The U.S. Grains & BioProducts Council updated its Value of Grains Exports study Tuesday with the latest data on financial benefits of agricultural exports to communities nationwide.
Study scope
The study, jointly commissioned with the National Corn Growers Association, examines economic contributions from exports of malt barley, other barley, corn, corn gluten feed and meal, distiller’s dried grains with solubles, ethanol, sorghum and the corn equivalent of beef, pork and poultry.
The analysis specifically highlights economic contributions by state, quantifying the degree to which state economies rely upon and benefit from grain exports.
Economic impact
Results show $27.57 billion in grain and grain products exported indirectly supported total economic output of $79.31 billion in 2024. Access to international export markets for U.S. grains supported nearly an additional $51.74 billion in business sales during 2024.
The export of grain products supported U.S. GDP by $32.589 billion over what would have occurred without such exports. The number of jobs linked directly or indirectly to grain exports totaled roughly 309,129.
Multiplier effect
Further analysis shows for every dollar of grain product exports generated, through indirect and induced business activities, $2.88 in business sales are supported across the United States.
“The U.S. agricultural industry has always been a key cog in the nation’s economy, and this resource precisely identifies how states benefit from strong U.S. trade relationships in markets around the world,” said Bryan Jernigan, USGBC director of communications.
The online interactive platform allows users to break down each state based on total value of exports and production, with downloadable PDF infographics available.
