IDEAS home Printed from https://ideas.repec.org/p/ags/aaea09/49371.html
   My bibliography  Save this paper

Ethanol and Meat in the U.S.: A Multi-Market Analysis

Author

Listed:
  • Bhattacharya, Suparna
  • Azzam, Azzeddine M.
  • Mark, Darrell R.

Abstract

Since corn is the primary feedstock used for producing ethanol in the U.S., and ethanol production yields byproducts that can be fed to livestock in combination with corn, addressing the effect of ethanol production on meat markets should consider not only demand and supply interdependence between corn, ethanol, and ethanol byproducts; but also demand and supply interdependence between different types of meats. This paper develops a multi-market equilibrium displacement model to account for the interdependence. Six markets are considered: beef, pork, poultry, corn, ethanol, and ethanol byproducts. Results show that poultry is the most sensitive to ethanol production, followed by beef and pork.

Suggested Citation

  • Bhattacharya, Suparna & Azzam, Azzeddine M. & Mark, Darrell R., 2009. "Ethanol and Meat in the U.S.: A Multi-Market Analysis," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49371, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea09:49371
    DOI: 10.22004/ag.econ.49371
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/49371/files/ETHANOL%20PAPER.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.49371?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lusk, Jayson L. & Norwood, F. Bailey, 2005. "Modeling Beef Quality Heterogeneity," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 37(3), pages 603-618, December.
    2. Shapouri, Hosein & Gallagher, Paul & Graboski, Michael S., 2002. "USDA's 1998 Ethanol Cost-of-Production Survey," Agricultural Economic Reports 308481, United States Department of Agriculture, Economic Research Service.
    3. Anderson, David P. & Anderson, John D. & Sawyer, Jason, 2008. "Impact of the Ethanol Boom on Livestock and Dairy Industries: What Are They Going to Eat?," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 40(2), pages 1-7, August.
    4. Tyner Wallace E., 2007. "Policy Alternatives for the Future Biofuels Industry," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 5(2), pages 1-13, December.
    5. Silvia Secchi & Bruce A. Babcock, 2007. "Impact of High Crop Prices on Environmental Quality: A Case of Iowa and the Conservation Reserve Program," Center for Agricultural and Rural Development (CARD) Publications 07-wp447, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    6. Tyner, Wallace E. & Thaeripour, Farzad, 2007. "Future biofuels policy alternatives," Biofuels, Food and Feed Tradeoffs Conference, April 12-13, 2007, St, Louis, Missouri 48777, Farm Foundation.
    7. Miranowski, John, 2007. "Biofuel Incentives and the Energy Title of the 2007 Farm Bill," Staff General Research Papers Archive 12821, Iowa State University, Department of Economics.
    8. Michael K. Wohlgenant, 1989. "Demand for Farm Output in a Complete System of Demand Functions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(2), pages 241-252.
    9. Miranowski, John A, 2007. "Biofuel Incentives and the Energy Title of the 2007 Farm Bill," ISU General Staff Papers 200705170700001565, Iowa State University, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tepe, Fatma Sine, 2010. "Biofuel policy and stock price in imperfectly competitive markets," ISU General Staff Papers 201001010800002642, Iowa State University, Department of Economics.
    2. Hao, Na & Colson, Gregory & Seong, Byeongchan & Park, Cheolwoo & Wetzstein, Michael, 2015. "Drought, ethanol, and livestock," Energy Economics, Elsevier, vol. 49(C), pages 301-307.
    3. Dizyee, Kanar & Baker, Derek & Rich, Karl M., 2017. "A quantitative value chain analysis of policy options for the beef sector in Botswana," Agricultural Systems, Elsevier, vol. 156(C), pages 13-24.

    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.
    1. Christian Langpap & JunJie Wu, 2011. "Potential Environmental Impacts of Increased Reliance on Corn-Based Bioenergy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(2), pages 147-171, June.
    2. Gardner Bruce, 2007. "Fuel Ethanol Subsidies and Farm Price Support," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 5(2), pages 1-22, December.
    3. Brown, Bijon & Schoney, Richard & Nolan, James, 2021. "Assessing the food vs. fuel issue: An agent-based simulation," Energy Policy, Elsevier, vol. 159(C).
    4. Jaeger, William K. & Egelkraut, Thorsten M., 2011. "Biofuel economics in a setting of multiple objectives and unintended consequences," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4320-4333.
    5. Bayramoglu, Basak, 2008. "Efficiency of a Biofuel Subsidy Policy in the Presence of Environmental Externalities," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44399, European Association of Agricultural Economists.
    6. Jun, Eunju & Joon Kim, Won & Hoon Jeong, Yong & Heung Chang, Soon, 2010. "Measuring the social value of nuclear energy using contingent valuation methodology," Energy Policy, Elsevier, vol. 38(3), pages 1470-1476, March.
    7. de Gorter, Harry & Just, David R., 2007. "The Law of Unintended Consequences: How the U.S. Biofuel Tax Credit with a Mandate Subsidizes Oil Consumption and Has No Impact on Ethanol Consumption," Working Papers 127022, Cornell University, Department of Applied Economics and Management.
    8. Andrian, Leandro Gaston, 2010. "Essays on energy economics: Microeconomic and macroeconomic dimensions," ISU General Staff Papers 201001010800002725, Iowa State University, Department of Economics.
    9. Maura Allaire and Stephen P. A. Brown, 2015. "The Green Paradox of U.S. Biofuel Subsidies: Impact on Greenhouse Gas Emissions," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    10. JunJie Wu & Christian Langpap, 2015. "The Price and Welfare Effects of Biofuel Mandates and Subsidies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(1), pages 35-57, September.
    11. Brown, Stephen P.A. & Huntington, Hillard G., 2008. "Energy security and climate change protection: Complementarity or tradeoff?," Energy Policy, Elsevier, vol. 36(9), pages 3510-3513, September.
    12. Finco, Adele & Padella, Monica & Spinozzi, Romina & Benedetti, Andrea, 2010. "Biofuel And Policy Alternatives: A Farm Level Analysis," 14th ICABR Conference, June 16-18, 2010, Ravello, Italy 188088, International Consortium on Applied Bioeconomy Research (ICABR).
    13. Chao Bi & Jingjing Zeng & Wanli Zhang & Yonglin Wen, 2020. "Modelling the Coevolution of the Fuel Ethanol Industry, Technology System, and Market System in China: A History-Friendly Model," Energies, MDPI, vol. 13(5), pages 1-26, February.
    14. de Gorter, Harry & Just, David R., 2007. "The Welfare Economics of an Excise-Tax Exemption for Biofuels and the Interaction Effects with Farm Subsidies," Working Papers 127014, Cornell University, Department of Applied Economics and Management.
    15. Caldeira, Carla & Swei, Omar & Freire, Fausto & Dias, Luis C. & Olivetti, Elsa A. & Kirchain, Randolph, 2019. "Planning strategies to address operational and price uncertainty in biodiesel production," Applied Energy, Elsevier, vol. 238(C), pages 1573-1581.
    16. Tyner, Wallace E. & Taheripour, Farzad & Perkis, David, 2010. "Comparison of fixed versus variable biofuels incentives," Energy Policy, Elsevier, vol. 38(10), pages 5530-5540, October.
    17. Sparks, G.D. & Ortmann, Gerald F. & Lagrange, L., 2010. "An Economic Evaluation of Soybean-Based Biodiesel Production on Commercial Farms in the Soybean-Producing Regions of KwaZulu-Natal: Some Preliminary Results," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 95980, African Association of Agricultural Economists (AAAE).
    18. Guiné, Loic & Jacquet, Florence & Millet, Guy, 2008. "Impacts du développement des biocarburants sur la production française de grandes cultures," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement (RAEStud), Institut National de la Recherche Agronomique (INRA), vol. 89(4).
    19. David R Just, 2023. "On the policy relevance of agricultural economics," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 50(4), pages 1256-1276.
    20. Zhu, Xueqin & Yan, Shiyu & Smeets, Edward & van Berkum, Siemen, 2017. "How to measure greenhouse gas emissions by fuel type for binary sustainability standards: Average or Marginal emissions? An example of fertilizer use and corn ethanol," Discussion Papers 2017/3, Norwegian School of Economics, Department of Business and Management Science.

    More about this item

    Keywords

    Demand and Price Analysis;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    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:ags:aaea09:49371. 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.