en.Wedoany.com Reported - Iowa Governor Kim Reynolds has signed a bill eliminating the state excise tax on high-blend ethanol fuel used in agricultural equipment.

Under Senate Bill 2493, the state excise tax is waived when the ethanol content of fuel used in agricultural equipment exceeds 85% by volume. Reynolds stated at a signing ceremony at the State Capitol on Monday that the law highlights the potential of high-blend renewable fuels in agricultural equipment, referencing John Deere's E98 ethanol prototype 8R tractor. Deanna Kovar, President of John Deere's Agriculture and Turf Division, said the prototype has 350 horsepower and, when using E98, its torque curve shows performance similar to diesel, without the need for diesel exhaust fluid. She noted that farmers she has spoken with are asking about the tractor's market availability.

Lance Lillibridge, an eastern Iowa farmer, has been selected to test the E98 tractor on his own farm. He stated that the ethanol tractor outperforms diesel in terms towing capacity, efficiency, and operating costs, with lower expenses per gallon of fuel. He believes that eliminating the excise tax on high-blend ethanol fuel for agricultural equipment improves the economics for growers considering purchasing these machines.

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