# Tax incentive and infrastructure boost good for agriculture

> The Iowa governor announced an additional $7 million for the Renewable Fuels Infrastructure Program and signed legislation extending the fuel tax incentive for biodiesel blends of at least 11 percent. The Iowa Soybean Association welcomed the measures as support for soybean demand.

- Date: 2020-07-16 · published 2020-07-16T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/51970-tax-incentive-and-infrastructure-boost-good-for-agriculture
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expanded state incentives for biodiesel blends modestly support domestic soyoil demand, a mildly bullish factor for soybeans.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-04-28 | [Iran war's boost to biofuels lifts US agriculture giants' earnings \| Reuters](https://feedsoft.ai/events/12290-iran-war-s-boost-to-biofuels-lifts-us-agriculture-giants-earnings-reuters.md) | +3.1% | -2.5% |
| SBO | 2019-03-26 | [Congress to extend biodiesel tax incentive](https://feedsoft.ai/events/59976-congress-to-extend-biodiesel-tax-incentive.md) | -0.9% | -2.6% |
| SBO | 2024-07-11 | [Corn Was King: The Transition to Soy in U.S. Production Agriculture - Center for Commercial Agriculture](https://feedsoft.ai/events/15197-corn-was-king-the-transition-to-soy-in-u-s-production-agriculture-center-for.md) | -1.2% | -5.0% |
| SBO | 2019-12-11 | [SunSirs: Agriculture: Eye-Catching Performance of Palm Oil and Soybean Oil in the Fourth Quarter Thanks to Good News Supporting](https://feedsoft.ai/events/12380-sunsirs-agriculture-eye-catching-performance-of-palm-oil-and-soybean-oil-in-the.md) | +7.5% | +9.2% |
| SBO | 2018-10-11 | [ASA pushes for extension of biodiesel tax incentive - American Soybean Association](https://feedsoft.ai/events/62412-asa-pushes-for-extension-of-biodiesel-tax-incentive-american-soybean-association.md) | +3.2% | -1.6% |
| SOY | 2026-04-28 | [Iran war's boost to biofuels lifts US agriculture giants' earnings \| Reuters](https://feedsoft.ai/events/12290-iran-war-s-boost-to-biofuels-lifts-us-agriculture-giants-earnings-reuters.md) | +2.6% | +0.7% |
| SOY | 2026-10-02 | [US and China Unveil $30 Billion Tariff-Cut Framework for Agricultural Exports - Beijing Post](https://feedsoft.ai/events/4457-us-and-china-unveil-30-billion-tariff-cut-framework-for-agricultural-exports.md) | +0.3% | -5.0% |
| SOY | 2024-07-11 | [Corn Was King: The Transition to Soy in U.S. Production Agriculture - Center for Commercial Agriculture](https://feedsoft.ai/events/15197-corn-was-king-the-transition-to-soy-in-u-s-production-agriculture-center-for.md) | -3.9% | -10.6% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/press-release/7-million-infrastructure-boost-tax-incentive-for-renewable-fuels-huge-win-for-iowa-soybean-farmers

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.