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

" target="_blank" title="Hawaii Crop Improvement Association">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.

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