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Biofuel Industry Economic Impacts and Analysis: Reporting the Facts in an Environment of Hype

Presented by: David Swenson, Iowa State University
Host: Mike Jacobson, Penn State, NEWBio

While we often articulate the overall benefits of biofuels development in the U.S. along lines of environmental improvement coupled with a vague notion of energy security, most state and regional interest in biofuels development hinges on one primary outcome: Jobs.
The promises of job creation associated with biofuels expansion have, however, been significantly less than boosters, politicians, and other vested interests promised.  This session will explain the net productivity gains to regional economies as a result of ethanol production, to include the likely net new jobs that were realized for the state of Iowa, which has the most ethanol refining capacity among the states, as well as the U.S. total.  In addition, and relying on research on the cellulosic ethanol potential in NY state, this presentation displays that state's biofuels job potential and uses that information to impute potential national impacts were the advanced biofuels mandate of 8 billion gallons met.

The NEWBio Webinar Series  is hosted by Mike Jacobson, Penn State University and eXtension Farm Energy and held (usually) on the second Tuesday of each month at 1PM Eastern time, 12 CT, 11 MT, 10 PT. These online, hour-long presentations are free to the public, and feature important topics related to bioenergy in the northeast.

Attend the live webinars at https://meeting.psu.edu/bioenergy - sign in as a guest.




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The Extension Foundation was formed in 2006 by Extension Directors and Administrators. Today, the Foundation partners with Cooperative Extension through liaison roles and a formal plan of work with the Extension Committee on Organization and Policy (ECOP) to increase system capacity while providing programmatic services, and helping Extension programs scale and investigate new methods and models for implementing programs. The Foundation provides professional development to Cooperative Extension professionals and offers exclusive services to its members. In 2020 and 2021, the Extension Foundation has awarded 85% of its direct funding back to the Cooperative Extension System, 100% of funds are used to support Cooperative Extension initiatives. 

This technology is supported in part by New Technologies for Ag Extension (funding opportunity no. USDA-NIFA-OP-010186), grant no. 2023-41595-41325 from the USDA National Institute of Food and Agriculture. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the view of the U.S. Department of Agriculture or the Extension Foundation. For more information, please visit extension.org. You can view the terms of useat extension.org/terms.

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