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FREQUENTLY ASKED QUESTIONS . . .

 

Q.  Where can I buy Biodiesel?

A.  http://www.biodiesel.org/buyingbiodiesel/retailfuelingsites/   

Q.  Some basic biodiesel facts can be found at this link:

A.  http://www.mosoy.org/bio/facts.asp

  

Q. Is there also a Federal Tax Credit?

A. Yes. The Small Biodiesel Producer Tax Credit. H.R. 6 created a new credit for small agri-biodiesel producers equal to 10 cents per gallon on the first 15 million gallons of agri-biodiesel produced at facilities with annual capacity not exceeding 60 million gallons. Historically, small ethanol producers were allowed a similar credit. The tax credit is capped at $1.5 million per year per producer and like the small ethanol producer credit can be passed through to the farmer owners of a cooperative and the credit is allowed to be offset against the alternative minimum tax (AMT). The credit sunsets December 31, 2008.

Q. Where can I find more information about biodiesel?

A. Two especially helpful links are:    
National Biodiesel Board    

U.S. Department of Energy - Biodiesel

Q. How will Prairie Pride impact the area economy?

A. According to BBI International in the completion of the feasibility study for Prairie Pride, Inc the construction phase new household earnings will be approximately $63.36 million dollars and as many as 1,845 indirect jobs.  To date we have created approximately 65 new direct jobs.  

 

 


 

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