Energy crops have tremendous potential to reduce our dependence on foreign oil and create jobs in rural America. USDA’s Risk Management Agency is expanding its efforts to see if new insurance products can be developed for the producers of these renewable, clean energy crops that are grown right here in America.
The Energy Independence and Security Act of 2007 established that a mandate that this country’s use of renewable transportation fuels reach 36 billion gallons by 2022. Of that, 20 billion gallons are targeted to come from second generation biofuel sources, including switchgrass, energy cane, woody biomass and other feedstocks. The Act encouraged biofuels research and development.