Myth #7My property value will decrease if a livestock operation locates next to or near my property.
- Opponents say “Property near Concentrated Animal Feeding Operations (CAFOs) is devalued by 50% to 90%.”
- In truth, large scale CAFOs create positive impacts through job creation and increased tax base. Many of these studies on property devaluation don’t account for overall increases in property values resulting from the increased economic activity attributed to the CAFO.
Did you know that the livestock industry in Illinois creates $11 billion in economic activity, $334 million in tax revenues, and more than 60,000 jobs?