The Economic Impact of Michigan's Food and Agriculture Sector
A Michigan State University (MSU
) study on The Economic Impact of Michigan's Food and Agriculture Sector
shows that the industry contributes an estimated $91.4 billion to Michigan's economy. That's an increase of more than 50 percent between 2004 and 2010. The study was conducted by the MSU
Product Center Food-Ag-Bio. Economists used the latest available data and applied multipliers from IMPLAN
to determine indirect and induced effects of the sector -- common standards used by other business sectors.