New Study Ranks Illinois as #1 in Total Economic Output in the U.S.

August 7, 2024
A pie chart showing comparison of corn production value to total output contribution due to corn farming in 10 largest corn states

Corn farming is one of the largest sectors in American agriculture. The nation’s corn farmers bolster the economy and help build strong communities. There are firms in 524 industry sectors across all 50 states and the District of Columbia with linkages to corn grain farming.

 

In 2023, Illinois farmers produced 2.27 billion bushels of corn, slightly up from the previous year, with an average yield of 206 bushels per acre. While Illinois ranks number two in corn production, it is number one in total economic output contribution due to corn farming, along with its upstream supply chain and household linkages.

Why is Being #1 in Economic Output So Important?

Being number one in economic output means:

  • More jobs
  • A stronger economy
  • Global influence
  • Technological advancements
  • Thriving communities
  • Better environmental practices

 

Just like a winning team brings pride and benefits to its supporters, Illinois’s success in corn farming brings significant advantages to the state and its residents.

 

Read the Entire Analysis of Corn's Impact in the U.S. from NCGA

 

The study relied on IMPLAN, an economic analysis software, to calculate the direct, indirect, and induced impact of corn farming for grain production on the U.S. economy at the state and national level.

 

“This report highlights the crucial role America’s corn growers play in our nation’s agricultural and economic value chain,” said NCGA Lead Economist Krista Swanson, who authored the analysis. "The data show that growers remain deeply rooted in rural America, where they serve as pillars of economic growth. They work to foster technological innovation, expand commercial opportunities, advance free trade, build the bioeconomy, and feed a hungry world.”

 

Data Source: IMPLAN® MODEL, 2022 Data, using inputs provided by the user and IMPLAN System (data and software), 16905 Northcross Dr., Suite 120, Huntersville, NC 28078 www.IMPLAN.com

A study of economic contribution of corn farming in 2023, published June 2024 National Corn Growers Association

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