There's even greater production on the horizon with three plants under construction due to be operational in the next 18 months.
Brian Woldt
These dollars are flowing to the rest of the community. People are trading for new cars sooner. They are going to restaurants more often. It reverberates through every single thing throughout the state.
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For the last few years we've known that the ethanol industry in South Dakota is playing an increasingly important role in the state's economy. It's a billion dollar industry and is growing exponentially. It's good news for producers and also great news for everyone on main street South Dakota - virtually every citizen - because it has resulted in greater wealth, more jobs and less dependence on foreign oil.
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There is a lot of money that is going into the local economies all over the state. This is new wealth, and I believe in the power of new wealth. These dollars are used locally and will create jobs and economic development in areas where there may not have been opportunities before.
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Another positive economic sign for the future of family farms in this state is the fact that more than 8,000 South Dakota farm families are invested in our ethanol industry. That is the largest number of farmer/investors in the nation.
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