The Impact of Ethanol Plants on Cropland Values in the Great Plains

Jason R. Henderson and Brent A. Gloy

No 51080, Working Papers from Cornell University, Department of Applied Economics and Management

Abstract: Corn ethanol plants consume large amounts of corn and their location has the potential to alter local crop prices and surrounding agricultural land values. The relationship between ethanol plant location and agricultural land prices is examined using data obtained from the Agricultural Credit Survey administered by the Federal Reserve Bank of Kansas City. The findings indicate that the portion of land price changes attributable to location is consistent with previous estimates of basis changes associated with ethanol plant location. As a result, the land markets appear to be rationally adjusting to the location of ethanol plants.

Keywords: Agribusiness; Agricultural Finance; Crop Production/Industries; Financial Economics; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 28
Date: 2008-01-28
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://ageconsearch.umn.edu/record/51080/files/Gloy%20WP%202008-01.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:cudawp:51080

DOI: 10.22004/ag.econ.51080

Access Statistics for this paper

More papers in Working Papers from Cornell University, Department of Applied Economics and Management Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().