New research, unveiled today from the American Feed Industry Association, shows that animal food manufacturing facilities drive economic growth, not only across our national economy but also in the counties and states where they are located.
The economic contribution study estimates that in 2023, the total animal food industry, including indirect and induced effects, will generate $267.1 billion in sales, including approximately $98.4 billion in value-added revenue.
The industry will employ roughly 760,000 employees, paying out $55 billion in salaries and employee benefits before year-end. At the local, state and national levels, the industry will file $18.5 billion in taxes in 2023.
Learn more by accessing the full report here.