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Impact of biofuel policies on livestock production in the United States

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Author Info

  • Miljkovic, Dragan
  • Shaik, Saleem
  • Braun, Dane

Abstract

This study was conducted to analyze the direct and indirect effects of ethanol policy on livestock production. Results of the theoretical and empirical model indicate the possibility of ethanol policy affecting livestock production in the United States both directly and indirectly, via the impact of the changes in the Renewable Fuel Standards on corn prices and production. Policy makers can utilize the information provided in this study to understand the effects of ethanol policy on multiple agricultural markets. Understanding the existence of indirect and direct effects of newly designed policies on non-targeted markets adds credibility to the policy making process.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Policy Modeling.

Volume (Year): 34 (2012)
Issue (Month): 6 ()
Pages: 817-831

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Handle: RePEc:eee:jpolmo:v:34:y:2012:i:6:p:817-831

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Web page: http://www.elsevier.com/locate/inca/505735

Related research

Keywords: Biofuel policy; Livestock; Feed supply;

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References

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  1. Gallagher, Paul W. & Shapouri, Hosein & Price, Jeffrey & Schamel, Guenter & Brubaker, Heather, 2003. "Some Long-Run Effects of Growing Markets and Renewable Fuel Standards on Additives Markets and the U.S. Ethanol Industry," Staff General Research Papers 10648, Iowa State University, Department of Economics.
  2. Jacinto F. Fabiosa, 2008. "Not All DDGS Are Created Equal: Nutrient-Profile-Based Pricing to Incentivize Quality," Center for Agricultural and Rural Development (CARD) Publications 08-wp481, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  3. Thaeripour, Farzad & Hertel, Thomas W. & Tyner, Wallace E. & Beckman, Jayson F. & Birur, Dileep K., 2008. "Biofuels and their By-Products: Global Economic and Environmental Implications," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6452, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  4. Roxanne Clemens & Bruce A. Babcock, 2008. "Steady Supplies or Stockpiles? Demand for Corn-Based Distillers Grains by the U.S. Beef Industry," Midwest Agribusiness Trade Research and Information Center (MATRIC) Publications 08-mbp14, Midwest Agribusiness Trade Research and Information Center (MATRIC) at Iowa State University.
  5. Tokgoz, Simla & Elobeid, Amani & Fabiosa, Jacinto F. & Hayes, Dermot J. & Babcock, Bruce A. & Yu, Tun-Hsiang & Dong, Fengxia & Hart, Chad E., 2008. "Bottlenecks, Drought, and Oil Price Spikes: Impact on U.S. Ethanol and Agricultural Sectors," Staff General Research Papers 12935, Iowa State University, Department of Economics.
  6. Simla Tokgoz, 2009. "Impact of Energy Markets on the EU Agricultural Sector, The," Center for Agricultural and Rural Development (CARD) Publications 09-wp485, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  7. Simla Tokgoz & Amani Elobeid & Jacinto F. Fabiosa & Dermot J. Hayes & Bruce A. Babcock & Tun-Hsiang (Edward) Yu & Fengxia Dong & Chad E. Hart & John C. Beghin, 2007. "Emerging Biofuels: Outlook of Effects on U.S. Grain, Oilseed, and Livestock Markets," Food and Agricultural Policy Research Institute (FAPRI) Publications 07-sr101, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
  8. Jacinto F. Fabiosa, 2008. "Not All DDGS Are Created Equal: Nutrient-Profile-Based Pricing to Incentivize Quality," Food and Agricultural Policy Research Institute (FAPRI) Publications 08-wp481, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
  9. Peters, May & Somwaru, Agapi & Hansen, James M. & Seeley, Ralph & Dirkse, Steve, 2009. "Modeling Biofuels Expansion in a Changing Global Environment," 2009 Conference, August 16-22, 2009, Beijing, China 51732, International Association of Agricultural Economists.
  10. Schade, Burkhard & Wiesenthal, Tobias, 2011. "Biofuels: A model based assessment under uncertainty applying the Monte Carlo method," Journal of Policy Modeling, Elsevier, vol. 33(1), pages 92-126, January.
  11. Gallagher, Paul W. & Shapouri, Hosein & Price, Jeffrey & Schamel, Guenter & Brubaker, Heather, 2003. "Some long-run effects of growing markets and renewable fuel standards on additives markets and the US ethanol industry," Journal of Policy Modeling, Elsevier, vol. 25(6-7), pages 585-608, September.
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Cited by:
  1. Hao, Na & Seong, Byeongchan & Park, Cheolwoo & Colson, Gregory & Karali, Berna & Wetzstein, Michael, 2013. "Drought, Biofuel, and Livestock," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149957, Agricultural and Applied Economics Association.

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