CARD study finds RFS beneficial overall to US ag economy

August 21, 2017

Renewable fuel plantThe Center for Agricultural and Rural Development at Iowa State University's study, "The Renewable Fuel Standard in Competitive Equilibrium: Market and Welfare Effects," concludes what farmers across the Corn Belt already knew: RFS biofuels mandates have provided price support for both corn and soybeans.

"The RFS impact on reducing carbon emission, on the other hand, turns out to be nil once we account for the leakage effect (due to the induced increase in the rest of the world's fossil fuel consumption)," the study said.

Read the article in The Progressive Farmer

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