Impacts Of Wyoming’s Agriculture On Economy

1490 words - 6 pages

Wyoming’s economy includes four main aspects: agriculture, manufacturing, mining, and service. Among them, agriculture takes an important place in Wyoming’s economy. It contributes numerous billions to economy every year. There is a general evaluation of Wyoming’s agriculture from a website. “Historically, agriculture has been an important component of Wyoming’s economic identity. Its overall importance to the performance of Wyoming’s economy has waned. However, it is still an essential part of Wyoming’s culture and lifestyle.” (www. Wyoming.gov/narrative.aspx) It shows the importance in Wyoming’s culture and lifestyle. What it does not mention are the economic impacts. They cannot be ignored, either.
This information illustrates the status quo of Wyoming’s agriculture. “Historically, agriculture has been important to Wyoming’s cultural identity and the quality of life of its citizens… There currently 9,200 agricultural producers operating in Wyoming. Overall Wyoming agricultural production in 2001 amounted to $1.057 billion and of that sum; gross value added to the economy was $471.2 million.”(Bittner, 2) “Agriculture contributes $800 million annually to Wyoming’s economy, approximately 80% of which is cattle production.” (www.ourchildrenstrust.org/page/323/Wyoming-economy) From the previous figures, we can see that agriculture occupies an important position in Wyoming’s economy. It increases economic growth and gross domestic product.
Wyoming’s agriculture distinguishes from other states by the amount of farms and ranches, and agricultural land shares. “Wyoming has 9,200 farms and ranches in operation across the state—nearly 8,800 of them family or individual owned. The state is ranked 11th in the nation in total land for farming and ranching, with more than 34 million acres. The state brings in more than $1 billion in receipts each year from the farming and ranching industry.”(ICF International in partnership with Link WYOMING, 2)
From the words, we can see the importance and necessary of agriculture to Wyoming’s culture and lifestyle. What is the more important point is that the economic effects of agriculture. Three positive impacts of Wyoming’s agriculture on economy are contributing to economy directly, increasing export sales substantially, and providing opportunities for jobs and higher income. However, as a coin has two sides, there is still a negative economic impact. It is that waning agriculture leads to economic recession.
The first positive impact is that agriculture contributes to the economy directly. For instance, the following figures demonstrates the direct contribution of agriculture to economy in 2011 and 2012. “Farmers markets throughout Wyoming contributed over $1 million to the state’s economy in 2011, according to data recently compiled by the Wyoming Business Council Agribusiness Division.” (www.wyomingbusiness.org/news/article/farmers-markets-have-big-economic-impact-/6806) “Farmers markets throughout Wyoming...

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