Implications Of A Carbon Based Energy Tax For U.S. Agriculture
Policies to mitigate greenhouse gas emissions are likely to increase the prices for fossil fuel based energy. Higher energy prices would raise farmers' expenditure on machinery fuels, irrigation water, farm chemicals, and grain drying. To compute the economic net impacts of increased farm input costs on agricultural production after market adjustment, we employ a price endogenous sector model for United States agriculture. Results show little impact on net farm income in the intermediate run.
|Date of creation:||Jan 2003|
|Date of revision:||Jan 2003|
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