Soybean Growers Support Final 45Z Guidance

National Association of Farm Broadcasting

American Soybean Association Secretary Jordan Scott urged federal officials to quickly finalize guidance for the Section 45Z Clean Fuel Production Credit during testimony before the U.S. Treasury Department and the Internal Revenue Service. Scott, a fifth-generation soybean farmer from South Dakota, said certainty surrounding the biofuel tax credit is critical for strengthening demand for U.S.-grown soybeans and supporting farm income during a difficult economic period. “Federal tax credit certainty for the biofuel industry supports U.S. agriculture by bolstering market access and creating value-added opportunities for farmers,” Scott said. “Conversely, the lack of tax credit certainty affects the markets that U.S. soybean farmers depend on.” Scott highlighted recent changes to the 45Z program that improve competitiveness for soy-based biofuels by removing indirect land use change penalties on agricultural feedstocks. He also encouraged Treasury and IRS officials to finalize guidance before the 2026 harvest season and continue developing policies that reward climate-smart farming practices.