RFS helping farmers use resources more efficiently: Purdue study

Source: By OPIS • Posted: Tuesday, April 19, 2022

The Renewable Fuel Standard (RFS) has played a crucial role in reducing uncertainties in commodity markets, but its most significant impact has been helping farmers use their resources more efficiently, according to a recent study by Purdue University. “With producing more corn and soybeans, over time the farmers were able to bring fallow land that had been unused back to production,” Farzad Taheripour, the Purdue University agricultural economist who led the study, said in a statement. As a result, he said, “U.S. annual farm incomes increased by $8.3 billion between 2004 and 2011, with an extra additional annual income of $2.3 billion between 2011 and 2016.” The school said the study was the first to capture the interactions between biofuels and agricultural industries and their connections with other economic activities. RFS helping farmers use resources more efficiently: Purdue study

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