“Why Biobased?” Report Released by USDA
On October 7, 2014, the U.S. Department of Agriculture (USDA) released "Why Biobased?," a report that comprehensively synthesizes findings from the existing government, academia, and non-governmental organizations on bioeconomy opportunities. The report is a precursor for another study to be issued in the near future by the USDA BioPreferred program on the economic impacts of the biobased products industry.
Agriculture Secretary Tom Vilsack stated "[t]his new report presents the opportunities U.S. agriculture and forests have in the emerging bioeconomy. The recent inclusion of mature market products into the BioPreferred program strengthens our commitment to the U.S. biobased economy and brings together two of the most important economic engines for rural America: agriculture and manufacturing."