This website uses cookies to ensure you have the best experience. Learn more

Impacts Of Wyoming’s Agriculture On Economy

1490 words - 6 pages

Wyoming’s economy includes four main aspects: agriculture, manufacturing, mining, and service. Among them, agriculture takes an important place in Wyoming’s economy. It contributes numerous billions to economy every year. There is a general evaluation of Wyoming’s agriculture from a website. “Historically, agriculture has been an important component of Wyoming’s economic identity. Its overall importance to the performance of Wyoming’s economy has waned. However, it is still an essential part of Wyoming’s culture and lifestyle.” (www. It shows the importance in Wyoming’s culture and lifestyle. What it does not mention are the economic impacts. They cannot be ignored, either.
This information illustrates the status quo of Wyoming’s agriculture. “Historically, agriculture has been important to Wyoming’s cultural identity and the quality of life of its citizens… There currently 9,200 agricultural producers operating in Wyoming. Overall Wyoming agricultural production in 2001 amounted to $1.057 billion and of that sum; gross value added to the economy was $471.2 million.”(Bittner, 2) “Agriculture contributes $800 million annually to Wyoming’s economy, approximately 80% of which is cattle production.” ( From the previous figures, we can see that agriculture occupies an important position in Wyoming’s economy. It increases economic growth and gross domestic product.
Wyoming’s agriculture distinguishes from other states by the amount of farms and ranches, and agricultural land shares. “Wyoming has 9,200 farms and ranches in operation across the state—nearly 8,800 of them family or individual owned. The state is ranked 11th in the nation in total land for farming and ranching, with more than 34 million acres. The state brings in more than $1 billion in receipts each year from the farming and ranching industry.”(ICF International in partnership with Link WYOMING, 2)
From the words, we can see the importance and necessary of agriculture to Wyoming’s culture and lifestyle. What is the more important point is that the economic effects of agriculture. Three positive impacts of Wyoming’s agriculture on economy are contributing to economy directly, increasing export sales substantially, and providing opportunities for jobs and higher income. However, as a coin has two sides, there is still a negative economic impact. It is that waning agriculture leads to economic recession.
The first positive impact is that agriculture contributes to the economy directly. For instance, the following figures demonstrates the direct contribution of agriculture to economy in 2011 and 2012. “Farmers markets throughout Wyoming contributed over $1 million to the state’s economy in 2011, according to data recently compiled by the Wyoming Business Council Agribusiness Division.” ( “Farmers markets throughout Wyoming...

Find Another Essay On Impacts of Wyoming’s Agriculture on Economy

Tourism impacts on environment, economy and society

2256 words - 9 pages criteria.II.Impacts caused by Tourism1.Impacts of Tourism on the EconomyTourism has a variety of economic impacts. Tourists contribute to sales, profits, jobs, tax revenues, and income in an area. Tourism develops lead to many changes to the Economy. There are positive changes as well as negative ones.1.1.The Positive Impacts of Tourism on the EconomyTourism creates jobs for people from many groups of age ranging. Due to tourism, there are jobs created in the

The Airline Industry Impacts on Economy

1773 words - 7 pages The airline industry has had many affects from the economy. This paper will explain how the economy has affected the airline industry by explaining the shifts and price elasticity of the supply and demand; as well as provide information about the positive and negative externalities. The monetary and fiscal policies have had several different impacts on this industry and this paper will explain that along with the wage inequalities occurring

Environmental Impacts of Unsustainable Agriculture in Brazil and Costa Rica

2050 words - 8 pages imposed by European colonists on indigenous peoples, and eventually to African slaves, in order to perform labor-intensive farming practices. Since the introduction of the use of slaves, these countries became known as having a plantation economy. Plantation economies are based on agricultural large-scale production of traditional and nontraditional staple crops grown on large farms or plantations and rely on the export of their crops as a source

Impact of rainfall on agriculture

1415 words - 6 pages situation has an adverse impact on the society as those who cannot get access to food may want to obtain it through unfair means. Often in a situation of drought the small farmers are taken advantage of as the wealthy want to buy their assets at cheap prices thereby increasing inequalities. Amartya Sen in his article ‘Poverty and famines’ in 1981 studied the impact of drought on the income levels of rich and poor. The Food and Agriculture Organization

Ecotourism in Kenya: Impacts on environment, people and economy

700 words - 3 pages . Unfortunately, 70% of national parks and game reserves are on pastoral lands, particularly Masai land.Ecotourism is a major contributor to Kenya's economy. There are 55 000 people employed in the wildlife industry alone. And the wildlife market generates half of the country's foreign exchange earnings. Therefore, the wildlife market is the biggest contributor to Kenya's foreign economy.Ecotourism has had both positive and negative impacts on the

Effect of Agriculture on International Trade Negotiations

3589 words - 14 pages Effect of Agriculture on International Trade NegotiationsObjective:-Agriculture is one of the prominent sectors of every economy. With the current industrial slowdown impacting the economies around the world, agriculture role in the contribution to nation's economic health has become overwhelming. Our objective in this paper is to identify the effects on international trade negotiations like the DOHA round of WTO. The DOHA Round has been on for

The Effects of Genetic Engineering on Agriculture

1678 words - 7 pages The Effects of Genetic Engineering on Agriculture Agribiotechnology is the study of making altered agricultural products. Agribusiness is trying to alter the genes of already existing products to try to enhance the biocompetitiveness and adaptability of crops by enhancing plant resistance to drought, salinity, disease, pests and herbicides. They are going to try to enhance their growth, productivity, nutrient value, and chemical

Impacts of Free Trade Agreements in Colombia's Emerging Economy

3170 words - 13 pages laborite Unlike the literature on Economics Help listing the negative impacts of free trade agreement, the Latin American Working Group (LAWG) website,, offers a literature listing the negative impacts of the U.S-Colombia FTA on Colombia's labor force. The Latin American Working Group disputes that there will be negative impacts on human and labor rights, on the economy and environmental. From the negative impacts mentioned by the

Discuss the main features of Australia's recent Balance of Payment performance & the impacts of a high current account deficit on the Australian economy

1012 words - 4 pages Australia's balance of payment is a record of all transaction between Australia & the rest of the world (over a period of one year). It consists of two account, the current account (which measures money flows from exports/imports, income and current transfers) and the Capital & Financial Account (Financial assets or liabilities). The BOP is an indicator on the health of the economy because it records financial transactions coming in and

Impacts of Herbicides on Crops and Weeds

2393 words - 10 pages negative connotations, they have multiple benefits that effect agriculture, our economy, homes, rangelands, forests and public areas. In the agricultural industry, chemical controls return swift results, cost less, result in higher crop yields, give long-term control, and can often be the most realistic option. It is perceived by growers that the benefits of herbicides outweigh the risks. Since the green revolution (the high use of chemicals and

Impacts of WTO on Trading Countries

1287 words - 5 pages Impacts of WTO on Trading Countries      International trading has had its delays and road blocks, which has created a number of problems for countries around the world. Countries, fighting with one another to get the better deal, create tariffs and taxes to maximize their profit. This fighting leads to bad relationships with competing countries, and the little producing countries get the short end of this stick

Similar Essays

Impacts Of Globalization On Swedish Economy And Businesses

2124 words - 8 pages outsourced their production facilities to stay competitive; the Swedish manufacturing industry will eventually shrink in scale, which can have detrimental impacts on the domestic economy (Soh, 2013). Swedish industrial designers who choose to manufacture their products locally can face the challenge of price pressure due to increasing costs creating limited options in complex manufacturing techniques. This is partly why Swedish manufactures have to keep

Impacts Of Trade Unions On The South African Economy

2400 words - 10 pages “Trade unions in South Africa play a significant role in the economy. Trade unions have been active in responding to the fiscal policies of government. Unions argue that their proposals for the budget will increase economic growth and support job creation. Criticism of trade union views on the budget has focused on the affordability of these proposals, and on their impacts on business growth. Will trade union alternatives on the budget support

Impacts Of Organic Farming On The Efficiency Of Energy Use In Agriculture

1176 words - 5 pages Consumers Association. Web. 20 Apr. 2014. Pimentel, David. “Impacts of Organic Farming on the Efficiency of Energy Use in Agriculture.” The Organic Center. Web. 20 Apr. 2014. Volpe, Richard, Edward Roeger, and Ephraim Leibtag. "How Transportation Costs Affect Fresh Fruit and Vegetable Prices." USDA ERS - Report Summary. USDA

The Social And Economical Impacts Of Organic Farming On Agriculture And The Environment

1199 words - 5 pages economic and ecological benefits from it. This study will also help the farmers in creating awareness about the organic farming for its social and economical impacts on agriculture and environment. The social benefits will include employment opportunities as entrepreneurs, eco friendly environment and better opportunities. The organic products can gain more economic benefits in the global market. It can improve the life and health of farmers