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Dependency on the Ethanol Industry


  • Yonas G. Hamda
  • Jing Li

    () (South Dakota State University)


The year 2008 will long be remembered as a year when corn based ethanol has seen tremendous change. The Energy Independence and Security Act, which passed in late 2007, gave a huge boost to the industry as it mandated an increase in biofuel production and use. In 2008, the industry witnessed record high prices on corn and crude oil. Ultimately, a big ethanol and distiller’s grain company--Vera Sun Energy-- filed for Chapter 11 bankruptcy leaving farmers with contracts wondering what will happen next. South Dakota is a major corn growing and ethanol producing state and this article assesses the relative magnitude of corn based ethanol on the local economy in terms of distribution of ethanol plants and corn disappearance ratios.

Suggested Citation

  • Yonas G. Hamda & Jing Li, 2008. "Dependency on the Ethanol Industry," Issue Briefs 2008503, South Dakota State University, Department of Economics.
  • Handle: RePEc:sda:ibrief:2008503

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    Cited by:

    1. Peter J. Rimmer & Howard Dick, 2010. "Appropriate Economic Space for Transnational Infrastructural Projects: Gateways, Multimodal Corridors, and Special Economic Zones," Working Papers id:2946, eSocialSciences.

    More about this item


    ethanol; south dakota; farm policy;

    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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