Agricultural Industry Profile

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Presentation transcript:

Agricultural Industry Profile 7/3/2018 Agricultural Industry Profile for Queen Anne’s County, Maryland Queen Anne's County, Md.

Poultry, Soybeans and Corn Top Agricultural Products 7/3/2018 Poultry, Soybeans and Corn Top Agricultural Products 1997 Source: United States Census of Agriculture, 1982, 1987, 1992, 1997. Queen Anne's County, Md.

7/3/2018 Agricultural Product Sales Declined Then Rebounded to Reach $69 Million Million Source: United States Census of Agriculture, 1982, 1987, 1992, 1997. Queen Anne's County, Md.

Number of Farms Decreased 14% 7/3/2018 Number of Farms Decreased 14% While Average Size of Farms Increased 17% Source: United States Census of Agriculture, 1982, 1987, 1992, 1997. Queen Anne's County, Md.

7/3/2018 Farms 10-49 Acres Increased by 7%; Farms >1,000 Acres Increased by 54%; All Others Decreased Source: United States Census of Agriculture, 1982, 1987, 1992, 1997. Queen Anne's County, Md.

Number of Farm Operators Decreased 7/3/2018 Number of Farm Operators Decreased -13% -17% Source: United States Census of Agriculture, 1982, 1987, 1992, 1997. Queen Anne's County, Md.

Net Cash Returns Flat While Production Expenses Rose 7/3/2018 Net Cash Returns Flat While Production Expenses Rose Source: United States Census of Agriculture, 1982, 1987, 1992, 1997. Queen Anne's County, Md.

7/3/2018 Farms Selling $10,000-$99,000 Decreased 39%; While Farms Selling >$100,000 Increased 19% +19% -39% -9% Source: United States Census of Agriculture, 1982, 1987, 1992, 1997. Queen Anne's County, Md.

Farmland Protected by Conservation Easements Topped 18,000 Acres 7/3/2018 Farmland Protected by Conservation Easements Topped 18,000 Acres Source: Maryland Department of Agriculture, Agricultural Land Preservation Foundation, Annual Report, 1995, 1996, 1997, 1998, 1999, 2000, 2001. Queen Anne's County, Md.

Agricultural Service Firms Increased; Food Processing Firms Decreased 7/3/2018 Agricultural Service Firms Increased; Food Processing Firms Decreased . *Agricultural services consist of crop services, veterinary services, other animal services, and landscape and horticultural services. *Food processing firms include food and kindred manufacturing, including meat products (meat packing plants and poultry slaughtering and processing), preserved fruit and vegetables, grain mill products, prepared foods, bakery products, sugar and confectionary products, and miscellaneous food and kindred products. Source: United States Bureau of the Census, County Business Patterns, 1982, 1987, 1992, 1997. Queen Anne's County, Md.

Farm Employment Decreased 7/3/2018 Farm Employment Decreased -23% *Food processing businesses include food and kindred products manufacturing, including meat products (meat packing plants and poultry slaughtering and processing), preserved fruits and vegetables, grain mill products, prepared foods, bakery products, sugar and confectionary products, and miscellaneous food and kindred products. Source: Regional Economic Information System, 1982, 1997, 1992, 1997. Queen Anne's County, Md.

Agricultural Industry Output $66 Million in 1999 7/3/2018 Agricultural Industry Output $66 Million in 1999 Source: 1999 IMPLAN Multiplier Reports. Minnesota IMPLAN Group, Inc. Stillwater, Minn. Queen Anne's County, Md.

Total Economic Impacts Included $86 Million in Output Impacts and 7/3/2018 Total Economic Impacts Included $86 Million in Output Impacts and $34 Million in Value-Added Impacts Million Total output impacts include direct, indirect and induced output effects: Direct output is total industry production for a given year. It is equal to shipments plus net additions to inventory. Indirect output effects describe the interaction of local industries purchasing from local industries. Induced output effects are the interaction of institutions—typically household spending. Total value-added impacts include proprietors income, employee compensation, other property income, and indirect business taxes, as well as the additional amount that is generated through the indirect and induced value-added effects. 1999 Source: 1999 IMPLAN Multiplier Reports. Minnesota IMPLAN Group, Inc. Stillwater, Minn. Queen Anne's County, Md.

$13 Million in 1999, with 710 People Employed 7/3/2018 Agricultural Employment Income Reached $13 Million in 1999, with 710 People Employed Source: 1999 IMPLAN Multiplier Reports. Minnesota IMPLAN Group, Inc. Stillwater, Minn. Queen Anne's County, Md.

Agriculture and Resource-Based Industries Accounted for 14% of Local Economy Source: 1999 IMPLAN Multiplier Reports. Minnesota IMPLAN Group, Inc. Stillwater, Minn. Queen Anne's County, Md.