Findings from the economic impact study released last month by John McMillan, Commissioner of the Alabama Department of Agriculture & Industries, point to a brighter economic future for the people of Alabama. A collaborative effort between Auburn University’s research division, the Alabama Cooperative Extension Service, and the Alabama Agribusiness Council, the study shows that agriculture, agribusiness and forestry impact the state’s economy by $70.4 billion a year. Commissioner McMillan had this to say:
This study clearly indicates that agriculture, forestry and agribusiness are the backbone of Alabama’s economy, amounting to some 40% of the state’s $175 billion gross domestic product.
In addition, the study, entitled “Economic Impacts of Alabama’s Agricultural, Forestry, and Related Industries,” reports that 580,295 Alabamians – roughly 22% of all workers in the state – work in agriculture, forestry and related industries. A strong foreign demand for farm commodities has been steady and the outlook is positive. The goal of the state Agriculture Department is to support the growth of agriculture and agribusiness.
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