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Mandates, Tax Credits, and Tariffs: Does the U.S. Biofuels Industry Need Them All?

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  • Bruce A. Babcock

Abstract

Expanded mandates under the Renewable Fuel Standard provide ethanol and biodiesel producers a guaranteed future market at volumes that exceed what they have produced in the past. Despite having these mandates in place, biofuel producers continue to support tax credits and ethanol import tariffs. An examination of how the new mandates will be implemented shows that biofuel producers will receive little or no additional benefit from tax credits. Ethanol import tariffs will continue to provide U.S. corn ethanol producers a cost advantage over imported Brazilian sugarcane ethanol until at least 2013 when the demand for sugarcane ethanol to meet the noncellulosic advanced biofuel mandate starts to increase.

Suggested Citation

  • Bruce A. Babcock, 2010. "Mandates, Tax Credits, and Tariffs: Does the U.S. Biofuels Industry Need Them All?," Center for Agricultural and Rural Development (CARD) Publications 10-pb1, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    • Handle: RePEc:ias:cpaper:10-pb1
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    Cited by:

    1. Charlotte Stead & Zia Wadud & Chris Nash & Hu Li, 2019. "Introduction of Biodiesel to Rail Transport: Lessons from the Road Sector," Sustainability, MDPI, vol. 11(3), pages 1-20, February.
    2. Leach, Andrew & Doucet, Joseph & Nickel, Trevor, 2011. "Renewable fuels: Policy effectiveness and project risk," Energy Policy, Elsevier, vol. 39(7), pages 4007-4015, July.
    3. Babcock, Bruce A. & Carriquiry, Miguel A., 2017. "Nested biofuels mandates: impacts of policy product differentiation on commodity markets," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258562, Agricultural and Applied Economics Association.
    4. Rosburg, Alicia Sue, 2012. "Essays concerning the cellulosic biofuel industry," ISU General Staff Papers 201201010800003732, Iowa State University, Department of Economics.

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