California’s Proposed Cap on Crop-Based Biofuels and What it Means for Fuel Prices and Biofuel Producers - Giannini Foundation of Agricultural Economics

The California Air Resources Board plans to cap the share of Low Carbon Fuel Standard credits that can come from crop oils over land-use change concerns. The Giannini Foundation analysis expects small short-run effects on fuel prices but a larger negative impact on Midwestern biofuel producers that rely on crop oils.