Research/Extension Fact Sheet

1997 Ohio Farm Income

E.S.O. 2516


TABLE V

TABLE V
FARM ASSETS, DEBTS AND RATIOS, OHIO 1993-1996, U.S. 1995, 1996
Ohio 5/ United States 5/
1993 1994 1995 1996 1995 1996
Thousand Dollars
Farm assets 27,570,884 30,033,456 32,141,613 34,036,724 985,363,673 1,034,870,969
Real estate 20,570,382 22,996,867 25,365,968 26,909,096 761,304,027 805,396,109
Livestock & poultry 1/ 1,262,945 1,150,434 1,059,297 1,087,747 57,778,086 60,143,401
Machinery & motor vehicles 2/ 3,171,701 3,186,424 3,132,673 3,020,365 86,662,014 85,474,749
Crops stored 3/ 849,835 881,501 949,781 1,116,458 27,238,265 30,589,207
Purchased inputs 128,653 190,516 137,552 190,174 3,371,612 4,361,891
Financial assets 1,587,368 1,627,714 1,496,342 1,712,884 49,009,669 48,905,612
Farm debt 4/ 3,070,660 3,340,407 3,442,698 3,775,302 151,042,037 156,154,870
By purpose:
Real estate 1,911,637 2,030,735 2,057,571 2,152,608 79,559,811 81,929,727
Nonreal estate 1,159,023 1,309,672 1,385,127 1,622,694 71,482,226 74,225,143
By Lender:
Farm Credit System 843,429 1,049,695 1,082,863 1,221,328 37,410,827 39,834,474
Farm Service Agency 217,688 191,815 162,363 181,710 10,164,955 9,141,214
Commercial banks 1,133,723 1,197,511 1,253,589 1,378,839 60,106,304 61,697,359
Life insurance companies 103,627 84,417 89,776 95,820 9,116,242 9,493,434
Individuals and others 772,192 816,969 854,106 897,605 34,243,715 35,988,390
Equity 24,500,224 26,693,049 28,698,915 30,261,422 834,321,636 878,716,099

Percent

Ratio:
Debt/equity 12.5 12.5 12.0 12.5 18.1 17.8
Debt/assets 11.1 11.1 10.7 11.1 15.3 15.1
1/ Excludes horses, mules, and broilers. 2/ Include only farm share value for trucks and autos. 3/ All non-CCC crops held on farms plus the value above loan rate for crops held under CCC. 4/ Excludes debt for nonfarm purposes. 5/ Data for 1997 not available until January 1999.

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