Industry plays big role in nation's economy
The American Meat Institute released a new economic impact study in June 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 who 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 sizable 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 here.