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 Material Information
Title: Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003
Physical Description: Fact Sheet
Creator: Hodges, Alan W.
Publisher: University of Florida Cooperative Extension Service, Institute of Food and Agriculture Sciences, EDIS
Place of Publication: Gainesville, Fla.
Publication Date: 2006
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Acquisition: Collected for University of Florida's Institutional Repository by the UFIR Self-Submittal tool. Submitted by Melanie Mercer.
Publication Status: Published
General Note: "Published February 2006."
General Note: "FE627"
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Source Institution: University of Florida Institutional Repository
Holding Location: University of Florida
Rights Management: All rights reserved by the submitter.
System ID: IR00002037:00001


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FE627 Economic Impacts of Agricultural and Natural Resource Industries in Florida, 20031 Alan W. Hodges and W. David Mulkey2 1. This is EDIS document FE627, a publication of the Food and Resource Economics Department, Florida Cooperative Extension Service, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, FL. Published February 2006. Please visit the EDIS website at http://edis.ifas.ufl.edu. 2. Alan W. Hodges, Associate-In, and W. David Mulkey, Professor, Food and Resource Economics Department, Florida Cooperative Extension Service, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, FL. The Institute of Food and Agricultural Sciences (IFAS) is an Equal Opportunity Institution authorized to provide research, educational information and other services only to individuals and institutions that function with non-discrimination with respect to race, creed, color, religion, age, disability, sex, sexual orientation, marital status, national origin, political opinions or affiliations. U.S. Department of Agriculture, Cooperative Extension Service, University of Florida, IFAS, Florida A. & M. University Cooperative Extension Program, and Boards of County Commissioners Cooperating. Larry Arrington, Dean Estimates of economic impacts were developed for the agricultural and natural resource industries in Florida in 2003, based on Implan data for Florida, which are derived from the National Income and Product Accounts of the United States and various regional data sources (MIG, 2005). Over 100 individual sectors were identified as related to agriculture and natural resources, including sectors for commodity production, processing and manufacturing, and associated input suppliers and supporting services. However, wholesale and retail distribution of food and kindred products, restaurants, and other food service establishments were excluded from the analysis, since these are not strictly related to agriculture or natural resources. Estimates of total regional economic impacts for each sector were computed using Implan SAM multipliers, including the indirect and induced effects of domestic and foreign export sales outside Florida. Indirect effects represent the impacts of allied businesses that supply inputs to the agricultural and natural resource industries, while induced effects represent the impacts of industry employee household spending. Values were expressed in 2005 U.S. dollars using the Gross Domestic Product (GDP) Implicit Price Deflator (U.S. Department of Commerce), which restated values for 2003 approximately 5.7 percent higher. Results of the analysis are shown in the following tables: Table 1 summarizes the impact estimates by major industry groups; Table 2 provides detailed estimates for individual sectors within each group; Table 3 gives value added impacts in nine economic regions of Florida; Table 4 indicates the change in value added impacts over the period 2001-2003; and Table 5 shows the direct employment and value added by agriculture and natural resources in comparison to all other industry groups in Florida. Total industry output or sales of the agricultural and natural resource industries in Florida in 2003 was $50.8 billion (Bn), while total output impacts, including the indirect and induced multiplier effects, were $87.6 Bn (Table 1). Total direct employment was 388,916 jobs, and total employment impacts were 756,993 jobs. Total value added was $19.2 Bn, and total value added impacts were $41.1 Bn, which represents the net value created by the industry, measured as the difference between industry revenues and input purchases from other sectors. It also represents personal and business net income, and capital consumption. The labor (earned) income impact of agriculture and natural resources was $25.1

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Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003 2 Bn. Indirect business taxes paid to local, state, and federal governments were $2.6 Bn. Total domestic and foreign export sales outside the state of Florida were $27.6 Bn. As shown in Table 1, the largest industry groups in terms of value added impacts were fruit and vegetable farming and processing ($7.5 Bn), environmental horticulture ($6.8 Bn), forestry and forest products ($6.5 Bn), agricultural inputs and support services ($6.5 Bn), other food product manufacturing ($5.5 Bn), tobacco farming and manufacturing ($3.0 Bn), sugarcane farming and refined sugar manufacturing ($1.8 Bn), mining ($1.6 Bn), and livestock and dairy farming and animal products manufacturing ($1.2 Bn). Some other smaller industry groups with value added impacts less than $1 billion were fishing and seafood products ($413 Mn), grain and oilseed farming and processing ($93 Mn), other crop farming, including cotton, nuts, and miscellaneous crops ($239 Mn), and wildlife hunting and trapping ($45 Mn). As shown in Table 2, some of the largest individual industry sectors, all with over one billion dollars in value added impacts were landscape services ($4.16 Bn), soft drink and ice manufacturing ($2.92 Bn), other tobacco product manufacturing ($2.79 Bn), greenhouse and nursery production ($2.66 Bn), phosphatic fertilizer manufacturing ($2.39 Bn), fruit and vegetable canning and drying ($2.26 Bn), agriculture and forestry support activities ($2.12 Bn), fruit farming ($1.99 Bn), vegetable and melon farming ($1.98 Bn), frozen food manufacturing ($1.27 Bn), sugar manufacturing ($1.26 Bn), paper and paperboard mills ($1.23 Bn), and forest nurseries and timber tracts ($1.05 Bn). Regional value added impacts of agriculture and natural resource industries are shown in Table 3 for the nine economic regions of Florida, defined based on employee commuting patterns. A map of the counties included in these regions is shown in Figure 1. Total value added impacts were largest in the Miami-Ft. Lauderdale region ($11.84 Bn), followed by Orlando ($9.37 Bn), Tampa-St.Petersburg-Clearwater ($6.71 Bn), Jacksonville ($5.70 Bn), Sarasota-Bradenton ($3.78 Bn), Gainesville ($1.19 Bn), Tallahassee ($1.21 Bn), Pensacola ($688 Mn) and Panama City ($381 Mn). Figure 1. Economic regions of Florida. The total value added impacts of agricultural and natural resource industries in Florida grew from $33.77 Bn in 2001 to $41.12 Bn in 2003, adjusted for inflation to express in 2005 U.S. dollars (Table 4). This represented an overall growth rate of 20 percent, or 10 percent per annum. Rapid growth occurred for tobacco products (104%), other crop farming (33%), and forest products (27%); moderate growth occurred for environmental horticulture (17%), fruits and vegetables (17%), agricultural inputs and supporting services (16%), and other food product manufacturing (15%); and negative growth occurred for grains and oilseeds (-93%), wildlife hunting and trapping (-55%), and livestock, dairy and animal products (-13%). Note that these trends in value added impacts reflect changes in the structure of the Florida economy as well as changes in industry activity and commodity prices. The relative importance of agricultural and natural resource industries in Florida can be gauged by its share of overall economic activity in the state, as shown in Table 5. The Gross State Product (GSP), which is the sum of value added for all industries, was $578.9 Bn in 2003 (expressed in 2005 U.S. dollars), and the total employment in the state was 9,391,709 jobs. The direct value added by agriculture and natural resource industries ($19.2 Bn) comprised about 3.3 percent GSP, while direct employment (388,916 jobs) represented 4.1 percent of total state employment. However, the total value added impacts of agricultural and natural resource industries ($41.1 Bn) represented 7.1 percent GSP, and the total employment impact (756,993 jobs) accounted for 8.1

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Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003 3 percent of total state employment. By comparison, the largest industry group in Florida was real estate and financial services, whose direct value added represented 14.2 percent GSP, followed by professional and technical services (12.7%), retail trade (7.8%), government (7.2%), and health care (7.1%). References Johnson, K., and J. Kort. 2004. Redefinition of the BEA Economic Areas. Survey of Current Business, pp. 68-75, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C. (November). MIG, Inc. 2005. Implan data for Florida counties (2003), Minnesota Implan Group, Inc., Stillwater, MN (December).

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Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003 4 Table 1. Economic impacts of agricultural and natural resource industry groups in Florida, 2003. Industry Group Output Output Impacts Value Added Value Added Impacts Exports Labor Income Impacts Indirect Business Tax Impacts Employment Employment Impacts (Mn$)* (Mn$)* (Mn$)* (Mn$)* (Mn$)* (Mn$)* (Mn$)* (Jobs) (Jobs) Agricultural Inputs & Services (fertilizers/pesticides/veterinary/support activites/equipment manufacturing) 8,344 14,678 2,843 6,505 4,936 5,055 368 109,409 166,714 Forestry, Wood & Paper Product Manufacturing 7,949 14,537 2,508 6,503 5,150 4,230 386 30,741 105,111 Other Food Product Manufacturing 8,567 13,903 2,447 5,499 4,392 3,086 515 22,751 68,273 Fruit & Vegetable Farming & Processing 6,442 13,217 3,311 7,491 5,159 4,006 429 40,720 110,222 Environmental Horticulture (nursery/ greenhouse/landscape services 6,730 10,851 4,243 6,821 2,722 4,359 320 110,281 152,820 Tobacco Farming & Manufacturing 2,824 5,736 1,184 2,949 1,910 1,262 170 2,636 28,411 Livestock & Dairy Farming & Animal Products Manufacturing 4,073 4,787 751 1,158 682 661 79 23,730 31,118 Sugarcane Farming, Refined Sugar & Confections 2,243 4,572 549 1,839 1,360 1,091 145 23,942 52,778 Mining 2,442 3,490 920 1,566 784 860 114 10,311 20,590 Fishing & Seafood Products 782 1,062 241 413 197 299 19 11,102 13,905 Other Crop Farming 191 386 118 239 156 108 14 1,317 3,533 Grain & Oilseed Farming & Processing 92 206 21 93 94 55 8 342 1,455 Wildlife (hunting) 118 139 32 45 12 28 9 1,634 2,062 Total (all industries) 50,799 87,565 19,169 41,123 27,551 25,102 2,576 388,916 756,993 Source: Implan data for Florida, MIG, Inc., 2005). Values expressed in 2005 U.S. dollars using GDP implicit price deflator, July 2003-July 2005 (U.S. Department of Commerce).

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Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003 5 Table 2. Economic impacts of agricultural and natural resource industry sectors in Florida, 2003. Industry Group Industry Sector Output Output Impacts Employment Impacts Value Added Impacts (Mn$)*(Mn$)*(Jobs)(Mn$)* Fruit & Vegetable Farming & Processing Frozen food manufacturing 1,165.5 2,588.0 18,276 1,268.9 Fuirt & vegetable canning & drying 2,110.6 4,663.6 28,498 2,258.8 Fruit farming 1,606.1 3,140.3 39,035 1,987.8 Vegetable & melon farming 1,559.7 2,825.1 25,392 1,975.9 Total 6,442.0 13,217.0 110,222 7,491.4 Environmental Horticulture (nursery/greenhouse/ landscape services) Greenhouse & nursery production 1,747.5 3,329.7 35,952 2,658.5 Landscape services (70% services to bldgs sector) 4,982.8 7,521.8 116,868 4,162.2 Total 6,730.3 10,851.4 152,820 6,820.8 Agricultural Inputs & Services (fertilizers/ pesticides/veterinary/ support activities/ equipment manufacturing) Agriculture & forestry support activities 1,505.9 3,035.3 95,204 2,118.2 Farm machinery & equipment manufacturing 153.0 189.0 846 58.3 Fertilizer, mixing only, manufacturing 285.5 285.5 790 67.2 Food product machinery manufacturing 66.0 84.9 580 33.8 Lawn & garden equipment manufacturing 15.0 16.7 54 3.3 New farm housing units & additions & alterations 1,026.7 1,026.7 4,149 334.6 Nitrogenous fertilizer manufacturing 595.4 1,077.4 4,492 356/8 Paper industry machinery manufacturing 19.7 26.9 172 10.0 Pesticide & other agricultural chemical manufacturing 421.3 859.9 4,359 388.9 Phosphatic fertilizer manufacturing 3,088.5 6,587.8 34,594 2,393.4 Sawmill & woodworking machinery 5.0 6.1 44 2.3 Veterinary services 1,162.4 1,481.5 21,430 738.6 Total 8,344.4 14,677.8 166,714 6,505.4

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Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003 6 Table 2. Economic impacts of agricultural and natural resource industry sectors in Florida, 2003. Industry Group Industry Sector Output Output Impacts Employment Impacts Value Added Impacts (Mn$)*(Mn$)*(Jobs)(Mn$)* Forestry, Wood, & Paper Product Manufacturing All other converted paper product manufacturing 43.2 101.2 730 50.3 Coated & laminated paper & packaging materials 142.3 319.8 2,081 148.6 Coated & uncoated paper bag manufacturing 132.9 264.8 1,718 112.6 Cut stock, resawing lumber, & planing 18.9 29.3 238 10.5 Engineered wood member & truss manufacturing 930.1 1,443.8 10,771 679.3 Forest nurseries, forest products & timber 578.4 1,856.6 27,022 1,046.6 Logging 605.8 678.7 3,695 299.8 Miscellaneous wood product manufacturing 55.3 61.5 540 24.6 Other millwork, including flooring 288.1 299.7 1,878 83.3 Paper & paperboard mills 1,058.3 2,604.3 15,911 1,228.3 Paperboard container manufacturing 1,136.1 2,023.3 12,379 815.1 Pulp mills 723.6 1,882.6 11,573 818.0 Reconstituted wood product manufacturing 3.0 3.8 17 1.6 Sanitary paper product manufacturing 738.7 1,378.6 7,630 667.9 Sawmills 465.4 518.5 2,444 147.1 Surface-coated paperboard manufacturing 8.3 9.1 35 2.3 Veneer & plywood manufacturing 193.5 218.7 1,356 71.7 Wood container & pallet manufacturing 153.7 158.1 1,475 64.3 Wood preservation 156.3 159.6 635 35.0 Wood windows & door manufacturing 516.9 524.8 2,982 196.5 Total 7,948.7 14,536.7 105,111 6,503.3

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Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003 7 Table 2. Economic impacts of agricultural and natural resource industry sectors in Florida, 2003. Industry Group Industry Sector Output Output Impacts Employment Impacts Value Added Impacts (Mn$)*(Mn$)*(Jobs)(Mn$)* Other Food Product Manufacturing All other food manufacturing 121.6 141.1 652 32.2 Bread & bakery product, except frozen, manufacturing 1,166.1 1,180.0 9,786 535.4 Breakfast cereal manufacturing 0.0 0.0 0 0.0 Breweries 787.3 1,615.2 8.943 880.4 Coffee & tea manufacturing 270.3 298.4 800 63.7 Cookie & cracker manufacturing 290.3 290.3 914 89.2 Distilleries 239.2 524.3 3,404 341.5 Dog & cat food manufacturing 29.5 31.2 47 2.6 Dry pasta manufacturing 11.9 12.4 49 3.2 Fats & oils refining & blending 41.8 57.9 179 15.0 Flavoring syrup & concentrate manufacturing 631.3 647.8 479 121.7 Frozen cakes & other pastries manufacturing 6.8 7.4 65 2.1 Mayonnaise, dressing, & sauce manufacturing 156.6 168.6 508 51.1 Mixes & dough made from purchased flour 0.6 0.6 2 0.1 Other animal food manufacturing 304.1 538.1 2,523 167.3 Other snack food manufacturing 414.8 422.1 877 131.0 Roasted uts & peanut butter manufacturing 4.6 5.9 23 1.9 Soft drink & ice manufacturing 3,751.3 7,568.7 37,696 2,915.6 Spice & extract manufacturing 284.9 293.3 703 103.7 Tortilla manufacturing 0.1 0.1 1 0.0 Wineries 54.5 100.1 622 41.4 Total 8,567.5 13,903.3 68,273 5,499.0

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Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003 8 Table 2. Economic impacts of agricultural and natural resource industry sectors in Florida, 2003. Industry Group Industry Sector Output Output Impacts Employment Impacts Value Added Impacts (Mn$)*(Mn$)*(Jobs)(Mn$)* Tobacco Farming & Manufacturing Cigarette manufacturing 236.1 248.8 229 119.8 Other tobacco product manufacturing 2,545.0 5,408.1 27,306 2,793.2 Tobacco farming 20.7 43.7 701 28.6 Tobacco stemming & redrying 22.2 35.6 177 8.0 Total 2,823.9 5,736.1 28,411 2,949.5 Sugarcane Farming, Refined Sugar & Confections Confectionery manufacturing from cacao beans 10.1 12.4 44 3.7 Confectionery manufacturing from purchased chocolate 114.8 159.8 878 51.4 Nonchocolate confectionery manufacturing 138.8 198.9 1,120 83.9 Sugar manufacturing 1,390.2 3,302.4 26,645 1,263.6 Sugarcane & sugar beet farming 588.9 898.7 24,091 436.4 Total 2,242.8 4,572.2 52,778 1,839.0 Mining Coal mining 9.8 14.6 78 7.8 Copper, nickel, lead, & zinc mining 0.4 0..5 4 0.3 Drilling oil & gas wells 22.2 47.2 479 28.4 Gold, silver, & other metal ore mining 88.9 168.3 1,117 113.5 Iron ore mining 0.4 1.0 7 0.6 Oil & gas extraction 1,456.0 1,485.4 5,193 276.1 Other nonmetallic mineral mining 449.2 780.8 5,513 498.3 Sand, gravel, clay, & refractory mining 145.7 373.9 3,198 247.8 Stone mining & quarrying 253.1 580.9 4,597 367.9 Support activities for oil & gas operations 11.3 23.3 288 17.2 Support activities for other mining 5.4 13.8 115 8.6 Total 2,442.3 3,489.8 20,590 1,566.5

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Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003 9 Table 2. Economic impacts of agricultural and natural resource industry sectors in Florida, 2003. Industry Group Industry Sector Output Output Impacts Employment Impacts Value Added Impacts (Mn$)*(Mn$)*(Jobs)(Mn$)* Livestock & Dairy Farming & Animal Products Manufacturing Animal production, except cattle & poultry 267.3 318.5 8,176 77.2 Animal, except poultry, slaughtering 415.7 480.3 1,863 81.0 Cattle ranching & farming 715.5 1,044.9 10,871 266.0 Cheese manufacturing 69.8 70.3 110 5.6 Creamery butter manufacturing 2.7 2.8 6 0.2 Dry, condensed, & evaporated dairy products 93.8 105.1 232 27.5 Fluid milk manufacturing 694.1 696.1 1,229 88.4 Ice cream & frozen dessert manufacturing 275.3 277.7 677 62.4 Meat processed from carcasses 550.4 567.8 1,691 78.6 Poultry & egg production 376.1 551.7 2,710 284.0 Poultry processing 527.6 552.1 3,104 147.1 Rendering & meat by-product processing 84.4 119.8 448 40.3 Total 4,072.9 4,787.1 31,118 1,158.4 Fishing & Seafood Products Fishing 142.2 320.3 10,263 209.6 Seafood product preparation & packaging 639.6 742.1 3,642 203.6 Total 781.8 1,062.4 13,905 413.2 Other Crop Farming All other crop farming 147.4 287.3 2,499 180.2 Cotton farming 42.2 95.4 998 56.7 Tree nut farming 1.6 3.3 36 2.1 Total 191.2 386.0 3,533 239.0

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Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003 10 Table 2. Economic impacts of agricultural and natural resource industry sectors in Florida, 2003. Industry Group Industry Sector Output Output Impacts Employment Impacts Value Added Impacts (Mn$)*(Mn$)*(Jobs)(Mn$)* Grain & Oilseed Farming & Processing Flour milling 62.2 116.5 584 46.2 Grain farming 9.1 18.9 304 10.7 Oilseed farming 2.3 34.7 375 21.4 Rice milling 18.8 36.3 192 14.4 Total 92.5 206.4 1,455 92.8 Wildlife (hunting) Total 118.2 138.9 2,062 45.1 Total (all industries) 50,798.5 87,565.1 756,993 41,123.3

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Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003 11 Table 3. Value added impacts of agricultural and natural resource industry groups in economic regions of Florida, 2003. Industry Group Miami-Ft. Lauderdale Orlando SarasotaBradenton Tampa-St. PetersburgClearwater Jacksonville Gainesville Tallahassee Panama City Pensacola Total All Regions (Mn$)* (Mn$)* (Mn$)* (Mn$)* (Mn$)* (Mn$)* (Mn$)* (Mn$)* (Mn$)* (Mn$)* Agricultural Inputs & Support Services 1,316.6 2,530.7 491.7 992.8 249.5 56.4 297.6 18.7 48.4 6,002.3 Environmental Horticulture 2,504.2 1,773.5 723.0 804.1 423.0 109.8 101.5 43.8 70.4 6,553.4 Fishing & Seafood Products 131.6 66.2 22.9 218.7 19.8 2.6 17.3 10.1 8.2 497.4 Forestry, Wood, & Paper Products 1,226.8 1,117.0 139.9 504.9 1,298.4 400.4 529.8 194.2 366.0 5,877.6 Fruit & Vegetable Products 2,174.2 1,794.7 2,084.3 775.8 150.6 102.4 27.2 14.7 5.3 7,129.4 Grain & Oilseed Products 42.1 4.7 1.2 21.6 1.8 2.2 6.5 3.7 2.8 86.7 Livestock, Dairy, & Animal Products 209.0 204.3 48.1 307.5 76.9 404.5 70.9 40.6 50.3 1,412.0 Mining 265.7 514.2 157.6 970.0 108.0 27.4 26.1 2.9 79.2 2,151.0 Other Crop Farming 14.5 33.4 3.6 10.7 1.5 39.4 6.0 47.3 45.7 202.2 Other Food Product Manufacturing 1,569.7 1,267.3 84.0 1,129.9 1,723.0 11.8 15.5 4.1 11.0 5,816.3 Sugarcane & Refined Sugar 1,828.4 59.5 16.5 72.2 13.3 1.0 0.0 0.3 0.4 1,991.5 Tobacco Products 545.8 0.0 3.5 886.6 1,629.8 17.9 7.2 0.0 0.0 3,091.0 Wildlife (hunting) 15.2 6.3 1.7 14.9 2.3 12.0 6.9 0.0 0.0 59.3 Total All Industries 11,844 9,372 3,778 6,710 5,698 1,188 1,213 381 688 40,870 Source: Implan data for Florida (MIG, Inc. 2005). Values expressed in 2005 U.S. dollars using GDP implicit price deflator, July 2003-July 2005 (U.S. Department of Commerce).

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Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003 12 Table 4. Trend in value added impacts of agricultural and natural resource industry groups in Florida, 2001-2003. Industry Group 2001 2002 2003 Percent Change 2001-03 (Mn$)* (Mn$)* (Mn$)* (%) Agricultural Inputs & Services (fertilizers/pesticides/ veterinary/support activities/equipment manufacturing 5,559 5,6316,503 16% Environmental Horticulture (nursery/greenhouse/ landscape services) 5,763 6,3916,821 17% Fishing & Seafood Products 394 436 413 5% Forestry, Wood, & Paper Product Manufacturing 4,930 5,8476,503 27% Fruit & Vegetable Farming & Processing 6,294 7,6347,491 17% Grain & Oilseed Farming & Processing 221 103 93% Livestock & Dairy Farming & Animal Products Manufacturing 1,315 1,1101,158% Mining 1,445 1,5331,566 8% Other Crop Farming 173 190 239 33% Other Food Product Manufacturing 4,752 4,8505,499 15% Sugarcane Farming, Refined Sugar & Confections 1,678 1,6881,839 9% Tobacco Farming & Manufacturing 1,172 9952,949104% Wildlife (hunting) 78 54 45% Grand Total 33,774 36,462 41,120 20% Source: Implan data for Florida (MIG, Inc., 2005). Values expressed in 2005 U.S. dollars using GDP implict price deflator (U.S. Department of Commerce).

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Economic Impacts of Agricultural and Natural Resource Industries in Florida, 2003 13 Table 5. Employment and value added of all industry groups in Florida, 2003. Industry Group (NAICS Basis) Direct Employment Direct Value Added Jobs Share (%) Mn$* Share (%) Real Estate & Financial Services 804,949 8.6% 82,45914.2% Professional & Technical Services 1,492,494 15.9% 73,32712.7% Retail Trade 990,428 10.5% 45,2517.8% Government 609,769 6.5% 41,7817.2% Health Care 749,381 8.0% 40,8687.1% Private Households 143,454 1.5% 39,1966.8% Wholesale Trade 355,109 3.8% 36,4906.3% Construction 701,544 7.5% 35,2736.1% Travel, Food, & Entertainment Services 950,313 10.1% 31,5655.5% Manufacturing 317,640 3.4% 26,6814.6% Information & Communications 256,251 2.7% 25,1314.3% Education 593,548 6.3% 25,0644.3% Consumer Services 459,300 4.9% 20,6163.6% Agriculture, Natural Resources, Related Manufacturing & Services** 388,916 4.1% 19,1693.3% Transportation 300,857 3.2% 18,4813.2% Utilities 28,330 0.3% 10,4631.8% Social Services & Organizations 249,426 2.7% 7,2301.2% Miscellaneous Residual Accounts 0 0.0% 0.0% Grand Total 9,391,709 100.0% 578,910 100.0% Source: Implan data for Florida (MIG, Inc., 2005). Values expressed in 2005 U.S. dollars using GDP implict price deflator (U.S. Department of Commerce). ** Agriculture, natural, resources, related manufacturing & services amounts netted-out of other industry groups.