Biofuel Expansion, Fertilizer Use, and GHG Emissions: Unintended Consequences of Mitigation Policies

Table 3

Change in commodity prices between baseline and fertilizer tax scenario.

	2011*	Long run**
Wheat FOB Gulf	0.11%	0.09%
Corn FOB Gulf	0.25%	0.14%
Soybean CIF Rotterdam	−0.07%	−0.05%
Beef Nebraska Direct	0.01%	0.01%
Barrow and Gilt, National	0.01%	0.08%
Broiler U.S. 12-City	0.01%	0.03%
Anhydrous ethanol, Brazil	0.004%	0.01%
Ethanol FOB Omaha	0.05%	0.08%
Biodiesel Central Europe FOB	0.00%	−0.01%
Biodiesel plant	−0.01%	−0.02%

∗2011 is the first year of projection. ∗∗Long-run equilibrium is imposed in 2023.