Commodity Production and Value Report slide image

Commodity Production and Value Report

TEXAS LOUISIANA OKLAHOMA MISSOURI The Aggregate Agriculture Sector's share of the state economy is much greater for Arkansas than for any contiguous state and for the averages of the Southeast region and the United States. How much greater? The Agriculture Sector's share of GDP in Arkansas is: ARKANSAS TENNESEE MISSISSIPPI The Agriculture Sector's Share of the State Economy • 4.4 times greater than in Texas • 2.7 times greater than in Louisiana • 2.5 times greater than in Oklahoma • 1.9 times greater than in Missouri • 1.8 times greater than in Tennessee • 1.3 times greater than in Mississippi 1.9 times greater than for the Southeast region • 2.7 times greater than for the U.S. as a whole Source: USDC BEA, 2019; English, Popp, and Miller, 2020a. "Calculations based on the percent contribution of the Agriculture Sector to state GDP in 2017. GDP by state represents the market value of goods and services produced by the labor and property located in a state. GDP does not factor in the impact of subsidies and/or taxes on products, which are captured in value added estimates. "The Southeast is defined by BEA to include the states AL, AR, FL, GA, KY, LA, MS, NC, SC, TN, VA, and WV, and is not the sum of Arkansas's contiguous states listed in the table. 9 SOUTHEAST REGION UNITED STATES
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