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32 food and agriculture groups released the eighth annual Feeding the Economy report, a historic farm-to-fork economic impact study that helps to estimate the direct and indirect economic contributions of the food and agriculture industries on jobs, wages, economic output, and business taxes.
The 2024 report’s findings show that the total economic impact for the food and agriculture-related industries grew 11.8% over the last year, reaching $9.63 trillion. This represents 20.01% of total U.S. output.
The study also drills down to highlight the impact of this sector to include:
Total Jobs: 48,665,870 (up 19.53% since the 2020 report)
Total Wages: $2.77 trillion (up 33.82% since the 2020 report)
Total Taxes: $1.25 trillion (up 36.91% since the 2020 report)
Exports: $181.36 billion (down 2.70% since the 2020 report)
The Feeding the Economy website is worth a look, as it allows users to view food and agriculture’s economic impact by state and even district.
