Contribution Of The Bison Industry To The North Dakota Economy; Summary
The commercial bison industry is relatively new to North Dakota. There were an estimated 23,000 head of bison in North Dakota in 1998, and these animals were found in 47 of 53 counties. The purpose of this study was to estimate the economic contribution of the bison industry to the North Dakota economy. A survey of North Dakota bison producers and processors was conducted to provide estimates of direct impacts of bison activities within the state. Secondary economic impacts were determined using the North Dakota Input-Output Model. The direct impact of production and processing of bison in North Dakota in 1998 was estimated at $23 million. The $23 million in direct impacts generated an additional $47 million in secondary impacts within the state. The North Dakota bison industry supported a total of 757 secondary full-time equivalent (FTE) jobs within the state. Total economic activity generated within the state was estimated at $70 million, including $27 million in personal income and nearly $18 million in retail sales. In addition, the bison industry generated $4 million in tax revenue (including property, personal income, sales & use, and corporate income taxes). The direct impact of bison production in 1998 ranked fourth in North Dakota's livestock industry; below cattle and calves, dairy products, and hogs, and above turkey and sheep. The average direct impact generated for every bison in the state was $1,000. Total economic activity generated per bison in 1998 was $3,100 (includes direct and secondary impacts from production and processing). For every 30 head of bison an additional secondary FTE job was supported.
|Date of creation:||2000|
|Contact details of provider:|| Postal: PO Box 5636, Fargo, ND 58105-5636|
Phone: (701) 231-7441
Web page: http://www.ext.nodak.edu/homepages/aedept/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Coon, Randal C. & Leistritz, F. Larry & Hertsgaard, Thor A. & Leholm, Arlen G., 1985. "The North Dakota Input-Output Model: A Tool for Analyzing Economic Linkages," Agricultural Economics Reports 23304, North Dakota State University, Department of Agribusiness and Applied Economics.
- Leistritz, F. Larry & Sell, Randall S., 2000. "Agricultural Processing Plants In North Dakota: Socioeconomic Impacts," Agricultural Economics Reports 23470, North Dakota State University, Department of Agribusiness and Applied Economics.
When requesting a correction, please mention this item's handle: RePEc:ags:nddaer:23355. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.