Reps. Michelle Fischbach (R-Minn.) and Nikki Budzinski (D-Ill.) introduced H.R. 8137 the Biobased Materials Investment and Production Act to incentivize the production of biobased chemicals and materials, which will create new markets for American farmers..
NCGA is working closely with Congress and a coalition of organizations to support and expand the ag bioeconomy. In response to the introduction of the tax legislation, Ohio farmer and National Corn Growers Association President Jed Bower released the following statement:
“Corn growers are very appreciative of Reps. Fischbach and Budzinski for introducing this legislation that will diversify demand for our farmers, strengthen rural economies and support domestic manufacturing. Boosting market opportunities for bioproducts made from agricultural feedstocks creates new revenue streams for growers of many different crops, which is particularly helpful during difficult economic times.”
