The Contribution of Agriculture to the Wisconsin Economy: An Update for 2022

Abstract

This study provides an update on the Contribution of Agriculture to the Wisconsin Economy undertaken by Deller (2019) using data for 2022, the most current available. Despite the declining number of farms between 2017 and 2022 (from 64,793 in 2017 to 58,521 in 2022, see Hadachek and Deller 2024) there was an increase in the number of food processors (including beverage manufacturers) over the same period (1,160 in 2017 to 1,245 in 2021 (most current year available). Together, the Wisconsin agricultural production and food processing sectors contributed a combined $116.3 billion in industrial revenues in 2022 (14.3% of the state total), an increase of 10.9% from 2017. The contribution to employment, however, declined from 437,700 jobs in 2017 to 353,900 jobs in 2022, a decline of 19.1%. Labor income (wages, salaries, and proprietor income) decreased by 5.5% going from $22.5 billion in 2017 to $21.2 billion in 2022. There was a modest increase in total income (labor income plus all other sources of income), going from $37.6 billion in 2017 to $37.78 billion in 2022.