Sixty Billion Gallons by 2030: Economic and Agricultural Impacts of Ethanol and Biodiesel Expansion
Agriculture is well positioned as a feedstock source because the fuels can be utilized with current engine technologies and are compatible with the current distribution infrastructure. Commercialization of cellulosic to ethanol technology will enable fuels to be derived from a diverse portfolio of feedstocks from numerous regions of the country. The levels of ethanol production analyzed are 10, 30, and 60 billion gallons of ethanol annually by 2010, 2020 and 2030, respectively. Impacts of producing 1 billion gallons of biodiesel production by 2012 and 1.6 billion gallons by 2030 are also projected. Overall, for the period 2007 to 2030, the estimated accumulated gains in net farm income are over $210 billion; and the accumulated potential savings in government payments are estimated to be $150 billion. Due to the geographic decentralization of the production of feedstock, economic gains are projected to accrue to the majority of regions of the country. Significant expansion beyond 60 billion gallons per year would likely require expansion of the region suitable for the production of bioenergy crops, ability to convert other pastureland (beyond cropland in pasture) into energy crops; allowing CRP acreage to be used in feedstock production, increasing short-rotation wood crops in the Northeast and Northwest regions, increased yields above those assumed in the analysis, and/or increasing the efficiency of cellulosic conversion. Further research should examine the agricultural, environmental, and economic impacts of one or more these factors changing.
(This abstract was borrowed from another version of this item.)
Volume (Year): 89 (2007)
Issue (Month): 5 ()
|Contact details of provider:|| Postal: 555 East Wells Street, Suite 1100, Milwaukee, Wisconsin 53202|
Phone: (414) 918-3190
Fax: (414) 276-3349
Web page: http://www.aaea.org/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:89:y:2007:i:5:p:1290-1295. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.