A new report from the Minnesota Department of Agriculture shows the state's ethanol industry produced over $5 billion in total economic activity last year, according to an article in today's Pioneer Press. In addition to supporting more than 12,600 jobs, the ethanol industry added $912 million to the value of the state's corn crop in 2011. Much of the production, however, was to take advantage of the federal production tax credit before it's year-end expiration, and resulted in a market glut which lowered demand for ethanol in the first half of 2012, the report pointed out. Read more
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