Late yesterday the U.S. Treasury Department issued long-awaited guidance on the sustainable aviation fuel (SAF) tax credit, shedding light on soy feedstock eligibility. The Ohio Soybean Association (OSA) acknowledges the significance of an additional pathway for soybean oil’s eligibility for the SAF tax credit but has concerns about the mandated farming practices for feedstocks to qualify. Established under the Inflation Reduction Act, the SAF tax credit (40B) will run from January 1, 2023, to… Read More

The Ohio Soybean Association (OSA) and Ohio Soybean Council (OSC) were excited by the announcement of a new Louis Dreyfus Company (LDC) soybean crush facility that is slated to be built in Upper Sandusky, OH. The new facility will have an annual crush capacity of 1.5 million metric tons, or over 55 million bushels. The move brings additional, diversified demand for Ohio soybeans in the food, livestock feed, and biofuels markets, and reaffirms global agriculture’s… Read More

The Ohio Soybean Association (OSA) is disappointed by U.S. Environmental Protection Agency’s (EPA) final Renewable Volume Obligations (RVOs) for 2023, 2024, and 2025. RVOs set annual biofuel blending targets under the Renewable Fuel Standard. OSA does not believe the rule accurately reflects the growth expected in the soy-based diesel industry and falls far below the industry’s current production. The 2023 finalized rule made zero increases to the 2023 volumes compared to the draft rule. For… Read More

The U.S. Department of Agriculture’s Risk Management Agency recently announced its expansion of double crop insurance opportunities for soybeans in at least 681 counties nationwide, a move that the Ohio Soybean Association (OSA) supports. The new expansion covers virtually all Ohio counties, allowing farmers in the Buckeye State to reduce the economic risk associated with growing two crops on the same land in the same year. OSA met with representatives from RMA in June to… Read More