Meat and Poultry Industry Big Contributor to U.S. Economy

Study shows nearly 6% of GDP comes from industry.

The American Meat Institute released a new Economic Impact Study Friday that shows the nation's meat and poultry industry contributes roughly $832 billion, nearly 6% of total Gross Domestic Product, to the U.S. economy along with nearly 6.2 million jobs and $200 billion in wages and benefits.

 

President and CEO of AMI J. Patrick Boyle says companies and individuals in America that produce, process, distribute and sell meat and poultry products continue to be a vital part of the U.S. economy.

 

According to the study, conducted by John Dunham and Associates in New York City, the industry also generates sizeable tax revenues - more than $81 billion in revenues to federal, state and local governments and more than $2 billion in state sales taxes.

 

The complete study, which includes state-by-state and Congressional district breakdowns, is available online at www.meatfuelsamerica.com. Boyle says he hopes the interactive format to drill down to the state and congressional district level will be useful to media who cover the industry and lawmakers wanting to understand the impact of public policy initiatives in their states.

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