US Soybean board values poultry and livestock farmers

US poultry and livestock farmers provide more than just meat, milk, eggs and other food, they also produce jobs, generate property tax revenues and contribute to household incomes. US poultry and livestock also consume about 98% of the domestically used soybean meal, making them the number one customer for US soybean farmers.

The United Soybean Board (USB) and the soybean checkoff strongly support their No. 1 customer. To provide soybean farmers with information on the value of poultry and livestock to the economy, USB funded an independent examination of the most recent annual data available.

Findings show that poultry and livestock produced 1.8 million jobs, and contributed $252 billion in US gross domestic production on an annual basis. Livestock and poultry also contributed $41 billion to US household incomes, increasing income by $3 billion over the past 10 years, according to the study.

“It is important for our communities and community leaders to know the value of animal agriculture,” says Jim Schriver, a soybean farmer from Montpelier, IN, and chair of USB’s domestic marketing program. “This sector of our economy not only produces the food we eat, but represents profit and job centers that support the communities in which we live.”

The 32-page report breaks down a range of data by state, including measurements for poultry and livestock production and value, economic impact, characteristics of farm operations and operators, input purchases, agricultural and economic censuses, taxation and computation of meal use by poultry and livestock.

Source: United Soybean Board