Today the Iowa Renewable Fuels Association (IRFA) announced a statewide program for farmers to earn cash for choosing to power their operation with biodiesel.
Iowa farmers can earn 50¢ per gallon of B20 and 25¢ per gallon of B11 purchased for on-farm use up to a maximum of $500.
B20 is a fuel blend made of 80% petroleum diesel and 20% biodiesel. B11 contains 11% biodiesel.
“Biodiesel adds value to soybean oil, corn oil, and animal fats,” says IRFA Marketing Director, Lisa Coffelt. “So when farmers use biodiesel, not only are they helping the environment, they are also supporting their own bottom line.”
Coffelt says IRFA hopes to sponsor up to 50 farmers the first year and expand the program in the future. Farmers looking to participate must apply online and provide receipt proof of their fuel purchase. Awards will be given on a first-come, first-served basis.
The program was inspired by a similar program sponsored by the Nebraska Soybean Board. However, Coffelt says the Iowa program is “upping the anti” by incentivizing the use of higher biofuel blends like B20.
Earlier this year IRFA sponsored a campaign to highlight John Deere and Case IH approvals of biodiesel blends for their machinery. Coffelt hopes this new program will create even more awareness among farmers.
“We hope this is a good opportunity for those farmers who haven’t tried biodiesel to give it a shot,” she says.
To learn more visit the Iowa Renewable Fuels Association website.
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