Economic Impact of Michigan’s Beef Industry
The beef industry is a vital part of Michigan’s agriculture economy. Cash receipts from the sale of cattle and calves in Michigan amount to over $375 million annually. Additionally, every dollar generated from cattle sales results in more than 4 times that in total economic activity in the local area. As a result, the economic stability of the beef industry is amplified throughout Michigan’s rural communities, affecting grain elevators, feed companies, equipment dealerships, farm supply stores, rural banks, and public schools.
Role of the MSU Beef Team
As an integral part of the nation’s pioneer land-grant university, the MSU Beef Team has responsibility for delivering relevant knowledge of dynamic beef industry practices to our clientele. The beef industry in the U.S. is undergoing dramatic change. Changes in industry consolidation, vertical coordination and integration, market specifications, production economics, and consumer expectations are all challenging the ability of Michigan’s beef industry to remain competitive. The MSU Beef Team is working with the beef industry to adapt to the current challenges and anticipate those beyond the horizon.