The Importance of Agriculture to Life in Our Communities

Across southeast South Dakota and northwest Iowa, agriculture is more than an industry—it’s a way of life. From the fields that stretch across our countryside to the small towns that support them, farming plays a vital role in shaping the communities we share.

From planting season in the spring to harvest in the fall, agriculture drives local economies, supports families, and sustains the rural lifestyle that so many of us value.

Agriculture Powers Local Economies

Agriculture remains one of the most important economic drivers in both South Dakota and Iowa.

According to the U.S. Department of Agriculture (USDA), agriculture, food, and related industries contribute more than $1.4 trillion to the U.S. economy annually and support over 22 million jobs nationwide.

Closer to home, the impact is just as significant:

• In South Dakota, agriculture and related industries contribute more than $25 billion annually to the state’s economy and support over 115,000 jobs, according to Ag United for South Dakota.
• In Iowa, agriculture generates over $46 billion in agricultural cash receipts annually, making it one of the most productive agricultural states in the nation, according to the USDA Economic Research Service.

These numbers demonstrate that agriculture’s influence goes far beyond the farm gate. When farms succeed, equipment dealers, grain elevators, truckers, agronomists, retailers, and restaurants all benefit. Strong agriculture supports strong communities.

Feeding Communities Here and Around the World

Farmers and ranchers across our region help feed people both locally and globally. According to the American Farm Bureau Federation, today’s American farmer produces enough food to feed more than 165 people each year, compared to just 19 people in 1940.

Crops like corn and soybeans grown across South Dakota and Iowa help supply food, livestock feed, renewable fuels, and countless everyday products. Livestock operations also play a major role in producing high-quality meat and dairy products enjoyed around the world.

While the reach of agriculture is global, its roots remain local. Farms support local grocery stores, processing plants, farmers markets, and agribusinesses that help keep our communities supplied with fresh, reliable food.

Supporting the Character of Rural Communities

Agriculture also helps define the character of rural communities. Events like county fairs, livestock shows, 4-H programs, and FFA activities bring people together and celebrate the traditions that have shaped life in our region for generations.

Many farms in southeast South Dakota and northwest Iowa are family-owned operations passed down through multiple generations. These families serve as stewards of the land while contributing to the social fabric of our communities.

Agriculture doesn’t just produce crops and livestock—it helps preserve open spaces, strengthens community connections, and keeps rural traditions alive.

Agriculture and Community Banking

Community banks have long played a key role in supporting agriculture and rural economies. Farming and livestock operations are unique businesses with seasonal cash flows, equipment investments, and risk factors that require financial partners who understand the industry.

Across the country, community banks provide the majority of agricultural financing. In fact, according to the Independent Community Bankers of America (ICBA) and FDIC data, community banks originate more than 80% of all agricultural loans in the United States.

Because community banks live and work in the same towns as the producers they serve, they often understand the challenges and opportunities of agriculture firsthand. Decisions are made locally, and relationships are built over time.

At Rivers Edge Bank, we’re proud to support the farmers, producers, and agribusinesses that help keep the communities we share thriving. From helping producers invest in equipment to supporting local agribusinesses, agriculture touches many aspects of our regional economy.

If you'd like to learn more, you can explore our ag lending services, business banking solutions, or learn more about our commitment to our communities on our About page. Producers can also explore resources like our crop insurance options designed to help manage risk in an unpredictable industry.

Agriculture by the Numbers

Agriculture’s impact becomes even clearer when you look at a few key statistics:

• 86% of South Dakota’s land is involved in agriculture, according to the South Dakota Department of Agriculture & Natural Resources.
• Nearly 90% of Iowa’s land is used for agriculture, according to the Iowa Department of Agriculture & Land Stewardship.
• The average American farmer now produces enough food to feed more than 165 people each year, compared to just 19 people in 1940.
• South Dakota and Iowa consistently rank among the top producers of corn, soybeans, and livestock in the United States, according to the USDA National Agricultural Statistics Service.

These numbers highlight just how central agriculture is to our region’s economy and identity.

Growing Stronger Communities Together

Agriculture has shaped the culture, economy, and identity of communities across southeast South Dakota and northwest Iowa for generations. Supporting agriculture doesn’t just happen in the field—it happens when neighbors support neighbors. Shopping locally, working with local businesses, and choosing locally owned financial institutions all help strengthen rural communities.

Rivers Edge Bank is proud to be part of that story in all our communities. Whether it’s helping producers invest in their operations, supporting agribusinesses through business banking services, or offering financial tools that help families plan for the future, our goal is to help the communities we serve continue to grow and thrive.

If you’re interested in learning more about ag lending, crop insurance options, or the benefits of banking locally, we invite you to explore our website or contact our team to start a conversation.

Together, we can help keep our ag communities strong for generations to come.