AgEcon Search

AgEcon Search >
       CAFRI: Current Agriculture, Food and Resource Issues >
          Number 05, 2004 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/45986

Title: U.S. Ethanol Policy: Is It the Best Energy Alternative?
Authors: Doering, Otto C., III
Issue Date: 2004-12-31
Series/Report no.: Number 5
2004
Abstract: U.S. ethanol policy has several drivers. Among these are increasing the incomes of U.S. corn farmers, enhancing the environment, providing a source of sustainable energy, and reducing dependence on foreign oil. Each of these has its own advocates and critics. While it is true that ethanol production can enhance the incomes of corn farmers, some ask who benefits more from the public subsidy of ethanol production – farmers or processors. Some question whether ethanol always delivers a clean air benefit and whether it provides a source of sustainable energy while reducing dependence on foreign oil. The large public subsidy provided for ethanol production is yet another issue. While all of the above considerations relate to ethanol policy, this article focuses primarily on energy-related issues. The context for ethanol policy is U.S. energy policy, which is almost exclusively supply driven. Consistent with this thrust, the current target is to increase annual ethanol production from 3 billion to 5 billion gallons over the next several years. At the direct subsidy level of $US0.52 per gallon of ethanol produced, this level of production will result in a public expenditure of US$2.6 billion. The question is, what other options might provide better energy alternatives on the basis of cost and other considerations?
URI: http://purl.umn.edu/45986
Institution/Association: CAFRI: Current Agriculture, Food and Resource Issues>Number 05, 2004
Total Pages: 8
From Page: 204
To Page: 211
Collections:Number 05, 2004

Files in This Item:

File Description SizeFormat
doering5-1[1].pdfArchived Article Y-2004487KbPDFView/Open
Recommend this item

All items in AgEcon Search are protected by copyright.

 

 

Brought to you by the University of Minnesota Department of Applied Economics and the University of Minnesota Libraries with cooperation from the Agricultural and Applied Economics Association.

All papers are in Acrobat (.pdf) format. Get Adobe Reader

Contact Us

Powered by: