The Vermont Dairy Industry brings $2.2 Billion in economic activity to Vermont annually, according to a new study funded by the Vermont Dairy Promotion Council.
Recognizing the need for up-to-date data about dairy’s impact on Vermont’s economy, the Vermont Dairy Promotion Council partnered with the Vermont Agency of Commerce and Community Development, the Vermont Agency of Agriculture, and Castleton Polling to quantify the impact of the industry on Vermont’s economy and way of life. The study, which began in March 2014, was funded by dairy farmers through the state’s dairy check-off program.
According to the economy findings, $3 million in circulating cash to the state each day. The dairy industry provides 6,000-7,000 Vermont jobs and every cow brings $12,500 in economic activity to Vermont annually.
Also in the findings, 15% of the state is covered by dairy farms and more than 80% of Vermont’s farmland is dedicated to dairy.
“The dairy industry is a significant economic driver for Vermont,” according to Patricia Moulton, Secretary of the Agency of Commerce. “This study helps contextualize the importance of dairy relative to Vermont’s overall economy.”
“We’ve lacked up-to-date data about the industry’s impact,” said dairy farmer Bob Foster, a member of the Vermont Dairy Promotion Council. “This study provides a better understanding of the collective role family farms play in the bigger picture for our state.”