Study reinforces agriculture’s critical economic role

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Study reinforces agriculture’s critical economic role

A new study shows the economic impact of the food and agriculture sector on the US economy exceeds $7.3 trillion.

The study, commissioned by 21 food and ag groups, reveals that one-fifth of the US economy and one-fourth of American jobs are linked to the food and agriculture sector.

Conclusions of the study also show the industry contributes to:

• Nearly 47 million jobs
• Nearly $2.3 trillion in total wages
• More than $885 billion in taxes
• And more than $148 billion in exports

According to the study, food and agriculture in these states contributes to:

• Illinois – More than 1.9 million jobs and $318 billion in economic output.
• Indiana – More than 954,000 jobs and $172 billion in economic output.
• Ohio – More than 1.6 million jobs and $279 billion in economic output.
• Michigan – More than 1.2 million jobs and $193 billion in economic output.
• Wisconsin – More than 1.1 million jobs and $216 billion in economic output.
• Minnesota – More than 1 million jobs and $192 billion in economic output.
• South Dakota – More than 220,000 jobs and $47 billion in economic output.
• Nebraska – More than 535,000 jobs and $131 billion in economic output.
• Iowa – More than 821, 000 jobs and $207 billion in economic output.
• Missouri – More than 998,000 jobs and $159 billion in economic output.
• Tennessee – More than 982,000 jobs and $151 billion in economic output.
• Arkansas – More than 503,000 jobs and $93 billion in economic output.

Wages, taxes and exports for each state and impacts by congressional district and are also included.