Thirteen trade groups that represent farmers, rural lenders, crop and biodiesel-based oil producers, as well as biodiesel producers, fired off a letter to the House and Senate.
They’re asking each body to take action on bipartisan legislation to extend the biodiesel tax incentive.
“America’s farmers and rural communities are facing a mounting economic threat,” the groups say in the letter.
“Congress can help lessen the crisis by taking immediate action on a policy that enjoys bipartisan, bicameral support.”
“We are writing today to ask you to renew and extend the biodiesel tax incentive at the earliest opportunity.”
Kurt Kovarik, National Biodiesel Board VP of Federal Affairs, says:
“Income for America’s farmers is falling, and the impact is beginning to be felt in other sectors of the rural economy.”
“Biodiesel production adds value to oilseeds crops and recycled oils, providing one bright spot for the agriculture sector.”