How farming supports Iowa’s economy

A new study reveals a significant increase in the importance of agriculture to Iowa’s economy between 2017 and 2022.

Iowa’s 86,911 family farms are a key driver of Iowa’s economy, contributing 32% more to the state economy than in 2017, according to the study released by the Coalition to Support Iowa’s Farmers.

Additionally, more than 22% of Iowa’s total economic output came from Iowa agriculture in 2022.

The study, which analyzed data from the 2022 U.S. Census of Agriculture and other sources, indicates that nearly one in every five Iowans are employed due to agriculture and ag-related industries, accounting for more than 385,000 jobs. 

Even as it helps propel Iowa’s economic growth, agriculture maintains its family-owned roots, the study shows. More than 96% of farms in Iowa are family owned and operated, with farm size averaging 345 acres.

Livestock farming also significantly supports Iowa’s economy. The livestock sector accounts for $20.4 billion in value-added contributions for the state, up nearly $5 billion from 2017, with nearly 170,000 jobs across Iowa.

“It’s a testament to the tenacity of livestock farmers, in particular, who have persevered through a global pandemic, low commodity prices, tariffs and Mother Nature to actually see an increase in economic output related to livestock in the state,” Brian Waddingham, executive director of the Coalition to Support Iowa’s Farmers. 

“There’s no question that the livestock industry is a critical piece in Iowa’s overall economy. It’s also key to keeping farm families living and working on the land.”