AreaUnited States of America
Commodity GroupOilseeds, oils and meals
CommoditySoybeans
Date01/10/2014
Policy CategoryConsumption and marketing
Policy InstrumentMarket regulation
DescriptionTemporarily allowed, in Iowa State, circulation of overweight truckloads of certain products (including soybeans), in an effort to reduce pressure on the states over-burdened river freight system.
NotesReportedly, Iowa state, the countrys leading producer of biodiesel, is planning to introduce a biodiesel producer incentive to remain competitive with surrounding states and to shelter the states industry from the impact of uncertainty over the federal renewable fuel standard and other federal measures. Under the new legislation, the first 25 million gallons (84 000 metric tonnes) of biodiesel produced in any single plant would be eligible for a 2-cent-per-gallon refundable tax credit. Reportedly, policies in place in other states include an exemption from sales tax in Illinois, a production incentive in Missouri, and a B5 mandatory blending requirement in Minnesota.
