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Nov 17, 2016
As always, the soybean industry was well represented and actively engaged in the National Biodiesel Board (NBB) membership meeting in St. Louis, Mo this week. During the meeting, American Soybean Association (ASA) Board member Mike Cunningham, of Illinois, was re-elected to the NBB Governing Board and was also elected to serve as the new vice chairman of the organization. Kent Engelbrecht of Archer Daniels Midland Company was elected as Chairman of the NBB Governing Board.
ASA Washington staff, as well as numerous state soybean association staff and farmers attended the NBB meeting. The agenda included updates on the status of federal and state policy intitiatives, such as the federal biodiesel tax credit and Renewable Fuel Standard (RFS), as well as discussion on the impact of the recent elections, outlook for 2017 and more immediately the Lame Duck session of Congress.
The biodiesel tax credit will expire on Dec. 31, 2016 if not extended during the Lame Duck session. As part of this effort, the industry will conduct a fly-in to Washington, D.C. on Nov. 30 to continue to advocate to Members of Congress the value of biodiesel and the importance of the tax credit.
