We employ an open economy general equilibrium model to investigate the effects of governmentenergy policy, with an emphasis on corn-based ethanol, on the U.S. economy. The modelspecification incorporates world and domestic markets, assumes pollution costs from fuelconsumption, and allows...

Significant government support for biofuels has led to rapid growth in U.S. ethanol production andresearch to develop more advanced biofuels. In this paper we construct a general equilibrium, openeconomy model that captures the rationale typically invoked to justify government intervention in...

Iowa's farmland consists of over 16% hay crops and pastureland, a significant portion of which is under cash rental contracts. This study investigates the comparative relationships between cash rental rates for cropped land and non-cropped land, where the latter includes hay and pastureland. We...

We summarize a large set of recent simulations and policy analyses based on FAPRI’s world multimarket, partial-equilibrium models. We first quantify and project the emergence of biofuel markets in US and world agriculture for the coming decade. Then, we perturb the models with incremental...

We quantify the emergence of biofuel markets and its impact on U.S. and world agriculture for the coming decade using the multi-market multi-commodity international FAPRI model. The model incorporates the tradeoffs between biofuel, feed, and food production and consumption and international...

We assess the impact of a potential TTIP bilateral free trade agreement on the EU and US bio-economies (feedstock, biofuels, by-products, and related competing crops) and major trade partners in these markets. The analysis develops a multi-market model that incorporates bilateral trade flows (US...

During the past half century, per-acre maize yields have increased due to improved cultivars, better management, and favorable weather.  Recent US biofuel legislation, e.g., revised Renewable Fuel Standard, has increased the demand for bio-fuel and added competition for available cropland. ...

The potential of biomass for alternative energy production has attracted considerable attention because of associated implications for energy security, food supply, and climate change. This paper considers the economic impacts of spatial variation and landowner behavior on potential biomass...

With rapid expansion of biofuel production, major concerns have arisen over higher food costs and competition between food, feed, and biofuel for energy-rich commodities.  Most projections are based on short- and intermediate-term commodity price shocks.  We estimate long-term biofuel demand...

We present results from an application of the Biofuel Breakeven program (BioBreak) to 14 US cellulosic ethanol markets that vary by feedstock and location.  BioBreak estimates the economic costs of cellulosic biofuel production for each market and identifies the necessary conditions to sustain...