Grain exports add billions to MN economy
A recently updated analysis from the U.S. Grains Council has found that exports of grain and grain products add billions of dollars to the Minnesota economy each year.
The value of Minnesota’s grain and grain product exports in 2021 was nearly $2.6 billion, according to the analysis. The exports created ripple effects throughout the economy, supporting 21,704 jobs and $5.6 billion in economic output.
Exports of Minnesota corn were worth nearly $1.8 billion, according to the analysis, and created over 14,900 jobs and $3.8 billion in economic output for the state. Minnesota’s ethanol and ethanol coproduct exports were worth over $462 million and created over 4,100 jobs and $1.1 billion in economic output.
In total, the analysis showed that the $31.5 billion in grain and grain products exported indirectly supported a total economic output of $104 billion in 2021. In other words, access to international export markets for U.S. grains supported nearly an additional $72 billion in business sales during 2021. You can see a state-by-state breakdown of the value of grain exports here.
Moreover, the export of grain products supported U.S. gross domestic product by $42 billion over what would have occurred without such exports. Additionally, the number of jobs linked directly or indirectly to grain exports nationwide totaled roughly 462,000.
Learn more about grain exports on the U.S. Grains Council’s website, grains.org.
