The Nebraska ethanol industry produced over 2.25 billion gallons in 2019, resulting in a value of production for ethanol and co-products of greater than $4.04 billion, according to a new University of Nebraska–Lincoln study estimating the industry’s impact in 2018 and 2019. The overall economic impact of the Nebraska ethanol industry is over $4.5 billion.
“This research confirms that ethanol continues to play a vital role in Nebraska’s economy,” said Reid Wagner, administrator of the Nebraska Ethanol Board. “We are seeing a lot of growth and innovation in the industry that will continue to grow Nebraska, and we expect the impact to the economy to become stronger and stronger. We are very proud that our industry and our state is able to provide a liquid fuel leading the way in de-carbonizing our nation while supporting thousands of jobs, Nebraska agriculture, and the environment.”
According to the study, Nebraska continues to rank as the second-largest ethanol-producing state in the nation. The overall value of ethanol and ethanol co-products averages 64% of corn production, 33% of cattle production and 131% of soybean production, making ethanol the third-largest agricultural industry in the state.
You can see the entire article produced by the Department of Agricultural Economics at Nebraska by clicking here.