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NGFA report details grain, feed impact on US economy
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World Grain
ARLINGTON, VIRGINIA, US — The grain and feed industry in the United States generates $401.7 billion in economic output (1.3% of US GDP), according to a report released by the National Grain and Feed Association (NGFA).
The report, which was released Sept. 17, defines the grain and feed industry as any business that engages in services related to the production, processing, distribution and industrial use of grain and feed products.
According to the report, America’s grain and feed industry makes a positive economic contribution to every state and congressional district in the country.
There are 9,683 grain and feed facilities in the United States, and the 175,737 people directly employed by those facilities make an average annual salary of $84,768.
“Grain and feed companies transform America’s harvest into economic opportunity,” said Mike Seyfert, president and chief executive officer of the NGFA.
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