Findings from the economic impact study released today point to a brighter future for the people of Alabama, according to Commissioner John McMillan of the state Department of Agriculture & Industries.
A collaborative effort between Auburn University's research division, the Alabama Cooperative Extension Service the Alabama Agribusiness Council, the study shows that agriculture, agribusiness and forestry impact the state's economy by $70.4 billion a year.
"This study clearly indicates that agriculture, forestry and agribusiness are the backbone of Alabama's economy, amounting to some 40% of the state's $175 billion gross domestic product," McMillan said.
In addition, the study, entitled "Economic Impacts of Alabama's Agricultural, Forestry, and Related Industries," reports 580,295 Alabamians - roughly one-third of all workers in the state - work in agriculture, forestry and related industries.
"Growth in our sector, thanks to strong foreign demand