Course: BFM 101 Biofuels Fundamentals

Breadcrumb Navigation

Reading »

Reading

Federal & State Incentive Programs

Conclusions
Conclusions

Emerging biomass markets represent a new opportunity for farmers. However, they need to carefully determine their total costs of production, transportation/storage expenses, and possible quality discounts to ensure their local market opportunity is indeed profitable and viable over the long term.

There are incentives and government assistance available for the collection, harvest, storage and transportation and crop establishment in the form of annual payments to help bridge the gap in cash flow during the establishment window for eligible crops. Consult your local Farm Service Agency office for details about eligibility and assistance.

Sample budgets and resources regarding the cost of production are available in this unit. Production and financial management strategies vary from farm to farm, and these budgets and spreadsheets can be customized accordingly.

Resources provided by the eXtension Farm Energy Community of Practice at http://www.extension.org/ag+energy

Federal & State Incentive Programs