Study shows Minnesota’s ethanol industry added $2.31B to state’s 2019 GDP

In Minnesota, despite challenging conditions in 2019, Minnesota’s ethanol industry contributed $2.31 billion to the state’s gross domestic product (GDP) last year, according to a new study by ABF Economics. In 2019, the industry produced 1.31 billion gallons of ethanol, 3.6 million tons of dried distiller’s grains with solubles (DDGS) and 327 million pounds of corn oil.

This generated $6.7 billion in gross sales for Minnesota businesses and supported 18,974 jobs last year. Additionally, the industry contributed $1.5 billion in household income and paid $203 million in state and local taxes. The study by ABF Economics was prepared for MN Biofuels.