Feb. 26 – ATHENS – A recent university-wide report by economist Michael Adjemian of the University of Georgia’s College of Agricultural and Environmental Sciences found that in 2021, the economic impact of CAES on Georgia State was the highest since the UGA began publishing the annual report in 2015.

CAES generated an economic impact of $686.3 million last year, split between teaching ($241.3 million), research ($182.3 million) and outreach ($262.6 million). million) in the report.

The total economic impact is the third highest of any college or unit at UGA, which set a record with an annual economic impact of $7.4 billion in 2021.

“The University of Georgia, and CAES in particular, provides state residents with significant value through its teaching, research, and outreach missions,” said Adjemian, associate professor in the Department of Agricultural Economics. and applied.

“We estimate CAES’ economic impact this year to be the highest since the university began reporting in 2015,” said Adjemian and Sharon Kane, agribusiness and community development economists at the University. Center for Agribusiness and Economic Development, in a joint statement. “Our college brings in more money for research and offers more beneficial outreach services than at any other time on record.”

To estimate economic impact numbers, Adjemian calculates the benefits to the State of Georgia that CAES provides through its teaching, research, and outreach missions.

“Teaching our students confers improvements in human capital – life skills – that will increase their lifetime productivity and earnings,” they said in the report. “The easiest way to approximate (a lower bound) the benefits of CAES research is to measure the amount of funding our researchers bring to the state. Because outreach programs have different characteristics, we need to look at how each could help state residents.”

For example, when researchers discover an improved crop variety that increases yields, reduces pests or diseases, or fetches a higher market price, the network of specialists across Georgia informs growers of its practical use. Once adopted, this improved variety produces increased efficiency, improved quality or improved profitability for farmers, adding value to the Georgian economy.

UGA’s status as the state’s flagship institution for land and maritime concessions means that contributing to the economic vitality and well-being of Georgian citizens and communities is an integral part of its mission.

UGA Cooperative Extension agents serve each of Georgia’s 159 counties, providing reliable, research-based information statewide through science-based programs and educational opportunities in agriculture, environment, family well-being, and 4-H youth development and leadership.

In fiscal year 2021, UGA extension officers had 1.2 million in-person contacts with people across the state, launching partnered initiatives to provide vaccine education; provide health, wellness and financial security programs; and solving supply chain problems by connecting producers to consumers.

“By leading this school-wide economic impact report, I have had the chance to learn so much about the university and all the wonderful work we do as educators, researchers and outreach professionals,” Adjemian said. “Because we are careful to only include what we can safely defend, we leave many beneficial activities out of the report. The numbers we publish should really be seen as a lower bound estimate. … It is likely that the true impact is substantially higher.”

To learn more about CAES research and its impact in the state of Georgia, visit caes.uga.edu. For more information on UGA Extension’s reach across the state, visit extension.uga.edu.