User Login    
 + Register
News : New study shows impacts of corn and ethanol production
Posted by John on 2013/1/8 10:50:00 (310 reads) News by the same author

Missouri's corn and ethanol industries are adding to the state's bottom line according to a study released today by the Missouri Corn Growers Association (MCGA) and Missouri Corn Merchandising Council (MCMC).

Conducted by the University of Missouri Commercial Agriculture Program, the study calculated the corn and ethanol industries injected $12 billion into the state's economy from 2000 to 2011.

Overall the combined benefits to the state's economy from the corn and ethanol industries over the 12 years studied were: $12 billion in economic value, $5.3 billion in labor income, and $2.2 billion paid in local, state and federal taxes

This dedication by farm families and commitment from the state of Missouri has resulted in big dividends for Missourians. During the 12-year period, the ethanol industry yielded a 6:1 return, a net value of over $600 million, on the state's investment.

According to the study, Missouri's six majority farmer-owned ethanol plants alone generated the following direct and indirect benefits to the state: $734 million in economic value, $416 million in labor income, and $174 million in local, state and federal taxes.

Annually Missouri's ethanol industry utilizes nearly 100 million bushels of corn to produce nearly 300 million gallons of ethanol and 825 million tons of distillers grains, a high protein livestock feed. In 2011 Missouri corn production added over $1 billion in value to the state's economy and together the two industries supported 67,000 jobs.

The complete study can be found online. To learn more about Missouri's corn and ethanol industries, visit www.mocorn.org.

Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2014/11/28 11:09:26 - KC Royals Trade Aaron Crow To Miami
2014/11/28 4:38:26 - Thanksgiving Rescue: Two Boys Buried Under 5 Feet Of Snow
2014/11/28 4:31:03 - Colorado Mastodon Bones Show Ancient Warmer Earth
2014/11/28 4:26:11 - University Of Massachusetts Cuts Ties To Cosby
2014/11/28 4:23:26 - Burt Reynolds Auctions Off Personal Items Amid Financial Struggles
2014/11/28 4:13:00 - Man Who Wounded FBI Agents In Ferguson Is Dead
2014/11/28 4:10:00 - 70-Year Old Man Gets Life In Prison For Murder
2014/11/28 4:08:21 - 4 Teens Die In Southwest Missouri Crash
2014/11/28 4:06:29 - Registered Sex Offender Accused Of Molesting Young Child
2014/11/28 4:04:13 - Missouri Man Dead After Violent Altercation With Officers
2014/11/28 4:00:32 - Early-Bird Shoppers Turn Out On Thanksgiving
2014/11/28 3:58:42 - Immigrants' Choices Tied To Their States Policies
2014/11/28 3:56:51 - Ferguson Protests Move To Target, Wal-Mart Stores
2014/11/28 3:54:15 - Updates: Black Friday From Start To Finish
2014/11/27 5:42:55 - School Considered Canceling Nutcracker Trip to Protect Kids From Christmas Tree Exposure
2014/11/27 5:39:25 - Hundreds Of Thousands Without Power Due To East Coast Storm
2014/11/27 4:42:24 - Harrison County Prosecutor-Elect Pleads Guilty In Theft Case
2014/11/26 10:12:40 - Amaren Files Application To Raise Charge On Bills
2014/11/26 10:08:15 - NCMC Board Of Trustees Meeting Report
2014/11/26 9:53:35 - Gallatin Residents To See Increase In Water Bills
2014/11/26 9:50:00 - No Green Card For Lauren Gray: Dancer Leaves For London Saturday
2014/11/26 9:45:04 - Trenton Man Sentenced To Five Years In Prison
2014/11/26 9:42:24 - Missouri Taxpayers Sue Nixon For Common Core Tests
2014/11/26 6:49:29 - Trenton City Council Meeting Report
2014/11/26 4:18:15 - Google's Latest: A Spoon That Steadies Tremors
2014/11/26 4:12:02 - The Forgotten First President (Hint: It wasn't George Washington)
2014/11/26 4:05:51 - Neighbors React To Permit For Controversial Hog Farm
2014/11/26 3:59:19 - Police: Teens Steal From Cancer Patient
2014/11/26 3:55:10 - Salvation Army Revisiting Policy After Family Turned Away Due To Age Of Son
2014/11/25 7:36:07 - University City, Mo. Officer Shot In Chest, Woman Dies



Bookmark this article at these sites

                   

Listen to KTTN-FM