# U.S. proposes biodiesel tax credit for producers | World-grain.com | April 27, 2017 14:43 | World Grain

> Congressional leaders introduced a bipartisan bill that would convert the biodiesel blender's credit into a $1-per-gallon production credit for three years. It adds a 10-cent-per-gallon credit for small producers. The previous credit expired at the end of 2016.

- Date: 2017-04-27 · published 2017-04-27T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/71383-u-s-proposes-biodiesel-tax-credit-for-producers-world-grain-com-april-27-2017
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A production credit of $1 per gallon would encourage domestic biodiesel output and soybean oil crush, supporting soy oil prices. Import competition from Argentina and Indonesia would be reduced.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-02-22 | [Tax credit urged for biodiesel](https://feedsoft.ai/events/60468-tax-credit-urged-for-biodiesel.md) | -1.7% | -4.6% |
| SBO | 2018-10-01 | [Biodiesel proponents ask for extension of biodiesel tax credit](https://feedsoft.ai/events/62411-biodiesel-proponents-ask-for-extension-of-biodiesel-tax-credit.md) | +1.4% | -1.8% |
| SBO | 2022-02-21 | [A growing group of US biodiesel producers proposes RFS policy fix to save their investments](https://feedsoft.ai/events/15418-a-growing-group-of-us-biodiesel-producers-proposes-rfs-policy-fix-to-save-their.md) | +5.2% | +2.2% |
| SBO | 2018-07-18 | [Biodiesel Producers Ask EPA to Raise RFS Volumes \| Energy.AgWired.com](https://feedsoft.ai/events/63924-biodiesel-producers-ask-epa-to-raise-rfs-volumes-energy-agwired-com.md) | +1.8% | +1.3% |
| SBO | 2017-12-01 | [EIA: US biodiesel production still increasing despite expiration of tax credit](https://feedsoft.ai/events/67361-eia-us-biodiesel-production-still-increasing-despite-expiration-of-tax-credit.md) | -1.5% | -2.0% |
| PALMOIL | 2017-04-26 | [Grassley, Cantwell Lead Group of 14 Senators to Bolster Renewable Fuels with Biodiesel Tax Credit](https://feedsoft.ai/events/71382-grassley-cantwell-lead-group-of-14-senators-to-bolster-renewable-fuels-with.md) | +1.4% | +4.3% |
| PALMOIL | 2022-12-06 | [Soybean oil prices fall amid shrinking prospects for US biodiesel consumption](https://feedsoft.ai/events/38342-soybean-oil-prices-fall-amid-shrinking-prospects-for-us-biodiesel-consumption.md) | -4.6% | +3.7% |
| PALMOIL | 2025-01-16 | [Clean Fuel Production Credit excludes producers from using used cooking oil  - Indiana Corn and Soy](https://feedsoft.ai/events/26610-clean-fuel-production-credit-excludes-producers-from-using-used-cooking-oil.md) | -0.3% | +4.2% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/8054-u-s-proposes-biodiesel-tax-credit-for-producers

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