To what extent can a significant portion of the environmental benefits offered by CRP be maintained if CRP outlays are significantly reduced? Recent CARD research reported here in a succinct manner addresses the issue of economic and environmental trade-offs in CRP.

Press reports indicate that the Environmental Protection Agency may significantly reduce ethanol mandates to levels that can easily be met. To gain insight into what this decision implies about the price of corn we use a new model of the corn and RIN markets to project corn and ethanol prices...

Future prospects for biofuels in the United States and Brazil depend on government policies, the prices of gasoline and feedstocks, and the ability of each country's fleet of vehicles to use ethanol. Because trade barriers between the two countries are low, the prospects for biofuels in each...

Projections of U.S. ethanol production and its impacts on planted acreage, crop prices, livestock production and prices, trade, and retail food costs are presented under the assumption that current tax credits and trade policies are maintained. The projections were made using a multi-product,...

The ongoing growth of corn-based ethanol production raises some fundamental questions about what impact continued growth will have on U.S. and world agriculture. Estimates of the long-run potential for ethanol production can be made by calculating the corn price at which the incentive to expand...

The Uruguay Round Agreement on Agriculture (URAA) provided a continuing mandate for progressive reforms to liberalize world agricultural markets. A new round of negotiation was put into motion in early 2000 and later formalized in what is now called the Doha Round. The Doha Round negotiation...

We examine four scenarios for the evolution of the biofuel sector using a partial equilibrium model of the world agricultural sector. The model includes the new Renewable Fuels Standard in the 2007 energy act, the two-way relationship between fossil energy and biofuel markets, and a new trend...

In response to a request from Senator Tom Harkin, the Food and Agricultural Policy Research Institute (FAPRI) evaluated the effects of a uniform 10 percent reduction in program crop acreage in the United States. Specifically, FAPRI analyzed the effects on price, trade, consumption, and...

We assess the international competitiveness of the dairy industries in Argentina and Chile, combining recent market intelligence gathered from field visits with quantitative simulations of global policy reform scenarios. Both countries exhibit strong potential for export growth but face...

Demand for non-GMO (genetically modified organism) corn and soybeans is high in the EU and Japan, which are two of the largest markets for U.S. corn and soybeans. This presents a potential problem for markets if U.S. processors find themselves scrambling to locate and purchase non-GMO crops. By...