There are many different U.S. programs encouraging the research into, production of, and use of biodiesel and renewable biodiesel. The U.S. Energy Information Agency lists seven programs, nine laws and regulations, plus 21 incentives ranging from grants to loans to tax credits. However, the Renewable Fuel Standard and California Low Carbon Fuel Standard are considered the main drivers of output. California provides a $1/gallon tax credit for renewable biodiesel (B100) and production capacity has exploded in recent years, doubling from 2021 to 2022 alone, and now exceeding the production capacity of biodiesel. Theoretically, the incentive to crush soybeans solely for the oil used in biodiesel and renewable diesel should lead to an ove...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.