Benefits of Agricultural Trade to the US Economy
For 2015, the US Department of Agriculture estimated that:
- Every dollar of agricultural exports stimulated another $1.27 in business activity.
- The $133.1 billion of agricultural exports in calendar year 2015 produced an additional $169.4 billion in economic activity for a total economic output of $302.5 billion.
- Every $1 billion of U.S. agricultural exports in 2015 supported approximately 8,000 American jobs throughout the economy.
- Agricultural exports in 2015 supported 1,067,000 full-time civilian jobs, which included 751,000 jobs in the nonfarm sector.