- Renewable electricity standard needed
- Benefits agriculture
- Adds jobs, economic activity
The study, “Implications of Energy and Carbon Policies for Agriculture and Forestry Sectors,” found that a Renewable Electricity Standard could generate $14 billion in accumulated additional revenues for agriculture and forestry, increasing the demand for and production of dedicated energy crops for biomass feedstocks. And while that would cause shifts to move intensely managed pasture land, University of Tennessee researchers predict that forest residues, thinnings and tree harvest will play a significant role in meeting those feedstock demands. There would be no significant changes to commodity cropland use, or crop and livestock prices. Since both prices and production increase over time for beef, pork and poultry, gross returns will also increase.