MSU Product Center 2012 Economic Impact Report Summary
DOWNLOADMarch 31, 2012 - William A Knudson and H Christopher Peterson
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EmailMajor Findings
Michigan’s food and agriculture system remains a major contributor to income and employment in the state’s economy. The system accounts for an estimated $91.4 billion in direct, indirect and induced economic activity annually. This sector also accounts for an estimated 923,000 jobs. These figures are estimates based on the best available sources of information with measurements consistent with the calendar year 2010. Some activities such as direct farm sales to consumers are not captured, and given the delay in publishing data, particularly for food processing and wholesaling, the actual figures may be higher especially for the economic impact numbers.
