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2008 Annual Meeting, June 23-24, 2008, Big Sky, Montana >
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http://purl.umn.edu/42304
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| Title: | Washington Biofuel Feedstock Supply under Price Uncertainty |
| Authors: | Zheng, Qiujie
Shumway, C. Richard |
| Authors (Email): | Zheng, Qiujie (qiujiezheng@gmail.com)
Shumway, C. Richard (shumway@wsu.edu) |
| Keywords: | biofuel feedstock
price uncertainty
supply |
| Issue Date: | 2008 |
| Abstract: | Biofuels, as alternative transportation fuels, are now being used globally. Taking advantage of in-state feedstock supply is an efficient way to stimulate in-state biofuel industries and the local economy. This paper uses the mean-variance model of utility maximization to estimate supply equations for major biofuel feedstock crops in Washington. We consider price risk, examine the comparative statics results of the model, and use the results to draw important decision-making implications for Washington farmers who are considering production of biofuel feedstocks. Of three potential feedstock crops, only one shows immediate promise in Washington. |
| URI: | http://purl.umn.edu/42304 |
| Institution/Association: | Western Agricultural Economics Association>2008 Annual Meeting, June 23-24, 2008, Big Sky, Montana |
| Total Pages: | 21 |
| Collections: | 2008 Annual Meeting, June 23-24, 2008, Big Sky, Montana
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| Washington Biofuel Feedstock Supply under Price Uncertaintya.pdf | | 193Kb | PDF | View/Open |
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