Contracting for perennial energy crops and the cost-effectiveness of the Biomass Crop Assistance Program
Author
Abstract
Suggested Citation
DOI: 10.1016/j.enpol.2020.112018
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Miao, Ruiqing & Khanna, Madhu, 2017. "Costs of meeting a cellulosic biofuel mandate with perennial energy crops: Implications for policy," Energy Economics, Elsevier, vol. 64(C), pages 321-334.
- Mohit Anand & Ruiqing Miao & Madhu Khanna, 2019.
"Adopting bioenergy crops: Does farmers’ attitude toward loss matter?,"
Agricultural Economics, International Association of Agricultural Economists, vol. 50(4), pages 435-450, July.
- Anand, Mohit & Miao, Ruiqing & Khanna, Madhu, 2017. "Adopting Bio-Energy Crops: Does Farmers Attitude toward Loss Matter?," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 260825, Agricultural and Applied Economics Association.
- Anand, Mohit & Miao, Ruiqing & Khanna, Madhu, 2018. "Adopting Bio-Energy Crops: Does Farmers’ Attitude toward Loss Matter?," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266326, Southern Agricultural Economics Association.
- Madhu Khanna & Jordan Louviere & Xi Yang, 2017. "Motivations to grow energy crops: the role of crop and contract attributes," Agricultural Economics, International Association of Agricultural Economists, vol. 48(3), pages 263-277, May.
- Wolbert-Haverkamp, Matthias & Feil, Jan-Henning & Mußhoff, Oliver, 2014.
"The value chain of heat production from woody biomass under market competition and different intervention systems: An agent-based real options model,"
DARE Discussion Papers
1407, Georg-August University of Göttingen, Department of Agricultural Economics and Rural Development (DARE).
- Wolbert-Haverkamp, Matthias & Feil, Jan-Henning & Mußhoff, Oliver, 2014. "The value chain of heat production from woody biomass under market competition and different intervention systems: An agent-based real options model," Department of Agricultural and Rural Development (DARE) Discussion Papers 260813, Georg-August-Universitaet Goettingen, Department of Agricultural Economics and Rural Development (DARE).
- Fewell, Jason E. & Bergtold, Jason S. & Williams, Jeffery R., 2016. "Farmers' willingness to contract switchgrass as a cellulosic bioenergy crop in Kansas," Energy Economics, Elsevier, vol. 55(C), pages 292-302.
- Price, T. Jeffrey & Wetzstein, Michael E., 1999. "Irreversible Investment Decisions In Perennial Crops With Yield And Price Uncertainty," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(01), pages 1-13, July.
- Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
- Schmit, T.M. & J., Luo & Conrad, J.M., 2011.
"Estimating the influence of U.S. ethanol policy on plant investment decisions: A real options analysis with two stochastic variables,"
Energy Economics, Elsevier, vol. 33(6), pages 1194-1205.
- Schmit, Todd M. & Luo, Jianchuan & Conrad, Jon M., 2010. "Estimating the Influence of Ethanol Policy on Plant Investment Decisions: A Real Options Analysis with Two Stochastic Variables," Working Papers 126963, Cornell University, Department of Applied Economics and Management.
- Feng Song & Jinhua Zhao & Scott M. Swinton, 2011.
"Switching to Perennial Energy Crops Under Uncertainty and Costly Reversibility,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(3), pages 764-779.
- Song, Feng & Zhao, Jinhua & Swinton, Scott M., 2009. "Switching to Perennial Energy Crops under Uncertainty and Costly Reversibility," Staff Paper Series 56195, Michigan State University, Department of Agricultural, Food, and Resource Economics.
- Metcalf, Gilbert E. & Hassett, Kevin A., 1995.
"Investment under alternative return assumptions Comparing random walks and mean reversion,"
Journal of Economic Dynamics and Control, Elsevier, vol. 19(8), pages 1471-1488, November.
- Gilbert E. Metcalf & Kevin A. Hassett, 1995. "Investment Under Alternative Return Assumptions: Comparing Random Walks and Mean Reversion," NBER Technical Working Papers 0175, National Bureau of Economic Research, Inc.
- Miao, Ruiqing & Khanna, Madhu, 2017. "Limited Impact of Biomass Crop Assistance Program (BCAP) Under Current Funding Levels," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 7, August.
- Larson, James A. & English, Burton C. & He, Lixia, 2008. "Economic Analysis of Farm-Level Supply of Biomass Feedstocks for Energy Production Under Alternative Contract Scenarios and Risk," Integration of Agricultural and Energy Systems Conference, February 12-13, 2008, Atlanta, Georgia 48706, Farm Foundation.
- Mario J. Miranda & Paul L. Fackler, 2004. "Applied Computational Economics and Finance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262633094, December.
- Postali, Fernando A.S. & Picchetti, Paulo, 2006. "Geometric Brownian Motion and structural breaks in oil prices: A quantitative analysis," Energy Economics, Elsevier, vol. 28(4), pages 506-522, July.
- Xiaoxue Du & Madhu Khanna & Liang Lu & Xi Yang & David Zilberman, 2017. "Contracting in the Biofuel Sector," Natural Resource Management and Policy, in: Madhu Khanna & David Zilberman (ed.), Handbook of Bioenergy Economics and Policy: Volume II, pages 401-425, Springer.
- Alexander, Corinne & Ivanic, Rasto & Rosch, Stephanie & Tyner, Wallace & Wu, Steven Y. & Yoder, Joshua R., 2012. "Contract theory and implications for perennial energy crop contracting," Energy Economics, Elsevier, vol. 34(4), pages 970-979.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Madhu Khanna & Ruiqing Miao, 2022. "Inducing the adoption of emerging technologies for sustainable intensification of food and renewable energy production: insights from applied economics," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 66(1), pages 1-23, January.
- McCarty, Tanner & Sesmero, Juan, 2014.
"Uncertainty, Irreversibility, and Investment in Second-Generation Biofuels,"
2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota
179201, Agricultural and Applied Economics Association.
- McCarty, Tanner & Sesmero, Juan, 2014. "Uncertainty, Irreversibility, And Investment In Second-Generation Biofuels," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170604, Agricultural and Applied Economics Association.
- McCarty, Tanner & Sesmero, Juan & Gramig, Ben, 2016. "Contracting for Perennial Energy Crops Under Uncertainty and Costly Reversibility," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236092, Agricultural and Applied Economics Association.
- Dumortier, Jerome & Kauffman, Nathan & Hayes, Dermot J., 2017.
"Production and spatial distribution of switchgrass and miscanthus in the United States under uncertainty and sunk cost,"
Energy Economics, Elsevier, vol. 67(C), pages 300-314.
- Jerome Dumortier & Nathan S. Kauffman & Dermot J. Hayes, 2016. "Production and Spatial Distribution of Switchgrass and Miscanthus in the United States under Uncertainty and Sunk Cost," Center for Agricultural and Rural Development (CARD) Publications 16-wp568, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Dumortier, Jerome & Kauffman, Nathan & Hayes, Dermot J., 2017. "Production and spatial distribution of switchgrass and miscanthus in the United States under uncertainty and sunk cost," ISU General Staff Papers 201709010700001686, Iowa State University, Department of Economics.
- Leibensperger, Carrie & Yang, Pan & Zhao, Qiankun & Wei, Shuran & Cai, Ximing, 2021. "The synergy between stakeholders for cellulosic biofuel development: Perspectives, opportunities, and barriers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 137(C).
- Di Corato, Luca & Gazheli, Ardjan & Lagerkvist, Carl-Johan, 2013. "Investing in energy forestry under uncertainty," Forest Policy and Economics, Elsevier, vol. 34(C), pages 56-64.
- Xian, Hui & Colson, Gregory & Mei, Bin & Wetzstein, Michael E., 2015.
"Co-firing coal with wood pellets for U.S. electricity generation: A real options analysis,"
Energy Policy, Elsevier, vol. 81(C), pages 106-116.
- Xian, Hui & Colson, Gregory & Mei, Bin & Wetzstein, E. Wetzstein, 2014. "Assessing the feasibility of cofiring wood pellets with coal for electricity generation: A real option analysis," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162484, Southern Agricultural Economics Association.
- Delbridge, Timothy A. & King, Robert P., 2016. "Transitioning to Organic Crop Production: A Dynamic Programming Approach," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(3), pages 1-18, September.
- Dumortier, Jerome Robert Florian, 2011. "The impact of forest offset credits under a stochastic carbon price on agriculture using a rational expectations and real options framework," ISU General Staff Papers 201101010800001160, Iowa State University, Department of Economics.
- Löfgren, Åsa & Millock, Katrin & Nauges, Céline, 2008.
"The effect of uncertainty on pollution abatement investments: Measuring hurdle rates for Swedish industry,"
Resource and Energy Economics, Elsevier, vol. 30(4), pages 475-491, December.
- Katrin Millock & Céline Nauges, 2008. "The Effect of Uncertainty on Pollution Abatement Investments: Measuring Hurdle Rates for Swedish Industry," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00343702, HAL.
- Katrin Millock & Céline Nauges, 2008. "The Effect of Uncertainty on Pollution Abatement Investments: Measuring Hurdle Rates for Swedish Industry," Post-Print halshs-00343702, HAL.
- Katrin Millock & Céline Nauges, 2008. "The Effect of Uncertainty on Pollution Abatement Investments: Measuring Hurdle Rates for Swedish Industry," PSE-Ecole d'économie de Paris (Postprint) halshs-00343702, HAL.
- Madhu Khanna, 2021. "Digital Transformation of the Agricultural Sector: Pathways, Drivers and Policy Implications," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(4), pages 1221-1242, December.
- Seo, Sangtaek & Segarra, Eduardo & Mitchell, Paul D. & Leatham, David J., 2006. "Irrigation Technology Adoption in the Texas High Plains: A Real Options Approach," 2006 Annual meeting, July 23-26, Long Beach, CA 21427, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Burli, Pralhad & Lal, Pankaj & Wolde, Bernabas & Jose, Shibu & Bardhan, Sougata, 2019. "Factors affecting willingness to cultivate switchgrass: Evidence from a farmer survey in Missouri," Energy Economics, Elsevier, vol. 80(C), pages 20-29.
- Sant’Anna, Ana Claudia & Bergtold, Jason S. & Shanoyan, Aleksan & Caldas, Marcellus M. & Granco, Gabriel, 2022. "Biofuel feedstock contract attributes, substitutability and tradeoffs in sugarcane production for ethanol in the Brazilian Cerrado: A stated choice approach," Renewable Energy, Elsevier, vol. 185(C), pages 665-679.
- Xian, Hui & Karali, Berna & Colson, Gregory & Wetzstein, Michael E., 2015.
"Diesel or compressed natural gas? A real options evaluation of the U.S. natural gas boom on fuel choice for trucking fleets,"
Energy, Elsevier, vol. 90(P2), pages 1342-1348.
- Xian, Hui & Colson, Gregory J. & Karali, Berna & Wetzstein, Michael, 2014. "Conversion of Shipping Fleets from Diesel to Compressed Natural Gas: A Real Options Analysis," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170285, Agricultural and Applied Economics Association.
- Jonathon Siegle & Gregory Astill & Zoë Plakias & Daniel Tregeagle, 2024. "Estimating perennial crop supply response: A methodology literature review," Agricultural Economics, International Association of Agricultural Economists, vol. 55(2), pages 159-180, March.
- West, Jason, 2018. "Optimising adaptation decisions in macadamia production using contingent claim valuation," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 62(4), October.
- Wong, Kit Pong & Yi, Long, 2013. "Irreversibility, mean reversion, and investment timing," Economic Modelling, Elsevier, vol. 30(C), pages 770-775.
- Wong, Kit Pong, 2011. "Progressive taxation and the intensity and timing of investment," Economic Modelling, Elsevier, vol. 28(1-2), pages 100-108, January.
- Sant'Anna, Ana Claudia & Bergtold, Jason & Shanoyan, Aleksan & Caldas, Marcellus & Granco, Gabriel, 2021. "Deal or No Deal? Analysis of Bioenergy Feedstock Contract Choice with Multiple Opt-out Options and Contract Attribute Substitutability," 2021 Conference, August 17-31, 2021, Virtual 315289, International Association of Agricultural Economists.
More about this item
Keywords
Contract farming; Miscanthus; Cellulosic biofuels; Biomass crop assistance program;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:149:y:2021:i:c:s0301421520307291. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.