Economic Impacts of the Nebraska Ethanol and Co-products Industry, 2021–2023

Kathleen Brooks, Timothy Meyer and Eric Thompson

No 413444, Reports from University of Nebraska-Lincoln, Department of Agricultural Economics

Abstract: This study estimates the overall economic impact of the Nebraska ethanol industry in 2021, 2022, and 2023. The study builds on previous reports using a quantitative measure (IMPLAN) as well as fundamental economic analysis to assess the harder to measure outcomes of the industry. The Nebraska ethanol industry is well-developed and stable. Nebraska produced 2.036 billion gallons of ethanol in 2021, 2.018 billion gallons in 2022, and 2.008 billion gallons in 2023. The value of ethanol and co-products over these three years averaged $6.221 billion, a 58% increase compared to the prior seven years. The overall economic impact in these three years, when figuring in additional economic markers, was $7.253 billion, $8.182 billion, and $6.276 billion respectively. During this time period employment has increased as well. Ethanol plants in the state employ over 1,800 full-time employees (up from 1,460 in 2019) at an average wage (including benefits) of approximately $80,000 per year. Finally, the report juxtaposes the ethanol industry with other important agricultural production in the state, as well as a comparison to Nebraska GDP. All data and comparisons support the general importance of the industry to the state’s economy and overall economic health.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nbaere:413444

DOI: 10.22004/ag.econ.413444

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