The Economic Contribution of Agriculture (May 2013)
This study analyzed the 2011 Economic Contributions of Agriculture and Forestry to Indiana’s Economy.
The agriculture industries, broadly defined to include the production of crops, livestock and wood—as well as the manufacture of processed agricultural goods— directly contributed $25.4 billion to the Hoosier economy in 2011.
Approximately 103,000 jobs were directly related to agricultural (including forestry-related) production and processing.
Some other key findings include:
Ripple effects accounted for another $12.5 billion as it included the purchase of supplies from Indiana-based companies ($7.6 billion) and paychecks linked to households of agriculture-related employees ($4.9 billion).
The purchase of production inputs from Indiana-based suppliers supported an estimated 43,200 additional jobs in the state, while the household spending of direct and indirect workers accounted for another 42,900 jobs.
Approximately 83 percent of Indiana's geography -- 19.4 million acres -- is devoted to farming or forests.
The commodity with the greatest amount of output was eggs -- about 6.5 billion were produced in 2011 -- followed by 3.5 billion pounds of milk, or 353.9 million gallons.
However, the commodities with the highest total production value were grains such as non-silage corn, oats and wheat, with a total value of $13.9 billion; and soybeans (also known as oilseeds), valued at $2.8 billion.
Researcher: The Indiana Business Research Center in IU's Kelley School of Business conducted the study.
One page fact sheet (coming soon)