Independent Economic Analysis Shows National Beef Checkoff Program’s Positive Impact on Industry and Economy

The Beef Checkoff Program has proven to be a major success, according to the results of an independent economic analysis released this week. The study found that for every dollar invested in the program’s demand-driving activities between 2019 and 2023, a total financial benefit of $13.41 was generated for producers and importers.

Cheryl DeVuyst, chair of the Beef Checkoff Evaluation Committee, expressed her satisfaction with the study’s findings, stating that the program’s primary goal of increasing beef demand in the US and worldwide is being achieved. The study simulated market conditions without the influence of the Beef Checkoff Program and found that total domestic demand would have been significantly lower without its investments.

The study also highlighted the indirect effects of the program on the broader US economy, including an increase in employment by almost 47,000 people, higher employment income by $2 billion, and a total value added to the economy of $4.1 billion. Additionally, the program contributed to increased tax revenue at the federal, state, and local levels, amounting to $743 million in 2023.

Overall, the national Beef Checkoff Program has proven to be a valuable investment for producers and importers, with significant financial benefits and positive impacts on the beef industry and the US economy as a whole.