Policy Report: Federal policy on biofuels can make or break U.S. grain markets, so farmers need to keep a watchful eye on Washington, D.C.
While the outlook for U.S. agriculture and many commodity markets has softened over the past two years, there is hope on the horizon among some market watchers for biofuels to drive a new demand surge for agriculture.
Increased usage and prospects for renewable fuels, particularly renewable diesel and sustainable aviation fuel, could help propel the ag economy forward.
Recent agricultural baseline projections from the Food and Agricultural Policy Research Institute (FAPRI) document the growth in biofuels over the past 20 years to a point where corn usage for ethanol rivals feed use, and soybean oil use for biodiesel or renewable diesel rivals food usage.
While the outlook for U.S. agriculture and many commodity markets has softened over the past two years, there is hope on the horizon among some market watchers for biofuels to drive a new demand surge for agriculture.
Increased usage and prospects for renewable fuels, particularly renewable diesel and sustainable aviation fuel, could help propel the ag economy forward.
Recent agricultural baseline projections from the Food and Agricultural Policy Research Institute (FAPRI) document the growth in biofuels over the past 20 years to a point where corn usage for ethanol rivals feed use, and soybean oil use for biodiesel or renewable diesel rivals food usage.
