Ethanol and the Economy

Contribution of the Renewable Fuels Industry to the Economy of Iowa

irfa-rfs

A recent study by Decision Innovation Solutions highlighted the impact of the renewable fuels industry on Iowa’s economy. Based on the size and scope of the renewable fuels industry at year-end 2034, biofuels:

    • Account for more than $5.5 billion, or about 2.2%, of Iowa GDP;
    • Generate over $2.5 billion of income for Iowa households; and
    • Support more than 34,600 jobs through the entire Iowa economy.

     

    Purchases

     

    (in Millions)

    		 GDP

     

    (in Millions)

    		 Household Earnings

     

    (in Millions)

    		 Employment

     

    (Jobs)
    Ethanol* $21,369 $5,190 $2,504 32,877
    Biodiesel $2,244 $520 $123 1,609
    Total $23,686 $5733 $2,638 34,657

     

    *Includes agriculture, investment in R&D, and exports

To view the full study, please click here.

Contribution of the Ethanol Industry to the Economy of the United States.

A recent study by John Urbanchuk prepared for the Renewable Fuels Association (RFA) showed the ethanol industry had immense impacts on the economy of the United States in 2024.

Key findings of the study show the ethanol industry:

  • Supports 56,000 direct jobs;
  • 258,000 indirect and induced jobs;
  • Contributes nearly $53 billion to U.S. GDP;
  • Generates $28 billion in household income;

To view the entire study, please click here.