Data/hora: 02/06/2024 11:52:45

Provedor de dados: 	31	
País: 	United States	
Título: 	Welfare Changes from the U.S. Ethanol Tax Credit: The Role of Uncertainty and Interlinked Commodity Markets	
Autores: 	Baker,   Mindy L.	
Data: 	2008-12-02	
Ano: 	2008	
Palavras-chave: 	Biofuel; Commodity; Ethanol; Tax credit; Uncertainty; Welfare.; Risk and Uncertainty; Resource /Energy Economics and Policy; Crop Production/Industries; Food Security and Poverty.	
Resumo: 	A model of the corn, soybean, and wheat markets calculates welfare effects of the U.S. ethanol tax credit. Crop yields are uncertain, and demand consists of feed, food, energy, and exports. Modeling uncertainty in crop yields allows the valuation of deficiency payments as options. Disaggregating demand records who benefits from the tax credit and by how much; incorporating linked crop markets captures indirect effects important for determining the transfer from consumers to producers. There is $600 million in net welfare loss, increased taxpayer liability, and a large transfer from consumers to farmers. A brief comparison of recent literature is included.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/45627	
Relação: 	Iowa State University&gt;Center for Agricultural and Rural Development&gt;CARD Working Paper Series

CARD Working Paper

08-WP 483	
Formato: 	29