What They Learned
In the 2020 Ag Snapshot, CAED determined that food and fiber production and related industries represented $76 billion in output to Georgia’s $1.07 trillion economy and more than 399,200 jobs in the economy. The role of these industries and the related output and employment often play into critical decisions for legislation, funding decisions, and more.
Their IMPLAN analysis provided greater insight into the contribution of agricultural production in the state. Take for example, peanuts and cotton production in Georgia. US Department of Agriculture statistics establish that more than half of US peanuts are produced in Georgia, and Georgia is the second largest producer of cotton in the country. By conducting the Farm Gate Value Survey, CAED was able to conclude that “row & forage crops” (eg. peanuts, cotton, corn, etc.) accounted for $2.23 billion in production in 2018. Using this production value plus the production in the analyst’s selected related industries, economists found that this group of crops contributes $11.4 billion and 81,800 jobs to the state’s economy. The Ag Snapshot demonstrates these figures for 8 different agricultural groups.
The contribution analyses also identified backward linked industries affected by agriculture and related industries. CAED provided the total employment supported and ranked the 10 industries with employment most affected. They are: