GDP

Nearly $101 billion.  That’s the economic impact the potato industry has on the U.S. economy.   On Tuesday, the National Potato Council released, "Measuring the Economic Significance of the U.S. Potato Industry," a comprehensive analysis on the domestic economic impact of potatoes.  The analysis, auth...

The USDA released its new Ag trade forecast Tuesday and the main takeaway, is the revised export number.  USDA chief economist Seth Meyer said analysts were already anticipating an Ag export value decline since 2022 set a new record high for U.S. export...

A new study from Growth Energy found nationwide access to E15 could save drivers billions in annual fuel costs, create new jobs, and return billions to the U.S. economy.  The study, conducted by ABF Economics, follows months of record-high gas prices across the country and President Biden's emergency waiver to allow the sale of E15 for the 2022 summer driving season. ...

The U.S. dairy industry continues to play a strong role in the U.S., supporting 3.3 million total jobs and $41.6 billion in direct wages. The International Dairy Foods Association released the findings in an economic impact report this week ...

While challenging for individual commodities from time to time, 2020 continued a trend of solid farm economic growth in Idaho. Ben Eborn, Extension Ag Economist with the University of Idaho says farm GDP has grown at twice the rate of the state’s GDP. He ...

NASS announced this week the start of the Agricultural Resource Management Survey; better known as ARMS. Data will be collected from approximately 50,000 farmers and ranchers nationwide. The survey looks at all aspects of U.S. agricultural production, the well-being of farm households, farm finances, chemical usage, and various farm production characteristics ...

A new economic analysis says crop and livestock farmers are in for much lower incomes in 2020. A DTN report says crop farmers are projected to see an $11.85 billion in revenue during 2020, while livestock farmers are projected to drop a combined $20 ...

An independent report says a lack of funding for infrastructure improvements could put more than $72 billion in additional GDP and 77,000 new jobs at risk.  The report by Agribusiness Intelligence was commissioned by the Department of Agriculture’s Agricultural Marketing Service.   T...

An independent report says a lack of funding for infrastructure improvements could put more than $72 billion in additional GDP and 77,000 new jobs at risk.  The report by Agribusiness Intelligence was commissioned by the Department of Agriculture’s Agricultural Marketing Service.   The s...

The bipartisan Congressional Budget Office said last week the trade war will slow economic growth, adding more fears of a possible recession.  The CBO said tariffs, which reduce U.S. gross domestic product through higher prices, reduces consumer purchasing power.  Th...