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

Table 8

Change in commodity prices between baseline and afforestation scenario.

	2011*	Long run**
Wheat FOB Gulf	1.42%	10.51%
Corn FOB Gulf	3.60%	17.12%
Soybean CIF Rotterdam	3.45%	18.48%
Beef Nebraska Direct	0.10%	6.78%
Barrow and Gilt, National	0.25%	9.99%
Broiler U.S. 12-City	0.28%	9.91%
Anhydrous ethanol, Brazil	0.06%	0.24%
Ethanol FOB Omaha	0.62%	7.84%
Biodiesel Central Europe FOB	0.16%	3.65%
Biodiesel plant	0.33%	6.48%

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