The ag industry is a powerful economic driver and has seen strength in recent years.
New research shows the industry adds nearly $10 trillion to the economy annually, and while it is a stunning number, it is not as high as it once was.
New data was released this week from Feeding the Economy, a group of more than 30 ag groups, like the Farm Bureau and NASDA. This year’s report shows U.S. agriculture will add $9.5 trillion to the economy this year, along with 1,000,000 jobs. Last year the industry brought in $9.6 trillion.
Despite the decline, they found that agriculture has seen big growth since the pandemic, but they do remain cautious about continued pressure.
A big area of the report featured ag manufacturing. It shows jobs in that sector have fallen year over year, with around 30,000 jobs gone since 2020. The Association of Equipment Manufacturers joined us this week on Market Day Report, and they say they have seen sales numbers decline in recent months, and are urging lawmakers to take action, starting with a Farm Bill.
President Donald J. Trump announced the launch of the America First Seafood Strategy (PDF, 11.4 MB) and several actions the Trump Administration is taking to support the American seafood industry.
October 23, 2026 07:37 PM
AgriGold field agronomist Brett Leahr says the Midwest corn harvest this year shows how early-season water, late-season heat, drainage, and field topography can affect corn yields.
October 23, 2026 05:27 PM
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New grocery models are being explored as communities look for ways to keep local food access available.
October 23, 2026 05:00 PM
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As Canada and the United States continue to navigate trade disputes, the review offers farm groups an opportunity to argue for preserving access to integrated North American agricultural markets.
October 23, 2026 04:30 PM
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Association of Equipment Manufacturers’ SVP Curt Blades says lower farm income continues to weigh on tractor and combine sales as producers postpone major purchases. While recovery remains uncertain, he is optimistic heading into 2027.
October 23, 2026 03:53 PM
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September placements totaled 1.777 million head, down 12 percent from the previous year and the lowest September total since the series began in 1996.
October 23, 2026 03:44 PM
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