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Wis Animal Agriculture Economic Analysis: Wisconsin 1.

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Presentation on theme: "Wis Animal Agriculture Economic Analysis: Wisconsin 1."— Presentation transcript:

1 Wis Animal Agriculture Economic Analysis: Wisconsin 1

2 Animal Agriculture is Important to Wisconsin In 2013, Wisconsin ranked 7 th in the nation in cash receipts from livestock sales. Wisconsin ranked 2 nd in milk cash receipts. Wisconsin also ranked 10 th in cattle, 17 th in hogs, and 11 th in turkeys. Animal agriculture in Wisconsin consumes significant quantities of soybean meal. 2

3 Economic Multipliers for Wisconsin, 2013 3 Every million dollars of livestock product output in Wisconsin results in $1.88-2.58 million in total economic output in the state, Generates $340,000-$460,000 in family income, And is responsible for 13-16 additional jobs.

4 Economic Impacts in Wisconsin 4 Animal agriculture in Wisconsin represents $16.8 billion in economic output, $3.1 billion in household income, about 119,000 jobs, and yielded an estimated $823 million in income taxes.

5 Wisconsin Output Index, 2003-2013 Cattle production is up 17%. Hogs are declining. Milk is increasing, up over 23%. Broilers are up 44%. Eggs are up 30%. Turkey output continues to expand. 5

6 Wisconsin Value of Production, 2013 ($1,000) 6

7 Wisconsin Cattle & Calf Production 7

8 8 Wisconsin Hog & Pig Production

9 Wisconsin Broiler Production 9

10 Wisconsin Egg Production 10

11 Wisconsin Turkey Production 11

12 Wisconsin Milk Production 12

13 Wisconsin: Soybean Meal Use by Segment, 2012/13 13

14 Wisconsin: Soybean Meal Use for Feed in 2013 14


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