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
Senior exhibitor reflects on years of work in the ring and the bond that led to his first sale
After years of showing livestock, Gosda reflects on the bond and responsibility of taking care of her cattle
Oklahoma Cattlemen’s Michael Kelsey joined us to discuss wildfire impacts across the Southern Plains, the importance of community support, and the path forward for affected producers.
AFBF Economist Danny Munch breaks down a new Farm Bureau analysis showing that producers now earn less than 6 cents of every food dollar, as farm input costs continue to squeeze margins.
As ag lawmakers in the Senate await the House vote on the Farm Bill, they are eager to discuss the challenges farmers face before it is their turn to take up the critical legislation.
Houston competitor Ainslea Hayes shares what it takes to compete in the ring and carry on a family legacy

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:

White House hosts “Celebration of Agriculture” as Trump administration signals new farmer support, including potential tax breaks and upcoming renewable fuel policy updates.
Elena Chavez with Halter provided insight into the company’s virtual fencing technology, its adoption in the U.S., and the impact of recent funding on ranching operations.
Brooks York with AgriSompo addresses how current market conditions and risk management are impacted by volatility in the Middle East, and considerations for farmers in the spring planting season.
The Biden Administration launched the Increasing Land, Capital, and Market Access (ILCMA) program in 2023 to help underserved farmers facing barriers to land ownership.
Farm CPA Paul Neiffer provided guidance on navigating the R&D tax credit, emphasizing record-keeping, eligibility, and maximizing potential savings as crop margins remain the key pressure point for farmers.
Justin Tupper with the U.S. Cattlemen’s Association joins us to discuss the USDA’s voluntary labeling updates, industry priorities, and the outlook for U.S. cattle producers.