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| $20 Billion in Lost Revenue |
Answered by: Richard Alan Miller
Question from: Alfred
Posted on: January 21, 2005
The statement below comes from your "Economic Outlook for Herbs and Spices Year 2000" (Richard Alan Miller, c2000). I am looking for the other paper you wrote about the $20 billion in lost revenue. I was wondering if you can point to the right resource. I have been on your web site (http://www.nwbotanicals.org/), but I can’t locate the article.
"In an important study made last year by this author, it was shown that products imported (in this category of markets) which could be grown, manufactured, or otherwise processed on the West Coast of the United States was in excess of $20 billion, more than 40 times what might be indicated by current available studies. Why are we importing with such large figures when our economy needs to export?"
Those statements were taken from the FAS (Foreign Agricultural Service), based on spices and oils imported into the US that could have been produced domestically.
That concept and principle became the foundation for my book "The Potential of Herbs as a Cash Crop" (Acres, USA; see http://www.acresusa.com/magazines/magazine.htm).
While more than 20 years old, this book continues to be the primary text used by new farmers in alternative agriculture. In 2005 60,000 new small farm producers will be needed. Who is going to train them?