Economic Impact Report
Posted January 01, 2005
In the first study of its kind, the field of veterinary medicine
is credited with having a $1.72 billion economic impact on the
state of Texas.
Veterinary medicine services total $827 million annually, and
when the multiplier effect - how much each dollar generates in
related revenue is applied -- more than $1.72 billion is produced
in Texas, researchers conclude.
The 4,507 licensed veterinarians in Texas contribute to the
state's economy in a variety of sectors, including private
practice, government, military, industrial and academia. The
veterinary medical profession returns to the state economy an
annual average estimated output of $381,629 per veterinarian in
total business sales.
" Texas is the second most populous state in the nation and is a
leader in many aspects of animal agriculture and companion animal
care," said H. Richard Adams, the Carl B. King Dean of Texas
A&M University's College of Veterinary Medicine and Biomedical
"When the tens of millions of livestock are considered along
with the tens of thousands of dogs, cats, and other companion
animals in our state, the full economic value of animal health and
well being becomes apparent."
Texas A&M is the only veterinary medicine college in Texas
and one of the largest in the nation.
The majority of Texas' licensed veterinary practitioners
graduated from Texas A&M and are engaged in private practice
which is estimated to provide more than 12,871 jobs including
veterinary support staff. According to the study, the private
practice sector provides more than $369 million in salaries with
approximately $25 million being generated for the state government
in the form of indirect business taxes.
"Although the economic impact of veterinary medicine in
government, military, industrial, and academia sectors may be more
difficult to quantify, the impact of the veterinary medical
profession in safeguarding our nation's food supply, protecting the
public health, and educating the next generation of veterinary
medical clinical and research scientists is evident in the daily
lives of Texans across the state," say the authors, three
veterinary medical students who are also working toward their MBA.
They include Dana R. Boehm, M. Erin Mitchell and Amber C. Williams,
all of whom worked with various consultants and experts in economic
The study was jointly sponsored by the Texas A&M College of
Veterinary Medicine and Biomedical Sciences and the Texas
Veterinary Medical Association.
"Whether you eat a safe and nutritious steak, have your child
immunized, or enjoy the companionship of your special pet, one
thing appears to be certain: veterinarians helped to make it
possible somewhere along the way," the authors add.
The students are among the first graduates from the recently
developed dual-degree DVM/MBA program at Texas A&M University
involving both the College of Veterinary Medicine and Biomedical
Sciences and the Mays Business School.
In recognition of the vital role that veterinarians play in
society and the economy, Texas A&M University established The
Center for Executive Leadership in Veterinary Medical Education
which was instrumental in creating the dual-degree DVM/MBA program
as well as the DVM/PhD Veterinary Medical Scientist Training
"Our goal in establishing the center was to provide the nation's
model leadership training program for DVM students to develop as
leaders in their personal and professional lives and to benefit the
communities in which they live and work," said Dr. E. Dean Gage,
executive director of the Center for Executive Leadership in
Veterinary Medical Education and holder of the Charlie and Mildred
Bridges Chair in Leadership.
"We are fortunate that many leaders across the veterinary
medical profession, including industry and government leaders, are
joining our efforts to develop the veterinary medical leaders of
tomorrow through service on the center's External Advisory
Council," added Gage.
Executives from several well-known companies and organizations
provide counsel regarding the major issues facing the veterinary
medical profession and will help to secure funding for the center
and other College of Veterinary Medicine and Biomedical Sciences
programs related to professional student leadership and veterinary
medical education. They include Pet's Choice, Inc., Banfield Pet
Hospitals, VCA Antech Diagnositcs, Inc., Hill's Pet Nutrition,
Inc., Nestle-Purina Petcare, Inc., The Iams Company, Novartis
Animal Health US, Inc., Fort Dodge Animal Health, Inc., Bayer
Animal Health, Pfizer Animal Health R&D, Merial Animal Health,
Idexx Laboratories, Cargill, Inc., Brakkee Consulting, Inc.,
University of Texas, M.D. Anderson Cancer Center and the Texas
Veterinary Medical Association.
Angela G. Clendenin
Director, Communications & Public Relations
Ofc - (979) 862-2675
Cell - (979) 739-5718
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