The Economic Importance of Food and Fiber
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1 The Economic Importance of Food and Fiber A Spotlight on Wayne County, Georgia Prepared for Wayne County Cooperative Extension August, 2012 by: The Center for Agribusiness and Economic Development College of Agricultural and Environmental Sciences The University of Georgia
2 Trends in Wayne County: Number of Farms Number of Farms, Wayne County Source: (quinquennial) Censuses of Agriculture
3 Trends in Wayne County: Land in Farms, Harvested Cropland & Farms by Size Land in Farms & Harvested Cropland Wayne County Land in farms Harvested cropland Percent of Farms by Size, 2007 Wayne Co. Georgia acres acres acres acres acres acres Source: (quinquennial) Censuses of Agriculture
4 Food and Fiber Production and Directly Related Manufacturing as % of Total Economic Output 0-10% 11-20% 21-30% 31-50% 51 77%
5 Agriculture in Georgia Georgia's 2010 Farm Gate Value was $12.0 billion. Adding the value of $2.2 billion of landscape services increased the total agricultural production value to $14.2 billion. Total food and fiber production and directly related businesses account for a $68.9 billion output impact on Georgia's $719.8 billion economy.
6 Production Agriculture: 2010 Georgia Total Agricultural Production Value $14.2 Billion $0 - $20 $20 - $45 $45 - $80 $80 - $200 $200 - $ Farm Gate Value by County in Millions of Dollars Dade Walker Chattooga Catoosa Floyd Polk Haralson Carroll Heard Whitfield Troup Quitman Gordon Bartow Paulding Harris Murray Douglas Muscogee Clay Coweta Stewart Early Seminole Cobb Meriwether Chattahoochee Randolph Miller Calhoun Gilmer Pickens Cherokee Fayette Talbot Marion Webster Decatur Fulton Fannin DeKalb Spalding Pike Terrell Baker Clayton Upson Taylor Schley Dawson Forsyth Henry Lamar Sumter Lee Dougherty Mitchell Grady Union Lumpkin Gwinnett Rockdale Butts Hall Newton Monroe Crawford Macon Peach Towns White Barrow Walton Dooly Worth Thomas Jasper Bibb Houston Crisp Colquitt Banks Jackson Rabun Oconee Morgan Jones Turner Stephens Clarke Putnam Twiggs Pulaski Tift Brooks Habersham Wilcox Cook Franklin Madison Greene Baldwin Bleckley Hart Oglethorpe Wilkinson Ben Hill Irwin Dodge Berrien Lowndes Hancock Lanier Elbert Taliaferro Laurens Wilkes Washington Telfair Coffee Atkinson Echols Warren Johnson Wheeler Glascock Jeff Davis Clinch Lincoln McDuffie Treutlen Montgomery Jefferson Bacon Ware Columbia Emanuel Toombs Appling Richmond Pierce Burke Candler Tattnall Charlton Jenkins Evans Wayne Brantley Bulloch Long Screven Camden Bryan Liberty Glynn Effingham McIntosh Chatham
7 What We Know about Wayne County 2010 Farm Gate Value in Wayne Co. was $59.7 million. Adding $4.1 million of landscape services increased the total agricultural production value to $63.8 million. The highest value commodity group was forestry, representing 32.8% of the total agricultural production value.
8 Wayne County 2010 Agricultural Production Value Poultry-Egg 16.4% Other 10.9% Row-Forage Crops 24.8% Fruits-Nuts 2.4% Livestock 7.8% Forestry 32.8% Vegetables 3.5% Ornamental Horticulture 1.4%
9 What We Did County Economy Modeled The Center for Agribusiness and Economic Development performed an analysis of the county s economy, focusing on the role of food and fiber. 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?
10 Wayne County Economy Agriculture OUTPUT Output in $ Percent Agriculture 63,796, % Mining 1,182, % Construction 120,283, % Manufacturing 690,568, % Trans-Utilities-Info 93,716, % Trade 103,437, % Finance-Ins-RE 173,720, % Services 218,302, % Govt. & non-naics 216,199, % Total County Economic Output = $1,681.2 million
11 Wayne County Economy Agriculture + Directly Related Businesses OUTPUT Output in $ Percent Agriculture + Direct 609,914, % Mining 1,182, % Construction 120,283, % Manufacturing 144,450, % Trans-Utilities-Info 93,716, % Trade 103,437, % Finance-Ins-Real Est 173,720, % Services 218,302, % Govt. & non-naics 216,199, % Total County Economic Output = $ 1,681.2 million
12 Wayne County Employment Total Jobs = 11,957 Mining % Construction % Manufacturing % Trans-Utilities- Info % Trade 1, % AG + Directly Related 1, % Finance-Ins- Real Est % State & Federal Government 1, % Professional Services 1, % Public Education 1, % Other Services 1, % Primary data source: Center for Agribusiness & Economic Development, UGA
13 An Economic Snapshot of Wayne County How much of Wayne County s total economic output comes from food and fiber production? AG value alone of $63.8 million consisting of Farm Gate Value and landscape services comprises 3.8% of the county s economy. AG plus directly related businesses (ex. Ag Support Services, Processing, etc.) comprise 36.3% of the county s economy.
14 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.
15 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
16 Wayne County Agriculture IMPACT Direct $ Indirect $ Agriculture 63,796,203 0 Mining 0 9,868 Construction 0 545,162 Manufacturing 0 79,344 Trans-Utilities-Info 0 1,891,426 Trade 0 2,734,730 Finance-Ins-Real Est 0 8,569,934 Services 0 6,702,937 Govt. & non-naics 0 501,719 Total 63,796,203 21,035,120 Total Impact of Production AG = $84.8 million 5.1% of total economy
17 Wayne County Production Agriculture + Directly Related Businesses IMPACT Direct $ Indirect $ Agriculture + Direct 609,914,139 0 Mining 0 466,552 Construction 0 8,541,350 Manufacturing 0 539,168 Trans-Utilities-Info 0 33,805,696 Trade 0 16,129,079 Finance-Ins-Real Est 0 35,253,522 Services 0 46,021,913 Govt. & non-naics 0 3,708,521 Total 609,914,139 44,465,801 Total Impact of AG + Directly Related = $754.4million 44.9 % of total economy
18 Wayne County Production Agriculture + Directly Related Industries Employment IMPACT Direct Indirect Agriculture + Direct 1,215 0 Mining 0 4 Construction 0 86 Manufacturing 0 2 Trans-Utilities-Info Trade Finance-Ins-Real Est Services Govt. & non-naics 0 17 Total Impact of AG + Directly Related Employment = 2,604 Jobs 21.8% of total employment
19 What These Numbers Mean: A Brief Explanation Direct impact is $609.9 million. This includes food and fiber production, processing and directly related manufacturing. Indirect impact from related sectors is $144.5 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.
20 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.
21 Wayne County Food and Fiber Impact Conclusions The total impact of food and fiber production, processing and direct manufacturing is $754.4 million. The total county output is $1,681.2 million. Thus, food and fiber (directly and indirectly) account for 44.9% of the total county output, considering the multiplier effects.
22 Contact Information Prepared by: Sharon P. Kane and Karen Stubbs Center for Agribusiness & Economic Development Dr. Kent Wolfe, Director Adding Value to Georgia's Agricultural Economy Through Research and Extension To learn more about your county, go to: on Resources, then Georgia Statistics System Ag Profile Report AP#12-12A
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