MN: ETHANOL INDUSTRY PUMPS $2.5 BILLION INTO STATE’S ECONOMY

News Date: 07/27/2010

Minnesota's ethanol industry generated more than $2.5 billion in economic activity in 2009 and supported more than 6,800 jobs according to a new report from the Minnesota Department of Agriculture (MDA).  Ethanol production in the state increased to 862 million gallons in 2009 from 550 million gallons five years ago.  The MDA report estimates the industry is on tap to increase production to 1.1 billion gallons this year with a projected economic impact of $3.1 billion and approximately 1,500 additional jobs. 

Minnesota Agriculture Commissioner Gene Hugoson says the rebound is good news for the state’s 21 ethanol plants, half of which remain farmer-owned cooperatives.  "The ethanol industry’s downturn in 2009 was felt on farms and in our rural communities,” said Hugoson.  “This year is looking much better in terms of increased production, economic impact and employment.” To continue reading, click here. (Contact: Margaret Hart, Margaret.Hart@state.mn.us) 

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