Motamed, Mesbah J.; McPhail, Lihong Lu - Agricultural and Applied Economics Association - AAEA - 2011
We explicitly measure corn acreage response to the biofuels boom from 2006 to 2010. Specifically, we use newly available micro-scale planting data over time to test whether corn cultivation intensifies in proportion to the proximity of ethanol processors. We control for the endogeneity of plant...