An ag economics expert weighs in on the nation’s financial state. Speaking at the recent Agri-Pulse Ag Outlook Forum, the head of RaboResearch Food & Agribusiness for North America, Roland Fumasi told attendees the nation’s economy could be heading into a recession. “But this is our House view. Right now. We are still expecting that the US will fall into …
USDA: Agriculture a $992 Billion Economic Factor
Data by the Department of Agriculture shows agriculture and agriculture-related industries contributed $992 billion to the U.S. gross domestic product in 2015, a 5.5-percent share, the most recent USDA statistics.The output of America’s farms contributed $136.7 billion of this sum, about one percent of GDP. USDA says the overall contribution of the agriculture sector to GDP is larger than that …