Atwood, Joseph

May, 2023

By: Brester, Gary; McCullough, Michael; Atwood, Joseph; Austin, Caroline Graham
In December 2017, the Craft Beverage and Modernization Tax Reform Act (CBMTRA) lowered federal beer excise taxes for a period of 2 years, and the Taxpayer Certainty and Disaster Tax Act of 2020 made the reduction permanent. We evaluate the ramifications of the CBMTRA on producers, consumers, and tax receipts and quantify potential differential effects among the micro, regional, and macro brewing sectors. Although the excise tax reduction was supposed to primarily support the micro brewing sector, we find that the CBMTRA provided a larger combined benefit to the regional and macro brewing sectors.

January, 2019

By: Brester, Gary W.; Atwood, Joseph; Watts, Myles J.; Kawalski, Anita
Over 90% of U.S. corn and soybeans are planted with genetically modified (GM) seed varieties. We use a flexible, nonlinear functional form to investigate yield differences for corn, soybeans, and wheat between the United States and the European Union (which bans the use of GM technologies). U.S. corn and soybean yields increased relative to EU yields since the introduction of GM technologies. EU wheat yields (for which GM technologies are not commercially available in either region) continue to increase relative to the United States. Thus, the EU ban on GM technologies has likely increased the difference between corn and soybean yields between the two regions.