Biodiesel Certainty

Bill Proposes Three-Year Tax Credit Extension

Todd Neeley
By  Todd Neeley , DTN Staff Reporter
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Biodiesel continues to be a significant market for U.S. soybean farmers, accounting for about 26% of soybean oil. (Photo courtesy of the Renewable Energy Group)
Biodiesel continues to be a significant market for U.S. soybean farmers, accounting for about 26% of soybean oil. (Photo courtesy of the Renewable Energy Group)
While the U.S. biodiesel industry faces the prospect of losing nearly 600 million gallons of mandated production from the Renewable Fuel Standard, a new bill to extend a $1 production tax credit provides hope to an industry coming off a record production year.

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Todd Neeley

Todd Neeley
About the Author
Connect with Todd:
@DTNeeley