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Journal of Agricultural and Resource Economics >
Volume 34, Number 3, December 2009 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/57632
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| Title: | Biofuels: Political/Economic Boondoggle or Energy Salvation for Western States? |
| Authors: | Young, Douglas L. |
| Keywords: | biodiesel
bioenergy research
biofuels
biofuel bankruptcies
biofuel feedstocks
biofuel incentives
corn ethanol
western United States |
| Issue Date: | 2009-12 |
| Abstract: | Nearly all western states lack comparative advantages for producing corn for ethanol and
oilseeds for biodiesel. Despite this disadvantage, most western states have legislated
incentives for production of biofuels. Unfavorable changes in price relationships, high
transportation costs for imported feedstocks, and tight credit markets in 2008 and 2009
led to bankruptcies and plant closures at a disproportionate rate in the western biofuel
industry. Policy makers in western states are advised to fund research and development
for bioenergy and biofuel feedstocks in which they have a comparative advantage. These
include forestry by-products, food processing and crop residues, and livestock wastes. |
| URI: | http://purl.umn.edu/57632 |
| Institution/Association: | Journal of Agricultural and Resource Economics>Volume 34, Number 3, December 2009 |
| Total Pages: | 12 |
| From Page: | 383 |
| To Page: | 394 |
| Collections: | Volume 34, Number 3, December 2009
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| JARE,Dec09,#003F,pp383-394.pdf | | 355Kb | PDF | View/Open |
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