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News Brief

April 26, 2011NORTH CENTRAL MISSOURI, MO |  By: Compton

Premium Standard Farms

An economic impact study of premium standard farms and farmland foods has been completed by the commercial agriculture program, at the University of Missouri Extension.

Using an economic input-output model, "Implan", the authors determined the combined economic impact of PSF and farmland foods to the state of Missouri to be 1.1 billion dollars annually. Seanicaa Edwards, commercial agriculture program economist and the study's author says it was done to communicate the contributions of agribusiness to Missouri's economy. The economic impact study indicated that PSF and farmland foods were significant contributors to the economic vitality of Missouri, particularly northcentral Missouri. The complete study is available at www.agebb.missouri.edu