Over thirty agriculture groups released the eighth annual “Feeding the Economy” report. The study helps 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 the total economic impact for the food and agriculturally-related industries grew almost 12 percent over the past year and reached $9.63 trillion. That’s 20 percent of the total U.S. output. Total jobs in the industry reached more than 48 million. Total wages were $2.7 trillion, up 34 percent since the 2020 report. Total taxes were $1.25 trillion, up 37 percent since the 2020 report. Total exports of $181.6 billion were down three percent since 2020. From the 2020 report till now, food and agriculture manufacturing jobs grew at a faster rate than any other job category in America. Agricultural production now accounts for 20 percent of all U.S. manufacturing jobs.
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