Texas Food & Fiber GSP Calculator
Agriculture's Contributions to Texas Gross State Product
Although the value of production or gross receipts are often used as an
indicator of economic impact, the appropriate measure is the contribution to
the state's Gross State Product, or GSP. GSP is the value that is added
during production, therefore it is often also called "value added."
Value added in this sense refers to the returns to the four factors of
production: land, labor, capital and management.
Use the form on this page to select an agricultural commodity in Texas and press Enter to estimate that agricultural sector's contribution to Texas' statewide gross state state product.
For educational use only. Contact Garen Evans for more information, or click here to return home.