Employment impacts are jobs added in the economy by firms with increased output or sales. Total impacts equal the sum of direct, indirect, and induced effects. The direct effect is always the largest component of the three effects. It is the initial change in the economy. The direct effect in this analysis is farm household spending of income associated with Staley's presence in the Lafayette area market.
Indirect effects reflect inter-industry transactions resulting from change in economic activity.
Induced effects are those associated with household expenditures of income paid by firms. The total impact of an economic change occurs in several different sectors of the economy. In the following sections the output, income, and employment impacts are reported for each sector. National income accounts measure the productivity of the entire nation in terms of products and income generated by production of all goods and services in the U.S. economy. Because the national income accounts are based on aggregated county level data, it is possible to examine regional economic activity in terms of any combination of counties.