The agricultural economy is contributing more to U.S. Gross Domestic Product than ever recorded, but farm gate contributions have bottomed out.
American Farm Bureau Federation’s John Newton tells Brownfield farm GPD is less than one percent, the lowest since reporting began in 2007.
“While agricultural GDP is over $1 trillion and is record high, the farm share is at it’s lowest level, really highlighting the challenges in the farm economy.”
He says combination of factors are behind the decline rather than one commodity or production region.
Continue reading Ag Economy: record high, Farm GDP: record low at Brownfield Ag News.
