Economics & Marketing Number of pigs marketed in NC in 2006 : 18,359,000
For a dollar value of : $1,917,244,000.
This number reflects: 19% of the pigs produced nationally
Jobs and People*7,932 full time jobs in hog production in North Carolina in 2006 *Annual value added (income) by pork producers in 2006 of $730 million
*Substantial income tax revenue *Investment in buildings and equipment of $1400 per sow
*More than $1 billion invested in hog buildings and equipment since 1988 *$500 million current asset value in hog buildings and equipment
*Approximately $3.7 million in property tax revenue in 2007 *Requires very few government services for taxes generated *Indirect and induced effects of North Carolina hog production include: - $570 million in value added (income) in North Carolina
- 15,521 full time jobs in North Carolina wholesale and retail trade, services, other agriculture, manufacturing, transportation, etc.
*Supports the pork packing and processing industry in North Carolina: - $446 million in direct value added (income) in North Carolina
- 11,569 full time jobs in pork packing and processing in North Carolina
- $370 million in indirect and induced value added (income) in North Carolina
- 11,219 full time jobs in North Carolina wholesale and retail trade, services, other agriculture, manufacturing, transportation, etc.
*Total economic impact of the pork industry in North Carolina in 2006 is estimated at: - $2.11 billion in value added (income)
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