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Regulation of Fuels and Fuel Additives: Renewable Fuel Standard ...

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how these might more generally impact the U.S. economy. Note that this FASOM<br />

analysis is a partial equilibrium analysis, focusing almost exclusively on impacts in the<br />

U.S. agricultural sector. As a result, it cannot be utilized to make broader assessments <strong>of</strong><br />

net social benefits resulting from this rulemaking, which for example would require<br />

evaluation <strong>of</strong> the transfer payments to farmers <strong>and</strong> ethanol producers from consumers <strong>and</strong><br />

refiners.<br />

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