Increased Demand for U.S. Agricultural Exports Would Likely Lead to More U.S. Jobs

US agricultural exports support about 1.1 million full-time, civilian jobs, according to 2017 ERS estimates based on 2015 data. On how the US employment would be affected if the demand for these exports increased even further, ERS researchers used a computational model of the US economy to explore t...

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Bibliographic Details
Published in:Amber waves 2017-06 (5)
Main Authors: Zahniser, Steven, Hertz, Thomas, Dixon, Peter, Rimmer, Maureen
Format: Article
Language:English
Subjects:
Agricultural and Food Policy
Agricultural economics
Agricultural exports & imports
Agricultural production
Agricultural products
Agronomy
Computation
Computer applications
Demand
Demand and Price Analysis
Employment
Estimates
export-employment
Exports
foreign demand
jobs
Labor and Human Capital
Mathematical models
metro counties
nonmetro counties
nonmetro job growth
Productivity Analysis
Researchers
U.S. agricultural exports
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Summary:US agricultural exports support about 1.1 million full-time, civilian jobs, according to 2017 ERS estimates based on 2015 data. On how the US employment would be affected if the demand for these exports increased even further, ERS researchers used a computational model of the US economy to explore the possible effects of a hypothetical 10% increase in foreign demand for US agricultural products. They found that such an increase would result in a 6.7% rise in the volume of US agricultural exports. The growth in export volume is smaller than the increase in export demand because the demand stimulus is partially offset by an increase in export prices. Another finding was that total US employment (agricultural and nonagricultural) would increase by about 41,500 jobs, above and beyond the approximately 1.1 million jobs currently supported by US agricultural exports.
ISSN:1545-8741
1545-875X
DOI:10.22004/ag.econ.265388