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Costs and Benefits to Taxpayers, Consumers, and Producers from U.S. Ethanol Policies AgEcon
Babcock, Bruce A.; Barr, Kanlaya J.; Carriquiry, Miguel A..
The U.S. ethanol industry is lobbying hard for an extension of existing ethanol import tariffs and blenders tax credits before they expire at the end of 2010. The purpose of this study is to examine the likely consequences on the U.S. ethanol industry, corn producers, taxpayers, fuel blenders, and fuel consumers if current policy is not extended. Impacts of different ethanol policies in both 2011 and 2014 were estimated. Estimates were obtained by developing a new stochastic model that calculates market-clearing prices for U.S. ethanol, Brazilian ethanol, and U.S. corn. The model is stochastic because market-clearing prices are calculated for 5,000 random draws of corn yields and wholesale gasoline prices. Key assumptions in this study are that the...
Tipo: Report Palavras-chave: Blenders tax credit; Brazilian ethanol; Ethanol import tariffs; U.S. ethanol policy.; Crop Production/Industries; Demand and Price Analysis; International Relations/Trade; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/92383
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Agricultural Land Elasticities in the United States and Brazil AgEcon
Barr, Kanlaya J.; Babcock, Bruce A.; Carriquiry, Miguel A.; Nassar, Andre Meloni; Harfuch, Leila.
The elasticity of aggregate supply is one key to understanding the degree to which policy-induced increases in demand for biofuel feedstocks or agricultural CO2 offsets will result in higher prices or expanded supply. In this paper we report land supply elasticities for the United States and Brazil estimated directly from the observed changes in cropland and estimated changes in expected returns. The resulting aggregate implied land-use elasticities with respect to price are quite inelastic in the United States and more elastic in Brazil (0.007-0.029 and 0.382-0.895, respectively). However, with pasture land included in Brazil, implied elasticities become much less inelastic (0.007-0.245).
Tipo: Working or Discussion Paper Palavras-chave: Acreage elasticity; Brazil; Indirect land-use change; Land-use elasticities.; Agricultural and Food Policy; Land Economics/Use; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/58047
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