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Economic Impacts of Ethanol Production in Georgia

Author

Listed:
  • Flanders, Archie
  • Luke-Morgan, Audrey S.
  • Shumaker, George A.
  • McKissick, John C.

Abstract

Capital costs to construct a conventional ethanol plant producing 100 million gallons per year are $170.593 million. Average annual net returns average $59.216 million with a 1% chance of annual net returns less than $0. Ethanol production stimulates total economic output of $314.221 million in the Georgia economy. Wages and benefits total $20.181 million for 408 jobs in Georgia. State and local governments derive a total of $4.572 million in tax revenues from ethanol production.

Suggested Citation

  • Flanders, Archie & Luke-Morgan, Audrey S. & Shumaker, George A. & McKissick, John C., 2007. "Economic Impacts of Ethanol Production in Georgia," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34820, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeasm:34820
    DOI: 10.22004/ag.econ.34820
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    References listed on IDEAS

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    1. Richardson, James W. & Klose, Steven L. & Gray, Allan W., 2000. "An Applied Procedure For Estimating And Simulating Multivariate Empirical (Mve) Probability Distributions In Farm-Level Risk Assessment And Policy Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(2), pages 1-17, August.
    2. Richardson, James W. & Herbst, Brian K. & Outlaw, Joe L. & Anderson, David P. & Klose, Steven L. & Gill, Robert Chope, II, 2006. "Risk Assessment in Economic Feasibility Analysis: The Case of Ethanol Production in Texas," Research Reports 42095, Texas A&M University, Agricultural and Food Policy Center.
    3. repec:ags:joaaec:v:32:y:2000:i:2:p:299-315 is not listed on IDEAS
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    1. Guerrero, Bridget L. & Johnson, Jeffrey W. & Amosson, Stephen H. & Johnson, Phillip N. & Segarra, Eduardo & Surles, James, 2011. "Ethanol Production in the Southern High Plains of Texas: Impacts on the Economy and Scarce Water Resources," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 41(1), pages 1-11.
    2. Gonzalez, Asa O. & Karali, Berna & Wetzstein, Michael E., 2012. "A public policy aid for bioenergy investment: Case study of failed plants," Energy Policy, Elsevier, vol. 51(C), pages 465-473.
    3. Brown, Jason P. & Weber, Jeremy G. & Wojan, Timothy R., 2013. "Emerging Energy Industries and Rural Growth," Economic Research Report 262215, United States Department of Agriculture, Economic Research Service.
    4. Schlosser, Janet A. & Leatherman, John C. & Peterson, Jeffrey M., 2008. "Are Biofuels Revitalizing Rural Economies? Projected Versus Actual Labor Market Impacts in the Great Plains," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6123, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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