Study Says Ethanol Creates Jobs and Economic Expansion

FEBRUARY 7, 2006 - Posted at 2:09 p.m. CST

JEFFERSON CITY, MO - A study from the University of Missouri-Columbia estimates $390 million in annual economic activity to come from ethanol production.

Missouri has three operational plants and a fourth scheduled to open this fall.  The four are expected to produce 156 million gallons of ethanol annually.

The study estimated the plants will employ more than 2,700 workers and generate an extra $41 million for farmers.

The Missouri Corn Growers Association paid for the study, which was conducted by several agriculture professors.

Missouri ethanol production could reach 350 million gallons by 2008.  The study estimates that increase would create a total of $726 million of economic activity.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)