Impact of Ethanol Policies on Livestock Production in the United States
AbstractThis study was conducted to analyze the direct and indirect effects of ethanol policy on livestock production. Results of the theoretical model indicate the possibility of ethanol policy indirectly affecting livestock production. Econometric results show a possibility of ethanol policy indirectly impacting cattle production through the RFS’s influence on corn quantity. Policy makers’ intentions with ethanol policy likely were to increase ethanol consumption rather than to directly affect cattle production. However, results of the reduced form equation indicate that the RFS increased the cattle quantity, which represents a direct outcome of ethanol policy on cattle 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 InfoPaper provided by Southern Agricultural Economics Association in its series 2011 Annual Meeting, February 5-8, 2011, Corpus Christi, Texas with number 98783.
Date of creation: 2011
Date of revision:
Livestock Production; Ethanol Policies; Agricultural and Food Policy; Demand and Price Analysis; Livestock Production/Industries; Production Economics; Q17;
Find related papers by JEL classification:
- Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-04-16 (Agricultural Economics)
- NEP-ALL-2011-04-16 (All new papers)
- NEP-ENE-2011-04-16 (Energy Economics)
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