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Soybean Farmers, Biodiesel Producers Applaud Defense of Biodiesel Tax Credit

Soybean Farmers, Biodiesel Producers Applaud Defense of Biodiesel Tax Credit


The Iowa Soybean Association (ISA) and Iowa Biodiesel Board (IBB) commend Iowa U.S. Representatives Randy Feenstra (R-04), Ashley Hinson (R-02), Mariannette Miller-Meeks (R-01) and Zach Nunn (R-03), for leading efforts to defend soybean farmers and biodiesel producers in the Limit, Save, Grow Act of 2023.

Randy Miller, ISA president and soybean farmer from Lacona, issued the following statement:

“We sincerely thank Iowa leadership in the House for their continued commitment to the state’s soybean farmers, biodiesel industry, and rural communities. A strong Iowa biodiesel market helps farmers weather difficult economic times and supports Iowa’s thriving agriculture industry.

“By increasing soybean oil value, biodiesel supports 13% of the price per bushel of soybeans. This equated to $1.78 per bushel in 2021. It also lowers the price of soybean meal, a key ingredient for livestock producers and the food supply. We commend members of Congress for scrutinizing spending to ensure every dollar returns value to U.S. taxpayers. Their support does not go unnoticed considering the heightened sensitivity surrounding debt limit discussions.”

 

Source: kmaland.com

Photo Credit: GettyImages-bunyarit

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