US Biofuels Baseline and Impact of Extending the $0.45 Ethanol Blenders Credit

Seth Meyer, Julian Binfield, Pat Westhoff, and Wyatt Thompson ( June, 2011 )

Summary

This report compares a slightly modified version of that baseline2 to an alternative scenario where the $0.45 per gallon ethanol tax credit and the $0.54 per gallon tariff are both extended indefinitely. Other biofuel policy assumptions are kept the same as in the 2011 FAPRI-MU baseline A stochastic approach is used to explore these policy options under a range of market contexts.

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