Many countries have adopted policies that support expanded production and use of liquid biofuels for transportation. These policies are intended to enhance domestic energy security, spur economic development and reduce emissions of greenhouse gases (GHG) and other pollutants. Biofuel policies, along with changing energy market fundamentals, have contributed to a significant increase in global b...

The spectrum of risks that affect the income of agricultural producers and agribusinesses is quite broad. The two predominant risks are: price risk, reflecting variations in market prices for agricultural commodities and production inputs; and production risk, which encompasses variations in the volume or quality of the commodity produced. This note focuses on one of the most pervasive producti...