During an appearance before the Agricultural Business Council of Kansas City and Agri-Pulse Ag Outlook Forum Monday, Secretary of Agriculture Tom Vilsack addressed concerns about the proposed tax credit for sustainable aviation fuel that it might leave out corn and soybean feedstocks. Agri-Pulse editor and president Sara Wyant asked the secretary if we can expect the administration to “weigh in …
Sustainable Aviation Fuels Plan Flaw Could Hurt Farmers
In the rush to get as much spending in the massive Build Back Better bill as possible, Congressional Democrats created a new tax credit for sustainable aviation fuel (SAF) starting at $1.25 a gallon and increasing based on the carbon content of the biofuel, but the plan could favor foreign imports over American farmers and biofuel producers in its current …
USDA Projects Higher Corn and Soybean Production
Corn and soybean production are both forecast to be higher this year compared to 2020, according to the latest Crop Production report issued Friday by USDA’s National Agricultural Statistics Service (NASS). According to the report, corn production is up 6% from last year, forecast at 15.0 billion bushels while soybean growers are expected to increase their production 6% from 2020. …
Vilsack Announces Renewable Energy Investments
Agriculture Secretary Tom Vilsack announced Thursday that USDA is investing $464 million to build or improve renewable energy infrastructure and to help rural communities, agricultural producers and businesses lower energy costs in 48 states and Puerto Rico. USDA is financing $129 million of these investments through the Rural Energy for America Program and $335 million through the Electric Loan Program. …
USDA COVID Aid and Infrastructure for Biofuels Coming Soon
During a town hall style webinar with Farm Journal Editor Clinton Griffiths last week, USDA Secretary of Agriculture Tom Vilsack said payments for biofuels producers impacted by the pandemic could come in the very near future. “We made the decision to put resources into the biofuel industry and I would expect and anticipate we’re going to be seeing announcements on …
USDA Invests $26 Million in Biofuel Infrastructure
The U.S. Department of Agriculture (USDA) is investing $26 million to build infrastructure to expand the availability of higher-blend renewable biofuels by 822 million gallons annually in 23 states. The announcement includes investments in California, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Michigan, Mississippi, Missouri, Nebraska, New Mexico, New York, North Carolina, Ohio, Oklahoma, Rhode Island, Texas …
USDA Announces Pandemic Aid for Biofuels Producers
Pandemic aid for biofuels producers may soon be on its way. Agriculture Secretary Tom Vilsack today announced implementation of additional aid to agricultural producers and businesses as part of the USDA Pandemic Assistance for Producers initiative, including $700 million for biofuels producers adversely impacted by travel restrictions last year. “USDA is honoring its commitment to get financial assistance to producers …
Report Shows How U.S. Farmers Can Fight Climate Change
A new report commissioned by Farm Journal Foundation finds U.S. farmers have the potential to significantly reduce their greenhouse gas emissions and become part of the global solution to climate change. U.S. agriculture contributes about 10% of the total greenhouse gas emissions of the entire national economy, but farmers could greatly reduce those emissions if they were provided with the …
USDA Report Notes Role of Biofuels in Carbon Reduction
USDA’s 90-Day Progress Report on Climate-Smart Agriculture and Forestry which includes stakeholder input on how to best use programs, funding and financing capacities to encourage the voluntary adoption of climate-smart agricultural practices. The report also supports the role of agriculture in de-carbonizing the transportation sector. The growth of the U.S. biofuels sector, driven in part by the Renewable Fuels Standard, …
Corn Use for Ethanol Forecast Increased
USDA’s May World Agricultural Supply and Demand Estimates report is forecasting corn use for ethanol to increase this year with greater production and domestic use. The corn crop is projected at 15 billion bushels, up from last year on higher area and a yield projection of 179.5 bushels per acre assuming normal planting progress and summer growing season weather. Total …