Ethanol production is an economic elixir here:
http://news.tradingcharts.com/futures/0/4/80292740.html
In many countries, ethanol can provide an employment and economic boost - however in most cases the jobs are not as lucrative as the those in Nebraska. I do have to dispute this line though:

"...there may be no better place to produce ethanol than rural Nebraska."

Given current technologies and absent subsidies I feel safe in saying there is no good place in the U.S. to produce ethanol.