Farm leaders push for domestic focus in fuel credits
American Farm Bureau Federation President Zippy Duvall recently led a delegation to the White House to discuss the importance of prioritizing American crops in the allocation of renewable fuel tax credits.
This discussion, involving leaders from major agricultural organizations, focused on the implications of the Clean Fuel Production Credit and the Sustainable Aviation Fuel Credit for U.S. agriculture.
"We appreciate John Podesta’s willingness to hear our concerns about the Clean Fuel Production Credit and the Sustainable Aviation Fuel Credit," stated President Duvall. He emphasized that these credits are essential for lowering the nation's carbon emissions and ensuring the economic sustainability of American farmers but require adjustments to better support domestic interests.
The current policies do not compel the use of U.S.-grown feedstocks in the production of sustainable aviation fuels, which can lead to foreign entities benefitting at the expense of American farmers. Moreover, complex reporting demands make it challenging for farmers to gain the full benefits of participation.
The agricultural leaders urged swift action to modify the regulations surrounding these tax credits to favor domestic crops and simplify participation criteria.
With the impending activation of the Clean Fuels Production Credit next year, it is vital for these adjustments to be made promptly to aid farmers in their production planning and enhance the competitiveness of the American agricultural sector in the renewable energy market.