September 9, 2018
A new report from the University of Florida Institute of Food and Agricultural Sciences (UF/IFAS) reveals some good news about the state’s economy.
From 2007 to 2016, the portion of Florida’s Gross State Product (GSP) generated by agriculture, natural resources and food-related enterprises grew at a faster rate than the state’s total GSP, a statistic commonly used as a gauge of economic strength.
The positive growth indicates that Florida’s agricultural sector is strong and its contributions to keep the state’s economy steady.
Florida’s overall GSP rose by about 17.6 percent from 2007 to 2016. However, during the same time period there was a 28.6 percent increase for agriculture, natural resources and food industries.
The report is available online at https://tinyurl.com/yaadl3zw.