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The dairy
will generate at least $2.4 million in gross revenue per year for over the
next 20 or more years
An estimated six million dollars in economic activity will be generated
annually in the state due to the multiplier effect of the annual
expenditures of the dairy. Most of that economic activity will be generated
in the surrounding rural area. For every dollar spent by the dairy,
approximately $2.50 in business purchases and wages are created in the
state’s economy.
The dairy will generate $10,000 per year in real estate and property taxes.
The dairy will spend $10,000 per year in insurance fees
The dairy will spend $60,000 per year in utilities, fuel and oil
The dairy will provide direct employment to 11 full-time positions such as a
dairy manager, herdsman, milkers, feeders and others. Total labor expenses
including benefits for the dairy operation will be $260,000.
Indirect jobs in the community supported by dairy operation include:
equipment repair and maintenance, insurance, banking, custom manure hauling,
dairy supplies, and veterinary services.
The dairy will provide local crop producers with a new market for their
crops; total crop acreage needed for the dairy will be 1,466 acres. Corn
silage, alfalfa silage, alfalfa hay, grass hay and corn will be needed to
supply feed to the dairy.
Nutrient management from the dairy will help local landowners save $19 - $73
per acre in reduced fertility costs by the use of dairy manure. A minimum of
1,626 acres will be needed for accepting manure. |