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Craig Pushing for Biofuel Production Certainty, Tax Credit Extension
Minnesota Ag Connection - 06/06/2019

After visiting the farm of Brad Hovel in Cannon Falls, and hearing about the importance of biofuels production in Minnesota's farm economy, U.S. Rep. Angie Craig continued her fight for stability in the biofuels market by submitting a statement for the record to the House Ways and Means Committee. Rep. Craig urged the Committee to swiftly extend the biodiesel tax credit for biodiesel facilities, providing market certainty for Minnesota farmers.

"Farmers in the Second Congressional district have fed, fueled, and clothed our communities for generations. They deserve economic security and market access for their products that will sustain their businesses," said Rep. Angie Craig. "Extending tax credits for biofuels will increase production and boost economic growth for farmers across Minnesota. These fuels reduce costs for consumers, and diversify America's fuel supply. I will continue to offer my strong support for the bipartisan work of this Committee to advance the future of biofuel innovation."

"National Biodiesel Board and its members thank Rep. Angie Craig for conveying the urgency of renewing the biodiesel tax incentive to the Committee on Ways and Means," said National Biodiesel Board Vice President of Federal Affairs, Kurt Kovarik. "Farmers and biodiesel producers in Minnesota and across the United States are waiting on Congress to take overdue action on the tax incentives and provide some much-needed economic certainty."

"The biodiesel industry adds 63 cents to every bushel of soybeans grown by farmers in Minnesota's Second Congressional District," said Joe Smentek, executive director for the Minnesota Soybean Growers Association. "Minnesota is a leader in the production and use of biodiesel. We thank Rep. Craig for her leadership and support on legislation that will help increase soybean prices in these difficult economic times for farmers."

With farmers facing market uncertainty from a self inflicted trade war and record low commodity prices, Rep. Craig knows just how important the biodiesel tax credit is to provide stability for farm commodities. That's why she has:

- Cosponsored the Biodiesel Tax Credit Extension Act of 2019 to protect Minnesota's biodiesel industry and Minnesota soybean markets,

- Joined a bipartisan letter to urge the Administration to end its unfair practice of issuing small refinery waivers to big oil companies, which is a handout to big oil companies on the backs of family farmers,

- Joined the bipartisan Congressional Biofuels Caucus.

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