Rural Radio Network on Nostr: New Study Showcases Corn Farming’s Contribution to the Economy ========== A new ...
New Study Showcases Corn Farming’s Contribution to the Economy
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A new report released by the National Corn Growers Association (NCGA) reveals that corn growers contributed $151 billion to the U.S. economy in 2023. The report, titled NCGA Economic Contribution Study for 2023, examined various aspects of corn farming's impact on the economy, including economic output, gross domestic product, tax revenues, labor income, and employment statistics. In 2023, U.S. corn farmers produced 15.3 billion bushels of corn, valued at $73.9 billion, across 289,382 farms dedicated to corn production. Corn farming directly contributed $20.7 billion to the gross domestic product and provided $12 billion in labor wages and benefits. The economic impact of corn farming extended across 524 different industry sectors in all 50 states. The study used IMPLAN, an economic analysis software, to calculate the impact of corn farming on the U.S. economy at the state and national level. The report comes at a time when corn prices have dropped and corn growers face challenges such as higher input costs, tariffs, and trade barriers. NCGA leaders hope the report will remind policymakers of the importance of corn grower contributions and encourage them to address the challenges faced by corn growers.
#CornFarming #Economy #NationalCornGrowersAssociation #EconomicImpact #Agriculture
https://ruralradio.com/krvn/news/new-study-showcases-corn-farmings-contribution-to-the-economy/
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A new report released by the National Corn Growers Association (NCGA) reveals that corn growers contributed $151 billion to the U.S. economy in 2023. The report, titled NCGA Economic Contribution Study for 2023, examined various aspects of corn farming's impact on the economy, including economic output, gross domestic product, tax revenues, labor income, and employment statistics. In 2023, U.S. corn farmers produced 15.3 billion bushels of corn, valued at $73.9 billion, across 289,382 farms dedicated to corn production. Corn farming directly contributed $20.7 billion to the gross domestic product and provided $12 billion in labor wages and benefits. The economic impact of corn farming extended across 524 different industry sectors in all 50 states. The study used IMPLAN, an economic analysis software, to calculate the impact of corn farming on the U.S. economy at the state and national level. The report comes at a time when corn prices have dropped and corn growers face challenges such as higher input costs, tariffs, and trade barriers. NCGA leaders hope the report will remind policymakers of the importance of corn grower contributions and encourage them to address the challenges faced by corn growers.
#CornFarming #Economy #NationalCornGrowersAssociation #EconomicImpact #Agriculture
https://ruralradio.com/krvn/news/new-study-showcases-corn-farmings-contribution-to-the-economy/