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Impact of Ethanol Mandates on Corn Prices in the U.S., Canada, and Mexico

Author

Listed:
  • Sharmistha Self

    (Missouri State University)

  • Suhina Deol

    (University of Arizona)

Abstract

The objective of this paper is to investigate the impact of U.S. and Canadian ethanol mandates on corn prices in the U.S., Canada, and Mexico. Ethanol mandates were enacted to create viable alternate energy sources to oil and reduce greenhouse gas emissions. Since the majority of ethanol production comes from corn, it has led to corn being diverted from a food and feed source to an energy source. While food diversion causes relatively little concern for Canada and US, the rising corn prices have produced social unrest in Mexico where corn is a staple food and spending on food forms a large part of consumption spending. Our results indicate that both the US and Canadian ethanol mandates resulted in an increase in corn prices in the U.S. as well as in Mexico.

Suggested Citation

  • Sharmistha Self & Suhina Deol, 2016. "Impact of Ethanol Mandates on Corn Prices in the U.S., Canada, and Mexico," Journal of Economic Insight, Missouri Valley Economic Association, vol. 42(2), pages 23-41.
    • Handle: RePEc:mve:journl:v:42:y:2016:i:2:p:23-41
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    More about this item

    JEL classification:

    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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