Agriculture’s Economic Impact Discussed at Agricultural Summit in Aberdeen Pexels.com photo
Jul 27, 2017

Agriculture’s Economic Impact Discussed at Agricultural Summit in Aberdeen

Agriculture is one of the largest and most important industries in South Dakota, contributing $25.6 billion toward the economy and employing 115,000 people, according to Ag Week. Recognizing the importance of agriculture in South Dakota, Governor Daugaard has held an annual agriculture summit each year of his administration.

During the 2017 Governor’s Agricultural Summit, a variety of topics were discussed including animal health, innovation, and the agricultural economy. South Dakota State Veterinarian Dustin Oedekoven discussed the importance of reducing dependence on antibiotics in livestock while Jim Roth from Iowa State University discussed the potential $200 billion negative impact foot and mouth disease could have on agriculture in the United States, if the disease were to become widespread.

Economist Matt Roberts provided summit attendees with an overview of the agricultural economy, noting that while the price of grain has fallen recently, the market may be leveling out. Additionally, predicaments with crops in the past year have allowed some farmers to price their corn at $4 per bushel and soybeans at over $10 per bushel.

For more agricultural data resources, visit the South Dakota Dashboard’s Further Data Resources.

Related items

  • Slump in Agriculture Carries into First Quarter GDP Growth

    Real gross domestic product (GDP) in South Dakota declined by 3.8 percent in the first quarter of 2017, according to recently released data by the…
  • SD Housing Most Affordable Regionally, but Housing Cost Burdens Still Abound

    Individuals earning a minimum wage in South Dakota must work 51 hours per week in order to afford a one-bedroom apartment in South Dakota, according…
  • Real Personal Income Growth in Sioux Falls in 2015 Near Top in Nation

    Real personal income in Sioux Falls grew faster than in all but three other metropolitan areas in the country in 2015, according to data released…
  • Agriculture Continues to Lag in Fourth Quarter GDP Growth

    The South Dakota economy grew by 1.1 percent ranking the state 38th in the nation for real gross domestic product (GDP) growth, according to a…
  • South Dakota Outpaced National Rate of GDP Growth in 2016

    The economy grew faster in South Dakota than in the United States as a whole, according to a recent release from the US Bureau of Economic Analysis.…