By Senator Marshall
U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Eliza Petry on RFD-TV’s Market Day Report to discuss President Trump’s announcement of guidance to the 45Z tax credit, enacted in the Working Families Tax Cuts, and the positive effects it will have on Kansas agriculture.
“Eliza, well, this is an example of promises made, promises kept by President Trump. This is one of the key issues I spoke with him about during his campaign, and how important this was to the American farmer. American farmers make money when we take corn and turn it into beef, or we take corn, soybeans, sorghum, and wheat and turn them into ethanol or biofuels. I want you to think about this. In an average year, America exports about 2 billion bushels of corn. This program is going to probably allow us to consume twice that amount, turning it into jet fuel, turning it into biofuels, if that’s making sense. And then also it’s going to reward farmers for doing regenerative practice as well. So, I think that this is huge for rural America. It’s huge for ethanol plants. It’s huge for our farmers out there as well. And just my hats off to Secretary Rollins, Secretary Besant and their teams working with the President to get this right. So, I think this will actually be the biggest news of the entire year for American agriculture.”
“So, I think especially our ethanol plants, have been sitting and waiting for this clarity, and they’re ready to go now, and they know that because of the tax credits that they’re going to be able to do this, and we gave them three, I think, three years of certainty. So the certainty is what’s important if they’re going to make hundreds of millions of dollars investments in an ethanol plant, which are the hub of rural America in so many ways with employees, then they need this certainty, and by the way, it’s going to keep China from sending us palm oil and all the tricks that they do as well. So, this is prioritizing American farmers, and it tells them the rules of the road. And I go back to these regenerative agriculture practices, where we’re going more with less. A lot of my farmers are already embracing them. I think this will help us go to the very next step, and then as we work on connecting the carbon markets to that regenerative agriculture, I think it’s a sustainable way of living and getting away from, you know, so far, the President has given the American farmers $40 billionsince he was inaugurated. But all my farmers look, we want to move away from aid, and I can’t emphasize enough that our export markets are up this year. Farmers make money when we have a value-add product like biofuels and jet fuel.
Source : senate.gov