U.S. dairy industry increases U.S. economic impact by $41B
The U.S. dairy industry’s economic impact totaled $793.75 billion.
The U.S. dairy industry added nearly 60,000 new jobs, increased average wages by 11%, and hiked 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 at the beginning of National Dairy Month, is conducted every two years to quantify the industry’s impact on local, state and national economies.