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MCO AG REPORT - ECONOMICS - 04/12/12 10:33 S.S.

a  new  report  was  released   yesterday  regarding  the  importance  of  agriculture  in  the  economic  health  of  monterey  county.       researchers  examined  not  only  data  about  annual  crop production  (and  the  direct  monetary  yield  from  that),   but  also  the  so-called  “multiplier  effects”  of  added  spenDing  (that  COMES  FROM  THAT  MONEY).

MONTEREY  COUNTY  AGRICULTURE  CONTRIBUTED  MORE  THAN  5  BILLION  DOLLARS  IN  DIRECT  ECONOMIC  OUTPUT,   AND  A  LITTLE  MORE  THAN   3  BILLION  DOLLARS  IN  ADDED  SPENDING  (PUTTING  MORE  THAN  8  BILLION  DOLLARS  INTO  THE  LOCAL  ECONOMY  LAST  YEAR)….AND  THAT  DOESN’T  EVEN  TAKE  INTO  ACCOUNT  THE  GROCERIES AND  ENTERTAINMENT THAT  AG  WORKERS  AND  PRODUCERS  BUY,  OR  THE  TAXES  THEY  PAY.

THE  REPORT  WAS  PUT  TOGETHER  BY  2  ECONOMISTS  FROM  THE  MONTEREY  INSTITUTE  OF  INTERNATIONAL  STUDIES (IN  MONTEREY).

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