|
Cortland
|
New
York State
|
| Cows |
16,000
|
701,000
|
| Total
Milk Production (lbs.) |
260,000,000
|
12,040,000,000
|
| Total
Milk Production (gal.) |
32,500,000
|
1,505,000,000
|
| Milk
Income (est.) |
$35.500.000.00
|
$1,643,920,000.00
|
| Milk
Produced per Cow (lbs.) |
16,250
|
17,175
|
| Milk
Produced per Cow (gal.) |
2,031
|
2,147
|
| Hired
Payroll Expenses* |
$6,592,000.00
|
$302,131,000.00
|
| Property
& School Taxes Paid* |
$1,000,000.00
|
$31,545,000.00
|
| Total
Dairy Expenses* |
$34,450,000.00
|
$1,595,300,000.00
|
| |
|
|
Economic Impact
(Multiplier = 2.29)** |
$78,890,500.00
|
$3,653,237,000.00
|
|
*Estimated from an annual economic survey, the Dairy Farm Business Summary, Cornell University. Survey data has been extrapolated to find the estimated total dollars spent in the local economy.
**Economic Mulitipliers are a measure of how much a dollar spent in an industry circulates t hrough the local economy. Dairy is the highest multiplier in the agricultural sector and is similar to the manufacturing sector.
*** Economic Multipliers and the NYS Economy, K.jack, N.Bill, & D. Boisvert. Department of Agricultural, Resource, and Managerial Economics, Cornell University, 1997.
Source: Cortland Standard Dairy Supplement, June 2001
|
|
