Biofuels: Powering America's agricultural future
Biofuels: Powering America’s agricultural future
American farmers are the most productive in the world. Today they produce more from less than any previous generation, employing cutting-edge technologies to maximize yields on existing cropland. But success today doesn’t guarantee prosperity tomorrow. A new study released by S&P Global Energy shows that new markets for biofuels represent a uniquely powerful tool to sustain investment in America’s capacity to feed and fuel the world.
The authors lay out a compelling challenge: over the next 25 years, global populations are expected to grow at a slowing rate. Demand for staple foods and traditional fuels is projected to stabilize or decline. Yet, at the same time, modern farm practices will make every acre of cropland more productive. Without new markets, supply will outpace demand, leaving farmers in the dust.
The good news? Biofuels offer a proven solution.
Over the past 20 years, biofuel demand has supported farm incomes, kept agricultural investment strong, and helped rural America prosper. Every gallon we produce also yields valuable co-products that feed livestock, which keeps meat and dairy affordable. The result is more food and fuel than ever before.
Moving forward, the S&P Global Energy study shows what is possible if farmers are given the opportunity to expand into new markets for on- and off-road transportation, from aviation to marine fuels.
In the U.S.........
