Representatives Mike Carey (R-Ohio) and Ann Kuster (D-New Hampshire) last month introduced the Biodiesel Tax Credit Extension Act of 2024 that would extend the $1.00/gallon biodiesel blender credit through 2025. By way of background, the Biodiesel Tax Credit (BTC) – which applies to both biodiesel and renewable diesel – expires on 31 December 2024 and will be replaced by the Clean Fuel Production (45Z) tax credit in 2025. There are a couple of key considerations in this transition. First, the new 45Z credit is based on quantifiable carbon reduction scores for qualifying fuels, and to earn the credit by reducing carbon intensity scores, new capital investments at renewable fuel plants and changes in on-farm pro...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.