Corn growers were responsible for a $151 billion boost to the U.S. economy in 2023, according to a new report released this week by the National Corn Growers Association (NCGA).
The report, entitled NCGA Economic Contribution Study for 2023, looked at a number of ways in which corn growers shaped the economy, including economic output, contributions to the gross domestic product, tax revenues, labor income and employment statistics.
“This report highlights the crucial role America’s corn growers play in our nation’s agricultural and economic value chain,” said NCGA Lead Economist Krista Swanson who authored the analysis. “The data show that growers remain deeply rooted in rural America where they serve as pillars of economic growth. They work to foster technological innovation, expand commercial opportunities, advance free trade, build the bioeconomy, and feed a hungry world.”
Read more on the NCGA website: https://ncga.com/stay-informed/media/in-the-news/article/2024/07/new-study-showcases-corn-farming-s-contribution-to-the-economy