Economic impact of U.S. dairy industry is nearly $794 billion
The U.S. dairy industry grew significantly over the past two years, adding nearly 60,000 new jobs, increasing average wages by 11%, and increasing its total impact on the U.S. economy by $41 billion, according to the latest economic impact report from the International Dairy Foods Association (IDFA).
IDFA’s 2023 Economic Impact Study, which measures the combined impact of the dairy industry—including the milk, cheese, ice cream, cultured dairy products, and ingredients sectors—showed the U.S. dairy industry’s economic impact totaled $793.75 billion. The report, released during National Dairy Month, is conducted every two years to quantify the industry’s impact on local, state and national economies.
June 15, 2023