Farm Bureau: Ag Exports Drive $362 Billion in Economic Activity

The American Farm Bureau Federation is highlighting the critical role of trade in rural America’s economy. In a newly released Market Intel report, economist Faith Parum breaks down the numbers—and they’re big.

In 2023, U.S. agricultural exports totaled $175.5 billion. But the value doesn’t stop at the farm gate. Those exports sparked an additional $186.9 billion in economic activity—bringing the total output tied to ag exports to over $362 billion.

And that ripple effect supports jobs. According to the report, 1.05 million full-time U.S. jobs were tied to ag exports last year. Nearly half a million of those were on farms. The rest were in related industries like trucking, warehousing, shipping, and logistics.

The report also notes that for every dollar of ag exports, $2.06 in additional economic activity is generated. Find the full report at AgInfo.net.