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Apr 20, 2012

IU - Economic Impact of Indiana's Agriculture Exports

In April 2011 Indiana University's Kelley School of Business published entitled Cultivating Trade: The Economic Impact of Indiana's Agricultural Exports.  The report was funded by the Indiana Soybean Alliance.  It purpose was to study the impact that agriculture has on the state of Indiana's economy.

In 2010, the state of Indiana exports totaled $3.4 billion and agriculture accounted for an estimated 11 percent of this amount.  More than 100,000 Hoosiers worked directly on 62,000 farms across the state or are involved in agricultural processing and food manufacturing in 2010.  Agricultural exports supported an estimated 35,000 statewide.

Agricultural exports has been a growing sector since 2000.  According to Timothy Slaper, Director of Economic Analysis at IU's Kelley School of Business this reflects "the growth of foreign markets for agricultural products."  In 2010, Indiana was the eighth largest agricultural exporter in the United States.  In the decade between 2000-2010, the state's agricultural exports more than doubled from $1.5 billion to the $3.4 billion.  

A ranking of Indiana's agricultural exports in 2010 included: 

  1. Soybeans (50% of all IN agricultural exports, totaling $1.7 billion) 
  2. Feed grains totaled $800 million
  3. Livestock and meat
  4. poultry products 
  5. wheat products

"Efforts to expand existing export markets for agricultural goods, and to open new ones, should have significant positive ripple effects throughout the Indiana economy," the authors concluded. "With this in mind, the degree to which Indiana's agricultural exports increase in the coming years will be an important economic indicator to watch."

For more see:

"IU Kelley School report: Indiana's agricultural exports totaled $3.4 billion in 2010," Indiana University Kelley School of Business, Press Release, 11 April 2012.

Grebner, Meghan. "Ag’s contribution to Indiana’s economy," Brownfield Ag News, 17 April 2012.

About Margaret

CEO and Curator (The Food Museum) | Managing Director and Chief Editor (GR2 Global LLC) | Educator (UCLA PhD) | Researching and writing on global food issues, nutrition and health, sustainability, history (preservation), conservation (natural resources), and design.
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