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First introduced in the Farm Security and Rural Investment Act of 2002, the Farm Bill’s energy title programs support investment in and adoption of renewable energy, renewable chemicals and energy efficiency technologies through research, consumer education, market development programs, and financial grants and loan guarantees.
Rather than provide long-term certainty to the advanced and cellulosic biofuels industry, Congress has extended tax credits for the industry on a year-to-year basis. As a result, few companies make efficient use of these tax credits because they cannot predict their availability at the beginning of each year.