Across all types of production feedstock (e.g., soybean oil, canola oil, animal fats) over January 2017 through November 2019 the average conversion rate was 7.57, almost exactly the same as the 7.55 conversion factor assumed above for the representative Iowa biodiesel plant model. 3)  Methanol Price - Monthly average regional posted contract price history reported by Methanex. It is important to note that our profit estimates do not take into account revenue from retroactively reinstated biodiesel tax credits. The breakeven relationship tracks the biodiesel price reasonably closely in 10 of the 14 years in the sample. In accordance with Federal law and U.S. Department of Agriculture (USDA) civil rights regulations and policies, the USDA, its Agencies, offices, and employees, and institutions participating in or administering USDA programs are prohibited from discriminating on the basis of race, color, national origin, religion, sex, gender identity (including gender expression), sexual orientation, disability, age, marital status, family/parental status, income derived from a public assistance program, political beliefs, or reprisal or retaliation for prior civil rights activity, in any program or activity conducted or funded by USDA (not all bases apply to all programs). The average return was 11.8 percent over 2007-2019 and the standard deviation, a measure of risk, was 27.1 percent. 2)  Facility built in 2007 The impact of the duties on BBD imports was dramatic. Although these prices are representative of Iowa biodiesel plants, they may not be representative of plants in other regions or states. Natural gas costs through 2013 are estimated based on monthly data from the Energy Information Agency (EIA). Anecdotal evidence suggests sharing provisions are widespread and that the typical split of the $1 per gallon credit is 50/50. Accessed February 4, 2020.  http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html. The purpose of this article is to estimate biodiesel production profits for 2019 and examine the influence of these factors on profitability. 9)  A gallon of biodiesel produces .9 pounds of glycerine. The 7.55 slope is just the number of pounds of soybean oil assumed to produce a gallon of biodiesel. We utilize the EMTS data because, at least in theory, it should be a virtual census of domestic production and imports of BBD and the EMTS data allow imports of BBD from two different pathways to be fully accounted for in the estimates.