On May 5 President Obama asked USDA to expedite, within 30 days, the biofuels provisions of the energy title of the 2008 Farm Bill. Agriculture Secretary Tom Vilsack announced Monday that USDA has met the President's challenge to help produce more energy from homegrown, renewable sources.
Among the provisions to support the biofuels industry requested by the President are loan guarantees for biorefineries; assistance for biorefineries replacing fossil fuels; encourage production of next-generation biofuels; Rural Energy for America program; and biomass crop assistance program.
"Further developing the biofuels industry helps create jobs and stimulates rural economies, an important part of getting our economy back on track," said Vilsack. "President Obama and I are committed to advancing clean and renewable energy as it creates jobs domestically and boosts tax revenues at all levels of government."
USDA Meets Obama's Biofuels Directive
Programs will provide critical support to nation's biofuels industry.
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