Farmers Disappointed With Lack of Clarity Around 45Z

Jan 13, 2025

The Department of Treasury released more details today about a tax credit, known as 45Z, that is designed to help the biofuel industry make inroads into the aviation sector.

While today’s news included more information, corn grower leaders said they still need better clarity about the specific environmental practices that will be required for accessing the credit.

“This is disappointing news for growers,” said Iowa Corn Growers Association President Stu Swanson. “We have continually advocated for clear guidelines from Treasury officials, working to provide them with the necessary information they need to get this done. Unfortunately, it feels like our input has gone unrecognized and this issue will now be passed to the new administration.”  

The 45Z tax credit was part of the Inflation Reduction Act, which was signed into law in 2022. The law provides tax incentives to refineries that produce biofuels that can be used in commercial aircraft to lower greenhouse gas emissions.

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Video: Fendt Testimonial | Fendt 726 Vario Gen7 | Peter Watson Jones Ltd.

What happens when a farm buys its first Fendt? For Peter Watson Jones Ltd, the Fendt 726 Vario Gen7 has exceeded expectations from day one. For Jack, Farm Manager at Peter Watson Jones Ltd in North Shropshire, UK, the Fendt 726 Vario Gen7 wasn't just another tractor purchase. It was the farm's first experience with the Fendt brand.

Operating across a 1,200-acre arable farm alongside a 250,000-head broiler enterprise, the business has evolved significantly over the last decade, moving to a straight arable system with fewer staff and machines. Since arriving on the farm, the Fendt 726 Vario has established itself as the main drilling and cultivations tractor, earning its place through performance, versatility and efficiency. Whether it's handling large-scale cultivations or working with a new 4.5m strip-till drill, the tractor continues to impress.

Jack highlights its excellent manoeuvrability, operator comfort and ability to deliver strong pulling power at low engine speeds. The result? Outstanding fuel efficiency without compromising performance. Reliability has also been a key factor, with dependable backup from the team at TR Machinery helping to keep the tractor working when it matters most.

?? Watch as Jack shares why the Fendt 726 Vario Gen7, the farm's first Fendt, has made such a strong impression and become an integral part of their operation.