Iowa Biodiesel Board
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An Economic Driver for Iowa

Green street sign, intersection of 1st Street and Main Street.Biodiesel producers are a vital part of a manufacturing sector that adds substantial value to agricultural commodities produced in Iowa, and makes a significant contribution to the Iowa economy. 

Iowa’s 9 operating biodiesel plants produced about 350 million gallons in 2020, representing 20 percent of national biodiesel production, according to a study by ABF Economics. The study shows contributions to all sectors of the state's economy. 

BY THE NUMBERS:

  • 4,500  - The number of full-time equivalent jobs in all sectors of the Iowa economy supported by the increase in economic activity generated by biodiesel
  • $587 million – the biodiesel industry’s contribution to Iowa’s GDP 
  • $254 million – amount of household income in Iowa as a result of biodiesel

Farm Economy Impact

A strong Iowa biodiesel market helps farmers weather difficult economic times, supporting Iowa’s number one industry: agriculture. A StoneX analysis shows the following farm impact:

  • By increasing soybean oil value, biodiesel supports 13 percent of the price per bushel of soybeans.
  • This equated to $1.17 per bushel in 2020, while lowering the price of meal for livestock producers and the food supply.

Biodiesel production helps livestock production become more profitable while increasing our available food supply and reducing food prices. 

Video: Biodiesel and Agriculture (REG)

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