cope and Method of Study. The high volatility of fuel prices has forced farmers to consider alternative sources of energy for daily farm activities. Therefore, farmers are contemplating purchase of small scale biodiesel processors for on-farm use. However, they are uncertain about the economic cost and benefits of processing oilseeds into biodiesel on-farm. They are interested in moderating the risk of the increasing fuel prices by growing and processing small to moderate amounts of canola, sunflower or other oilseed crops. Therefore, in order to provide more information to potential investors about their investments, a Microsoft Excel based feasibility template was constructed to form a budget and project the cost and return for determining the economic feasibility of on-farm biodiesel production from canola, soybean and sunflower. Five feasibility measures were calculated including internal rate of return, net present value, return on assets, return on equity and payback period which were compared for five different potential scenarios.;Findings and Conclusions. Three scenarios-100% canola, 100% sunflower and 50% canola-50% sunflower appeared profitable at baseline assumptions and prices. The breakeven biodiesel prices of
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