IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v47y2015i01p77-103_00.html
   My bibliography  Save this article

The Impact Of Biofuels Policy And Drought On The U.S. Grain And Livestock Markets

Author

Listed:
  • DHOUBHADEL, SUNIL P.
  • AZZAM, AZZEDDINE M.
  • STOCKTON, MATTHEW C.

Abstract

This article examines the impact of the 2012 drought and the biofuels mandate on the U.S. grain and livestock markets and estimates the mandate waiver required to offset the impact on the corn price. The framework used is a stochastic equilibrium displacement model that integrates the beef, pork, and poultry markets with the corn, distillers’ grain, soybean, soymeal, and ethanol markets. The corn and beef markets are found to be the most vulnerable. A mandate waiver of approximately 23% is required to fully negate the impact of the drought on corn prices. The waiver is equivalent to a 13.7% reduction in ethanol consumption.

Suggested Citation

  • Dhoubhadel, Sunil P. & Azzam, Azzeddine M. & Stockton, Matthew C., 2015. "The Impact Of Biofuels Policy And Drought On The U.S. Grain And Livestock Markets," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 47(1), pages 77-103, February.
    • Handle: RePEc:cup:jagaec:v:47:y:2015:i:01:p:77-103_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1074070814000066/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Thompson, Wyatt & Johansson, Robert & Meyer, Seth & Whistance, Jarrett, 2018. "The US biofuel mandate as a substitute for carbon cap-and-trade," Energy Policy, Elsevier, vol. 113(C), pages 368-375.
    2. Liu, Xinran & Ge, Wei, 2018. "Who Benefits from the Export Tax Rebate Policy? Evidence from the Chinese Fishery Sector," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 120(2), August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jagaec:v:47:y:2015:i:01:p:77-103_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.