U.S. AGRICULTURAL POLICY AND GASOHOL: SIMULATION OF SOME POLICY ALTERNATIVES

Ronald L. Meekhof, Wallace Tyner and Forrest D. Holland

No 277835, 1979 Annual Meeting, July 29-August 1, Pullman, Washington from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The utilization of agricultural production to meet the nation's energy needs has emerged as a significant issue in public policy and legislative debate. One of the major types of programs being discussed are those encouraging gasohol production. The research evaluates the implications of alternative gasohol programs; for a large segment of the food and agricultural sector-corn and soybean producers consumers, and taxpayers. The impacts on corn and soybean prices, production, acreage planted, carryover stocks, exports, and commodity program expenditures are presented. The research findings indicate that alcohol production levels below 2.0 billion gallons do not result in serious dislocations in the agricultural sector. As the level of alcohol production increases and more grain is required, corn prices rise significantly, stocks fall to extremely low levels, exports decline, and government expenditures increase greatly.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 32
Date: 1979-07
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/277835/files/aaea-1979-048.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea79:277835

DOI: 10.22004/ag.econ.277835

Access Statistics for this paper

More papers in 1979 Annual Meeting, July 29-August 1, Pullman, Washington from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Bibliographic data for series maintained by AgEcon Search ().