The Most Valuable Agricultural Commodity in Each State
The Most Valuable Agricultural Commodity in Each State
The United States has an incredible amount of geographic diversity.
From the fertile farmland of the Great Plains to the volcanic islands in the Hawaiian archipelago, each state has been dealt a unique geographical hand.
Each geographical setting can be the source of economic opportunities, such as tourism or the development of natural resources. It also partially dictates what kind of agricultural choices are available for farmers and local economies.
A Higher Level Look
Today’s infographic comes to us from HowMuch.net, and it color codes each state based on the most valuable agricultural commodity it produces, based on data from the U.S. Department of Agriculture.
At a big picture level, how does the country break down?
|Most Valuable Agricultural Commodity||Number of States|
|Grains, oilseeds, dry beans, and dry peas||16|
|Poultry and eggs||9|
|Cattle and calves||7|
|Milk from cows||7|
|Nursery, greenhouse, floriculture and sod||4|
|Fruit, tree nuts, and berries||3|
|Vegetables, melons, potatoes and sweet potatoes||2|
|Other crops and hay||1|
Broadly speaking, the category of “Grains, oilseeds, dry beans, and dry peas” is the most valuable agricultural commodity in 16 states, while aquaculture was the most important in only one state, which is Alaska.
It’s interesting that there are niches that end up deriving massive amounts of value in only a few states. For example, the category of “Fruit, tree nuts, and berries” is the biggest in just three states, but California makes $17.6 billion from it every year – more than the size of the entire agricultural sector of some states.
State by State Data
Finally, here’s a look at the data for each state in a sortable table:
|#1||California||Fruit, tree nuts, and berries||$17,638,972,000|
|#2||Iowa||Grains, oilseeds, dry beans, and dry peas||$17,146,679,000|
|#3||Illinois||Grains, oilseeds, dry beans, and dry peas||$13,589,230,000|
|#4||Texas||Cattle and calves||$13,013,127,000|
|#5||Minnesota||Grains, oilseeds, dry beans, and dry peas||$12,304,415,000|
|#6||Nebraska||Grains, oilseeds, dry beans, and dry peas||$10,698,861,000|
|#7||Kansas||Cattle and calves||$10,153,087,000|
|#8||North Dakota||Grains, oilseeds, dry beans, and dry peas||$8,813,348,000|
|#9||Indiana||Grains, oilseeds, dry beans, and dry peas||$7,217,854,000|
|#10||Ohio||Grains, oilseeds, dry beans, and dry peas||$5,834,600,000|
|#11||South Dakota||Grains, oilseeds, dry beans, and dry peas||$5,809,792,000|
|#12||Wisconsin||Milk from cows||$4,952,039,000|
|#13||North Carolina||Poultry and eggs||$4,837,026,000|
|#14||Georgia||Poultry and eggs||$4,773,837,000|
|#15||Colorado||Cattle and calves||$4,321,308,000|
|#16||Arkansas||Grains, oilseeds, dry beans, and dry peas||$4,214,355,000|
|#17||Missouri||Grains, oilseeds, dry beans, and dry peas||$3,922,873,000|
|#18||Alabama||Poultry and eggs||$3,624,852,000|
|#19||Michigan||Grains, oilseeds, dry beans, and dry peas||$3,613,250,000|
|#20||Oklahoma||Cattle and calves||$3,402,919,000|
|#21||Washington||Fruit, tree nuts, and berries||$2,931,370,000|
|#22||Mississippi||Poultry and eggs||$2,744,048,000|
|#23||New York||Milk from cows||$2,417,398,000|
|#24||Idaho||Milk from cows||$2,333,364,000|
|#25||Pennsylvania||Milk from cows||$1,966,892,000|
|#26||Florida||Fruit, tree nuts, and berries||$1,847,805,000|
|#27||Louisiana||Grains, oilseeds, dry beans, and dry peas||$1,832,208,000|
|#28||Montana||Grains, oilseeds, dry beans, and dry peas||$1,787,162,000|
|#29||Kentucky||Grains, oilseeds, dry beans, and dry peas||$1,656,983,000|
|#30||South Carolina||Poultry and eggs||$1,476,817,000|
|#31||Tennessee||Grains, oilseeds, dry beans, and dry peas||$1,301,303,000|
|#32||New Mexico||Milk from cows||$1,251,065,000|
|#33||Virginia||Poultry and eggs||$1,161,564,000|
|#34||Wyoming||Cattle and calves||$1,101,195,000|
|#35||Maryland||Poultry and eggs||$922,999,000|
|#36||Oregon||Cattle and calves||$894,485,000|
|#37||Delaware||Poultry and eggs||$811,301,000|
|#38||Arizona||Vegetables, melons, potatoes and sweet potatoes||$764,062,000|
|#39||Vermont||Milk from cows||$504,884,000|
|#40||New Jersey||Nursery, greenhouse, floriculture and sod||$405,247,000|
|#41||West Virginia||Poultry and eggs||$401,439,000|
|#42||Utah||Cattle and calves||$364,214,000|
|#43||Nevada||Other crops and hay||$280,554,000|
|#44||Connecticut||Nursery, greenhouse, floriculture and sod||$252,923,000|
|#45||Maine||Vegetables, melons, potatoes and sweet potatoes||$207,254,000|
|#46||Hawaii||Grains, oilseeds, dry beans, and dry peas||$152,930,000|
|#47||Massachusetts||Nursery, greenhouse, floriculture and sod||$144,188,000|
|#48||New Hampshire||Milk from cows||$54,798,000|
|#49||Rhode Island||Nursery, greenhouse, floriculture and sod||$32,831,000|
As the legal cannabis industry continues to take off, it’ll be interesting to see if the USDA incorporates that crop into its rankings in future years.
The Fertilizer Market: 4 Things Investors Need to Know in 2023
What factors are impacting the fertilizer market in 2023? Here are four trends driving global fertilizer demand.
4 Things Investors Need to Know About the Fertilizer Market in 2023
Food security is of crucial importance many reasons—from ensuring both political and social stability, to supporting the health of the global economy.
You may be surprised to learn that fertilizer plays a crucial role in food security by enhancing the quantity and quality of harvests. In short, fertilizers can make food more affordable and accessible.
The above infographic sponsored by Brazil Potash digs into four major trends currently impacting the demand of fertilizer. Let’s break them down here.
1. Feeding 10 Billion People by 2050
The world’s population is increasing rapidly and is expected to reach nearly 10 billion by 2050. This growth is particularly strong in developing countries where food security is already strained.
As the population grows, more crops are needed to support global food systems. Increasing crop production is essential and the fertilizer market is a critical ingredient in improving crop yields.
2. Less Farmland
After around 10,000 to 12,000 years of reshaping land for agriculture, the amount of arable land on earth is declining.
Based on the agricultural expansion predicted to take place between 2010 and 2050, an estimated 593 million hectares of agricultural land—nearly twice the size of India—will be needed.
With little room left to grow, fertilizers will take on an increasingly critical role in boosting crop production.
3. The World Needs More Fertilizer
The global fertilizer market was valued at $163.2 billion in 2021 and is expected to reach $203.5 billion by 2027, growing at a CAGR of 3.9% during period of 2022-2027.
As population growth continues to drive demand for increased crop production, investment in fertilizer production is essential to meet this growing demand.
4. The Global Fertilizer Supply Chain
Supply chain disruptions in the fertilizer market puts global food security at risk.
Farmers’ ability to access a consistent and affordable fertilizer supply directly affects crop yields, production, and food prices.
Increasing the supply of domestically produced fertilizer in countries heavily reliant on imports will support low-cost, sustainable, in-market fertilizer for farmers who need it.
Let’s break down the top five fertilizer-exporting countries based on value, according to Statista.
|Country||Value of Fertilizer Exports, 2021|
|🇺🇸 United States||$4.05B|
On the other hand, here are the top five fertilizer-importing countries, based on value from the same source.
|Country||Value of Fertilizer Imports, 2021|
|🇺🇸 United States||$10.29B|
Russia currently dominates the fertilizer market as the largest exporter based on dollar value at approximately $12.49 billion dollars, while Brazil is the largest importer of fertilizer based on an import value of approximately $15.2 billion dollars.
Investing in Brazil
Large agricultural producers that rely heavily on fertilizer imports, such as Brazil, would benefit from a local supply that farmers can easily and affordably access to improve crop production.
Fertilizer company Brazil Potash is engaged in the extraction and processing of local potash ore to increase yields and strengthen crop growth in Brazil.
Interested in learning more? Click here to learn about how you can invest in the fertilizer market with Brazil Potash.
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