Preliminary Analysis of the Effects of HR 2454 on U.S. Agriculture

摘要

This analysis examines the potential effects on US agriculture of the cap-and-trade program that would be implemented under HR 2454, the American Clean Energy and Security Act of 2009, as reported by the House Committee on Energy and Commerce on May 21. The analysis is based on the energy price effects estimated by EPA and published in their June 23 analysis of HR 2454. The effects of higher energy costs on agricultural supply, demand, prices and net farm income are compared to the baseline values over 2012-18. We then examine the impacts of energy price increases over the medium (2027-33) and long term (2042-48). HR 2454 would also provide opportunities for farmers and ranchers to receive payments for carbon offsets. Clean Energy and Security Act of 2009, as reported by the House Committee on Energy and Commerce on May 21.