Model estimates food-versus-biofuel trade-off | Zendy

Deepak Rajagopal | Zendy; Steven Sexton | Zendy; Gal Hochman | Zendy; David RolandHolst | Zendy; David Zilberman | Zendy

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Model estimates food-versus-biofuel trade-off

Author(s) -

Deepak Rajagopal,

Steven Sexton,

Gal Hochman,

David RolandHolst,

David Zilberman

Publication year - 2008

Publication title -

california agriculture

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.472

H-Index - 25

eISSN - 2160-8091

pISSN - 0008-0845

DOI - 10.3733/ca.v063n04p199

Subject(s) - biofuel , gasoline , food prices , production (economics) , food security , agricultural economics , economics , food processing , natural resource economics , business , agriculture , microbiology and biotechnology , food science , microeconomics , chemistry , engineering , waste management , ecology , biology

Biofuels have been criticized for raising food prices and reducing food production. While biofuels have rightly been blamed for contributing to reduced food security at a time of record-high food prices in 2008, they have not been credited with reducing the cost of gasoline, also at a time of record-high prices. We discuss the food-versus-biofuel trade-off associated with biofuel production and model the effects of biofuel production in markets for key crops and gasoline, showing that food consumers lose from biofuels but gasoline consumers enjoy substantial benefits. We also suggest ways to address the food-versus-biofuel debate.

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