Publication - An Economic Analysis of a Major Bio-Fuel Program Undertaken by OECD Countries
Title in English
An Economic Analysis of a Major Bio-Fuel Program Undertaken by OECD Countries
Summary in English
The objective of the analysis is to quantify the potential impact on grain and oilseed prices of a major bio-fuel program initiated by OECD countries over the 1999 through 2006 period. The increase in world and domestic prices for grains and vegetable oils is strong, especially toward 2006. The analysis shows that a major bio-fuel program for all OECD countries would be beneficial to Canadian agriculture and would eliminate most of the problems related to farm income.