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Annual losses due to end of TPP, 2017 baseline
Farm Bureau model of TPP's impact on US farm income:
https://www.fb.org/files/TPP-Full-Report.pdf
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CommodityAmt TPP was supposed to increase US sales, per Farm Bureau modelTotal US value of that commodity in 2017% increase in US value of that commodity from TPPNC's sales of that commodity in 2017/18NC sales losses per year from end of TPPSource for value of US commodity in 2016/2017Source for NC value of that commodity in 2016/17
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Corn$680,000,00051,219,763,0001.33%$492,821,000$6,542,753
https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/Typology/typology_us.pdf
https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/Typology/typology_nc.pdf
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Soy$530,000,000$40,304,487,0001.31%$630,791,000$8,294,839
https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/Typology/typology_us.pdf
https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/Typology/typology_nc.pdf
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Wheat$37,000,000$7,822,905,0000.47%$107,724,000$509,502
https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/Typology/typology_us.pdf
https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/Typology/typology_nc.pdf
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Rice$45,000,000$2,123,480,0002.12%0$0
https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/Typology/typology_us.pdf
https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/Typology/typology_nc.pdf
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Cotton$21,000,000$6,685,609,0000.31%$239,587,000$752,561
https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/Typology/typology_us.pdf
https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/Typology/typology_nc.pdf
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Beef$1,140,000,000166,994,000,0000.68%249,786,000$1,705,187
https://bpb-us-e1.wpmucdn.com/wordpressua.uark.edu/dist/9/350/files/2017/05/5-Popp-English_Economic-Contributions-of-the-US-Beef-Industry.pdf slide 12
https://www.nass.usda.gov/Statistics_by_State/North_Carolina/Publications/Annual_Statistical_Bulletin/AgStat/Section03.pdf
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Pork$1,100,000,000$22,500,000,0004.89%$2,129,256,000$104,096,960
https://www.aphis.usda.gov/animal_health/nahms/downloads/Demographics2017.pdf p 7
https://www.nass.usda.gov/Statistics_by_State/North_Carolina/Publications/Annual_Statistical_Bulletin/AgStat/Section03.pdf
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Poultry$625,000,000$31,000,000,0002.02%$3,857,883,000$77,779,899
https://www.aphis.usda.gov/animal_health/nahms/downloads/Demographics2017.pdf p9
https://www.nass.usda.gov/Statistics_by_State/North_Carolina/Publications/Annual_Statistical_Bulletin/AgStat/Section03.pdf
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Dairy$280,000,000$78,297,000,0000.36%$161,063,000$575,982
https://www.marketresearch.com/MarketLine-v3883/United-States-America-USA-Dairy-33130797/ Getting info on dairy production value is really hard!?
https://www.nass.usda.gov/Statistics_by_State/North_Carolina/Publications/Annual_Statistical_Bulletin/AgStat/Section03.pdf
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Fruit, nut, veg
$1,296,000,000$28,581,398,0004.53%$109,139,000$4,948,818
https://www.nass.usda.gov/Publications/AgCensus/2017/Online_Resources/Typology/typology_us.pdf
https://www.nass.usda.gov/Statistics_by_State/North_Carolina/Publications/Annual_Statistical_Bulletin/AgStat/Section03.pdf
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Total US losses
$5,754,000,000$205,206,502
Amount of farm sales NC loses per year due to loss of TPP, 2017 dollars (before inflation)
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Fruit & nut
$825,000,000
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Vegetables
$471,000,000
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Cumulative impact of loss of TPP on NC farm sales
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Year2017 baselineInflation multiplierAdj for inflation
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2017$205,206,5021$205,206,502
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2018$205,206,5021.02$209,310,632
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2019$205,206,5021.04$213,414,762
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2020$205,206,5021.06$217,518,892
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2021$205,206,5021.11$227,779,217
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2022$205,206,5021.19$244,195,737
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2023$205,206,5021.24$254,456,062
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2024$205,206,5021.26$258,560,192
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Total NC loss from end of TPP through 2023:
$1,571,881,804
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Total NC loss from end of TPP through 2024:
$1,830,441,997
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Financial losses per farm household due to loss of TPP in NC
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# of farms in NC
42,500
https://www.nass.usda.gov/Quick_Stats/Ag_Overview/stateOverview.php?state=NORTH%20CAROLINA
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$ loss/farm/yr
$6,084
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$ loss since 2017
$36,985
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