Wisconsin's Farm and Agribusiness Continue to Grow
Monday, September 22nd, 2014 -- 10:34 AM
(Wisconsin Ag Connection) -A new study released on Friday by the University of Wisconsin-Extension confirms that the state's farm and agribusiness sector is continuing to grow.According to the Wisconsin Ag Connection, based on 2012 data, the report shows the agricultural industry generates over $88.3 billion in economic activity each year and provides 413,500 jobs.
The department found that agriculture has risen in importance for the state's economy, despite the combined effects of the drought of 2012 and the Great Recession. It generated $29 billion more economic activity in 2012 than in 2007, when his group released its last assessment on the industry, and an additional 59,509 jobs over the past five years. In 2012 it accounted for 11.9 percent of the state's overall employment--up from 10 percent in 2007.
About one in nine people working in Wisconsin hold a job related to agriculture, such as farmers, their employees and those providing them with goods and services like veterinarians, crop and livestock consultants, feed and fuel suppliers, equipment dealers and lenders.
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