Investor Presentaiton
Section II - Defining the Agribusiness
Cluster in South Carolina
Table 1 - South Carolina's Agribusiness
Sector: Agriculture Component Breakdown
Top 10 Industry Sectors
Industry Description
Direct Economic
Output
$2,577,430,378
Poultry processing
Landscape and horticultural services
$1,461,666,503
Poultry and egg production
Commercial and industrial machinery
and equipment repair
$1,307,618,858
$961,985,895
Bottled and canned soft drinks & water
$881,029,147
Lawn and garden equipment
manufacturing
$806,811,026
Bread and bakery product, except
frozen, manufacturing
$782,483,808
Meat processed from carcasses
$767,671,290
Animal, except poultry, slaughtering
$700,027,966
Frozen specialties manufacturing
$648,529,192
All Other Agriculture Sectors
$6,495,687,579
Total Agriculture Component
$17,390,941,640
The agribusiness cluster represents a diverse group
of businesses in South Carolina. These primarily
revolve around the traditional agriculture and
forestry sectors, all associated food and wood
processing, and other related sectors such as
industrial equipment, maintenance, and various
support services. For the purposes of this report,
the agribusiness cluster will be specifically grouped
into two components: agriculture and forestry. The
agriculture component represents 58 individual
industry sectors in South Carolina, while the forestry
component represents 42 individual industry sectors.
The definitions and total size of each component,
that is the included industry sectors
- are based
on the IMPLAN modeling tool and are broadly
consistent with previous research documenting
South Carolina's agribusiness cluster, including the
findings from Carpio, et. al (2008), the University of
South Carolina (2010), and London & Associates
(2015). The forestry component is primarily based
on recently released research from the South
Carolina Forestry Commission.'
-
Tables 1 and 2 highlight the top 10 individual
sectors included as part of each component,
while Appendix I and Appendix II provide listings
of all individual sectors for each component. All
estimates reflect measures of economic output from
2020, which are the most recently available as
of this writing. Economic output is defined as the
total dollar value of all final goods and services
produced in South Carolina that can be directly
attributed to both labor and non-labor expenditures
on the part of agribusiness firms at their many
industrial locations, farms, and plant facilities
located across the state.
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Source: The Economic Impact of South Carolina's Forestry Industry; South Carolina Forestry Commission; October 2022
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RICULTURE
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