Economic report reveals agriculture’s impact
A new report completed by SSU’s Center for Regional Economic Analysis (CREA) reveals the economic impact of local agriculture in the North Coast region.
The study looks at the economic “value chain,” described by SSU economics professor Dr. Robert Eyler during a recent Economic Development Forum, as an estimate of how the agriculture industry supports jobs as well as creates business and tax revenues.
In Sonoma and Marin counties, dairy, grass-fed beef ranches and grain farming alone generated $47.4 million in business revenue and $1.6 million in state and local tax receipts. Results show that 38 additional positions are supported with every 100 agricultural jobs–including 31 additional jobs by dairies, 63 by grass-fed beef ranching and 21 by grain farming in Sonoma and Marin.
These additional jobs–in food manufacturing, medicine, investment banking and food service–produce $15.8 million in industry-related business revenue and boost state and local tax receipts by $521,000, adding value to the local economy.
The report was commissioned by UC Cooperative Extension in Sonoma County, in partnership with various agencies.