Thirteen trade groups ask Congress to extend biodiesel tax incentive

In Washington, thirteen trade groups representing farmers, rural lenders, crop and biobased oil producers, and biodiesel producers wrote leaders of the House of Representatives and Senate, asking them to take action on bipartisan legislation to extend the biodiesel tax incentive.
“America’s farmers and rural communities are facing a mounting economic threat. With your leadership, Congress can help mitigate the crisis by taking immediate action on a policy that enjoys bipartisan, bicameral support. We are writing today to ask you to renew and extend the biodiesel tax incentive at the earliest opportunity,” the letter states.
“Senators and Representatives from both sides of the aisle and across the country agree that the biodiesel tax incentive should be renewed.,” the letter continues. “We ask you to bring an extension of the biodiesel tax incentive up for immediate consideration in Congress.”

The groups include the Agricultural Retailers Association, American Farm Bureau Federation, American Soybean Association, CoBank, Corn Refiners Association, Farm Credit Council, National Biodiesel Board, National Council of Farmer Cooperatives, National Farmers Union, National Oilseed Processors Association, National Renderers Association, National Sorghum Producers, and U.S. Canola Association.