Economic Effects of Biofuel Production on States and Rural Communities
| dc.creator | Parcell, Joseph L. | |
| dc.creator | Westhoff, Patrick C. | |
| dc.date | 2017-04-01T19:42:34Z | |
| dc.date.accessioned | 2026-07-09T04:33:51Z | |
| dc.description | This study summarizes research on farm-, local-, regional-, and macro-level economic effects of ethanol production. Given current production levels, the ethanol production industry annually employees approximately 3,500 workers, pays out nearly $132 million in worker salaries, generates over $110 million in local taxes, and takes in some $2 billion in government incentive payments. Projections for a 60 million gallon per year ethanol plant indicate an annual increase in corn usage of 21 million bushels, a one-time capitalization of $75 million, an increase in local corn prices between $0.06/bushel and $0.12/bushel, a 54 direct and 210 indirect jobs created, and increase in local tax revenues of $1.2 million, a decrease in federal commodity program outlays of $30 million, and an increase in ethanol production incentives (federal only) of around $30.5 million. | |
| dc.identifier | doi:10.22004/ag.econ.43774 | |
| dc.identifier | https://ageconsearch.umn.edu/record/43774/files/377.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/43774 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/551740 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/43774 | |
| dc.title | Economic Effects of Biofuel Production on States and Rural Communities | |
| dc.type | Text |