connecting colorado’s economy: agriculture

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Timothy J. Larsen Markets Division Colorado's Colorado's Agricultural Industry Agricultural Industry and Export Outlook and Export Outlook

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Ports-to-Plains AllianceColorado Regional MeetingJuly 12, 2012May Farms, Byers, COConnecting Colorado’s Economy: AgricultureTim Larsen, Senior International Marketing Specialist, Colorado Department of Agriculture

TRANSCRIPT

Page 1: Connecting Colorado’s Economy: Agriculture

Timothy J. LarsenMarkets Division

Colorado'sColorado'sAgricultural IndustryAgricultural Industryand Export Outlookand Export Outlook

Page 2: Connecting Colorado’s Economy: Agriculture

• Agriculture in Colorado

• Agriculture’s importance to Colorado’s economy

• Agriculture’s importance to Eastern Colorado

• Export impact on Colorado (&US) agriculture

• Impact of NAFTA trade on Colorado (&US) agricultural exports

Page 3: Connecting Colorado’s Economy: Agriculture

Colorado Department of Agriculture

• CDA is charged with: Strengthening and advancing Colorado’s

agriculture industry; Ensuring a safe, high quality, and sustainable food

supply; and Protecting consumers, the environment, and natural

resources.

Page 4: Connecting Colorado’s Economy: Agriculture

Photo courtesy of Richard Gann

Ag’s Impact on Colorado

Page 5: Connecting Colorado’s Economy: Agriculture

Ag’s Impact on the State Economyfarm/ranch sales (2010)

Crops – 38% $2.27 Billion

Livestock & Products 62%, $3.75 Billion

Page 6: Connecting Colorado’s Economy: Agriculture

Colorado’s Top 10 Based on 2010 Cash Receipts

     2010 Cash Receipts2010 Cash Receipts

(Million $)(Million $)

#1#1 Cattle & calvesCattle & calves 3,1573,157

#2#2 Dairy (milk)Dairy (milk) 457457

#3#3 Corn for grainCorn for grain 604604

#4#4 WheatWheat 500500#5#5 ProduceProduce 390390

#6#6 HayHay 287287

#7#7 Greenhouse & nurseryGreenhouse & nursery 254254

#8#8 HogsHogs 194194

#9#9 Sheep & lambsSheep & lambs 111111

#10#10 Poultry & eggsPoultry & eggs 8585Total cash receipt for top 10 Total cash receipt for top 10

commoditiescommodities 5,9545,954

99%99%

Page 7: Connecting Colorado’s Economy: Agriculture

What Colorado’s known for:LIVESTOCK

Cattle– #10 All cattle– #14 Beef Cows– #5 Beef on feed

Dairy– #15 Milk production

Sheep/lambs– #4 Wool production– #3 Market Sheep/lambs– #7 Breeding Sheep– #4 All sheep

Hogs– #12 Pig crop– #11 Breeding hogs

Page 8: Connecting Colorado’s Economy: Agriculture

What Colorado’s known for:CROPS

• #1 Millet• #4 Sunflowers (oil)• #6 Sunflowers (confect)• #6 Barley• #8 Sugarbeets• #8 Spring wheat• #9 Sorghum• #10 Hay• #11 Winter Wheat

Page 9: Connecting Colorado’s Economy: Agriculture

What Colorado’s known for:FRUITS & VEGETABLES

• #3 Head Lettuce• #3 Romaine Lettuce• #3 Leaf Lettuce• #4 Spinach• #4 Potatoes• #5 Cantaloupe• #6 Sweet Corn

• #7 Onions• #8 Cabbage• #9 Dry edible beans • #7 Peaches• #8 Pears• #24 Apples

Page 10: Connecting Colorado’s Economy: Agriculture

Colorado acreage76% in agricultural

production (50.8 M acres) Private ownership• 19.6 million pasture/grazing• 11.5 million acres cropland

– 8.9 dryland crops– 2.6 million irrigated crops

US Forest Service land (63.3%)• 9.2 m ag. lease

BLM land (93%)• 7.7 m ag. leases

State land (95%)• 2.84 m leased for agricultural

production

Page 11: Connecting Colorado’s Economy: Agriculture

Economic Activity

• Colorado’s agriculture and food industry contributes $41 billion to the state’s economy annually

• Colorado’s agriculture & food industry supports more than 172,921 jobs in Colorado

Page 12: Connecting Colorado’s Economy: Agriculture

Jobs

• Many of Colorado’s counties are “Ag-Dependent”

In 24 of Colorado’s counties, 1 in every 10 jobs is tied to the ag and food industry

1 in every43 jobs is tied to the ag and food industry in 12 of Colorado’s 64 counties

Page 13: Connecting Colorado’s Economy: Agriculture

Real JobsIn urban counties, ag. contributes

41,219 jobs

13,436 Denver County 7,717 Jefferson County 8,799 Adams County3493 Arapahoe County3604 Boulder County4259 Larimer County2911 El Paso County

Page 14: Connecting Colorado’s Economy: Agriculture

“Ag-Dependent” Counties

Page 15: Connecting Colorado’s Economy: Agriculture

Exports of Colorado Agricultural & Food Products

• ’10 exports estimated at more than $1.65 billion.

• In recent years, food and agricultural products from Colorado have been imported by more than 100 countries.

• An estimated one of every three Colorado food and agricultural suppliers sells some of their product outside the U.S.

Source: Adapted by CDA from World Trade Atlas and ERS data

COLORADO AG. EXPORTS

Value in U.S. @ millions

2007 $1,500.2

2008 $1,665.8

2009 $1,470.8

2010 $1,646.1

2011 $1,838.0

Page 16: Connecting Colorado’s Economy: Agriculture

Top Agricultural & Food Product Exports

Source: Adapted by CDA from World Trade Atlas and ERS data

Page 17: Connecting Colorado’s Economy: Agriculture

Top Export Markets for Colorado Agricultural Products

Source: Adapted by CDA from World Trade Atlas and ERS data

Page 18: Connecting Colorado’s Economy: Agriculture

Colorado and US Agricultural ExportsColorado in US $ Millions, US in US $ Billions

Page 19: Connecting Colorado’s Economy: Agriculture

US Total Export trends2006 to 2011

• All US exports grew 44.3% to $1.451 trillion in 2011

• All US exports in Ports to Plains states grew 61.1% during the same period

• All US agricultural exports grew 82.1%

• All US ag. Exports in P to P states grew 115.3%

Page 20: Connecting Colorado’s Economy: Agriculture

US Trade with Canada and Mexico 2006 to 2011

• US total exports to NAFTA increased 31.3%

• US agricultural exports to NAFTA increased 56.9%

• P to P total exports to NAFTA increased 52.0%

• P to P ag. Exports to NAFTA increased 114.6%

Page 21: Connecting Colorado’s Economy: Agriculture

Top 3 market export trends 1993 – 2006

Page 22: Connecting Colorado’s Economy: Agriculture

Impact of Canada and Mexico Ag Exports to Colorado Agriculture

2006 to 2011

• All Colorado exports dropped 7.8% from 2006 to 2011

• Colorado’s ag exports increased 75.8%

• All Colorado exports to NAFTA dropped 27.2%

• Colorado agricultural exports to NAFTA increased 32.9%

• Ag. Exports equal 17.6% of Colorado’s total exports and 28.6% of all state exports to NAFTA

Page 23: Connecting Colorado’s Economy: Agriculture
Page 24: Connecting Colorado’s Economy: Agriculture

For More Information:

Timothy J. Larsen

Sr. International Marketing Specialist

Colorado Department of Agriculture

Tel: (303)239-4118

E-mail: [email protected]

Or visit: www.coloradoagriculture.com