January 21, 2020

Legislative Issues- Ag Economy; EPA Pesticide Issue; Climate Issues; Biofuels; and CFTC

Legislative Issues: Jobs Bill- Tax Credit, Ag Disaster Aid

Reuters news reported yesterday that, “Revival of the $1 a gallon biodiesel tax credit would be part of a jobs and tax bill in the U.S. Senate, according to a draft that circulated on Capitol Hill on Thursday.

“According to the draft, the $1 a gallon biodiesel tax credit, which expired at the end of 2009, would be extended through 2010.”

Yesterday’s article indicated that, “The draft also included a $1.5 billion in disaster aid for farmers and would allow a five-year depreciation schedule for agricultural equipment.

“Senate Majority Leader Harry Reid said on Wednesday that he was preparing a package of jobless benefits, state aid and tax breaks that the Senate could take up next week.”