Navigation Links
Economic Strength of Hawaii Seed Crop Industry Confirmed by Recent Reports
Date:9/22/2009

The seed industry's significant contributions to the state's economy were confirmed by two recent economic reports issued by the Hawaii Field Office of the National Agricultural Statistics Service (NASS) and well-known Hawaii economist Dr. Leroy Laney.

Honolulu, HI (Vocus) Sept. 22, 2009 -- The seed industry's significant contributions to the state's economy were confirmed by two recent economic reports issued by the Hawaii Field Office of the National Agricultural Statistics Service (NASS) and well-known Hawaii economist Dr. Leroy Laney.

In its Aug. 31 report, "Hawaii Seed Crops," the NASS estimates the value of Hawaii's seed industry for the 2008/2009 season was a "record high" of $176.6 million. Seed corn accounts for $169.3 million, or 96 percent, of the total value. According to the NASS, acreage devoted to seed crops will increase 12 percent from the previous growing season to a record of 5,930 acres.

The economic impact of the seed crop industry is also being felt on the county level. In his Aug. 25 Economic Forecast for Kauai, Laney describes the activities of the seed industry as "a major stabilizing influence" for the island's West side. Four major seed companies currently have operations on the Garden Isle; a fifth company is in the process of relocating to the island.

Hawaii seed companies have operations on four islands - Oahu, Kauai, Molokai, and Maui - and employ more than 1,800 residents. Fifteen percent of these jobs are on the neighbor islands and in the areas of high-tech science and research. "When I think about an industry that is providing stable jobs for state residents and continuing to grow during this recession, the only one that comes to mind is the seed crop industry," noted Adolph Helm, a Molokai farmer and president of the Hawaii Crop Improvement Association.

Laney's analysis of economic variables on Kauai also details how the operations of major seed research entities could restore ag jobs that were previously in sugar. An earlier economic impact study commissioned by Hawaii Farm Bureau Federation showed that seed crops have become the largest agricultural commodity in the state, exceeding the value of both sugar and pineapple by 180 percent and 90 percent, respectively.

"Seed companies are weathering the recession well and contributing real value to Hawaii's economy," added Helm.

Hawaii's seed crop industry is represented by five companies that collectively generate $13.8 million per year in tax revenues and are increasing in economic value at 14.2 percent annually, according to the Farm Bureau report.

The Hawaii Crop Improvement Association (HCIA) is a membership organization that supports the growth and development of the seed industry, agriculture and agricultural sciences in Hawaii.

Access the NASS "Hawaii Seed Crop" report at: http://www.nass.usda.gov/Statistics_by_State/Hawaii/Publications/Archive/index.asp.

Access Dr. Leroy Laney's "Economic Forecast/Kauai Edition 2009-2010" for First Hawaiian Bank at: https://www.fhb.com/hm_news082509.htm.

Access the full Hawaii Farm Bureau Federation-commissioned report at: http://www.hciaonline.com.

MEDIA CONTACT:
Jason Meyer
Becker Communications, Inc.
808-533-4165

###

Read the full story at http://www.prweb.com/releases/Hawaii_Agriculture/seed_crops/prweb2922304.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved  

Related biology technology :

1. Hyaluron Contract Manufacturing Named a 2007 Economic Impact Award Finalist
2. Highlights of Economic and Business Growth in the Tampa Bay Region
3. Highlights of Economic and Business Growth in the Tampa Bay Region
4. Resverlogix Honoured with World Economic Forum Technology Pioneer Award
5. The World Economic Forum Announces Technology Pioneers 2008
6. The World Economic Forum Announces Technology Pioneers 2008: Mondobiotech Selected
7. Clinical and Economical Considerations For IV Push Drug Delivery by Industry Expert Richard Rosenfeld Is Now Accessible on Expert411.com for Media and Professional Use
8. Highlights of Economic and Business Growth in the Tampa Bay Region
9. DuPont Chief Science & Technology Officer Offers Perspectives on Science and Global Policymaking at Davos World Economic Forum
10. Highlights of Economic and Business Growth in the Tampa Bay Region
11. OncoGenex increases economic interest in lead cancer drug OGX-011
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Economic Strength of Hawaii Seed Crop Industry Confirmed by Recent Reports
(Date:4/21/2017)... BELLINGHAM, Washington, USA (PRWEB) , ... April 21, ... ... for sensing, imaging, and related applications were the focus of researchers, engineers, product ... Sensing 2017 in Anaheim. , Sponsored by SPIE, the international society ...
(Date:4/20/2017)... ... 20, 2017 , ... As part of the Stago ... cases when screening for direct oral anticoagulant. When patients taking direct oral anticoagulants ... parental anticoagulation especially for those at high risk of thrombosis recurrence. ...
(Date:4/20/2017)... Bangor, Maine (PRWEB) , ... April 20, 2017 ... ... members’ contributions to the scientific and clinical research community’s growing body of knowledge ... 20, 2017 in the Gracie Theatre and the adjacent Darling Atrium. During the ...
(Date:4/20/2017)... Diego, CA (PRWEB) , ... April 20, 2017 , ... ... management of clinical trials worldwide, announced today that they were named one of the ... , which covers the latest developments in the pharmaceutical industry. , “We take pride ...
Breaking Biology Technology:
(Date:3/13/2017)... Future of security: Biometric Face Matching software  ... ... enables to match face pictures against each other or against large databases. The ... ... fastest software for biometric Face Matching on the market. The speed is at ...
(Date:3/7/2017)... BRIGHTON, England , March 7, 2017 Brandwatch ... been chosen by The Prince,s Trust to uncover insights ... insights across The Trust. The UK,s leading youth charity ... track social campaign results and get a better understanding of the ... ...
(Date:3/2/2017)... , March 2, 2017 Summary This ... Perrigo and its partnering interests and activities since 2010. ... Read the ... and Alliance since 2010 report provides an in-depth insight into ... sciences companies. On demand company reports are prepared ...
Breaking Biology News(10 mins):