What is agricultural economics?

agricultural economics, study of the allocation, distribution, and utilization of the resources used, along with the commodities produced, by farming. Agricultural economics plays a role in the economics of development, for a continuous level of farm surplus is one of the wellsprings of technological and commercial growth.

How much money does the agricultural sector make?

The agricultural sector sold $552.6 billion in commodities including animal products and crops. The federal government employs various methods to gather essential information about agriculture, including crop types and locations, financial details of American farm enterprises, and the size of the agricultural workforce.

What sectors are related to agriculture?

Sectors related to agriculture include food and beverage manufacturing; food and beverage stores; food services and eating/drinking places; textiles, apparel, and leather products; and forestry and fishing. In 2022, 22.1 million full- and part-time jobs were related to the agricultural and food sectors—10.4 percent of total U.S. employment.