A new study confirms what was already known, agriculture is a key part of Wisconsin’s economy. To be exact, Wisconsin’s farms and agricultural businesses generate $59.16 billion in economic activity and provide jobs for 353,991 people, according to a recent study conducted by University of Wisconsin-Extension based on data for 2007.
“This study clearly demonstrates agriculture’s huge role in our state’s economy and the importance of having a diverse agricultural portfolio. No other sector is so broadly based across the entire state,” says Rod Nilsestuen, secretary of the Wisconsin Department of Agriculture, Trade and Consumer Protection.
The findings show that Wisconsin agriculture contributes in a significant way to the state’s economic base despite the acute financial pressures caused by low prices for several products including milk and cheese as well as high input costs. Results indicate agriculture’s economic activity increased 14.9 percent, up from $51.5 billion, from a similar study conducted in 2004 using data for 2000.
Read more details on agriculture’s impact.
Source: University of Wisconsin-Madison