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Archive | Commodities

Reviewing USDA’s Revised Conservation Compliance Regulation

On Friday, April 24, 2015, the Farm Service Agency (FSA) published its regulation for attaching conservation compliance to the portion of premium covered by the Federal Crop Insurance Corporation (FCIC), known as premium subsidy. Section 2611 of the 2014 Farm Bill (Agricultural Act of 2014) made Highly Erodible Land (HEL) and Wetlands conservation compliance provisions […]

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How Does Changing Ethanol Capacity Affect Local Corn Basis?

Over the past decade, the United States has experienced a dramatic boom in ethanol production. The rapid expansion of ethanol was largely driven by the Renewable Fuel Standards (RFS), first introduced in 2005, which mandates that 36 billion gallons of renewable fuel are produced per year by 2022, 15 billion gallons of which can come […]

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Trading Off Fracked Natural Gas for Coal in China

China’s enormous growth in the past few decades stimulated a high demand for energy that historically has been fueled by coal. However, obtaining natural gas from fracking shale formations is becoming an economical competitor to coal in China because of advances in technology and economic incentives provided by the Chinese government (Thomas, p.1). Between 1984 […]

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Little Evidence that the National Food Authority can Influence the Price of Rice in the Philippines

Rice is the staple food in the Philippines. It accounts for 1/3 of the total food consumption (in terms of domestic utilization in metric tons) and is grown on about 4 million hectares of the total 13 million hectares of arable land (Glipo, Vibal and Cainglet, 2002). The Philippine government has made numerous attempts to […]

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