Economic Impact of Washington’s Wheat Sector
By T. Randall Fortenbery, Professor and Thomas B. Mick Endowed Chair, and Suzette Galinato, IMPACT Center, from the School of Economic Sciences
Washington agriculture is one of the more diverse agricultural sectors in the United States. The total value of Washington
agricultural production in 2012 was $9.9 billion. Agriculture accounted for an additional 204 million dollars in government payments (these included payments for land in the Conservation Reserve Program, Direct Payments authorized under the 2008 Farm Bill, etc.), bringing the total value of Washington agriculture in 2012 to 10.1 billion dollars. Forty different commodities accounted for 97 percent of the total value, with several other crops contributing the final 3 percent.
Wheat production ranked as the State’s number 2 agricultural revenue generator in 2012, and number 3 in 2013 just behind milk. As a result the economic impacts of wheat production are substantial for the state as a whole, but they are particularly important to rural areas of Eastern Washington. This summary highlights some of the more important contributions of wheat producers to the State of Washington.
Read the full report here.