Report: Animal Ag Means $8B for Minnesota
Animal agriculture provides almost $8 billion in annual “total direct economic value” to Minnesota.
That's according to statistics released earlier this week by the Minnesota Agri-Growth Council, which said that the industry is directly responsible for about 35,000 jobs, and it indirectly supports “many thousands more.”
The council released its findings in conjunction with Minnesota Agriculture Week, an effort to raise awareness of the importance of agriculture in the state.
The statistics come from a forthcoming Livestock Industry Benchmarking Report, which was completed through a partnership with the University of Minnesota.
It found that today, animal agriculture provides about $3 billion more in annual economic value to the state than it did in 2003, when the last study was conducted.
Since 2003, pork production has experienced the greatest growth in annual economic impact-nearly doubling its value to $2.35 billion. During the same period, the economic impact of turkey production has grown from $507 million to $807 million, and dairy production has grown by more than $27 million to $3.27 billion, according to the council.
Krystal Caron, communications director for the council, said that more details regarding the study's methodology will be released soon, along with the report in its entirety. She said that the total economic impact figures take into account value added through things like feed manufacturing and animal processing, as well as any related employment.