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Social and Behavioral Sciences Commons

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Oil, Gas, and Energy

Iowa State University

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Full-Text Articles in Social and Behavioral Sciences

Land Allocation Effects Of The Global Ethanol Surge: Predictions From The International Fapri Model, Jacinto F. Fabiosa, John C. Beghin, Fengxia Dong, Amani E. Elobeid, Simla Tokgoz, Tun-Hsiang (Edward) Yu Mar 2009

Land Allocation Effects Of The Global Ethanol Surge: Predictions From The International Fapri Model, Jacinto F. Fabiosa, John C. Beghin, Fengxia Dong, Amani E. Elobeid, Simla Tokgoz, Tun-Hsiang (Edward) Yu

CARD Working Papers

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 (Food and Agricultural Policy Research Institute) model. The model incorporates the trade-offs between biofuel, feed, and food production and consumption and international feedback effects of the emergence through world commodity prices and trade. We examine land allocation by type of crop, and pasture use for countries growing feedstock for ethanol (corn, sorghum, wheat, sugarcane, and other grains) and major crops competing with feedstock for land resources such as oilseeds. We shock the model with ...


Implied Objectives Of U.S. Biofuel Subsidies, Ofir D. Rubin, Miguel Carriquiry, Dermot J. Hayes Feb 2008

Implied Objectives Of U.S. Biofuel Subsidies, Ofir D. Rubin, Miguel Carriquiry, Dermot J. Hayes

CARD Working Papers

Biofuel subsidies in the United States have been justified on the following grounds: energy independence, a reduction in greenhouse gas emissions, improvements in rural development related to biofuel plants, and farm income support. The 2007 energy act emphasizes the first two objectives. In this study, we quantify the costs and benefits that different biofuels provide. We consider the first two objectives separately and show that each can be achieved with a lower social cost than that of the current policy. Then, we show that there is no evidence to disprove that the primary objective of biofuel policy is to support ...


The Growth And Direction Of The Biodiesel Industry In The United States, Nicholas D. Paulson, Roger Ginder May 2007

The Growth And Direction Of The Biodiesel Industry In The United States, Nicholas D. Paulson, Roger Ginder

CARD Working Papers

The biodiesel industry in the United States has realized significant growth over the past decade through large increases in annual production and production capacity and a transition from smaller batch plants to larger-scale continuous producers. The larger, continuous-flow plants provide operating cost advantages over the smaller batch plants through their ability to capture co-products and reuse certain components in the production process. This paper uses a simple capital budgeting model developed by the authors along with production data supplied by industry sources to estimate production costs, return-on-investment levels, and break-even conditions for two common plant sizes (30 and 60 million ...