Study Shows Value of Agriculture to Utah’s Economy

by | Jan 16, 2017 | News | 0 comments


The Uintah Basin is a significant contributors to Utah’s agriculture industry and a new study puts that value in perspective on a state level. Utah State University released a study this month showing that Utah agriculture contributes more than 15 percent to the state’s economy. According to the report, there has been a steady rise in agriculture’s economic contribution with a value of $21.2 billion dollars in total economic output in 2014, up from $15 billion dollars in 2008. A total of 79,573 jobs are agriculture related generating compensation of $3.5 billion dollars. The state benefit can also not be underestimated as $497 million dollars in state and local taxes were collected in 2014 alone. The report stated that agriculture contributes to jobs, income, fiscal revenues, and quality of life to not only rural regions of the state, but also to urban regions. The full report can be accessed at



www.ag.utah.gov



.

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