GDP

Doud: USMCA Will Have Dramatic Impact On American Economy
Doud: USMCA Will Have Dramatic Impact On American Economy
U.S. agriculture is still waiting and pushing for USMCA to be brought up and passed in Congress.  Gregg Doud, the Chief Ag Negotiator for the Office of the U.S. Trade Representative, said USMCA has passed a couple of important milestones, which should make it more attractive to lawmakers here in the U.S. ...
AEM: Tariffs Costing U.S. GDP $290 Billion
AEM: Tariffs Costing U.S. GDP $290 Billion
A new study shows tariffs impacting U.S. equipment manufactures will cost the U.S. GDP $29 billion a year for ten years, or $290 billion total, if continued.  The Association of Equipment Manufacturers says the data released in the report show tariffs are “driving up the cost of production, delaying capital investments, and impeding job creation.”   ...
Study Shows Ag Plays a Big Role in the U.S. Economy
Study Shows Ag Plays a Big Role in the U.S. Economy
A new study shows that agriculture plays a big role in the success of the overall U.S. economy.  More than one-fourth of the nation’s job total and more than one-fifth of the nation’s economy are tied, either directly or indirectly, to the food and agriculture sectors.  A coalition of...
USDA: Agriculture a $992 Billion Economic Factor
USDA: Agriculture a $992 Billion Economic Factor
Data by the USDA shows agriculture and agriculture-related industries contributed $992 billion in 2015.  That comes out to a 5.5% share of the U.S. GDP.   The output of America's farms contributed $136.7 billion of this sum, about one percent of GDP.  USDA sa...
USDA Launches Ag Resource Management Survey
USDA’s National Agricultural Statistics Service, NASS, is beginning to collect data from more than 100,000 farmers and ranchers for the annual Agricultural Resource Management Survey.  The survey looks at all aspects of U.S. agricultural production including farm financial well-being and chemical usage, according to USDA.   I...