Cropland prices across the United States have appreciated at record levels in recent years. After a U.S. recession, in which a bubble in real estate prices was a factor, some have questioned if cropland prices are in a bubble. Schnitkey, Sherrick, and Kuethe (2014) show that the increase in cropland returns and the decline in […]
Archive | June, 2015
Current Issues Surrounding the Renewable Fuel Standard
Overview of the RFS The Renewable Fuel Standard is just a single component of our nation’s broader energy policy approach. The RFS was originally created under the Energy Policy Act (EPAct) of 2005. In 2007, the Energy Independence and Security Act (EISA) expanded the original standard to what is now often referred to as RFS2. […]
What is Driving the Decline in Ethanol Prices?
After briefly rallying in November 2014, the price of ethanol continued to fall through the beginning of 2015. With the collapse of oil prices continuing to dominate the news, it is tempting to assume that the decline in ethanol prices is being driven by the bearish news coming out of the crude oil market. However, […]