Research/Extension Fact Sheet

1998 Ohio Farm Income

E.S.O. 2554


Ohio Farm Income

Cash receipts from Ohio's livestock, livestock products, and crops totaled $4.97 billion in 1998, 5 percent below last year's record $5.24 billion. Cash receipts from all crops in 1998 were down 7 percent from 1997. Cash receipts from livestock in 1998 were 1 percent below the 1997 cash receipts from livestock.

The 1998 value of cash receipts for crops, at $3.12 billion, was the second highest ever recorded in this category. This value was down 7 percent from 1997, but up nearly 10 percent from 1996. The percentage of total farm marketings attributable to crops in 1998 was 62.8 percent, 1.4 points below 1997.

The 1998 cash receipts for livestock and livestock products totaled $1.85 billion, down 1 percent from last year and 6 percent below the record set in 1996. The percentage of total farm marketings earned by livestock and livestock products was 37.2 percent, 1.4 points above 1997.

Government payments totaled $313.1 million, 68 percent above 1997 but 27 percent lower than the record high $431.9 million paid out in 1987. This represents 5.9 percent of total cash receipts including government payments and 24 percent of net farm income after inventory adjustments.

Agriculture in Ohio made a net value added contribution of $2.46 billion to the National economy in 1998, down 15 percent from 1997. The final agricultural sector output, at $5.79 billion, was down 8 percent from 1997. Intermediate consumption outlays totaled $2.69 billion, up nearly 1 percent from last year. Capital consumption at $748.8 million was up 2 percent from 1997, while factor payments at $1.16 billion were up 8 percent.

The top five commodities in terms of cash receipts earned were soybeans with $1.11 billion and 22.3 percent of total receipts; corn with $919.4 million and 18.5 percent of total receipts; wholesale milk with $662.1 million and 13.3 percent of total receipts; greenhouse and nursery with $543.9 million and 10.9 percent of total receipts; and poultry and eggs with $503.2 million and 10.1 percent of total cash receipts. The commodities ranked sixth through tenth were hogs, cattle and calves, wheat, vegetables, and hay, respectively. The top ten commodities accounted for 95.0 percent of all Ohio cash receipts.

The following ten counties ranked first through tenth, respectively, based on total cash receipts: Mercer, Darke, Wayne, Licking, Lake, Putnam, Wood, Hardin, Holmes, and Logan. Wayne county ranked first in milk, cattle and calves. Mercer county ranked first in cash receipts for hogs, poultry, and other livestock. Darke county was in first place for corn, and Ashland ranked first for oats and hay. Wood county was first for soybeans and wheat, and Lake county ranked number one for other crops.


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