Potential Economic Impact and Basis Analysis of a Soybean Crush and Biodiesel Facility near Crookston, Minnesota

Research output: Book/ReportCommissioned report

Abstract

On May 1, 2018, Minnesota’s state biodiesel mandate increased to 20 percent (B20) during the summer months. This means number two diesel (commonly used in trucking) must contain at least 20 percent biodiesel. Soybeans are a primary source for biodiesel, and Minnesota is a leading soybean producing state. However, the state does not currently produce enough biodiesel to meet the mandate.

Investors in Crookston, Minnesota have identified the potential for constructing a new soybean crush and biodiesel plant, primarily using soybeans grown in northwest Minnesota. University of Minnesota Extension, on behalf of the Crookston Housing and Economic Development Authority (CHEDA), completed an analysis of the economic and basis impact of the proposed new plant.
Original languageEnglish (US)
Number of pages20
StatePublished - 2019

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biodiesel
economic impact
soybeans
economic analysis
economic development
summer

Cite this

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title = "Potential Economic Impact and Basis Analysis of a Soybean Crush and Biodiesel Facility near Crookston, Minnesota",
abstract = "On May 1, 2018, Minnesota’s state biodiesel mandate increased to 20 percent (B20) during the summer months. This means number two diesel (commonly used in trucking) must contain at least 20 percent biodiesel. Soybeans are a primary source for biodiesel, and Minnesota is a leading soybean producing state. However, the state does not currently produce enough biodiesel to meet the mandate.Investors in Crookston, Minnesota have identified the potential for constructing a new soybean crush and biodiesel plant, primarily using soybeans grown in northwest Minnesota. University of Minnesota Extension, on behalf of the Crookston Housing and Economic Development Authority (CHEDA), completed an analysis of the economic and basis impact of the proposed new plant.",
author = "Tuck, {Brigid A} and Usset, {Edward C} and Bhattacharyya, {Rani A}",
year = "2019",
language = "English (US)",

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TY - BOOK

T1 - Potential Economic Impact and Basis Analysis of a Soybean Crush and Biodiesel Facility near Crookston, Minnesota

AU - Tuck, Brigid A

AU - Usset, Edward C

AU - Bhattacharyya, Rani A

PY - 2019

Y1 - 2019

N2 - On May 1, 2018, Minnesota’s state biodiesel mandate increased to 20 percent (B20) during the summer months. This means number two diesel (commonly used in trucking) must contain at least 20 percent biodiesel. Soybeans are a primary source for biodiesel, and Minnesota is a leading soybean producing state. However, the state does not currently produce enough biodiesel to meet the mandate.Investors in Crookston, Minnesota have identified the potential for constructing a new soybean crush and biodiesel plant, primarily using soybeans grown in northwest Minnesota. University of Minnesota Extension, on behalf of the Crookston Housing and Economic Development Authority (CHEDA), completed an analysis of the economic and basis impact of the proposed new plant.

AB - On May 1, 2018, Minnesota’s state biodiesel mandate increased to 20 percent (B20) during the summer months. This means number two diesel (commonly used in trucking) must contain at least 20 percent biodiesel. Soybeans are a primary source for biodiesel, and Minnesota is a leading soybean producing state. However, the state does not currently produce enough biodiesel to meet the mandate.Investors in Crookston, Minnesota have identified the potential for constructing a new soybean crush and biodiesel plant, primarily using soybeans grown in northwest Minnesota. University of Minnesota Extension, on behalf of the Crookston Housing and Economic Development Authority (CHEDA), completed an analysis of the economic and basis impact of the proposed new plant.

UR - https://extension.umn.edu/community-research/soybean-crush-and-biodiesel-facility-crookston

M3 - Commissioned report

BT - Potential Economic Impact and Basis Analysis of a Soybean Crush and Biodiesel Facility near Crookston, Minnesota

ER -