
SOURCE: U.S. Department of Energy
January 31, 2025
BY U.S. Department of Energy
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According to the USDA, President Trump’s executive order that lifts taxes on dyed-diesel is expected to represent approximately $640 million in combined federal and state savings across about 224.6 million harvested acres.
U.S. biofuel producers consumed 31.275 billion pounds of feedstock in July, up nearly 3% when compared to June and up nearly 7% when compared to July 2025, according to data released by the U.S. Energy Information Administration on June 30.
The USDA on Sept. 30 released its latest quarterly Grain Stocks report, indicating that old crop corn stocks are up 35% when compared to the same time last year. Old crop grain sorghum crops are down 13%.
The USDA on Sept. 29 announced increased financial assistance for the Regenerative Pilot Program from $700 million to $1 billion in fiscal year 2027, providing more producers with the opportunity to adopt conservation systems.
A new report co-authored by the National Corn Growers Association and American Soybean Association documents ongoing economic pressures across farm country, despite recent price improvements in both commodity markets.