Commissioned by the Nature Conservancy, BW Research conducted an economic impact analysis of the Agriculture Improvement Act of 2018 (Farm Bill) and the Inflation Reduction Act (IRA) on jobs, economic output, wages, and tax revenue across the country.
Using economic impact modeling, the analysis evaluates $21.7 million in conservation investments through various programs. Key findings include:
- More than 46,700 jobs supported annually for 10 years, totaling 467,400 job-years. This represents about 21.6 jobs for every million dollars from the federal government.
- About $3.4 billion in annual GDP (Value Added), a return of $1.59 in GDP for each federal dollar invested.
- More than $1.9 billion in annual employee wages for 10 years.
- Nearly $213 million in annual local, state, and federal tax revenue for 10 years.
The study demonstrates how conservation funding can effectively creating long-term economic benefits as well as environmental protection. Download the full report to read more.
