NCGA Economic Contribution Study for 2023

July 10, 2024

NCGA Economic Contribution Study for 2023

Jul 10, 2024

Author: Krista Swanson

Corn farming is one of the largest sectors in American agriculture. In 2023, corn farmers in the United States grew 15.3 billion bushels of corn for grain valued at $73.9 billion. For the 2023/24 marketing year the United States is the world’s largest producer and exporter of corn. The nation’s corn farmers bolster the economy and help build strong communities as evidenced by the results of the Study of the Economic Value of Corn Farming in the United States for 2023. 


The contribution of corn farming and linkages extended across 524 different industry sectors in all 50 states. Corn farming for grain generated an estimated $151 billion in total economic output in 2023, with an estimated contribution of $62 billion to Gross Domestic Product (GDP), making the industry an essential contributor to the nation’s agricultural and economic value chain. Driving the creation of over 600,000 jobs and providing $35 billion in wages, corn farming strengthens communities in rural America and across the entire nation.