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Insights into U.S. Agribusiness Landscape

Discover key statistics about U.S agribusiness, from farm sizes to the Gross National Product contributions, including the breakdown of inputs and outputs. Learn about the impact of agribusiness on the economy and job market.

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Insights into U.S. Agribusiness Landscape

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  1. Size and Importance of Agribusiness Chapter 2

  2. Land • US has 2.3 billion acres • 21% crops • 25% livestock • 30% forest • 24% non ag use

  3. Farms • 2.2 million farms averaging 418 acres • Ohio has 75,000 farms averaging 187 acres

  4. Farm size • 173,000 farms are bigger than 1,000 acres • 150,000 farms are 500-1,000 acres • 368,000 farms are 180-499 acres • 661,000 farms are 50-179 acres • 620,000 farms are 10-49 acres • 233,000 farms are less than 10 acres

  5. Gross National Product • Value of all goods produced in a year • Ag accounts for 17% of GNP and 20% of all jobs

  6. Farmers earn about 30 cents for every dollar spent on food

  7. Inputs • Seed, feed, livestock, fertilizer, line, hired labor

  8. Outputs • Meat and dairy processing industry • Baking • Canned, cured and frozen foods • Cotton/textile industry

  9. Ag Services Public agriservices • Research, education, communication and regulation Private agriservice Financial services, trade associations, cooperatives

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