Food & Ag Industry Contributes $992 Billion to U.S. Economy

07:54PM Apr 07, 2017
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( AgWeb )

The food and farming industry is worth nearly a trillion dollars to the U.S. economy in 2015, according to data collected from USDA’s Economic Research Service (ERS). That’s 5.5% of the U.S. gross domestic product.

In total, ag and ag-related industries contributed $992 billion to the GDP. Output from U.S. farms specifically contributed $136.7 billion, or about 1% of the U.S. GDP.

Food and agriculture's value to GDP

ERS counts other sectors that rely on agricultural inputs such as food and materials for textile production. Therefore, contributions from the food service and food/beverage manufacturing industries are also calculated toward the total amount.

Farming’s contribution to GDP has retreated two consecutive years after reaching an all-time high of $189.9 billion in 213.

ERS updated this chart in March 2017. Track this and related data at Ag and Food Statistics: Charting the Essentials.