Spatial Marketing Patterns for Corn Under the Condition of Increasing Ethanol Production in the U.S.

Abstract

Events external to agriculture have set in motion the conditions for structural change in the marketing of corn in the U.S. These included a rapid increase in the price of crude oil from $40 per barrel to over$100 caused by hurricanes, geopolitical events, an increased global demand for energy from countries like China and India, and in December 2007, the U.S. raising the renewable fuel standards. The results of this research show that there could be significant changes in the historical utilization and marketing of corn in the U.S. The change in movement patterns provides one source of visible evidence that a structural change is underway.ethanol, corn, spatial marketing, structural change, crude oil, Agricultural and Food Policy, Marketing, Resource /Energy Economics and Policy, Q10, Q13, Q27,