What country is #1 in agriculture?
Of the major cereal and vegetable crops, the United States, China, India, and Russia are the top producers. The United States is the top exporter of agricultural products with $118.3 billion in exports as of 2019.
How much of New Zealand is agriculture?
The agriculture, forestry and fisheries sector directly contributed $12.653 billion (or 5.1%) of the national GDP in the 12 months to September 2020, and employed 143,000 people, 5.9% of New Zealand’s workforce, as of the 2018 census.
How much of New Zealand agriculture is exported?
New Zealand’s economy is dependent on agricultural and horticultural exports. An estimated 85-90% of New Zealand’s dairy, meat, fruit, and vegetable production is exported.
Is New Zealand good for agriculture?
New Zealand’s fertile soil is great for growing fruit and vegetables. We grow stone fruit like peaches, nectarines, plums, apricots and cherries in the Hawke’s Bay and Otago regions, while apples and pears grow well in the Hawke’s Bay and Tasman district.
Is farming profitable in NZ?
Operating profit for the agriculture, forestry, and fishing industries combined increased $1.0 billion (up 22.1 percent) to $5.6 billion in the 2018 financial year, Stats NZ said today….Agriculture profits grow.
| Financial year | Operating profit $ |
|---|---|
| 2018 | 5,562,000,000 |
What percentage of NZ economy is farming?
Agriculture is a major industry in New Zealand, contributing approximately 5% ($10.6 billion) to the country’s Gross Domestic Product (GDP).
Are NZ farmers rich?
Farmers, we are in the land business. It may not seem like it, but most New Zealand farmers are wealthy or potentially so, particularly if you compare them with their cousins in town.
What does New Zealand export to USA?
The foundation of New Zealand’s economy is exporting agricultural commodities such as dairy products, meat, forest products, fruit and vegetables, and wine. Dairy is the lead export commodity. In 2020, New Zealand exports to the U.S. totaled US$4.2 billion, approximately 10% of New Zealand’s total exports.
Why is farming so important to New Zealand?
The farming sector produces a vast number horticultural, dairy, and meat products which are consumed locally as well as overseas. New Zealand is one of the world’s largest exporters of dairy products and sheep meat. The agriculture industry also provides job opportunities for thousands of New Zealanders.
Are there any billionaire farmers?
Self-made billionaire Qin Yinglin is the world’s richest farmer with a $22bn (£17.82bn) personal fortune.