The agribusiness industry has made a substantial impact on the U.S. economy, with over $196 billion in export sales in 2022 alone. U.S. affiliates of majority foreign-owned firms contributed over $1.2 billion to these export sales. In 2022, foreign direct investment (FDI) in the agribusiness industry of the United States amounted to more than $4.1 tr. This demonstrates the vital role of the agribusiness industry in supporting the U.S. economy.

The industry is a vast sector crucial in supporting the economy and its workforce. With over 2 million farms across the country covering approximately 900 million acres, the sector is an integral part of the nation’s fabric. In 2021, agriculture, food, and related industries contributed $1.264 trillion to the U.S. gross domestic product (GDP), accounting for a 5.4 percent share.

The American farms had a significant impact on the economy, contributing $164.7 billion in the same year. This contribution resulted from the hard work of over 2.5 million workers directly employed in farming, fishing, and forestry occupations as of May 2019. 

Industry sub-sectors:

Agricultural Chemicals

Agricultural Commodities

Aquaculture

Forestry and Logging

Livestock.