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Making the market: How U.S. Policy influences near term agriculture and biofuel industry production and profitability under technology adoption AgEcon
Meyer, Seth D.; Binfield, Julian C.R.; Westhoff, Patrick C..
The beneficiaries of technology adoption in agriculture and biofuels markets in the United States are heavily influenced by domestic biofuel policies and market context. Biofuel mandates, one of the key pillars of domestic biofuel policies, may significantly alter the elasticity of demand for biofuels as well as the derived demand for maize used to produce a significant share of ethanol in the United States. Using a stochastic agriculture and biofuels model, we assess how the introduction of technology may affect the crops and biofuel markets under binding and non-binding biofuel mandates and discuss the implications for analysis of EU biofuel policies.
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Policy; Technology adoption; Mandates; Agricultural and Food Policy; Farm Management; Land Economics/Use.
Ano: 2010 URL: http://purl.umn.edu/61089
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The Impact of Feedstock Supply and Petroleum Price Variability on Domestic Biofuel and Feedstock Markets – The Case of the United States AgEcon
Yano, Yuki; Blandford, David; Surry, Yves R..
The promotion of biofuel use in preference to traditional petroleum-based transportation fuel has linked agricultural commodity markets and energy markets more closely together. Biofuel policies can involve multiple policy instruments, but studies examining their effects on biofuel feedstock and energy markets are scarce. In addition, the impact of alternative policy approaches in the context of variability in petroleum prices and the supply of biofuel feedstock has received limited attention. Focusing on the current situation in the United States, in which prohibitively high duties prevent imports of ethanol, this paper examines how variability in the price of petroleum and corn supply affects domestic market variability under three types of domestic...
Tipo: Working or Discussion Paper Palavras-chave: Biofuels; Subsidies; Mandates; Variability; Agricultural and Food Policy; International Relations/Trade; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/58486
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