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Registros recuperados: 23 | |
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Hayes, Dermot J.; Babcock, Bruce A.; Fabiosa, Jacinto F.; Tokgoz, Simla; Elobeid, Amani E.; Yu, Tun-Hsiang (Edward); Dong, Fengxia; Hart, Chad E.; Chavez, Eddie C.; Pan, Suwen; Carriquiry, Miguel A.; Dumortier, Jerome. |
We examined four evolution paths of the biofuel sector using a partial equilibrium world agricultural sector model in CARD that includes the new RFS in the 2007 EISA, a two-way relationship between fossil energy and biofuel markets, and a new trend toward corn oil extraction in ethanol plants. At one extreme, one scenario eliminates all support to the biofuel sector when the energy price is low, while the other extreme assumes no distribution bottleneck in ethanol demand growth when the energy price is high. The third scenario considers a pure market force driving ethanol demand growth because of the high energy price, while the last is a policy-induced shock with removal of the biofuel tax credit when the energy price is high. Standard results hold where... |
Tipo: Journal Article |
Palavras-chave: Biofuel; EISA; Ethanol; Tax credit; World agricultural sector model; Agribusiness; Consumer/Household Economics; Crop Production/Industries; Demand and Price Analysis; International Relations/Trade; Livestock Production/Industries; Political Economy; Production Economics; Resource /Energy Economics and Policy; Q13; Q18; Q38. |
Ano: 2009 |
URL: http://purl.umn.edu/53093 |
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Yu, Tun-Hsiang (Edward); Hart, Chad E.. |
This paper examines the impact of biofuel expansion on grain utilization and distribution at the state and cropping district level as most of grain producers and handlers are directly influenced by the local changes. We conducted a survey to understand the utilization and flows of corn, ethanol and its co-products, such as dried distillers grains (DDG) in Iowa. Results suggest that the rapidly expanding ethanol industry has a significant impact on corn utilization in Iowa. Comparing to the earlier survey results, ethanol plants drew a considerable amount of corn away from traditional destination markets, such as feeders or export markets. A major portion of corn supplies came from in-state sources, while the sales of Iowa ethanol and DDG were dominated by... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Biofuel; Grain; Utilization; Marketing. |
Ano: 2009 |
URL: http://purl.umn.edu/46847 |
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Yu, Tun-Hsiang (Edward); Hart, Chad E.. |
Driven by the expanding production of biofuels, the linkage between the agricultural and energy markets is evolving, and that has changed the market for agricultural commodities dramatically. These developments in agricultural markets consequently shifted the distribution of domestic grains and feeds and the utilization of shipping modes for these agricultural products. As the leading producer of corn, soybeans, and biofuels, Iowa is at the forefront of this shift. Because of the importance of maintaining an adequate state transportation system to accommodate the evolving patterns of grain and biofuel flows, it is important to have current information about grain flows from farms and country elevators to destination markets, along with the information... |
Tipo: Report |
Palavras-chave: Agribusiness; Crop Production/Industries. |
Ano: 2009 |
URL: http://purl.umn.edu/52602 |
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Brookes, Graham; Yu, Tun-Hsiang (Edward); Tokgoz, Simla; Elobeid, Amani E.. |
Biotechnology crop traits have been applied on a widespread commercial global basis since 1996, making it the most rapidly adopted crop technology in agriculture. The primary biotechnologies used have included technology delivering herbicide tolerance and insect resistance for crops, such as corn, soybeans, cotton, and canola. This technology has provided farmers with productivity improvements through a combination of yield improvements and cost reductions. Thus, this technology has had an impact on prices of cereals and oilseeds (and their derivatives) both in countries where biotech traits were applied and in the global market. Realizing the surging significance of biotechnology application in global crop markets, this study first summarizes the... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Biotech crops; Prices; Yield; Soybeans; Corn; Canola; Partial-equilibrium model; Price effects; Demand and Price Analysis; Productivity Analysis. |
Ano: 2010 |
URL: http://purl.umn.edu/61164 |
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Yu, Tun-Hsiang (Edward); Bessler, David A.; Fuller, Stephen W.. |
Transportation rates are vital components in the structure of U.S. grain exports. In this paper we study the dynamic properties of corn and soybean prices, and barge, rail and ocean shipping rates using time series analysis on monthly 1992-2001 data. Using Error Correction Model and Directed Acyclic Graphs, we capture the interconnectivity between the transportation rates and grain prices at selected domestic and export markets. We find Illinois processor prices are important sources of price discovery for both corn and soybeans. Further, barge rates explain about 2-4% of the variation in grain prices while rail rates explain about 10-12% of the variation in corn and soybean prices. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Public Economics. |
Ano: 2004 |
URL: http://purl.umn.edu/20339 |
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Fabiosa, Jacinto F.; Beghin, John C.; Dong, Fengxia; Elobeid, Amani E.; Tokgoz, Simla; Yu, Tun-Hsiang (Edward). |
We quantify the emergence of biofuel markets and its impact on U.S. and world agriculture for the coming decade using the multi-market multi-commodity international FAPRI model. The model incorporates the tradeoffs between biofuel, feed, and food production and consumption and international feedback effects of the emergence through world commodity prices and trade. We examine land allocation by type of crop, and pasture use for countries growing feedstock for ethanol (corn, sorghum, wheat, sugarcane, and other grains) and major crops competing with feedstock for land resources such as oilseeds. We shock the model with exogenous changes in ethanol demand, first in the United States, then in Brazil, China, EU, and India, and compute shock multipliers for... |
Tipo: Working or Discussion Paper |
Palavras-chave: Acreage; Area; Biofuel; Corn; Crops; Ethanol; FAPRI model; Feedstock; Land; Sugar; Sugarcane; Land Economics/Use; Resource /Energy Economics and Policy; Q42; Q17; Q15. |
Ano: 2008 |
URL: http://purl.umn.edu/6183 |
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Brookes, Graham; Yu, Tun-Hsiang (Edward); Tokgoz, Simla; Elobeid, Amani E.. |
Biotech crops have now been grown commercially on a substantial global scale since 1996. This paper examines the production effects of the technology and impacts on cereal and oilseed markets through the use of agricultural commodity models. It analyses the impacts on global production, consumption, trade and prices in the soybean, canola and corn sectors. The analysis suggests that world prices of corn, soybeans and canola would probably be, respectively, 5.8%, 9.6% and 3.8% higher, on average, than 2007 baseline levels if this technology was no longer available to farmers. Prices of key derivatives of soybeans (meal and oil) would also be between 5% and 9% higher, with rapeseed meal and oil prices being about 4% higher than baseline levels. World prices... |
Tipo: Working or Discussion Paper |
Palavras-chave: Biotechnology; Cereals; Crop yields; Oilseeds; Price effects; Productivity.; Crop Production/Industries; Demand and Price Analysis; Productivity Analysis. |
Ano: 2010 |
URL: http://purl.umn.edu/56984 |
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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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Tokgoz, Simla; Elobeid, Amani E.; Fabiosa, Jacinto F.; Hayes, Dermot J.; Babcock, Bruce A.; Yu, Tun-Hsiang (Edward); Dong, Fengxia; Hart, Chad E.; Beghin, John C.. |
Projections of U.S. ethanol production and its impacts on planted acreage, crop prices, livestock production and prices, trade, and retail food costs are presented under the assumption that current tax credits and trade policies are maintained. The projections were made using a multi-product, multi-country deterministic partial equilibrium model. The impacts of higher oil prices, a drought combined with an ethanol mandate, and removal of land from the Conservation Reserve Program (CRP) relative to baseline projections are also presented. The results indicate that expanded U.S. ethanol production will cause long-run crop prices to increase. In response to higher feed costs, livestock farmgate prices will increase enough to cover the feed cost increases.... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Biofuels; Corn acreage; Crop prices; Ethanol production; Food prices; Resource /Energy Economics and Policy. |
Ano: 2007 |
URL: http://purl.umn.edu/9811 |
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Yu, Tun-Hsiang (Edward); Hart, Chad E.. |
This report is divided into two sections. The first part reports the statewide results for each of five surveyed groups: Iowa grain marketers, Iowa grain handlers, Iowa corn processors, Iowa soybean processors, and Iowa biodiesel producers. The state-level results provide a general idea of the grain and biofuel flows that occurred and the transportation that was utilized in the biofuel-boom era. In order to gain further insights into the regional level data, we present the survey results of grain marketers and handlers in each crop reporting district (CRD) in the second part of the report. |
Tipo: Report |
Palavras-chave: Crop Production/Industries; Resource /Energy Economics and Policy. |
Ano: 2008 |
URL: http://purl.umn.edu/44298 |
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Hayes, Dermot J.; Babcock, Bruce A.; Fabiosa, Jacinto F.; Tokgoz, Simla; Elobeid, Amani E.; Yu, Tun-Hsiang (Edward); Dong, Fengxia; Hart, Chad E.; Chavez, Eddie C.; Pan, Suwen; Carriquiry, Miguel A.; Dumortier, Jerome. |
We examine four scenarios for the evolution of the biofuel sector using a partial equilibrium model of the world agricultural sector. The model includes the new Renewable Fuels Standard in the 2007 energy act, the two-way relationship between fossil energy and biofuel markets, and a new trend toward corn oil extraction in ethanol plants. At one extreme, one scenario eliminates all support to the biofuel sector when the energy price is low, while the other extreme assumes no distribution bottleneck in ethanol demand growth when the energy price is high. Of the remaining two scenarios, one considers a pure market force driving ethanol demand growth because of the high energy price while the other is a policy-induced shock with removal of the biofuel tax... |
Tipo: Working or Discussion Paper |
Palavras-chave: Biofuels; EISA; Ethanol; Tax credit; World agricultural sector model.; Agricultural and Food Policy. |
Ano: 2009 |
URL: http://purl.umn.edu/48597 |
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Beghin, John C.; Dong, Fengxia; Elobeid, Amani E.; Fabiosa, Jacinto F.; Fuller, Frank H.; Hart, Chad E.; Kovarik, Karen; Tokgoz, Simla; Yu, Tun-Hsiang (Edward); Wailes, Eric J.; Chavez, Eddie C.; Womack, Abner W.; Meyers, William H.; Binfield, Julian C.R.; Brown, D. Scott; Kruse, John R.; Madison, Daniel; Meyer, Seth D.; Westhoff, Patrick C.; Wilcox, Lori. |
The FAPRI 2007 U.S. and World Agricultural Outlook presents projections of world agricultural production, consumption, and trade under average weather patterns, existing farm policy, and policy commitments under current trade agreements and custom unions. The outlook uses a macroeconomic forecast developed by Global Insight. |
Tipo: Report |
Palavras-chave: Crop Production/Industries; International Relations/Trade; Livestock Production/Industries. |
Ano: 2007 |
URL: http://purl.umn.edu/7296 |
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Fabiosa, Jacinto F.; Beghin, John C.; Dong, Fengxia; Elobeid, Amani E.; Tokgoz, Simla; Yu, Tun-Hsiang (Edward). |
We quantify the emergence of biofuel markets and its impact on U.S. and world agriculture for the coming decade using the multi-market, multi-commodity international FAPRI (Food and Agricultural Policy Research Institute) model. The model incorporates the trade-offs between biofuel, feed, and food production and consumption and international feedback effects of the emergence through world commodity prices and trade. We examine land allocation by type of crop, and pasture use for countries growing feedstock for ethanol (corn, sorghum, wheat, sugarcane, and other grains) and major crops competing with feedstock for land resources such as oilseeds. We shock the model with exogenous changes in ethanol demand, first in the United States, then in Brazil, China,... |
Tipo: Working or Discussion Paper |
Palavras-chave: Acreage; Area; Biofuel; Corn; Crops; Ethanol; FAPRI model; Feedstock; Land; Sugar; Sugarcane.; Agricultural and Food Policy. |
Ano: 2009 |
URL: http://purl.umn.edu/48598 |
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Registros recuperados: 23 | |
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