USA Farm Projections (Part Two)
Jim Wiesemeyer (wiesemeyer@gmail.com), Washington DC agricultural insider, Virginia, spoke recently about US agriculture. Email him for free daily insights. Jim offered insights on E-15, Aviation fuel, and projections for the US Farm Bill. Jim is optimistic that Congress will pass a US ag farm provision for year-round E-15 Ethanol. While some Congress members are opposed, the majority want this legislation passed. The effect on corn markets may be slow though because it takes time to build new facilities for increased ethanol production. The aviation fuel (45Z) seems to be stalled. It is set to expire soon (2029) but no rules have been made. This would be a boon for USA agriculture if 45Z was a reality. It will stay stalled until a new farm bill is enacted. The 45Z Clean Fuel Production Credit provides a tax incentive for producing low-emission fuels including Sustainable Aviation fuel made from grain. Jim also reported on the USDA crop estimates. Currently the way USDA collects ...