how much money does agriculture make



Agriculture is the world’s largest industry. It employs more than one billion people and generates over $1.3 trillion dollars worth of food annually. Demand for agricultural commodities is rising rapidly as the world’s population grows.

$1.055 trillion


What are the highest paying jobs in agriculture?

Agriculture is the world’s largest industry. It employs more than one billion people and generates over $1.3 trillion dollars worth of food annually. Demand for agricultural commodities is rising rapidly as the world’s population grows.

What are the career opportunities in agriculture?

The median annual salary for all agriculture, forestry and fishing workers was $25,380 in 2018. The BLS also reported annual wages for several individual agricultural careers in 2018. The median annual salary of agricultural inspectors was $44,140.

What is the average salary for agricultural jobs?

 · It is the sum of cash receipts, farm-related cash income, and Government direct farm program payments. GCFI is forecast at $510 billion in 2021 and $512 billion in 2022, …

How much does Department of Agriculture pay?

 · Agriculture: A $2.4 Trillion Industry Worth Protecting. Over one billion people worldwide work in agriculture generating $2.4 trillion for the global economy. Plant science …


Do farms make a lot of money?

About 89 percent of U.S. farms are small, with gross cash farm income less than $350,000; the households operating these farms typically rely on off-farm sources for most of their household income. In contrast, the median household operating large-scale farms earned $402,780 in 2020, and most of that came from farming.

What type of agriculture makes the most money?

Corn. Corn, also known as maize, is a staple food in America and across the world. In 2019, U.S. farmers planted 91.7 million acres of corn, making it the most produced crop, of any crop, in the U.S.

Can you make good money in agriculture?

Working in the agricultural industry offers many diverse career opportunities where you can earn a substantial income. With the increase of technology use and application on farms, in plants and within agricultural businesses across the industry, more jobs are becoming available that span a variety of fields.

How much money does agriculture make worldwide?

The value added by agriculture, forestry, and fisheries was $3.4 trillion or four percent of the world’s $85 trillion GDP in 2018. By continent, value added in agriculture was $2.2 trillion in Asia, $480 billion in the Americas, $397 billion in Africa, $328 billion in Europe, and $45 billion in Oceania.

Can you become a billionaire in agriculture?

The best known billionaire involved in agriculture, also happens to be the richest man in the world. The Bill & Melinda Gates Foundation has become one of the world’s largest supporters of agricultural research and development, and the number-one funder for research into genetic engineering, according to The Guardian.

Are most farmers rich?

Farm operator households have more wealth than the average U.S. household because significant capital assets, like farmland and equipment, are generally necessary to operate a successful farm business. In 2020, the average U.S. farm household had $1,714,559 in wealth.

How do farmers become rich?

Farmers and investors can reap great rewards from agriculture as it produces food, fruits, fish, and snails, along with poultry and livestock, all of which will generate income since food is of tremendous value to people and will never go out of style.

Is agriculture a good career?

Career in Agriculture is one of the largest industries and a good source of employment across the country. Agriculture also plays a vital role in Indian economy. At present, students from all over the country are selecting the agriculture field for their career prospective.

Is farming a good career?

The UN estimates that the world population will reach 8.5 billion by 2030, and as high as 9.8 billion by 2050, requiring a 70 percent increase in global food production. With that many mouths to feed, farming may well be the most important job on the planet.

Is agriculture the largest industry in the world?

Agriculture is the world’s largest industry. It employs more than one billion people and generates over $1.3 trillion dollars worth of food annually. Pasture and cropland occupy around 50 percent of the Earth’s habitable land and provide habitat and food for a multitude of species.

How much of the US economy is agriculture?

5.0-percentAgriculture, 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.

What are the 4 types of agriculture?

There exist four main branches of agriculture, namely;Livestock production.Crop production.agricultural economics.agricultural engineering.


How much does agriculture contribute to GDP?

Agriculture, food, and related industries contributed $1.109 trillion to the U.S. gross domestic product (GDP) in 2019, a 5.2-percent share. The output of America’s farms contributed $136.1 billion of this sum—about 0.6 percent of GDP.

What is the agriculture sector?

The U.S. agriculture sector extends beyond the farm business to include a range of farm-related industries. The largest of these are food service and food manufacturing. Americans’ expenditures on food amount to 13 percent of household budgets on average. Among Federal Government outlays on farm and food programs, …

How many jobs will be in agriculture in 2020?

In 2020, 19.7 million full- and part-time jobs were related to the agricultural and food sectors—10.3 percent of total U.S. employment. Direct on-farm employment accounted for about 2.6 million of these jobs, or 1.4 percent of U.S. employment. Employment in agriculture- and food-related industries supported another 17.1 million jobs. Of this, food service, eating and drinking places accounted for the largest share—10.5 million jobs—and food/beverage stores supported 3.3 million jobs. The remaining agriculture-related industries together added another 3.3 million jobs.

What are the sectors of agriculture?

Sectors related to agriculture include: food and beverage manufacturing; food and beverage stores; food services and eating and drinking places; textiles, apparel, and leather products; and forestry and fishing.

How many people are employed in the food and beverage industry in 2019?

In 2019, the U.S. food and beverage manufacturing sector employed 1.7 million people, or just over 1.1 percent of all U.S. nonfarm employment.

What are some related careers to agriculture?

Related careers will include environmental work within the agricultural field. Many of the areas above could lead to other fields of study or jobs. Forestry work could start with the Forestry Service or with the National Parks. There are jobs at fisheries and hatcheries which supply rivers and lakes with fingerlings that will resupply any seasonal losses. Conservation scientists and environmental specialists will work remotely by travelling to take samples, research climate trends, and read data to make crop decisions or predict trends affecting plants. All of these professions will need bachelor’s degrees to start with and some specialized training in certain areas.

What is the median salary of a forester?

The median annual salary for all agriculture, forestry and fishing workers was $25,380 in 2018. The BLS also reported annual wages for several individual agricultural careers in 2018. The median annual salary of agricultural inspectors was $44,140. Conservation scientists earned a median annual salary of $61,310, while the median salary for foresters was $61,410 ( ). This demonstrates the variation in earnings by industry.

What is the job of an agronomist?

As an agronomist you are generally responsible for producing crops for specific purposes, such as for food, fuels, pharmaceuticals or animal feed.

What are the duties of a self employed farmer?

If you become a self-employed farmer or rancher you may perform a variety of tasks related to the daily upkeep of a farm or ranch. This may involve planting, cultivating, rotating and harvesting crops, feeding livestock and managing operating expenses.

What is the decline in agriculture in 2028?

According to the U.S. Bureau of Labor Statistics (BLS), jobs in the agriculture, forestry and fishing sectors are expected to experience little to no change over the 2018-2028 period ( ). However, self-employed farmers may experience a decline in employment of three percent over this same period due to technology advances and the consolidation of farmland. Agricultural managers may see a decline of about one percent. Two areas that may provide the best opportunities for growth are organic farming and biofuel development.

What is the main driver of agricultural growth?

Productivity growth is still the major driver of U.S. agricultural growth. Technological developments in agriculture have been influential in driving changes in the farm sector. Innovations in animal and crop genetics, chemicals, equipment, and farm organization have enabled continuing output growth without adding much to inputs.

What percentage of farms are small family farms?

Small family farms (less than $350,000 in GCFI) accounted for 90 percent of all U.S. farms. Large-scale family farms ($1 million or more in GCFI) make up about 3 percent of farms but 44 percent of the value of production.

How much cash is used for animals in 2020?

Cash receipts for animals and animal products totaled $165.0 billion in 2020. Cattle/calves receipts made up 38.2 percent of that total, dairy receipts accounted for 24.6 percent, and poultry and eggs receipts came in at 21.5 percent.

What is GCFI in agriculture?

Gross cash farm income (GCFI) includes income from commodity cash receipts, farm-related income, and Government payments. Family farms (where the majority of the business is owned by the operator and individuals related to the operator) of various types together accounted for nearly 98 percent of U.S. farms in 2019.

What is net farm income?

Net farm income (NFI) reflects income after expenses from production in the current year and is calculated by subtracting farm expenses from gross farm income. NFI considers both cash and noncash income and expenses. Inflation-adjusted net farm income is forecast to increase by 15.3 percent in 2021 to $113.0 billion—the highest since 2013. Inflation-adjusted farm production expenses are projected to increase by 3.5 percent in 2021.

How many farms were there in 1935?

The number of U.S. farms continues to decline slowly. After peaking at 6.8 million farms in 1935, the number of U.S. farms fell sharply until the early 1970s. Rapidly falling farm numbers during the earlier period reflected growing productivity in agriculture and increased nonfarm employment opportunities.

What was the impact of agriculture on the 20th century?

American agriculture and rural life underwent a tremendous transformation in the 20th century. Early 20th century agriculture was labor intensive, and it took place on many small, diversified farms in rural areas where more than half the U.S. population lived.

Featured Content

New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education.

Latest Blog Posts

Are you the kind of person who struggles to get a handle on your to-do list? Are you sometimes scared to even start a list because there are too many

What is the highest paying job in agriculture?

Farm manager is one of the highest-paying agriculture careers, but it comes with a lot of hard work and responsibility. One day you may be outside in the sunshine, inspecting crops and taking soil samples, and the next you’ll be in an office checking market prices, negotiating sales to a food processing plant and creating financial reports.

What is it like to manage a farm?

Managing a farm requires that rare person who is analytical and extremely organised, who also doesn’t mind volatile unpredictability. Previous experience in agricultural work is essential, and the complexity of large, modern farms may also require a related agriculture or business degree.

What is the best degree for wildlife?

If you’re fascinated by wildlife and want to use your biology degree for a fulfilling career, this could be the best job for you – but be prepared to pursue an advanced degree for the highest levels of scientific work.

Is agriculture a backwards industry?

For too long a time, agriculture has been unfairly pigeonholed as a backwards industry that doesn’t offer great career options. However, recent statistics say otherwise. Not only do careers in agriculture offer tremendous opportunities for career growth, but some of them are financially rewarding, too.

Do agricultural engineers work overtime?

Apart from designing agricultural equipment and machinery, engineers also test them out to ensure that they work properly and that they were made within government regulations. But it’s not all fun and games: agricultural engineers usually work overtime as most manufacturers require their help even on weekends.

How much do rural farmers make?

Everyday Rural farmers as we like to call them — folks who own a small ranch out in the countryside — often make between $20,000 and $36,000 per year, which definitely isn’t all that much — however their living expenses are far lower than city folk, often being only a little food and utilities, some basic farm supplies, and whatever luxuries they may want to keep them entertained in their down-time.

Why are farmers paying so little?

This low pay largely due to Rural farmers using older (crop) farming techniques passed down many generations and having somewhat ethical living conditions for animals they may be raising for slaughter/sale , which simply nets a lower yield of both crops or livestock per acre of land and time spent. This isn’t to say it’s a bad thing — such compromises have benefits to the farmers quality of life, however it does hurt their incomes greatly.

Do farmers live a simple life?

These farmers live a relatively good simple life with plenty of free-time (although often they put it back into hobby projects on the farm), but don’t treat their farm like an investment or business most of the time, but rather as a way of life.

Is farming a simple lifestyle?

It’s a decent simple lifestyle, however it doesn’t provide much security when old age comes and working the farm becomes less feasible, and overall doesn’t provide much extra income to invest, save, or spend on vacations and the like.

Do people grow berries in Nepal?

We’d also say try to learn to care for specialty crops or crops that aren’t common in your area — a good example of this is berries. People love berries all over the world. However some places do not have berries — in fact in Nepal, a country I lived in for quite some time, is PERFECT for growing berries. But there’s practically nobody who farms them, and thus they’re nearly impossible to find, and are generally imported for the rich folks and tourists for exorbitant $5+/lb prices.

How much does an acre of herb give you?

An acre will give you about 4 pounds, indicative of how lucrative the herb is. If you stay in a dry region with mild winters, this is probably the best crop to grow. It is suitable for commercial spice production and is in high demand both locally and internationally.

How much garlic per acre?

According to some studies, average yield of garlic per acre is between 10,000 and 12,000 pounds and yearly profit per acre is around $80,000 what makes this crop one of the best cash crops with the highest profit per acre. Another grower and customer favorite is Elephant garlic, whose large, mild cloves bring $6-$8 per pound.

How many saffron flowers are there in a pound?

Remember that it takes about 150 blossoms just to make a single gram of dried saffron. It takes approximately 75,000 flowers to produce one pound of dried saffron. But to grow that many crocus flowers takes just a quarter acre of land, so you get some idea of how lucrative this crop could be to grow.

How much does saffron cost?

You can make lots of money by planting this very expensive culinary herb. A pound of this herb trades at around $5000 and $10000. An acre will give you about 4 pounds, indicative of how lucrative the herb is.

How many bouquets of lavender are produced in an acre?

Typically, an acre of lavender produces more than 10,000 bouquets annually, meaning you have a constant flow of money every year. Lavender farming can produce above-average profits for small growers, as it is such a versatile crop. The fresh flowers are sold in bundles or used for lavender oil.

How many basil plants per acre?

For instance, according to NC State Extension website, large producers who grow basil for oil, plant around 30,000 to 35,000 plants per acre. Leaf yields range from 1 to 3 tons per acre (dried) and for fresh leaves the range is even larger (6 to 10 tons).

What are some of the best cash crops?

The most popular culinary herbs include basil, chives, cilantro and oregano.

How many farms are there in Florida?

Florida’s 47,400 farms and ranches utilize 9.7 million acres and continue to produce a wide variety of safe and dependable food products. From the citrus groves and nurseries in Central and South Florida, to the vegetables in various regions around the state, to the cattle and calves throughout the state, these farms and ranches provide Florida with a large and stable economic base. In 2019 Florida ranked first in the United States in the value of production for bell peppers for fresh market, grapefruit, oranges, sugarcane, fresh market tomatoes, and watermelons; second in the value of production for bell peppers, fresh market sweet corn, and strawberries; and third in fresh market cabbage, cabbage, peanuts and squash.

How much is floriculture worth in 2019?

wholesale value of floriculture crops is down 7% from the 2018 valuation. The total crop value at wholesale for all growers with $10,000 or more in sales is estimated at $4.42 billion for 2019, compared with $4.77 billion for 2018. California and Florida account for 47% of the total value.

How much is corn in 2019?

Field Crops. The 2019 total value of production for corn, cotton, cottonseed, hay and peanuts totaled $334 million, an increase of 5% from the previous year’s total of $319 million. The total value of peanut production increased 14% and was valued at $119 million.

How many cattle will be in Florida in 2020?

All cattle and calves on Florida farms and ranches as of January 1, 2020, including dairy cattle, totaled 1.68 million head, unchanged from 2019. Beef cows in Florida were 904,000 head, down 10,000 head from 2019. Among the states on January 1, 2020, Florida ranked 13th in beef cows and 18th in total cattle.

How much citrus is produced in the US?

Citrus. United States citrus utilized production for the 2018-2019 season totaled 7.94 million tons, up 31% from the 2017-2018 season. California accounted for 51% of total United States citrus production; Florida accounted for 44%, while Texas and Arizona produced the remaining 5%.

How many producers are there in Florida in 2019?

The number of producers for 2019, at 5,198, is down 19% compared with the 2018 count. Florida total wholesale value of floriculture crops sold by operations with $100,000 or more of sales, at $1.06 billion, is up 13% from 2018.

Leave a Comment