The objective of the research here is to more carefully investigate the claims of localized
impacts on two fronts. The first is the impact a local ethanol plant has on the rate of agricultural
land conversion to other uses (if an ethanol plant increases the value of local agricultural land as
a result of increased commodity prices, one might expect a slower rate of conversion relative to
other communities). Second, we investigate whether the siting of an ethanol plant has had a
negative impact on local residential land values.

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Alan Turnquist
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