The soybean markets have seen a ton of support this week, mostly due to the announcement of 45z tax credit guidelines. Soybean farmers across the country have been waiting for this announcement for far too long, and now there is finally a light at the end of the tunnel. Iowa Soybean Association President Tom Adam said they want to maintain those guidelines as they are written.
Adam said guidance for both renewable volume obligations (RVOs) and 45z tax credits will provide many benefits for soybean farmers.
Adam added that soybean farmers have been flying blind for a while now, and these guidelines can provide some much-needed certainty.
For more information, visit iasoybeans.com.
