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Treasury, IRS issue proposed regulations on the clean fuel production credit
The Department of the Treasury and the Internal Revenue Service today issued proposed regulations for domestic producers of clean transportation fuel to determine their eligibility for and calculate the clean fuel production credit under the One, Big, Beautiful Bill. The new law made important changes to what is often referred to as the 45Z credit. The clean fuel production credit provides businesses an income tax credit for clean transportation fuel produced domestically after Dec. 31, 2024,...
Skor optimistic about future of E15 and biofuels
The future of biofuels, particularly E15, remains a crucial element in Expanding E15 availability could boost the agricultural sector and reduce reliance on foreign oil. However, overcoming regulatory barriers and updating fueling infrastructure will be essential for...
Ag Secretary Rollins discusses farm labor costs
USDA Secretary Brooke Rollins says farm labor costs have reached in some cases more than 50 percent of expenses but still defends the President’s mass deportation policy. Rollins makes no excuse for backing the President’s immigration policy and better securing the...
Ag groups react to tariff implementation
Many U.S. ag groups reacted to the President’s decision to implement tariffs on Canada, Mexico, and China. Rob Larew, President of the National Farmers Union, says tariffs will have serious consequences for American agriculture. “We’re already facing significant...
MaxStax helps keep crops healthy throughout the year
When it comes to having a successful crop year, it’s important to get out ahead of any potential factors that might limit your yields. There are many different ways to do this, and some of those methods are more difficult than others. Meristem’s solution to getting a...
AFBF comments on Trump tariff situation
At 12:01 A.M. on Tuesday, March 4, tariffs on Mexican and Canadian imports went into effect. At the same time, the tariff on Chinese imports doubled. Dave Salmonsen, senior director of government affairs with the American Farm Bureau Federation, says these tariffs now...
ICGA President Swanson checks in after NCGA Delegate Meeting
The National Corn Growers Association (NCGA) convened in Denver, CO, for its annual delegate meeting during Commodity Classic, bringing together representatives from state organizations nationwide. This crucial gathering serves as a platform for delegates to debate...
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More Ag News
U.S. red meat export trend was higher in March
Exports of U.S. beef, pork and lamb trended higher year-over-year in March, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). USMEF President and CEO Dan Halstrom said beef export value was led by strong performances in...
May WASDE report brings strength to soybean prices
The first WASDE report after the official start of planting season had some decently positive aspects, especially in the soybean markets. As for the corn markets, AgMarket.Net Hedging Strategist Robin Schmahl said the corn production estimates were in line with the...
Fiscal year ag trade at the midway point
We have reached the halfway point of the ag trade year, and it is a good time to analyze the numbers for imports and exports thus far. USDA economist James Kaufman says exports are down from last year while imports continue to increase. Kaufman expands on the ag trade...
USDA’s Rollins says Proposition 12 ‘Just not sustainable’
At a U.S. House Appropriations Committee hearing on the U.S. Department of Agriculture budget, Agriculture Secretary Brooke Rollins weighed in on California Proposition 12 and similar laws that affect livestock production. In response to a question from Committee...
Modern Ag Alliance pushes late for labeling legislation
Even though the Iowa Legislature was scheduled to adjourn last week, work at the Capitol is far from over. Lawmakers remain locked in negotiations over unresolved budget issues, keeping the session alive past its intended deadline. Amid the ongoing debates, the Modern...
