Extract: This study's first purpose is to model normative supply responses in agriculture to large-scale fuel alcohol production from corn and grain sorghum and also crop residues. Second, the study seeks to determine the benefits of improving current technology in alcohol production. Third, there are tradeoffs between crop exports and alcohol production. As alcohol production from grains increases, agricultural commodity prices increase. With price increases, the quantity of agricultural commodities demanded as crop exports, decreases. How large are these price increases? Fourth, in what regions should alcohol be produced and what are the quantities of the different feedstocks used for alcohol production?
Book Details
- Country: US
- Published: 1984
- Publisher: Center for Agricultural and Rural Development, Iowa State University
- Language: English
- Pages: 89
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