As craft whiskey producers look for ways to improve their products, many are looking to the past, bringing back varieties of grain that have been largely lost from the country’s fields.
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A study released this week shows Iowa biofuels continue to have a significant positive impact on Iowa’s economy, but recent market challenges reduced the job and household income impacts of ethanol and biodiesel production in the state. The study was commissioned by the Iowa Renewable Fuels Association (IRFA) and conducted by John Urbanchuk of ABF Economics. The outcome showed ethanol and biodiesel production accounts for nearly $4 billion of the states’ Gross Domestic Product (GDP). It also supports an estimated 37,000 direct and indirect jobs and boosts Iowa household income by $1.8 million. All three of these metrics, however, are down 20 to 25 percent compared to 2019. “Biofuels still provide a major boost to Iowa’s economy, but quite frankly, the report is a wake-up call to redouble our efforts at the state level,” says IRFA Executive Director, Monte Shaw. “Midwestern states like Iowa must be aggressive to drive local demand for biofuels in a meaningful way, thereby
Iowa s renewable fuels industry accounted for almost $4 billion or about 2 percent of Iowa s gross domestic product in 2020, according to a report commissioned by the Iowa Renewable Fuels Association.