Animal Agriculture Important to Minnesota’s Economy, Food Supply

Animal Ag IndustryMinnesota’s animal agriculture sector continues to help support the state’s economy by adding 8,000 jobs within the past decade, according to a 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 Minnesota’s economy:

  • Support for 71,000 jobs
  • $16.4 billion in total economic output
  • A $2.9 billion impact on household incomes
  • More than $1 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 Scott Singlestad, a Minnesota Soybean Research & Promotion Council director and USB director from Waseca County. “A healthy animal ag sector supports our local and state economies, our soybean demand and our food supply.”

According to the study, hogs are the biggest soybean meal eaters in Minnesota, consuming 66 percent, followed by turkeys at 15 percent and dairy cattle at 4 percent. Poultry, swine and other livestock consume about 97 percent of the supply of U.S. soybean meal every year in their feed. Last year in Minnesota, animal ag used an estimated 1.9 million tons of soybean meal, or the meal from nearly 79 million bushels of soybeans.

This entry was posted in General Information, Minnesota Agriculture, Minnesota Soybean Research and Promotion Council. Bookmark the permalink.

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