Wednesday, January 28, 2009

Economic impact of U.S. sheep industry

The American Sheep Industry Association (ASI) commissioned a study to determine the economic impact of the United States Sheep Industry.

Polypay ewesAccording to the study, prepared by Juniper Economic Consulting, Inc., of Byers, Colorado, the U.S. sheep industry generates $3.2 billion of economic activity at the farm gate and $4.5 billion at the wholesale and retail level.

The study recognized the ethnic market as a "significant and growing component of the sheep industry." It valued the ethnic market at $72 million in 2007, based on an estimate that 1,075,165 sheep and lambs sold to the ethnic market in 2007.

The Sheep Industry Economic Impact Analysis can be downloaded from ASI's web site at http://www.sheepusa.org/.