In 2022, U.S. agricultural exports supported roughly 1.25 million full-time civilian jobs, totaling greater than $197 billion.
These jobs are measured in full-time equivalents (FTEs), which means the conversion of hours labored as in the event that they had been full-time positions. This interprets to roughly 6,338 jobs for each $1 billion in agricultural exports.
These figures are based mostly on the newest estimates from the Financial Analysis Service’s Agricultural Commerce Multipliers (ATM), which give annual assessments of the employment and financial output impacts of farm and meals product commerce on the U.S. financial system.
Soybean exports generated greater than 231,000 jobs in 2022, which embody positions in varied sectors, together with farming, manufacturing, and transportation. Moreover, producing inputs and providers important to soybean exports created additional employment alternatives past the farm, amplifying the business’s financial impression.
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