ABC welcomes reintroduction of Agricultural Environmental Stewardship Act
Congressmen Ron king and Tom Reed reintroduced the Act, demonstrating their continued support for the on-farm economy and the deployment of technologies that promote sustainable agriculture.
The Act, which provides a 30% investment tax credit (ITC) for qualifying biogas and nutrient recovery systems will increase agricultural viability by helping to deploy new nutrient recovery and biogas systems that recycle organic material into renewable energy and healthy soil products.
Patrick Serfass, executive director of the ABC, said: “At a time when we need to strengthen US agriculture, promote more sustainable practices, and make healthier soils, the Agricultural Stewardship Act is exactly what we need.
“The ABC is very grateful for the continued support of Congressmen Kind and Reed. We believe this bill will encourage greater investment in biogas systems and nutrient recovery technologies which will create new jobs, promote sustainable farm practices, and provide additional revenue streams for farmers.”
The introduction of the Act reflects the critical need to support economically and environmentally sustainable agricultural practices that protect waterways and enrich soils, said the ABC.
No tax incentive exists to incentivise biogas systems that produce RNG or any nutrient recovery systems. This new ITC would promote the development of biogas systems that turn their biogas into pipeline-quality RNG for sale to gas customers who want to lower their carbon footprint, fleet owners who want renewable fuel, and for renewable heat.
The tax credit would also promote the use of nutrient capture technologies, which can remove certain nutrients in a watershed that has too much phosphorous or nitrogen, to create a product that can be sold in a watershed that needs nutrients for soil health and to boost crop yields.