Renewable diesel fuel is chemically the same as petroleum diesel, meets ASTM specifications and can be produced from cellulosic biomass materials such as crop residues, wood/sawdust and switchgrass and can be blended or used in its pure form.
There’s a big push right now for “regenerative” or “sustainable agriculture” practices. With little or no perceived value to their production though, growers are unlikely to change their cropping practices. Some in the sustainable ag space, however, say that certain sustainable practices can provide increased productivity, including crop yields and return per acre.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.