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Spring corn planting provides ‘economic stimulus’ to Nebraska

There’s been a lot of talk lately about economic stimulus.The executive director of the Nebraska Corn Board-Don Hutchens-says spring corn planting provides a tremendous economic stimulus to Nebraska communities. Hutchens estimates corn producers are investing about one-point-four billion dollars in fuel, seed, fertilizer and other planting costs alone.

“And as those dollars flow through the economy-typically an economist will say two and a half times-that means there’s about a three-point-five billion dollar corn farmer stimulus out there working in the state’s economy,” says Hutchens.

By the time the Nebraska corn crop is harvested this fall, Hutchens says, the total investment will exceed four billion dollars alone-not to mention the multiplier effect those dollars have throughout the economy.