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.
The information, collected by the Agribusiness Division and run through an economic impact model by David "Tex" Taylor from the University of Wyoming College of Agriculture and Natural Resources, found that direct sales of $800,000 also generated secondary sales of nearly $250,000. The results are based on responses collected by the Business Council from 14 of the 44 farmers markets operating in Wyoming.
“Farmers markets are a tremendous resource for a community,” said Kim Porter, farmers market and education program manager at the Business Council. “Not only do they provide a fun social event for communities, but also economic revitalization. It’s amazing to see that nearly one quarter of Wyoming farmers markets are impacting the state’s economy by more than a million dollars a year.”
The study also found this economic activity supported the equivalent of nearly 10 annual jobs in the state’s economy with labor income totaling nearly $244,000. The average annual earnings per job are estimated to be over $25,000. The approximately 10 annual jobs generated by Wyoming’s farmers markets represents nearly 20,800 hours of employment with a wage rate of nearly $12.00 per hour.
The farmers market season runs roughly from June to October with some winter markets available. To find a farmers market in Wyoming visit http://www.wyomingbusiness.org/program/farmers-markets/1302. For questions regarding farmers markets in Wyoming and the farmers market program, contact Kim Porter at 307.777.6319 or firstname.lastname@example.org.
The mission of the Business Council is to facilitate the economic growth of Wyoming. The Business Council, a state government agency, concentrates its efforts on providing assistance for existing Wyoming companies and start-ups, helping communities meet their development and diversification needs, and recruiting new firms and industries targeted to complement the state’s assets. For more information, please visit www.wyomingbusiness.org.