House Agriculture Chairman Mike Conaway hopes to finally get his farm bill to the Senate this week, but the outcome hinges on House Republican leaders going forward with plans to debate a pair of competing immigration measures.
Biofuel producers find themselves in a discomforting, but all-too-familiar, situation again this year. Valuable tax incentives have been allowed to expire once again, and Republican tax writers are openly questioning whether those and other lapsed tax breaks should be allowed to die.
The Trump administration this week finalizes hefty steel and aluminum tariffs that have farm groups bracing from retaliatory trade actions, and the president also is pushing forward to address complaints by refiners about the cost of complying with federal biofuel mandates.
President Trump’s search for a way to address refiners’ complaints about the Renewable Fuel Standard remained at an impasse following a meeting with biofuel and refining industry executives where the idea of a temporary cap on ethanol credits was quickly rejected by producers.
The Commerce Department today took the final step to authorizing retaliatory action against imports of biodiesel from Argentina and Indonesia, setting the final rates importers must pay to bring the biofuel into the U.S.