American agriculture contributes $10.4 trillion in economic value and supports nearly 49 million U.S. jobs. Photo credit: American Bakers Association.
35 food and agriculture groups released the 10th annual Feeding the Economy report, a farm-to-fork study of the entire agricultural supply chain. The report analyzes the direct and indirect economic contributions of one of America’s most essential industries to U.S. jobs, wages, economic output, and taxes.
The 2026 report confirms that America’s food and agriculture industries remain a cornerstone of the U.S. economy, generating more than $10.4 trillion in economic value—representing nearly 20% of the overall national economy. This marks an increase of nearly $894 billion year-over-year, reflecting growth across the agricultural value chain amid ongoing inflation pressures, a challenging farm economy, and an uncertain global trade environment.
America’s food and agriculture sector supports 48.7 million jobs across the economy, including nearly 24.3 million direct jobs in farming, manufacturing, processing, distribution, retail, and foodservice. Direct employment has grown 6.5% over the past decade, though job growth slowed in the past year as parts of the sector faced economic pressures.
Additional highlights from the 2026 Feeding the Economy report include:
- Food and agriculture generate more than $3 trillion in wages for American workers, with wages rising 4% year-over-year and 13% over the past decade, generally outpacing inflation.
- Food manufacturing remains the largest manufacturing sector in the United States, employing more than 2.28 million workers.
- U.S. food and agriculture exports totaled more than $177.3 billion, though exports declined by roughly $5.4 billion year-over-year, underscoring the importance of maintaining strong trade agreements and expanding market access for American producers.
- The food and agriculture sector generates $1.35 trillion in tax revenue for federal, state, and local governments, a 7% increase year-over-year.
“The Feeding the Economy report affirms the vital role food and agriculture play in our nation’s economic resilience and food security. Commercial bakers have long been proud partners to American agriculture, sourcing 85 percent of their core ingredients from domestic farmers. This enduring connection between bakers and farmers helps the baking industry generate nearly 800,000 American jobs and ensure families across the country can count on nutritious, delicious, accessible, and affordable baked goods every day.”
Despite the industry’s continued economic impact, the report reveals several emerging challenges. Direct employment in production agriculture and food manufacturing remained largely flat year-over-year, reflecting pressures on farmers, producers, and rural communities. Export values have also declined in inflation-adjusted terms over the past decade, further demonstrating the importance of stable and reliable international markets for U.S. agriculture.
The full report can be accessed here.
Read more from the American Bakers Association here.