Pleased with Latest 45Z Proposal, Corn Growers Commend Administration

A proposal released today by the U.S. Department of Treasury on a tax credit designed to help the biofuel industry sell into the aviation sector was met with positive reception among the nation's corn growers.

"Treasury's proposal is a definite step in the right direction and will allow corn growers to transition into and supply the aviation sector," said Ohio farmer and National Corn Growers Association President Jed Bower. "Being able to fuel commercial planes with fuel derived from corn would be important to the long-term economic viability of farming. After today we are one step closer to that possibility."

Last year, Congress preserved and improved aspects of the tax credit in the One Big Beautiful Bill Act. Today's guidance reaffirmed many of those improvements.

Corn growers said they were particularly pleased to see the direct reference to agricultural practices in the proposal.

"This is good news for farmers as we continue look for any and all avenues to secure and enhance markets for corn," Bower said. "This administration has shown that it understands the importance of biofuels to American farmer's future, this proposal confirms that."

Bower said he hopes Treasury will keep up the momentum by working with other agencies as they update the crucial 45Z-CF GREET model to appropriately account for farmers' hard work. He said NCGA will provide comments on the proposal and participate in the public hearing May 28th.