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Past studies that examine the impact of ethanol mandates on fuel prices make the assumption that ethanol and gasoline … and infrastructure rigidities that restrict how ethanol can be consumed in the United States. Our objective here is to … impacts of higher ethanol mandates using a new open-economy, partial equilibrium model of gasoline, ethanol, and blending …
Persistent link: https://www.econbiz.de/10011170181
the markets for the raw commodities they produce. Value-added enterprises, such as ethanol production, have been expanding … of an ethanol production cooperative. The product has the potential to provide these producers with a new and useful risk … management tool to insure against price risks in the markets for corn, distillers dried grains with solubles (DDGS), ethanol, and …
Persistent link: https://www.econbiz.de/10005786371
input use and land allocation decisions with ethanol and agricultural commodity markets. Crops can be substitutes or … cropland expansion. The impacts of yield increases for other crops are ambiguous. With a quantity mandate for ethanol, higher …
Persistent link: https://www.econbiz.de/10005786450
A myriad of policy issues and questions revolve around understanding the bioeconomy. To gain insight, we develop a stochastic and dynamic general equilibrium model and capture the uncertain nature of key variables such as crude oil prices and commodity yields. We also incorporate acreage...
Persistent link: https://www.econbiz.de/10005272817
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/10005034935
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
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/10005105887
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