1996 Ohio Farm Income

E.S.O. 2383

TABLE VI

TABLE VI
FARM INCOME STATEMENT OF OHIO, 1994-96 AND U.S. 1995, 1996

Ohio United States

1994 1995 1996 1995 1996

Million Dollars
Final crop output 3,060.1 2,935.8 3,031.2 96,655.4 113,512.3
Food grains 202.8 295.8 210.9 10,416.6 11,550.0
Feed crops 897.2 988.6 1,025.0 24,282.4 28,113.7
Cotton 0.0 0.0 0.0 6,851.1 7,460.8
Oil crops 999.0 1,054.5 1,126.6 15,466.3 17,755.9
Tobacco 32.9 31.7 34.3 2,548.4 2,796.0
Fruits and tree nuts 31.9 36.8 37.9 11,073.9 11,713.8
Vegetables 148.0 128.5 148.3 14,890.9 14,348.8
All other crops 559.2 558.1 593.9 15,170.4 15,685.9
Home consumption 2.6 3.7 3.3 104.3 91.5
Value of inventory adjustment 2/ 186.3 (161.9) (148.9) (4,149.0) 3,996.0
Final animal output 1,612.8 1,639.0 1,898.6 87,617.2 91,963.2
Meat animals 570.1 558.8 701.7 44,827.6 44,382.5
Dairy products 596.5 598.7 651.0 19,893.6 22,833.9
Poultry and eggs 373.1 407.6 565.3 19,068.8 22,326.3
Miscellaneous livestock 23.9 24.3 27.0 3,213.8 3,371.5
Home consumption 19.2 18.4 20.5 365.1 333.0
Value of inventory adjustment 2/ 30.0 31.2 (66.9) 248.4 (1,284.0)
Services and forestry 666.5 725.1 739.7 19,374.7 20,736.5
Machine hire and customwork 49.2 59.4 42.8 1,927.7 2,153.8
Forest products sold 188.2 188.2 186.7 2,939.3 2,918.2
Other farm income 60.2 71.7 78.6 5,213.3 5,893.6
Gross imputed rental value of Farm dwellings 368.9 405.8 431.5 9,294.5 9,771.0

Final agricultural sector output 1/ 5,339.4 5,299.9 5,669.5 203,647.4 226,212.0

Intermediate consumption outlays (less) 2,452.1 2,451.8 2,599.4 109,011.1 112,387.2

Farm origin 873.8 824.3 863.5 41,627.9 42,494.7
Feed purchased 614.3 558.0 553.7 23,829.3 25,234.5
Livestock and poultry purchased 43.7 52.8 68.0 12,335.3 11,148.1
Seed purchased 215.8 213.4 241.8 5,463.3 6,112.1
Manufactured inputs 802.6 843.8 928.2 26,175.2 28,393.3
Fertilizers and lime 361.2 393.2 441.4 10,033.0 10,934.2
Pesticides 246.4 260.4 302.7 7,726.5 8,525.1
Petroleum fuel and oils 143.2 137.5 132.3 5,447.7 5,736.3
Electricity 51.8 52.7 51.7 2,968.1 3,197.6
Other intermediate expenses 775.7 783.7 807.7 41,208.0 41,499.2
Repair and maintenance of capital items 297.0 322.5 335.9 9,458.4 10,303.7
Machine hire and customwork 60.3 58.5 58.7 4,791.7 4,692.0
Marketing, storage, and trans. costs 84.6 76.2 83.9 7,180.5 6,817.9
Contract labor 8.5 7.4 12.0 1,969.1 2,128.8
Miscellaneous expenses 325.2 319.1 317.2 17,808.3 17,556.8

Net government transactions (plus) (63.6) (16.6) (19.5) 74.5 29.5

+ Direct Government payments 117.0 167.2 163.1 7,253.4 7,285.5
- Motor vehicle reg. and licensing fees 12.7 14.5 12.2 461.8 428.3
- Property taxes 167.9 169.4 170.4 6,717.2 6,827.8
Gross value added 2,823.7 2,831.5 3,050.6 94,710.7 113,854.4

Capital consumption (less) 723.1 737.2 737.0 18,914.3 18,929.5

Net value added 2,100.6 2,094.3 2,313.7 75,796.4 94,924.9

Factor payments (less) 928.7 994.4 986.0 39,057.1 42,730.5

Emp compensation (total hired labor) 277.8 268.0 261.0 14,346.8 15,219.0
Net rent rec'd by nonoperator landlords 386.8 436.8 420.0 11,984.0 14,293.1
Real estate and nonreal estate 264.1 289.5 305.0 12,726.4 13,218.3

Net farm income 1,171.9 1,099.9 1,327.7 36,739.3 52,194.4

1/ Final sector output is the gross value of the commodities and services produced within a year. Net value-added is the sector's contribution to the National economy and is the sum of the income from production earned by all factors-of-production. Net farm income is equal to final agricultural sector output less intermediate consumption outlays plus net government transactions less capital consumption less factor payments. Net farm income is the farm operators' share of income from the sector's production activities. The concept presented is consistent with that employed by the Organization for Economic Cooperation and Development.
2/ A positive value of inventory change represents current-year production not sold by December 1. A negative value is an offset to production from prior years included in current-year sales.

TABLE VI
FARM INCOME STATEMENT OF OHIO, 1994-96 AND U.S. 1995, 1996
	Ohio	United States
1994	1995	1996	1995	1996
	Million Dollars
Final crop output	3,060.1	2,935.8	3,031.2	96,655.4	113,512.3
Food grains	202.8	295.8	210.9	10,416.6	11,550.0
Feed crops	897.2	988.6	1,025.0	24,282.4	28,113.7
Cotton	0.0	0.0	0.0	6,851.1	7,460.8
Oil crops	999.0	1,054.5	1,126.6	15,466.3	17,755.9
Tobacco	32.9	31.7	34.3	2,548.4	2,796.0
Fruits and tree nuts	31.9	36.8	37.9	11,073.9	11,713.8
Vegetables	148.0	128.5	148.3	14,890.9	14,348.8
All other crops	559.2	558.1	593.9	15,170.4	15,685.9
Home consumption	2.6	3.7	3.3	104.3	91.5
Value of inventory adjustment 2/	186.3	(161.9)	(148.9)	(4,149.0)	3,996.0
Final animal output	1,612.8	1,639.0	1,898.6	87,617.2	91,963.2
Meat animals	570.1	558.8	701.7	44,827.6	44,382.5
Dairy products	596.5	598.7	651.0	19,893.6	22,833.9
Poultry and eggs	373.1	407.6	565.3	19,068.8	22,326.3
Miscellaneous livestock	23.9	24.3	27.0	3,213.8	3,371.5
Home consumption	19.2	18.4	20.5	365.1	333.0
Value of inventory adjustment 2/	30.0	31.2	(66.9)	248.4	(1,284.0)
Services and forestry	666.5	725.1	739.7	19,374.7	20,736.5
Machine hire and customwork	49.2	59.4	42.8	1,927.7	2,153.8
Forest products sold	188.2	188.2	186.7	2,939.3	2,918.2
Other farm income	60.2	71.7	78.6	5,213.3	5,893.6
Gross imputed rental value of Farm dwellings	368.9	405.8	431.5	9,294.5	9,771.0
Final agricultural sector output 1/	5,339.4	5,299.9	5,669.5	203,647.4	226,212.0
Intermediate consumption outlays (less)	2,452.1	2,451.8	2,599.4	109,011.1	112,387.2
Farm origin	873.8	824.3	863.5	41,627.9	42,494.7
Feed purchased	614.3	558.0	553.7	23,829.3	25,234.5
Livestock and poultry purchased	43.7	52.8	68.0	12,335.3	11,148.1
Seed purchased	215.8	213.4	241.8	5,463.3	6,112.1
Manufactured inputs	802.6	843.8	928.2	26,175.2	28,393.3
Fertilizers and lime	361.2	393.2	441.4	10,033.0	10,934.2
Pesticides	246.4	260.4	302.7	7,726.5	8,525.1
Petroleum fuel and oils	143.2	137.5	132.3	5,447.7	5,736.3
Electricity	51.8	52.7	51.7	2,968.1	3,197.6
Other intermediate expenses	775.7	783.7	807.7	41,208.0	41,499.2
Repair and maintenance of capital items	297.0	322.5	335.9	9,458.4	10,303.7
Machine hire and customwork	60.3	58.5	58.7	4,791.7	4,692.0
Marketing, storage, and trans. costs	84.6	76.2	83.9	7,180.5	6,817.9
Contract labor	8.5	7.4	12.0	1,969.1	2,128.8
Miscellaneous expenses	325.2	319.1	317.2	17,808.3	17,556.8
Net government transactions (plus)	(63.6)	(16.6)	(19.5)	74.5	29.5
+ Direct Government payments	117.0	167.2	163.1	7,253.4	7,285.5
- Motor vehicle reg. and licensing fees	12.7	14.5	12.2	461.8	428.3
- Property taxes	167.9	169.4	170.4	6,717.2	6,827.8
Gross value added	2,823.7	2,831.5	3,050.6	94,710.7	113,854.4
Capital consumption (less)	723.1	737.2	737.0	18,914.3	18,929.5
Net value added	2,100.6	2,094.3	2,313.7	75,796.4	94,924.9
Factor payments (less)	928.7	994.4	986.0	39,057.1	42,730.5
Emp compensation (total hired labor)	277.8	268.0	261.0	14,346.8	15,219.0
Net rent rec'd by nonoperator landlords	386.8	436.8	420.0	11,984.0	14,293.1
Real estate and nonreal estate	264.1	289.5	305.0	12,726.4	13,218.3
Net farm income	1,171.9	1,099.9	1,327.7	36,739.3	52,194.4
1/ Final sector output is the gross value of the commodities and services produced within a year. Net value-added is the sector's contribution to the National economy and is the sum of the income from production earned by all factors-of-production. Net farm income is equal to final agricultural sector output less intermediate consumption outlays plus net government transactions less capital consumption less factor payments. Net farm income is the farm operators' share of income from the sector's production activities. The concept presented is consistent with that employed by the Organization for Economic Cooperation and Development. 2/ A positive value of inventory change represents current-year production not sold by December 1. A negative value is an offset to production from prior years included in current-year sales.

Back | Forward | Table of Contents