The Expanding Role of Renewable Fuel Policy as a Demand Driver in Agriculture.

The article explores the impact of renewable fuel policies, specifically the Renewable Fuel Standard (RFS) and the Inflation Reduction Act (IRA), on the agricultural industry. It focuses on the increased demand for corn and oilseeds, particularly soybeans, due to the production and consumption of biofuels like biodiesel and renewable diesel. This has the potential to affect soybean exports and domestic consumption. However, there are concerns about supply limitations and the volatility of crop prices. The article suggests further research is needed to understand the effects of renewable fuel policies on agricultural credit conditions and the stability of the crop sector. [Extracted from the article]