NMPF Backs Bipartisan Environmental Mitigation Bill
August 5, 2019
NMPF has endorsed the bipartisan Agriculture Environmental Stewardship Act (H.R. 3744), reintroduced July 12 in the House by Representatives Ron Kind (D-WI) and Tom Reed (R-NY), both members of the tax-writing House Ways and Means Committee.
NMPF has worked in partnership with the bill sponsors and the American Biogas Council to craft this proposal, which makes nutrient recovery and biogas systems eligible for a Section 48 Investment Tax Credit to cover 30 percent of the upfront capital costs of installing the technologies.
“This measure recognizes the value that biogas systems can have for dairy producers of all sizes as they continuously improve their sustainability nationwide,” said Jim Mulhern, president and CEO of NMPF. “The creation of this new investment tax credit would also address the value of nutrient recovery technologies, which can transform manure into fertilizer for crops and bedding for cows. These technologies are important, but expensive. If passed, this bill will help farmers incorporate these new technologies into their operations, for the benefit of everyone.”
The bill would enable dairy farmers to increase their investment in technologies that help recover and recycle nutrients from animal waste, in turn improving water quality in communities.