AEM Provides Economic Footprint of Agriculture Equipment Industry In-Depth Analysis of Agriculture Industry Impact on American Economy
WASHINGTON, April 3, 2014 /PRNewswire-USNewswire/ -- The important contribution of U.S. agriculture equipment manufacturing to the health of the nation's economy is demonstrated in a new economic paper produced by the Association of Equipment Manufacturers (AEM).
In an in-depth analysis of the economic footprint of the agriculture equipment industry, the paper quantifies the many-sided economic impacts of the manufacturing, distribution, and use of agriculture equipment and machinery. Including that in 2011, 78,200 people were directly employed in U.S. farm equipment manufacturing and the total economic footprint of the agricultural industry – including upstream and downstream industries – came in at $51 billion.
"The purpose of this white paper is to provide a better look at the agriculture equipment industry's effect on U.S. workers and our economy as a whole, with an eye toward better arming our policy makers in Washington with the information they need to make sound policy decisions that impact this critical sector," said AEM President Dennis Slater. "By measuring vital information such as the agriculture industry's ability to bounce back from the 'Great Recession,' direct and indirect employment and economic scope, we are able to better understand how we can grow jobs and keep this industry strong for generations to come," Slater continued. "This kind of information is vital to accurately assessing the potential long-term consequences of decisions being weighed as we are debating issues such as the renewable fuels standard and international trade agreements that directly impact the future of American agriculture."
To view the Top Ten Takeaways and the full Report, click here.
To arrange an interview with AEM President Dennis Slater or other AEM representatives, please contact Sara Sendek at firstname.lastname@example.org
About the Association of Equipment Manufacturers (AEM) - www.aem.org
AEM is the North American-based international trade group providing innovative business development resources to advance the off-road equipment manufacturing industry in the global marketplace. AEM membership comprises more than 900 companies and more than 200 product lines in the agriculture, construction, forestry, mining and utility sectors worldwide. AEM is headquartered in Milwaukee, Wisconsin, with offices in the world capitals of Washington, D.C.: Ottawa, Canada; and Beijing, China.
Sara Sendek, AEM
SOURCE Association of Equipment Manufacturers (AEM)