Study: Agribusiness A Growing Segment of South Carolina’s Economy
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Published: September 17, 2008
A study released by the South Carolina Agribusiness Council on Wednesday says that agribusiness has overtaken manufacturing and tourism as South Carolina’s leading economic cluster.
Agribusiness includes all aspects of farming and forestry.
A press release from the Council pointed out the study’s findings.
The study was conducted over a period of nine months by Dr. Harry Miley of Gallo and Associates of Greenville, S.C.
The council stated that the new research shows that all commodities and services in modern agribusiness, taken together, have a $33.9 billion impact on South Carolina’s economy, larger than any other sector.
Also a release stated that agribusiness is growing and now provides jobs for nearly 200,000 South Carolinians.
Among the findings, the council says the study shows:
• Agribusiness is making an increasingly large contribution to labor income, output and jobs.
• The agribusiness industry generates a total output of direct and indirect activity of $7.5 billion in annual labor income.
• The agribusiness industry is also a major job producer, with direct and indirect employment of 199,469 of the State’s jobs.
Read the complete study here in a pdf format.
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