April 1, 2011
Sheep industry production spurs a ripple effect throughout the economy and is an important economic component, but how important? Although sheep producers are found in every state, we don't know how significant their efforts are to our economy. From the lamb chops at your favorite restaurant to wool blankets and hand lotion, the sheep industry produces a variety of products. To add to this, the sheep industry generates business for input supply companies, such as feed and sheep health supplies. In addition, sheep-industry generated income supports businesses of goods and services purchased. What is the total effect of the sheep industry, including these ripple effects?
In March, the American Sheep Industry Association (ASI) revised the original Sheep and Lamb Industry Economic Impact Analysis published in April 2008.
The sheep industry produces many and varied products from lamb chops served in fine dining restaurants to lanolin. Estimates of retail lamb and wool, wholesale pelts, variety meats, meal, tallow lanolin, and retail sheep cheese sales revealed that $774.6 million in production generates an additional $1.9 billion in multiplier effects, summing to a total economic impact of $2.7 billion.
The revised Sheep and Lamb Industry Economic Impact Analysis, April 2008 - Revised March 2011 is available on the ASI website at www.sheepusa.org/Publications