By Helena Bottemiller Evich // POLITICO
More than a fifth of the U.S. economy and a quarter of American jobs are either directly or indirectly tied to the food and agriculture sectors, according to a new study commissioned by industry groups.
The study estimates that more than 43 million jobs and $1.9 trillion in total wages are linked to the two sectors, which contribute some $894 billion in taxes. The food and agriculture sectors together account for $146 billion in exports, the study found.
In all, the study, which was released today, pegs the two sectors’ total economic impact at $6.7 trillion.
“As policymakers consider tax reform and other means to expand economic activity, I hope they will have a better understanding of how the food and agriculture sector not only feeds Americans, but also feeds the U.S. economy,” said Leslie Sarasin, president and CEO of the Food Marketing Institute.
The study was commissioned by 22 food and agriculture groups, including the Corn Refiners Association, the American Bakers Association and the United Fresh Produce Association. The groups posted the results on a site that allows individuals to search industry impact by state and congressional district.