The Impression of Corn: Ethanol Policy's Effect on America's Largest Commodity
Corn is the largest and most widely produced agricultural commodity in the United States. What many people do not realize, though, is that there is an entrenched connection between the everyday practice of filling up one's automobile with gasoline and the price trend of this economic giant. That connection is through ethanol. This study is observing several policy changes on ethanol production incentives instituted by the United States between 1978 and 2011. These observations are then applied to economic and econometric models in which the projected changes deduced per economic theory are tested ...
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