IRS petitioned by growth energy on SAF credits

Oct 30, 2023

Leading the charge in the biofuels sector, Growth Energy recently approached the U.S. Internal Revenue Service (IRS). Their objective is to ensure American bioethanol producers are considered for the sustainable aviation fuel (SAF) tax incentives, a part of the Inflation Reduction Act (IRA).

Growth Energy's pitch is straightforward. The criteria for SAF certification should be laser-focused on the reduction of lifecycle greenhouse gas (GHG) emissions. They argue that the current prerequisites set by the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) could be overly demanding for several SAF manufacturers.

Growth Energy's CEO, Emily Skor, highlights the untapped promise of the SAF domain for American entities. In her view, it's imperative that regulatory policies duly recognize bioethanol's immense potential. Reflecting this belief, numerous association members have channeled significant resources into SAF's production.

It's worth noting that Growth Energy's advocacy isn't a one-off event. Over the past year, they've reached out to the U.S. Treasury Department five times, driving home the message that bioethanol deserves prime attention in SAF-centric tax guidelines.

Source : wisconsinagconnection

Video: Veteran Farmers: A Legacy of Service in Rural America

Veterans Day is a time to honor the men and women who have selflessly protected our freedoms and values. And for some, the transition from military service to civilian life brings them back to the farm.

At Farm Bureau, we believe it’s important to not only celebrate veterans but also those who continue to make a difference in agriculture and their community. We've partnered with Farm Credit to establish the Veteran Farmer Award of Excellence to shine a light on those who have continued to go above and beyond to serve their communities.

This year, we recognize retired Colonel Joe Ricker as the inaugural Veteran Farmer Award of Excellence winner. Joe served over 30 years in the Army before retiring from the Pentagon and completing tours in both Iraq and Afghanistan. Since leaving the Army, his commitment to excellence in farming and enriching the lives of veterans has blossomed in a myriad of ways in both his local community of Wilkinson, Indiana, and across the country. Joe grows apples and raises bees on his farm in Indiana. Joe founded “Veterans IN Farming,” an organization, now with more than 1,100 members, dedicated to providing veterans in Indiana with the tools and training to succeed in agriculture.

The American Farm Bureau Federation is an independent, non-governmental, voluntary organization, comprised of and directed by farm and ranch families who engage in all types of food, fuel and fiber production.