CORN REFINING INDUSTRY Economic Impact

America’s corn refiners are an essential link in the nation’s agricultural and economic value chain. The vast majority of corn refining facilities are located in the Corn Belt where our economic footprint has an incredibly positive impact on our local communities. The commitment to our communities and social good brought by the people of the corn refining industry are what really drive its success. In the United States, the industry directly employs nearly 7,200 people with salaries and wages over $900 million. Further, every job directly supported by the corn refining industry adds an additional 23 jobs across the U.S. contributing an additional $10 billion in incomes.

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U.S. Corn Refining Industry At A Glance – 2020

25 plants
PLANTS
25
10 state locations
LOCATION
10 states
7194 direct jobs
DIRECT EMPLOYMENT
7,194 jobs
167,786 jobs
TOTAL JOBS
167,786

Total Economic Impact of Corn Refining – 2020

167,786 jobs
JOBS
167,786
$10.013 billion wages
WAGES
$10.013
billion

economic impact
OUTPUT
$47.501
billion
$3.328 billion taxes
BUSINESS TAXES
$3.328
billion

Combined Food and Agricultural Sectors Economic Impact

America’s food and agriculture sectors feed the economy and fortify the nation. Together, they account for roughly one-fifth of the country’s economic activity, supporting over 22 million jobs or 15 percent of U.S. employment. It begins in the rich soil of America’s farms and ranches – more than 2.1 million of them – spread across the heartland and stretching to the coasts, covering two out of every five American acres.

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Total National Economic Impact (including induced and indirect)

45,582,086 jobs

JOBS
45,582,086

more than 1 in 4 U.S. jobs

$2.07 trillion wages

WAGES
$2.07 trillion

7194 direct jobs

TAXES
$913.13 billion

167,786 jobs

TOTAL ECONOMIC
IMPACT
$7.06 trillion

1/5th 2016 U.S. GDP

Meanwhile, millions of food scientists, grocers and truck-drivers work in more than 200,000 food manufacturing, processing and storage facilities, to keep food fresh and deliver it on time. The journey may conclude at one of the nation’s 1 million restaurants, staffed by some of the 15.1 million Americans employed there. More often, it ends at home, at the kitchen table, surrounded by a family grateful for the nation’s bounty.

See the full Feeding the Economy report including state-by-state data