The Inflation Reduction Act (IRA), also officially known as the Budget Reconciliation bill and unofficially as the mini-Build Back Better bill, has been passed by Congress and signed by President Biden. It was the subject of several eleventh-hour changes, but now the dust has settled and there is more transparency into what is included in the legislation. The bill includes $38.244 billion in agricultural programs and forestry. Here is a rundown of the provisions: The biodiesel tax credit (BTC) is extended through 2024 for biodiesel and renewable diesel. That is estimated as a tax expenditure of $5.571 billion. A new sustainable aviation fuel (SAF) credit is created through 2024. It is a credit of $1.25 per gallon, plus one cent for each...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.