Effects of Recent Energy Price Reductions on U.S. Agriculture

Bioenergy No. (BIO-04) 21 pp, June 2015

by Kandice K Marshall, Stephanie Riche, Ralph Seeley, and Paul Westcott

Over the last half of 2014, energy prices, including crude oil and natural gas, fell sharply and are expected to remain low at least through 2016. Lower energy prices will benefit the agricultural sector mainly via lower production and transport costs.

Keywords: Energy prices, crude oil, natural gas, costs of production, acreage response, biofuels, ethanol

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