FarmPolicy

December 16, 2017

Biofuels; Farm Bill; Climate Issues; Nutrition; Trade; Animal Ag; and Financial Reform

Biofuels

DTN writer Todd Neeley reported yesterday (link requires subscription) that, “Ethanol industry advocate Growth Energy on Thursday called for the gradual phasing out of the 45-cent ethanol blenders’ tax credit, while redirecting a portion of what amounts to billions of dollars toward building ethanol infrastructure such as blender pumps, flexible fuel vehicles and dedicated pipelines for ethanol.

“Growth Energy CEO Tom Buis said in a conference call that doing so would allow for the end of the blenders’ credit — or the Volumetric Ethanol Excise Tax Credit (VEETC) — and the industry to compete on its own in the open market.

“‘We no longer have a problem producing ethanol,’ he said. ‘Our challenge is infrastructure barriers. We’re saying the buck stops here.’”

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