Feeding the Economy: New Report Shows U.S. Agriculture Generates $10.4 Trillion in Economic Output, 49M Jobs

Corn Refiners Association VP Kristy Goodfellow offered insight into the Feeding the Economy Report’s key findings, showing the breadth of agriculture’s economic impact and the challenges ahead.

WASHINGTON, D.C. (RFD NEWS) — America’s food and agriculture industries support more than 48 million jobs nationwide, according to the 10th annual Feeding the Economy Report. The study highlights the sector’s vast economic footprint, extending well beyond the farm.

Kristy Goodfellow, Vice President of Trade and Industry Affairs for the Corn Refiners Association, joined us on Friday’s Market Day Report to break down the report’s findings and what it means for farmers, rural communities, and the broader economy.

In her interview with RFD NEWS, Goodfellow noted the scale of employment in the agriculture sector, emphasizing that millions rely on farming, processing, and related industries for their livelihoods. She highlighted the role of global markets, noting how recent tariff actions and trade developments affect U.S. agricultural exports and the overall economy.

While the sector continues to expand its economic contributions, the report identifies emerging pressures, including supply chain challenges, labor shortages, and rising input costs. Goodfellow underscored that these factors make continued investment in rural communities more important than ever.

Overall, she said the report reinforces agriculture’s critical role in the U.S. economy and the need to support policies that strengthen rural infrastructure, global competitiveness, and industry resilience.

Related Stories
Using FEMA and USDA data, Trace One researchers estimate average annual U.S. agricultural losses of $3.48 billion, with drought accounting for more than half.
Soybean farmer and Arkansas Lt. Gov. Leslie Rutledge highlights why the U.S. trade standoff with China is especially critical for Arkansas producers.
Todd Miller, CEO of Head Honchos, shares about his business offering to ease agricultural labor shortages.
Having a good read on fuel prices is a must during harvest, but one analyst says grain farmers should also be watching the crude oil markets.
National Farmers Union (NFU) President Rob Larew discusses the urgent need for aid as farm families face mounting input costs and long-term market uncertainty.
Bradley Roy was the youngest angler to compete in a Bassmaster Elite Series event. Now, he’s prepping to hit the water with MLF Hall of Famer Greg “The Rooster” Vinson in the Team Series Patriot Cup.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

President Trump is expected to press Argentina to take a tougher stance on China in exchange for political and economic support.
Treat storage as risk management and logistics, and budget to break even since export growth is unlikely to absorb bigger U.S. corn and soybean crops.
For rural borrowers, freeing up community-bank balance sheets could mean steadier home loans, operating lines, and ag real-estate financing as winter planning ramps up.
Tammi Arender takes us to 3 Board Farm to meet some first-generation farmers who took a leap of faith and, in the process, found a new purpose.
Nick Andersen, Nationwide’s VP of Agribusiness Claims, shares tips for managing weather-related risks in agriculture using their new Hail and Wind Alert Program.
Lewie Pugh, EVP of OOIDA, discusses how lowering the age for commercial driver’s licenses (CDL) to 18 could rejuvenate the trucking labor market.