In 2020, Montana generated around $3.7 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.
What does Montana contribute to the US?
Agriculture in Montana depends on Exports
| 2017 Value | 2017 State Rank | |
|---|---|---|
| wheat | $565 million | 3 |
| beef and veal | $161 million | 13 |
| grain products, processed | $90 million | 15 |
| feeds and other feed grains | $85 million | 19 |
What is Montana known for economically?
Montana’s economy is dominated by the primary sector—agriculture, forestry, mining, and energy production—and by services. About one-third of the state’s workforce is employed in the service sector. The outdoor recreation industry has become important, and some high-technology industries have come to the state.
What is Montana’s biggest economy?
Montana’s economy is dominated by agriculture, mining, healthcare, forestry, service, and energy production. The service industry employs about a third of the workforce. The manufacturing sector accounts for about 7% of the GDP, but agriculture, real estate, and mining make up for the shortfall.
Is Montana considered a poor state?
According to the American Fact Finder 2012, the poverty level of Montana is 15.5% of the population with an estimated 152,199 people in the state living below the poverty threshold.
Does Montana have a strong economy?
Montana has the 8th fastest GDP growth among states over both the last five years and ten years (ending in 2013), and Montana’s GDP growth was faster than the U.S. average in every year since 2000, except for 2012.
Is Montana’s economy good?
HELENA, Mont. – Governor Greg Gianforte today announced Montana’s economy grew an inflation-adjusted 6.7% in 2021, the seventh largest rate of growth in the country. It also marks the sharpest rate growth in Montana in more than 40 years.
What does Montana produce the most of?
Producing a wide range of commodities, wheat and beef top Montana’s list. However, you’ll also find sweet cherries, sugar beets, seed potatoes and hay, to name a few. Montana is a national leader in the production of certified organic wheat, dry peas, lentils and flax, and ranks No.
What is Montana source income?
In general, all income from work performed in the state, real or personal property located in the state, and business conducted in the state is Montana source income.
Why is Montana so sparsely populated?
Historically, Montana was settled by homesteaders on large tracts of land that were divided among families. This population spread contributes to the low density of people here as well as the main economic activity, agriculture. Huge swaths of land are needed to cultivate cereal grain and raise cattle.
What is the number 1 industry in Montana?
Montana’s industry with the highest average annual wage is Mining, followed by Financial Activities and Construction.
How wealthy is Montana?
Table
| Rank by number of billionaires (9/15/20) | State or federal district | Billionaires’ real-time cumul. worth $M (9/15/20) |
|---|---|---|
| 20 | Oklahoma | 30,291 |
| 23 | Arkansas | 137,263 |
| 27 | Indiana | 16,202 |
| 25 | Montana | 13,753 |
Who is a famous person from Montana?
Actors
| Name | Lifetime | Montana connection |
|---|---|---|
| Scott Michael Campbell | 1971–present | Born in Missoula |
| Dana Carvey | 1955–present | Born in Missoula |
| Gary Cooper | 1901–1961 | Born and raised on a ranch near Helena |
| Walter Coy | 1909–1974 | Born in Great Falls |
What is the richest US state?
These Are the 10 Richest States in the U.S.
- Maryland. John GreimGetty Images.
- Massachusetts. Boston GlobeGetty Images.
- New Jersey. John MooreGetty Images.
- Hawaii. Mark BosterGetty Images.
- California. George RoseGetty Images.
- Connecticut. Brooks KraftGetty Images.
- Washington. Dan Callister/Getty Images.
- New Hampshire.
What is the poorest town in Montana?
North Browning
North Browning tops the list of the poorest cities in Montana with a 45.5% poverty level, the highest rate of poverty in Montana, and a 32.2% unemployment rate, very high for a population of 2,363.
What is America’s poorest state?
Mississippi
Mississippi. Mississippi is the poorest U.S. state, with 18.8% of its residents living in poverty. The state also has the highest child poverty rate, with 27.9% of its under-18 population meeting federal poverty guidelines.
Why does Montana have a low unemployment rate?
“Because of Montanans’ hard work, we’re at our lowest unemployment rate ever, and more Montanans are working than ever before,” Governor Greg Gianforte said. “While Montana’s rapid economic growth has lowered our unemployment rate and driven wage growth, a well-skilled workforce has never been more important.
What is the main industry in Bozeman Montana?
The largest industries in Bozeman, MT are Educational Services (4,529 people), Retail Trade (4,233 people), and Accommodation & Food Services (3,410 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($110,795), Utilities ($75,081), and Finance & Insurance ($58,286).
What is Montana known for?
Montana is known for:
- Yellowstone National Park.
- Bighorn Mountains.
- Wildlife.
- Sapphires.
- Rich deposits of minerals.
Where does Montana rank in education?
Montana Rankings
| Higher Education | #22 |
|---|---|
| Pre-K – 12 | #36 |
Is Montana the best state to live in?
This may come as a surprise to many, but in a recent state ranking for 2021 by U.S. News & World Report, Montana ranked fairly low.