agriculture.
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.
Contents
What are the top 5 industries in Montana?
Montana’s economy is dominated by agriculture, mining, healthcare, forestry, service, and energy production. The service industry employs about a third of the workforce.
What is Montana known for producing?
Cattle and wheat remain Montana’s largest commodities, and together account for three-fourths of the state’s agricultural cash receipts.Montana also ranks within the top 10 states in production of honey, beef calves, winter wheat, alfalfa hay, garbanzo beans, sheep and lambs, wool and sugar beets.
What’s the largest industry in Montana?
Montana’s largest industries are agriculture (including both crops and livestock), travel and tourism, timber, and mining. Livestock and wildlife actually outnumber the people in Montana; there are three cows for every person in the state!
Does Montana have a good economy?
Montana’s economy has been outperforming the national economy since the turn of the century, including having better performance during the 2007 recession and a faster, stronger economic recovery exiting the recession.Montana has the fifth fastest wage growth among states for both the five and ten year timeframes.
What are 3 major industries in Montana?
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 are the top five commodities in Montana?
Top 5 Commodities
- Wheat.
- Cattle and calves.
- Barley.
- Hay.
- Sugar beets. Top 5 Ag Exports.
What is Montana a major producer of?
Coal and petroleum are Montana’s leading mined products. The state can also be an important source of gold, silver, copper and lead depending on the demand and labor availability. Montana is the leading producer of talc.
What is the main agriculture in Montana?
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’s biggest export?
The state’s largest manufacturing export category is chemicals, which accounted for $311 million of Montana’s total goods exports in 2018.
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 |
How does Montana make its money?
Beyond income taxes, Montana relies on selective sales taxes on items such as tobacco and gasoline for about a fifth of its total tax revenue.It is one of seven states with no income tax, which means it raises most of its money through those regressive sales taxes.
What are some natural resources in Montana?
Montana’s top natural resources were once copper, gold, silver, and sapphires. People still mine for precious rocks and metals here—but now, the one of the state’s most valuable resources is petroleum. The state is also the world’s leading producer of talc, a mineral used in cosmetics.
What are some fun facts about Montana?
Interesting facts about Montana
- The name Montana has a Spanish origin.
- The motto of Montana is “oro y plata” and this means “gold and silver” in Spanish.
- Butte, Montana is called the “richest hill on planet earth”.
- Montana has a very low population density.
- Montana has a large population of grizzly bears.
Is Montana a poor state?
Montana ranks 27th in Poverty Rate at 14.4%(poverty rankings by state). The Poverty Rate of Montana is slightly lower than the national average of 14.6%.
Is Montana considered a poor state?
What is the poverty rate in Montana? 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.
Where does Montana rank in the US?
34th
Data reflect state and local rates and revenues and any effect of federal deductibility. Montana is currently ranked 34th in the United States for its economic outlook.
What is the most common job in Montana?
What Are the Most Popular Jobs in Montana?
- Office and Administrative Support Occupations with 67,620 employed.
- Sales and Related Occupations 49,960 employed.
- Food Preparation and Serving Related Occupation 46,030 employed.
- Healthcare Practitioners and Technical Occupations 29,340 employed.
What is the nickname of Montana?
Big Sky CountryThe Treasure State
What is the number 1 crop in Montana?
wheat
Montana’s primary crop is wheat. In addition to the list below, other crops grown in Montana include apples, canola, potatoes, dry beans, field peas, flax, grapes, garlic, lentils, safflowers, mustard, squash, alfalfa, and many more.
What animals are raised in Montana?
Farm Animals
- Bees.
- Cattle.
- The History of Montana’s Cattle Industry.
- Poultry.
- Ostriches, Emus, and Rheas.
- Horses.
- Sheep.
- Swine.
How much agriculture does Montana produce?
In 2019, Montana generated around $3.6 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 5.2 percent of total state GDP.
