On the occasion of National Ag Day, a coalition of farm groups released the latest “Feeding the Economy” report, which estimates the food and agriculture sector was responsible in 2023 for $9.6 trillion of U.S. economic activity – $1 trillion more than in 2022.
“These industries directly support nearly 24 million jobs (over 15% of U.S. employment),” the report said. The $9.6 trillion figure represents about 20% of total U.S. output and is an increase of $11.8% from 2022’s $8.6 trillion.
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“Millions of food scientists, production workers, logistics experts, truck drivers, and engineers work in more than 200,000 food manufacturing, processing, and storage facilities to keep our food supply chains strong and fresh, safe food readily available worldwide,” the groups said in a news release.
Other numbers from the two-page report: $991 billion in direct wages and $1.2 trillion in business taxes.
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