The Missouri Department of Agriculture has announced the results of an economic contribution study funded by the Missouri Agricultural and Small Business Authority (MASBDA).
According to a news release, the objective of the study was to show the value of agriculture, forestry and related industries to the state’s economy. Results showed a contribution of nearly $94 billion to the economy and more than one in every 10 jobs is supported by agriculture.
Officials say compared to the previous study conducted in 2016, the economic contribution of agriculture, forestry and related industries in Missouri increased significantly. Key findings show:
- Output contribution is $93.7 billion, an increase of $5.3 billion
- Jobs contribution is 456,618, an increase of 78,386
- Value-added contribution is $34.9 billion, an increase of $1.9 billion
Chris Chinn, Missouri Agriculture Director says, “I am so proud to see the contributions of Missouri farms and ranches recognized through the results of this independent study. These numbers verify the strength of our industry and the tremendous reach when it comes to jobs and added value of the commodities raised here.”
Furthermore, the study revealed Missouri is ranked among the top five states in the nation for:
- Number of farms – 95,000 (second)
- Hay production – 6.4 million tons (second)
- Beef cows – 2.04 million head (third)
- Rice production – 15.5 million cwt (fourth)
- Goats – 75,000 head (fifth)
Crop production (grains and oilseeds) ranks first in value of sales, followed by cattle and calves, poultry and eggs, hogs and pigs, and cotton.
To see the full report, as well as more information on the Missouri Department of Agriculture and its programs, visit the Department online at Agriculture.Mo.Gov.