An economic analysis of corn-based ethanol production
By: Won W. Koo and Richard Taylor.
Contributors: Taylor, Richard 1949-; North Dakota State University. Center for Agricultural Policy and Trade Studies.
Series: Agribusiness & applied economics report -- no. 626
Publisher: North Dakota State University, Center for Agricultural Policy and Trade Studies
Published: 2008
Place of publication: Fargo, N.D
Language: eng
Number of pages: 28
Subjects: Alcohol fuel industry -- United States -- Econometric models; Corn -- Economic aspects -- United States; Corn industry -- United States -- Econometric models
Description: A global multi-commodity simulation model was developed to estimate the impact of changes in ethanol production on the U.S. corn industry. ... The increased price of corn leads to major structural changes in the corn industry in the United States as well as other corn producing and consuming countries. Corn production would increase in response to higher price levels, corn used for livestock feed may decrease, and U.S. exports decrease due mainly to a surge in corn used for ethanol production. This decrease in U.S. exports should be met by additional production in other countries. The increased price of corn also leads to increases in the prices of soybeans, wheat, high fructose corn syrup (HFCS), and agricultural inputs, such as land value and cash rent, fertilizer and chemicals, and farm equipment. In addition, the current price of corn has resulted in an increase in the production cost of livestock. The increase in prices of agricultural commodities and inputs would cause increases in retail prices of food in the U.S.
Notes: Cover title.

"April 2008."

Includes bibliographical references (p. 27-28).

Also available via the World Wide Web.