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Infographic: Florida Houseplant Production

Agriculture, natural resources, and related food industries remain a significant force in the economy of Florida, and it is important to recognize their economic contributions for informed public policy. The economic contributions of these industries were re-evaluated for calendar year 2012 to update previous reports and to provide current information on economic trends in the wake of the historic global recession of 2007–2009.

Economic contribution results for Florida’s agriculture, natural resources, and related food industries for 2012 are summarized in Table ES1:

  • Industry output or sales revenues of $141.79 billion

  • Total employment impacts (including indirect/induced multiplier effects arising from foreign and domestic exports of $65.85 billion) of 2.1 million full-time and part-time jobs representing 20.8 percent of all jobs in the state

  • Total value added impacts (including multiplier effects) of $119.98 billion, representing 14.9 percent of Gross State Product (GDP)

  • Total labor income impacts of $75.92 billion which include employee wages and fringe benefits, business proprietor income, and total property income impacts of $30.77 billion

  • Impacts/contributions from taxes on production and imports paid to local, state, and federal governments totaled $13.29 billion

     

    From "Economic Contributions of Agriculture, Natural Resources, and Related Food Industries in Florida in 2012" by Alan W. Hodges, Mohommad Rahmani, and Thomas J. Stevens

    For the Executive Summary and download the full publication visit http://edis.ifas.ufl.edu/fe954