Biofuels Impact on Food Prices

Biofuels Impact on Food Prices
Author: United States. Congress. Senate. Committee on Energy and Natural Resources
Publisher:
Total Pages: 104
Release: 2008
Genre: Business & Economics
ISBN:

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Biofuels Impact on Food Prices

Biofuels Impact on Food Prices
Author: United States Senate
Publisher:
Total Pages: 104
Release: 2019-09-27
Genre:
ISBN: 9781695849839

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Biofuels impact on food prices: hearing before the Committee on Energy and Natural Resources, United States Senate, One Hundred Tenth Congress, second session, to receive testimony on the relationship between the United States' renewable fuels policy and food prices, June 12, 2008.

Biofuels Impact on Crop and Food Prices

Biofuels Impact on Crop and Food Prices
Author: Scott L. Baier
Publisher:
Total Pages: 0
Release: 2015
Genre:
ISBN:

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This paper examines the effect that biofuels production has had on commodity and global food prices. The innovative contribution of this paper is the interactive spreadsheet that allows the reader to choose the assumptions behind the estimates. By allowing the reader to choose the country, time period, supply and demand elasticities, and the size of indirect effects we explicitly illustrate the sensitivity of the estimated effect of biofuels production on prices. Our best estimates suggest that the increase in biofuels production over the past two years has had a sizeable impact on corn, sugar, barley and soybean prices, but a much smaller impact on global food prices. Over the past two years (ending June 2008), we estimate that the increase in worldwide biofuels production pushed up corn, soybean and sugar prices by 27, 21 and 12 percentage points respectively. The countries that account for most of the upward pressure on these prices are the United States and Brazil. Our best estimates suggest that the increase in U.S. biofuels production (ethanol and biodiesel) pushed up corn prices by more than 22 percentage points and soybean prices (soybeans and soybean oil) by more than 15 percentage points, while the increase in EU biofuels production pushed corn and soybean prices up around 3 percentage points. Brazil's increase in sugar-based ethanol production accounts for the entire rise in the price of sugar. Although biofuels had a noticeable impact on individual crop prices, they had a much smaller impact on global food prices. Our best estimate suggests that the increase in worldwide biofuels production over the past two years accounts for just over 12 percent of the rise in the IMF's food price index. The increase in U.S. biofuels production accounts for roughly 60 percent of this effect, while Brazil accounts for 14 percent and the EU accounts for 15 percent. The key take-away point is that nearly 90 percent of the rise in global food prices comes from factors other than biofuels.

Biofuels and Food Security

Biofuels and Food Security
Author: Tatsuji Koizumi
Publisher: Springer
Total Pages: 128
Release: 2014-05-03
Genre: Business & Economics
ISBN: 331905645X

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Examining the relationship between biofuels and food security, this book presents an economic analysis of the competition between biofuels and food. It covers the historical and current situation of biofuels and food security in Brazil, China, Japan, USA, EU, Thailand, India, Indonesia, Malaysia, Philippines and other countries. Furthermore it demonstrates that not only feedstock of agricultural product-based biofuels, but also cellulose-based biofuels can compete with food-related demand and agricultural resources. The issue of whether this competition is good or bad for food security is explored, and this topic is examined at global, national, sub-national and household levels. In order to deal with energy security, to reduce greenhouse gas emissions, and to strengthen agricultural/rural development, biofuel production and utilization is increasing all over the world. One of the most crucial problems is the competition for resources between biofuel and food. This biofuel and food security discussion is expected to continue into the future, and this book proposes the action that is needed to deal with this issue on various levels. Biofuel and Food Security provides a valuable resource to undergraduates and researchers of economics, agricultural economics and renewable science, and also policy makers involved in government or international organizations. It will additionally be of interest to those employed in renewable energy and agriculture in an industrial capacity.

Food versus Fuel

Food versus Fuel
Author: Frank Rosillo-Calle
Publisher: Bloomsbury Publishing
Total Pages: 186
Release: 2013-04-04
Genre: Business & Economics
ISBN: 1780320248

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Food versus Fuel presents a high-level introduction to the science and economics behind a well-worn debate, that will debunk myths and provide quality facts and figures for academics and practitioners in development studies, environment studies, and agricultural studies. Compiled by an internationally renowned scientist and authority, and to include perspectives from 'pro' and 'anti' biofuels experts and activists, from the North and South, the aim of this book is to bring a balanced approach to the current debate on the major issues affecting the development of biofuels in a concise and clear manner in order to provide an informed, nuanced but accessible introduction, grounded in science and economics rather than conjecture and controversy.

The Economics of Biofuel Policies

The Economics of Biofuel Policies
Author: Harry de Gorter
Publisher: Springer
Total Pages: 320
Release: 2015-04-09
Genre: Business & Economics
ISBN: 1137414855

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The global food crises of 2008 and 2010 and the increased price volatility revolve around biofuels policies and their interaction with each other, farm policies and between countries. While a certain degree of research has been conducted on biofuel efficacy and logistics, there is currently no book on the market devoted to the economics of biofuel policies. The Economics of Biofuel Policies focuses on the role of biofuel policies in creating turmoil in the world grains and oilseed markets since 2006. This new volume is the first to put together theory and empirical evidence of how biofuel policies created a link between crop (food grains and oilseeds) and biofuel (ethanol and biodiesel) prices. This combined with biofuel policies role in affecting the link between biofuels and energy (gasoline, diesel and crude oil) prices will form the basis to show how alternative US, EU, and Brazilian biofuel policies have immense impacts on the level and volatility of food grain and oilseed prices.

Biofuels Impact on Food Prices

Biofuels Impact on Food Prices
Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
Total Pages: 102
Release: 2018-01-22
Genre:
ISBN: 9781984089304

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Biofuels impact on food prices : hearing before the Committee on Energy and Natural Resources, United States Senate, One Hundred Tenth Congress, second session, to receive testimony on the relationship between the United States' renewable fuels policy and food prices, June 12, 2008.

Handbook of Bioenergy Economics and Policy

Handbook of Bioenergy Economics and Policy
Author: Madhu Khanna
Publisher: Springer Science & Business Media
Total Pages: 435
Release: 2009-12-02
Genre: Business & Economics
ISBN: 1441903690

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Concerns about energy security, uncertainty about oil prices, declining oil reserves, and global climate change are fueling a shift towards bioenergy as a renewable alternative to fossil fuels. Public policies and private investments around the globe are aiming to increase local capacity to produce biofuels. A key constraint to the expansion of biofuel production is the limited amount of land available to meet the needs for fuel, feed, and food in the coming decades. Large-scale biofuel production raises concerns about food versus fuel tradeoffs, about demands for natural resources such as water, and about potential impacts on environmental quality. The book is organized into five parts. The introductory part provides a context for the emerging economic and policy challenges related to bioenergy and the motivations for biofuels as an energy source. The second part of the handbook includes chapters that examine the implications of expanded production of first generation biofuels for the allocation of land between food and fuel and for food/feed prices and trade in biofuels as well as the potential for technology improvements to mitigate the food vs. fuel competition for land. Chapters in the third part examine the infrastructural and logistical challenges posed by large scale biofuel production and the factors that will influence the location of biorefineries and the mix of feedstocks they use. The fourth part includes chapters that examine the environmental implications of biofuels, their implications for the design of policies and the unintended environmental consequences of existing biofuel policies. The final part presents economic analysis of the market, social welfare, and distributional effects of biofuel policies.

The Economics of Food Price Volatility

The Economics of Food Price Volatility
Author: Jean-Paul Chavas
Publisher: University of Chicago Press
Total Pages: 394
Release: 2014-10-14
Genre: Business & Economics
ISBN: 022612892X

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"The conference was organized by the three editors of this book and took place on August 15-16, 2012 in Seattle."--Preface.