Federal Biodiesel Tax Extension is a Win for Iowa’s Renewable Fuels Industry

DES MOINES, Iowa (Dec. 17, 2019) – Iowa Secretary Mike Naig issued the following statement in response to the proposed five-year extension of the federal biodiesel tax incentive.

“The holiday season just got a little brighter for biodiesel producers and farmers alike thanks to the proposed extension of the federal biodiesel tax incentive,” said Secretary Naig. “As the country’s leading biodiesel producer, the industry supports thousands of Iowa jobs and adds value to our soybean, corn, cattle and hog products. If passed, the biodiesel tax incentive will bring much needed stability to the renewable fuels market and rural communities across the state.”

Biodiesel Facts

  • In 2018, Iowa produced an estimated 365 million gallons of biodiesel.

  • Biodiesel adds at least 63 cents per bushel to the value of Iowa soybeans, $16 per head of cattle and $1.24 per head of pork, according to Renewable Energy Group.

  • Biodiesel reduces GHG emissions by up to 86 percent compared to diesel fuel.

###

About the Iowa Department of Agriculture and Land Stewardship

Led by Secretary Mike Naig, the Department of Agriculture and Land Stewardship serves the rural and urban residents that call Iowa home. Through its 14 diverse bureaus, the Department ensures animal health, food safety and consumer protection. It also promotes conservation efforts to preserve our land and enhance water quality for the next generation. Learn more at iowaagriculture.gov.

Media Contact:
Don McDowell
Communications Director
515-281-3375
Don.McDowell@IowaAgriculture.gov