The United States Congress set out to increase the blending of biofuels by updating and implementing the Renewable Fuel Standard (RFS2) in 2007. The new mandate required that a combination of 36 billion gallons of ethanol, biodiesel, and cellulosic biofuel be blended annually, by 2022. To offset the cost of...
Regression analysis was used to examine the effect of a change in agricultural prices on land use and conservation. The planted acreage for each of three crops – corn, soybeans, and spring wheat – was regressed on the expected prices of the three crops,
the input prices, and past land...