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.”

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Video: What Does 20 MILLION Hogs a Year Look Like?

?? The Multi-Plant System Processing 20 Million Hogs Annually in the Midwest JBS USA operates multiple large-scale pork processing facilities across the Midwest, including major plants in Iowa, Minnesota, and Indiana. Combined, these facilities have the capacity to process approximately 20 million hogs annually.

Each plant operates high-speed automated slaughter systems capable of processing up to 20,000 head per day, followed by fabrication lines that break carcasses into primals, sub-primals, and case-ready retail products.

Hog procurement is coordinated through electronic marketing platforms that connect regional contract finishing operations and independent producers to plant demand schedules. This digital procurement system allows for steady supply flow and scheduling efficiency across multiple facilities.

Processing plants incorporate comprehensive food safety systems, including pathogen intervention technologies, rapid chilling processes, and integrated cold-chain management. USDA inspection is embedded throughout the harvest and fabrication stages to ensure regulatory compliance and product integrity. Finished pork products — from bulk primals to retail-ready packaged cuts — are distributed through coordinated logistics networks serving domestic and export markets.