Best US cities for Global Trade10/3/2023 That figure had been cut in half within two decades, and today, agricultural-related employment hovers around 2.3 million, according to data from the Bureau of Labor Statistics. economy had more than 8 million workers supporting agriculture. Since the end of World War II, the total number of workers in agriculture and related industries has been on a steady decline over time. GDP today.Īnother indicator of agriculture’s shifting role in the economy is its employment numbers. And on top of these more recent challenges, agriculture has been undergoing a long-term decline as a share of the economy: farms alone represented more than 3% of GDP in the early 1960s but only account for less than 1% of U.S. Agricultural exports have been negatively impacted by recent trade disputes with other countries, and imports on agricultural equipment have become more expensive. Global climate change has produced warmer temperatures and more frequent severe weather events like droughts and fires, threatening an increasing number of crops, livestock, and forests. economy remains significant, the industry’s future in the U.S. is the world’s leading exporter of food and other agricultural products, which contributes to its global economic and political influence. In addition to directly providing food for the population in the form of produce and livestock, the broader agricultural sector-which includes farming, fishing, and forestry-provides raw materials that form the foundation of other industries like food service, construction, and textile manufacturing. Agricultural exports have been negatively impacted by recent trade disputes with other countries.Īgriculture has been and remains one of the most important industries for the U.S. Outside of Alaska, states in the Central U.S. is the world’s leading exporter of food and other agricultural products.
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