Thursday, February 14, 2013

Study Says South Dakota Agriculture Has $21B Impact

January 25, 2013Email ThisPrintNewslettersTweetArticleComments

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.

 

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Midwest NewsTopics: $21.4 billion impact, agriculture and related industries, South Dakota State UniversityHave a hot lead? Email us at newsdesk

View the Original article