Agribusiness: New Technologies Transform Life on the Farm

Over the past several years, the U.S. agriculture sector has contributed more than $200 billion in net added value annually to the nation’s GDP with the export value of a broad range of agriculture products from soybeans and cotton to sweet corn and peanuts amounting to more than $170 billion in 2023 alone.

Texas, according to research firm Statista, was by far the leading U.S. state in terms of the total number of farms, with about 231,000 farms by the end of 2024.

Iowa ranks second, among the leading ten states, with 86,700 farms as of 2023 followed by Missouri (85,700), Ohio (74,000), Illinois (70,000), Oklahoma (70,000), Minnesota (65,300), Tennessee (62,900), California (62,500), and Wisconsin (58,200).

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