Grain, Feed Industry Powers $401.7B in U.S. Economic Output
The U.S. grain and feed industry contributes $401.7 billion to the national economy and supports more than 1.1 million jobs, according to a new report by the National Grain and Feed Association (NGFA).
The latest study commissioned by the National Grain and Feed Association (NGFA) and conducted by John Dunham & Associates quantifies the full economic reach of the grain and feed sector, which spans every state and congressional district in the United States. According to the report, titled The Harvest Economy, the industry generates $401.7 billion in total output, representing 1.3% of U.S. GDP.
The grain and feed industry includes businesses involved in the production, processing, distribution, and industrial use of grain and feed products. Currently, there are 9,683 operating facilities across the country, employing 175,737 people directly, with an average annual wage of $84,768. When accounting for supplier and induced employment, the sector supports 1.16 million jobs, provides $85.9 billion in wages and benefits, and contributes $32.7 billion in tax revenue at the federal, state, and local levels.
According to NGFA President and CEO Mike Seyfert, the findings confirm the industry's essential role in food security, rural development, and the broader U.S. economy. "Grain and feed companies transform America's harvest into economic opportunity," he said. "This new study quantifies what many of us already know - that our industry is essential to rural communities, domestic and global food security, and the U.S. economy."
The NGFA, based in Arlington, Virginia, represents around 700 member companies involved in the handling of U.S. grains and oilseeds, including elevators, feed mills, processors, exporters, merchandisers, and allied services. By illustrating the industry's scale and impact at every level, the report provides valuable data for policymakers evaluating the farm bill, supply chain investment, and commodity market regulations.
The findings also come amid growing pressure on the agricultural economy, as producers navigate challenges ranging from input cost inflation and labor shortages to increasing demands for sustainable agriculture and resilient infrastructure. The NGFA report reinforces the need for strong public-private collaboration to ensure that the grain and feed sector continues to drive economic growth and food system stability.
