Biofuel Policy Update ISU Extension Farm Mng. In-service Nashua, Iowa May 20, 2013 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911 Image source: Des Moines Register Image source: gas2.org Image source: truckinginfo.com 1 1

Renewable Fuels Standard (RFS)

Renewable Fuels Standard (RFS)

Renewable Fuels Standard (RFS)

Other Policies Still in Play 2nd Generation Biofuel Producer Tax Credit Expires 12/31/13 Up to $1.01 per gallon Biodiesel Income Tax Credit and Biodiesel Mixture Excise Tax Credit $1.00 per gallon of pure biodiesel Biomass Crop Assistance Program Extended through 2013

Thank you for your time. Any questions. My web site: http://www. econ Thank you for your time! Any questions? My web site: http://www.econ.iastate.edu/~chart/ Iowa Farm Outlook: http://www.econ.iastate.edu/ifo/ Ag Decision Maker: http://www.extension.iastate.edu/agdm/