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UNL study shows ethanol’s impact on economy
A new study from the University of Nebraska-Lincoln shows the ethanol and co-products industry is contributing billions of dollars to the state’s economy.
Tim Meyer, associate professor of practice in the Department of Agricultural Economics, says the value of the state’s ethanol production is nearly $7 billion annually.
“It corroborates what we knew about the industry that the co-product markets provide a natural hedge against low ethanol prices that are directly influenced by gasoline prices.”
He tells Brownfield it creates a stable market for farmers. “It creates demand for corn and it creates constant demand.”
The study also revealed that ethanol production in Nebraska directly created 1,800 jobs at an average annual salary of nearly $80,000 between 2021 and 2023.
The ethanol industry ranks as the state’s third-largest ag sector, trailing only corn and cattle in terms of agricultural output.
AUDIO FEATURE: Ethanol Study with UNL’s Tim Meyer
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