Recent Study Shows Vermont Maple Industry Contributes About $300 Million to State’s Economy through Sales

Recent Study Shows Vermont Maple Industry Contributes About $300 Million to State’s Economy through SalesThe Center for Rural Studies at the University of Vermont conducted a study for the Vermont Maple Sugar Makers Association, which found that Vermont's maple industry contributed in a range of $317 and $330 million from total sales to economy of the state in 2013.

According to the study, the maple industry contributed $140 to $144 million in profits and wages in Vermont. Apart from the earnings, the industry supported 2,735 to 3,169 full-time or comparable jobs.

The conclusions found by the study are based on a survey conducted on the maple producers in Vermont and telephone interviews of businesses that are related to the maple industry in the state. It includes processors, packers, equipment makers, sales as well as installation operations.

Jane Kolodinsky, the director of Center for Rural Studies said that it is the very first economic contribution study of its kind connected to Vermont's maple industry. According to the USDA or the U. S. Department of Agriculture, Vermont produces the largest amount of maple in the entire United States. It accounts for forty two percent of productions. For the state maple holed considerable importance as it ranks as the state's fourth most-valued agricultural commodity.

General: 
Companies: 
Region: 

Advertisements