The U.S. food and agriculture industries are the backbone of the American economy. They account for more than $9.5 trillion in domestic economic activity, directly support more than 24 million jobs and play a vital role in international trade, with exports estimated at $183 billion. That’s according to the ninth annual Feeding the Economy report, an economic impact study sponsored by 36 food and agriculture groups, including USSA members the American Peanut Council, the U.S. Dairy Export Council and the U.S. Grains Council.
This year’s figures show a modest decrease compared to 2024, when agriculture contributed more than $9.6 trillion to the economy. However, despite broader economic pressures, U.S. food and agriculture are still responsible for around one-fifth of total U.S. output and 15% of employment.
USSA members praised the report and its recognition of their sectors’ economic contribution. “The Feeding the Economy report underscores the essential role American dairy producers and processors play in sustaining global food security and economic vitality,” said Krysta Harden, President and CEO of the U.S. Dairy Export Council. “U.S. dairy exports not only nourish communities worldwide but also drive economic growth, supporting millions of jobs across the supply chain,” she added.
Richard Owen, President & CEO of the American Peanut Council, noted, “As one of the nation’s most valuable crops, peanuts contribute to both economic growth and community development. This study is important as it shows the critical importance all agriculture sectors play in driving a robust economy.”
Feeding the Economy is based on research conducted by John Dunham & Associates and funded by The Goodstone Group. More information on the research methodology can be found on the report website.