Trade fundamentally seeks out the most efficient combination of resource use. In economic terms, it optimizes the lowest opportunity cost. The US, and more recently Brazil, produce soybeans so well they supply the world. When other nations import soybeans, it … Continue reading →
The local high school Christmas Concert was this week. It was packed. Hours of practice by the students, hours of extracurricular energy from teachers and staff, mountains of volunteer hours from students and parents, and 90 minutes direct joy from … Continue reading →
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 →
What? This is what biomass systems economists do. We add value to goods and services in value attributes that go beyond having a price in dollars. Most of my economist colleagues are brilliant price analysts. I am a manure visionary … Continue reading →
