Costs of Meeting the Cellulosic Biofuel Mandate with an Energy Crop with Establishment Cost and Yield Risk: Implications for Policy
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.212458
Download full text from publisher
References listed on IDEAS
- Fewell, Jason E. & Bergtold, Jason S. & Williams, Jeffery R., 2011. "Farmers’ Willingness to Grow Switchgrass as a Cellulosic Bioenergy Crop: A Stated Choice Approach," 2011 Annual Meeting, June 29-July 1, 2011, Banff, Alberta,Canada 109776, Western Agricultural Economics Association.
- Babcock, Bruce A. & Choi, E. Kwan & Feinerman, Eli, 1993.
"Risk And Probability Premiums For Cara Utility Functions,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(1), pages 1-8, July.
- Babcock, Bruce A. & Choi, E. Kwan & Feinerman, Eli, 1993. "Risk and Probability Premiums for CARA Utility Functions," ISU General Staff Papers 199301010800001102, Iowa State University, Department of Economics.
- Babcock, Bruce A. & Choi, E. Kwan & Feinerman, Eli, 1993. "Risk and Probability Premiums for CARA Utility Functions," ISU General Staff Papers 199307010700001539, Iowa State University, Department of Economics.
- Babcock, Bruce A. & Choi, E. Kwan & Feinerman, Eli, 1993. "Risk and Probability Premiums for Cara Utility Function," Staff General Research Papers Archive 596, Iowa State University, Department of Economics.
- Yan, Jun, 2007. "Enjoy the Joy of Copulas: With a Package copula," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 21(i04).
- Madhu Khanna & Xiaoguang Chen & Haixiao Huang & Hayri Onal, 2011. "Supply of Cellulosic Biofuel Feedstocks and Regional Production Pattern," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(2), pages 473-480.
- Ruiqing Miao & David A. Hennessy & Hongli Feng, 2013.
"Native Grassland Conversion: the Roles of Risk Intervention and Switching Costs,"
Center for Agricultural and Rural Development (CARD) Publications
13-wp536, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Miao, Ruiqing & Hennessy, David A. & FENG, HONGLI, 2013. "Native Grassland Conversion: the Roles of Risk Intervention and Switching Costs," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149865, Agricultural and Applied Economics Association.
- Just, Richard E & Zilberman, David, 1983. "Stochastic Structure, Farm Size and Technology Adoption in Developing Agriculture," Oxford Economic Papers, Oxford University Press, vol. 35(2), pages 307-328, July.
- Ruiqing Miao & David A. Hennessy & Bruce A. Babcock, 2012.
"Investment in Cellulosic Biofuel Refineries: Do Waivable Biofuel Mandates Matter?,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(3), pages 750-762.
- Miao, Ruiqing & Hennessy, David A. & Babcock, Bruce A., 2012. "Investment in Cellulosic Biofuel Refineries: Do Waivable Biofuel Mandates Matter?," Staff General Research Papers Archive 34756, Iowa State University, Department of Economics.
- Miao, Ruiqing & Hennessy, David A. & Babcock, Bruce, 2012. "Investment in Cellulosic Biofuel Refineries: Do Waivable Biofuel Mandates Matter?," ISU General Staff Papers 201202020800001534, Iowa State University, Department of Economics.
- David A. Hennessy & Bruce A. Babcock & Dermot J. Hayes, 1997.
"Budgetary and Producer Welfare Effects of Revenue Insurance,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(3), pages 1024-1034.
- David A. Hennessy & Bruce A. Babcock & Dermot J. Hayes, 1995. "Budgetary and Resource Allocation Effects of Revenue Assurance," Center for Agricultural and Rural Development (CARD) Publications 95-wp130, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Hennessy, David A. & Babcock, Bruce & Hayes, Dermot J., 1997. "Budgetary and Producer Welfare Effects of Revenue Insurance," ISU General Staff Papers 199701010800001206, Iowa State University, Department of Economics.
- David A. Hennessy & Bruce A. Babcock & Dermot J. Hayes, 1997. "Budgetary and Producer Welfare Effects of Revenue Insurance, The," Center for Agricultural and Rural Development (CARD) Publications 97-wp180, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Hennessy, David A. & Babcock, Bruce A. & Hayes, Dermot J., 1997. "Budgetary and Producer Welfare Effects of Revenue Insurance," Staff General Research Papers Archive 1100, Iowa State University, Department of Economics.
- David A. Hennessy & Bruce A. Babcock & Dermot J. Hayes, 1995. "Budgetary and Resource Allocation Effects of Revenue Assurance: Summary of Results, The," Center for Agricultural and Rural Development (CARD) Publications 95-bp7, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Miao, Ruiqing & Hennessy, David A. & Feng, Hongli, 2016.
"The Effects of Crop Insurance Subsidies and Sodsaver on Land-Use Change,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(2), May.
- Ruiqing Miao & David A. Hennessy & Hongli Feng, 2012. "Effects of Crop Insurance Subsidies and Sodsaver on Land Use Change, The," Center for Agricultural and Rural Development (CARD) Publications 12-wp530, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Miao, Ruiqing & Hennessy, David A. & Feng, Hongli, 2016. "The Effects of Crop Insurance Subsidies and Sodsaver on Land-Use Change," ISU General Staff Papers 201605010700001803, Iowa State University, Department of Economics.
- Zhu, Ying & Ghosh, Sujit K. & Goodwin, Barry K., 2008. "Modeling Dependence in the Design of Whole Farm---A Copula-Based Model Approach," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6282, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- H. Alan Love & Steven T. Buccola, 1991. "Joint Risk Preference-Technology Estimation with a Primal System," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 765-774.
- 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.
- Erik J. O’Donoghue & Michael J. Roberts & Nigel Key, 2009. "Did the Federal Crop Insurance Reform Act Alter Farm Enterprise Diversification?," Journal of Agricultural Economics, Wiley Blackwell, vol. 60(1), pages 80-104, February.
- Chen, Xiaoguang & Huang, Haixiao & Khanna, Madhu & Önal, Hayri, 2014. "Alternative transportation fuel standards: Welfare effects and climate benefits," Journal of Environmental Economics and Management, Elsevier, vol. 67(3), pages 241-257.
- Miao, Ruiqing & Khanna, Madhu, 2014.
"Are Bioenergy Crops Riskier than Corn? Implications for Biomass Price,"
Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 29(1), pages 1-6.
- Miao, Ruiqing & Khanna, Madhu, 2013. "Are Bioenergy Crops Riskier than Corn? Implications for Biomass Price," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150677, Agricultural and Applied Economics Association.
- Brian C. Murray & Maureen L. Cropper & Francisco C. de la Chesnaye & John M. Reilly, 2014. "How Effective Are US Renewable Energy Subsidies in Cutting Greenhouse Gases?," American Economic Review, American Economic Association, vol. 104(5), pages 569-574, May.
- Bergtold, Jason S. & Fewell, Jason E. & Williams, Jeffery R., 2011. "Farmers’ Willingness to Grow Sweet Sorghum as a Cellulosic Bioenergy Crop: A Stated Choice Approach," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 108068, Agricultural and Applied Economics Association.
- Robert H. Beach & Yuquan W. Zhang & Bruce A. Mccarl, 2012. "Modeling Bioenergy, Land Use, And Ghg Emissions With Fasomghg: Model Overview And Analysis Of Storage Cost Implications," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 3(03), pages 1-34.
- Bocquého, G. & Jacquet, F., 2010. "The adoption of switchgrass and miscanthus by farmers: Impact of liquidity constraints and risk preferences," Energy Policy, Elsevier, vol. 38(5), pages 2598-2607, May.
- Eric Duquette & Nathaniel Higgins & John Horowitz, 2012. "Farmer Discount Rates: Experimental Evidence," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(2), pages 451-456.
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.- 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.
- Ruiqing Miao & Madhu Khanna, 2017. "Effectiveness of the Biomass Crop Assistance Program: Roles of Behavioral Factors, Credit Constraint, and Program Design," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 39(4), pages 584-608.
- repec:ags:aaea22:335923 is not listed on IDEAS
- Miao, Ruiqing & Khanna, Madhu, 2013. "Crop Insurance for Energy Grasses," 2013 AAEA: Crop Insurance and the Farm Bill Symposium 156936, Agricultural and Applied Economics Association.
- 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.
- Miao, Ruiqing & Hennessy, David A. & Feng, Hongli, 2016.
"The Effects of Crop Insurance Subsidies and Sodsaver on Land-Use Change,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(2), May.
- Ruiqing Miao & David A. Hennessy & Hongli Feng, 2012. "Effects of Crop Insurance Subsidies and Sodsaver on Land Use Change, The," Center for Agricultural and Rural Development (CARD) Publications 12-wp530, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Miao, Ruiqing & Hennessy, David A. & Feng, Hongli, 2016. "The Effects of Crop Insurance Subsidies and Sodsaver on Land-Use Change," ISU General Staff Papers 201605010700001803, Iowa State University, Department of Economics.
- Mitchell, Paul David, 1999. "The theory and practice of green insurance: insurance to encourage the adoption of corn rootworm IPM," ISU General Staff Papers 1999010108000013154, Iowa State University, Department of Economics.
- Mooney, Daniel F. & Barham, Bradford L. & Lian, Chang, 2013. "Sustainable Biofuels, Marginal Agricultural Lands, and Farm Supply Response: Micro-Evidence for Southwest Wisconsin," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150510, Agricultural and Applied Economics Association.
- Rosburg, Alicia & Miranowski, John & Jacobs, Keri, 2013. "Cellulosic Biofuel Supply with Heterogeneous Biomass Suppliers: An Application to Switchgrass-based Ethanol," Staff General Research Papers Archive 36359, Iowa State University, Department of Economics.
- Galik, Christopher S., 2015. "Exploring the determinants of emerging bioenergy market participation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 47(C), pages 107-116.
- 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.
- Z. Bar‐Shira & R.E. Just & D. Zilberman, 1997.
"Estimation of farmers' risk attitude: an econometric approach,"
Agricultural Economics, International Association of Agricultural Economists, vol. 17(2-3), pages 211-222, December.
- Bar-Shira, Z. & Just, R. E. & Zilberman, D., 1997. "Estimation of farmers' risk attitude: an econometric approach," Agricultural Economics, Blackwell, vol. 17(2-3), pages 211-222, December.
- Bar-Shira, Z. & Just, Richard E. & Zilberman, David, 1994. "Estimation of Farmers' Risk Attitude: An Econometric Approach," Working Papers 197812, University of Maryland, Department of Agricultural and Resource Economics.
- Alexandre Gohin, 2019. "General Equilibrium Modelling of the Insurance Industry: U.S. Crop Insurance," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 4(2), pages 108-145, December.
- Babcock, Bruce A. & Shogren, Jason F., 1995.
"The cost of agricultural production risk,"
Agricultural Economics, Blackwell, vol. 12(2), pages 141-150, August.
- Bruce A. Babcock & Jason F. Shogren, 1995. "The cost of agricultural production risk," Agricultural Economics, International Association of Agricultural Economists, vol. 12(2), pages 141-150, April.
- Babcock, Bruce A. & Shogren, Jason F., 1995. "Cost of Agricultural Production Risk (The)," Staff General Research Papers Archive 5014, Iowa State University, Department of Economics.
- Murat Isik & Madhu Khanna, 2003.
"Stochastic Technology, Risk Preferences, and Adoption of Site-Specific Technologies,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(2), pages 305-317.
- Isik, Murat & Khanna, Madhu, 2002. "Stochastic Technology, Risk Preferences And Adoption Of Site-Specific Technologies," 2002 Annual meeting, July 28-31, Long Beach, CA 19858, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Chen, Xiaoguang, 2016. "Economic potential of biomass supply from crop residues in China," Applied Energy, Elsevier, vol. 166(C), pages 141-149.
- Skevas, Theodoros & Swinton, Scott M. & Tanner, Sophia & Sanford, Gregg & Thelen, Kurt, 2015. "Investment risk in bioenergy crops," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205440, Agricultural and Applied Economics Association.
- Wang, Weiwei & Khanna, Madhu & Dwivedi, Puneet, 2013. "Optimal Mix of Feedstock for Biofuels: Implications for Land Use and GHG Emissions," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150736, Agricultural and Applied Economics Association.
- Mitchell, Paul D. & Knight, Thomas O., 2008.
"Economic Analysis of Supplemental Deductible Coverage as Recommended in the USDA's 2007 Farm Bill Proposal,"
Agricultural and Resource Economics Review, Cambridge University Press, vol. 37(1), pages 117-131, April.
- Mitchell, Paul D. & Knight, Thomas O., 2008. "Economic Analysis of Supplemental Deductible Coverage as Recommended in the USDA's 2007 Farm Bill Proposal," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 37(1), pages 1-15, April.
- Mitchell, Paul D. & Knight, Thomas O., 2007. "Economic Analysis of Supplemental Deductible Coverage as Recommended in the USDA's 2007 Farm Bill Proposal," Staff Paper Series 509, University of Wisconsin, Agricultural and Applied Economics.
- Željko Kokot & Todor Marković & Sanjin Ivanović & Maja Meseldžija, 2020. "Whole-Farm Revenue Protection as a Factor of Economic Stability in Crop Production," Sustainability, MDPI, vol. 12(16), pages 1-11, August.
- Teresa Serra & David Zilberman & José M. Gil, 2008. "Differential uncertainties and risk attitudes between conventional and organic producers: the case of Spanish arable crop farmers," Agricultural Economics, International Association of Agricultural Economists, vol. 39(2), pages 219-229, September.
More about this item
Keywords
Agricultural and Food Policy;NEP fields
This paper has been announced in the following NEP Reports:- NEP-AGR-2016-04-30 (Agricultural Economics)
- NEP-IAS-2016-04-30 (Insurance Economics)
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:ags:iaae15:212458. 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/iaaeeea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.