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THE IMPORTANCE OF AGRIBUSINESS TO THE ST. LOUIS ECONOMY November 8, 2004 Study funded by the.

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Presentation on theme: "THE IMPORTANCE OF AGRIBUSINESS TO THE ST. LOUIS ECONOMY November 8, 2004 Study funded by the."— Presentation transcript:

1 THE IMPORTANCE OF AGRIBUSINESS TO THE ST. LOUIS ECONOMY November 8, 2004 Study funded by the

2 INCLUDES ALL ASPECTS OF AGRICULTURAL PRODUCTION, PROCESSING MARKETING AND DISTRIBUTION  Food, Forest and Fiber Production  Agricultural Equipment, Inputs and Chemicals  Biotechnology and Research  Ag Services, Advertising and Marketing  Transportation and Trade  Land Management and Finance  Environmental Technology and Conservation  Food and Beverage Manufacturing WHAT IS AGRIBUSINESS? Definition source: The Agribusiness Council, Washington D.C.

3 ST. LOUIS MO-IL METROPOLITAN STATISTICAL AREA (MSA) Franklin Jefferson Lincoln St. Charles St. Louis Warren Clinton Jersey Madison Monroe St. Clair Source: St. Louis Regional Chamber and Growth Association (RCGA)

4 $23 BILLION 12% of the Total Economic Output for St. Louis Area Sources: 2002 Ag Census, 1997 Economic Census, Individual Corporations, St. Louis Regional Chamber and Growth Association (RCGA) TOTAL AGRIBUSINESS OUPUT

5 OUTPUT BY SEGMENT

6 BEVERAGE MANUFACTURING Leading Beverage Manufacturer ANHEUSER-BUSCH $10 Billion Domestic Sales Source: Anheuser-Busch Companies, Inc. 2002 Annual Report

7 AGRICULTURAL PRODUCTION INPUTS Leading ag products provider MONSANTO $4.7 Billion in Sales Source: Monsanto 2002 Annual Report

8 PET FOOD MANUFACTURING Leading Pet Food Company NESTLE`-PURINA PETCARE Source: Nestle-Purina PetCare Company, 2003 $4.3 Billion in Sales

9 FOOD MANUFACTURING Source: 1997 Economic Census, U.S. Department of Commerce Over 200 companies, including Bakeries, bread, tortillas, pasta Fluid milk, dairy products Meat processing and production Confectionery products, specialty foods Grain and oilseed milling $2.6 Billion Value of Sales and Shipments

10 PRODUCTION AGRICULTURE $542.2 Million Total Market value of locally grown agricultural commodities (horses, sheep, goats, Christmas trees, organic, direct sales, misc. crops) Source: 2002 Census of Agriculture, USDA-NASS * Also includes the sum of values for commodities withheld in county statistics to avoid disclosing data for individual farms (MILLIONS) *

11 AGRICULTURAL BIOTECHNOLOGY Part of the Life and Plant Sciences “Cluster” One of the fastest growing segments of the economy St. Louis is now called the heart of the “BioBelt” $500 Million Estimated output Source: Regionwise 2004 Study “Economic Development Strategy Assessment of Key Industry Clusters” (excluding estimated output for Monsanto previously counted under ag production inputs)

12 OTHER AGRIBUSINESS INDUSTRIES INCLUDING Food and Farm Equipment Dealers Fertilizer and Ag Chem Dealers Storage and Handling Facilities Hauling and Transportation Operations Ag Service Companies Commodity and Trade Organizations $500 Million Annual Output Source: Based on 1997 Economic census numbers and individual company revenue reports

13 1997 ECONOMIC CENSUS DATA CATEGORYCOMPANIES REVENUE ($1,000) Farm Machinery & Equip dealers 57 175,530 Food processing machinery 16 44,945 Textile mills17 68,320 Trucking, ag products 53 27,705

14 WATER TRANSPORTATION 28 Percent of Total Traffic $79 Million 2002 Freight Traffic Port of St. Louis 9.08 Million Short Tons Total Food and Farm Products Sources: 2002 Port of Metropolitan St. Louis, US Army Corps of Engineers; 1997 Economic Census

15 AGRICULTURAL SERVICE COMPANIES INCLUDING Communications, Advertising Legal Firms, Accounting Financial Services Real Estate, Land Management Conservation, Environmental Services Commodity and Trade Organizations Government and Educational Agencies

16 AGRIBUSINESS RELATED EMPLOYMENT 330,317 JOBS 20% of Total Workforce OR 1 Out of Every 5 Jobs Sources: 2002 Census of Agriculture (direct on-farm employment for production agriculture 20,447 jobs), US Department of Commerce (RIMS II Multiplier 16.1548)

17 U.S. AGRICULTURE FEEDS THE WORLD American Farm Bureau Federation® Graphic Sources: American Farm Bureau Federation; National Agricultural Statistics Service Number of People Fed Annually By One Farmer

18 AGRICULTURAL SERVICE COMPANIES EMPLOYMENT PROJECTED TO INCREASE 35 PERCENT BY 2008 COMPARED TO 1998 12TH FASTEST GROWING INDUSTRY Source: St. Louis Regional Chamber and Growth Association (RCGA) JOBS

19 AGRICULTURAL LAND Source: 2002 Census of Agriculture, USDA-NASS ESTIMATED MARKET VALUE OF LAND AND BUILDINGS $6 Billion Property Taxes Paid $17.6 Million 2,213,337 ACRES

20 FARM PRODUCTION EXPENSES Source: 2002 Census of Agriculture, USDA-NASS  Fertilizer and Chemicals  Seed and Feed  Fuel and Utilities  Machinery, Equipment, Repairs  Cash Rent, Interest, Taxes  Labor $473,731,000 total per year

21 THE BOTTOM LINE Agribusiness Means $23 BILLION OUTPUT 330,317 JOBS To the St. Louis Area

22 THE IMPORTANCE OF AGRIBUSINESS TO THE ST. LOUIS ECONOMY November 8, 2004 Study prepared by


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