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Global biofuel production has increased over tenfold since 2000 and numerous biofuel production plants have been built in the Great Plains region. We estimate the impact of biofuel plants on the agricultural economy with county-level data on the number of farm operators, net farm income (NFI),...
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A dynamic three-commodity rational-expectations storage model is used to compare the impact of the Federal Agricultural Improvement and Reform (FAIR) Act of 1996 with a free-market policy, and with pre-FAIR policies. Results suggest that FAIR did not lead to significant increases in long-run...
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