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<br />CDIVI <br /> <br />SWSI Phase 2 Technical Roundtable <br />Agricultural Transfer Alternatives to Permanent Dry-up <br /> <br />Farm Gross State Product <br />The U.S. Department of Commerce's Bureau of Economic Analysis reports that the <br />gross state product (GSP) in Colorado attributable to farming rose from $676 million <br />in 1977 to $1.5 billion in 2001 in current (nominal or not adjusted for inflation) dollars. <br />Table 2 is a summary of trends in the agriculture component of Colorado's economy <br />from 1977 to 2001 relative to the agriculture component of the U.S. economy gross <br />domestic product (GDP) through the same period. <br /> <br />Table 2 Nominal Gross State Product Attributable to Colorado Farms, Total Colorado Industry, and United States Farms <br />from 1977 to 2001 in Current Millions of Dollars <br /> <br />- .-.. .. ... .. <br /> <br /> Percent of Total U.S. Farm <br /> GDP Attributable to <br /> Colorado Farms <br />1977 676 25,229 47,205 2.70/0 1 .4 0/0 <br />1980 944 38,446 56,1 06 2.50/0 1 .70/0 <br />1985 I 1,091 I 59,050 I 67,1 00 1.80/0 I 1.60/0 <br />1990 1,544 74,701 79,575 2.10/0 1.90/0 <br />1995 I 1,147 I 109,021 I 73,187 1.10/0 I 1.60/0 <br />2000 1,219 169,341 77,817 0.70/0 1.60/0 <br />2001 I 1,517 I 173,772 I 80,596 0.90/0 I 1.90/0 <br /> <br />.. ... <br /> <br />- ... <br /> <br />. .. a <br /> <br />.. ... .. <br /> <br />. ...... <br /> <br />Source: U.S. Bureau of Economic Analysis: (www.bea.doc.gov/bea/regional/gsp/). <br /> <br />The value of farm output in Colorado and total Colorado GSP in real (chained or <br />adjusted for inflation) dollars is shown in Table 3. The GSP that is attributable to <br />Colorado farms rose from $1.20 billion in 1986 to $2.15 billion in 2001 in 1996 dollars. <br />However, the relative percentage of the farm sector contribution to the cumulative <br />chained-dollar GSP for all industries in Colorado has remained relatively stable over <br />the same period - between 1 and 2 percent, as shown in Table 2. <br /> <br />Table 3 Real GSP Attributable to Colorado's Farms, Total Colorado Industry, and United States Farms from 1986 to 2001 in <br />.DOllars (1996 Dollars) <br /> <br /> <br /> <br /> <br />1986 1,200 80,012 77,484 <br />1990 1,633 86,973 84,155 <br />1995 1,339 111,244 85,452 <br />2000 1,887 158,173 120,488 <br />2001 2,152 159,308 114,317 <br /> <br />Source: U.S. Bureau of Economic Analysis: (www.bea.doc.gov/bea/regional/gsp/). <br /> <br /> <br />Chained-Dollar GSP/GDP <br /> <br />Colorado Colorado Total <br />Farms Industry U.S. Farms <br /> <br />DRAFT <br /> <br />6 <br /> <br />S:\MEETINGS\TECHNICAL ROUNDTABLE\TRT MEETING - SPECIFIC\AL TERNATIVE AG TRANSFERS\SWSI TRT ALTERNATIVES TO PERMANENT DRY-UP BRIEFING 9-6-05_CJEDOC <br />