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Agricultural News

New Report Highlights Food and Ag Economic Impact

Wed, 23 Mar 2022 08:53:31 CDT

A new study from food and agriculture groups, including the American Farm Bureau Federation, shows the economic impact of agriculture. Micheal Clements shares more on how the data can be used to demonstrate the importance of farming and ranching.

The sixth annual Feeding the Economy Study reveals how the food and agriculture sectors influence the local and broader United States economies. American Farm Bureau Federation Chief Economist Dr. Roger Cryan says the study helps the public understand the impact of agriculture.

Feeding The Economy is a number of different things. It's a study and it's a website, FeedingTheEconomy.com. And it's a partnership among ag groups. It's aimed at helping folks better understand the impact of agriculture.

For the U.S. as a whole, there were about $3 trillion in output in the agriculture sector. This includes the jobs and wages output directly involved in supplying and producing and delivering through the food and agricultural supply chain. Agriculture is a massive industry. And so again, for the U.S., $3 trillion in output, 21 and a half million jobs, $819 billion in wages.

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