Date: March, 2005
Abstract: Agriculture accounts for approximately one percent of the United States gross domestic product (GDP). However, once we consider the entire value chain, its importance is much larger. Although the performance of each sector within the agribusiness industry has varied significantly, since the year 2000 the value of agriculture production has increased annually by five percent. Animal protein and grain and oilseed production still dominates the sector’s revenues. The U.S. is one of the larges...
Research Type: Industry Note