An Evaluation of Tennessee Soybean Growers’ Views on a New Generation Cooperative to Produce Biodiesel

Substituting petroleum diesel with biodiesel could decrease air emissions, reduce reliance on foreign oil, and help expand markets for U.S. farmers. Soybean producers can potentially capture this value-added by forward integrating the processing of soybeans into biodiesel via a New Generation Cooperative (NGC). Using probit analysis, this study examines factors influencing soybean producers’ willingness to participate in an NGC to produce biodiesel. Tobit analysis is used to examine the factors influencing the number of shares the soybean producer would be willing to purchase. Survey results indicate that over 70% of the soybean producers in the study group are interested in investing in an NGC to produce biodiesel. Among those producers willing to participate, the average number of shares they would purchase was just under 3,460.biodiesel, New Generation Cooperative, probit analysis, soybean producers, tobit analysis, Marketing, Research Methods/ Statistical Methods,

CONSUMER PREFERENCES FOR ELECTRICITY FROM BIOENERGY AND OTHER RENEWABLES

This study ascertains residential electricity consumers' support and willingness to pay for electricity from renewable sources. Then, willingness to pay for specified renewable energy sources (solar, wind, landfill wastes, bioenergy from fast growing crops, and bioenergy from forest products wastes). Effects of demographics and environmental behaviors are estimated.Institutional and Behavioral Economics,

Livestock Farmers\u27 Use of Animal or Herd Health Information Sources

Dissemination of animal or herd health information is of potential importance not only to management of a farm business, but may also be critical to animal welfare and public health. Understanding the types of sources of animal/herd health information that farmers use and how farm and farmer characteristics may influence their use is of importance. The objectives of the study reported here were to ascertain the use animal/herd health information sources by livestock producers and the effects of farm and farmer demographic characteristics on use of these information sources. Survey results from 1,737 Tennessee livestock producers are used in the analysis

Farmer Willingness to Supply Poultry Litter for Energy Conversion and to Invest in an Energy Conversion Cooperative

Conversion of poultry litter to energy can serve as a renewable energy source and provide an alternative to land application in areas where poultry production is intensive. Economies of size may limit a farmer’s ability to economically use on-farm conversion. Capital costs can be spread across several poultry farmers to convert poultry litter to energy in a centralized facility. This research determined influences on the amount of litter poultry producers will to sell to a centralized conversion facility, on their willingness to invest in a conversion cooperative, and on the prices for litter required to divert litter from current uses.poultry litter, supply, renewable energy, Agribusiness, Agricultural Finance, Farm Management, Financial Economics, Resource /Energy Economics and Policy, Q12, Q13,

Geographical Analysis of US Green Sector Industry Concentration

This paper analyzes the geographic distribution of “green energy” sector clustering in the lower 48 United States using recent developments in industry concentration analysis. Evidence suggests that the ten green energy subsectors and the aggregate of the firms comprising the green energy sector are regionally concentrated. Positive changes in industry concentration from 2002 to 2006 tended to be greatest in non-metropolitan counties, suggesting comparative advantage with respect to site location for the composite of firms making up these sectors.Agglomeration, Location Quotient, Renewable Energy, Community/Rural/Urban Development, Industrial Organization, Research and Development/Tech Change/Emerging Technologies,

ECONOMIC IMPACTS RESULTING FROM CO-FIRING BIOMASS FEEDSTOCKS IN SOUTHEASTERN UNITED STATES COAL-FIRED PLANTS

Economic impacts of using biomass in Southeast United States coal-fired plants are estimated using a county-level biomass database; ORCED, a dynamic electricity distribution model that estimates feedstock value; ORIBAS, a GIS model that estimates feedstock transportation costs; and IMPLAN, an input-output model that determines the impacts of co-firing on economic activity.Resource /Energy Economics and Policy,

The Economic Impact of a Renewable Biofuels/Energy Industry Supply Chain Using the Renewable Energy Economic Analysis Layers Modeling System

13-C-AJFF-UTenn-13This is an open access article under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license https://creativecommons.org/licenses/by/4.0/. Please cite this article as: English BC, Menard RJ and Wilson B (2022) The Economic Impact of a Renewable Biofuels/Energy Industry Supply Chain Using the Renewable Energy Economic Analysis Layers Modeling System. Front. Energy Res. 10:780795. doi: 10.3389/fenrg.2022.78079The University of Tennessee\u2019s (UT) Department of Agricultural and Resource Economics models supply chains for both liquid and electricity generating technologies currently in use and/or forthcoming for the bio/renewable energy industry using the input\u2013output model IMPLAN\uae. The approach for ethanol, biodiesel, and other liquid fuels includes the establishment and production of the feedstock, transportation of the feedstock to the plant gate, and the one-time investment as well as annual operating of the facility that converts the feedstock to a biofuel. This modeling approach may also include the preprocessing and storage of feedstocks at depots. Labor/salary requirements and renewable identification number (RIN) values and credits attributable to the conversion facility, along with land-use changes for growing the feedstock are also included in the supply chain analyses. The investment and annual operating of renewable energy technologies for electricity generation for wind, solar, and digesters are modeled as well. Recent modeling emphasis has centered on the supply chain for liquid fuels using the Bureau of Economic Analysis\u2019s 179 economic trading areas as modeling regions. These various data layers necessary to estimate the economic impact are contained in UT\u2019s renewable energy economic analysis layers (REEAL) modeling system. This analysis provides an example scenario to demonstrate REEAL\u2019s modeling capabilities. The conversion technology modeled is a gasification Fischer\u2013Tropsch biorefinery with feedstock input of 495,000 metric tons per year of forest residue transported to a logging road that is less than one mile in distance. The biorefinery is expected to produce sustainable aviation fuel (SAF), diesel, and naphtha. An estimated one million tons of forest residue are required at fifty percent moisture content. Based on a technical economic assessment (TEA) developed by the Aviation Sustainability Center (ASCENT) and the quantity of hardwood residues available in the Central Appalachian region, three biorefineries could be sited each utilizing 495,000 dry metric tons per year. Each biorefinery could produce 47.5 million liters of SAF, 40.3 million liters of diesel, and 23.6 million liters of naphtha. Annual gross revenues for fuel required for the biorefineries to break even are estimated at $193.7 million per biorefinery. Break-even plant gate fuel prices when assuming RINs and 12.2 percent return on investment are$1.12 per liter for SAF, $1.15 per liter for diesel, and$0.97 per liter for naphtha. Based on IMPLAN, an input\u2013output model, and an investment of $1.7 billion, the estimated economic annual impact to the Central Appalachian region if the three biorefineries are sited is over a half a billion dollars. Leakages occur as investment dollars leaving the region based on the regions local purchase coefficients (i.e., LPPs), which totals$500 million. This results in an estimated $2.67 billion in economic activity with a multiplier of 1.7, or for every million dollars spent, an additional$0.7 million in economic activity is generated in the regional economy. Gross regional product is estimated at $1.28 billion and employment of nearly 1,200 jobs are created during the construction period of the biorefineries, which results in$700 million in labor income with multiplier effects. Economic activity for the feedstock operations (harvesting and chipping) is estimated at slightly more than $16.8 million resulting in an additional$30 million in the economic impact. The stumpage and additional profit occurring from the harvest of the forest residues result in $40 million directly into the pockets of the resource and logging operation owners. Their subsequent expenditures resulted in a total economic activity increase of$71.4 million. These operations result in creating an estimated 103 direct jobs for a total of 195 with multiplier effects. Direct feedstock transportation expenditures of more than $36.7 million provide an estimated increase in economic activity of almost$68 million accounting for the multiplier effects

TOBACCO QUOTA BUYOUT LEGISLATION: ECONOMIC IMPACTS IN THE SOUTHEAST

Expectations abound that a tobacco quota buyout will soon materialize. This paper provides a description of major elements of proposed tobacco quota buyout legislation. An input-output model is used to estimate the economic impacts-total output, value added, and employment-of a quota buyout on major tobacco states

The Economic Impact of a Renewable Biofuels/Energy Industry Supply Chain Using the Renewable Energy Economic Analysis Layers Modeling System

The University of Tennessee’s (UT) Department of Agricultural and Resource Economics models supply chains for both liquid and electricity generating technologies currently in use and/or forthcoming for the bio/renewable energy industry using the input–output model IMPLAN®. The approach for ethanol, biodiesel, and other liquid fuels includes the establishment and production of the feedstock, transportation of the feedstock to the plant gate, and the one-time investment as well as annual operating of the facility that converts the feedstock to a biofuel. This modeling approach may also include the preprocessing and storage of feedstocks at depots. Labor/salary requirements and renewable identification number (RIN) values and credits attributable to the conversion facility, along with land-use changes for growing the feedstock are also included in the supply chain analyses. The investment and annual operating of renewable energy technologies for electricity generation for wind, solar, and digesters are modeled as well. Recent modeling emphasis has centered on the supply chain for liquid fuels using the Bureau of Economic Analysis’s 179 economic trading areas as modeling regions. These various data layers necessary to estimate the economic impact are contained in UT’s renewable energy economic analysis layers (REEAL) modeling system. This analysis provides an example scenario to demonstrate REEAL’s modeling capabilities. The conversion technology modeled is a gasification Fischer–Tropsch biorefinery with feedstock input of 495,000 metric tons per year of forest residue transported to a logging road that is less than one mile in distance. The biorefinery is expected to produce sustainable aviation fuel (SAF), diesel, and naphtha. An estimated one million tons of forest residue are required at fifty percent moisture content. Based on a technical economic assessment (TEA) developed by the Aviation Sustainability Center (ASCENT) and the quantity of hardwood residues available in the Central Appalachian region, three biorefineries could be sited each utilizing 495,000 dry metric tons per year. Each biorefinery could produce 47.5 million liters of SAF, 40.3 million liters of diesel, and 23.6 million liters of naphtha. Annual gross revenues for fuel required for the biorefineries to break even are estimated at $193.7 million per biorefinery. Break-even plant gate fuel prices when assuming RINs and 12.2 percent return on investment are$1.12 per liter for SAF, $1.15 per liter for diesel, and$0.97 per liter for naphtha. Based on IMPLAN, an input–output model, and an investment of $1.7 billion, the estimated economic annual impact to the Central Appalachian region if the three biorefineries are sited is over a half a billion dollars. Leakages occur as investment dollars leaving the region based on the regions local purchase coefficients (i.e., LPPs), which totals$500 million. This results in an estimated $2.67 billion in economic activity with a multiplier of 1.7, or for every million dollars spent, an additional$0.7 million in economic activity is generated in the regional economy. Gross regional product is estimated at $1.28 billion and employment of nearly 1,200 jobs are created during the construction period of the biorefineries, which results in$700 million in labor income with multiplier effects. Economic activity for the feedstock operations (harvesting and chipping) is estimated at slightly more than $16.8 million resulting in an additional$30 million in the economic impact. The stumpage and additional profit occurring from the harvest of the forest residues result in $40 million directly into the pockets of the resource and logging operation owners. Their subsequent expenditures resulted in a total economic activity increase of$71.4 million. These operations result in creating an estimated 103 direct jobs for a total of 195 with multiplier effects. Direct feedstock transportation expenditures of more than $36.7 million provide an estimated increase in economic activity of almost$68 million accounting for the multiplier effects

TOBACCO QUOTA BUYOUT LEGISLATION: ECONOMIC IMPACTS IN THE SOUTHEAST

Expectations abound that a tobacco quota buyout will soon materialize. This paper provides a description of major elements of proposed tobacco quota buyout legislation. An input-output model is used to estimate the economic impacts-total output, value added, and employment-of a quota buyout on major tobacco states.Agricultural and Food Policy,