8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 15, 2007

BIOFUEL ENERGY CORP.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

001-33530 (Commission File Number)	20-5952523 (I.R.S. Employer Identification No.)
1801 Broadway, Suite 1060 Denver, CO (Address of Principal Executive Offices)	80202 (Zip Code)

(303) 592-8110
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events

On October 15, 2007, BioFuel Energy Corp. (the “Company”) issued a press release announcing that its Board of Directors approved a stock repurchase plan and authorized the repurchase of up to $7.5 million of the Company’s common stock. The purchases will be funded out of cash on hand and made from time to time in the open market. The plan may be discontinued at any time.

Attached hereto as Exhibit 99.1 is a copy of the Company’s press release announcing the stock repurchase plan.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit 99.1 Press Release dated October 15, 2007, announcing the approval by the Board of Directors of a stock repurchase plan of BioFuel Energy Corp.

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BIOFUEL ENERGY CORP.
Date: October 15, 2007	By:	/s/ Scott H. Pearce
	Name:	Scott H. Pearce
	Title:	President and Chief Executive Officer

EXHIBIT INDEX

Exhibit	Description
99.1	Press Release dated October 15, 2007, announcing the approval by the Board of Directors of a stock repurchase plan of BioFuel Energy Corp.

EX-99.1

NEWS RELEASE

BIOFUEL ENERGY ANNOUNCES STOCK REPURCHASE PLAN

DENVER, COLORADO – OCTOBER 15, 2007 – BIOFUEL ENERGY CORP. (NASDAQ:BIOF) today announced that its Board of Directors had approved a stock repurchase plan. The repurchase of up to $7.5 million of the Company’s common stock was authorized. Purchases will be funded out of cash on hand and made from time to time in the open market.

The Company believes it has adequate liquidity to initiate a repurchase program. It currently estimates that after completing construction of its first two plants, as much as $20.0 million of funds available under its $230.0 million of committed bank construction and working capital facilities will remain undrawn. In addition, the Company currently holds approximately $60.0 million of cash from its June public offering. In the course of its meeting, the Board confirmed that plans for a third greenfield facility should be placed on hold pending an improvement in the ethanol market.

Commenting, Thomas J. Edelman, the Company’s Chairman said, “We have been surprised and disappointed by the sharp decline in our share price over the past 90 days. The entire ethanol sector has traded down during the period, primarily in response to lower ethanol prices and the steady flow of news reports about a short term excess of ethanol production capacity. Regardless, we believe BioFuel’s share price has become significantly undervalued. That view is based on our assessment of the ethanol market over the next few years and its anticipated recovery as ethanol transportation and distribution infrastructure is constructed. Accordingly, we believe repurchasing shares at these prices represents an exceptional investment opportunity and are electing to utilize a portion of our capital in this way.”

Acquisitions of stock under the repurchase plan will be made from time to time as permitted by securities laws and other legal requirements, and subject to market conditions and other factors. The plan may be discontinued at any time.

This release contains certain forward-looking statements within the meaning of the Federal securities laws. Such statements are based on management’s current expectations, estimates and projections, which are subject to a wide range of uncertainties and business risks. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of whether, or the times by which, our performance or results may be achieved. Factors that could cause actual results to differ from those anticipated are discussed in our Registration Statement on Form S-1.

BioFuel Energy is a development stage company currently engaged in constructing two 115 million gallons per year ethanol plants in the Midwestern corn belt. The Company’s goal is to become a leading ethanol producer in the United States by acquiring, developing, owning and operating ethanol production facilities.

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Contact: David J. Kornder
Executive Vice President &
Chief Financial Officer
(303) 592-8110
dkornder@bfenergy.com For more information:
www.bfenergy.com