Data from the Bureau of Economic Analysis’ Value Added by Industry series, recently released by USDA’s Economic Research Service, indicates that – on a broad level – agriculture contributed a record-high $1.05 trillion to U.S. gross domestic product in 2016, up $35 billion, or 6 percent, from the prior year. U.S. GDP in 2016 was $18.6 trillion, thus agriculture’s contribution represented 5.7 percent of the U.S. economy. However, as a direct result of falling commodity prices, in 2016, the contribution of farm production to U.S. GDP fell to $136.7 billion, down 6 percent from 2015, and the lowest level since...