| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Economic Effects of Biofuel Production on States and Rural Communities
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| Autores: |
Parcell, Joseph L.
Westhoff, Patrick C.
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| Data: |
2008-10-01
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| Ano: |
2006
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| Palavras-chave: |
Biofuel
Ethanol
Local economy
Government subsidies
Community/Rural/Urban Development
Resource /Energy Economics and Policy
O13
Q40
Q42
R10
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| Resumo: |
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.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/43774
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| Relação: |
Journal of Agricultural and Applied Economics>Volume 38, Number 02, August 2006
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| Formato: |
11
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