In Minnesota, the state’s Department of Agriculture Annual Report says the ethanol industry generated more than $2.5 billion in economic activity in 2009 and supported more than 6,800 jobs. Ethanol production in the state increased to 862 million gallons in 2009 from 550 million gallons five years ago.
The report estimates that production will increase to 1.1 billion gallons in 2010 with an economic impact of $3.1 billion and approximately 1,500 additional jobs. The state currently has 21 ethanol plants, half of which are farmer-owned co-ops. In 2009, Minnesota processed about 29 percent of its corn crop into ethanol, which is expected to rise to one-third this year.
More background on the story from the Digest
Category: Producer News