Center for Agricultural and Rural Development
Center for Agricultural and Rural Development

Farm Cash Receipts Expected Impact on the Iowa Economy: 2026

May 2026 [26-PB 53]
Authors:
  • John M. Crespi
  • Alejandro Plastina

Suggested citation

Crespi, J.M. and A. Plastina. 2026. “Farm Cash Receipts Expected Impact on the Iowa Economy: 2026.” Policy brief 26-PB 53. Center for Agricultural and Rural Development, Iowa State University.

Summary

We use estimates of 2026 farm cash receipts in order to project statewide economic impacts. Cash receipts of $38.5 billion supports a total of 175,000 jobs in the Iowa economy, generates an additional outlay of $13.5 billion along the supply chains and creates another $6.1 billion of induced spending. This represents a dollar multiplier of 1.5 from every dollar of agricultural spending. The total addition to state GDP is expected to be $24.7 billion in 2026 and overall, the sales of farm goods are expected to be a source of $3.7 billion in (local, state and federal) government receipts in 2026.