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Document Type

Thesis - University Access Only

Award Date

2007

Degree Name

Master of Science (MS)

Department

Economics

First Advisor

Gary Taylor

Abstract

A basis model is used to empirically estimate the impact of ethanol production on the South Dakota com basis on the district and "State" levels. Monthly data is used to estimate basis as a function of futures price, supply, demand, storage, and transportation costs. The independent variables used are com futures prices, com production, com usage for ethanol production, com usage by cattle, Midwest No. 2 Diesel retail sales prices, storage availability, and unit train transportation The regression results show the impact on com basis varies by district from $0.04 to $0.27 per bushel, with a "State" impact of $0.24 in 2005. The impact from an additional 40 million gallon per year (MGY) ethanol plant ranges from $0.06 to $0.16 per bushel, with a "State" impact of$0.03. The impact from an additional 100 MGY ethanol plant ranges from $0.16 to $0.40 per bushel, with a "State" impact of $0.08.

Library of Congress Subject Headings

Corn -- Utilization -- South Dakota
Alcohol as fuel -- Economic aspects -- South Dakota
Corn products industry
Alcohol fuel industry

Format

application/pdf

Publisher

South Dakota State University

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