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
Large Brazilian crops heighten downside price risk if the weather allows production to reach projected levels.
Ethanol and corn groups are not hiding their disappointment over new reports that the bill to allow year-round E15 sales failed as Congress forges ahead on government funding, with another shutdown looming.
University of Nebraska President Dr. Jeffrey Gold joined us to discuss seasonal affective disorder, winter mental health, and practical strategies for maintaining well-being in rural communities.
FWSSR Communications Director Matt Brockman discusses the event’s competitions, safety preparations, and family-friendly activities during the opening weekend.
From Junior Heifer Shows to Mustang Magic competitions, the 23-day event brings together 4-H and FFA participants, livestock enthusiasts, and families to celebrate North Texas’ rich Western heritage.
CLAAS Senior Vice President for the Americas Region Eric Raby joined us to preview the new docuseries “CLAAS: Made for More,” premiering tonight at 9 PM ET only on RFD-TV.
The Farm Bureau is making an urgent call to Congress for more farm support. Colton Lacina with Farmers National Company joined us to discuss farmland values and how market dynamics for the year ahead reflect stabilization rather than collapse.

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:

Brent Graves, auctioneer and mentor, shares his journey supporting youth in agriculture, livestock competitions, and how he is turning junior livestock auctions into a classroom for youth in agriculture.
China’s beef policy risk stems from domestic volatility, making export demand inherently unstable. Jake Charleston with Specialty Risk Insurance offers his perspective on cattle markets, risk management, and producer sentiment.
USDA flash corn sales, Cattle on Feed and Inventory reports, and beef packer antitrust concerns dominate January agricultural market news.
U.S. Secretary of Agriculture Brooke Rollins said permanent access to the higher ethanol blend would provide farmers with much-needed certainty while supporting domestic crop demand.
Food prices increased in December, but not as much as expected, according to the latest Consumer Price Index from the U.S. Bureau of Labor and Statistics.
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.