1 / 11

The Contribution of West Virginia’s Cervid Farming Industry to the State Economy, 2010-2011

The Contribution of West Virginia’s Cervid Farming Industry to the State Economy, 2010-2011. Daniel Eades Extension Specialist Community, Economic & Workforce Development West Virginia University.

elden
Download Presentation

The Contribution of West Virginia’s Cervid Farming Industry to the State Economy, 2010-2011

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Contribution of West Virginia’s Cervid Farming Industry to the State Economy, 2010-2011 Daniel Eades Extension Specialist Community, Economic & Workforce Development West Virginia University The author gratefully acknowledges the assistance of the WV Deer Farmers Assoc., WV DNR, and financial support from WVU Grants for Public Service

  2. Deer Farming and WV Agriculture West Virginia (All Farms)1 Deer Farming Trends2 Avg farm PA: 68.5 acres; 30% less than 10 acres Avg farm OH: 29.2 acres; 82% less than 50 acres Avg sales PA: $ 53,650 Avg sales OH: $71,391 • 45% of farms 50-179 acres • 24% of farms 10-49 acres • Avg farm sales: $27,500 • 49% of farms sold less than $2,500 • USDA Ag Census, 2007 • Shepstone Management Company

  3. Counties with One or More Deer Farms Survey Respondents

  4. West Virginia Deer Farms by Industry Segment Sales of West Virginia Deer Farm Products

  5. West Virginia Deer Farms by Year Established West Virginia Deer Farms by Acres of Land

  6. WV Deer Farm Numbers • Avg. of farms reporting sales: $22,000 • Employ an estimated 46 workers; pay $343,00 in wages • Spent estimated $1.9 million on capital expenditures and operations • 97% of spending occurred in West Virginia

  7. Total Impacts from Spending and Payroll • Employment: 66 jobs • Output (Sales): $1.44 Million • Value Added (GSP): $1.03 Million • Labor Income $784,000 • Indirect Business Taxes $ 62,000 • Other Property Income $185,000

  8. Study, Model, and Policy Considerations • The impacts presented are conservative estimates • Ignores travel and tourism spending • Assumes non-respondents are NEW operations • Jobs represent 12 months of work but NOT necessarily full-time employment • Input-output models are NOT • Feasibility studies • Cost-benefit studies • A complete picture

  9. Thank You Daniel.Eades@mail.wvu.edu

  10. [1] The median number of employees, while small, seems to be a reasonable assumption. Ohio, which has a well developed industry, reported average employment of only 2.4 jobs per operation.

More Related