Corn farmers contributed $151 billion to the U.S. economy in 2023, according to a recent study.

The report, published by the National Corn Growers Association (NCGA), breaks down the economic contributions of corn in 2023, including economic output, tax revenues, labor income, employment statistics and contributions to the gross domestic product (GDP).

“This report highlights the crucial role America’s corn growers play in our nation’s agricultural and economic value chain,” said Krista Swanson, NCGA lead economist 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.”

The NCGA Economic Contribution Study for 2023 found corn farmers on 289,382 farms in the United States grew 15.3 billion bushels of corn for grain valued at $73.9 billion.

The economic study shows the U.S. is the world’s largest producer and exporter of corn.

The U.S. Department of Agriculture (USDA) reports 41 states grow corn, but the impact of corn contributes to the economy in all states and extends across over 500 different industry sectors.

The study found there are a total of 23,491 jobs related to corn in Texas that provided $1,142 million in wages.

In 2023, Texas corn had a production value of $1,434.7 million with an economic output of $4,450.4 million and an estimated contribution of $1,825.9 million to the GDP.

“This study shows the important role that corn farmers play in shaping the Texas and U.S. economies,” Brant Wilbourn, Texas Farm Bureau associate director of Commodity and Regulatory Activities, said. “It highlights how farmers and agriculture utilize technological innovation to support countless industries and play an active role in our daily lives.”

In the U.S., corn farming for grain generated an estimated $151 billion in total economic output last year, with an estimated contribution of $62 billion to the GDP.

Corn is a large contributor to the nation’s agricultural and economic value chain. Over 600,000 jobs and $35 billion in wages can be connected to corn, according to the NCGA study.

The study calculated the direct, indirect and induced impact of growing corn for grain production in 2023 on the economy at the state and national level.

View the full study here.