Presentation is loading. Please wait.

Presentation is loading. Please wait.

2014 Economic Analysis of Animal Agriculture

Similar presentations


Presentation on theme: "2014 Economic Analysis of Animal Agriculture"— Presentation transcript:

1 2014 Economic Analysis of Animal Agriculture
United Soybean Board

2 Objectives Economic impact of animal agriculture to local (state) economies from Soybean Meal (SBM) usage by animal species during the 2013/2014 soybean marketing year Animal Unit (AU) trends from

3 “Output” refers to the total value of all the output (production or sales) of a study area and/or industry within a study area and was calculated using RIMS II multipliers. This is a gross number that does not make any deductions for the cost or origination of inputs that were used in the production process. The chart illustrates the impact of animal agriculture to the New Mexico economy. Animal agriculture’s impact on New Mexico total economic output is about $5.7 billion.

4 Animal agriculture is very important to the economy of all states across the U.S. In terms of output, animal agriculture helped generate $43 billion in Texas alone for Other states where animal agriculture is a major contributor to the state’s economy include Iowa, California, Nebraska and North Carolina.

5 The vast majority of the United States saw increases in the percent change of output supported by animal agriculture during the time period. States with exceptionally large increases include Iowa, Idaho and Michigan.

6 “Jobs” represents an estimate of the number of full or part-time positions (jobs) currently filled in an area and/or industry. The chart illustrates the contribution to New Mexico in terms of animal agriculture jobs. As shown, animal agriculture contributes significantly to New Mexico total jobs, contributing 27,992 jobs within and outside of animal agriculture.

7 In terms of employment in 2014, animal agriculture supported 287,445 jobs in Texas, 145,500 in Wisconsin, 128,621 in Iowa, and 124,322 in California. In states where the sector is robust, animal agriculture supports 75,000 jobs or more every year.

8 Many states saw major job gains supported by animal agriculture in the time period. Over the past decade, animal agriculture generated job gains of between percent in about half of the 50 states.

9 Earnings includes wages and salaries plus proprietors’ income, which is the net earnings of sole-proprietors and partnerships. The chart illustrates the impact of animal agriculture to the New Mexico economy in terms of earnings. New Mexico’s animal agriculture contributed about $979.7 million to household earnings in 2014.

10 Earnings are an important component of a local economy since they allow households to invest capital and spend currency that trades hands many times, generating additional economic activity. Animal agriculture helped generate nearly $8 billion in earnings in the state of Texas alone in Many other states rely heavily on animal agriculture in terms of earnings such as California, Iowa, Wisconsin, Minnesota and more.

11 States where animal agriculture increased earnings by 70 percent or more over the past decade include Iowa, Idaho, and Michigan. Many states, including Wisconsin, Ohio, Missouri, Nebraska, Nevada and Washington saw increases at or above 50 percent during

12 New Mexico Animal Agriculture Multipliers
Multipliers are generally stated in the form of “per million dollars” of output. As it relates to this analysis, multipliers are stated as the activity related to every million dollars of economic output in animal agriculture. Referring to the multipliers shown, for every million dollars in output generated by the various segments of animal agriculture in New Mexico, $1.651 to $2.593 million in total economic activity, $0.282 to $0.423 in household wages and 8 to 12 additional jobs are generated in the economy at large.

13 New Mexico’s animal agriculture is also a significant source of tax revenue. In 2014, the state’s animal agriculture industry paid about $247.2 million in income taxes at local, state, and federal levels. Plus the 2012 Census of Agriculture estimated $36.2 million in property taxes paid by all of New Mexico agriculture during Estimates of income taxes paid by animal agriculture are shown in the chart.

14 Aside from the large amounts of economic activity derived from animal agriculture across the country, animal agriculture plays an important part in supporting local, state and federal taxing jurisdictions. A direct relationship to the size and scope of animal agriculture yields significant tax payments in states such as Texas, California, Iowa, Wisconsin, and North Carolina. Numerous other states paid estimated taxes greater than $750 million during 2014.

15 Income taxes paid at the local, state, and federal jurisdictions increased substantially over the last decade. States such as Idaho, Michigan, Iowa, and Nevada were among top states for growth in estimated income tax payments.

16 New Mexico’s animal agriculture consumed almost 61
New Mexico’s animal agriculture consumed almost 61.0 thousand tons of soybean meal in 2014, placing the state as #37 in the nation in terms of soybean meal consumption. The three segments of animal agriculture that led the state in estimated soybean meal consumption are: Dairy Cows (41.3 thousand tons) Beef Cows (9.0 thousand tons) Companion Animals (4.4 thousand tons)

17 Due to the large number of animal units, Iowa is a clear leader in soybean meal usage. Other heavy users of soybean meal include North Carolina, Georgia, Arkansas, Alabama, Minnesota and Texas.

18 Georgia’s broiler chickens consumed nearly 1
Georgia’s broiler chickens consumed nearly 1.9 million tons of soybean meal in Other states that use significant amounts of soybean meal in their broiler diets include Alabama, Arkansas, Mississippi and North Carolina.

19 In 2014, Iowa’s laying hens consumed over 368,000 tons of soybean meal
In 2014, Iowa’s laying hens consumed over 368,000 tons of soybean meal. Other top states for soybean meal consumption by laying hens include Indiana, Ohio and Pennsylvania.

20 In 2014, Minnesota was the leading state in turkey production and the state’s turkeys consumed about 386,000 tons of soybean meal. Turkeys in Arkansas, North Carolina and Missouri also consumed large amounts of soybean meal.

21 Iowa leads the nation in hog production and the state’s hogs consumed about 2.3 million tons of soybean meal in Hogs in Minnesota, North Carolina and Illinois consumed large amounts of soybean meal too.

22 Wisconsin’s dairy cows consumed nearly 486,000 tons of soybean meal in Dairy cows in Michigan, California and New York also consumed a large amount of soybean meal.

23 Nebraska’s beef cows consumed over 334,000 tons of soybean meal in Beef cows in Iowa, Kansas and Texas also consumed over 100,000 tons of soybean meal each.

24 Companion animals includes dogs, cats and horses.
California was the leading state in soybean meal usage for companion animals with about 38,000 tons in Texas and Florida also contributed significant amounts with 23,900 and 34,900 tons, respectively.

25 Mississippi and Alabama consumed the majority of soybean meal in the aquaculture category. This study includes catfish, trout, tilapia, hybrid striped bass and shrimp in estimates for aquaculture consumption of soybean meal.

26 Many states across the West and Midwest used about 1,000 to 2,000 tons of soybean meal for sheep production in 2014.

27 Texas had the most soybean meal usage in meat goats with about 71 tons
Texas had the most soybean meal usage in meat goats with about 71 tons. Overall, soybean meal usage for meat goats is minimal in most states across the U.S.

28 The use of animal units allows for a more accurate comparison of differing sizes of livestock and poultry. 2011 was a record year for animal production in New Mexico with 2, thousand AUs was a record low animal production with 1,347.8 thousand decreasing 22% year-over-year.

29 The total animal units map below represents the combined total of all animal units for all species by state. As you can see, Iowa leads the way with over 10 million animal units. Texas and Nebraska follow with 9.46 and 8.45 million total AUs.

30 Total animal unit numbers across much of the Midwest have seen steady increases from 2004 to 2014, however many states across the southern part of the U.S. saw declines in total animal units over this time frame. The drought that began in 2011 across Texas and nearby states forced many cattle producers to downsize their herd, sending some cattle production further north.

31 Broiler chickens are raised specifically for meat production.
Broiler production represented 0.7% (9,761 broiler AUs) of all AUs in the state in Broiler production has declined 43.2% from the beginning of the decade.

32 This chart shows that U. S
This chart shows that U.S. broiler chickens are heavily concentrated in the southeastern states like Georgia, Alabama, and North Carolina. Around 15.5% of the nation’s broiler chickens were in Georgia, which is nearly 4 million broiler animal units in the state.

33 This map shows that many states across the West and Midwest saw a decrease in broiler animal units from 2004 to 2014, but it is important to remember that these states do not have many broilers. States that have high broiler numbers like Georgia and Alabama saw relatively small percentage increases in animal units from 2004 to 2014, even though in real terms the increases were pretty big. However, another state where the broiler sector is relatively large, North Carolina, increased by 13.4%.

34 Laying hens are used for egg production.
Less than a 0.24% (3,232 layer AUs) of animal production was layer production in The decline in layer production from 2004 to 2014 was about 30%.

35 There are almost 240,000 laying hen animal units in Iowa which is about 16% of the U.S. total. Other top states for layers include Ohio, Indiana, and Pennsylvania. The avian influenza outbreak of spring 2015 had a large impact on states heavy in egg production, particularly Iowa. It is not considered in this year’s report, but it will impact next year’s study.

36 From 2004 to 2014, Iowa saw a 24.8% increase in laying hen animal units. States like Arizona, Washington and Maine also saw large percentage increases, but in real terms those numbers are relatively small.

37 Turkey production sunk 30% during the decade to 4,722 turkey AUs in 2014.

38 Minnesota had the highest turkey animal units at 682,280, which was about 19% of the U.S. total turkey animal units. Other top states include Arkansas, North Carolina, Missouri and Virginia. The avian influenza outbreak of spring 2015 had a large impact on states heavy in turkey production, particularly Minnesota. It is not considered in this year’s report, but it will impact next year’s study.

39 New York, North Dakota and Utah saw very large percentage increases in turkey animal units, but they only account for a small portion of the U.S. total. Indiana, which is the fourth highest in turkey animal units, saw a 42.8% increase from 2004 to 2014.

40 Hog production is the smallest animal enterprise in New Mexico with only 495 AUs in 2014.

41 Iowa, Minnesota and North Carolina were states that housed the most hog animal units with about 6.6, 2.6, and 2.3 million, respectively. Iowa accounts for nearly 30% of the nation’s hog animal units.

42 Iowa, the leading state in hog production, saw a 47
Iowa, the leading state in hog production, saw a 47.9% increase from 2004 to 2014 in animal units. North Carolina, which has the second highest amount of hog animal units as of 2014 saw a 17.8% decrease from 2004 to 2014.

43 Dairy cow production is the second largest animal production in New Mexico with an average of 459,073 throughout the decade.

44 California and Wisconsin are clear leaders in dairy cows, with nearly 2.5 and 1.8 million animal units, respectively. The dairy industry continues to adapt as the demand for dairy products increase. Prolonged drought in California has caused dairy cows to move to other states such as Idaho, Wisconsin, and Michigan where forage supplies are more consistently available.

45 California which had the highest amount of dairy cow animal units, saw a 4.7% increase from 2004 to Wisconsin, which is also known for their large dairy cow population only saw a 2.0% increase over that time frame. Idaho increased their dairy cow animal units by 37.1% from 2004 to 2014 to help it become one of the top states.

46 2014 was a record low beef cow production with 877,425 beef cow AUs
2014 was a record low beef cow production with 877,425 beef cow AUs had a record high beef cow production with 1,725.2 thousand AUs.

47 Nebraska, Texas, and Kansas are the states that lead the way in beef cow animal units, with 7.2, 6.6, and 5.3 million animal units, respectively. Iowa, Oklahoma, California, and Colorado also exceed 2 million animal units of beef cows.

48 Nebraska saw a 9.7% increase in beef cow animal units from 2004 to 2014, while Texas saw a 28.7% decline. California, Iowa and South Dakota also steady increases over this time frame. Extremely dry periods during had a significant impact on movement of cattle from states such as Texas and Kansas to Nebraska, South Dakota, and Iowa.


Download ppt "2014 Economic Analysis of Animal Agriculture"

Similar presentations


Ads by Google