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Agricultural Commodity Price Spikes in the 1970s and 1990s: Valuable Lessons for Today AgEcon
Peters, May; Langley, Suchada V.; Westcott, Paul C..
Tipo: Article Palavras-chave: Demand and Price Analysis.
Ano: 2009 URL: http://purl.umn.edu/124050
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Modeling Biofuels Expansion in a Changing Global Environment AgEcon
Peters, May; Somwaru, Agapi; Hansen, James M.; Seeley, Ralph; Dirkse, Steve.
This paper examines the impact of declining energy prices on biofuels production and use and its implications to agricultural commodity markets. It uses PEATSim, a dynamic partial equilibrium, multi-commodity, multi-country global trade model of the agriculture sector to analyze the interaction between biofuel, crop and livestock sectors. The ability of countries to achieve their energy goals will be affected by future direction of petroleum prices. A 50 percent decline in petroleum prices (absent of mandates) would result in rapid decline in biofuel use worldwide accompanied by a decline in feedstock and biofuel prices. About a 21 percent decline in U.S. cost of ethanol production is needed to make ethanol competitive with gasoline and to offset the...
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; PEATSim; Dynamic partial equilibrium model; Energy prices; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/51732
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