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|Title: ||Local and Regional Economic Impacts of Biofuel Development|
|Authors: ||Leistritz, F. Larry|
Hodur, Nancy M.
|Issue Date: ||2008|
|Abstract: ||Expanded processing of agricultural products in rural areas has been widely pursued
as a strategy for rural economic development. By adding value to farm products before they
leave the area, new processing plants can create new employment opportunities and generate
economic spinoffs in rural areas that have experienced economic stagnation or decline as a result
of long term trends of farm consolidation. In addition, farmer owned processing facilities
provide a way for producers to integrate forward and capture potential profits from processing
and marketing their products. Consequently, the expansion of agricultural processing in rural
areas usually receives broad-based support from commodity groups, rural development interests,
and state political leaders. In recent years, the most prevalent type of new agricultural
processing ventures in the Midwest and Great Plains states has been corn ethanol plants. Like
other types of agricultural processing, these biofuel ventures have generally received widespread
support, and numerous studies have addressed their contributions to local or regional economies.
However, while the methods employed have seemingly been quite similar, the findings have
varied widely with the impacts attributed to ethanol development differing as much as ten-fold.
The purpose of this paper is to (1) examine reasons why estimates of local or regional economic
impacts of biofuel development may vary and (2) compare the economic impacts of corn-based
ethanol production with those expected to be associated with cellulosic ethanol production.|
|Institution/Association: ||Farm Foundation>Transition to a Bio Economy Conferences >Environmental and Rural Development Impacts Conference, October 15-16, 2008, St. Louis, Missouri|
|Total Pages: ||16|
|Collections:||Environmental and Rural Development Impacts Conference, October 15-16, 2008, St. Louis, Missouri|
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