Economist’s Angle

Increased Feedstock Imports Push Soy from Biofuels

August 15, 2024

By Scott Gerlt • ASA Chief Economist Growth in biofuel use of soybean oil has been a bright spot for soybean farmers. Over 20 new or expanding crush plants have been announced since the start ...

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Qualifying Acres in the 40B Conservation Programs

July 18, 2024

By Scott Gerlt, PhD, ASA Chief Economist • Krista Swanson, NCGA Lead Economist • Katelyn Klawinsky, ASA Economics Intern The Inflation Reduction Act (IRA), passed in August 2022, created a sustainable aviation fuel tax credit. ...

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A Look at 40B and 45Z Credits for Soy Biofuels

June 6, 2024

By Scott Gerlt • ASA Chief Economist Federal tax credits for biofuels are poised to take a new direction. The Inflation Reduction Act was enacted in August 2022 and restructured biofuels tax credits (for more ...

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Farm Bill Proposal Enhances Safety Net

May 21, 2024

By Scott Gerlt • ASA Chief Economist  Updated 5/21/24 Based on Legislative Text The farm bill renewal process is heating up. The last farm bill, passed in 2018, was set to expire in 2023. No ...

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Used Cooking Oil Imports for Biofuels Exceed Expectations

April 4, 2024

Dr.  Scott Gerlt • ASA Chief Economist  The domestic biomass-based diesel industry, which includes biodiesel and renewable diesel, is growing. Capacity grew from 3.3 billion gallons at the beginning of 2021 to 5.9 billion gallons ...

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