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Economic and dam related articles

Wheat Contributes $21.5-billion
to U.S. Economy

by WWC Staff
Wheat Life, May 2007

A new study on the economic impact of wheat shows that the crop contributed an average of $21.5-billion per year to the U.S. economy from 2003 to 2005. The study also showed 206,000 jobs on average each year were available over that time due to wheat production and use.

"This study points out something most wheat growers already knew, that wheat growing and the income it allows to flow through the economy are important to local communities and the U.S. economy as a whole," said Dale Schuler, National Association of Wheat Growers president and a wheat grower in Carter, Montana. "Keeping wheat growers on the ground isn't just important for the sake of food security-it's a $21-billion decision that affects the economy as well as people's jobs," he said.

The Impact Analyses and Planning software package and database of technical coefficients were used to make the study's estimates. The study looked at direct, indirect and induced economic impact on the state and national levels. The study was commissioned by NAWG and done by James W. Richardson, Joe L. Outlaw and J. Marc Raulston at Agricultural and Food Policy Center at Texas A&M University.

WWC Staff
Wheat Contributes $21.5-billion to U.S. Economy
Wheat Life, May 2007

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