Economic Contributions of Agriculture, Natural Resources, and Food Industries in Florida in 2015: FE1020, 7/2017

Abstract

This analysis was conducted using the Implan regional

economic modeling system and associated state and

county databases (IMPLAN Group LLC) to estimate

economic multipliers and contributions for over 500

different industry sectors. Multipliers capture the indirect

and induced economic activity generated by re-spending of

income or sales revenues in a regional economy. A collection

of 121 industry sectors were included in the analysis

to represent the broad array of activities encompassed by

agricultural and natural-resource commodity production,

manufacturing, distribution and supporting services in

Florida. Economic contributions can be measured in terms

of employment, industry output, value added, exports,

labor income, other property income, and business taxes. A

glossary of economic terms used in this report is provided

following this summary.