|Economic Impact of the North American Cervid Farming Industry|
Date Posted: 01-01-2010
~The cervid farming industry is, perhaps, the fastest growing industry in rural America.
~This survey, designed to estimate the economic impact of the industry, was performed in late 2006-early 2007.
~Over 2,000 industry participants were surveyed, with a response rate of 14%.
~The average whitetail deer farm had 82 deer, composed of 28 males, 28 females, 26 fawns, and had an average birth rate of 1.31 fawns per doe in 2006.
~Breeding operations reported expenditures averaging $101,000 per year.
~The cervid farming industry has a direct economic impact of $893.5 million.
~When incorporating the indirect impacts of the industry, for example, the farms expenditures on feed, veterinary supplies, fuel and other purchases, the total economic impact of the industry is $2.3 billion.
~One of the major customers of this industry is hunters. Estimating the impact of hunting dollars spent, with hunters as the consumer of cervid farming products, an additional $757 million is generated by the cervid industry.
~The total impact of the industry, combining the farming and hunting componants, is $3.0 billion annually.
~The economic activity of the cervid farming industry supports 29,199 jobs, most of which are in rural American. If this industry did not exist, those jobs would have to be supported by some other economic activity.
~These results highlight the fact that the cervid farming industry is a growing and important industry in rural America.
Survey from AFPC (Agricultural and Food Policy Center, The Texas A&M University System)