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Evaluating The Impacts Of An Increase In Fuel-Ethanol Demand On Agriculture And The Economy

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  • Ferris, John N.
  • Joshi, Satish V.

Abstract

Fuel ethanol demand is projected to increase because of proposed ban on methyl tertiary butyl ether (MTBE) in gasoline, renewable fuels standard, and the revised eight-hour ozone standards. In this paper, several scenarios of increased fuel ethanol demand and its effects on crop and feed prices, farm income and state finances under current tax-subsidy structure, are analyzed using a multi-sector econometric model AGMOD.

Suggested Citation

  • Ferris, John N. & Joshi, Satish V., 2004. "Evaluating The Impacts Of An Increase In Fuel-Ethanol Demand On Agriculture And The Economy," 2004 Annual meeting, August 1-4, Denver, CO 20089, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:20089
    DOI: 10.22004/ag.econ.20089
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    References listed on IDEAS

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    1. Ferris, John N., 2000. "An Analysis Of The Importance Of Agriculture And The Food Sector To The Michigan Economy," Staff Paper Series 11793, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    2. Paul W. Gallagher & Daniel M. Otto & Mark Dikeman, 2000. "Effects of an Oxygen Requirement for Fuel in Midwest Ethanol Markets and Local Economies," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 22(2), pages 292-311.
    3. Ferris, John N., 1995. "Evaluation of the Economic Impact of a Dry Mill Ethanol Plant in Michigan Using Corn as a Feedstock," Staff Paper Series 201205, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    4. Ferris, John N., 1989. "A Description of "AGMOD" -- An Econometric Model of U.S. and World Agriculture," Staff Paper Series 200979, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    5. Ferris, John N., 1998. "Market Outlook And The Economics Of Producing And Marketing Michigan Wheat," Staff Paper Series 11500, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    6. Gallagher, Paul W. & Otto, Daniel & Dikeman, Mike, 2000. "Effects of an Oxygen Requirement for Fuel in Midwest Ethanol Markets and Local Economies," Staff General Research Papers Archive 5244, Iowa State University, Department of Economics.
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    Cited by:

    1. Annalisa Zezza, 2007. "The economic and environmental sustainability of biofuel production," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, November.
    2. Jung, Jinho & Sesmero, Juan Pablo & Balagtas, Joseph V., 2017. "Market Power in Feedstock Procurement and Economic Effects of Corn Ethanol," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258544, Agricultural and Applied Economics Association.
    3. Park, Hwanil & Fortenbery, T. Randall, 2007. "The Effect of Ethanol Production on the U.S. National Corn Price," 2007 Conference, April 16-17, 2007, Chicago, Illinois 37565, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    4. Cha, Kyung Soo & Bae, Jeong Hwan, 2011. "Dynamic impacts of high oil prices on the bioethanol and feedstock markets," Energy Policy, Elsevier, vol. 39(2), pages 753-760, February.
    5. Galik, Christopher S. & Abt, Robert C. & Latta, Gregory & Méley, Andréanne & Henderson, Jesse D., 2016. "Meeting renewable energy and land use objectives through public–private biomass supply partnerships," Applied Energy, Elsevier, vol. 172(C), pages 264-274.
    6. Blanco, Luisa & Isenhouer, Michelle, 2010. "Powering America: The impact of ethanol production in the Corn Belt states," Energy Economics, Elsevier, vol. 32(6), pages 1228-1234, November.

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