Photo: Del Monte
July 8, 2013
BY Del Monte
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Gov. JB Pritzker and the Illinois Department of Commerce and Economic Opportunity on June 22 celebrated Incobrasa Industries’ new soybean processing plant and solar array in Gilman, reinforcing Illinois' position as a growing hub for biofuels.
The USDA on June 25 announced its final Regenerative Feedstock Rule is ready for release. The action provides a voluntary pathway for farmers to capture value from regenerative agriculture practices via the 45Z clean fuel production credit.
Brazil-based Petrobras on June 17 announced it has completed the production and sale of its first batch of sustainable aviation fuel (SAF) made from CORSIA-certified soybean oil. The soybean oil was sourced from Bunge.
President Donald Trump on June 24 called on Congress to pass E15 legislation and asked lawmakers to approve an additional $11.1 billion in farm aid, including $10 billion in economic support for row and specialty crop farmers.
The USDA on June 18 released data showing the cost of soybean production is expected to increase more than 4% this year, reaching $$683.89 per acre. Per-acre costs are currently expected to expand by an additional 3% in 2027.