IDFA continues to demonstrate that the dairy industry has a powerful economic impact – $628 billion in total – on the American economy. Did you know that dairy also indirectly supports a broad range of industries across the nation, like holding companies? Many smaller firms use the services of investment firms to better manage and fund their operations or expansion activities.

Firms that administer, oversee and manage dairy establishments perform essential activities like strategic or organizational planning. By consolidating the performance of these enterprise-wide activities at one establishment, economies of scale are achieved. The dairy industry directly supports over 27,260 holding company jobs throughout the country. Another 10,600 of these jobs depend on spending by dairy industry employees or those of their suppliers for everything from new homes to restaurant meals, to groceries.

All told, the dairy industry creates nearly $5.0 billion in wages and $9.7 billion in economic impact for the American management industry.

Dairy Delivers®

IDFA is sharing these deep dives into the data of Dairy Delivers®, its economic impact tool, to demonstrate dairy’s economic power and its ripple effect on other American industries.

Access IDFA’s Dairy Delivers® here.

Members with questions may contact Dave Carlin, IDFA senior vice president of legislative affairs and economic policy, at dcarlin@idfa.org.