American Sheep Industry Association updates economic impact analysis
April 8, 2011
Sheep industry production spurs a ripple effect throughout the economy and is an important economic component, but how important?
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 Web site at http://www.sheepusa.org/Publications.