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Saturday, February 28, 2015

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Ethanol and the Economy

Ethanol creates jobs, increases farm income, reduces farm program payments, and decreases the amount of energy we import. Local people are employed by ethanol plants, local crops are purchased to make the ethanol, and local tax bases are significantly expanded. An ethanol plant of average size employs about 40 people with well-paying, high-skill jobs. Local providers of goods and services for the plant also provide spin-off jobs. The combination of reduced farm program payments and increased tax revenues adds at least $1.30 (this figure even takes into consideration the ethanol incentive program) to the U.S. Treasury for every gallon of ethanol produced.

Ethanol is an American-made fuel, and though it is not the ultimate answer to our nation’s energy needs, it certainly helps our country to be more energy independent. U.S. ethanol production provides for our economy more than 4 billion gallons of fuel that is produced domestically from renewable resources and does not need to be imported.