Corn fuels Iowa’s economy
Corn production has been a key factor in the Iowa economy for more than 150 years.
The state’s 21st-century economy is characterized by increasing diversity. Agriculture isn’t as dominant as once was the case. Even so, there can be little doubt that corn remains of critical importance. The renewable fuels industries have increased demand for corn as a critical ingredient in manufacturing ethanol. Ethanol production has not only increased demand for corn, but also strengthens corn’s already enormous importance to Iowa’s prosperity.
According to the U.S. Department of Agriculture, corn production nationally in 2014 was 14.2 billion bushels. That’s up from 13.8 million bushels in 2013 and exceeds that previous record of 13.1 billion bushels set in 2009.
Iowa continues to top the nation in corn production. The 2.4 billion bushels of corn produced in the Hawkeye State kept it No. 1 in the nation.
Corn has been king in Iowa for generations. It seems likely to remain so well into the 21st century. Corn producers have been a vital part of the Iowa economy throughout the state’s history and are certain to remain so far into the future.
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