Main Title |
Emerging biofuels : outlook of effects on U.S. grain, oilseed, and livestock markets / |
Author |
Tokgoz, Simla.
|
Other Authors |
|
Publisher |
Center for Agricultural and Rural Development, |
Year Published |
2007 |
OCLC Number |
943933116 |
Subjects |
Biomass energy ;
Energy crops--United States ;
Corn industry--United States ;
Fuel ;
Alcohol fuel industry ;
Fuel trade ;
Food prices--United States ;
Agricultural prices--United States
|
Internet Access |
|
Holdings |
Library |
Call Number |
Additional Info |
Location |
Last Modified |
Checkout Status |
EJBM POD |
Internet only |
|
Headquarters Library/Washington,DC |
06/08/2007 |
|
Collation |
1 online resource (41 pages) : color illustrations, color maps. |
Notes |
"May 2007." Includes bibliographical references (page 42). Print version record. Electronic reproduction. |
Contents Notes |
Projections of U.S. ethanol production and its impacts on planted acreage, crop prices, livestock production and prices, trade, and retail food costs are presented under the assumption that current tax credits and trade policies are maintained. The projections were made using a multi-product, multi-country deterministic partial equilibrium model. The impacts of higher oil prices, a drought combined with an ethanol mandate, and removal of land from the Conservation Reserve Program (CRP) relative to baseline projections are also presented. The results indicate that expanded U.S. ethanol production will cause long-run crop prices to increase. In response to higher feed costs, livestock farmgate prices will increase enough to cover the feed cost increases. Retail meat, egg, and dairy prices will also increase. If oil prices are permanently $10-per-barrel higher than assumed in the baseline projections, U.S. ethanol will expand significantly. The magnitude of the expansion will depend on the future makeup of the U.S. automobile fleet. If sufficient demand for E-85 from flex-fuel vehicles is available, corn-based ethanol production is projected to increase to over 30 billion gallons per year with the higher oil prices. The direct effect of higher feed costs is that U.S. food prices would increase by a minimum of 1.1% over baseline levels. Results of a model of a 1988-type drought combined with a large mandate for continued ethanol production show sharply higher crop prices, a drop in livestock production, and higher food prices. Corn exports would drop significantly, and feed costs would rise. Wheat feed use would rise sharply. Taking additional land out of the CRP would lower crop prices in the short run. But because long-run corn prices are determined by ethanol prices and not by corn acreage, the long-run impacts on commodity prices and food prices of a smaller CRP are modest. Cellulosic ethanol from switchgrass and biodiesel from soybeans do not become economically viable in the Corn Belt under any of the scenarios. This is so because high energy costs that increase the prices of biodiesel and switchgrass ethanol also increase the price of cornbased ethanol. So long as producers can choose between soybeans for biodiesel, switchgrass for ethanol, and corn for ethanol, they will choose to grow corn. Cellulosic ethanol from corn stover does not enter into any scenario because of the high cost of collecting and transporting corn stover over the large distances required to supply a commercial-sized ethanol facility. |
Place Published |
Ames, Iowa |
Access Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
Title Ser Add Ent |
Staff report (Iowa State University. Center for Agricultural and Rural Development) ; 07-SR 101. |
PUB Date Free Form |
2007 |
Series Title Untraced |
Staff report ; 07-SR 101 |
BIB Level |
m |
Medium |
computer |
Content |
text |
Carrier |
online resource |
Cataloging Source |
OCLC/T |
Merged OCLC records |
137337252 |
OCLC Time Stamp |
20170727065017 |
Language |
eng |
Origin |
OCLC |
Type |
CAT |
OCLC Rec Leader |
05713cam 2200721Ka 45110 |