Peanut and Tree Nut Sector Delivers Billions in Economic Impact
A new report is putting numbers behind the economic power of the U.S. nut industry.
The Peanut and Tree Nut Processors Association has released its first-ever economic impact report, titled "Nut Numbers: The Economic Impact of the Nut Industry." According to the study, the industry contributes more than $148 billion to the U.S. economy each year and supports more than half a million jobs.
The report also breaks down impacts by state. In Georgia, the nut industry contributes more than $8.17 billion annually. Alabama's impact is estimated at nearly $380 million, while Florida's tops $384 million.
Nationwide, the industry contributes $15.7 billion in taxes and supports nearly $10.7 billion in annual exports.
The report also highlights strong demand for nuts from food manufacturers, including candy, bakery, ice cream, and dough mix companies.
To explore the data and interactive state-by-state map, visit PTNPA.org.
