Farms.com Home   News

Agriculture Plays Big Role in Success of US Economy- New Website Showcases the Impact

Agriculture Plays Big Role in Success of US Economy- New Website Showcases the Impact
A new study shows that agriculture plays a big role in the success of the overall U.S. economy. More than one-fourth of the nation’s job total and more than one-fifth of the nation’s economy are tied, either directly or indirectly, to the food and agriculture sectors. A coalition of 23 agriculture groups commissioned the economic impact study that came out last week. 
 
It’s the foundation of a new website called Feeding the Economy. Among some of the bigger report highlights, it shows that the total number of food and ag job come in at 45.5 million. The total wages amount to $2.06 trillion, with total taxes on the income at just over $913 billion. Agriculture exports total $154.4 trillion. The total food and industry economic impact is $7.06 trillion. 
 
On the website, there is an interactive map that helps you pull up data for states and congressional districts. For Oklahoma, the group claims that agriculture helps provide 570,000 jobs with a total food and industry economic impact of $74.5 billion dollars.
 
“While more and more Americans are becoming interested in the food they eat, we must ensure they know the value of what farmers and ranchers do,” Senate Agriculture Committee Chairman Pat Roberts said. “Everyone can benefit from knowing of the great contributions of agriculture to our economy, to our rural communities, to our security, to our culture and yes, to our natural resources. We need resources like the Feeding The Economy.com report to better tell this story.”
 
“A lot of people don’t understand the significant effects agriculture has on their lives. The more resources farmers and ranchers have at their disposal to help connect with folks in their community and talk more about the economic significance of farming and ranching, the more those much-needed conversations can take place,” said House Agriculture Committee Chairman Collin Peterson of Minnesota.
Click here to see more...

Trending Video

Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.