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effects of these policies on cropland allocation, food and fuel prices, and the mix of biofuels from corn and cellulosic … feedstocks over the 2007-2022 period. We find that the biofuel mandate will increase corn price by 24%, reduce the price of … volumetric tax credits that accompany the mandate significantly changes the mix of biofuels produced in favor of cellulosic …
Persistent link: https://www.econbiz.de/10013038327
agricultural activity and unexpected social costs. We simulate the 2022 Federal Renewable Fuel Standard (RFS) and find that energy …
Persistent link: https://www.econbiz.de/10013062176
sources of yield improvements have been mostly exhausted, generating concerns about the future of food prices. This paper … estimates the impact of global adoption of genetically engineered (GE) seeds on food supply by exploiting the spatial and … developed countries. The authors simulate food prices during the 2008 food crisis without GE-seed-induced yield gains …
Persistent link: https://www.econbiz.de/10013038332
Land and capital serve not only as factors of production but as assets which households use as stores of value. Standard trade models typically recognize only the first role. In its role as an asset land reduces the amount of national savings available for capital investment. Foreign investment...
Persistent link: https://www.econbiz.de/10013246524
It is commonly believed that the response of the price of corn ethanol (and hence of the price of corn) to shifts in biofuel policies operates in part through market expectations and shifts in storage demand, yet to date it has proved difficult to measure these expectations and to empirically...
Persistent link: https://www.econbiz.de/10012948440
Agricultural and energy commodity prices have traditionally exhibited relatively low correlation. However, recent … increases in biofuel production have altered the agriculture-energy relationship in a fundamental way. This increase has drawn …
Persistent link: https://www.econbiz.de/10013038238
impact of ethanol subsidies and mandates on world food commodity prices, quantities, and food consumers' surplus. The current … US ethanol mandate requires that about 5 percent of world caloric production from corn, wheat, rice, and soybeans be used … for ethanol generation. As a result, world food prices are predicted to increase by about 30 percent and global consumer …
Persistent link: https://www.econbiz.de/10013038890
The D4 RIN is the tradable compliance certificate for the biomass-based diesel mandate in the Renewable Fuel Standard …
Persistent link: https://www.econbiz.de/10012906776
The history of innovation in the chemical industry offers many insights for accelerating energy innovation. In this …
Persistent link: https://www.econbiz.de/10013070355
Persistent link: https://www.econbiz.de/10013019499