Large‐scale bioenergy demand has triggered new approaches to straw management in Brazilian sugarcane fields. With the progressive shift from a burned to a nonburned harvest system, most of the straw presently retained on the soil surface has become economically viable feedstock for bioenergy production. The trade‐offs between the need to preserve soil quality and produce more bioenergy have been the subject of intense discussion. This study presents a synthesis of available information on the magnitude of the main impacts of straw removal from sugarcane fields for bioenergy production and therefore represents an easily available resource to guide management decisions on the recommended amount of straw to be maintained on the field to take advantage of the agronomic, environmental, and industrial benefits. Crop residues remaining on sugarcane fields provide numerous ecosystem services including nutrient recycling, soil biodiversity, water storage, carbon accumulation, control of soil erosion, and weed infestation. Furthermore, several studies reported higher sugarcane production under straw retention on the field, while few suggest that straw may jeopardize biomass production in cold regions and under some specific soil conditions. Pest control is among the parameters favored by straw removal, while N2O emissions are increased only if straw is associated with the application of N fertilizer and vinasse. An appropriate recommendation, which is clearly site specific, should be based on a minimum mass of straw on the field to provide those benefits. Overall, this review indicates that most of the agronomic and environmental benefits are achieved when at least 7 Mg ha−1 of dry straw is maintained on the soil surface. However, modeling efforts are of paramount importance to assess the magnitude and rates of straw removal considering the several indicators involved in this complex equation, so that an accurate straw recovery rate could be provided to producers and industry toward greater sustainability.