The economic power of agriculture, forestry and fisheries in the northwest University study quantifies economic impact

More than 12 cents of every dollar generated and one job in 10 are attributed to the agriculture, forestry and fisheries industries in the five-state region of the northwest – Alaska, Idaho, Montana, Oregon and Washington. This comes from a study recently commissioned by Northwest Farm Credit Services and conducted by Oregon State University Extension Service Rural Studies Program and the University of Idaho Extension Service. “Farm Credit has been supporting northwest agriculture and forestry producers for a century, and fisheries since the ’70s,” said Phil DiPofi, Northwest FCS president and CEO. “We knew intuitively how vital these industries are to the northwest, and wanted to quantify their contributions to the regional economy. This study affirms the significant impact producers have on the financial strength of our region.” The study concludes that the total economic impact of the ag, forestry and fisheries segments comprise more than 885,900 jobs and nearly $176.1 billion in sales. Of this impact, 68.2 percent comes from agriculture, representing 7.5 percent of all jobs in the region and 8.3 percent of total sales. Forestry follows at 23.8 percent of the impact, with 2.3 percent of all jobs and 2.9 percent of total sales in the region; and fisheries at 7.9 percent of the impact represents 0.9 percent of sales and one percent of jobs in the region. Northwest agriculture, forestry and fisheries economic contributions (2015 dollars) The study found the direct, indirect and induced economic effects of northwest agriculture, forestry and fisheries amounted to 85,037 jobs and $11,075,130 in sales in Montana; 64,034 jobs and $8,914,830 in sales in Alaska; 143,611 jobs and $31,790,880 in sales in Idaho; 256,423 jobs and $48,500,446 in sales in Oregon; and 303,321 jobs and $58,815,236 in sales in Washington for a total of 885,951 jobs and $176,050,189 in sales. Exports (either to other countries or other states outside the region) from these segments are worth $67.4 billion.

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