摘要:Renewable energy production has been expanding at a rapid pace. New advances in
cellulosic ethanol technologies have the potential to displace the use of petroleum as a
transportation fuel, and could have significant effects on both the agricultural economy and
the environment. In this letter, the effects of falling cellulosic ethanol production costs on
the mix of ethanol feedstocks employed and on the US agricultural economy are examined.
Results indicate that, as expected, cellulosic ethanol production increases by a substantial
amount as conversion technology improves. Corn production increases initially following
the introduction of cellulosic technology, because producers enjoy new revenue from sales of
corn stover. After cellulosic ethanol production becomes substantially cheaper, however,
acres are shifted from corn production to all other agricultural commodities. Essentially,
this new technology could facilitate the exploitation of a previously under-employed
resource (corn stover), resulting in an improvement in overall welfare. In the most
optimistic scenario considered, 68% of US ethanol is derived from cellulosic sources, coarse
grain production is reduced by about 2%, and the prices of all food commodities are
reduced modestly.