Investor Presentaiton
Zadnost
PRIMARY RESULTS
As previously noted, the total direct economic impact
of the agribusiness cluster in South Carolina is $32.2
billion annually. This includes $17.4 billion in agriculture
and $14.8 billion in forestry. These estimates represent
the total dollar value representing 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. Because it includes
all spending by consumers and businesses on both
goods and services, it is an all-inclusive measure of
direct economic activity. Approximately 145,386 jobs
and $6.6 billion in labor income are both associated
with this $32.2 billion direct economic activity. Table 3
highlights these estimates as well as the jobs and income
figures in both the agriculture and forestry components
of South Carolina agribusiness.2
Table 3 - Direct Economic Impact of Agribusiness on South Carolina
Impact Category
Employment
Labor Income
Agriculture
97,131
48,255
$3,700,944,427 $2,922,888,463
Forestry
Totals
145,386
$6,623,832,890
Economic Output $17,390,941,640 $14,769,889,934
$32,160,831,574
2 Note that all labor income estimates reflect total employee compensation, including wages, salaries, and benefits.
SCDA
18790
GRICULTURE
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