The current U.S. and world grain situations are described as well as adjustments which would be likely for fuel production of 1,2 and 4 billion gallons of ethanol annually in the 1985-86 period. Predicted acreage shifts in corn, soybeans, wheat and the total of seven major crops are shown. The most likely effects on the feed grains markets both here and abroad are discussed. The value of corn for fuel both with and without the gasoline tax exemption is compared to the actual farm price expected if in the base case (1 billion gallons) real corn prices do not rise. In the higher 2 and 4 billion gallon cases, increases in the real cost of corn and its impact on food prices and the CPI are estimated. A theoretical maximum level of ethanol production recognizing market factors is discussed in terms of acreage, yield, corn production and the fuel ethanol available. Agricultural and other policy frameworks are discussed. (de Posamentier)
Ethanol: farm and fuel issues
Aethanol: Probleme der Landwirtschaft und Kraftstoffversorgung
US Government Research Reports ; Aug ; 1-160
1980
160 Seiten
Report
English
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