by
The Institue For Feed Education & Research, Virginia, United States
Each day across America, more than 6,200 animal food manufacturing facilities are quietly humming along, producing millions of tons of animal food to provide the right nutritional balance to keep the country’s livestock, poultry and pets happy and healthy
The Institute for Feed Education and Research (IFEEDER) has shared the results of two, first-of-a-kind, yearlong research projects, which quantify the industry’s contribution to the national, state and local economies. It also provides a comprehensive analysis of the ingredients used in the top livestock, poultry and aquaculture diets.
Paul Phillips, IFEEDER’s 2017-18 chairman of the Board of Trustees commented, “For the past few decades, the animal food industry has spoken about the value and service it provides to its customers in producing some of the safest, highest quality animal food on the planet. Now, we have the data to prove to our nation’s leaders that this industry is an integral part of the agricultural economy, providing hundreds of thousands of jobs and generating billions of dollars in taxes and revenue to support local and state communities.”
First ever economic analysis of US feed and pet food manufacturing industry
IFEEDER commissioned Decision Innovation Solutions (DIS), an economic research and analysis firm, in early 2017 to conduct a first-ever economic analysis of the US animal feed and pet food manufacturing industry.
The recently completed study found that in 2016, the US animal food manufacturing industry contributed US$297.1 billion in total US sales, including roughly $102 billion in value-added contributions; over US$22.5 billion in local, state and national taxes; and over 944,000 jobs.
According to the report, five states including Missouri, California, Texas, Pennsylvania and Iowa, topped all economic measures by contributing a combined roughly 337,000 jobs, US$105.2 billion in total sales and US$8.3 billion in local, state and national taxes. Several congressional districts (KS-2, IA-4, IA-2, KS-1 and NE-3) located in the Midwest or plains states, where a majority of livestock and poultry are raised, also rose to the top, providing a combined nearly 98,000 jobs, roughly US$32.7 billion in total sales and US$2.1 billion in taxes to the economy. The DIS report listed a number of factors that play a role in the animal food industry’s ongoing economic output and said the odds are good the industry will adapt and grow stronger.
Joel G. Newman, IFEEDER’s president and the American Feed Industry Association’s (AFIA) president and CEO explained, “We hope that this report will illuminate the significant contributions our industry is having on the economy. Our nation’s leaders need to move forward with achieving sensible state and federal regulations so that the animal food manufacturing business can continue to thrive, and with it, US animal agriculture as a whole can thrive.”
Read the full article, HERE.
Each day across America, more than 6,200 animal food manufacturing facilities are quietly humming along, producing millions of tons of animal food to provide the right nutritional balance to keep the country’s livestock, poultry and pets happy and healthy
The Institute for Feed Education and Research (IFEEDER) has shared the results of two, first-of-a-kind, yearlong research projects, which quantify the industry’s contribution to the national, state and local economies. It also provides a comprehensive analysis of the ingredients used in the top livestock, poultry and aquaculture diets.
Paul Phillips, IFEEDER’s 2017-18 chairman of the Board of Trustees commented, “For the past few decades, the animal food industry has spoken about the value and service it provides to its customers in producing some of the safest, highest quality animal food on the planet. Now, we have the data to prove to our nation’s leaders that this industry is an integral part of the agricultural economy, providing hundreds of thousands of jobs and generating billions of dollars in taxes and revenue to support local and state communities.”
First ever economic analysis of US feed and pet food manufacturing industry
IFEEDER commissioned Decision Innovation Solutions (DIS), an economic research and analysis firm, in early 2017 to conduct a first-ever economic analysis of the US animal feed and pet food manufacturing industry.
The recently completed study found that in 2016, the US animal food manufacturing industry contributed US$297.1 billion in total US sales, including roughly $102 billion in value-added contributions; over US$22.5 billion in local, state and national taxes; and over 944,000 jobs.
According to the report, five states including Missouri, California, Texas, Pennsylvania and Iowa, topped all economic measures by contributing a combined roughly 337,000 jobs, US$105.2 billion in total sales and US$8.3 billion in local, state and national taxes. Several congressional districts (KS-2, IA-4, IA-2, KS-1 and NE-3) located in the Midwest or plains states, where a majority of livestock and poultry are raised, also rose to the top, providing a combined nearly 98,000 jobs, roughly US$32.7 billion in total sales and US$2.1 billion in taxes to the economy. The DIS report listed a number of factors that play a role in the animal food industry’s ongoing economic output and said the odds are good the industry will adapt and grow stronger.
Joel G. Newman, IFEEDER’s president and the American Feed Industry Association’s (AFIA) president and CEO explained, “We hope that this report will illuminate the significant contributions our industry is having on the economy. Our nation’s leaders need to move forward with achieving sensible state and federal regulations so that the animal food manufacturing business can continue to thrive, and with it, US animal agriculture as a whole can thrive.”
Read the full article, HERE.
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