Research/Extension Fact Sheet

1995 Ohio Farm Income

Table VI Farm Income Statement Of Ohio, 1993-95 And U.S. 1994, 1995
Gross Farm Income
Ohio United States
1993 1994 1995 1994 1995
Million Dollars
Gross Farm Income 5,123.7 5,511.7 5,404.3 215,840.3 210,399.2
Gross Cash Income 5,066.5 4,853.8 5,063.5 197,808.2 203,883.1
Farm Marketings 4,486.2 4,438.4 4,576.0 180,775.0 185,750.0
Crops 2,834.6 2,874.8 2,986.8 92,645.6 98,906.2
Livestock and Products 1,651.6 1,563.6 1,589.2 88,129.4 86,843.8
Government payments 265.4 117.0 167.3 7,879.1 7,252.3
Farm Related Income 314.9 298.4 320.1 9,154.0 10,880.8
Noncash Income 355.8 441.0 458.1 9,808.1 9,892.0
Value of Home consumption 16.3 21.9 21.4 481.0 495.1
Rental Value of Dwellings 339.5 419.1 436.7 9,327.1 9,396.9
Operator and Other Dwellings 1/ 332.7 411.1 423.4 8,892.8 8,834.3
Hired Laborer Dwellings 6.8 8.0 13.3 434.3 562.6
Value of Inventory Adjustment (298.6) 217.0 (117.3) 8,224.0 (3,375.9)
Total Production Expenses 4,259.2 4,332.6 4.454.2 167,444.0 175,580.6
Intermediate Product Expenses 2,405.5 2,495.6 2,545.2 103,364.7 109,667.3
Farm Origin 885.1 916.6 916.2 41,250.3 42,548.4
Feed Purchased 602.2 656.6 648.2 22,628.3 24,528.4
Livestock and Poultry Purchased 64.1 44.1 54.5 13,249.5 12,557.4
Seed Purchased 218.8 215.8 213.4 5,372.5 5,462.5
Manufactured Inputs 709.9 752.7 787.7 21,722.7 23,440.3
Fertilizer and Lime 340.8 361.2 393.2 9,180.8 10,034.3
Pesticides 219.4 246.4 260.4 7,218.5 7,718.5
Fuel and Oil 149.7 145.1 134.2 5,323.3 5,687.4
Other 810.5 826.3 841.3 40,391.8 43,678.6
Repair and Maintenance 296.1 295.8 321.1 9,185.1 9,426.6
Other Miscellaneous 514.4 530.6 520.3 31,206.7 34,252.0
Interest 247.2 263.8 285.4 11,806.7 12,757.3
Real Estate 141.4 146.9 152.6 5,853.1 6,067.3
Nonreal Estate 105.8 116.9 132.8 5,953.6 6,690.0
Contract and Hired Labor Expenses 299.5 286.2 275.2 15,308.1 16,285.1
Net Rent to Nonoperator Landlords 2/ 439.4 379.6 421.0 11,525.4 10,872.5
Capital Consumption 702.5 738.1 760.3 18,780.4 19,107.2
Property Taxes 165.1 169.4 167.2 6,658.8 6,891.2
Net Farm Income 3/ 864.5 1,179.1 950.1 48,396.3 34,818.6
Gross Receipts of Farms 4,791.0 5,100.7 4,980.9 206,947.5 201,564.9
Farm Production Expenses 4,098.1 4,144.8 4,251.6 162,816.4 170,815.7
Nonfactor Payments 3,128.8 3,234.4 3,288.6 126,397.1 133,300.8
Intermediate Product Expenses2,373.9 2,455.0 2,504.2 102,315.0 108,761.4
Capital Consumption 609.0 631.6 641.0 16,411.2 16,540.3
Property Taxes 138.7 139.2 136.0 5,865.5 6,030.1
Conract labor 7.3 8.5 7.4 1,805.4 1,969.1
Factor Payments 969.3 910.4 963.0 36,419.3 37,514.9
Interest 237.8 253.2 274.3 11,391.3 12,326.4
Contract and Hired Labor Expenses 292.1 277.7 267.7 13,502.6 14,316.1
Net Rent to Nonoperator Landlords 439.4 379.6 421.0 11,525.4 10,872.5
Returns To Operators 4/ 692.9 955.9 729.3 44,131.1 30,749.2
Gross Cash Income 5,066.5 4,853.8 5,063.5 197,808.2 203,883.1
Cash Expenses 3,550.4 3,576.6 3,670.7 147,357.0 155,120.7
Cash Expenses, Excluding Net Rent 3,043.0 3,125.6 3,176.3 134,445.5 142,840.4
Intermediate Product Expenses 2,373.9 2,455.0 2,504.2 102,315.0 108,761.4
Interest 237.8 253.2 274.3 11,391.3 12,326.4
Cash Labor Expenses 292.6 278.1 261.8 14,873.8 15,722.5
Property Taxes 138.7 139.2 136.0 5,865.5 6,030.1
Net Rent to Nonoperator Landlords 5/ 507.5 451.1 494.5 12,911.5 12,280.3
Net Cash Income 1,516.1 1,277.2 1,392.7 50,451.2 48,762.4
Number of Farms 76,000 75,000 74,000 2,064,720 2,071,520
1/ Value added to gross income. Value added to net farm income equals difference in net farm income and returns to operators.
2/ Includes landlord capital consumption.
3/ Statistics in and above the Net Farm Income line represent the farm sector, defined as including farm operators' dwellings located on farms. Statistics below the Net Farm Income line represent only the farm businesses to the exclusion of the operators' dwellings.
4/ Returns to operators is equivalent to net farm income excluding the income and expenses associated with farm operators' dwellings.
5/ Excludes landlord capital consumption.

Back | Forward | Table of Contents