While the biodiesel tax credit has been extended retroactively in the past, it has had a unique impact.The Senate Finance Committee considered and passed its tax extender package yesterday that included the $1.00 per gallon biodiesel blenders' tax credit, the 10 cents per gallon agri-biodiesel producer tax credit and the $1.01 per gallon cellulosic biofuels producer credit. These are all retroactive to the beginning of 2014 and in effect through 2015. If finally accepted, this would be the second time that the biodiesel tax credit was approved retroactively. At the end of 2012, it was extended back to cover that year after it had lapsed in 2011 and also effective until the end of 2013 when it expired.The Finance Committee package did not in...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.