USDA USDA will be allowed to use CCC funds offering assistance to the struggling ethanol industry in post-pandemic environment.
Just days ahead of the vote on the coronavirus aid package in Congress, President and CEO of the Renewable Fuels Association Geoff Cooper feared the time for individual, targeted aid for the ethanol industry had passed for an industry grappling with losses near $4 billion for 2020. However, the ethanol industry received an early Christmas present with language that at least opened the door for allocated funds to be used to support the biofuels sector as well as important tax provisions extended.
The COVID-19 emergency relief aid package provides $13 billion in agricultural assistance and programs and specifies that the funding boost to the Commodity Credit Corporation may be used to “make payments to producers of advanced biofuel, biomass-based diesel, cellulosic biofuel, conventional biofuel, or renewable fuel…produced in t
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DTN delivers accurate, objective, real-time, and actionable insights to increase our 2 million customers’ confidence and support their business decisions. In a data-rich world, our actionable insights in weather and financial analytics make sense of the information, drive change in processes and help businesses prosper. They empower our agriculture, energy and transportation customers – those who work endlessly to feed, fuel and protect our world. We believe that when our customers are supported with the most reliable and innovative information to the Nth Degree, they prosper and we all win. DTN is based in Minneapolis with offices globally.
About DTN
DTN delivers accurate, objective, real-time, and actionable insights to increase our 2 million customers’ confidence and support their business decisions. In a data-rich world, our actionable insights in weather and financial analytics make sense of the information, drive change in processes and help businesses prosper. They empower our agriculture, energy and transportation customers – those who work endlessly to feed, fuel and protect our world. We believe that when our customers are supported with the most reliable and innovative information to the Nth Degree, they prosper and we all win. DTN is based in Minneapolis with offices globally.
-The Hagstrom Report
The House and the Senate late Monday passed the fiscal year 2021 omnibus appropriations bill and a COVD-19 relief package, sending the legislation to President Donald Trump for his signature.
The omnibus appropriations bill will cost $1.4 trillion and the COVD-19 relief package $900 billion.
The measure was split in two in the House.
The House vote on Divisions B,C, E and F was 327 to 85, with 43 Republicans, 41 Democrats and one Independent opposing it.
The House vote on the rest of the combined bill was 359 to 53, with 50 Republicans, two Democrats and one independent opposing it.
The vote in the Senate was 92 to 6.
About DTN
DTN delivers accurate, objective, real-time, and actionable insights to increase our 2 million customers’ confidence and support their business decisions. In a data-rich world, our actionable insights in weather and financial analytics make sense of the information, drive change in processes and help businesses prosper. They empower our agriculture, energy and transportation customers – those who work endlessly to feed, fuel and protect our world. We believe that when our customers are supported with the most reliable and innovative information to the Nth Degree, they prosper and we all win. DTN is based in Minneapolis with offices globally.