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Wisconsin Ag News Headlines |
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New Figures Confirm the Importance of Corn to State's Economy
Wisconsin Ag Connection - 05/25/2016
Wisconsin corn exports added over $300 million to the state's economy during 2014. That's according to a new analysis conducted by Informa Economics IEG, which also showed U.S. corn exports generated $74.7 billion in economic output that year.
The study, which was commissioned by the National Corn Growers Association and the U.S. Grains Council, quantifies the economic contributions and benefits of the export of corn, ethanol, the co-product dried distillers grains, corn gluten feed and the corn equivalent of meats. It shows these benefits at the national level and also the state and, in some cases, by congressional district.
According to the analysis, Wisconsin exported $207 million in corn and corn products two years ago, increasing the economic output in the state by $302 million. The study indicated 741 jobs in the state were related to exports of corn and corn products.
Meanwhile, the economic ripple effects of these corn and corn products exports created an additional $301.9 million in economic output and $66.2 million in gross state product--all while creating over 740 full-time equivalent jobs in the state.
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