Biorenewables Policy

The Biorenewables Policy Division in CARD addresses questions surrounding expansion of biorenewables in the United States. The division, created in 2006, 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.

Biofuel Operating Margins

Papers

May 2016
Policy Shocks and Market-Based Regulations: Evidence from the Renewable Fuel Standard
Gabriel E. Lade, C.Y. Cynthia Lin Lawell, Aaron Smith
[16-WP 565]
March 2016
September 2015
How Much Ethanol Can Be Consumed in E85?
Sebastien Pouliot, Bruce A. Babcock
[15-BP 54]
November 2014
September 2014
January 2014
Impact of Increased Ethanol Mandates on Prices at the Pump
Sebastien Pouliot, Bruce A. Babcock
[14-PB 18]
Feasibility and Cost of Increasing US Ethanol Consumption Beyond E10
Bruce A. Babcock, Sebastien Pouliot
[14-PB 17]
November 2013
Impact on Corn Prices from Reduced Biofuel Mandates
Bruce A. Babcock, Wei Zhou
[13-WP 543]
RFS Compliance: Death Spiral or Investment in E85?
Bruce A. Babcock, Sebastien Pouliot
[13-PB 16]
How Much E85 Can Be Consumed in the United States?
Bruce A. Babcock, Sebastien Pouliot
[13-PB 15]
The Economic Role of RIN Prices
Bruce A. Babcock, Sebastien Pouliot
[13-PB 14]
September 2013
August 2013
Impact of Sales Constraints and Entry on E85 Demand
Bruce A. Babcock, Sebastien Pouliot
[13-PB 12]
Price It and They Will Buy: How E85 Can Break the Blend Wall
Bruce A. Babcock, Sebastien Pouliot
[13-PB 11]
May 2013
Biofuel Taxes, Subsidies, and Mandates: Impacts on US and Brazilian Markets
Bruce A. Babcock, Marcelo Moreira, Yixing Peng
[13-SR 108]
December 2012
August 2012
July 2012
Prospects for Corn Ethanol in Argentina
Bruce A. Babcock, Miguel Carriquiry
[12-SR 107]
May 2012
December 2011
Environmental Impacts of Emerging Biomass Feedstock Markets: Energy, Agriculture, and the Farmer
Rebecca S. Dodder, Amani Elobeid, Timothy L. Johnson, P. Ozge Kaplan, Lyubov A. Kurkalova, Silvia Secchi, Simla Tokgoz
[11-WP 526]
June 2011
Greenhouse Gas and Nitrogen Fertilizer Scenarios for U.S. Agriculture and Global Biofuels
Amani Elobeid, Miguel Carriquiry, Jacinto F. Fabiosa, Kranti Mulik, Dermot J. Hayes, Bruce A. Babcock, Jerome Dumortier, Francisco Rosas
[11-WP 524]
April 2011
January 2011
Trade-off between Bioenergy and Emissions When Land Is Scarce, The
Nathan S. Kauffman, Dermot J. Hayes
[11-WP 519]
December 2010
How Market Efficiency and the Theory of Storage Link Corn and Ethanol Markets
Mindy L. Mallory, Dermot J. Hayes, Scott H. Irwin
[10-WP 517]
November 2010
September 2010
Investment in Cellulosic Biofuel Refineries: Do Renewable Identification Numbers Matter?
Ruiqing Miao, David A. Hennessy, Bruce A. Babcock
[10-WP 514]
Modeling the Effects of Pasture Expansion on Emissions from Land-Use Change
Jerome Dumortier, Dermot J. Hayes, Miguel Carriquiry, Fengxia Dong, Xiaodong Du, Amani Elobeid, Jacinto F. Fabiosa, Kranti Mulik
[10-WP 504]
(Revised)
July 2010
World Market Impacts of High Biofuel Use in the European Union
Miguel Carriquiry, Fengxia Dong, Xiaodong Du, Amani Elobeid, Jacinto F. Fabiosa, Ed Chavez, Suwen Pan
[10-WP 508]
Costs and Benefits to Taxpayers, Consumers, and Producers from U.S. Ethanol Policies
Bruce A. Babcock, Kanlaya J. Barr, Miguel Carriquiry
[10-SR 106]
March 2010
February 2010
Agricultural Land Elasticities in the United States and Brazil
Kanlaya J. Barr, Bruce A. Babcock, Miguel Carriquiry, Andre Nasser, Leila Harfuch
[10-WP 505]
January 2010
Market Impact of Domestic Offset Programs
Tristan Brown, Amani Elobeid, Jerome Dumortier, Dermot J. Hayes
[10-WP 502]
September 2009
Dynamics of Biofuel Stock Prices: A Bayesian Approach
Xiaodong Du, Dermot J. Hayes, Cindy L. Yu
[09-WP 498]
Impact of Biofuels Policy on Agribusiness Stock Prices, The
Fatma Sine Tepe, Xiaodong Du, David A. Hennessy
[09-WP 497]
August 2009
2007/08 Iowa Grain and Biofuel Flow Study: A Survey Report, The
Tun-Hsiang (Edward) Yu, Chad E. Hart
[09-SR 103]
July 2009
Sensitivity of Carbon Emission Estimates from Indirect Land-Use Change
Jerome Dumortier, Dermot J. Hayes, Miguel Carriquiry, Fengxia Dong, Xiaodong Du, Amani Elobeid, Jacinto F. Fabiosa, Simla Tokgoz
[09-WP 493]
May 2009
April 2009
March 2009
Land Allocation Effects of the Global Ethanol Surge: Predictions from the International FAPRI Model
Jacinto F. Fabiosa, John C. Beghin, Fengxia Dong, Amani Elobeid, Simla Tokgoz, Tun-Hsiang (Edward) Yu
[09-WP 488]
Biofuels: Potential Production Capacity, Effects on Grain and Livestock Sectors, and Implications for Food Prices and Consumers
Dermot J. Hayes, Bruce A. Babcock, Jacinto F. Fabiosa, Simla Tokgoz, Amani Elobeid, Tun-Hsiang (Edward) Yu, Fengxia Dong, Chad E. Hart, Ed Chavez, Suwen Pan, Miguel Carriquiry, Jerome Dumortier
[09-WP 487]
January 2009
December 2008
November 2008
Welfare Analysis of the U.S. Ethanol Subsidy, A
Xiaodong Du, Dermot J. Hayes, Mindy L. Baker
[08-WP 480]
(Revised)
October 2008
2006/07 Iowa Grain and Biofuel Flow Study: A Survey Report, The
Tun-Hsiang (Edward) Yu, Chad E. Hart
[08-SR 102]
July 2008
June 2008
Impacts of Ethanol on Planted Acreage in Market Equilibrium
Hongli Feng, Bruce A. Babcock
[08-WP 472]
Short-Run Price and Welfare Impacts of Federal Ethanol Policies
Lihong Lu McPhail, Bruce A. Babcock
[08-WP 468]
April 2008
March 2008
February 2008
Crop-Based Biofuel Production under Acreage Constraints and Uncertainty
Mindy L. Baker, Dermot J. Hayes, Bruce A. Babcock
[08-WP 460]
Implied Objectives of U.S. Biofuel Subsidies
Ofir D. Rubin, Miguel Carriquiry, Dermot J. Hayes
[08-WP 459]
October 2007
Determinants of Iowa Cropland Cash Rental Rates: Testing Ricardian Rent Theory
Xiaodong Du, David A. Hennessy, William M. Edwards
[07-WP 454]
July 2007
Emerging Biofuels: Outlook of Effects on U.S. Grain, Oilseed, and Livestock Markets
Simla Tokgoz, Amani Elobeid, Jacinto F. Fabiosa, Dermot J. Hayes, Bruce A. Babcock, Tun-Hsiang (Edward) Yu, Fengxia Dong, Chad E. Hart, John C. Beghin
[07-SR 101]
(Revised)
May 2007
November 2006
Long-Run Impact of Corn-Based Ethanol on the Grain, Oilseed, and Livestock Sectors: A Preliminary Assessment, The
Amani Elobeid, Simla Tokgoz, Dermot J. Hayes, Bruce A. Babcock, Chad E. Hart
[06-BP 49]
October 2006
April 2004
Insuring Uncertainty in Value-Added Agriculture: Ethanol Production
Nick D. Paulson, Bruce A. Babcock, Chad E. Hart, Dermot J. Hayes
[04-WP 360]

Presentations

August 2012
Biofuels and Food Prices 0.12 MB
Bruce Babcock
Presentation at a conference sponsored by the Agricultural Trade Promotion Center, Chinese Ministry of Agriculture and the International Center for Sustainable Trade Policy , Beijing China.
May 2011
Feeding Frenzy: Managing High Input Costs 0.10 MB
Bruce A. Babcock
National Dairy Producers Conference, Omaha, Nebraska
April 2011
The State of Biofuel Today 1.99 MB
Bruce A. Babcock
Presented at the Berkeley Bioeconomy Conference, March 24, University of California at Berkeley
February 2011
Future of Ethanol Tax Policy
Bruce A. Babcock
Presentation at the 2011 National Ethanol Conference, Phoenix, AZ (audio included)
December 2009
Statement at the hearing on costs and benefits of domestic offsets 0.05 MB
Dermot J. Hayes
U.S. House Committee on Agriculture, Subcommittee on Conservation, Credit, Energy, and Research, Washington, D.C.
May 2009
Statement at the hearing on indirect land use and renewable biomass provisions of the Renewable Fuels Standard 0.28 MB
Bruce A. Babcock
Subcommittee on Conservation, Credit, Energy, and Research of the U.S. House Committee on Agriculture, Washington, D.C.
August 2008
June 2008
Bioenergy Policies 1.10 MB
Chad Hart
Presented for the International Visitor Leadership Program, Iowa State University
May 2008
Looking at the Economics of the Next Generation of Biofuels 1.60 MB
Chad Hart
Presented for the lecture series "Breeding Lignocellulosic Crops for the Bioeconomy," Iowa State University
Overview of Ethanol in the Ag Economy 0.32 MB
Chad Hart
Presented for the "Biofuels and the Rural Economy" conference, The Center for Towncraft, Perry, IA
Impact of Biofuels on Planted Acreage in Market Equilibrium 0.14 MB
Bruce A. Babcock
Presented at the workshop "Sustainable Biofuels and Human Security," University of Illinois at Urbana-Champaign
Statement before the U.S. Senate Committee on Homeland Security and Government Affairs, Hearing on Fuel Subsidies and Impact on Food Prices 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 2.24 MB
Chad E. Hart
Presented at the University of Arkansas, Fayetteville, AR
Socio-Economic Impacts of U.S. Ethanol 0.19 MB
Bruce A. Babcock
Presented to an ag leadership group, Guelph, Ontario, Canada
January 2008
Grain, Oilseed, and Biofuel Outlook 2.25 MB
Chad E. Hart
Presented at Pro Ag Outlook, Harlan, IA
Farm Bills and Energy Acts 1.77 MB
Chad E. Hart
Presented to farmer advisors at ISU Extension Farm Financial Planning Program, Ames, IA
November 2007
Status of the 2007 Farm Bill and the Bioeconomy 0.87 MB
Chad E. Hart
Presented at the 2007 Pro-Ag Outlook Workshop, Williamsburg, IA
Bottlenecks and Oil Price Spikes: Impact on U.S. Ethanol and Agriculture 0.70 MB
Chad E. Hart
Presented at the 2007 Swine Disease for Practicioners Conference XV, Ames, IA
The Outlook for Ethanol, Corn, and Beef 0.66 MB
Chad E. Hart
Presented at the Beef Quality Summit: Beef Quality in the Ethanol Era, in Omaha, NE
Bottlenecks and Oil Price Spikes: Impact on U.S. Ethanol and Agriculture 0.73 MB
Chad E. Hart
Presented at the Iowa Egg Industry Symposium 2007, Ames, IA
Economic Sustainability 0.40 MB
Chad E. Hart
Presented at the 2007 Biobased Industry Outlook Conference, Ames, IA
October 2007
Bottlenecks, Drought, and Oil Price Spikes: Impact on U.S. Ethanol and Agriculture 0.78 MB
Chad E. Hart
Presented to the Minnesota Economic Association, St. Paul, MN
Bottlenecks and Oil Price Spikes: Impact on U.S. Ethanol and Agriculture 0.92 MB
Chad E. Hart
Presented in the Department of Agricultural Economics at Kansas State University, Manhattan, KS
Let's Talk About Ethanol 0.81 MB
Chad E. Hart
Presented at ISU Farm Management Field Specialist In-Service, Ames, Iowa
September 2007
Bottlenecks and Oil Price Spikes: Impact on U.S. Ethanol and Agriculture 0.67 MB
Chad E. Hart
Presented at 2007 Iowa Poultry Association Fall Festival, West Des Moines, Iowa
Bottlenecks and Oil Price Spikes: Impact on U.S. Ethanol and Agriculture 0.72 MB
Chad E. Hart
Presented at Commodity Markets Council/Transportation, Elevator & Grain Merchants Association Meeting, Chicago, Illinois
U.S. Ethanol Industry Outlook: Socio/Economic Impact of a Booming Ethanol Industry 0.45 MB
Bruce A. Babcock
Presented at ProBeef 07: A Global View of the Ethanol Industry and Beef Cattle, Iowa State University, Ames, Iowa
August 2007
Bioeconomy Impacts on Midwestern Agriculture 0.32 MB
Chad E. Hart
Presented at Iowa Maintenance Training Expo, Ames, Iowa
An Analysis of the Long-Run Impact of Ethanol Expansion on Agricultural Markets 0.73 MB
Chad E. Hart
Presentation for representatives from Nidera, Ames, Iowa
June 2007
An Analysis of the Long-Run Impact of Ethanol Expansion on Agricultural Markets 0.63 MB
Chad E. Hart
Presented at the Global Agricultural Forum 2007, Panel IV: Food or Biofuels, in Mexico City
April 2007
Facets of the Bioeconomy Affecting the Small Towns of Iowa 0.12 MB
Bruce A. Babcock
Presented at the conference "Community Futures: The Small Town in the Bioeconomy," Scheman Building, Ames, IA
March 2007
Biofuel Impacts on Agriculture 0.95 MB
Chad E. Hart
Presented at an ISU Livestock Field Specialist Meeting, Ames, IA
February 2007
Biorenewables: Helping or Hurting the Environment? 0.55 MB
Chad E. Hart
Presented at Home Ground: Language for an American Landscape, the third annual Symposium on Wildness, Wilderness & the Creative Imagination, Iowa State University, Ames, IA
Future of the Bioeconomy and Biofuels: Overview, Industry, and Agriculture 1.01 MB
Dan Otto, Chad E. Hart, and John A. Miranowski
Presented to the Iowa Department of Economic Development, Des Moines, IA
January 2007
The Long-Run Impact of Corn-Based Ethanol on the Grain, Oilseed, and Livestock Sectors: A Preliminary Assessment 0.23 MB
Bruce A. Babcock
Presented at the Iowa Pork Congress, Des Moines, Iowa
U.S. Agriculture's Role in the International Biofuel Market 0.37 MB
Chad E. Hart
Presented at the 2007 Wisconsin Fertilizer, Aglime, and Pest Management Conference, Madison, WI
Biofuel Impacts on Midwestern Agriculture 0.27 MB
Chad E. Hart
Presented at the 2007 Wisconsin Fertilizer, Aglime, and Pest Management Conference, Madison, WI
November 2006
Food, Feed, and Fuel: How Do We Balance the Three for Optimal Growth? 0.47 MB
Chad E. Hart
Presented at the "Food, Feed, and Fuel" Working Session at the ISU Bioeconomy Summit
September 2006
Ethanol and Livestock: Synergies or Competition? 0.15 MB
Chad E. Hart
Presented at the 2006 Iowa Poultry Association Fall Festival, Okoboji, IA
Policies Supporting Cellulosic Ethanol Production 0.09 MB
Chad E. Hart
Presented at the Energy Expo 2006, "Legislative and Policy Trends Supporting Renewable Energy," Iowa City, IA
August 2006
Ethanol and Livestock: Synergies or Competition? 0.20 MB
Chad E. Hart
Presented at the 2006 Biobased Industry Outlook Conference, Iowa State University
July 2006
Biorenewable Policy Analysis 0.70 MB
Bruce A. Babcock
Presented at a meeting with Archer Daniels Midland, Decatur, IL