How does agriculture help the economy

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What is agriculture’s share of the overall U.S.

U.S.
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economy? Agriculture, food, and related industries contributed $1.055 trillion to the U.S. gross domestic product (GDP) in 2020, a 5.0-percent share. The output of America’s farms contributed $134.7 billion of this sum—about 0.6 percent of GDP.Feb 24, 2022


Why is agriculture important for economy?

Agriculture and Food. Agriculture can help reduce poverty, raise incomes and improve food security for 80% of the world’s poor, who live in rural areas and work mainly in farming. The World Bank Group is a leading financier of agriculture.


How does agriculture increase economic growth?

Transforming a country’s agriculture sector can create jobs, raise incomes, reduce malnutrition, and kick-start the economy on a path to middle-income growth. In fact, almost every industrialized nation began its economic ascent with an agricultural transformation.

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