The American Soybean Association (ASA) was present during this week’s National Biodiesel Board (NBB) membership meeting in St. Louis, with ASA Washington staff and numerous state soybean association staff and farmers in attendance. During the meeting, ASA Board member Mike Cunningham was re-elected to the NBB Governing Board, as well as the new vice chairman of the organization.
The agenda included updates on the status of federal and state policy intitiatives, such as the federal biodiesel tax credit and Renewable Fuel Standard (RFS), as well as discussion on the impact of the recent elections, outlook for 2017 and more immediately the Lame Duck session of Congress.
The biodiesel tax credit will expire on Dec. 31, 2016 if not extended during the Lame Duck session. As part of this effort, the industry will conduct a fly-in to Washington, D.C. on Nov. 30 to continue to advocate to Members of Congress the value of biodiesel and the importance of the tax credit.