US agricultural policy and gasohol: a policy simulation

Journal Article · Fri Aug 01 04:00:00 EDT 1980 · Am. J. Agric. Econ.; (United States)

DOI:https://doi.org/10.2307/1240195· OSTI ID:6972915

Meekhof, R L; Tyner, W E; Holland, F D

A stochastic simulation model is used to evaluate the implications of alternative gasohol programs for a large segment of the food and agricultural sector - corn and soybean producers, consumers, and taxpayers. The impacts on corn and soybean prices, production, acreage planted, carryover stocks, exports, and commodity-program expenditures are presented. The research findings indicate that alcohol production levels below 2.0 billion gallons do not result in serious dislocations in the agricultural sector. As the level of alcohol production increases and more grain is required, corn prices rise significantly, stocks fall to extremely low levels, exports decline, and government expenditures increase greatly. The inclusion of energy from agriculture as a policy objective will require a rethinking of priorities and the implication of alternative courses of action. 3 references, 8 figures, 2 tables.

• Research Organization: Purdue Univ., Lafayette, IN
• OSTI ID: 6972915
• Journal Information: Am. J. Agric. Econ.; (United States), Journal Name: Am. J. Agric. Econ.; (United States) Vol. 62:3; ISSN AJAEB
• Country of Publication: United States
• Language: English

Related Subjects

09 BIOMASS FUELS
090222 -- Alcohol Fuels-- Preparation from Wastes or Biomass-- (1976-1989)
29 ENERGY PLANNING, POLICY, AND ECONOMY
295000* -- Energy Planning & Policy-- Hydrogen & Synthetic Fuels
553000 -- Agriculture & Food Technology
60 APPLIED LIFE SCIENCES
AGRICULTURE
ALCOHOL FUELS
ECONOMIC IMPACT
ENERGY POLICY
FUELS
GASOHOL
GOVERNMENT POLICIES
INDUSTRY
LIQUID FUELS
RESEARCH PROGRAMS
SIMULATION
SYNTHETIC FUELS