Call it ‘climate smart’ or ‘sustainable,’ the end goal is the same
The second half of January was a blur for U.S. agriculture. First, the Department of the Treasury published long-awaited draft guidance on the Section 45Z clean fuels production tax credit. Although it was a step in the right direction, it didn’t go far enough to provide farmers or their downstream partners in the ethanol industry with the clarity needed to move forward in claiming the tax credit with confidence. With the credit taking effect Jan. 1 — more than two years after becoming law — many were left frustrated, wondering why such cursory guidance took so long.