Farms.com Home   Ag Industry News

2023 - Ethanol's strong impact on economy and jobs

By Farms.com

The ethanol industry in 2023 stood out as a pivotal economic and environmental contributor in the United States. Directly employing over 72,400 people, with an additional 322,000 jobs influenced indirectly, the sector underscored its integral role in the national employment landscape.  

Generating a substantial $32.5 billion in household income and contributing over $54.2 billion to the GDP, the industry's economic impact was profound. This activity also translated into significant tax revenue, approximately $10.4 billion, benefiting federal, state, and local governments. 

With the industry achieving stability post-2022's inflation and energy challenges, it embarked on a trajectory of expansion and stability.  

Investment in production inputs reached nearly $39 billion, with corn procurement alone nearing $32 billion, indicating the industry's significant support for agriculture and rural communities. Particularly in Iowa, the ethanol industry's influence was remarkable, supporting over 100,000 jobs and showcasing the sector's deep roots in local economies. 

Looking forward, the industry's dedication to innovation and market expansion promises further economic and environmental benefits.  

By embracing new technologies and markets, the ethanol sector is set to continue its role as a pioneer in green job creation and a leader in reducing greenhouse gas emissions. This forward momentum solidifies the ethanol industry's position as a key player in America's sustainable future and economic resilience.


Trending Video

Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!

Video: Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!


Demco's dual auger grain cart is designed for unloading efficiency, operator visibility, and safety in the field.

This dual-auger design features both an unload auger and a floor auger for enhanced grain cleanout and consistent flow, and the 22-inch unload auger is capable of moving up to 600 bushels per minute.

Farmers can also choose between right or left-handed unload options—right-handed unload improves visibility from the tractor cab. A new design allows both vertical and horizontal movement for precise grain placement during unloading.

Another key feature is the built-in fire safety system; a 300-gallon onboard water tank with a hose reel that provides field-ready fire suppression capability.

These dual auger grain carts are available in 1100, 1300, 1500, 1700, and 2200 bushel sizes.