Biodiesel Incentives Proposed for Iowa

from Wallaces Farmer:
Rod Swoboda rswoboda@farmprogress.com
November 8, 2007

The Iowa Soybean Association Board of Directors has endorsed an incentives-first approach to 2008 biodiesel policy for the upcoming 2008 Iowa legislative session. The ISA biodiesel policy options feature a variety of market-driven strategies for Iowa legislators to consider. Highlights of this plan include:

• an increase in the current retail tax credit program,
• creation of a "bulk sales" incentive,
• new infrastructure support options through the Iowa Renewable Fuels Infrastructure Board,
• subsidies to existing biodiesel production facilities, and
• increased biodiesel usage by state fleets.

"We think this is a balanced, market-driven approach to biodiesel policy," says Curt Sindergard, ISA president and a farmer from Rolfe in northwest Iowa.


Read more>>