Discovery Park

National and Global Market Implications of the 2012 U.S. Drought

February 26, 2013

During the summer of 2012, there were numerous calls to suspend biofuels mandates - Dr. Tyner argues that what's missing from the public debate is an examination of two assumptions driving these calls: 1) that biofuels, not the drought, are to blame for price spikes and 2) that reducing or eliminating the biofuels mandate would quickly lead to price reductions. Authored by Wally Tyner (energy economist and James and Lois Ackerman Professor of Agricultural Economics).
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