MU Study Touts Economic Benefits of Ethanol Production

A University of Missouri study of the ethanol impact on Missouri’s economy finds the state’s ethanol industry injects $390-Million annually into the state. MU Beef & Dairy Economist Vern Pierce, one of the study’s authors, says with the three existing ethanol plants, a fourth under construction, and others in the planning stages … things look very bright. Pierce points out ethanol is a huge boost to corn farmers because it puts about $70-Million more into their pockets because of a higher corn price. Pierce says the ripple effects of the expanding activity will have created more than 5,000 U.S. jobs and will have increased the economic activity in the United States by $637-Million.