Assessing the food vs. fuel issue: An agent-based simulation

Bijon Brown, Richard Schoney and James Nolan

Energy Policy, 2021, vol. 159, issue C

Abstract: Energy security and environmental concerns are critical issues for North America. The development of the bio-fuel industry has given grain farmers another crop option. Trends towards renewable fuels could also put fuel production at odds with traditional food agriculture, a situation referred to as the “food vs. fuel” debate. This research models profit maximizing farm crop choices as energy crops become a crop option. We develop a simulation to estimate the oil price level where farmers would switch from the production of grain for food over to bio-energy crops. We also investigate consequences associated with this process on the elevator industry.

Keywords: Agriculture; Biofuel; Simulation (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:159:y:2021:i:c:s0301421521004237

DOI: 10.1016/j.enpol.2021.112553

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