Economic Assessment of Producing Corn and Cellulosic Ethanol Mandate on Agricultural Producers and Consumers in the United States

Table 3

Average percentage change in major crop and fertilizer prices from baseline due to biofuel production mandate across the US farm resource regions under specified biofuel scenarios and no conservation reserve program acres availability assumption.

Scenario	Corn	Soybean	Wheat	Cotton	Hay	N	P	K
	Crop prices					Fertilizer prices; $/ton
Baseline	3.3/bu	9.7/bu	5.3/bu	0.7/lb	115.1/ton	333.1	308.2	309.1
⁢Percent change from baseline						Percent change from baseline
0 + 16	21.3%	11.8%	30.3%	20.8%	17.9%
16 + 16	41.2%	22.7%	39.3%	20.6%	19.2%
0 + 20	27.9%	15.7%	39.6%	27.7%	22.7%
16 + 20	51.9%	28.3%	50.0%	27.2%	24.0%

Refer to Table 1 for description of biofuel scenarios.
Baseline refers to no biofuel production.