Economics of peanuts for biodiesel production
Shumaker, George A.
McKissick, John C.
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Biodiesel can be made from vegetable oils or animal fats. The largest potential source of Georgia produced oil is from peanuts. In light of recent high petroleum prices, it is understandable that many would question the potential of growing peanuts in Georgia and using the oil product to produce biodiesel. In order to evaluate the potential, the Center for Agribusiness and Economic Development developed cost models for each step of the peanut to Biodiesel processing system. The objective of the research was to determine what peanut producers could be paid at various Biodiesel market prices. The feasibility of producing high oil, minimum input peanuts chiefly for the energy market can thus be determined.