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Research Outline
Prepared for francis w. | Delivered April 16, 2020
Agriculture Sector Market Data
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Goals
Gain a market size as well as additional data on the agriculture sector in the US, including concentration of agriculture by state, types of equipment, and main types of fuel used in agricultural equipment.
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Early Findings
The agriculture sector contributes
over $1 trillion
to U.S. GDP per year.
This represents approximately
5.4% of total GDP.
Farm based agriculture contributes
$132.8 billion
of this total, approximately 1% of total GDP.
22 million jobs
are within the agriculture and food sector, representing 11% of total employment in the US.
The
top states for agriculture
in the US are California, Iowa, Nebraska, Texas, and Minnesota.
California generates
$44 billion
on average annually,
11.3%
of total agriculture in the US.
Top companies
producing agriculture equipment for US markets are John Deere & Co,CNH Industrial N.V, AGCO Corporation, CLAAS Group, SAME Deutz-Fahr Group, and Kubota Corporation.
Tractors, balers, harvesters, and cultivators are some
key pieces of equipment
in the agriculture space, as well as advanced irrigation systems.
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