Items Tagged with 'IRA'

The Department of Energy added new feedstock options to its model for determining eligibility and carbon intensity scores for biofuel producers under the 45Z tax credit. 

A key tax deduction used by farmers and small businesses would be expanded under sweeping tax legislation unveiled by House Republicans Monday, while the 45Z tax credit for biofuels would be extended to 2031 and eased in ways that would benefit domestic ag feedstocks.

A federal judge has ordered the Agriculture Department and four other agencies to release frozen funding for Inflation Reduction Act and Bipartisan Infrastructure Law conservation and energy programs.

Republicans are seeking input from biofuel stakeholders on what future tax policy should look like now that the GOP will have control in the White House and both chambers of Congress.

Those in the agriculture industry believe that conservation programs will be largely unaffected by the incoming second Trump administration, with the fate of remaining Inflation Reduction Act conservation funding in the hands of Congress.

USDA and the White House will host selected farm groups for meetings today with government officials to discuss the Biden administration’s key ag and rural investments. 

In this opinion piece, Collin O’Mara, president and CEO of the National Wildlife Federation, highlights the need to finalize and pass a farm bill that protects and invests in climate-smart agriculture.
 

The Conservation Reserve Program would undergo some major changes under House Agriculture Committee Republicans' proposed farm bill draft, but they won't be seen in the acreage cap, according to text unveiled today in preparation for a committee markup next week.