Food Versus Fuel: How Biofuels Make Food More Costly and Gasoline Cheaper

Sexton, Steven, Deepak Rajagopal, David Zilberman, and Gal Hochman

from ARE Update Vol. 12, No. 1, Sep/Oct, 2008

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Abstract

This paper describes forces behind rising food prices and presents a model to characterize the magnitude of biofuel impacts on food and gasoline prices. The results of this model are compared to other estimates. We argue that a renewed commitment to agricultural productivity growth is needed to overcome current food and fuel challenges.

Keywords

food prices, biofuels, food versus fuel

Citation

Sexton, Steven, Deepak Rajagopal, David Zilberman, and Gal Hochman. "Food Versus Fuel: How Biofuels Make Food More Costly and Gasoline Cheaper." ARE Update 12(1)(2008):1-6. University of California Giannini Foundation of Agricultural Economics.
https://giannini.ucop.edu/publications/are-update/issues/2008/12/1/food-versus-fuel-how-biof/