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| Koo, Won W.; Taylor, Richard D.. |
| A global multi-commodity simulation model was developed to estimate the impact of changes in ethanol production on the U.S. corn industry. Increased ethanol production under the Energy Acts of 2005 and 2007 resulted in a significant increase in the price of corn. However, for corn-based ethanol production, the break-even price of corn is approximately $4.52 per bushel with a federal subsidy of $0.51 per gallon of pure ethanol and $2.50 gasoline. With a corn price of $4.52, the economically desirable ethanol production is approximately 11 billion gallons. In order to produce 15 billion gallons of corn-based ethanol and to maintain the price of corn at $4.52 per bushel, supply of corn in the U.S. should be increased substantially through increases in corn... |
| Tipo: Report |
Palavras-chave: Ethanol; Price impacts; Supply; Demand; Econometric simulation; HFCS; Resource /Energy Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/6201 |
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| Andino, Jose; Taylor, Richard D.; Koo, Won W.. |
| This study analyzes the effect of a potential increase in sugar imports from Mexico on the U.S. sugar price, and its consequences for producers and consumers. Additional sugar imports would cause a substantial reduction of sugar prices in the United States and consequently an increase in consumption. Due to low commodity prices, acreage and total production of beet and cane sugar in the United States are expected to fall. Under these circumstances, social welfare in the United States may increase; however, welfare benefits may go to food processors rather than consumer households. By contrast, increases in sugar imports would substantially hurt sugar beet and cane producers. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Mexican Sugar; HFCS; NAFTA; U.S. Sugar; International Relations/Trade. |
| Ano: 2006 |
URL: http://purl.umn.edu/23490 |
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| Beghin, John C.. |
| This background paper is devoted to US sugar policy. A first section describes the features and economics of the US sugar program; a second section is devoted to the welfare and trade effects of the US sugar program; and a final section reports on potential emerging reforms, their expected effects, and implications. Beyond well-established findings on the social cost and inefficiency of the US sugar program, the main findings of this paper are as follows. The current sugar program is becoming unsustainable because sugar imports are progressively creeping into the US market through regional trade agreements, eventually inducing large sugar inventories, or contracting domestic production to unpalatable low levels in order to maintain high internal prices.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Dispute; HFCS; NAFTA; Sugar; Sugar program; Sweetener; Trade; TRQ; US farm bill; Agricultural and Food Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/9374 |
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