1. Department of Economics Climate Change Legislation & Livestock

2. Department of Economics Energy Price Paths Source: EPA Analysis of H.R. 2454, June 23, 2009

3. Department of Economics Climate Change Legislation Analysis Source: USDA, Office of Chief Economist, “The Impacts of the American Clean Energy and Security Act of 2009 On U.S. Agriculture”

4. Department of Economics USDA Estimates Source: USDA, Office of Chief Economist Statement of Joseph Glauber, before House Ag Committee, 12/2/09 2012-2018 Production Costs Changes

5. Department of Economics Domestic Offsets Source: EPA Analysis of Waxman-Markey, April 20, 2009

6. Department of Economics Land Use Changes Source: USDA, Office of Chief Economist Statement of Joseph Glauber, before House Ag Committee, 12/3/09 Allowance Prices

7. Department of Economics Crop Production Changes Source: USDA, Office of Chief Economist, “The Impacts of the American Clean Energy and Security Act of 2009 On U.S. Agriculture”

8. Department of Economics Crop Price Changes Source: USDA, Office of Chief Economist, “The Impacts of the American Clean Energy and Security Act of 2009 On U.S. Agriculture”

9. Department of Economics Livestock Production Impacts Source: USDA, Office of Chief Economist, “The Impacts of the American Clean Energy and Security Act of 2009 On U.S. Agriculture”

10. Department of Economics Livestock Price Impacts Source: USDA, Office of Chief Economist, “The Impacts of the American Clean Energy and Security Act of 2009 On U.S. Agriculture”

11. Department of Economics Offsets and Revenues Source: USDA, Office of Chief Economist, “The Impacts of the American Clean Energy and Security Act of 2009 On U.S. Agriculture”

12. Department of Economics Additional Questions Climate change impacts –Crop yields –Feed efficiencies –Water demands –Mortality rates –Nutrient values Source: IPCC, Figure 3.2, Climate Change 2007: Synthesis Report