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Full-Text Articles in Social and Behavioral Sciences

Food Security And Biofuels Development: The Case Of China, Fengxia Dong Oct 2007

Food Security And Biofuels Development: The Case Of China, Fengxia Dong

CARD Briefing Papers

Biofuels production is expanding rapidly all over the world, driven by rising crude oil prices, the desire of countries to be energy independent, and concerns about climate change. As developed countries, especially the United States, are expanding biofuels production, developing countries are expanding their biofuels industries as well, to power their growing economies. However, developing countries must address the food security issue when they develop biofuels. As China is a developing country with rapid economic growth, population growth, significant demand for fuels, and food security concerns, it serves as a good example for studying the opportunities and challenges faced by ...


Emerging Biofuels: Outlook Of Effects On U.S. Grain, Oilseed, And Livestock Markets, Simla Tokgoz, Amani E. Elobeid, Jacinto F. Fabiosa, Dermot J. Hayes, Bruce A. Babcock, Tun-Hsiang (Edward) Yu, Fengxia Dong, Chad E. Hart, John C. Beghin Jul 2007

Emerging Biofuels: Outlook Of Effects On U.S. Grain, Oilseed, And Livestock Markets, Simla Tokgoz, Amani E. Elobeid, Jacinto F. Fabiosa, Dermot J. Hayes, Bruce A. Babcock, Tun-Hsiang (Edward) Yu, Fengxia Dong, Chad E. Hart, John C. Beghin

CARD Staff Reports

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 ...


A Comparative Analysis Of The Development Of The United States And European Union Biodiesel Industries, Miguel Carriquiry Jul 2007

A Comparative Analysis Of The Development Of The United States And European Union Biodiesel Industries, Miguel Carriquiry

CARD Briefing Papers

Worldwide production of biodiesel is growing at a rapid pace. Arguably, the European Union (EU) is the global leader in biodiesel production, but the United States has recently expanded its production. The growth of the biodiesel industry in both regions has been fueled by a series of government-provided financial incentives. However, the timing of the growth and incentive provisions, the nature of the main incentives, and the market conditions differ across regions. This article provides a comparative analysis of the EU and U.S. biodiesel industries, highlighting market and policy aspects that are leading to a rapid but distinct growth.


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 ...