World Perspectives

California LCFS Proposes Caps on Soybean and Canola Oil

This month the California Air Resources Board (CARB) issued a proposal to modify the Low Carbon Fuel Standards (LCFS), including a cap on the use of soyoil and canola oil as feedstocks in relation to earning credits under the program. CARB will be holding a hearing on these proposed changes on 8 November. The proposed rules include: Limiting biomass-based diesel (BBD) from soyoil and canola oil to 20 percent per company. For companies already registered under the LCFS and reporting greater than 20 percent BBD from soyoil or canola oil in 2023, the effective date of this provision is 2028. This cap is to be enforced on the producers. Effectively, that means volumes of BBD above the 20 percent limit would not generate LCFS credits. The LCFS...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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