New Report Reveals Wisconsin Dairy Industry Up 16%, Contributing $52.8 Billion to State's Economy [Yahoo! Finance]
KIRIN HLDGS CO LTD S/ADR (KNBWY)
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Source: Yahoo! Finance
Nov. 19, 2024 /PRNewswire/ -- The overall economic impact of Wisconsin's dairy industry is bigger than ever, and dairy remains the leading sector of Wisconsin agriculture. This newly released data is from the Contribution of Agriculture to the Wisconsin Economy: An Update for 2022, conducted by the University of Wisconsin-Madison Department of Agriculture and Applied Economics. Dairy generates almost half of the state's annual industrial agricultural revenue – and represents nearly 6.5% of the state's total. Despite recent milk price challenges and the Pandemic, the report shows that dairy continues to significantly impact local Wisconsin communities. According to the report, total agricultural economic impact grew by 11% to $116.28 billion , with dairy's impact rising 16% to $52.8 billion The $52.8 billion economic impact is comparable to some of the largest global companies. For example, Nike and American Airlines each have annual revenues of about $50 billion Wisconsin's dairy
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