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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/10012461960
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/10012459025
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/10012461958
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/10012477574
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/10012480992
Using commodity futures contract and spot prices, we estimate the incidence of the US ethanol subsidy accruing to corn farmers, ethanol producers, gasoline blenders, and gasoline consumers at expiration in 2011. We find compelling evidence that ethanol producers captured two-thirds of the...
Persistent link: https://www.econbiz.de/10012456706
The U.S. Renewable Fuel Standard (RFS) requires blending increasing quantities of biofuels into the U.S. surface vehicle fuel supply. In 2013, the fraction of ethanol in the gasoline pool effectively reached 10%, the ethanol capacity of the dominant U.S. gasoline blend (the "E10 blend wall")....
Persistent link: https://www.econbiz.de/10012457325
and contributed to incentives to create the capacity to produce ethanol and to use corn for fuel rather than food. Various … differences in variations of corn prices versus energy prices. Apparent price volatility seems due to mechanism switching and to …
Persistent link: https://www.econbiz.de/10012459788
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/10012461833
This paper estimates household preferences for ethanol as a gasoline substitute. I develop a theoretical model linking the shape of the ethanol demand curve to the distribution of price ratios at which individual households switch fuels. I estimate the model using data from many retail fueling...
Persistent link: https://www.econbiz.de/10012462285