Biofuels impact on food prices

hearing before the Committee on Energy and Natural Resources, United States Senate, One Hundred Tenth Congress, second session, to receive testimony on the relationship between the United States" renewable fuels policy and food prices, June 12, 2008.
  • 98 Pages
  • 1.90 MB
  • English
U.S. G.P.O., For sale by the Supt. of Docs., U.S. G.P.O. , Washington
Biomass energy -- Government policy -- United States., Food prices., Energy crops., Food crops., Food su
SeriesS. hrg -- 110-529
The Physical Object
Paginationiii, 98 p. ;
ID Numbers
Open LibraryOL23116427M
ISBN 100160819415
ISBN 139780160819414
LC Control Number2008397578

de Gorter finds that 80 percent of price increases of grain since are due to biofuel policies, thereby having a huge impact on value-added agricultural producers and food consumers worldwide.

Most economists argue that these price increases are a result of a “perfect storm” of supply shortfalls and demand shocks. The global food crises of and and the increased price volatility revolve around biofuels policies and their interaction with each other, farm policies and between countries.

While a certain degree of research has been conducted on biofuel efficacy and logistics, there is currently no bookBrand: Palgrave Macmillan US. “This book provides an excellent perspective of biofuel policies and their impact on commodity prices. It is well written and provides a notes section that is also a very good source of information on the ebbs and flows of biofuel policy.

The list of references used in the book is a must have for individuals studying biofuel Cited by:   de Gorter finds that 80 percent of price increases of grain since are due to biofuel policies, thereby having a huge impact on value-added agricultural producers and food consumers : Abigail Warren.

The Impact of Biofuels on Commodity Food Prices: Assessment of Findings An increase in global food prices could negatively impact access to food, especially in food importing countries and low. energy mandates may trigger a rise in world food prices by %.

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Hausman, Auffhammer and Berck () use structural vector auto-regression to examine the impact of biofuel production in the U.S. on corn prices. They find that one third of corn price increases during (which rose by 28%) can be attributed to the US biofuel mandate.

Popular opinion has linked biofuel production to the shock in food prices in Yet, much of the biofuel demand by the US and EU was driven by government mandates and subsidies, which aim to reduce the demand for oil and increase demand.

Food price and land use data over an extended time period have been examined to identify possible correlations between biofuel production and food price or land use changes.

We compared the food price index before and after the biofuel boom in the s to evaluate biofuel's impact on the inflation by: 7. Our results highlight the impact of increased meat and dairy consumption on the projected growth of food prices.

Put another way, if diets were kept constant, food prices would actually fall over time without energy regulation. Then, with the biofuel mandates, they. that more than 70% of food price increases were due to biofuels.

According to Tollens () 33% of the. Page 3 increase in U.S. maize price from was related to US bioethanol production.

Yang et al. () reported that in China, –4% of total maize production is used for bioethanol. The persistent critique of biofuels’ impact upon global food price increases (notwithstanding an inability to quantify the extent of this impact) depends upon a number of factors and not least natural constraints, markets and policies development and, importantly, upcoming pipeline technologies.

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Get this from a library. Biofuels impact on food prices: hearing before the Committee on Energy and Natural Resources, United States Senate, One Hundred Tenth Congress, second session, to receive testimony on the relationship between the United States' renewable fuels policy and food prices, J [United States.

Congress. Senate. The chapters include studies of the links between food and energy markets, the impact of biofuel policy on the level and variability of food prices, and the effects of weather-related disruptions in supply.

The findings shed light on the way price volatility affects the welfare of farmers, traders, and consumers. Other studies estimate biofuels' impact on corn prices. This includes ethanol's direct impact on corn prices, as well as soybean and other biodiesel commodities' indirect effects on corn prices.

The USDA's chief economist, Joseph Glauber, testified to the Senate in June about the U.S. biofuels effect on food prices. Using crops for fuel is putting pressure on food prices says a new analysis, which calls for an end to food-based biofuels Tom Levitt Wed 20 Sep EDT Last modified on.

Biofuels and Their Impact on Food Prices • IDW The total additional cost of food is estimated at $22 billion per year based on grain prices for the crop compared to the very low valued crops.

Exact estimates of the portion attributable to increased biofuels demand depend. 1. Introduction. Biofuels are produced from agricultural commodities, so they represent a competing demand for those commodities. Therefore, it is clear that biofuels have some impact on agricultural commodity prices, so the food–fuel debate surrounds the relative contribution of biofuels to agricultural commodity price increases compared with other drivers.

Description. 4-page publication discussing the likely impact of biofuels on food prices and the considerations involved in this issue.

Produced. 9/18/   International Finance Discussion Papers: Biofuels Impact on Crop and Food Prices: Using an Interactive Spreadsheet [Baier, Scott, United States Federal Reserve Board, et al.] on *FREE* shipping on qualifying offers.

Description Biofuels impact on food prices EPUB

International Finance Discussion Papers: Biofuels Impact on Crop and Food Prices: Using an Interactive Spreadsheet. A new study commissioned by environmental NGOs found that the production of first generation biofuels has driven up food prices in Europe, running counter to the European Commission’s.

Even eliminating current farm and biofuel policies would not change food prices enough to have a big impact on the nation's obesity epidemic.

In fact, it could even make it slightly worse, as the current mix of farm and biofuel policies probably does more to raise food prices Author: Patrick Westhoff. The Long-Run Impact of Biofuels on Food Prices. The conversion of pasture and forest land to farming due to biofuels mandates may cause a modest increase in food prices—although population growth and income-driven preferences for meat.

Are Biofuels Contributing to Higher Food Prices. 10 Inmany economists were surprised by the rising prices of maize, rice, wheat and petroleum, all of which tripled in real terms. to compare between before and after biofuel era to study the impact of biofuel on food prices and land use change.

Agricultural Census data shows that agriculture land in the United States has decreased each year since the s. Total cropland decreased by 88 million acres from to The Energy Independence and Security Act strictly.

The former body of literature suggests that biofuel prices do not affect food-commodity prices, but the latter suggests it does. We try to explain this gap, and then show that although biofuel was an important contributor to the recent food-price inflation of –, its effect on food-commodity prices declined after the recession of /   About 40% of US corn goes to biofuels, driving up food prices.

Photograph: Robert Nickelsberg/Getty Images Surplus corn harvested in is piled outside a. One fundamental concern is to understand how the biofuel industry affects food prices. The main impact of biofuels on the food industry results from surging food prices. These feedstuffs consist of “corn, soybean meal, soybean oil, wheat, barley, and oats” (Alexander and Hurt,p.

1), which constitute a significant part of food supply. World agriculture is at a turning point: economic growth, energy needs, and climate change redefine the equations of agricultural supply and demand and contribute to accelerate food prices.

Biofuels have been particularly high on the global agenda largely due to rising concerns about national energy security, high energy prices, and global. Biofuels Global Impact on Renewable Energy, Production Agriculture, and Technological Advancements Drivers Leading to Higher Food Prices: Biofuels are not the Main Factor.

Paul Armah, Aaron Archer, Gregory C. Phillips The broad scope of this book has application in the lab and classroom for the latest technological advances and also for.

Biofuels Affect Food Commodity Prices The price for many food commodities, including corn, soybeans and other oil-producing grains, fluctuates through the simple market factors of supply and demand. It should be no surprise, then, that researchers attribute slightly less than two percent of food commodity price increases in recent years to.

The biofuel factor in rising food prices. Biofuel gets a bad rap when it comes to the surging cost of food around the globe. It's just one small part of a larger problem. Michael Kanellos.But the emergence of higher and more volatile food prices during this same period of time has led to much concern over the impact of biofuels on food security, as higher food prices can affect the ability of some people to access food.

A number of concerns regarding the impact of biofuels on the environment have also been raised. When it comes to grains like corn, biofuels were responsible for up to an percent increase in global average prices between and Aprilaccording to the study. In food oils, biofuels drove average prices up by 17 percent.

When it comes to the price of sugars, the effect of biofuels was negligible.