JEFFERSON CITY, Mo. – The Missouri Soybean Association (MSA) applauds the U.S. Senate for advancing the “One, Big, Beautiful Bill,” which includes several priorities supporting soybean farmers, biofuel production and family farms across the country.
The wide-ranging legislation includes improvements to the 45Z Clean Fuel Production Credit, updated commodity reference prices, increased funding for export promotion programs, and tax provisions aimed at preserving family farms.
“This is a commonsense win for Missouri soybean growers and rural communities,” said Ryan Wilson, MSA policy chairman and a farmer from Portageville. “Our farmers are investing in sustainable, domestic production. These updates make sure those efforts stay here at home.”
The Senate’s revisions to the 45Z Clean Fuel Production Credit maintain strict language that limits eligible feedstocks to those grown and produced in North America — excluding products such as Chinese used cooking oil and South American tallow from receiving U.S. taxpayer-funded incentives. The bill also eliminates outdated penalties that have long burdened U.S. soybean farmers.
Since 2021, the U.S. soybean processing industry has invested more than $6 billion to expand domestic crush capacity and meet rising demand for soy-based biofuels. Ensuring that eligible feedstocks are grown and processed in North America protects those investments and strengthens rural economies.
Missouri ranks among the top soybean-producing states, with biofuels representing a major market for Missouri-grown soybeans. Roughly one-third of the state’s soybean crop is used to produce biodiesel, renewable diesel, and other soy-based fuels, making the integrity of federal policies like 45Z vital to farm profitability and energy security.
The legislation also includes several tax provisions aimed at supporting family farms and improving agricultural tax policy. Those provisions preserve stepped-up basis, increase the estate tax exemption, and make permanent the Section 199A Qualified Business Income deduction. The bill restores 100% bonus depreciation, expands credit access for beginning farmers, and strengthens risk management tools such as the Agriculture Risk Coverage and Price Loss Coverage programs.
“Every Missouri family farm looks to securing its future,” Wilson said. “The Senate’s action provides tools to help make that a reality while strengthening biofuel policy and supporting American agriculture.”
MSA will continue working with Missouri’s congressional delegation and national partners to advocate for these critical provisions.
MSA, alongside national partners such as the American Soybean Association (ASA), has long supported policies that exclude imported waste oils from receiving benefits intended for U.S. farmers, preserve the ability to transfer farmland to the next generation, and ensure soybean farmers can continue carrying on their farming tradition. |