Alliance for the Future of Agriculture in Nebraska

Alliance for the Future of Agriculture in Nebraska

2012 Economic Analysis of Animal Agriculture

January 15, 2014Animal Well-Being, General Ag

The national report for the 2012 Economic Analysis of Animal Agriculture, conducted by Agralytica Consulting, can be found by clicking here. The report was funded by the United Soybean Board’s Freedom to Operate Action Team and provides an updated and complete state-by-state database on animal agriculture economics and the implications for soybean meal demand at the state and national levels.

The economic analysis indicates soybean meal use by species and by state. It found that in 2012 U.S. animal agriculture contributed:

  • 1.8 million jobs to the economy;
  • $346 billion to gross domestic product; and
  • $60 billion to household incomes.

At the national level animal agriculture paid $15 billion in income taxes and $6 billion in property taxes. In addition, the farmers and ranchers involved in animal agriculture contributed more than 5% of gross state product in 14 states— Alabama, Arkansas, Idaho, Iowa, Kansas, Minnesota, Mississippi, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota and Wisconsin.

The analysis identifies the contributions of animal agriculture to output, earnings, employment and taxes by state. It tracks shifts in animal production over the past 10 years, and then reveals the economic impact of those changes both by state and nationally. For instance, the increased value of animal agriculture production between 2002 and 2012 resulted in a boost of over $25 billion in total national economic output. This growth increased household incomes by $4.5 billion and created nearly 125,000 jobs.