by | Feb 22, 2017

Study: U.S. Ethanol Industry Makes “A Significant Contribution to the Economy”

The U.S. ethanol industry added $42.1 billion to the nation’s gross domestic product and supported nearly 340,000 jobs in 2016, according to a new study commissioned by ABF Economics. The study, released today by the Renewable Fuels Association at the 22nd annual National Ethanol Conference, looked at the contribution of the ethanol industry to the U.S. economy in 2016.

“The ethanol industry continues to make a significant contribution to the economy in terms of job creation, generation of tax revenue and displacement of imported crude oil and petroleum products. The importance of the ethanol industry to agriculture and rural economies is particularly notable,” the study found.

According to the analysis, the production and use of 15.25 billion gallons of ethanol last year also:

  • contributed nearly $14.4 billion to the U.S. economy from manufacturing;
  • added more than $22.5 billion in income for American households;
  • generated an estimated $4.9 billion in tax revenue to the Federal Treasury and $3.6 billion in revenue to state and local governments;
  • displaced 510 million barrels of imported oil, keeping $20.1 billion in the U.S. economy.

“As these figures show, growth of the U.S. ethanol industry clearly ripples throughout our economy,” said RFA President and CEO Bob Dinneen. “Our industry produced nearly 340,000 jobs last year and displaced more than 500 million barrels of imported oil, bringing well-paid jobs to local communities that are helping a domestic energy industry. The footprint of the U.S. ethanol sector touches every consumer in every city. This study provides definitive proof that the U.S. ethanol industry is helping to power the country’s economic engine.”

“The ethanol industry is a strong contributor to the U.S. economy, bringing jobs and tax revenue, while helping to displace imported oil,” said Economist John Urbanchuk, the study’s author and a managing partner at ABF Economics. “Continued growth and expansion of the ethanol industry through new technologies and feedstocks will enhance the industry’s position as the original creator of green jobs, and will enable America to make further strides toward energy independence,” he added.

The full study, prepared by the RFA, can be found here.

About KYCA

Who is KY Corn

Our vision is to sustainably feed and fuel a growing world.

KyCGA

Our organization empowers corn farmers to elevate their voice in the governmental process.

KY Corn Promotion Council

The Kentucky Corn Promotion Council collects and administers a .0025 checkoff, which is remitted on corn sold throughout Kentucky.

Annual Report

Review the latest Annual Report and explore highlights from 2023.

Checkoff at work

Overview

The Kentucky corn checkoff makes important market development, promotion, education, and research efforts possible.

Markets

We serve a variety of markets including, Ethanol, Bourbon & Distilled Spritis, Trade, and Livestock Feed to name a few.

Research

Learn about lorem ipsum dolor sit amet consectetur adipiscing elit. Ridiculus sem pharetra ornare placerat conubia ultrices sapien

Education

Kentucky Corn supports multiple programs about agriculture literacy and improving agriculture educations.

Sustainability

Learn about lorem ipsum dolor sit amet consectetur adipiscing elit.

Policy

Action Alerts

Learn about lorem ipsum dolor sit amet consectetur adipiscing elit.

Grassroots

For us, grassroots means that corn farmer members are the organization. Our organization is governed by a board of directors who are elected by farmer members.

Resources

Learn about lorem ipsum dolor sit amet consectetur adipiscing elit. Cubilia habitant at odio viverra. Mi nibh vehicula magnis.

FAQs

Learn about lorem ipsum dolor sit amet consectetur adipiscing elit.

Programs

Read more about all programs offered

Corn farmer checkoff funds go to a variety of annual programming to ensure a strong and vibrant Kentucky agriculture industry and to strengthen the efforts of other organizations toward their missions to enhance the future of our industry.

Core Farmer Scholarship

The CORE Farmer Program is a two-year curriculum designed to deliver classroom-style instructional learning, expand participants’ peer network and gain perspectives from other business endeavors.

News & Resources

Blog, Press, Updates

Learn about lorem ipsum dolor sit amet consectetur adipiscing elit.

Corn Facts

Learn about lorem ipsum dolor sit amet consectetur adipiscing elit. Ridiculus sem pharetra ornare placerat conubia ultrices sapien

Agriculture Education

Learn about lorem ipsum dolor sit amet consectetur adipiscing elit. Cubilia habitant at odio viverra. Mi nibh vehicula magnis.

Classroom Resources

Learn about lorem ipsum dolor sit amet consectetur adipiscing elit.

What we do.

Kentucky Corn strives to create a future for Kentucky corn farmers where they can operate successfully, grow demand and foster an understanding of corn farmers and the industry.

Become a member.

For us, grassroots means that corn farmer members are the organization. Our organization is governed by a board of directors of volunteer farmers who are elected by farmer members. Kentucky Corn Growers Association’s ability to influence policy decisions depends entirely on the strength of its membership.

By being a member, you make the Kentucky Corn Growers Association a stronger advocacy group.