EX-99

                                                                    Exhibit 99.1


                            EXPLANATION OF RESPONSES


(1)  Third Point LLC ("Third Point") is investment manager or adviser to a
     variety of hedge funds and managed accounts (the "Funds"). Mr. Loeb is the
     Chief Executive Officer of Third Point, and by reason of the provisions of
     Rule 16a-1 under the Securities Exchange Act of 1934, as amended, Third
     Point and Mr. Loeb may be deemed to be the beneficial owners of the
     securities beneficially owned by the Funds. Third Point and Mr. Loeb hereby
     disclaim beneficial ownership of all such securities, except to the extent
     of any indirect pecuniary interest therein.


(2)  As of December 29, 2008, each of Mr. Loeb and the Funds has exchanged all
     of their respective membership units of BioFuel Energy, LLC, a subsidiary
     of the Company (the "LLC Units"), and shares of Class B common stock of the
     Company held by each ("Class B" and, collectively with the LLC Units, the
     "Units") for newly-issued shares of Common Stock (on a one-for-one basis)
     pursuant to the terms of the Second Amended and Restated Limited Liability
     Company Agreement of BioFuel Energy, LLC (the "LLC Agreement"). Under the
     terms of the LLC Agreement, no conversion or exercise price was paid in
     conjunction with the conversion of the Units into a like number of shares
     of Common Stock.

EX-99

                                                                    Exhibit 99.2


                              Attachment to Form 4


                             JOINT FILER INFORMATION



Name and Address:                       Third Point LLC
                                        390 Park Avenue
                                        New York, NY 10022


Date of Event Requiring Statement:      12/29/2008
Issuer and Ticker Symbol:               BioFuel Energy Corp. (BIOF)
Relationship to Issuer:                 10% Owner (1)
Designated Filer:                       Daniel S. Loeb


TABLE I INFORMATION

Title of Security:                      Common Stock, par value $0.01 per share
Transaction Date                        12/29/2008
Transaction Code                        C
Amount of Securities and Price          4,328,800 (2)
Securities Acquired (A) or
     Disposed of (D)                    A
Amount of Securities Beneficially
     Owned Following Reported
     Transactions                       5,578,800
Ownership Form:                         I
Nature of Indirect Beneficial
     Ownership:                         (1)


TABLE II INFORMATION

Title of Security:                      Units
Transaction Date                        12/29/2008
Transaction Code                        C
Amount of Securities and Price          4,328,800 (2)
Securities Acquired (A) or
     Disposed of (D)                    D
Amount of Securities Beneficially
     Owned Following Reported
     Transactions                       0
Ownership Form:                         I
Nature of Indirect Beneficial
     Ownership:                         (1)

EX-99

                                                                    Exhibit 99.3


                              Attachment to Form 4


                             JOINT FILER INFORMATION



Name and Address:                       Third Point Partners LP
                                        390 Park Avenue
                                        New York, NY 10022


Date of Event Requiring Statement:      12/29/2008
Issuer and Ticker Symbol:               BioFuel Energy Corp. (BIOF)
Relationship to Issuer:                 10% Owner
Designated Filer:                       Daniel S. Loeb


TABLE I INFORMATION

Title of Security:                      Common Stock, par value $0.01 per share
Transaction Date                        12/29/2008
Transaction Code                        C
Amount of Securities and Price          2,690,782 (2)
Securities Acquired (A) or
     Disposed of (D)                    A
Amount of Securities Beneficially
     Owned Following Reported
     Transactions                       2,867,782
Ownership Form:                         D
Nature of Indirect Beneficial
     Ownership:


TABLE II INFORMATION

Title of Security:                      Units
Transaction Date                        12/29/2008
Transaction Code                        C
Amount of Securities and Price          2,690,782 (2)
Securities Acquired (A) or
     Disposed of (D)                    D
Amount of Securities Beneficially
     Owned Following Reported
     Transactions                       0
Ownership Form:                         D
Nature of Indirect Beneficial
     Ownership:

EX-99

                                                                    Exhibit 99.4


                              Attachment to Form 4


                             JOINT FILER INFORMATION



Name and Address:                       Third Point Partners Qualified LP
                                        390 Park Avenue
                                        New York, NY 10022


Date of Event Requiring Statement:      12/29/2008
Issuer and Ticker Symbol:               BioFuel Energy Corp. (BIOF)
Relationship to Issuer:                 10% Owner
Designated Filer:                       Daniel S. Loeb


TABLE I INFORMATION

Title of Security:                      Common Stock, par value $0.01 per share
Transaction Date                        12/29/2008
Transaction Code                        C
Amount of Securities and Price          1,638,018 (2)
Securities Acquired (A) or
     Disposed of (D)                    A
Amount of Securities Beneficially
     Owned Following Reported
     Transactions                       1,808,018
Ownership Form:                         D
Nature of Indirect Beneficial
     Ownership:


TABLE II INFORMATION

Title of Security:                      Units
Transaction Date                        12/29/2008
Transaction Code                        C
Amount of Securities and Price          1,638,018 (2)
Securities Acquired (A) or
     Disposed of (D)                    D
Amount of Securities Beneficially
     Owned Following Reported
     Transactions                       0
Ownership Form:                         D
Nature of Indirect Beneficial
     Ownership: