IAIC launches new risk analysis tool

January 10, 2007

Biodiesel and ethanol plants can now assess the risk and maximize profit possibilities through a stochastic risk analysis tool developed through the Iowa Farm Bureau and operated by the Iowa Agriculture Innovation Center (IAIC). The model uses historical patterns to determine 500 possible outcome scenarios for a 10-year financial prediction based on several variables, such as weather conditions, crop yields, commodity prices and more. According to Garth Sparbow, a financial analyst with the IAIC, clients can receive results in one to two weeks if all data is available.

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