A partial equilibrium analysis of global fertilizer supply and demand

Prices of nitrogen and phosphorous fertilizer spiked between 2008 and 2012. A partial equilibrium model of global nitrogen, phosphorus, and potassium fertilizer markets is constructed that is capable of producing a baseline of economic variables against which the impacts of various alternative scenarios can be evaluated. A 10% tax on farm-level nitrogen fertilizer in the United States would decrease domestic use in 2013 by 2.2%, suggesting that a very high tax might be required to obtain large reductions in nitrogen fertilizer use. A 10% increase to North American natural gas prices resulted in a long-run decrease in U.S. nitrogen fertilizer production of 2.4%, and long-run decreases in production in foreign markets of 0.1%. A 10% decrease in U.S. corn acreage was projected to reduce U.S. nitrogen, phosphorus, and potassium fertilizer use by 4.1%, 3%, and 2.5% in 2013, respectively, leading to moderate decreases in fertilizer prices and smaller reductions in domestic production.

Name thesis:degree_name

M.S.

Level thesis:degree_level

Masters

Discipline thesis:degree_discipline

Agricultural economics (MU)

Grantor dc:publisher

University of Missouri--Columbia

Year dc:date.issued

2014

Author dc:creator

• Steiner, Matthew P.

Advisor dc:contributor.advisor

• Westhoff, Patrick C. (Patrick Charles), 1958-

Language dc:language.iso

eng, English

Handle dc:identifier.uri

https://hdl.handle.net/10355/45832

OAI identifier oai:identifier

oai:mospace.umsystem.edu:10355/45832