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Graphic: US Agricultural Exports Support 1.25 Million Jobs

By Mónica Cordero

In 2022, U.S. agricultural exports supported approximately 1.25 million full-time civilian jobs, totaling more than $197 billion.

These jobs are measured in full-time equivalents (FTEs), meaning the conversion of hours worked as if they were full-time positions. This translates to roughly 6,338 jobs for every $1 billion in agricultural exports. 

These figures are based on the latest estimates from the Economic Research Service’s Agricultural Trade Multipliers (ATM), which provide annual assessments of the employment and economic output impacts of farm and food product trade on the U.S. economy.

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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.