The outlook for U.S. corn markets is inextricably linked to what happens to the U.S. ethanol industry, which depends, in turn, on the level of government subsidies and mandates. We develop a stochastic partial equilibrium model to simulate outcomes for the corn market for the 2008/09 marketing...

The total expected cost of sequestering carbon in agricultural soils is estimated under different government-based and market-based policies. A possible government-based EQIP programme offering a per-acre subsidy to adopt conservation illage and a market-based carbon credit programme where...