US Grain Exports create $55.5B In Economic Output: New Report

November 10, 2017 |

In Washington, a new report concluded that U.S. feed grain and grain products exports were worth $18.9 billion in 2015 and supported $55.5 billion in economic output. These exports were linked directly or indirectly to nearly 262,000 jobs.  Results showed every $1 of grain exports generated supported an additional $2.19 in business sales. And every job directly created by the export of grain and grain products supported an additional 4.7 jobs in the United States.

The study extended analysis to determine the importance of exports across the broader U.S. economy. Total impact of grain and grain products exported in 2015 indirectly supported more than 261,000 jobs across the United States and $21 billion in gross domestic product (GDP).

“The value of exports to the U.S. economy extends far beyond our fields and farms,” said NCGA President and North Dakota farmer Kevin Skunes. “By analyzing the impacts to individual states and congressional districts, constituents and legislators alike can better understand how their local communities benefit from and depend on exports.”

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