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.