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1 <br />1 <br /> <br />1 <br /> <br /> <br />t <br /> <br />1 <br /> <br /> <br /> <br />The current economic structure of the Yampa Valley points to the relative <br />importance of retail trade services, mining, construction and utilities in terms of <br />employment opportunities and personal earnings of local residents. The historical <br />perspective suggests that tourism, energy-related development and agriculture deserve <br />close attention for the future. The manufacturing sector, as yet underdeveloped, was <br />also examined for future potential. <br />Yampa Valley Economic Base Prospects <br />To project future Yampa Valley economic growth, BBC examined the prospects <br />for each of the existing components of the Yampa Valley economic base and considered <br />the possibility of other activities which might develop and further expand the Moffat <br />County and Routt County economies. The following discussion highlights the key <br />results of these evaluations -the bases for these findings are discussed in Section III of <br />the report. <br />Agriculture. The long-term history of Yampa Valley agriculture is marked by <br />one dominant characteristic: stability. The evidence from nearly 60 years of history <br />indicates remarkable persistence in the agricultural sector, the acreage under irrigation <br />and the number of people working on farms and ranches. The projections used in this <br />analysis reflect this stability: <br />• Livestock production will decline modestly over the 50-year time <br />horizon. <br />• Irrigated acreage and crop production will remain approximately the <br />same as they are as of 1997. <br />• The economic influence of production agriculture will decline as further <br />consolidation and technological advances gradually reduce the number <br />of employees. <br />Tourism and recreation. BBC developed year 2045 estimates of recreational <br />.visitor days (RVDs) based upon an examination of the prospects for a wide range of <br />discrete winter and summer activities. Over the course of the next 50 years: <br />• Winter tourism and recreation will more than double, from roughly <br />660,000 RVDs to about 1.5 million RVDs. <br />1 Summer and fall tourism and recreation will more than double from a <br />total of 2.7 million RVDs to approximately 5.7 million RVDs. <br />• The local economic base required to support tourism and recreation will <br />increase by 115 percent, from about 5,300 jobs to 11,300 jobs in 2045. <br />1 Energy and mining. Coal and power generation are not resource constraints in <br />the Yampa Valley and regional demand prospects are favorable. Rail and market <br />competition will eventually constrain coal expansion. Environmental issues will <br />SBC Research & Consulting ES - 4 <br />