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Agriculture Big Business in Michigan
The Michigan State University Product Center released a report this week showing that the state’s agriculture industry produced more than 900,000 jobs and more than $90 billion in economic impact in 2010. The economic impact represented a 52 percent increase since the Center last released a study in 2004; however, the job total was a nearly 11 percent fall from the 2004 total of 1.04 million.
Experts explain that the job loss relates mostly to efficiency improvements made in agriculture. The majority of both the jobs and overall economic impact is realized after products leave the farm.
Food wholesale and retail accounted for more than half the total economic impact at more than $50 billion. This measure includes grocery stores and restaurants. Farms themselves contributed more than $13 billion and 100,000 jobs to the state’s workforce.
posted by PAA Online
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Friday, April 13, 2012
9:42 AM
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