TY - JOUR
T1 - The impact of the biomass crop assistance program on the united states forest products market
T2 - An application of the global forest products model
AU - Jiang, Wei
AU - Carter, Douglas R.
AU - Fu, Hanliang
AU - Jacobson, Michael G.
AU - Zipp, Katherine Y.
AU - Jin, Jiang
AU - Yang, Long
N1 - Funding Information:
Funding: This work was partially funded by the College of Agriculture and Life Sciences and West Florida REC in the University of Florida, Additional funding was provided by the Chinese Postdoctoral Science Foundation (Project No. 2018M633480), moe (Ministry of Education in China) Project of Humanities and Social Sciences (Project No.18YJA630068), Natural Science Foundation of China (Project No.71874135) and the Shaanxi Social Science Foundation (Project No.2018S09).
Publisher Copyright:
© 2019 by the authors.
PY - 2019
Y1 - 2019
N2 - As the largest consumer of petroleum and second highest producer of greenhouse gas emissions, the United States currently is a leading country in bioenergy production driven by a series of policies. One such public program that directly subsidizes biomass feedstock growers is the Biomass Crop Assistance Program (BCAP), which recently received attention for stimulating the development of bioenergy. However, critiques were also raised, concerning the possibility of intensifying the feedstock competition between bioenergy and forest products. This study, therefore, aimed at assessing the effects of BCAP on the forest product markets with the Global Forest Products Model (GFPM). Three alternative scenarios were designed to simulate three payments in BCAP. In the first scenario, the matching payment was simulated by adjusting the manufacturing cost of fuelwood and particleboard. In the second scenario, establishment payment was simulated by adjusting the supply rate of industrial roundwood. In the third scenario, the annual payment was simulated by linking the supply change rate with the soil rental rate for industrial roundwood. We found that, under the matching payment scenario, industrial roundwood and particleboard will experience a sharp decrease in production and an increase in price. For establishment payments, industrial roundwood will experience a continuous increase in production and a decrease in price. For annual payments, the industrial roundwood will experience a V-shape pattern production.
AB - As the largest consumer of petroleum and second highest producer of greenhouse gas emissions, the United States currently is a leading country in bioenergy production driven by a series of policies. One such public program that directly subsidizes biomass feedstock growers is the Biomass Crop Assistance Program (BCAP), which recently received attention for stimulating the development of bioenergy. However, critiques were also raised, concerning the possibility of intensifying the feedstock competition between bioenergy and forest products. This study, therefore, aimed at assessing the effects of BCAP on the forest product markets with the Global Forest Products Model (GFPM). Three alternative scenarios were designed to simulate three payments in BCAP. In the first scenario, the matching payment was simulated by adjusting the manufacturing cost of fuelwood and particleboard. In the second scenario, establishment payment was simulated by adjusting the supply rate of industrial roundwood. In the third scenario, the annual payment was simulated by linking the supply change rate with the soil rental rate for industrial roundwood. We found that, under the matching payment scenario, industrial roundwood and particleboard will experience a sharp decrease in production and an increase in price. For establishment payments, industrial roundwood will experience a continuous increase in production and a decrease in price. For annual payments, the industrial roundwood will experience a V-shape pattern production.
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U2 - 10.3390/f10030215
DO - 10.3390/f10030215
M3 - Article
AN - SCOPUS:85063875776
SN - 1999-4907
VL - 10
JO - Forests
JF - Forests
IS - 3
M1 - 215
ER -