Agricultural and Biological Sciences
4 years ago

Biofuel Policies Significantly Reduce Global Food Prices by Expanding Farmland

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RePEc: Research Papers in Economics
The Role of Cultivated Land Expansion on the Impacts to Global Agricultural Markets from Biofuels
Jun Yang, Jikun Huang, Siwa Msangi, Scott Rozelle, Alfons Weersink

Paper Summary

Biofuels have impacted crop and food prices, but the extent is debated. This study used a model to explore how expanding farmland affects agricultural and energy markets under different biofuel policies. Results show that using more available land can help lower feedstock prices influenced by biofuel policies and energy costs.

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