wis animal agriculture economic analysis: wisconsin 1

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Wis Animal Agriculture Economic Analysis: Wisconsin 1

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Page 1: Wis Animal Agriculture Economic Analysis: Wisconsin 1

Wis Animal Agriculture Economic Analysis: Wisconsin

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Page 2: Wis Animal Agriculture Economic Analysis: Wisconsin 1

Animal Agriculture is Important to Wisconsin

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

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Page 3: Wis Animal Agriculture Economic Analysis: Wisconsin 1

Economic Multipliers for Wisconsin, 2013

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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.

WI Output ($) Earnings ($) Employment (jobs)

Cattle & calves 2.5005 0.4293 16.4265

Hogs, Pigs, & Other 1.8822 0.3359 12.7105

Poultry & Eggs 2.5797 0.4578 15.2158

Dairy 2.1457 0.3984 15.7242

Page 4: Wis Animal Agriculture Economic Analysis: Wisconsin 1

Economic Impacts in Wisconsin

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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.

Total Economic Impact 2013Change

2003-2013

% change

2003-2013

Output ($1,000) 16,848,998$ 2,957,136 21.29%

Earnings ($1,000) 3,067,932$ 540,623 21.39%

Employment (jobs) 119,205 21,013 21.40%

Income taxes ($1,000) 823,126$ 145,049 21.39%

Property Taxes in 2012 ($1,000) 311,228$

Page 5: Wis Animal Agriculture Economic Analysis: Wisconsin 1

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.

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Page 6: Wis Animal Agriculture Economic Analysis: Wisconsin 1

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

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Page 7: Wis Animal Agriculture Economic Analysis: Wisconsin 1

Wisconsin Cattle & Calf Production

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Page 8: Wis Animal Agriculture Economic Analysis: Wisconsin 1

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Wisconsin Hog & Pig Production

Page 9: Wis Animal Agriculture Economic Analysis: Wisconsin 1

Wisconsin Broiler Production

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Page 10: Wis Animal Agriculture Economic Analysis: Wisconsin 1

Wisconsin Egg Production

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Page 11: Wis Animal Agriculture Economic Analysis: Wisconsin 1

Wisconsin Turkey Production

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Page 12: Wis Animal Agriculture Economic Analysis: Wisconsin 1

Wisconsin Milk Production

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Page 13: Wis Animal Agriculture Economic Analysis: Wisconsin 1

Wisconsin: Soybean Meal Use by Segment, 2012/13

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Page 14: Wis Animal Agriculture Economic Analysis: Wisconsin 1

Wisconsin: Soybean Meal Use for Feed in 2013

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2013 Wisconsin SBM usage (%)

WI SBM Usage Share

2013 1,000 s. tons Percent

Beef 41 8.1%

Pork 45 8.8%

Broilers 50 9.7%

Turkeys 59 11.7%

Eggs 29 5.7%

Milk 254 49.8%

Other 32 6.2%

TOTAL 510 100.0%