Turn-of-the-Century Biofuel-Fossil Feedstock Dynamics
The more things change, it seems the more they stay the same. This Biomass Rules chart with data from 2006, appeared in Chapter 19: Williams, James L. and Mark Jenner. Petroleum Dependence, Biofuels – Economies Of Scope And Scale; US … Continue reading →
Mining the 2022, Census of Agriculture – What the Function
The first federal census of agriculture was conducted in 1840. It has been conducted for 184 years. The oldest hardcopy of the US Census of Agriculture in the Biomass Rules collection is from 1982. We have been reading and analyzing … Continue reading →
The Seminal Role of Commodities in Food Value
Paying $3 for a drive-thru coffee is a rational choice when the alternative is no coffee at all. It is also reasonable to pay $4 for a box of corn cereal. If one, 12-ounce box of cereal provides 8 bowls … Continue reading →
Making Sense of Retail Food Through Coffee
Food is as old as dirt. However, in 2024 the word ‘food’ is poorly understood. Pandemics, supply-chain challenges, trade wars, real wars; have all contributed to growing concern about access to food. Clarifying and aligning definitions of food will take … Continue reading →
A Tale of Two Biodiesel Feedstocks – Winners and Losers
Last week, USDA, Economic Research Service (ERS) posted this chart on used oil as feedstocks in biodiesel production. This USDA chart indicated that we are pulling undervalued fats, oils, and greases into higher valued uses as transportation fuel. This promotes … Continue reading →
Long-Run Illinois Land Values – What the Function?
Ok. This is certainly overkill, but I can’t stop sharing. There was a lot of interest in the last post, Midwest Land Prices Only Increase in the LONG View. But it gets EVEN cooler. Two of the lines in this … Continue reading →
Midwest Land Prices Only Increase in the LONG View
Ten years ago, while working for University of Missouri – Extension, I had the privilege of joining a curriculum development team on estate and farm transfers. We developed the idea of a case, or at least believable story, to go … Continue reading →
The Junior Livestock Sale – a Secret Life of Rural Communities
The Bond County Fair happens the first weekend in August each year. A summer highlight is the Junior Livestock Sale. Once 4-H livestock projects have been completed, the show animals are auctioned off. This year’s sale was last night, 8/5/24. … Continue reading →
Plant Based Energy Values – The Science of Harvesting the Sun
The emerging bioeconomy is effectively starting at the system level and moving down to individual market activities. A constant for millions of years is photosynthesis. It captures solar energy – everyday for millions of years – and converts it to … Continue reading →
Two Data Points Do Not a Trendline Make
Economic information these days, influenced by election-year passions, spawned economic claims that do not represent actual underlying economic trends. This post looks at the compelling nature of authentic data that does not have any meaningful forecasting value. Biomass Rules is … Continue reading →