Biodiesel critics and advocates both noted that there was no proposal in the president's budget to extend the biodiesel blenders' credit. This has sparked a discussion in Washington about where the issue stands in Congress.It is an annual process in Washington to consider a package of tax extenders for expiring tax provisions, but Congress is in no hurry this year for the exercise. It let the tax provisions, a myriad of them, lapse at the end of 2013 and hasn't taken up any legislation to reinstate them. One particular tax provision is of interest to the ag sector, the biodiesel tax credit. The biodiesel blenders' tax credit was initiated in 2005, and it has expired and been reinstated three times since then. It was restored in early 2013 a...
Key Takeaways: Soyoil futures have been trading at the highest levels since 2022. Higher crude oil prices have allowed biofuels to be more cost-competitive with fossil fuels. Recent U.S. biofuel policy, including 45Z, has been favorable toward soyoil as a feedstock. California will be limiting...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.