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CARD: Center for Agricultural and Rural Development

Biorenewables Policy

The new Biorenewables Policy Division in CARD addresses questions surrounding expansion of biorenewables in the United States. The new division aims to build upon the center’s strength in economic modeling and collaborative analysis. Initial research will focus on the outlook for biofuels and crops used for biofuels production, including the effect of biofuels growth on the level and volatility of crop prices.

Research will also explore the impact of biofuels growth on the mix and location of livestock, effects of possible policy changes on biofuels production and prices, impacts of increased biofuels production on water quality, and impacts on local basis for corn and soybeans.

Recent Papers

Impact of Ethanol Production on U.S. and Regional Gasoline Prices and on the Profitability of the U.S. Oil Refinery Industry, The
Xiaodong Du, Dermot J. Hayes
April 2008 [08-WP 467]

Ethanol, Mandates, and Drought: Insights from a Stochastic Equilibrium Model of the U.S. Corn Market
Lihong Lu McPhail, Bruce A. Babcock
March 2008 [08-WP 464]

Recent Presentations

May 2008
Statement before the U.S. Senate Committee on Homeland Security and Government Affairs, Hearing on Fuel Subsidies and Impact on Food Prices (pdf) 0.04 MB
Bruce A. Babcock
Oral statement presented before the U.S. Senate Committee on Homeland Security and Government Affairs, May 7, 2008, Washington, D.C.
April 2008
Bio-Renewable Energy's Impact on Agriculture and the Economy (ppt) 2.24 MB
Chad E. Hart
Presented at the University of Arkansas, Fayetteville, AR