Is BCAP on the chopping block?

January 28, 2011 |

In Washington, sources indicate that “the interim final rule is at the printer for the federal register” with respect to Section 9003 (Farm Bill) loan guarantees from the USDA, indicating that the new round should be out imminently. The Section 9003 is expected to have funds covering up to $1 billion in new bioenergy loans.

At the same time, it appears that in the talks over budget-deficit programs that the Biomass Crop Assistance program is at risk – being looked at as a “$500 million quick grab”. Supporters of the program are saying that an immediate effort will be required by the friends of BCAP to communicate its benefits in job creation, rural economic development, and the extent to which, by solving potential start-u “chicken and egg” problems in generating affordable feedstock for biorefineries, unlocks investment for biorefineries. “Just as BCAP hits its stride…” mused one of the Digesterati.

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