Dairy’s positive impact on the US economy
A blog by the USA Dairy Exporter has highlighted how much dairy has a positive impact on the US economy.
The US dairy industry fuels the economy by creating jobs, funding government services and supporting family-owned businesses.
Dairy supports nearly 3 million jobs in the US, 1.98m of these are indirect, and the economic impact of dairy products produced and sold in the US totals $628 billion (€550bn) – equalling 1.09% of the US GDP in 2017.
A massive 95% of American dairy farms are family owned and operated.
In the state of Iowa alone, the dairy industry generates $327.8m (€286m) in tax revenue, which all helps to support the local services.
The US has increased its dairy exports by over 600% since 1995 and now amounts to $5.5bn (€4.8bn) in annual sales. $1.3bn (€1.14bn) of this goes to Mexico alone. The US mostly exports cheese to Mexico, accounting for 28% of all US cheese exports.