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Category Archives: economics

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Turn-of-the-Century Biofuel-Fossil Feedstock Dynamics

Biomass Rules Posted on September 7, 2024 by Mark JennerSeptember 7, 2024

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 →

Posted in definition, economics, policy | Tagged $/MMBTU., biofuel-to-fossil feedstock dynamics, crude oil, energy values, FAME biodiesel, feed, food, fossil diesel, fuel, Jim Williams, number 2 yellow grease, renewable diesel, turn-of-the-century, turn-of-the-century biofuel-to-fossil feedstock dynamics, used vegetable oil | Leave a reply

Mining the 2022, Census of Agriculture – What the Function

Biomass Rules Posted on September 5, 2024 by Mark JennerSeptember 5, 2024

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 →

Posted in analytics, economics, science, What the Function | Tagged 2022 Census of Agriculture, categories, data mining, Excel, IF(), IFNA(), ISBLANK(), LEN, mining the 2022 Census of Agriculture - what the function, nested functions, numeric values, RIGHT(), text string, TEXTBEFORE(), TRIM(), USDA, what the function | Leave a reply

The Seminal Role of Commodities in Food Value

Biomass Rules Posted on September 3, 2024 by Mark JennerSeptember 3, 2024

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 →

Posted in definition, economics, policy | Tagged affordable, cereal, commodities, corn grain, disposable income, distributor, Economic Research Service (ERS), food, food dollar, food value, inputs, processor, rational, retailer, seminal role, seminal role of commodities in food value, supply chain, USDA | Leave a reply

Making Sense of Retail Food Through Coffee

Biomass Rules Posted on August 26, 2024 by Mark JennerJanuary 3, 2025

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 →

Posted in definition, economics, policy | Tagged coffee markets, comfort food premium, Economic Research Service, ERS, farm bill solution, food products, food quality premium, food service, food wastes, food-at-home, food-away-from-home, groceries, imported food costs, making sense of retail food through coffee, price premium for service, restaurants, retail food, USDA | Leave a reply

A Tale of Two Biodiesel Feedstocks – Winners and Losers

Biomass Rules Posted on August 19, 2024 by Mark JennerAugust 19, 2024

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 →

Posted in economics, policy, wealth creation | Tagged a tale of two biodiesel feedstocks – winners and losers, air quality, biodiesel, capacity, difficult-to-monetize, domestic use, export markets, FAME, fats, federal policy, greases, oils, quality of life, renewable diesel, state policy, tale of two biodiesel feedstocks, water quality, winners and losers | Leave a reply

Long-Run Illinois Land Values – What the Function?

Biomass Rules Posted on August 16, 2024 by Mark JennerAugust 16, 2024

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 →

Posted in analytics, economics, science | Tagged ag economic, exponential trend, functional forms, Illinois, intercept, interest, land values, long-run, long-run Illinois land values - what the function, magic, models, slope, time value of money, what the function | Leave a reply

Midwest Land Prices Only Increase in the LONG View

Biomass Rules Posted on August 12, 2024 by Mark JennerAugust 16, 2024

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 →

Posted in analytics, economics, science | Tagged appreciation, depreciation, exponential growth, Illinois, inflation, inflation-adjusted, land, land in farms, long view, Midwest land prices, Midwest land prices only increase in the long view, Missouri, NASS, National Ag Statistics Service, only increase, USDA | Leave a reply

The Junior Livestock Sale – a Secret Life of Rural Communities

Biomass Rules Posted on August 6, 2024 by Mark JennerJanuary 4, 2025

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 →

Posted in economics, Secret Life of Rural Communities, wealth creation | Tagged community philanthropy, county fair, financial capital, junior livestock sale, market price, rural communities, secret life, social capital, support, the junior livestock sale - a secret life of rural communities, value paid, wealth creation, youth | Leave a reply

Plant Based Energy Values – The Science of Harvesting the Sun

Biomass Rules Posted on July 26, 2024 by Mark JennerJuly 26, 2024

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 →

Posted in economics, policy, production, science | Tagged $/MMBTU., bioeconomy, bioenergy, carbohydrates, carbon, carbon dioxide, carbon intensity, energy values, harvesting, harvesting the sun, oxygen, photons, photosynthesis, plant based, plant based energy values – the science of harvesting the sun, science, solar energy, sun, water | Leave a reply

Two Data Points Do Not a Trendline Make

Biomass Rules Posted on July 22, 2024 by Mark JennerJuly 22, 2024

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 →

Posted in analytics, economics, policy, science | Tagged $/MMBTU., authentic analyses, biofuel, commodities, demand, economy, feedstocks, fossil, fuels, inflation, not a trendline, perfect competition, retail prices, supply, two data points, two data points do not a trendline make | Leave a reply

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Mark Jenner, PhD
Biomass Rules
Greenville, IL 62246
c. 618.223.9331
e. biomassrules@gmail.com

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Mission Statement:
Providing solutions through the strategic utilization of all kinds of biomass; the development of new markets for food, fiber, and fuels; and streamlining regulations.

bio·mass:
ˈbī-ō-ˌmas. noun. 1 : the unit area or volume of living matter, 2 : plant materials and animal waste used as renewable feedstocks into new processes.

rules:
'rül. 1: noun. 1 : regulations, bylaws or governing procedure, 2: verb. a : to exert control, direction, or influence on, b : to declare authoritatively.

Manure…
is not a four-letter word.

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