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Published byKyleigh Hamblet Modified over 9 years ago
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Agriculture as Economic Development through Rural-Urban Partnerships
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American Farmland Trust Report Spells out Opportunities in Local Food Production Gives stakeholders an action plan to move forward
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898,000 + acres of farmland 5,536 individual farms $810 million region-wide farm gross economic impact $650+ million in sales at farm gate $25 million in direct sales
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Measuring Unmet Demand New York State Unmet DemandHudson Valley Unmet Demand Source: New Venture Advisors LLC, http://newventureadvisors.nethttp://newventureadvisors.net
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Hudson Valley 201220072002199719921987 Farms 5,5365,6285,8194,7955,0735,707 Farm Acreage 898,014898,6571,004,132926,8271,036,0601,083,511 Avg Farm Acreage 147.6145.3160.8165.1180.8173.2 Value of Product ($1,000) $651,828*$549,879$410,630$416,274$398,931$394,546 Average Per Farm $104,514.7*$88,954.4$67,251.1$82,822$74,455.5$58,730.8
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Hudson Valley20122007 Total Number of Farms 5,5365,628 Total Farm Acreage 898,014898,657 Average Farm Acreage 147.6145.3 Market Value of Ag Products Sold $651,828,000**$549,879,000 Average Per Farm $104,514.7**$88,954.4 The Hudson Valley and surrounding region lost 92 farms and 643 acres of farmland since 2007.
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Agribusiness effects urban and rural communities Agriculture alone represents only 1% of U.S. GDP However, Agriculture in combination with entire Producer, Processor to Retail Food Establishment contributes 16% of U.S. GDP 17% of U.S Workforce is employed in agriculture related field $87 billion in net farm income An agricultural cluster includes the food supply chain (raw production, distribution, processing), forestry products, biofuels, alternative energy, and heavy equipment
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