Corn Comments: Ethanol Stories and Statistics

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In this week’s Corn Comments segment, Jim Woster shares some stories and impressive statistics about renewable, clean-burning, South Dakota-made ethanol.

Here are a few facts:

Ethanol produces both food and fuel. In 2014 South Dakota’s 15 ethanol plants turned around 360 million bushels of corn into 1 billion gallons of ethanol and 2.7 million metric tons of distillers grain, aka high-protein livestock feed demanded by farmers at home and around the globe.

In South Dakota, ethanol has a $3.8 billion economic impact and directly employs over 1,900 people whose wages average around $60,000.

Nationally, the ethanol industry employs just under 400,000 people and displaced the need for 515 million barrels of foreign oil in 2014, keeping $49 billion in the USA!

South Dakota has a new ethanol plant on the horizon near Onida. To learn more about Ringneck Energy investment opportunities and more, visit: http://ringneckenergy.com

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