1999 Ohio Farm Income

E.S.O. 2578

V. FARM ASSETS, DEBTS AND RATIOS, OHIO 1995-1998, U.S. 1997, 1998

Ohio United States

1995 1996 1997 1998 1997 1998

Thousand Dollars

Farm assets 29,516,394 30,876,115 32,797,860 33,203,879 1,051,571,784 1,064,298,448

    Real estate 22,628,967 23,499,312 25,364,336 26,110,346 808,439,846 822,837,533

    Livestock & poultry 1/ 1,059,297 1,093,550 1,063,134 995,700 67,075,193 62,027,950

    Machinery & motor vehicles 2/ 3,241,152 3,224,897 3,232,256 3,258,825 88,986,843 88,594,639

    Crops 3/ 949,765 1,141,956 1,338,112 766,599 32,234,298 30,136,579

    Purchased inputs 137,552 190,174 222,904 229,268 5,112,590 5,258,553

    Financial 1,499,661 1,726,226 1,577,118 1,843,141 49,723,014 55,443,194

Farm debt 4/ 3,431,415 3,642,504 3,916,335 4,130,531 165,413,493 172,862,459

    Real estate 2,046,288 2,153,292 2,288,091 2,407,869 85,359,385 89,615,293

    Farm Credit System 720,054 768,692 843,314 907,368 27,097,928 28,887,735

    Farm Service Agency 100,039 92,477 84,191 75,013 4,372,663 4,073,399

    Commercial banks 688,280 736,513 798,652 859,678 25,239,726 27,168,314

    Life insurance companies 89,283 95,295 89,937 98,485 9,698,796 10,723,206

    Individuals and others 448,632 460,314 471,997 467,325 18,950,271 18,762,640

    CCC storage & drying loans 0 0 0 0 0 0

Nonreal estate 1,385,127 1,489,212 1,628,244 1,722,662 80,054,108 83,247,166

    Farm Credit System 358,839 448,397 510,673 577,766 15,242,684 16,811,685

    Farm Service Agency 61,773 50,859 44,640 36,069 4,282,707 3,993,166

    Commercial banks 561,514 555,205 603,985 620,341 41,712,713 42,842,320

    Individuals and others 403,001 434,752 468,946 488,485 18,816,000 19,600,001

Equity 26,084,979 27,233,611 28,881,525 29,073,348 886,158,291 891,435,989

Ratio:

    Debt/equity 13.2 13.4 13.6 14.2 18.7 19.4

    Debt/assets 11.6 11.8 11.9 12.4 15.7 16.2

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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	Ohio				United States
	1995	1996	1997	1998	1997	1998
	Thousand Dollars
Farm assets	29,516,394	30,876,115	32,797,860	33,203,879	1,051,571,784	1,064,298,448
Real estate	22,628,967	23,499,312	25,364,336	26,110,346	808,439,846	822,837,533
Livestock & poultry 1/	1,059,297	1,093,550	1,063,134	995,700	67,075,193	62,027,950
Machinery & motor vehicles 2/	3,241,152	3,224,897	3,232,256	3,258,825	88,986,843	88,594,639
Crops 3/	949,765	1,141,956	1,338,112	766,599	32,234,298	30,136,579
Purchased inputs	137,552	190,174	222,904	229,268	5,112,590	5,258,553
Financial	1,499,661	1,726,226	1,577,118	1,843,141	49,723,014	55,443,194

Farm debt 4/	3,431,415	3,642,504	3,916,335	4,130,531	165,413,493	172,862,459
Real estate	2,046,288	2,153,292	2,288,091	2,407,869	85,359,385	89,615,293
Farm Credit System	720,054	768,692	843,314	907,368	27,097,928	28,887,735
Farm Service Agency	100,039	92,477	84,191	75,013	4,372,663	4,073,399
Commercial banks	688,280	736,513	798,652	859,678	25,239,726	27,168,314
Life insurance companies	89,283	95,295	89,937	98,485	9,698,796	10,723,206
Individuals and others	448,632	460,314	471,997	467,325	18,950,271	18,762,640
CCC storage & drying loans	0	0	0	0	0	0

Nonreal estate	1,385,127	1,489,212	1,628,244	1,722,662	80,054,108	83,247,166
Farm Credit System	358,839	448,397	510,673	577,766	15,242,684	16,811,685
Farm Service Agency	61,773	50,859	44,640	36,069	4,282,707	3,993,166
Commercial banks	561,514	555,205	603,985	620,341	41,712,713	42,842,320
Individuals and others	403,001	434,752	468,946	488,485	18,816,000	19,600,001

Equity	26,084,979	27,233,611	28,881,525	29,073,348	886,158,291	891,435,989

Ratio:
Debt/equity	13.2	13.4	13.6	14.2	18.7	19.4
Debt/assets	11.6	11.8	11.9	12.4	15.7	16.2
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.