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Animal Agriculture: Critical to Your Success Its Time to Support Your Best Customers © 2012 Illinois Soybean Association.

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Presentation on theme: "Animal Agriculture: Critical to Your Success Its Time to Support Your Best Customers © 2012 Illinois Soybean Association."— Presentation transcript:

1 Animal Agriculture: Critical to Your Success Its Time to Support Your Best Customers © 2012 Illinois Soybean Association

2 Importance of Animal Agriculture: Demand Importance of Animal Agriculture: Demand Per capita meat consumption continues to expand worldwide, as well as in the U.S. This expansion results in a growing demand for grain and protein feeds.

3 Importance of Animal Agriculture: Exports Since 1990, meat exports have grown 25% per year. The U.S. has captured 30% of new expanded export markets.

4 Importance of Animal Agriculture: What it means to Illinois Is Illinois capitalizing on these opportunities by encouraging the growth of animal agriculture in our state? YESNO

5 What Animal Agriculture Means to Illinois Soybean Growers Illinois is a leading producer of soybeans, ranking second in the nation for soybean production. 416 Million Bushels

6 What Animal Agriculture Means to Illinois Soybean Growers About half of the Illinois soybean crop is exported. The other half is destined mostly for livestock as soybean meal.

7 Livestock Producers Are Your No. 1 Customer

8 What Animal Agriculture Means to Illinois Soybean Growers

9 Who are the leading users of soybean meal?

10 Are We Keeping Up? Illinois hog numbers have grown at half the rate of the national average.

11 Source: National Agricultural Statistics Service, Illinois Annual Statistics Bulletin Illinois Livestock Index (base year 1999)

12 Animal Agriculture: Critical to Your Success Animal agriculture contributes to the states economy: Output $4.5 in economic activity Jobs 24,236 jobs Taxes $189 million in income taxes $246 million in property taxes

13 Source: National Agricultural Statistics Service, Illinois Annual Bulletin 2009 and authors calculations Distribution of Total Output by Species in Illinois in 2009

14 Direct revenueTotal taxes $292 Million Direct Economic Output of the Illinois Livestock Industry $1.9 Billion Source: Goldsmith and Wang, 2011

15 Animal Agriculture: Critical to Your Success When livestock production is combined with meat and dairy processing, the entire complex produces $27 billion of total impact 5% of the states economy 99,000 jobs

16 Animal Agriculture: Critical to Your Success Every $1 million of livestock product output creates: Every $1 million of livestock product output in Illinois creates: $2.4 to $2.9 million in total economic output $390,000 to $450,000 in family income 22 additional jobs

17 Animal Agriculture: Critical to Your Success Illinois livestock industry output multiplier = 1.88

18 Source: National Agricultural Statistics Service, Illinois Annual Statistics Bulletin, Bureau of Economic Analysis Illinois Gross Livestock Receipts as a Percentage of the Gross State Product (1999-2009)

19 Animal Agriculture: Critical to Your Success The livestock industry continues to serve as an economic engine in both rural and urban areas of the state. It provides real growth for an overall declining Illinois economy.

20 Animal Agriculture: Critical to Your Success

21 Were All In This Together Livestock producers are your No. 1 customer. We have a significant stake in animal agriculture in Illinois.

22 Were All In This Together Social Impact: Livestock producers are your neighbors. Economic Impact: If livestock production fails to grow, it will have a negative effect on prices. – Lower demand for Illinois soybean meal – Fewer local livestock customers – Higher transportation costs

23 Think About It Lets work together to build and support a thriving, vital animal agriculture industry in Illinois. Its the right choice for the future. – Be informed – Share information – Help expand animal agriculture

24 Thank You © 2012 Illinois Soybean Association


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