Blog Post – Industry News
THE ANIMAL FEED AND PET FOOD MANUFACTURING INDUSTRY IS CRUCIAL TO AMERICAN AGRICULTURE, ECONOMY
A recently released study compiled over two years found some interesting results in the United States agriculture industry. Great Plains Processing (as of summer 2018) will be operating in Minnesota and South Dakota. We have a brief snap shot of the findings in each state as well as a link to the AFIA website where you can find the full report and an interactive option to find more details.
Total Sales: $9.8 Billion
Labor Income: $3.5 Billion
Total Sales: $2.7 Billion
Labor Income: $468.2 Million
Source: Economic Contribution: 2016 U.S. Animal Feed and Pet Food Production October 2017
The Institute for Feed Education and Research commissioned Decision Innovation Solutions, an economic research and analysis firm, in early 2017 to conduct a first-ever economic analysis of the U.S. animal feed and pet food manufacturing industry.
America’s animal feed and pet food manufacturing industry (i.e., feed mills) is an important driver of economic activity in the United States. Through purchases from and sales to many other industries, the animal feed and pet food manufacturing industry has a large impact on the local, state and national economies. Given generally increasing worldwide demand for protein and pet ownership rates, it is expected that this industry will continue to thrive and contribute to the economic well – being of the United States.
In 2016, the Institute for Feed Education and Research (IFEEDER) commissioned Decision Innovation Solutions (DIS), an economic research and analysis firm, to conduct a first – ever economic analysis of the U.S. animal feed and pet food manufacturing industry’s contribution to the economy. These estimated values are derived from the IMPLAN 1 modeling system, and showed that the U.S. animal feed and pet food manufacturing industry contributed the following to the national economy in 2016:
For an interactive review of the report please go to the AFIA link at https://www.afia.org/content.asp?contentid=282
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