Northeast Agriculture: The Overlooked Economic Engine
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Farm Credit East recently
supported an independent
study by Dr. Rigoberto Lopez
of the University of Connecticut
(see page 25 for full profile) to quantitatively estimate the
multiplier impact of Northeast agricultural production on the larger
economy. This report presents those findings as an instructional
resource for government, economic development agencies and our
nonfarm neighbors to truly appreciate the economic and community
benefits of successful, profitable agricultural producers.
The purpose of this report is to ascertain and document the
importance of agriculture and related industries to the Northeast
economy. Natural resource-based businesses like farming, fishing
and forestry have been important to the region since colonial times,
when they formed the backbone of the economy. Today, while the
economy and society have changed a great deal, agriculture remains
vital to the region.