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Policy Spotlight: Federal Biofuels Policy

In: Agricultural Policy of the United States

Author

Listed:
  • Stephanie A. Mercier

    (Farm Journal Foundation)

  • Steve A. Halbrook

    (University of Arkansas at Fayetteville)

Abstract

Humans have been making ethanol from grains for thousands of years. This chapter traces the evolution of US policy on ethanol/biofuels from the early republic to today, reviews the current state of the industry, and concludes with a brief discussion of biodiesel and other biofuels derived from feedstocks other than corn. Emphasis is placed on the policy developments of the mid-1970s following the spike in crude oil prices through the development of the renewable fuels standard (RFS) in 2005 and 2007 and the impact of the RFS on current policy discussion.

Suggested Citation

  • Stephanie A. Mercier & Steve A. Halbrook, 2020. "Policy Spotlight: Federal Biofuels Policy," Palgrave Studies in Agricultural Economics and Food Policy, in: Agricultural Policy of the United States, chapter 0, pages 377-387, Palgrave Macmillan.
    • Handle: RePEc:pal:psachp:978-3-030-36452-6_22
    DOI: 10.1007/978-3-030-36452-6_22
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