S&P Study: Biofuel Demand Critical to Stabilizing US Farmland Values
By
Bloomberg News
Summary
A new S&P Global study indicates that expanding biofuel demand is essential to prevent a sharp decline in American farmland values and restore profitability to struggling farms. As harvests increase and lawmakers consider policy changes, biofuels serve as a "powerful catalyst" for the agricultural sector, potentially offsetting economic pressures on farmland markets.
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Key quotes
· 3 pulledExpanding biofuel demand is a 'powerful catalyst' to restore profitability to American farms
Biofuels are key to preventing sharp drop in farmland, S&P says
As harvests balloon and lawmakers consider policy changes, biofuels could offset economic pressures on farmland markets
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