How Can Farmers Profit From 45Z? | The Granary

00:00:00 45 z legislation, regulation and tax policy that can help you as a farmer make money. It's a very important thing, 00:00:07 especially in the tighter farm economy. This is a topic that I've been wanting to cover for a long time, and we're gonna do it right here from the 00:00:13 floor of commodity classics San Antonio 2026. You ready for a conversation with some real farmers about real 00:00:19 Issues? And the best part? You are invited. Pour Yourself a drink, Grab a snack. Most importantly, pull up a chair. Welcome 00:00:30 To the Grainery. Hey guys, I am in the extreme Ag booth giving you a bonus version of the Grainery. 00:00:44 As you know, this normally comes from my farm de La Rosa Farms in Huntington, Indiana. 00:00:47 We decided to pack up the table and bring it to San Antonio, and we're bringing a topic to you as well 00:00:51 as a live audience right here on the floor. And we're going to make this as informative as possible because we want you to profit. 00:00:57 As it turns out, we might be in margins that are basically break even on your grain crop. But what if you can then get more margin 00:01:04 by benefiting from these programs? I'm surrounded with an all star panel on this topic about biofuels and profiting from it. 00:01:11 Mike Busing right here, company called Regenerative Roots. He's an ag retailer in Iowa. 00:01:15 He also has a farm background and his business moving forward and already has been, is signing up acres. 00:01:21 If you are a farming operator and you say, I wanna get my acres signed up, you can't go directly to the, uh, the company. 00:01:28 You're gonna do this through an assembler, if you will. That's what he does. Kelly Garrett, one of an Iowa farmer and a founder of Extreme Ag, one 00:01:36 of the very first people to get on this. Four and a half years ago, almost five years ago, I picked up the Wall Street Journal 00:01:42 and I saw a cover story about a farmer in Iowa who was profiting off of carbon programs. I called him up, looked him up, 00:01:48 or he says Facebook stalked him and said, Hey, you know what? I've been hearing about Indigo for a long, long time. 00:01:54 I've been hearing about these programs for a long time, but you know what? I don't know any farm that's actually making money on it. 00:01:58 And that's how this connection develops. We're joined then also with Kurt Varrick. Kurt Varrick is with Clean Fuels Alliance America. 00:02:06 As it turns out, they have a booth here, it's come out of the classic. And so we have him for the regulation, the legislation, 00:02:12 and the timetable, the Washington expertise or, uh, shall I say, connection. So Kurt Covar, Kelly Garrett, Mike Busing me, 00:02:19 Damian Mason coming at you from Commodity Classic. You heard everything I had to say there. I think we start with you. This has been talked about 00:02:26 for a while, and it's got a lot of ambiguity. There's a bit of confusion. These farmers are out here. They're a little bit, let's face it, stressed 00:02:33 because we're in a real break even, or even worse than break even situation. This has the promise, it holds the promise for a chance 00:02:40 to have an alternative revenue source. So give us timetable, uh, uh, background, and then obviously we'll talk about moving forward. 00:02:47 Yeah, sure. Appreciate that. Um, I'm gonna give you a little bit of history here. So if you look back since 2005, 00:02:53 there's been a blender's tax credit available for biomass based diesel. It was a, it was available to the blending of, 00:02:59 of the fuel in 2022 when the Democrats had control of the full government. They, when they passed the Inflation reduction Act, 00:03:05 they created for the first time ever, a technology neutral clean fuel tax policy. 00:03:11 We call it 45 Z. It's named after the section of the tax code. It's called the Clean Fuel Production Credit 00:03:17 Technology Neutral. It's available to all fuels and all feed stocks. The credit value is based on the carbon intensity 00:03:24 of the fuel as compared to the baseline petroleum. So it was enacted in 2022. Uh, the Biden administration left town, 00:03:31 essentially January 10th, 2025 was the only time that they provided any guidance as to 00:03:37 how this tax credit was going to work. Uh, it really didn't help the industry much in, in terms of, uh, determining how to claim the credit. 00:03:44 Then in, in, uh, the summer of 2025, Congress passed the one big beautiful bill that both enhanced, uh, 45 Z and extended it. 00:03:52 So when all of the other clean energy credits were under pressure to be, uh, phased out early or terminated, uh, 00:03:58 because we had the support of the ag industry and the biofuels industry, we actually were able to extend that clean, uh, fuels production cred credit 00:04:06 for two additional years through 2029. And when I say enhancement, we were able to eliminate what's called indirect land use penalties 00:04:14 that are applied to US farm production, uh, penalizing a US farmer for activity that's taking place in Brazil or Argentina 00:04:21 or somewhere else around the, on the, around the globe. It had the benefit of in, IM improving and increasing the value of that credit. 00:04:27 But at the end of the day, where we are right now, uh, treasury just issued guidance on, uh, early February, proposed guidance. 00:04:35 That goes a long way to addressing all of the questions that we had with this tax credit of how it was going to work, uh, what the value is going to be. 00:04:42 It's all based on carbon intensity, which is the complexity to this Argon National Laboratory under the Department 00:04:49 of Energy has what they call the GREET model that scores all of the processes, the inputs, 00:04:54 the in the direct indirect emissions. Um, what we're hoping for, they did not finalize is USDA has been working on the regen 00:05:01 ag component of this. They propose regulations, they took comments. They have not finalized it. 00:05:06 This treasury proposal, what it does is very importantly, signals when USDA finishes their work, 00:05:11 it's gonna feed into the greet model, and farmers are gonna get credit for the on-farm practices that they're doing to reduce the carbon intensity 00:05:20 of the feedstock. It's important to tell the viewer of this, we are recording on February 26th, 2026. 00:05:27 If you watch this six weeks from now, there might be some movement on this. So let's talk about, and then when we get to these guys, 00:05:33 Kurt, the movement on this Yeah, what are we talking about? Because it's still ambiguous 00:05:38 and there's a lot of questions out here. These producers need to know, what, what would you think right now? 00:05:44 Where do we go? How are we, what should we be doing to prepare right now? Yeah. Well, that's a, it's a good question. 00:05:51 Unfortunately, there's not a great deal of clarity to it. I can tell you the timeline of when we expect to see, uh, 00:05:58 finality on a couple of these things. So, uh, the pro, pro pros regs came out early February, I think it was February 6th for 60 day comment period. 00:06:06 So that closes on April 6th, uh, USDA, you know, they may take another month or two or three to finish their work on, uh, the regen Ag. 00:06:16 When that's finished, that'll feed then into Department of Energy's Argonne greet model, which will then update the carbon intensity scores 00:06:24 for our producers, uh, in order to calculate that credit, we'll, at that point in time, look through the dataset, 00:06:31 put in their inputs, and it will hopefully incorporate what's happening on the farm so that at the end of the day, the feedstock that feeds into one 00:06:39 of my biodiesel producer members, they're gonna get a higher credit value for the fuel based on the carbon intensity, 00:06:45 and that will incorporate the practices on the farm. So the theory is that the farmer will indirectly benefit from a higher value 00:06:53 of that commodity because it's got a lower carbon intensity score and adds more value to the biodiesel producer 00:06:59 through the 45 Z clean fuel production credit. Got it. So, timing, comment, period closes April 6th. They may finalize this sometime late summer, 00:07:09 early fall at treasury, but I think we'll see the, the finalization of the, of the concept from USDA earlier than that, 00:07:16 and incorporation agreed by probably this summer. Okay? Now here's the thing. If it's not done until summer, 00:07:21 and I'm selling corn to the ethanol plant today, uh, delivery on April 1st, whatever that should be, it's not retroactive. 00:07:28 I'm not getting any money back for what I sold them, uh, a month or three months or six months ago. 00:07:33 Well, interesting component to this, which is uncommon in, in treasury guidance. They actually said that when USDA finishes their work 00:07:41 and incorporates, incorporates into the greet model, they're gonna apply it to activity that took place in 2025. Now, I don't know exactly how that's gonna work. 00:07:49 Uh, that's, I think the marketplace to kind of shake that out, or these fellas here are gonna help the farmers understand that, and the biofuel producers understand 00:07:56 exactly how that's gonna work. All right, let's kick the ball over here to Kelly. Um, and, and again, I've got a lot of questions, 00:08:01 I'm sure our audience does as well, but remember, we're playing to our TV crowd right now. What are you doing? Because, I mean, 00:08:07 you've gotta do everything you can anyway to do farming the right way. But then you've got this thing hanging out here 00:08:12 that could really be a nice bonus, not just a cherry on the top. This could be for a larger scale farmer, 00:08:18 hundreds of thousands of dollars. It, it could, uh, you know, the, the, it's 2 cents a gallon per point, and that translates to five 00:08:26 and a half cents per bushel with the accepted science of 2.75 gallons per bushel. And you know, the average CI score 00:08:32 of corn in the United States is 29. And so if you can lower your, uh, you lower your score to, if you're averaging can lower your score to 19, 00:08:41 that's 55 cents a bushel that the ethanol plant is receiving 55. You know, it's five and a half cents a point. 00:08:48 So the lower you can make your score, the bigger the bonus you're gonna get. But again, with the lack of clarification, we don't know. 00:08:54 We don't know what portion the farmer's gonna get is the, is the problem or what we're waiting for, you know, uh, 00:09:00 with the practices that we're having on the farm and things like that. I would say what a farmer needs 00:09:04 to do right now is educate yourself on what your CI score is. I wouldn't spend money to get it yet, 00:09:09 but there's free calculators out there to get a general idea. So get a general idea what your score is 00:09:14 and get a general idea of the changes you need to make on your farm to improve your score. And the person that's sitting here watching it on, uh, 00:09:21 on our video or here live is saying ci, carbon intensity score. And they're saying, I don't even know what mine is. 00:09:27 Who does that? How do I get that? Uh, Arva has a programs, BASF has programs. I think John Deere has a program. 00:09:34 Iowa State has a program. Am I in bed with them? Once I do that, Kelly, if I go and say, I just want my carbon intensity score, 00:09:40 is it like getting my my credit score? Once I get it, then I can do whatever I Want with it. No, these are all 00:09:45 free calculators that you can use. At some point when the program comes out, I believe you will have to get in bed with somebody 00:09:51 and you'll have to pay to be certified field by field. But what I'm talking about is a general idea of just your general farming practices 00:10:00 and, and getting an idea. You know, like I, I've gone through the calculator and I know what my on-farm average is roughly, 00:10:06 but I don't know field by field yet. Different fields are gonna have different scores. Okay, Mike busing, what are you counseling? 00:10:12 You're in Iowa, but it doesn't matter. You, you work with clientele in different areas, Indiana, wherever they grow corn presumably, or soy, 00:10:18 what are you telling people right now? They call you and they say, I want to do this. What do you do? Tell, gimme some steps. 00:10:24 All right, so the first thing, well, yeah, uh, go to extreme Ag Farm and there's a, there's a, there's a link there 00:10:34 that you can click on, give sign up, give us all your information, name farm, how many acres where you're at, because how I see this going 00:10:43 with 45 Z is the ethanol plants are going to have to pair with a third party data verifier, so to speak. 00:10:52 And so we, our, our firm has paired with a, uh, national sustainability company. And what, what we need to do is 00:11:02 when they get this thing online, we can go direct to our database and we say, okay, these growers are in this area of this plant, 00:11:10 and then we can reach out to you. Okay? So the big thing here is there's the, the ethanol company, uh, you know, plant, 00:11:17 and then between them and the farmer is arva and explain what arva using. Your example is there are a number of them, explain 00:11:26 what they do and then kind of go through the integration, if you will. Yeah. So arva Arva is basically the, 00:11:31 the technology platform, right? They're the ones that are gonna calculate CI and get it into a form that the ethanol plant needs 00:11:38 to achieve that tax credit. Okay. So, um, and, and why you, you've gotta have a third party verifier is it all goes back to tax code. 00:11:48 So we can't just have farmers just bringing in a Cis it not just U sda, it's not like the elevator and the US Department of Agriculture. 00:11:55 Now you're talking about the IRS and, and the, the, the provider of the, I guess the, the service, the arva of the, if you will, 00:12:04 Y Yeah, yeah, you're absolutely correct. Okay. So the people that are watching, or that are here right now, what they need 00:12:09 to do is understand their carbon intensity score first. Secondly, they can't go to arva. No, they gotta go to somebody like you 00:12:17 that is the assembler, if you will, of Okay. They need, they need 300,000 acres in northern Indiana, right? 00:12:25 Yep. And they say we need 300,000 acres in northern Indiana that have this amount of carbon intensity. 00:12:31 And they give you the parameters. Uh, yeah. So we're gonna, we're gonna work direct with the farmer. 00:12:36 So think of us as the easy button for the farmer. So what we historically do is we pair farmers with sustainability programs all across the nation. 00:12:44 So we hold the farmer's hand, we gather all the necessary data, import field boundaries, all of that. 00:12:51 We do all the back and forth with the farmer, um, and, and, and arva or, or, or whoever it may be. 00:12:59 Um, and, and to make it easy for the farmer, right? Okay. You guys are, So they sign up with, they sign up with you not knowing 00:13:06 for sure if they're gonna get sold into these potential plans? Or is that, where do we see, 00:13:10 how does the, the structure work It? Yeah, so basically when you sign up with us, you're just getting into our database. 00:13:17 So we're not, we're not tying you to anything right now. Right? Um, basically just you're, you're on a list 00:13:23 and you're prepared, you're ready. So a lot of these things, we're waiting on the government, but when, when they say it's time to go, we're going to have 00:13:32 to go in a rapid fashion. Yeah. So Kurt, back to you. This is great. There's gonna be a tax credit program for ethanol producers. 00:13:41 Ethanol biodiesel, Ethanol biodiesel. That's right. Soy, soy biodiesel. That's right. Biodiesel. I was just fan. All biofuels. 00:13:50 Why would they give that money? They have a tax credit, like you said, a DM one of the B bunge, archer million, Bunge, Cargill, dreyfuss, any 00:13:58 of the four big, why don't they just keep it? Why would they money come back to any of these guys? Or you go to that first? Yeah, go ahead. 00:14:05 Tell me, tell me why. If I get, if I get a couple hundred million, if I get a hundred million dollars of tax credit, uh, 00:14:11 through the tax pro proposal of 45 Z, why am I incentivized to give it to Kelly Garrett? They, they can't get it. 00:14:17 The ethanol plant cannot get it without our traceability. The ethanol plant right now has to use the department 00:14:24 of the government's average, which is 29.1. And unless they have the traceability of our bushels, they cannot lower their score. 00:14:32 The average, the average score ethanol was, uh, 53 in the United States, I believe. And they've got, it's 2 cents is 53, right? Yeah. 00:14:40 They've got, they've gotta, they've gotta get below 50 the ethanol plant, to get this tax credit, it's 2 cents a gallon per point for every point below 50. 00:14:49 And the national average is 53. The national average on corn is 29 for an ethanol plant to lower their score, they need our scores, because 00:14:57 otherwise they're just using the government average. So the ethanol plant very much needs to be partners with farmers if they want 00:15:03 to get their, if they want to get this It. Yeah. And I think, I think some plants, we'll see 00:15:08 how this pays out, but I think depending on the plant, you're gonna see a different, um, you know, payment back to the farmer, right? 00:15:17 Because some plants are more efficient than others. So we'll see how that plays out as well. I, I, I think I would just add, um, you know, 00:15:24 it's gonna be in the, the fuel producer's interest to maximize the credit value, right? And in order to do that, they're gonna have to demonstrate 00:15:31 that they're getting value out of the, on-farm practices. Well, they not, the farmer isn't gonna take those extra 00:15:37 steps if they're not being rewarded by whoever is buying their feedstock. So I think there's gonna have to be a natural, uh, 00:15:44 trickle down effect that occurs otherwise, a farmer's not going to, to take that risk and add that additional capital to, 00:15:52 to undertake these conservation practices if they're not being rewarded by the, the biofuel producer. 00:15:58 One, one thing to add on that, the, the reason I like 45 Z is in, in a, in a traditional sustainability program, going back 00:16:05 to carbon credits or whatever, you had to make a change to do whatever, 45 z, it's great for all farmers, you know, because you're, you're going to be scored based upon 00:16:16 what you're doing today. Now there's ways to improve your score, you know, to, to lower your CI score. 00:16:22 But this is a, everybody can play a thing. Okay. That's the other thing I was gonna do. What do you think is gonna be incumbent upon the farmer? 00:16:30 The person who's standing out here says, I've already got my CI score. My friend John over here from, uh, 00:16:34 Indiana, very progressive. Like all of us Indiana producers are, I think I speak for all Indiana producer. 00:16:38 I say that very progressive forward thinking, you know, definitely top of the curve, uh, front, front end anyway. He's already got this kind of figured 00:16:45 out, but other folks don't. Maybe they need to know, what do I do? What's incumbent upon me to, 00:16:50 besides I get the score now, how do I make it so I can make money? What do I gotta do? Am I, do I have to go out here 00:16:55 and start hugging trees and, uh, you know, wearing Birkenstocks? No, I don't think so. We, you know, no till cover crops, 00:17:03 uh, you know, alternative forms of fertilizer, you need to play with that calculators, the, the calculators 00:17:09 that we mentioned and put your, put in your score or figure out your score and then change some of the practices on that calculator 00:17:16 and see how it changes your score. So If I put in cover crops, I do my reduced tillage, strip tillage, uh, those kind of things. 00:17:23 Who monitors this? The government. So It's all, it's all based upon the Greek model. Yeah, But I'm saying there's already, I'm, I'm, I mean, 00:17:33 there's gonna be a great deal of skepticism. Does that mean that I'm getting flyovers? Am I gonna get, you know, 00:17:37 who's really monitoring, I guess is one of our questions. Well, you know, and we 00:17:41 as farmers don't wanna be monitored, but like, let's, let's look at what's possible here. If you lower your score from a 29.1 down to a zero, 00:17:48 you're talking a dollar 60 a bushel credit to the ethanol plant. If, and we don't know, we still don't know 00:17:53 what the ethanol plants are gonna give us, but if they give us half, you're talking 80 cents. 80 cents, that's $160 an acre on 200 bushel corn. Yeah. 00:18:01 I have no idea. What if they give us 50 cents? Yeah, right. You know what I mean? I mean, it, there's a hundred dollars 00:18:06 an acre on a 200 bushel. Let's talk about money. Where Do you see this? Yeah, there's probably gonna 00:18:09 be some monitoring and there should be for that kind of Money. Where you gone, Mr. Busing? Um, I, once again, we're, 00:18:15 we're relying on the government on this. Um, but I think there's, there, there will be some legs on this. 00:18:19 Yeah. Um, and, and back real quick on, on who's monitoring this, that's why we've gotta have third party verifiers, right? 00:18:27 And so farmers are probably going to have to, if you say, use a nitrogen stabilizer, we may have to have a, 00:18:33 an invoice for that, right? And That's where your, your company. Yeah, yeah. So that's, You're gonna then show the paper 00:18:37 trail that says, I've got the invoice and I did this. You're, you're absolutely correct. So not, not to go backwards, but, 00:18:43 And I was gonna ask on how much money you said, you know, what, if it is, what if it is 50 cents a bushel or, 00:18:48 or 30 cents a bushel or 25 cents A bushel? I believe, I believe there's potential for that. 00:18:52 If you can get your score to a zero, You get asked a lot of questions. What thing is it that you think is most misunderstood 00:18:59 that you can Kurt Covar with Clean Fuels Alliance America give the ray of sunshine right now? 00:19:06 Well, I think, uh, the, the biggest piece of optimism that we have right now is the fact that it was extended through 2029 by Congress. 00:19:13 So there's some degree of longevity to it or, or certainty to it. Um, it's got strong buy-in. 00:19:18 It was created by Democrats in 2022. It was extended by purley Republican partisan. So You're feeling good about the bipartisan aspect of it, 00:19:27 And it's got buy-in from all the, all the feed stocks and all the fuels. Whereas before we had the, 00:19:32 the biodiesel blenders tax credit, which was great for biodiesel producers, ethanol lost their tax credit in 2012. 00:19:37 So you have all of, kind of, all the stakeholders at the table. So Do you see it being beneficial on an equal level 00:19:43 to both corn and soy? Well, I think a lot of that's gonna shake out probably with what USDA does in terms of the, the, the ability 00:19:51 for each of those two crops to lower their CI and capture more value. We Have almost 200 00:19:55 ethanol plants in the United States of America. We don't have that many biodiesel plants, so it should probably end up being more beneficial 00:20:00 to ethanol just based on infrastructure, I think. Yeah, and I think, you know, one, one bit of caution that I would say is, uh, it will have to be renewed a 00:20:09 after 2029. And one thing government looks at is, well, what's our track record? What, what, what has the cost been 00:20:16 to the federal treasury of this program? So, you know, this was put together by a lot of scientists and hill staffers and, and folks with input from USDA. 00:20:25 You know, you think you have a good idea of, of what the credit value is gonna be and what the on-farm modifications are gonna lead to. 00:20:32 You know, if that goes significantly larger than maybe we thought it was, that, that could have a negative consequence 00:20:38 for Congress when they're coming around to renewing this. Obviously you're on the side 00:20:41 of being in Washington dc we have tremendous backing from industry. That's why you've got a job out there. 00:20:46 You're out here making sure this happens. You've got, is there any pessimism on your part? Be honest. Well, I'll say this, the, the policy was crafted by folks 00:20:58 who don't love crop based biofuels, right? The first folks who put it into place in 2022. It's the reason they got away from, uh, 00:21:09 fuel specific tax credits and focused it on carbon intensity so that they get the largest benefit in terms of carbon. 00:21:16 Um, you know, every time the government switches back, their motivation may be, you know, we, we got some improvements. 00:21:21 Like I mentioned, the, the elimination of I luck, the indirect land use penalty that may come back. If, if Democrats are back in power, 00:21:28 they may say, Hey, wait a minute. That's critically important to us to making sure that we're not causing harm around the globe. 00:21:34 Now we, we strongly disagree with that theory, right? But that's, that's the threat is, you know, is it achieving the results that the folks want? 00:21:40 If it's not, you know, how would they plan to tinker with the program to get those results? Because right now we're good to 2029, 00:21:45 but here we are, 2026. I mean, this is not, this is not, you're not setting up your next generation on this 00:21:50 based on, on this right now. But, but also, renewable fuel standard came in in 2004 and here we're 22 years later. Renewable 00:21:57 Fuel standard was basically put on autopilot when it was created. It didn't have an end date. 00:22:01 Tax policies always have an end if they're not, unless they're permanent, right? They have an end date. So it means that we're gonna have 00:22:06 to go up to the hill probably pretty soon and start advocating for an extension. Where do you see things going? I mean, 00:22:14 because we're gonna wrap this show and we're gonna hear the questions from the live audience, I just, I think that there's a lot of optimism, 00:22:18 but there's, there's still just, here we are, There's a tremendous amount of optimism. I'm very excited, but I'd really like to see 00:22:26 what portion is the ethanol plant gonna give the farmers that, that's where I'm interested. 00:22:30 What part, what part's gonna be passed on here? And the other part that a lot of folks are probably wondering, well, 00:22:35 why is it an ethanol plant needle that made tax credits? And not to get too into derivatives 00:22:39 and Wall Street lingo here, we made that tax credit, the government made that tax credit marketable. So in other words, if you have $100 million of tax credits, 00:22:48 they could sell it, Kurt, for $92 million. If they have a hundred million dollars of tax credit, they can just sell it for $92 million 00:22:57 as actually a marketable piece of paper. That that's right. To someone that needs it, that owes a bunch of taxes and wants that credit. 00:23:03 Critically important in the, in the legislation was the ability to transfer the tech tax credit transferability is what we call it. 00:23:08 So you're exactly right. A lot of about plans don't have the tax liability to monetize or capture the value. 00:23:14 So right now, uh, Because they could sell it to Tesla because Tesla owes a bunch of taxes and all a sudden buys tax credit 00:23:21 and he buys, he buys at a discount, and then obviously that's, he profits from that Go, Mike. And, and I think that's the, 00:23:26 that's the wild thing about this, and I think that you're gonna see variability across the nation between different plants. 00:23:33 How hungry, how hungry is your plant to achieve the tax credit, right? If, if, if So, as it becomes a little bit like basis, 00:23:39 it becomes a little bit like, yeah, I don't, I don't need soybeans right now, so I'm not paying nothing for 'em, but I need, yeah, 00:23:44 Maybe you've got a, you've got a poet plant that's, that's really close to achieving the tax credit already, and maybe they can make some plant efficiencies 00:23:51 and use a little bit of low ci grain to achieve the tax credit. So they're probably not going to pay a large portion 00:23:57 to the farmer because they're very close. Right. If you've got another plant that is, you know, not, not very, uh, close to achieving the tax credit at all, 00:24:07 they may hustle their tail off and pay a pile of money to the farmer because there's a greater benefit there for 'em. Got it. 00:24:13 All right. So last thought to the person that's viewing is watching this video. Granted we record this on February 26th, 00:24:18 get your carbon intensity score, figure it out, get in line to do this and figure out what you're gonna do. 00:24:22 Then probably find a market. Anything else? No, that's exactly right. Get a general idea of what your score is, get a general idea 00:24:29 of what it would take to lower your score if you'd like to, and then just, you know, and maybe get 00:24:33 The database for somebody like this. Yes. It doesn't have to be your company. There are companies, there are companies that are coming up 00:24:38 to do exactly what he's talking about, handle the paperwork and getting the, the database of Farm Acres signed up 00:24:44 that then when it's a go, you said the green light's gonna come and it's gonna be like a drag race. 00:24:48 It, that's the way it always is with this sustainability stuff. I mean, we're, we're always behind the eight ball, 00:24:53 so be prepared Farmers, some of some of them are fantastic at keeping records. Yep. Some of them are not. Great. Yeah. 00:25:01 Start to get your stuff in order. Got it. His name's Mike Busing. He is with, uh, renewable Roots. 00:25:08 And you can sign up if you want to at Extreme Ag Farm. Kelly Garrett, founder of Extreme Ag, go to Extreme Ag Farm if you wanna get signed up 00:25:14 and you can at least start getting in the database. Do get your carbon intensity score figured out. Maybe you've already done that. If you're like my friend 00:25:19 over here, John, very progressive, those Indiana people. Also, his name's Kurt Varrick 00:25:23 with Clean Fuels Alliance America. If you wanna learn more from their angle, I assume we can find Clean Fuels Alliance America Online. 00:25:29 Alright. Thanks for tuning in this episode, the Grainery, and we very much appreciate you joining us here from the 00:25:34 Commodity Classic at the Extreme Ag Booth. Share this with somebody that can benefit from it. And remember, there's so much library 00:25:40 of information@theextremeag.farm, also on our YouTube channel, on Twitter, on Facebook. Check out Extreme Ag. I'm Dam Mason. 00:25:46 Thank you for joining us. Now we're gonna take questions from our live audience. 00:25:49.195 --> 00:25:51.175