Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

CRS Issue Statement on Agriculture-Based Biofuels (CRS Report for Congress)

Premium   Purchase PDF for $24.95 (5 pages)
add to cart or subscribe for unlimited access
Release Date March 3, 2010
Report Number IS40254
Authors Randy Schnepf, Coordinator, Specialist in Agricultural Policy
Source Agency Congressional Research Service
Summary:

A key issue facing Congress is the appropriate level and type of federal intervention in renewable energy markets in general, and the biofuels sector in particular. While the expansion of agriculture-based biofuels (particularly corn-based ethanol) has arguably achieved some success in increasing grain and oilseed demand, stimulating rural economies, and raising farm incomes,there has also been considerable spillover effect in other markets-most notably in land, energy,livestock, and farm input markets. This policy debate routinely confronts Congress because everyyear several of the federal policy provisions that support the U.S. biofuels industry, for example,certain tax credits or the import tariff, are set to expire pending congressional action to extend them.