S&P: Biofuels are key to preventing sharp reductions in US farmland area

Currently, with a significant increase in crop yields, lawmakers are considering expanding the ethanol market based on corn as a raw material. Research from S&P Global Energy shows that thanks to improved technology, crop yields continue to climb, resulting in a persistent surplus in supply; however, at the same time, market demand remains stagnant. The research states that this situation will lead to a reduction in farmland acreage and declining farmer profits. Expand