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Contribution of the Craft Beer Industry to Tennessee's Economy

David Hughes, Sarah Elizabeth Best, S. Aaron Smith and Edward Yu

No 302742, Extension Reports from University of Tennessee, Department of Agricultural and Resource Economics

Abstract: Craft beer producers are, by definition, small, with annual production of less than 6 million barrels, and independent, with at least 75 percent ownership by the craft beer producer (Arthur, 2018). Like its counterpart in other states, the Tennessee craft beer industry has experienced strong growth in recent years. Efforts to track the growth of and establish its contribution to the state economy provides useful information for industry personnel, state and local economic development, and state and local government leaders. Provided here are survey-based estimates of that contribution. This publication includes an examination of the growth in the craft beer industry nationally and in Tennessee. Also presented is a discussion of the use of industry survey data and other sources to estimate industry spending patterns. The growth of the U.S. and Tennessee craft beer industries are also discussed. Results regarding the industry’s economic impact on the Tennessee economy based on an input-output model are then examined. Finally, model results are summarized and conclusions drawn.

Keywords: Agribusiness; Community/Rural/Urban Development; Consumer/Household Economics (search for similar items in EconPapers)
Pages: 10
Date: 2019-12-02
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DOI: 10.22004/ag.econ.302742

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