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Tim R. Wood President Alabama Agribusiness Council General Manager- Central Alabama Farmers Co-Op
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The Status of Agribusiness in Alabama
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1987 Farm Receipts $1.9 Billion 1. 1. Poultry950 Million 2. 2. Cattle304 Million 3. 3. Cotton123 Million 4. 4. Horticulture 103 Million 5. 5. Dairy 69 Million
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2001 Farm Receipts $3.27 Billion 1. 1. Poultry 2 Billion 2. 2. Cattle 476 Million 3. 3. Horticulture230 Million 4. 4. Cotton 146 Million 5. 5. Catfish 82 Million
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Agribusiness Provides for 476,000 Jobs 21% of Alabama’s Workforce Contributes of $9 Billion in Annual Earnings
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85% Off Farm Jobs Supplying Farm Production Items Processing Wholesaling and Retailing of Food & Fiber
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Agribusiness accounts for more than $43 Billion or 22% of the direct output of Alabama’s economy.
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79% of US consumer Food Dollars goes to Processing and Marketing 21% goes to the producers
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Southern States Mississippi Federated Texas Rice Producers FarmlandAgway
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Dirt to Dinner Slogan of ConAgra
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Foreign Imports Nitrogen Imports Phosphate Imports Protein Imports
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No demand for supply side of production Agriculture Demand is in Processing, packaging and value added areas
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Survivors Those that streamlined Those who diversify Marketing Wildlife- Associated Recreation
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1.3 Million Participants 626,0000 Hunt and Fish 965,000 Wildlife-Watchers 851,000 Anglers ✳ 610,000 In-State ✳ 241,000 Out of State 423,000 Hunters ✳ 307,000 In-State ✳ 116,000 Out of State
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Economic Impact of Hunting and Freshwater Fishing ✳ $2.8 Billion Direct Expenditures from Hunting and Freshwater Fishing ✳ $1.4 Billion Sales tax paid to State of Alabama for Hunting and Fishing ✳ $61.4 Million Number of jobs supported by Hunting and Fishing ✳ 30,661
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In Conclusion: Is the status of Agribusiness great?
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