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Regional Economic Impacts of Florida's Agricultural and Natural Resource Industries
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Abstract
The state of Florida has large industries producing fruits and vegetables, sugar, livestock, dairy and meat products, seafood, ornamental plants, forest products, phosphate rock, and an array of associated industries that provide supporting inputs and services, and conduct processing and manufacturing. There are distinct differences in the regional distribution of Florida's agricultural and natural resource industries. Economic characteristics and impacts were evaluated for the state of Florida and for eight separate regions of Florida. Each region is comprised of a core metropolitan area and a number of surrounding counties, as defined by the US Commerce Department, Bureau of Economic Analysis, based on employee commuting patterns and other factors. The Implan input-output analysis and social accounting software and associated databases for Florida counties were used to create economic models for each region and to estimate the total economic impacts of over 100 industry sectors in agriculture, natural resource and associated value-added manufacturing. Statewide economic impacts in the year 2000, expressed in year 2002 dollars, included industry output (sales) of 35.2billion(Bn),withsalestomarketsoutsidethestate(exportshipments)of19.4Bn, personal and business net income (value added) of 14.8Bn,andemploymentof338,253persons.Thevalueaddedrepresented3.1percentofFlorida′sgrossregionalproduct.Whenthemultipliereffectsofexportfinaldemandoninterindustrypurchasesandemployeehouseholdspendingareconsidered,thetotaleconomicimpactswereestimatedat62.0Bn in output, 31.0Bninvalueadded,and648,550jobs.Regionally,totalvalueaddedimpactsoftheagricultureandnaturalresourceindustriesweregreatestintheOrlandoarea(4.31Bn), followed by Miami-Ft. Lauderdale (3.61Bn),Tampa−St.Petersburg−Clearwater(2.20Bn), Jacksonville (1.47Bn),Sarasota−Bradenton(1.10Bn), Tallahassee (782million),Ft.Myers−CapeCoral(701 million), and Pensacola (597million).Thelargestindustrygroupsintermsoftotalvalueaddedimpactswerefruitsandvegetables(2.9Bn), environmental horticulture (2.8Bn),forestproducts(2.0Bn), agricultural inputs and services (1.4Bn),andotherfoodandfibermanufacturing(1.7Bn), with lesser impacts for dairy products, field crops, livestock and meat products, mining, seafood products, sugar and confectionary products, and tobacco products. The total value added impact was $1,929 per capita, and the total employment impact was 40 jobs per 1000 residents. Economic impacts per capita and share of gross regional product indicated that the agriculture and natural resource industries were relatively more important in the Sarasota-Bradenton, Orlando, Jacksonville, and Tallahassee regions than for the state as a whole.Florida, agriculture and natural resource industries, economic impact, functional economic region, output, value added, employment, input-output models, multiplier, Implan, Agribusiness, Public Economics, Resource /Energy Economics and Policy,