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Overview of Ethanol in the Ag. Economy

Explore the growth and impact of ethanol and biodiesel industries in the US agricultural sector. Learn about current capacities, expansions, corn and soybean oil utilization, state-specific data, and future projections.

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Overview of Ethanol in the Ag. Economy

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  1. Overview of Ethanol in the Ag. Economy Chad Hart Center for Agricultural and Rural Development Iowa State University E-mail: chart@iastate.edu May 14, 2008 Biofuels and the Rural Economy The Center for Towncraft Perry, Iowa

  2. Ethanol Expansion Source: Renewable Fuels Association

  3. Biodiesel Growth Source: National Biodiesel Board

  4. Ethanol Industry Snapshots Source: Renewable Fuels Association

  5. U.S. Ethanol Industry • Current ethanol capacity: 169 plants, 9.2 billion gallons/year • Total capacity under construction and expansion: 5.7 billion gallons/year • 71 new ethanol plants and expansion projects underway (some projects are suspended) • 2.117 billion bushels of corn were used in producing fuel ethanol in 2006/2007 marketing year. • 3 billion bushels of corn are expected to be used in producing fuel ethanol for 2007/2008 marketing year. • 4 billion bushels of corn are expected to be used in producing fuel ethanol for 2008/2009 marketing year.

  6. Ethanol – State by State

  7. U.S. Biodiesel Industry • Current biodiesel capacity: 221 plants, 2.59 billion gallons/year • Total capacity under construction and expansion: 1.34 billion gallons/year • 77 new plants underway • 2.8 billion pounds of soybean oil was used in producing biodiesel in 2006/2007 marketing year. • 2.95 billion pounds of soybean oil are expected to be used in producing biodiesel for 2007/2008 marketing year. • 3.2 billion pounds of soybean oil are expected to be used in producing biodiesel for 2008/2009 marketing year.

  8. Biodiesel – State by State

  9. Projected Corn Utilization

  10. Acreage Used for Biofuel

  11. World Ethanol Imports, 2007

  12. Renewable Fuels Standard Source: Renewable Fuels Association

  13. Oil Futures As Of 5/12/2008

  14. Nearby Corn Futures

  15. Historical Ethanol Margins

  16. Projected Ethanol Margins

  17. Comparing Futures Prices

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