Study Analyzes Economic Impact of Agriculture in Montana
A new study from Montana State University examined the economic impact of on-farm agriculture in Montana. This agricultural impact study utilizes data from the 2017 Census of Agriculture and the IMPLAN economic impact model to assess the impact of farmers and ranchers on the Montana economy. The study examines agricultural land use, finance (including revenues, expenses, and taxation), producer profiles, and agriculture production’s impact on jobs and gross state product for each county in Montana. Statewide, the market value of agricultural products sold was $3.5 billion, with crop-related sales totaling $1.6 billion and livestock-related sales totaling $1.9 billion.