Rice industry adds US$34 billion to U.S. economy

A new study conducted by Agriculture and Food Policy Center at Texas A&M for the USA Rice Federation highlights the US rice industry’s economic contributions to the economies of the six-major rice-producing states of Arkansas, California, Louisiana, Mississippi, Missouri and Texas, as well as to the nation’s economy.

Economic Contributions of the US Rice Industry to the US Economy calculated the value of rice farming, milling and various end-user sectors in 2009 to complete the study. The report puts the total output effect of US rice production for the nation’s economy at US$34 billion (UK£21.056 billion) in 2009, with the rice industry supporting more than 128,000 jobs nationwide. Additionally, the value added to the US gross domestic product (GDP) was nearly $18 billion (UK£11.147 billion). Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.