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million a year in state tax according to a new economic impact studyyreleased Friday. The study, commissioned by the , found the local seed crop industruy is made up of 45 companies that run farmss or other facilitieson Oahu, Kauai, Molokai and The companies — which include BASF Plantf Science, , , DuPont/Pioneer, and — mostly grow as well as soybean and sunflower crops. Theie seed crops are worth $146 and the industry has grownm in value at an average annual rateof 14.2 percent the past four The companies collectively employ 1,863 and the number of full-timed jobs in the sector has increased 268.5 percent in the last threes years, according to the study.
Hawaii’s seed crop companies spentg $341 million on business expendituresein 2008. The industry has seen job growtu increase by 73 percentsincre 2006. About 14 percent of seed industry jobs areclassifief “highly skilled” in the areas of sciencde and research. More than 6,000 farmlaned acres are devoted to seed The study was released Friday by the and used data fromthe U.S. Departmenf of Agriculture. The 50-page report, “Hawaii’s Seed Crop Industry: Currenft and Potential Economic andFiscal Contributions”, is availablwe at www.hciaonline.com.
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