U.S. Agriculture and the Emerging Bioeconomy Dr. Keith Collins Chief Economist United States Department of Agriculture.

Slides:

Advertisements

Similar presentations

Office of the Chief Economist Office of Energy Policy and New Uses Summary Remarks Economics and Policy Session Biofuels for Aviation Summit Moderator:

Advertisements

BioFuels Policy and Impact on U.S. Agriculture Juan Sesmero & Chris Hurt Ag Economists.

Biofuels Industry: Minus Incentives 22 nd Annual EPAC Conference June 24-26, 2012 Billings, MT John M. Urbanchuk Technical Director - Environmental Economics.

Socio-Economic Impacts of U.S. Ethanol Bruce A. Babcock Center for Agricultural and Rural Development Iowa State University.

Biofuels in the United States: Context and Outlook

Cellulosic Biofuel Potential with Heterogeneous Biomass Suppliers: An Application to Switchgrass-based Ethanol John Miranowski Professor of Economics,

Applying Greenhouse Gas Emissions Lifecycle Assessment Jennifer L. Christensen WISE Intern 2009 August 5, 2009.

Economic Models of Biofuels and Policy Analysis John Miranowski,* Professor of Economics Iowa State University *With Alicia Rosburg, Research Assistant.

Opportunities and Challenges of Expanding Agriculture’s Contribution to the Energy Supply Daniel G. De La Torre Ugarte University of Tennessee.

Slide 1 U.S. Energy Situation, Ethanol, and Energy Policy Wally Tyner.

Economic and Land Use Implications of Biofuels: Role of Policy Madhu Khanna With Xiaoguang Chen and Haixiao Huang Department of Agricultural and Consumer.

Energy Consumption in U.S. Agriculture John A. Miranowski Professor of Economics Iowa State University.

Current Research and Emerging Economic and Environmental Issues on Biofuels Madhu Khanna University of Illinois.

The New World of Biofuels: Implications for Agriculture and Energy Keith Collins, Chief Economist, USDA EIA Energy Outlook, Modeling, and Data Conference.

Bio-Fuels Project & Industry Introduction Dr. Dawne Martin College of Business July 25, 2012.

1 Joel Velasco Chief Representative – North America BRAZILIAN SUGARCANE INDUSTRY ASSOCIATION UNIÃO DA INDÚSTRIA.

Biofuels, Energy Security, and Future Policy Alternatives Wally Tyner Purdue University.

Future of the Bioeconomy and Biofuels: Overview, Industry, and Agriculture? Dan Otto Chad Hart John A. Miranowski Iowa State University.

COSTS AND BENEFITS OF A BIOMASS-TO-ETHANOL PRODUCTION INDUSTRY IN CALIFORNIA Pat Perez- Energy Commission May 8, rd Symposium on Biotechnology for.

The Long-Run Impact of Corn-Based Ethanol on the Grain, Oilseed, and Livestock Sectors: A Preliminary Assessment Bruce A. Babcock Center for Agricultural.

Rising Food and Energy Prices October 2 nd, 2008 Corvallis, Oregon A. Michael Schaal Director, Oil and Gas Division Office of Integrated Analysis and Forecasting.

Economical Impacts of Ethanol. Tax  Partial Excise Tax Exemption- allows marketers to sell the ethanol-blended fuels at a reduced price.  To promote.

What You’ll See Now A Fully Functioning, but Version 1 of the Model Fuel Marketplace Conversion R&D Conversion Facilities Investment Feedstock Production.

The Ethanol Boom Colin Carter University of California, Davis Oct 11, 2007.

Renewable Fuels – The Basics What is the RFS? What is the VEETC / ethanol tax credit? What is the ethanol tariff? What are waivers?

National Association of State Energy Officials’ 2005 Summer Fuels Outlook Conference The National Press Club Washington, DC April 7, 2005 Douglas A. Durante.

Liberalization of Trade in Biofuels: Implications for GHG Emissions and Social Welfare Xiaoguang Chen Madhu Khanna Hayri Önal University of Illinois at.

Energy Group Khoa Nguyen Brian Masters Elena Jaimes Zach Walker Charise Frias.

US and Global Energy Prospects, Biofuels, and Future Policy Alternatives Wally Tyner.

Community Issues and the Bioeconomy Transition: Moving Independence from Imported Oil and Climate Change Up the Local Policy Agenda Dr. Mark A. Edelman.

Office of the Chief Economist Office of Energy Policy and New Uses Harry S. Baumes, Ph. D. Associate Director Office of Energy Policy and New Uses Presented.

Ethanol Supply and Demand. Ethanol The demand for ethanol increases. What happens to the price of corn? Why?

The Value Proposition for Cellulosic and Advanced Biofuels Under the Federal Renewable Fuel Standard Sarah Thornton, Esq. Director, Biofuels and Biomass.

An Overview of the U.S. Ethanol Industry: Implications for Consumers Consumer Issues Conference University of Wyoming Tim Burkink, Ph.D. University of.

Up, Up, and Away: What’s the Real Story On RINs? Scott H. Irwin.

Importance of Energy Efficiency in State Climate Action Plans Midwestern Governors Association Energy Efficiency Advisory Group Minneapolis, MN – April.

Office of the Chief Economist Office of Energy Policy and New Uses National Agricultural Credit Committee Harry S. Baumes Associate Director Office of.

THE FUTURE OF FUELS The National United Voice for Fuel Marketers DAN GILLIGAN PRESIDENT Petroleum Marketers Association of America.

Slide 1 Tim Stearns- Washington CTED Energy Policy Division Policy puzzle for oil usage Plan better –live/work Mass transit - integrate Infrastructure.

Margaret Loudermilk, Joshua Elliott, and Todd Munson Modeling Land-Use Changes and Other Indirect Effects of Biofuel Production in CIM-EARTH STEPPING FORWARD.

Bioeconomy Summit Food, Feed, and Fuel Working Session November 28, 2006 Food, Feed, and Fuel: How do we balance the three for optimal growth? By Chad.

Bioenergy economics and policies Hans van Meijl, Edward Smeets and David Zilbermann Ravello, June , Hans van Meijl, LEI Wageningen UR.

American Energy Independence and Security Act of 2007 (EIS) and the global agriculture Yong Liu Department of Agriculture.

Global Biofuel Expansion under Different Energy Price Environments by May Mercado Peters Paper for presentation at the Energy Conference on “The Economics.

Ethanol and Sustainable Agriculture Mike Morris National Center for Appropriate Technology.

Forestry, Agriculture & Climate Change Modeling to Support Policy Analyses William Hohenstein Director, Climate Change Program Office, USDA September 27,

Bioenergy: Where We Are and Where We Should Be Daniel G. De La Torre Ugarte Chad M. Hellwinckel.

“Adding up the RFS: Implications of EPA’s 2014 RFS Proposal” Jarrett Whistance FAPRI-MU 2 May 2014 This material is based upon work supported by the U.S.

7.2 Spillover Effects and Market Failure

Grain & Sugar Ethanol Fact Sheet Grain-to-Ethanol Production The grain-to-ethanol process starts by separating, cleaning, and milling.

Agricultural Commodity Outlook Gerald A. Bange Chairperson World Agricultural Outlook Board Office of the Chief Economist U.S. Department of Agriculture.

Department of Economics Biofuel Markets and Mandates MID-CO Winter Conference 2009 Ames, Iowa January 29, 2009 Chad Hart Assistant Professor/Grain Markets.

Intelligent Biofuels Fulcrum BioEnergy, Inc. Advanced Biofuels Leadership Conference Commercialization of Waste-to-Ethanol is a Reality April 19, 2011.

Bio-Fuels: Opportunities and Challenges 9 th Annual Farmer Cooperative Conference T. Randall Fortenbery Renk Agribusiness Institute Dept. of Ag and Applied.

Econ 201 Spring 2009 Lecture 4.1 Elasticity Taxes & Subsidies

Group 4 EXERCISE - CASSAVA VALUE CHAIN Oluwafemi Alaba Ismail Kayondo Joel Kuon Njoku Damian.

Biodiesel Industry Update John Hoffman American Soybean Association.

Department of Economics Biofuel Economics Intensive Program in Biorenewables Ames, Iowa June 9, 2009 Chad Hart Assistant Professor/Grain Markets Specialist.

WGA TRANSPORTATION FUELS FOR THE FUTURE INITIATIVE Biofuel Report Summary Biofuels Team - David Terry Transportation Fuels for the Future Workshop Denver,

Policies to Accelerate the Bioeconomy: Unintended Effects and Effectiveness Madhu Khanna University of Illinois, Urbana-Champaign.

U.S. Agricultural Policy and Energy

Bioenergy Supply, Land Use, and Environmental Implications

Session 4: Biofuels: How Feasible Are Large-Scale Goals for Biofuel Penetration in the US and Canada? Ken Andrasko, EPA Session Objectives: Gauge.

Biofuel Demand Projections In the Annual Energy Outlook

Bio-fuel crops and P fertilizer

Bioeconomy Impacts on Midwestern Agriculture

Under What Conditions Would Ethanol be in Society’s Best Interest?

The Energy Independence and Security Act of 2007 (HR 6): Highlights for Renewable Energy Larry D. Sanders 2008.

Beyond Ethanol Siouxland Bankers Meeting Storm Lake, Iowa

P E S T Pest Analysis Political factors Economic factors

Presentation transcript:

U.S. Agriculture and the Emerging Bioeconomy Dr. Keith Collins Chief Economist United States Department of Agriculture

Overview Market Potential for Renewable Fuels Impacts on Agriculture Facilitating Supply and Demand Policy Challenges

Recent Changes Billions of gallons Ethanol Gasoline Ethanol Share0.8%1.2%2.8%3.5%

Recent Changes Billions of gallons Ethanol Gasoline Ethanol Share0.8%1.2%2.8%3.5% Ethanol‘ Gasoline‘ Share Met By Ethanol:20%

Recent Changes Billions of gallons Ethanol Gasoline Ethanol Share0.8%1.2%2.8%3.5% Ethanol‘ ‘ Gasoline‘ ‘ Share Met By Ethanol:20%31%

?

Key to the Future: Agricultural Output

?

Key to the Future: Cellulosics CornCellulosics Capital Costs$1.25-$1.50/gal$4.30-$5.50/gal Ethanol Yield98 gal/ton70-80 gal/ton Conversion Process SimpleComplex Enzyme Cost$0.03/gal$0.30-$0.50/gal Alcohol Content14-20%4% Transport CostsLowHigh

Policy Challenges Market Prices Efficiently Allocate Resources …Unless There Are Market Failures (Externalities) Direct Market Intervention (Taxes, RFS) Indirect Intervention (Loan Guarantees, Research)

Conclusions Great Economic Opportunity Attack the Challenges Pursue Public-Private Partnerships Look Beyond Our Borders