Cultivating Trade: The Economic Impact of Indiana’s Agricultural Exports (April 2012)
This study analyzed the economic impact of Indiana’s agricultural exports.
Agriculture has a growing economic role in exports and employment. $3.4 billion in commodities and processed goods were exported in 2010 -- accounting for more than 10 percent of all state exports.
Some other key findings include:
The value of Hoosier agricultural exports grew at an average annual rate of 8.2 percent from 2000 to 2010, exceeding the U.S. average rate of 7.6 percent in current dollars.
Soybeans and related products accounted for half of Indiana's agricultural exports in 2010, totaling $1.7 billion. These exports generated an estimated $1.1 billion in economic ripple effects, supporting an estimated 17,700 jobs throughout the state.
- More than 100,000 Hoosiers worked directly on 62,000 farms statewide or in agricultural processing and food manufacturing in 2010. The combined effects of agricultural exports alone supported an estimated 34,800 jobs statewide. About 18,100 of these jobs were on farms or in food processing activities.