Wisconsin's animal agriculture sector continues to help support the state's economy by adding 18,100 jobs within the past decade, according to the recent United Soybean Board-funded Animal Agriculture Economic Analysis. A successful animal ag industry also benefits the soybean farmers who depend on animal ag as the biggest market for soybean meal.
The report also outlines the economic benefits the poultry and livestock sectors provide at the state and national levels. In 2012, animal ag provided the following benefits to Wisconsin's economy:
- Support for 111,000 jobs
- $15.6 billion in total economic output
- A $2.9 billion impact on household incomes
- $1.07 billion in income and property taxes paid
Nationally, the animal ag industry supported 1.8 million jobs and provided $346 billion in total economic output, according to the study. The sector also added $60 billion to American household incomes and paid $21 billion in income and property taxes.
The partnership between soybean farmers and the animal ag sector helps sustain local farms and produces safe and reliable food for the rest of the world.
"It's important that poultry and livestock farmers and soybean farmers across the state continue to work together," says Robert Derr, a checkoff farmer-leader from Marshall, Wis. "A healthy animal ag sector supports our local and state economies, our soybean demand and our food supply."
According to the study, dairy cattle are the biggest soybean meal eaters in Wisconsin, consuming 48%, followed by turkeys at 12%, and hogs and broilers, both at 10%.
Poultry, swine and other livestock consume about 97% of the supply of U.S. soybean meal every year in their feed. Last year in Wisconsin, animal ag used an estimated 519,000 tons of soybean meal, or the meal from 21.5 million bushels of soybeans. Overall, U.S. poultry, livestock and fish farmers used more than 30 million tons (the meal from 1.26 billion bushels) in the 2011/12 marketing year, which is an increase of 1 million tons (meal from 42 million bushels) from the previous year.
The 70 farmer-directors of USB oversee the investments of the soy checkoff to maximize profit opportunities for all U.S. soybean farmers. These volunteers invest and leverage checkoff funds to increase the value of U.S. soy meal and oil, to ensure U.S. soybean farmers and their customers have the freedom and infrastructure to operate, and to meet the needs of U.S. soy's customers. As stipulated in the federal Soybean Promotion, Research and Consumer Information Act, the USDA Agricultural Marketing Service has oversight responsibilities for USB and the soy checkoff.
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Source: United Soybean Board