Montana
State Quick Facts
Population
1,132,812
Total State GDP
$67,071,900,000
State Land Area (Acres)
93,149,440
Land in Forest (Acres)
26,311,251
Land in Forest
28%
Land in Farms (Acres)
57,600,000
Land in Farms
62%
Number of Farms
24,300
Average Farm Size (acres)
2,370
Farm Real Estate Value (per acre)
$4,240
Agricultural Cash Receipts
$4,582,662,000
Cash Receipts from Crops
$2,608,198,000
Cash Receipts from Animals
$1,974,464,000
Top Ag. Commodities
Cattle and Calves
$1,663,603,000
Wheat
$1,301,252,000
Hay
$556,495,000
Barley
$226,520,000
Lentils
$132,855,000
Top Ag. Exports
Wheat
$687,954,194
Beef and Veal
$219,028,042
Other Plant Products
$107,925,937
Feeds and Other Feed Grains
$100,431,117
Grain Products, Processed
$73,652,825
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Montana Economic Contribution and Impact Research
In 2022, Montana generated around $4.6 billion in agricultural cash receipts with the highest valued commodities being cattle and calves, wheat, and hay. That same year, the value of Montana’s agricultural production and processing industries represented 4.9 percent of total state GDP. Some of the dollars generated by these industries end up being re-spent within the local economy, bringing additional value to the state through “multiplier effects.” Economic impact and contribution studies measure these effects, which can be broken down into direct, indirect, and induced economic effects.
Websites, reports, fact sheets, and articles related to the economic impacts and contributions of Montana’s food, fiber, and forest industries can be found below.
Websites:
Information related to Montana’s food, fiber, and forest industries can be found by visiting the following website(s):
Contribution and Impact Research Documents:
The following are current and historical studies, fact sheets, and articles related to Montana’s food, fiber, and forest industries. These can be viewed and/or downloaded by clicking the images or links below:
*At present, there is no universally agreed upon standard methodology for producing economic impact or economic contribution reports. Please exercise caution when viewing and comparing reports as each may vary significantly in terms of source data and analysis and reporting methodology.