Farm Groups Release Feeding the Economy Report

U.S. food and agriculture groups Tuesday released the sixth annual Feeding the Economy report. 

The report’s findings show that seven percent of the nation’s economy and 29 percent of American jobs are linked to the food and agriculture sectors, either directly or indirectly. 

Amidst the global supply chain and inflation crises, these sectors also exported $182.91 billion worth of goods, helping the U.S. maintain its position as a leading player in global agriculture. 

In 2021 these sectors contributed a total of $3 trillion to the U.S. economy. 

The report shows the total food and industry economic impact at $7.43 trillion. 

John Bode, President & CEO of the Corn Refiners Association, says the report “highlights how food and agriculture overcame pandemic disruptions to continue to serve as a bedrock of the U.S. economy.” 

Other groups involved in the effort include the American Farm Bureau Federation, The Food Industry Association, and the National Restaurant Association.

(Story Courtesy of the NAFB News Service)