The busy dairy dollar

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Consider the economic impact that dairy farmers create with their products.

In Wisconsin, that impact is huge. The Wisconsin Milk Marketing Board has released a video that tells the story of a dollar bill as it moves through the economy.  

“The ‘Dairy Dollar’ video helps illustrate how something as simple as buying a piece of cheese or a gallon of milk impacts not only the dairy industry, but local Wisconsin businesses and communities,” says Patrick Geoghegan, senior vice president of corporate communications for the Wisconsin Milk Marketing Board.

Among the points:

  • The Wisconsin cheese industry employs more than 146,000 people.
  • Wisconsin’s dairy industry contributes $26.5 billion a year to the state’s economy.
  • This generates tax revenue that helps pay for schools, parks and public safety.

Also see “The economic impact of the dairy industry on the state of Wisconsin.”

According to this report from the Pennsylvania Dairy Task Force Economic Development Committee, when a dairy farm spends money locally, it creates a multiplier effect more than two times the original dollar. In other words, for every $1 a dairy farm spends, roughly $2.50 in wages and related business transactions is contributed to the local economy.



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ed    
new york  |  February, 13, 2012 at 04:09 PM

and how many of those dollars are going south?

Pat    
WI  |  February, 22, 2012 at 08:33 AM

Recent studies by UW-Madison show that Wisconsin dairy farmers reinvest well more than 90 percent of their income locally and are key economic drivers of the communities in which they live. The economy in Wisconsin is greatly benefitted by having the dairy industry we have here!

Henry    
MA  |  February, 15, 2012 at 09:24 PM

According to a report by National Milk Producers, created to show Congress how important foreign labor is on our farms, retail milk prices would rise by 30%, if 50% of them were lost, and by 60%, if all were sent home. Makes you wonder who National Milk is working for...


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