The Soy Transportation Coalition is pleased that funding provisions for infrastructure were contained in the Consolidated Appropriations bill passed and signed into law at the end of 2020. STC Executive Director Mike Steenhoek says that funding will be very helpful for getting ag commodities out to export markets.

He says the legislation changed the cost share from 50-50 federal to 65-35 federal which will lead to more completion of inland waterway projects.

Steenhoek says in addition to providing funding for inland waterways the Approps bill also enhanced a tax cut for railroads.

He says by 2023 that credit goes to 40 percent and stays that way into the future.