Believe it or not, agriculture makes up 1/5 of our economy!
A nationwide economic impact study recently released found that 20.4% of the nation’s economy is linked, either directly or indirectly, to the food and agriculture sectors. More than one fourth (28%) are similarly connected.
This study was commissioned by 22 food and agriculture organizations. The economic data was compiled by John Dunham & Associates. The considered jobs, wages, taxes and export data, broken down state-by-state.
For the complete report, go to: http://www.FeedingTheEconomy.com
Among the most important findings:
Total jobs: 43,311,05
Total wages: $1.9 Trillion
Total taxes: $894.13 Billion
Exports: $146.32 Billion
Total Food & Industry Economic Impact: $6.7 Trillion
It has long been recognized that the food and agriculture industries plan a critical role not only in feeding Americans, but also in feeding and growing the nation’s economy. These numbers tell the story, reminding us that food and agriculture remain central to our nation’s well-being. We not only produce three meals each day for Americans, that same industry supports one-in-four American jobs – 28% of all jobs are tied to ag.
-RamCAD, Market Intelligence Report