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fossil energy and biofuel markets, and a new trend toward corn oil extraction in ethanol plants. At one extreme, one scenario … bottleneck in ethanol demand growth when the energy price is high. Of the remaining two scenarios, one considers a pure market … force driving ethanol demand growth because of the high energy price while the other is a policy-induced shock with removal …
Persistent link: https://www.econbiz.de/10005105889
The outlook for U.S. corn markets is inextricably linked to what happens to the U.S. ethanol industry, which depends … prices, and capacity of the ethanol industry. Our results indicate that integration of gasoline and corn markets has … increased corn price volatility and that the passage of the expanded ethanol mandates in the Energy Independence and Security …
Persistent link: https://www.econbiz.de/10005105895
cropland quality, as represented by row-crop corn suitability rating index, is about $1.05. Ethanol plants are not found to …
Persistent link: https://www.econbiz.de/10005034942
Using pooled regional time-series data and panel data estimation, we quantify the impact of monthly ethanol production … on monthly retail regular gasoline prices. This analysis suggests that the growth in ethanol production has caused retail … negative impact of ethanol on gasoline prices varies considerably across regions. The Midwest region has the biggest impact, at …
Persistent link: https://www.econbiz.de/10005034943
growing feedstock for ethanol (corn, sorghum, wheat, sugarcane, and other grains) and major crops competing with feedstock for … land resources such as oilseeds. We shock the model with exogenous changes in ethanol demand, first in the United States … for ethanol. Land moves away from major crops and pasture competing for resources with feedstock crops. Because of the …
Persistent link: https://www.econbiz.de/10005034946
The ongoing growth of corn-based ethanol production raises some fundamental questions about what impact continued … growth will have on U.S. and world agriculture. Estimates of the long-run potential for ethanol production can be made by … calculating the corn price at which the incentive to expand ethanol production disappears. Under current ethanol tax policy, if …
Persistent link: https://www.econbiz.de/10005034948
Based on a transparent analytical model of multiple markets including corn, ethanol, gasoline, and transportation fuel …, this study estimates the welfare changes for consumers and producers resulting from ethanol production and related support …
Persistent link: https://www.econbiz.de/10005034950
Brazilian ethanol markets using a multi-market international ethanol model calibrated on 2005 market data and policies. The … removal of trade distortions induces a 23.2 percent increase in the price of world ethanol on average between 2006 and 2015 … relative to the baseline. The U.S. domestic ethanol price decreases by 14.1 percent, which results in a 7.5 percent decline in …
Persistent link: https://www.econbiz.de/10005034951
This study analyzes the impact of price shocks in three input and output markets critical to ethanol: gasoline, corn …, and sugar. We investigate the impact of these shocks on ethanol and related agricultural markets in the United States and … Brazil. We find that the composition of a country's vehicle fleet determines the direction of the response of ethanol …
Persistent link: https://www.econbiz.de/10005034958
corn and ethanol markets and explore statistical evidence for the link. We propose that a long-run no-profit condition is … established in distant futures markets for ethanol, corn, and natural gas and then use the theory of storage to define an inter …
Persistent link: https://www.econbiz.de/10008756477