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New Study Shows $6.9 Billion Increase in SD Ag Economic Contribution





SOUTH DAKOTA DEPARTMENT OF AGRICULTURE NEWS RELEASE

 

For Immediate Release: July 29, 2019

Media Contact: Maggie Stensaas, 605.773.5425

 

New Study Shows $6.9 Billion Increase in SD Ag Economic Contribution

 

PIERRE, S.D.- The South Dakota Department of Agriculture has released the 2019 South Dakota Agricultural Economic Contribution Study.

 

The study is an update to the 2014 South Dakota Economic Contribution Study. Both studies were completed by Decision Innovation Solutions and draws from data generated by the Census of Agriculture conducted by the National Agricultural Statistics Service of the U.S. Department of Agriculture.

 

A few key findings from the study include:

 

  • Agriculture contributes $32.5 billion, annually, to South Dakota’s economy, up from $25.6 billion. This accounts for 33 percent of South Dakota’s total economic output.

 

  • The number of agriculture and agriculture-related jobs also increased from 115,651 to 132,105. This represents 22 percent of all jobs in South Dakota.

 

“This study is very encouraging,” said South Dakota Secretary of Agriculture Kim Vanneman. “It’s been a tough couple years for folks in agriculture with unpredictable weather and tough markets, but these numbers show that the heartbeat of agriculture is strong, and our future is bright. Thanks to the innovative and hard-working men and women in all parts the industry, agriculture continues to grow in South Dakota.”

 

To view the full study, visit https://sdda.sd.gov/office-of-the-secretary/publications/pdf/2019_FinalSD_AECS.pdf.

 

Agriculture is a major contributor to South Dakota’s economy, generating $32.5 billion in annual economic activity and employing over 132,000 South Dakotans. The South Dakota Department of Agriculture's mission is to promote, protect and preserve South Dakota agriculture for today and tomorrow. Visit us online at sdda.sd.gov or find us on Facebook, Instagram and Twitter.

 

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