By Scout Nelson
Corn farmers in Nebraska planted 9.95 million acres last year, harvested 9.50 million acres, and produced 1.729 billion bushels. The state's gross domestic product (GDP) increased by $5.2 billion and $14.4 billion because of this production.
Furthermore, it generated $48 million in wages and more than 45,000 jobs, positioning Nebraska, at 9.5 percent, as the third-largest contributor to the economic output of corn growing in the United States, after Illinois and Iowa.
These figures are derived from a study conducted by the National Corn Growers Association, which analyzed the economic impact of corn farming in the U.S. The study considered various economic effects, including the upstream supply chain linkages and the household spending of corn farmers and their employees.
While the analysis included the impact of input purchases such as seed and fertilizer, it did not account for corn processing, refining, milling, exports, or other end uses of corn.
On a national scale, corn farming contributed $150.8 billion towards economic output and $61.9 billion to GDP. Additionally, the industry supported 608,373 jobs across farming, input suppliers, and related sectors, highlighting the vital role corn farming plays in the U.S. economy.
Photo Credit: gettyimages-dszc
Categories: Nebraska, Crops, Corn, General