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CRITICAL ECONOMIC FACTORS FOR SUCCESS OF A BIOMASS CONVERSION PLANT FOR AGRICULTURAL RESIDUE, YARD RESIDUE AND WOOD WASTE IN FLORIDA AgEcon
Granja, Ivan R.; VanSickle, John J.; Ingram, Lonnie; Weldon, Richard N..
This model evaluates the potential success of a cellulosic ethanol plant in Florida. Critical Economic factors of the plant were simulated to assess the ability of this project. These critical factors include the feedstock to be used, the cost of the facility, transportation costs and the discount rate for the net present value (NPV). Results and observations are presented in this paper.
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Renewable energy; Cellulosic ethanol; Biomass; Agribusiness; Community/Rural/Urban Development; Crop Production/Industries; Financial Economics; Production Economics; Productivity Analysis; Resource /Energy Economics and Policy; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/56442
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The Trade-off between Bioenergy and Emissions When Land Is Scarce AgEcon
Kauffman, Nathan S.; Hayes, Dermot J..
Agricultural biofuels require the use of scarce land, and this land has opportunity cost. We explore the objective function of a social planner who includes a land constraint in the optimization decision to minimize environmental cost. The results show that emissions should be measured on a per acre basis. Conventional agricultural life cycle assessments for biofuels report carbon emissions on a per gallon basis, thereby ignoring the implications of land scarcity and implicitly assuming an infinite supply of the inputs needed for production. Switchgrass and corn are then modeled as competing alternatives to show how the inclusion of a land constraint can influence life cycle rankings and alter policy conclusions.
Tipo: Working or Discussion Paper Palavras-chave: Biofuels; Biomass; Energy policy; Land use; Life cycle analysis.; Land Economics/Use; Resource /Energy Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/98626
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Nonlinearities in the US corn-ethanol-oil price system AgEcon
Serra, Teresa; Zilberman, David; Gil, Jose Maria; Goodwin, Barry K..
We use a smooth transition vector error correction model to assess price relationships within the US ethanol industry. Daily ethanol, corn and oil futures prices observed from mid-2005 to mid-2007 are used in the analysis. Results indicate the existence of an equilibrium relationship between ethanol, corn and oil prices. However, only ethanol prices adjust, in a non-linear fashion, to deviations from this long-run parity. Generalized impulse response functions indicate that a shock to both oil and corn prices causes a change in ethanol prices of the same sign. Ethanol responses usually reach a peak after about 10 days of the initial shock and fade away within 35 days.
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; United States; Cointegration; Threshold; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/6512
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Mitigating Land Use Changes From Biofuel Expansion: An Assessment of Biofuel Feedstock Yield Potential in APEC Economies AgEcon
Elobeid, Amani E.; Tokgoz, Simla; Yu, Tun-Hsiang (Edward).
The emerging biofuel sector has drawn great interest as an alternative source of fuel for transportation. The expansion of biofuels greatly impacts world agricultural markets, since currently, the primary feedstocks for ethanol and biodiesel production are field crops and their derived products. There is great interest in the potential of countries to expand their biofuel sectors through increased production of feedstocks. The long-term potential for developing first-generation biofuels in many countries depends on a large and constant supply of feedstocks. This may be achieved in two ways: land extensification and/or land intensification. However, expansion of land area comes with a number of environmental challenges highlighted by the recent debate on...
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Yield growth; APEC; Land Economics/Use; Productivity Analysis.
Ano: 2009 URL: http://purl.umn.edu/61178
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UMA ANÁLISE DA RELAÇÃO ENTRE OS PREÇOS DOS BIOCOMBUSTÍVEIS E DAS CULTURAS ALIMENTARES NO BRASIL: O CASO DO SETOR SUCROALCOOLEIRO AgEcon
Melo, Andre De Souza; Mota, Daniela Gonzaga Da; Lima, Ricardo Chaves.
Este trabalho tem como objetivo analisar o impacto do crescimento do preço de etanol no preço do açúcar. Para tal análise utiliza-se a metodologia de vetores autorregressivos para identificar a relação de causalidade entre os preços do etanol e do açúcar. O crescimento do preço do etanol é resultado de um aumento da demanda internacional pela commodity devido a questões ambientais, econômicas e geopolíticas; e resultado também do crescimento do consumo interno de etanol com a introdução de veículos flex na frota brasileira. Com esse aumento da demanda por etanol, foi gerada uma competição com a produção de açúcar, reduzindo a disponibilidade dessa commodity. Como resultado, foi encontrada uma relação de bicausalidade entre os preços do etanol e do açúcar....
Tipo: Conference Paper or Presentation Palavras-chave: Biocombustíveis; Preço do etanol; Preço do açúcar; Biofuels; Ethanol price; Sugar price; Crop Production/Industries; Demand and Price Analysis.
Ano: 2008 URL: http://purl.umn.edu/109701
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Removal of U.S. Ethanol Domestic and Trade Distortions: Impact on U.S. and Brazilian Ethanol Markets AgEcon
Elobeid, Amani E.; Tokgoz, Simla.
Replaced with revised version of paper 12/06/06.
Tipo: Working or Discussion Paper Palavras-chave: Biofuels; Ethanol; Renewable fuels; Trade liberalization; Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/18364
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Biofuel Growth: Global Greenhouse Gas Emissions Impacts from Changes in Forest Carbon Stocks AgEcon
Golub, Alla A.; Hertel, Thomas W.; Rose, Steven K.; Sohngen, Brent.
There is significant policy interest in liquid biofuels with appealing prospects for energy security, farm security, poverty alleviation, and climate change. Large-scale commercial biofuel production could have far reaching implications for regional and global markets – particularly those related to energy and land use. As such, large-scale biofuels growth is likely to have significant impacts on global greenhouse gas (GHG) emissions. This paper utilizes a CGE model with explicit biofuel, land, and energy markets. The model is able to estimate the effects on the broad range of input and output markets potentially affected globally by biofuels policies. One of the most controversial issues within the biofuels debate is potential indirect changes in land use...
Tipo: Conference Paper or Presentation Palavras-chave: Land use change; Biofuels; CGE model; Forest carbon stocks; GHG emissions; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/47450
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The “not-so-modern” consumer – considerations on food prices, food security, new technologies and market distortions AgEcon
Tsioumanis, Asterios; Mattas, Konstadinos.
Although food quality and food safety issues seem to dominate discussion and research in Europe, price inflation and economic recession may pose questions over food abundance over the coming years. For the first time since the early seventies, market stability for a number of commodities is seriously questioned. The paper tackles the fluctuation of food prices in the last decade and the reasons behind recent record prices in a series of commodities, trying to investigate whether food shortages may create new problems, even for relatively economically stable nations. Lowering stock levels that induce price volatility, production shortfalls due to adverse conditions that are often correlated to climate change, oil prices, changing diet patterns in regions...
Tipo: Conference Paper or Presentation Palavras-chave: Food insecurity; Biofuels; Food prices; Market distortion; Financial speculation; Agricultural and Food Policy.
Ano: 2009 URL: http://purl.umn.edu/58151
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Economic Feasibility of Bio-Butanol on Marginal Agricultural Lands in Western Colorado AgEcon
Keske, Catherine M.; Brandess, Andrew; Hoag, Dana L.; Pearson, Calvin.
As is the case with most rural agricultural communities, western Colorado is dependent on fossil fuels transported from distant sources. This results in vulnerability to fuel supply disruptions and price shocks (Ederington et al., 2011; Yu, Wang, and Lai, 2008). A predictable and locally derived fuel source may provide stability to the agricultural production supply chain as well as to local commerce (Tareen, Wetzstein, and Duffield , 2000; Western Organization of Research Counsels, 2009). This research project evaluates the economic feasibility of bio-butanol as a locally grown biofuel in western Colorado as a means to encourage farm-level and regional energy sovereignty.
Tipo: Presentation Palavras-chave: Biobutanol; Biofuels; Marginal Lands; Western Colorado; Agribusiness; Agricultural and Food Policy.
Ano: 2012 URL: http://purl.umn.edu/124047
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Making the market: How U.S. Policy influences near term agriculture and biofuel industry production and profitability under technology adoption AgEcon
Meyer, Seth D.; Binfield, Julian C.R.; Westhoff, Patrick C..
The beneficiaries of technology adoption in agriculture and biofuels markets in the United States are heavily influenced by domestic biofuel policies and market context. Biofuel mandates, one of the key pillars of domestic biofuel policies, may significantly alter the elasticity of demand for biofuels as well as the derived demand for maize used to produce a significant share of ethanol in the United States. Using a stochastic agriculture and biofuels model, we assess how the introduction of technology may affect the crops and biofuel markets under binding and non-binding biofuel mandates and discuss the implications for analysis of EU biofuel policies.
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Policy; Technology adoption; Mandates; Agricultural and Food Policy; Farm Management; Land Economics/Use.
Ano: 2010 URL: http://purl.umn.edu/61089
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Economic Feasibility of a Woody Biomass- Based Ethanol Plant in Central Appalachia AgEcon
Wu, Jinzhuo; Sperow, Mark; Wang, Jingxin.
A mixed-integer programming model is developed to assess the economic feasibility of siting a woody biomass-based ethanol facility in the central Appalachian hardwood region. The model maximizes the net present value (NPV) of a facility over its economic life. Model inputs include biomass availability, biomass handling system type, plant investment and capacity, transportation logistics, feedstock and product pricing, project financing, and taxes. Four alternative woody biomass handling systems, which include all processes from stand to plant, are considered. Eleven possible plant locations were identified based on site selection requirements. Results showed that the optimal plant location was in Buckhannon, West Virginia. The NPV of the plant with a...
Tipo: Journal Article Palavras-chave: Biofuels; Economic analysis; Ethanol; Optimization; Woody biomass; Crop Production/Industries.
Ano: 2010 URL: http://purl.umn.edu/99118
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Greenhouse Gas Impacts of Ethanol from Iowa Corn: Life Cycle Analysis versus System-wide Accounting AgEcon
Feng, Hongli; Rubin, Ofir D.; Babcock, Bruce A..
Life cycle analysis (LCA) is the standard approach used to evaluate the greenhouse gas (GHG) benefits of biofuels. However, it is increasingly recognized that LCA results do not account for some impacts including land use changes that have important implications on GHGs. Thus, an alternative accounting system that goes beyond LCA is needed. In this paper, we contribute to the literature by laying out the basics of a system-wide accounting (SWA) method that takes into account all potential changes in GHGs resulting from biofuel expansion. We applied both LCA and SWA to assess the GHG impacts of ethanol based on Iowa corn. Growing corn in rotation with soybeans generated 35% less GHG emissions than growing corn after corn. Based on average corn production,...
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Corn ethanol; Greenhouse gas; Life cycle analysis; System-wide accounting; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/6503
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Impact of Expanded United States Sugar Imports from CAFTA Countries on the Ethanol Market AgEcon
Yeboah, Osei-Agyeman; Parker, S. Janine.
The need to decrease the United States’ dependency on oil has pushed ethanol to the forefront of energy sources. In the U.S., corn is used to make ethanol. Corn-based ethanol production has been profitable over the past few years, but there has been a near doubling of corn prices in late 2006 and early 2007 (Outlaw, et. al., 2007). The trend is a constant rise in prices, which has given way to ethanol production by other sources of raw materials like sugarcane. Sugarcane ethanol is the most cost-efficient biofuel available anywhere in the world, and in the United States, the government supports sugar prices. Through the US sugar policy, sugar prices are controlled, and foreign imports are severely limited. Brazil is leading the way in sugarcane ethanol,...
Tipo: Conference Paper or Presentation Palavras-chave: Ethanol; Sugarcane; Sugar; CAFTA-DR; Alternative Fuels; Biofuels; International Relations/Trade.
Ano: 2008 URL: http://purl.umn.edu/46027
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PERSPECTIVAS DA AGROENERGIA NO BRASIL AgEcon
Vian, Carlos Eduardo de Freitas; Belik, Walter; Paulillo, Luiz Fernando; Corder, Leandro Menegon.
Este texto tem por objetivo fazer uma revisão do estágio atual da produção mundial de biocombustíveis, das políticas adotadas nos vários países e das perspectivas de inserção do Brasil neste processo como produtor e exportador de biocombustíveis, conciliando isto com o desenvolvimento econômico e social e com o respeito ao meio-ambiente. Os autores destacam a necessidade de conciliação das ações da iniciativa privada com a adoção de políticas publicas, visto que apenas o “mercado” ainda não é capaz de gerar os incentivos necessários para a conciliação entre a busca de negócios lucrativos e sustentabilidade econômica e social. A metodologia de pesquisa usada foi de revisão bibliográfica e pesquisa de dados estatísticos em publicações especializadas,...
Tipo: Conference Paper or Presentation Palavras-chave: Ambiente Institucional; Biocombustíveis; Políticas-públicas; Grupos de interesse; Desenvolvimento econômico e social; Institutional Environment; Biofuels; Public Policies; Organized groups; Economic and social development; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/112702
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The Food versus Fuel Debate: Implications for Consumers AgEcon
Harrison, R. Wes.
The effects of biofuel production on commodity prices and their transmission to retail food prices are discussed. Factors driving higher commodity prices are tight global supplies and increased demand of corn ethanol in the short term. Evidence suggests that higher corn prices contribute to food price inflation for some food items. These include eggs, poultry, pork, beef and milk. The findings imply that food price inflation for these items is related to increased production of corn ethanol, primarily because of high oil prices. Higher oil prices also increase fuel and energy costs, which increase marketing costs for all food categories.
Tipo: Journal Article Palavras-chave: Biofuels; Food prices; Ethanol; Agribusiness; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Security and Poverty; Public Economics; Resource /Energy Economics and Policy; Q420; Q130.
Ano: 2009 URL: http://purl.umn.edu/53094
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Bioethanol production under endogenous crop prices: Theoretical analysis with an empirical application to barley AgEcon
Rinne, J.; Lankoski, Jussi E.; Ollikainen, Markku.
The European Union’s Emission Trading Scheme (EUETS) and the current renewable resource program provide strong incentives to use agricultural crops either for combustion in power plants to produce electricity and heat or as a feedstock for transportation fuels. In this paper we examine the social desirability of ethanol production from agricultural crops. To endogenize the competition on land use, we employ a Ricardian model of heterogeneous land quality, where land is allocated to alternative crops on the basis of their relative profitability. The model comprises three land use types: bioenergy crop, conventional feed crop and green setaside. Industry demands crops for both ethanol and feed production. Effects on the GHG balance are explicitly taken into...
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Agricultural land allocation; Heterogeneous land quality; Crop Production/Industries; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/44400
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Ethanol and a Changing Agricultural Landscape AgEcon
Malcolm, Scott A.; Aillery, Marcel P.; Weinberg, Marca.
The Energy Independence and Security Act (EISA) of 2007 established specific targets for the production of biofuel in the United States. Until advanced technologies become commercially viable, meeting these targets will increase demand for traditional agricultural commodities used to produce ethanol, resulting in land-use, production, and price changes throughout the farm sector. This report summarizes the estimated effects of meeting the EISA targets for 2015 on regional agricultural production and the environment. Meeting EISA targets for ethanol production is estimated to expand U.S. cropped acreage by nearly 5 million acres by 2015, an increase of 1.6 percent over what would otherwise be expected. Much of the growth comes from corn acreage, which...
Tipo: Report Palavras-chave: Biofuels; Corn ethanol; Regional crop mix; Regional environmental effects; Water quality; Water use; Cellulosic ethanol; Crop residues; Livestock; Regional Environment and Agriculture Programming (REAP) Model; Renewable fuel standard; Environmental Economics and Policy; Research and Development/Tech Change/Emerging Technologies.
Ano: 2009 URL: http://purl.umn.edu/55671
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Food Security and Biofuels Development: The Case of China AgEcon
Dong, Fengxia.
Biofuels production is expanding rapidly all over the world, driven by rising crude oil prices, the desire of countries to be energy independent, and concerns about climate change. As developed countries, especially the United States, are expanding biofuels production, developing countries are expanding their biofuels industries as well, to power their growing economies. However, developing countries must address the food security issue when they develop biofuels. As China is a developing country with rapid economic growth, population growth, significant demand for fuels, and food security concerns, it serves as a good example for studying the opportunities and challenges faced by developing countries under current conditions. This study analyzes the...
Tipo: Working or Discussion Paper Palavras-chave: Biofuels; Food security; China; Food Security and Poverty; Resource /Energy Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/7699
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The Implications of Alternative Biofuel Policies on Carbon Leakage AgEcon
Drabik, Dusan; de Gorter, Harry; Just, David R..
We show carbon leakage depends on the type of biofuel policy (tax credit versus mandate), the domestic and foreign gasoline supply and fuel demand elasticities, and on consumption and production shares of world oil markets for the country introducing the biofuel policy. The components of carbon leakage – market leakage and emissions savings – are counteracting: carbon leakage increases with market leakage but decreases with emissions savings. We also distinguish domestic and international leakage where the latter is always positive, but domestic leakage can be negative with a mandate. The IPCC definition of leakage omits domestic leakage, resulting in biased estimates. Leakage with a tax credit always exceeds that of a mandate, while the combination of a...
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Tax credit; Mandate; Market leakage; Carbon leakage; Emissions savings; Domestic leakage; Resource /Energy Economics and Policy; Q27; Q41; Q42; Q54.
Ano: 2011 URL: http://purl.umn.edu/114432
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Agriculture and Biofuels Issues: Cellulose, Greenhouse Gases, and EU and U.S. Policies AgEcon
Tyner, Wallace E..
Tipo: Journal Article Palavras-chave: Biofuels; Energy Policy; Biofuels Economics; Biofuels Policy; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/94660
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