Commodity Production and Value Report slide image

Commodity Production and Value Report

In 2017, Arkansas ranked 34th in overall GDP at $128.1 billion. However, when looking at the share of GDP generated by agriculture, forestry, fishing, and hunting, Arkansas ranked 9th overall in the nation (USDC BEA, 2019). In terms of agricultural cash farm receipts in 2018, Arkansas ranked 15th with a value of $9.0 billion, contributing 2.4% to the U.S. total cash farm receipt value. Arkansas ranked 18th in total crop cash farm receipts at $3.5 billion and 10th in total live- stock cash receipts at $5.6 billion (USDA ERS, 2020a). In terms of value, Arkansas' top two commodities for 2018 were broilers and soybeans. Bringing in $4.1 billion, broiler production represented 45.3% of all agricultural cash farm receipts in the state. At $1.4 billion, soybeans contributed over 15% to total Arkansas cash farm receipts in 2018. Rice also had a large contribution with 11.3% of total agricultural cash receipts ($1.0 billion) for Arkansas. 15
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