Future Demand for Corn as an Industrial Input
2005
- Department of Agricultural and Applied Economics, Univ. of Wisconsin-Madison
Project Media
Industrial uses of corn have increased significantly in recent years. It is currently estimated that 26% of total consumption of US corn this marketing year will be comprised of food and industrial uses. The largest single factor in the growth of industrial use has been increased corn use in ethanol production. Ethanol production alone is expected to consume almost 13% of the record corn crop harvested fall 2004. Further, as additional ethanol plant capacity develops in the near term, this percentage is likely to increase.