Colorado Agricultural Cluster and Value-Chain Analysis Begin as Part of Statewide Economic Development

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Here’s the release from Colorado State University (Coleman Cornelius):

CSU and the Colorado Department of Agriculture are teaming up to provide a new look at Colorado’s critical agricultural industry with a study that maps economic relationships among sectors tied – perhaps unexpectedly – to farm and ranch production.

Gov. John Hickenlooper announced the project Thursday during the annual Governor’s Forum on Colorado Agriculture at the Renaissance Denver Hotel. The agriculture project is part of the Colorado Blueprint, the state’s bottom-up approach to economic development.

Called the Agricultural Value-Chain Analysis, the new study will illustrate linkages within Colorado’s broad agricultural industry. It will highlight sectors many Coloradans might not immediately associate with agriculture, including biotechnology, finance, ag tourism, and the food and beverage sector.

Colorado agriculture annually contributes an estimated $40 billion in sales to the state economy. Depicting the industry’s economic connections is a key step in shedding light on critical issues, common challenges, emerging policy needs and opportunities for growth in agriculture.

The Agricultural Value-Chain Analysis will support work of the newly forming Colorado Agricultural Cluster, one of the broad-based industry clusters working with the Colorado Office of Economic Development and International Trade (OEDIT) to develop the Colorado Blueprint. These groups are forming to help spark innovation, national and global competitiveness, ongoing prosperity, and sustainable job growth in Colorado.

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