A recent note to investors from J.P. Morgan broke down the implications that the EPA's recently announced biofuels volume mandates for the next 3 years could have on the ag industry.
U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced that USDA is accepting applications for $100 million in grants to increase the sale and use of biofuels derived from U.S. agricultural products.
The U.S. Energy Information Admin. (EIA) expects the production of biofuels to continue increasing, but at a relatively slow pace, between 2020-50, according to its Annual Energy Outlook 2020 (AEO2020).
The U.S. economy is still performing well by most key measures. However, consumers, investors, companies and other market participants have become more wary about the near- term future with seemingly good reason. Global and U.S. economic prospects are weakening and the agricultural economy shows few signs of an imminent comeback, according to a comprehensive 2019 outlook report from CoBank’s Knowledge Exchange Division.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.