Crop-Based Biofuel Production with Acreage Competition and Uncertainty
Mindy Mallory (),
Dermot Hayes () and
Bruce Babcock ()
Staff General Research Papers Archive from Iowa State University, Department of Economics
This paper examines the role of uncertaincrude oil prices, uncertain crop yields, andcompetition for acreage on corn, soybean, andswitchgrass prices under biofuel production mandates.We find enforcement of the cellulosic mandateis costly in that it raises equilibrium prices of all threecrops through competition for acreage. However,crude oil prices largely determine industry profitabilityeven in the face of high crop prices. Further wefind that uncertainty in crude oil prices and cropyields causes higher corn, soybean, and switchgrassprices compared to a baseline with no uncertainty.
JEL-codes: Q21 Q42 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed
Published in Land Economics, November 2011, vol. 87 no. 4, pp. 610-617
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Journal Article: Crop-Based Biofuel Production with Acreage Competition and Uncertainty (2011)
Working Paper: Crop-based Biofuel Production with Acreage Competition and Uncertainty (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:32439
Access Statistics for this paper
More papers in Staff General Research Papers Archive from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().