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Indiana Grain Marketing

The Economic Contribution of Agriculture (May 2013)


Overview
This study analyzed the 2011 Economic Contributions of Agriculture and Forestry to Indiana’s Economy.

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Key Findings

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.

More Information
Researcher: The Indiana Business Research Center in IU's Kelley School of Business conducted the study.

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One page fact sheet (coming soon)

 

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