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Emerging biofuels : outlook of effects on U.S. grain, oilseed, and livestock markets

ผู้แต่ง: Simla Tokgoz; et al
สำนักพิมพ์: [Ames, Iowa : Center for Agricultural and Rural Development, 2007?]
ชุด: Staff report (Iowa State University. Center for Agricultural and Rural Development), 07-SR 101.
ครั้งที่พิมพ์/รูปแบบ:   หนังสืออีเล็กทรอนิกส์ : รัฐหรือจังหวัด : Englishดูครั้งที่พิมพ์และรูปแบบ
ฐานข้อมูล:WorldCat
สรุป:
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  อ่านมากขึ้น…
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ขนิดวัสดุ: สิ่งพิมพ์รัฐบาล, รัฐหรือจังหวัด, ทรัพยากรอินเตอร์เน็ต
ประเภทของเอกสาร: แหล่งข้อมูลอินเทอร์เน็ต
ผู้เขียนทั้งหมด : ผู้เขียนร่วม Simla Tokgoz; et al
OCLC Number: 137337252
หมายเหตุ: "May 2007."
Title taken from PDF title screen (viewed June 4, 2007).
คำอธิบาย: 41 p. : digital, PDF file.
รายละเอียด: Mode of access: World Wide Web.; System requirements: Adobe Acrobat Reader.
หัวข้อชุด: Staff report (Iowa State University. Center for Agricultural and Rural Development), 07-SR 101.
ความรับผิดชอบ Simla Tokgoz ... [et al.].

บทคัดย่อ:

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 th 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 the increase the prices of biodiesel and switchgrass ethanol also increase the price of corn-based 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.

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