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| | Welcome to FarmEcon LLC
FarmEcon LLC is an agricultural and food industry consulting firm located near Indianapolis, in Carmel Indiana. We are capable of performing a wide range of consulting assignments (see Custom Studies, Recent Projects and About Us) and we are also the home of AgSCAPE, a county-level database of key U.S. crop and livestock estimates.
Center For Global Food Issues For more information on the benefits of modern, high yield, farming for the environment visit the Center for Global Food Issues, a project of the Hudson Institute. Dr. Elam is an Adjunct Fellow of the Center, and contributes to their projects. |
Does ethanol production affect gasoline prices? One of the most recent claims of the pro-ethanol lobby is that increased ethanol production is holding down the price of gasoline in the U.S. In a statistical analysis of the U.S. gasoline market Dr. Elam shows that increased ethanol production since January, 2000 has had no effect on either gasoline prices on refinery margins. This paper is forthcoming in Feedstuffs. The complete paper, the data, and the regression results will be available here after publication.
Texas A&M Ag Forum, Austin Texas, June 9, 2008 Click here to open/save the FarmEcon LLC presentation at the Texas A&M meeting, June 9, 2008. Cost of biofuels policy to the U.S. Economy Ethanol production, spurred on by federal subsidies, is increasing corn demand and causing sharply higher feed costs for producers of meat, poultry and dairy products. Despite the largest corn plantings on record and near-record yields, corn prices remain well over their 3-year average. Given the corn prices that ethanol producers can afford at $100+ per barrel oil and current ethanol subsidies it appears that feed costs have permanently moved to a much higher plateau. Dr. Elam recently published a study on the effects of Federal ethanol subsidies on feed and food costs. This study was sponsored by the National Turkey Federation, the National Chicken Council and the American Meat Institute. A copy of the full study is available here. A copy of the study presentation to National Chicken Council/U.S. Poultry and Egg Association Food Media Seminar, April 7, 2008, is available here. This paper is also available from the "Balanced Fuel and Food" website. An update of this study, including an expanded analysis of the effects of the 2008/2009 RFS done for Balanced Food and Fuel is available here. Published September 27, 2007: 10 Myths About Food-Based Bio-Fuels The facts behind bio-fuels produced from foodstuffs are not what you may read and here. Dr. Tom Elam named as a Poultry USA "Top Gun" consultant to the U.S. Poultry Industry
Thomas E. Elam, PhD
President
FarmEcon LLC
317-873-9949 (Office)
317-414-7026 (Mobile)
3825 Constitution Dr.
Carmel IN 46032 thomaselam@farmecon.com |  |
This page was last modified on Sunday, July 20, 2008
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