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Trends in the Operational Efficiency of the U.S. Ethanol Industry: 2023 Update

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  • Irwin, Scott

Abstract

The operational efficiency of any industry is key to long-term profitability, no less so for the U.S. ethanol industry. Fortunately, the USDA began publishing the Grain Crushings and Co-Products Production report in October 2014 and this important data source allows us to examine trends in key industry efficiency measures, including gallons of ethanol per bushel of corn, pounds of dried distillers grain with solubles (DDGS) per bushel of corn, and pounds of corn oil per bushel of corn. The purpose of this article is to compute these measures at the aggregate level for the U.S. ethanol industry and to examine trends in the measures over time. This is an update of the analysis of operational efficiency published last year (farmdoc daily, March 1, 2023).

Suggested Citation

  • Irwin, Scott, 2024. "Trends in the Operational Efficiency of the U.S. Ethanol Industry: 2023 Update," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 14(28), February.
    • Handle: RePEc:ags:illufd:358288
    DOI: 10.22004/ag.econ.358288
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