The Economic Importance of Food and Fiber A Spotlight on Taylor County, Georgia Prepared for: Taylor County Cooperative Extension October, 26 by: The Center for Agribusiness and Economic Development College of Agricultural and Environmental Sciences The University of Georgia
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.
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 - $317 25 Farm Gate Value by County in Millions of Dollars
What We Know about Taylor County 25 Farm Gate Value in Taylor Co. was $43.1 million. Adding $4.1 million of landscape services increased the total agricultural production value to $47.2 million. The highest value commodity group was poultry/eggs, representing 39.4% of the total agricultural production value.
Taylor County 25 Agricultural Production Value Orn Hort 4.% Vegetables 2.4% 25 Agricultural Production Fruits-Nuts 7.% Other 11.5% Landscape services 8.7% Watermelon 2.1% Turfgrass 3.2% 25 Top Farm Gate Commodities Layers 1.7% Hay 1.% Rest of Commodities 11.8% Broilers 41.4% Forestry 8.2% Livestock- Aquaculture 8.3% Row-Forage crops 1.5% Poultry-Eggs 39.4% Peaches 7.2% Beef 7.4% Cotton 7.5% Hunting Leases 7.9% Timber 8.7% Total AG Value = $47.2 million
Trends in Taylor County: Number of Farms & Average Farm Size Number of Farms, Taylor County Average Farm Size 14 12 1 8 6 4 2 227 1945 1949 1954 1959 1964 1969 1974 1978 1982 1987 1992 1997R 22 5 4 3 2 1 Source: 1945-22 (quinquennial) Censuses of Agriculture Acres Taylor Co. Georgia 1945 1949 1954 1959 1964 1969 1974 1978 1982 1987 1992 1997R 22 328 218
Trends in Taylor County: Land in Farms & Farms by Size Acres X 1, 25 2 15 1 5 Land in Farms Taylor County 74.5 1945 195 1954 1959 1964 1969 1974 1978 1982 1987 1992 1997R 22 Source: 1945-22 (quinquennial) Censuses of Agriculture 5 4 3 2 1 Percent of Farms by Size, 22 1-9 acres 1-49 acres Taylor Co. 5-179 acres 18-499 acres Georgia 5-999 acres 1+ acres
Trends in Taylor County Number of Farms by Commodity 12 1 8 16 1987 1992 1997 22 85 6 4 2 1 11 Cattle and Calves Inv Broilers and Other Chickens Sold Cotton Hay Source: 1987-22 (quinquennial) Censuses of Agriculture
How Do We Compare? Georgia, X and Surrounding Counties Farm Gate Value $ Per Farm (thousands) $ Per Acre $1,6 $1,4 $1,2 $1, $8 $6 $4 $2 $ $985 $578 $1,87 $215 $19 $232 $1,435 $456 $749 $1,18 $741 $262 $716 $214 $182 $228 $74 $115 Georgia Taylor Crawford Macon Marion Peach Schley Talbot Upson Sources: 22 Census of Agriculture and 25 Farm Gate Value Report
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.
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?
Agriculture Mining Construction Manufacturing Trans-Utilities-Info Trade Finance-Ins-RE Services Government Taylor County Economy Agriculture OUTPUT Output in $ Millions 47.171 2.935 9.538 55.528 75.744 15.439 12.465 37.675 46.433 Total County Economic Output = $32.9 million Percent 15.6 1. 3.1 18.3 25. 5.1 4.1 12.4 15.3
Taylor County Economy Agriculture + Directly Related Businesses OUTPUT Agriculture + Direct Mining Construction Manufacturing Trans-Utilities-Info Trade Finance-Ins-RE Services Government Output in $ Millions 58.549 2.935 9.538 44.15 75.744 15.439 12.465 37.675 46.433 Total County Economic Output = $32.9 million Percent 19.3 1. 3.1 14.6 25. 5.1 4.1 12.4 15.3
An Economic Snapshot of Taylor County How much of Taylor County s total economic output comes from food and fiber production? AG value alone of $47.2 million consisting of Farm Gate Value and landscape services comprises 15.6% of the county s economy. AG plus directly related businesses (ex. logging, ag support services) comprise 19.3% of the county s economy.
Food and Fiber Production, Processing and Direct Manufacturing as % of Total Output - 1% 1-2% 2-4% 4-6% 6-84% Taylor Co. 19.3%
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.
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
Agriculture Mining Construction Manufacturing Trans-Utilities-Info Trade Finance-Ins-RE Services Government Total Taylor County Agriculture IMPACT Direct $ Millions 47.171 47.171 Indirect $ Millions...6.22 2.511 1.57 1.41 1.961 2.386 9.553 Total Impact of Production AG=$56.7 million 18.7% of total economy
Taylor County Production Agriculture + Directly Related Businesses IMPACT Direct $ Millions Indirect $ Millions Agriculture + Direct 58.549. Mining. Construction.67 Manufacturing.25 Trans-Utilities-Info 2.841 Trade 1.81 Finance-Ins-RE 1.26 Services 2.448 Government 2.68 Total 58.549 11.133 Total Impact of AG + Directly Related = $69.7 million--23% of total economy
Taylor County Production Agriculture + Directly Related Industries Employment IMPACT Agriculture + Direct Mining Construction Manufacturing Trans-Utilities-Info Trade Finance-Ins-RE Services Government Direct 728 Total Impact of AG + Directly Related Employment = 842 Jobs Indirect 1 16 23 1 61 3
What These Numbers Mean: A Brief Explanation Direct impact is $58.5 million. This includes food and fiber production, processing and directly related manufacturing. Indirect impact from the Trade sector is $1.8 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.
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.
Taylor County Food and Fiber Impact Conclusions The total impact of food and fiber production, processing and direct manufacturing is $69.7 million. The total output is $32.9 million. Thus, food and fiber (directly and indirectly) account for 23% of the total output.
Food and Fiber Production, Processing and Direct Manufacturing Impact as % of Total Output - 1% 1-2% 2-4% 4-6% 6-1% Taylor Co. 23%
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: http://www.caed.uga.edu/...click on Georgia Statistics System Special County Area Report #6-22A October, 26