Implications of a US Carbon Tax on Agricultural Markets and GHG Emissions from Land-use Change

Jerome Dumortier and Amani Elobeid

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: The Energy Innovation and Carbon Dividend Act, which proposes a carbon tax of $15/ton of carbon dioxide equivalent, was introduced to the House of Representatives in 2019. Jerome Dumortier and Amani Elobeid use a CARD model to assess the impacts of the carbon tax on agricultural producers and find that while farmers could face higher productions costs, a projected increase in commodity prices and a projected decrease in crop area lessens the effects on profitability. Amani Elobeid is an international sugar and ethanol analyst at CARD. Her past APR articles have examined the impact of African swine fever on US and world commodity markets and the linkages between agriculture and energy in Iowa's biofuels industry .

Date: 2020-02
New Economics Papers: this item is included in nep-agr and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:apr-winter-2020-4

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