daniel eades extension specialist community, economic & workforce development west virginia...

Download Daniel Eades Extension Specialist Community, Economic & Workforce Development West Virginia University The author gratefully acknowledges the assistance

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Daniel Eades Extension Specialist Community, Economic & Workforce Development West Virginia University The author gratefully acknowledges the assistance of the WV Deer Farmers Assoc., WV DNR, and financial support from WVU Grants for Public Service Slide 2 Deer Farming and WV Agriculture West Virginia (All Farms) 1 45% of farms 50-179 acres 24% of farms 10-49 acres Avg farm sales: $27,500 49% of farms sold less than $2,500 Deer Farming Trends 2 Avg farm PA: 68.5 acres; 30% less than 10 acres Avg farm OH: 29.2 acres; 82% less than 50 acres Avg sales PA: $ 53,650 Avg sales OH: $71,391 1.USDA Ag Census, 2007 2.Shepstone Management Company Slide 3 Counties with One or More Deer Farms Survey Respondents Slide 4 West Virginia Deer Farms by Industry Segment Sales of West Virginia Deer Farm Products Slide 5 West Virginia Deer Farms by Year Established West Virginia Deer Farms by Acres of Land Slide 6 WV Deer Farm Numbers Avg. of farms reporting sales: $22,000 Employ an estimated 46 workers; pay $343,00 in wages Spent estimated $1.9 million on capital expenditures and operations 97% of spending occurred in West Virginia Slide 7 Leading Purchases by West Virginia Deer Farm Operations Real Estate$559,74130% Farm Equipment$190,61910% ATVs$173,4689% Stock/Animal Purchases$149,7528% New Construction$136,1987% Fencing$118,9096% Vehicles$104,5736% Grains$79,7184% Supplement Feeds$46,7673% Fuel$39,5282% Slide 8 Total Impacts from Spending and Payroll Employment: 66 jobs Output (Sales): $1.44 Million Value Added (GSP):$1.03 Million Labor Income$784,000 Indirect Business Taxes$ 62,000 Other Property Income$185,000 Slide 9 Study, Model, and Policy Considerations The impacts presented are conservative estimates Ignores travel and tourism spending Assumes non-respondents are NEW operations Jobs represent 12 months of work but NOT necessarily full-time employment Input-output models are NOT Feasibility studies Cost-benefit studies A complete picture Slide 10 Thank You Daniel.Eades@mail.wvu.edu Slide 11 Table 1. Assumptions for Economic Impact Calculation From Surveys Median Non Response Value Survey + Non- Response Sales$300,300$950$14,250$314,550 Employment (WV)3111546 Wages, Salaries, Benefits (WV) $318,504$1,650$24,750$343,254 Intermediate Expenditures (Total) $1,347,498$36,508$547,620$1,895,118 [1] [1] The median number of employees, while small, seems to be a reasonable assumption. Ohio, which has a well developed industry, reported average employment of only 2.4 jobs per operation.

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