Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   
   
   

Agricultural News


Wind Industry Nervous Over State Legislature's Flirtations with Retroactive Cuts to Existing Incentives

Thu, 22 Mar 2018 17:16:21 CDT

Wind Industry Nervous Over State Legislature's Flirtations with Retroactive Cuts to Existing Incentives As the Oklahoma Legislature continues its search for dollars to fill holes within the state budget still left unbalanced, Mark Yates of the Oklahoma Wind Coalition is keeping a close eye on the legislation being proposed this session. Thus far, he says there has already been several concerning proposals made at the State Capital that threaten to break promises made years ago to the wind industry. Yates sat down this week with Radio Oklahoma Ag Network Farm Director Ron Hays to explain what he sees happening. Listen to their complete conversation by clicking or tapping the LISTEN BAR below at the bottom of the page.


“I think it’s important to note that the wind industry is the only industry out there today that has ended their incentive programs,” he said. “So, now everything we’re talking about at the capital is retroactive treatment. Basically, going back on the promise that Oklahoma has made to investors and retroactively trying to claw back existing incentives that have already been granted.”


Just this week, Yates points out that both HB 3710 and 3711 passed through the House’s Joint Appropriations Committee and are now being heard by the Senate’s Appropriation Committee. He says both bills would be detrimental to the industry and the rural communities they support. HB 3710 for example, if passed, would place a $35 million cap on existing zero emission tax credits on the wind industry.


“These are very concerning not just for existing projects but really for Oklahoma’s business reputation,” Yates remarked.


He asserts that by negating incentives at this point would jeopardize some projects to the point of bankruptcy and furthermore, might trigger a domino effect in the rural economy where wind investments have been made. To date, the wind industry is active across 26 Oklahoma counties and through its investment in those communities, schools and private lease holders have benefitted substantially from the revenue that has spurred development and economic growth in these areas.




   




   

Ron Hays and Mark Yates discuss proposed legislation at the state capital threatening wind energy
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Allendale Predicts Largest September Placements in Seven Years for Upcoming On Feed Report  Tue, 16 Oct 2018 15:58:55 CDT
  • Texas A&M Scientist Given Rare Approval to Pursue New Discovery to Feed Millions, Boost Earnings  Tue, 16 Oct 2018 15:43:18 CDT
  • Farm Bureau Commemorates World Food Day with Salute to Farmers from President Zippy Duvall  Tue, 16 Oct 2018 15:31:59 CDT
  • Steer and Heifer Calves Trade Mostly Steady on Limited Offerings Tuesday at OKC West Livestock  Tue, 16 Oct 2018 15:09:40 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Tuesday, October 16, 2018  Tue, 16 Oct 2018 15:06:54 CDT
  • Tuesday Market Wrap-Up with Justin Lewis  Tue, 16 Oct 2018 14:58:30 CDT
  • Tuesday Afternoon Market Wrap-Up with Carson Horn  Tue, 16 Oct 2018 14:19:08 CDT
  • Schulte Skeptical of USDA's Latest Outlook on OKs Wheat Crop, Pegs Numbers as Slightly Optimistic  Tue, 16 Oct 2018 12:45:48 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.