Policy intervention in the biofuel market has led to a significant increase in biofuel production and use in the past several years. However, the welfare effect of biofuelpolicies, specifically the ethanol tax credit for corn ethanol, ethanol import tariff andrenewable fuel standard (RFS)...

[Outline of Presentation:] Growth in World Food Consumption. Agricultural Production Prospects. Implications for Future Agricultural Trade. The Role of Public Policies. Trade Liberalization. Research and Communications Needs.