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The Impact of Biofuel Mandates and Switchgrass Production on Hay Markets AgEcon
Acheampong, Kwame; Dicks, Michael R.; Adam, Brian D..
The Renewable Fuel Standard mandate in the Energy Independence and Security Act of 2007 requires 16 billion gallons out of 36 billion gallons of ethanol be produced from cellulosic feedstocks in 2022, but the mandate was apparently enacted without critical assessments of the agricultural impacts of attempting to achieve energy independence. The feedstock production will likely compete with lands currently used for producing other traditional crops of which hay is likely to be affected the most since it has comparatively lower net returns. Thus ruminant production will consequently be affected greatly. This study uses ordinary least squares (OLS) to estimate and predict Oklahoma hay price which is used as objective value in linear programming (LP) model...
Tipo: Conference Paper or Presentation Palavras-chave: Biofuel mandates; Switchgrass production; Hay production; Hay markets.; Agricultural and Food Policy; Environmental Economics and Policy; Production Economics; Research and Development/Tech Change/Emerging Technologies; Resource /Energy Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/98797
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