Bio Fuels

Bio-fuels Economics is not likely to become a major theme in ERS Chair research activities. However, prompted largely by the interests of coauthors, several topics have been addressed. One is the linkage between initiatives to promote bio-fuel production and returns on affected agribusinesses, 

  • Tepe, Fatma Sine, Xiaodong Du, and D.A. Hennessy. “The Impact of Biofuels Policy on Agribusiness Stock Prices.” Agribusiness: An International Journal, 27(Spring, 2011):179-192. Link

Another is the curious case of whether waivable mandates matter as an incentive for advanced bio-fuels,

  • Miao, Ruiqing, D.A. Hennessy, and Bruce A. Babcock. “Investment in Cellulosic Biofuel Refineries: Do Renewable Identification Numbers Matter?” American Journal of Agricultural Economics, 94(April, 2012):760-762. Link

Stepping back, the following paper addresses how crop production responds to incentives emphasizing one or a small set of crops:

  • Hennessy, D.A. “On Monoculture and the Structure of Crop Rotations.” American Journal of Agricultural Economics, 88(November, 2006):900-914. Link
  • Babcock, Bruce A., and D.A. Hennessy. “Getting More Corn Acres from the Corn Belt.” Iowa Ag. Review, 12(Fall 2006), pp. 6B7. Link

Land use and price implications of bio-fuels have also been a matter of inquiry:

  • Du, Xiaodong, D.A. Hennessy, and William M. Edwards. "Does a Rising Biofuels Tide Raise All Boats? A Study of Cash Rent Determinants for Iowa Farmland under Hay and Pasture." Journal of Agricultural and Food Industrial Organization, 6(2008). Article 7 of Special Issue in Memory of Bruce Gardner. Link
  • Arora, Gaurav, Peter T. Wolter, Hongli Feng, and D.A. Hennessy. “Role of Ethanol Plants in Dakotas Land Use Change: Incorporating Flexible Trends in the Difference-in-Difference Framework with Remotely-Sensed Data.” Center for Agricultural and Rural Development, Iowa State University, Working paper 16-WP 564, March 2016. Link
  • Arora, Gaurav, Peter T. Wolter, D.A. Hennessy, and Hongli Feng. “Land Use Change and Policy in Iowa’s Loess Hills.” Sustainable Agriculture Research, 5(4, 2016):30-45. Link

For more details on this line of work, see Land Use.

 

 

Crops

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