emerging role of agriculture

The Emerging Role of Agriculture in Economic Development: 

The Emerging Role of Agriculture in Economic Development Rex Ricketts, Director University of Missouri Extension Commercial Agriculture Program Commercial Agriculture Program

Overview: 

Overview Importance of Missouri's Agriculture Historical Changes in Agriculture Tractor Electricity Trailer Truck Economic Impact of Animal Production

Missouri Agriculture 2006: 

Missouri Agriculture 2006 $5.62 billion in farm receipts 55% livestock 45% crops Missouri ranks 2nd in the US in the number of farms 105,000 farms Source: USDA-NASS

Missouri Livestock Receipts - 2005 $3.1 billion : 

Missouri Livestock Receipts - 2005 $3.1 billion Source: USDA-NASS

Slide5: 

What technology has changed agriculture the most? Tractor Electricity Trailer Truck Bio Fuels

Number of U.S. Farms: 

Number of U.S. Farms Source: USDA-NASS

Number of U.S. Tractors: 

Number of U.S. Tractors Source: USDA-NASS

Number of U.S. Farms with Electricity: 

Number of U.S. Farms with Electricity Note: The use of electricity on farms after 1954 was so widespread throughout the states that there seemed no need to obtain further information Source: USDA-NASS

Number of U.S. Tractors, Farms and Farms with Electricity: 

Number of U.S. Tractors, Farms and Farms with Electricity Thousands of Farms

Trailer Trucks: 

Trailer Trucks

One Trailer of Market Hogs: 

One Trailer of Market Hogs 53,000 lbs. live weight 200 hogs 10,000 pork chops

One Trailer of Milk: 

One Trailer of Milk 50,000 lbs. of milk 5,813 gallons of milk 93,000 8 oz. glasses of milk 5,000 lbs. of cheese

600 Sow Farrow to Finish(25-ton Truck Lots): 

600 Sow Farrow to Finish (25-ton Truck Lots)

700-cow Dairy(25-ton Truck Lots): 

700-cow Dairy (25-ton Truck Lots)

Economic Impact of Animal Agriculture: 

Economic Impact of Animal Agriculture

2,400-head Contract Finishing Unit : 

2,400-head Contract Finishing Unit Swine Construction Economic Impact Construction Cost = $520,000 (includes buildings, manure storage and water supply)

2,400-head Contract Finishing Unit: 

2,400-head Contract Finishing Unit Farm level annual economic impact $122,000 in gross revenue to swine operation including contract payments and manure value $3,500 spent on real estate and property taxes $5,000 spent on utilities 500 acres needed for feed (corn) 320 acres for manure application in corn soybean rotation $50 per acre fertilizer value $207,000 in annual economic activity state wide (multiplier effect)

700-cow Dairy Operation: 

700-cow Dairy Operation Dairy Construction Economic Impact Construction Cost = $2,483,000 (includes milking parlor, freestall barn, holding area, bunker silo, manure storage and water supply) Dairy machinery needed = $250,000

700-cow Dairy Operation: 

700-cow Dairy Operation Farm Level Annual Economic Impact $2.4 million in gross revenue to dairy $6.0 million in economic activity (multiplier effect) $10,000 spent on real estate and property taxes $60,000 spent on utilities, fuel and oil 11 full-time positions created ($260,000 in labor expenses) 1,466 acres needed for feed (corn silage, alfalfa, etc.) At least 1,626 acres needed for nutrient management $32 to $56 per acre fertilizer value

Multiplier Effect of Missouri’s Livestock Sector 2005: 

Multiplier Effect of Missouri’s Livestock Sector 2005

Biofuels Industry : 

Biofuels Industry

Annual Operation Impacts of the Four Ethanol plants (160 MGY): 

Annual Operation Impacts of the Four Ethanol plants (160 MGY) Tax revenues at the federal, state and local level - $43 million Corn Used in Production – 56 million bushels Golden Triangle Energy, LLC. Craig, Missouri

Yearly Operating Expenses for Ethanol Plants: 

Yearly Operating Expenses for Ethanol Plants

Conclusions: 

Conclusions Why agriculture has changed Animal agriculture is an important economic contributor to Missouri’s economy Animal agriculture faces new opportunities and challenges with the growing biofuels industry

The Emerging Role of Agriculture in Economic Development: 

Rex Ricketts, Director University of Missouri Extension Commercial Agriculture Program Commercial Agriculture Program The Emerging Role of Agriculture in Economic Development