The Economic Importance of Food and Fiber

Transcription

1 The Economic Importance of Food and Fiber A Spotlight on Brantley County, Georgia Prepared for: Brantley County Cooperative Extension July, 26 by: The Center for Agribusiness and Economic Development College of Agricultural and Environmental Sciences The University of Georgia

2 Agriculture in Georgia Georgia's 25 Farm Gate Value was $1.6 billion. Adding the value of landscape services increased the total agricultural production value to $12.3 billion. Total food and fiber production and directly related businesses account for a $52.7 billion output impact on Georgia's $614 billion economy.

3 Production Agriculture: 25 Georgia Total Agricultural Production Value $12.3 Billion Landscape services 14.% Poultry & Eggs 36.7% Other Income 5.4% Fruits & Nuts 2.2% Forestry & Products 5.7% Ornamental Horticulture 7.3% Vegetables 5.2% Livestock & Aquaculture 1.6% Row & Forage Crops 13.% $ - $2 $2 - $45 $45 - $8 $8 - $2 $2 - $ Farm Gate Value by County in Millions of Dollars

4 What We Know about Brantley County 25 Farm Gate Value in Brantley Co. was $25.3 million. Adding $232 thousand of landscape services increased the total agricultural production value to $25.5 million. The highest value commodity group was Forestry, representing 42% of the total agricultural production value.

5 Brantley County 25 Agricultural Production Value Fruits-Nuts 6.3% Orn Hort 1.5% Vegetables.4% 25 Agricultural Production Other 11.% Landscape services.9% Poultry-Eggs 2.8% Row-Forage crops 6.2% Horses 5.1% 25 Top Farm Gate Commodities Tobacco 2.8% Beef Cows 5.3% Hay 1.5% PeanutsGreenhouse 1.4% 1.2% Rest of commodities 4.% Timber 42.% Forestry 42.% Livestock- Aquaculture 11.3% Blueberries 6.2% Deer hunting leases 9.5% Layers-Table eggs 21.% Total AG Value = $25.5 million

6 Trends in Brantley County: Number of Farms & Average Farm Size Number of Farms, Brantley County Average Farm Size R Source: (quinquennial) Censuses of Agriculture Acres Brantley Co. Georgia R

7 Trends in Brantley County: Land in Farms & Farms by Size Acres X 1, Land in Farms Brantley County R 22 Source: (quinquennial) Censuses of Agriculture acres Percent of Farms by Size, 22 Brantley Co. Georgia 1-49 acres acres acres acres 1+ acres

8 Trends in Brantley County Number of Farms by Commodity Beef cows Layers 2+ wks Corn for grain Tobacco Forage Source: (quinquennial) Censuses of Agriculture

9 How Do We Compare? Georgia, Brantley and Surrounding Counties Farm Gate Value $ Per Farm (thousands) $ Per Acre $1,4 $1,2 $1, $8 $6 $4 $2 $ Georgia $985 $215 Brantley $1,386 $1,254 $749 $782 $553 $94 $24 $126 $151 $237 Charlton Pierce Ware Wayne Sources: 22 Census of Agriculture and 25 Farm Gate Value Report

10 What We Did The Center for Agribusiness and Economic Development performed an analysis of the county s economy, focusing on the role of food and fiber.

11 What We Asked County Economy Modeled How much of the county s total current economic output comes from food and fiber production and directly related processing? (A Snapshot of the Economy) What is the total (direct and indirect) Impact of food and fiber production and directly related industries?

12 Agriculture Mining Construction Manufacturing Trans-Utilities-Info Trade Finance-Ins-RE Services Government Brantley County Economy Agriculture OUTPUT Output in $ Millions Total County Economic Output = $279.5 million Percent

13 Brantley County Economy Agriculture + Directly Related Businesses OUTPUT Agriculture + Direct Mining Construction Manufacturing Trans-Utilities-Info Trade Finance-Ins-RE Services Government Output in $ Millions Total County Economic Output = $279.5 million Percent

14 An Economic Snapshot of Brantley County How much of Brantley County s total economic output comes from food and fiber production? AG value alone of $25.5 million consisting of Farm Gate Value and landscape services comprises 9.1% of the county s economy. AG plus directly related businesses (ex. logging, sawmills, etc.) comprise 22.9% of the county s economy.

15 Food and Fiber Production, Processing and Direct Manufacturing as % of Total Output - 1% 1-2% 2-4% 4-6% 6-84% Brantley Co. 22.9%

16 What is the Impact? What is the total (direct and indirect) impact of food and fiber production and directly related industries? This scenario illustrates how other industries are affected by the presence of food and fiber in the county. The indirect impacts measure output created due to food and fiber production and processing in the county.

17 What Impact Means: A Brief Explanation The impact numbers capture the ripple effects that food and fiber create in the county s economy. Many other sectors rely in part on the existence of food and fiber for sales. Labor Seed Utilities

18 Agriculture Mining Construction Manufacturing Trans-Utilities-Info Trade Finance-Ins-RE Services Government Total Brantley County Agriculture IMPACT Direct $ Millions Indirect $ Millions Total Impact of Production AG=$28.16 million--1% of total economy

19 Brantley County Production Agriculture + Directly Related Businesses IMPACT Direct $ Millions Indirect $ Millions Agriculture + Direct Mining. Construction.155 Manufacturing Trans-Utilities-Info 2.94 Trade 1.4 Finance-Ins-RE.237 Services Government 1.7 Total Total Impact of AG + Directly Related=$72.4 million 25.9% of total economy

20 Brantley County Production Agriculture + Directly Related Industries Employment IMPACT Agriculture + Direct Mining Construction Manufacturing Trans-Utilities-Info Trade Finance-Ins-RE Services Government Direct 413 Total Impact of AG + Directly Related Employment = 487 Jobs Indirect

21 What These Numbers Mean: A Brief Explanation Direct economic impact is $64.1 million. This includes food and fiber production, processing and directly related manufacturing. Indirect economic impact from the Trade sector is $1.4 million. This captures the effects of farmers (direct source) buying supplies (seed, fertilizer, work boots) from local stores. These stores must increase their output to meet farmer demand.

22 What These Numbers Mean: A Brief Explanation (continued) As local stores increase their output, they may demand more stock from local wholesalers (also in the Trade sector). Local wholesalers demand more from local manufacturers, thus increasing activity in the Manufacturing sector. Local stores also hire employees to assist farmers. They take home wages and buy groceries at the local store which increases demand there.

23 Brantley County Food and Fiber Impact Conclusions The total economic impact of food and fiber production, processing and direct manufacturing is $72.4 million. The total output is $279.5 million. Thus, food and fiber (directly and indirectly) account for 25.9% of the total output.

24 Food and Fiber Production, Processing and Direct Manufacturing Impact as % of Total Output - 1% 1-2% 2-4% 4-6% 6-1% Brantley Co. 25.9%

25 Contact Information Prepared by: Sue Boatright and Archie Flanders Center for Agribusiness & Economic Development Adding Value to Georgia's Agricultural Economy Through Research and Extension To learn more about your county, go to: on Georgia Statistics System Special County Area Report #6_18A July, 26