An associate professor at South Dakota State University says agriculture and related industries had a $21.4 billion impact on South Dakota’s economy in 2010.
Gary Taylor, an associate professor of economics, says the impact includes more than $8.3 billion in direct agricultural production, $3.4 billion in inputs supplied by businesses and nearly $1.7 billion from increased household spending.
Agricultural processing and manufacturing added more than $8 billion in economic activity.
Taylor says agriculture’s total $21.4 billion economic impact makes agriculture the largest single sector in South Dakota’s economy. He says agriculture makes up about 19.8 percent of the state economy’s total output.
Topics Agribusiness
Was this article valuable?
Here are more articles you may enjoy.
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
World’s Growing Civil Unrest Has an Insurance Sting 
