WASHINGTON—Virginia’s agricultural sector continues to demonstrate its massive economic influence, according to a comprehensive new analysis of farming’s role in the American economy.
The latest edition of the ‘Feeding the Economy’ study, released for its tenth consecutive year, reveals the robust performance of America’s food and agricultural industries despite facing significant economic challenges.
Backed partially by the American Farm Bureau Federation, the 2026 analysis confirms that food and agricultural sectors remain fundamental pillars of the U.S. economy, producing over $10.4 trillion in economic value—accounting for approximately 20% of the nation’s total economic output. These industries provide employment for nearly 49 million Americans, representing roughly 30% of all U.S. jobs.
‘The interesting piece here is where those jobs are,’ explained Daniel Munch, an economist with AFBF. ‘Less than 2% are on the farm, but when you add food manufacturing, wholesale and retail, that adds another 24 million jobs, or about 15% of the workforce.’
The data shows an impressive year-over-year increase of almost $894 billion, demonstrating expansion throughout the agricultural supply chain despite persistent inflation, difficult farming conditions, and unpredictable international trade circumstances.
Across the United States, California dominates with more than $1.2 trillion in agricultural and food production.
Within Virginia’s borders, the combined direct and indirect economic influence of food and agricultural sectors reaches $203 billion in total output, encompassing 1.1 million jobs and $59 billion in employee compensation. These industries contribute $2.7 billion in export revenue and produce more than $26 billion in business tax collections.
Throughout the commonwealth, Lexington claims the top position for total economic output among Virginia’s agricultural and food sectors, generating $21.8 billion.
‘This report is a reminder that agriculture’s impact reaches far beyond the farm gate,’ stated Tony Banks, senior assistant director of agriculture, development and innovation at Virginia Farm Bureau Federation. ‘The farm and forestry economy supports jobs, wages and commerce in every corner of the commonwealth.’
Given the current struggles facing the broader farm economy, Munch emphasized the critical importance of showcasing agriculture’s extensive economic significance throughout America. Economic advantages such as employment opportunities, salary levels, and tax contributions are directly connected to production facilities.
‘If production shifts overseas due to cost pressures, regulatory burdens or competitive challenges, that economic activity moves with it,’ he explained. ‘So, it’s not just about the food supply—it’s about all these other jobs, tax revenue and economic commerce that supports industries across every corner of every state.’
Additional national, state, and county-level economic information regarding food and agricultural sectors can be found at feedingtheeconomy.com.
Media contacts include Banks at 804-290-1114 or Bailey Corwine from AFBF communications at 202-406-3643.
