Research/Extension Fact Sheet

1998 Ohio Farm Income

E.S.O. 2554


V. Farm Assets, Debts and Ratios, Ohio 1994-1997, U.S. 1996-1997

Ohio United States
1994 1995 1996 1997 1996 1997
Thousand Dollars
Farm assets 29,763,540 31,906,972 33,872,921 36,310,731 1,033,858,461 1,088,841,551
Real estate 22,705,003 25,062,177 26,586,824 28,980,899 799,494,119 849,240,923
Livestock & poultry 1/ 1,150,434 1,059,297 1,093,550 1,145,474 60,314,851 66,771,124
Machinery & motor vehicles 2/ 3,218,016 3,199,177 3,142,881 3,164,284 88,941,877 88,083,749
Crops 3/ 881,584 949,765 1,141,956 1,227,424 31,692,878 29,903,389
Purchased inputs 190,516 137,552 190,174 222,904 4,361,891 5,112,590
Financial 1,617,987 1,499,004 1,717,536 1,569,746 49,052,845 49,729,776
Farm debt 4/ 3,328,637 3,431,415 3,642,504 3,916,335 156,073,748 165,413,494
Real estate 2,018,965 2,046,288 2,153,292 2,288,091 81,657,044 85,359,386
Farm Credit System 714,670 720,054 768,692 843,314 25,729,866 27,097,928
Farm Service Agency 111,308 100,039 92,477 84,191 4,701,970 4,372,663
Commercial banks 673,208 688,280 736,513 798,652 23,275,938 25,239,726
Life insurance companies 83,927 89,283 95,295 89,937 9,468,069 9,698,796
Individuals and others 435,852 448,632 460,314 471,997 18,481,196 18,950,271
CCC storage & drying loans 0 0 0 0 0 0
Nonreal estate 1,309,672 1,385,127 1,489,212 1,628,244 74,416,704 80,054,108
Farm Credit System 330,859 358,839 448,397 510,673 14,015,097 15,242,684
Farm Service Agency 79,858 61,773 50,859 44,640 4,613,796 4,282,707
Commercial banks 520,379 561,514 555,205 603,985 38,343,806 41,712,713
Individuals and others 378,576 403,001 434,752 468,946 17,444,005 18,816,000
Equity 26,434,903 28,475,557 30,230,417 32,394,396 877,784,713 923,428,057
Ratio:
Debt/equity 12.6 12.1 12.0 12.1 17.8 17.9
Debt/assets 11.2 10.8 10.8 10.8 15.1 15.2
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.


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