2026-09-19T10:17:02Zhttps://ecommons.cornell.edu/server/oai/requestoai:ecommons.cornell.edu:1813/310272026-05-14T13:50:30Zcom_1813_57466com_1813_57353com_1813_11653com_1813_35col_1813_57468col_1813_47
Byrd, Elizabeth
Just, David R.
de Gorter, Harry
2013-01-31T19:43:58Z
2017-12-20T07:00:30Z
2012-08-20
https://hdl.handle.net/1813/31027
7959742
Biofuel policies in the United States were adopted to reduce dependence on crude oil, boost farm incomes, and benefit the environment. However, recent literature has focused on the negative effects of biofuels on crop and food markets in terms of increasing price levels and volatility. Corn ethanol policy in the United States has created new price linkages between the corn, ethanol, and gasoline markets. Grain storage has the ability to mitigate price volatility. Thus, a better understanding of grain storage in the new environment of biofuels is warranted. The competitive grain storage model is extended to include these linkages. Four policies are considered: no policy, an ethanol consumption mandate, an excise tax credit, and both a mandate and tax credit together. The results show that the application of biofuel policy increases the expected price of corn and increases the amount of corn stored.
en_US
competitive storage model
biofuel policy
ethanol blend mandate
Application Of The Competitive Storage Model To Us Corn Ethanol Policy
dissertation or thesis
application/pdf
Agricultural Economics
Cornell University
Master of Science
M.S., Agricultural Economics
Publication
Applied Economics and Management MS Theses
Cornell Theses and Dissertations
Byrd, Elizabeth
47601f18-d3de-4171-9187-8e5283cf3a8f
5893a6ea-7af3-41d7-abc6-04bcd26ab5df
open.access
open.access
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<Abstract>Biofuel policies in the United States were adopted to reduce dependence on crude oil, boost farm incomes, and benefit the environment. However, recent literature has focused on the negative effects of biofuels on crop and food markets in terms of increasing price levels and volatility. Corn ethanol policy in the United States has created new price linkages between the corn, ethanol, and gasoline markets. Grain storage has the ability to mitigate price volatility. Thus, a better understanding of grain storage in the new environment of biofuels is warranted. The competitive grain storage model is extended to include these linkages. Four policies are considered: no policy, an ethanol consumption mandate, an excise tax credit, and both a mandate and tax credit together. The results show that the application of biofuel policy increases the expected price of corn and increases the amount of corn stored.</Abstract>
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