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CEAT Supports Family Farms by Lowering Tire Operating Costs
Wed, 19 Mar 2025 | PRODUCTS
Family farms play a crucial role in America's agriculture and economy. According to the U.S. Department of Agriculture (USDA), over 98% of all U.S. farms are family-owned or family-operated.
Regrettably, family farms are under a lot of pressure this year with lingering low commodity prices and punishing costs on inputs such as fertilizer. That’s why the mission of CEAT Specialty Tires is so critical – provide family farmers with high technology tires at more affordable pricing. It’s a win-win when farmers can lower their tire operating costs with the CEAT combination of low acquisition price with long tread life.
Here's some other compelling statistics on family farms:
$134 Billion in Economic Activity: Family farms contribute approximately $134 billion to the U.S. economy annually. They provide not just food, but also economic stability to local and national economies.
Farm and Food Sectors Support 22 Million Jobs: The USDA reports that farming and food-related industries support over 22 million jobs across the country, with a significant number of these jobs linked to family-owned farms.
75% of U.S. Agricultural Production: Family farms produce about 75% of the country's agricultural products, including crops such as corn, soybeans, wheat, and vegetables, as well as livestock like cattle, hogs, and poultry.
Supporting Local Economies: Family farms are often the economic backbone of rural communities. The USDA estimates that these farms make up 60% of rural employment, helping maintain local infrastructure, schools, and services.
Exports of Agricultural Products: Family farms are integral to U.S. agricultural exports. In 2020, agricultural exports reached nearly $151 billion, with family farms producing much of this export volume, especially in crops like soybeans, wheat, and corn.
Income Stability: Family farms provide an essential income source for millions of families across the nation. In many cases, the income generated from farming is often supplemented with off-farm jobs, making family farms an essential part of both rural and national economic structures.
CEAT Specialty Tires will continue its investments in R&D and quality manufacturing to lend a helping hand to North American farmers by lowering their tire operating costs.
