USB report on economic benefits of livestock industry
Friday, October 3, 2008, 3:44 PM
by Julie Harker
The United Soybean Board has released a study on the positive impact of the livestock industry on the economy. Soybean checkoff funds were used to conduct the 50-state analysis. The USB says the livestock industry is its number one customer. The economic analysis, compiled by Promar International, is based on data from 1997 through 2006.
The “Nationwide Economic Impact of Animal Agriculture” report gives a breakdown of each livestock category and state, with estimated soy consumption of each species by state.
The report says nationwide, the animal ag industry employs more than 3.3 million people. USB says it is the first tool to show all in one place the economic benefits of the livestock industry through tax revenues, employment, earnings and output. View the results online at animal ag dot org. Link
Livestock production has an incredible economic impact on this country and this report is a great reminder of that. Agriculture was the foundation on which this country was built. A society can’t grow or become successful if it can’t feed itself. Not only is agriculture an important part of our economy but also our national security.