New Study Reveals Powerful Economic Impact of Corn Refining Industry

Feb 17, 2021

A new study reveals the immense economic impact of the corn refining industry, featuring a $47 billion economic output in 2020, working to strengthen rural America while producing a wide variety of value-added products and materials. The report details the industry’s contributions to the U.S. economy in terms of sales, jobs, salaries, purchases, and taxes.

The economic power of the corn wet-milling industry results in:

$3.328 billion in state and federal taxes
167,786 total jobs
$10.013 billion in total wages
$47 billion in total economic output

Corn is nature’s renewable building block and can be found in most products that comprise our everyday lives—shampoo, wallpaper, laundry detergent, yogurt, pharmaceuticals, packaging, pasta, and more. Annually, 10-15% of American corn farmers’ crops are refined in corn wet-milling facilities, where our nation’s cornerstone crop is converted into a valuable resource utilized all day, every day. For years, corn-related innovations in chemistry and technology have made food taste better, cosmetics last longer, pharmaceuticals easier to swallow and plastics environmentally friendly. Now, corn products are used in 3-D printing inks and studied by nanotechnology scientists as a method for delivering cancer treatments. From America’s corn fields to corn refining plants, new technology allows us to preserve resources for future generations.

“This report underscores the essential role America’s corn refiners play in our nation’s agricultural and economic value chain,” said John Bode, President & CEO of the Corn Refiners Association. “While our members represent some of the biggest names in value-added agriculture, they remain deeply rooted in rural America, where they serve as pillars of economic growth. They work to foster technological innovation, expand commercial opportunities, advance free trade, build the bioeconomy, and feed a hungry world.”

Click here to see more...

Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

We're a 6th generation family farm in southeast Iowa showing the real ups and downs of pig farming and row crop farming. No script, just the work. Subscribe and follow along.

JOIN THE BARN TALK NEWSLETTER AND GET LIVE EVENT ACCESS: We're on a mission to hit 10,000 subscribers, and when we do, we're hosting a live event at the barn. Sign up for exclusive access to tickets and details.