Research Article
Biofuel Expansion, Fertilizer Use, and GHG Emissions: Unintended Consequences of Mitigation Policies
Table 2
Baseline prices for major commodities.
| | 2011 | Long run* |
| |
(US dollars per metric ton) | Wheat FOB Gulf | 270 | 274 | Corn FOB Gulf | 183 | 200 | Soybean CIF Rotterdam | 442 | 475 | Beef Nebraska Direct | 2,274 | 2,530 | Barrow and Gilt, National | 1,226 | 1,463 | Broiler U.S. 12-City | 1,924 | 2,256 | |
(US dollars per gallon) | Anhydrous ethanol, Brazil | 1.63 | 2.60 | Ethanol FOB Omaha | 1.97 | 2.04 | Biodiesel Central Europe FOB | 4.77 | 5.81 | US biodiesel plant | 4.22 | 4.84 |
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Long-run equilibrium is imposed in 2023.
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