Ethanol Economics

As the ethanol industry expands, economic benefits are seen across the nation. In Missouri, ethanol plants have rapidly become a major contributor to the state's economy.

According to a University of Missouri analysis recently presented by the Missouri Senate Appropriations Committee:

The one time impact of constructing a typical ethanol plant will create an estimated 1,791 United States jobs and increase the economic activity in the United States by $212 million. Operation of a typical ethanol plant will annually maintain 928 Missouri jobs while providing $30.7 million in Missouri employment income, annually create $59.3 million in value added income to Missouri's economy and generate $130 million in economic activity in Missouri. The ethanol plant will consume some 17 million bushels of corn each year and raise the value of Missouri's corn crop by $13.7 million at the farm level annually. The ethanol plant will generate $10.3 million in tax revenues per year at the federal, state and local level.

Multiplying these numbers by the contributions of Missouri's six farmer-owned ethanol plants quickly compounds their impact at the state level.

Additional research can be found at the following links.

Economic Impacts of Ethanol Production

Employment and Economic Benefits of Ethanol Production in Missouri

Economic Contribution of the Partial Exemption for Ethanol from the Federal Excise Tax on Motor Fuel

Economic Impact of the Biofuel Industry in Missouri

 

 

 

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