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Ethanol vital to Indiana economy

Indiana’s ethanol industry continues to be driving force behind the Hoosier economy.  During last week’s Indiana Ethanol Forum, the Indiana Corn Marketing Council released results from a study that showed just how important the industry is to the state.

Ken Parrent, ethanol director for ICMC says it isn’t just Hoosier corn farmers that benefit.  “It has created more than 4,000 jobs,” he says.  “And it has put more than $500 million into the bottom line as far as state gross product goes.”

There has been concerns about the impact of the ethanol industry on the livestock sector.  Parrent tells Brownfield this study shows that impact isn’t all negative.  “With the distillers grain production from the ethanol plants we’ve displaced 120 million bushels of corn in the livestock sector here in Indiana,” he says.  “We’ve replaced it with high quality, high protein distillers’ grains.”

In addition, in 2013, those more than 4,000 full-time jobs generated labor income of more than $232 million for the state.

AUDIO: Ken Parrent, Indiana Corn Marketing Council (2:00mp3)

 

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