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...

The material contained herein is supplementary to the article named in the title and published in the American Journal of Agricultural Economics, Volume 90, Number 1, February 2008

This study compared and analyzed actual 1989 production costs for representative regional feedlots in the U.S. The results show that grain-surplus regions have lower total costs and poorer feeding efficiencies. The analysis suggests that Iowa has a comparative advantage in producing heavily...

We project U.S. ethanol production and its impact on planted acreage, crop prices, livestock production, trade, and retail food costs. The projections are made using a multicommodity, multicountry, partial equilibrium model. Results indicate that expanded U.S. ethanol production will cause...

The FAPRI 2009 U.S. and World Agricultural Outlook presents projections of world agricultural production, consumption, and trade under average weather patterns, existing farm policy, and policy commitments under current trade agreements and custom unions. The outlook uses a macroeconomic...

 We examined four evolution paths of the biofuel sector using a partial equilibrium world agricultural sector model in CARD that includes the new RFS in the 2007 EISA, a two-way relationship between fossil energy and biofuel markets, and a new trend toward corn oil extraction in ethanol plants....

Beef is a heterogenous commodity, which makes it difficult to compare beef prices on an international level. This article evaluates several methods of comparing beef prices for use in measuring both comparative advantage and the rate of protection. The most suitable method is one that compares...