On October 21, 2010, the U.S. Department of Agriculture (USDA) announced the release of the final rule for the Biomass Crop Assistance Program (“BCAP”). Created by the 2008 Farm Bill, BCAP provides two incentive programs to increase biomass fuel supply nationwide. One component of BCAP provides matching payments of $1 per ton of eligible fuel (up to $45/ton) to qualified biomass fuel harvesting, collecting, handling, and or storage entities. The new BCAP amends previous requirements relating to relationships between the buyer and seller and simply requires that all eligible material be purchased at fair market prices, regardless of the parties’… Read more