Kingscote Airport Business Case Appendices - Kangaroo Island ...

Kangaroo Island Futures Authority Draft Economic Impact of Agriculture and Tourism• Increase farm gate gross value of production (GVP) by almost $15m• Increase direct gross regional product (GRP) by $5.2mTable 7.10 Agricultural impact: low growth scenario, 8 years to 2019/20Value of Output b Gross regionalproductEmployment$m $m fteDirect ImpactAgriculture 14.8 7.1 57Processing 0.9 0.3 1Retail 0.4 0.1 2Food services 0.3 0.1 1Total Direct Impact 16.5 7.6 61Flow-on ImpactServices to agriculture 0.3 2Other manufacturing 0.0 1Wholesale trade 0.5 3Retail trade 0.4 6Accommodation and food services 0.2 3Transport and storage 0.3 2Finance and insurance 0.3 1Ownership of dwellings 0.5 0Property and business services 0.5 4Education 0.1 1Health and community services 0.1 2Personal services 0.1 2Other sectors 0.8 14Total Flow-on Impact 4.0 42Total Impact 11.7 103Regional total 216.8 2,330Proportion of regional total 5% 4%Source: EconSearch analysisWith the aid to the Kangaroo Island RISE model, the economy wide impacts of the agriculturallow growth scenario were estimated showing, in summary an increase in direct and flow-on:• GRP of approximately $11.7 million (5 per cent growth on 2011/12); and• full-time equivalent (fte) employment of 103 fte jobs (4 per cent growth on 2011/12).7.2.3 Economic contribution of agriculture – moderate growth scenarioThe impacts of the moderate growth scenario are detailed on a commodity-by-commoditybasis in Table 7.11 and summarised below:• Increase farm gate gross value of production (GVP) by $24.6m (35 per cent)• Increase direct gross regional product (GRP) by $15.8m (51 per cent)e c o n s e a r c hPage| 39