Statewide report shows $91 billion economic impact of Virginia’s Agriculture and Forestry IndustriesJuly 25, 2017
The Weldon Cooper Center for Public Service at University of Virginia recently released a 2017 report on the economic impact of Virginia’s Agriculture and Forestry Industries. The total economic impact of agriculture and forestry-related industries in Virginia was over $91 billion in total industry output in 2015, the base year for this study, which was commissioned by the Virginia Secretary of Agriculture and Forestry to estimate the contribution of the agriculture and forestry-related industries to Virginia’s economy.
The total employment impact was 442,260 employees, representing 8.7 percent of total state employment. The total value-added impact was $45.5 billion, which made up 9.5 percent of state gross domestic product.
Read the full report here.