Research/Extension Fact Sheet

1999 Ohio Farm Income

E.S.O. 2578


VI. FARM INCOME STATEMENT OF OHIO, 1997-99 AND U.S. 1998, 1999

  Ohio United States
1997 1998 1999 1997 1998
  Million Dollars
  Final crop output 3,697.1 3,135.2 2,465.6 102,138.2 93,138.4
      Food grains 218.8 151.7 147.1 8,891.5 7,291.7
      Feed crops 1,060.6 1,002.4 845.0 22,666.1 19,751.7
      Cotton 0.0 0.0 0.0 6,101.5 4,695.9
      Oil crops 1,280.6 1,087.4 824.1 17,482.8 13,554.6
      Tobacco 28.9 35.1 30.3 2,802.8 2,272.8
      Fruits and tree nuts 23.1 25.9 33.4 12,237.9 12,975.5
      Vegetables 149.4 139.6 136.1 15,144.8 15,163.7
      All other crops 611.9 622.0 626.7 17,136.0 17,440.6
      Home consumption 5.8 5.8 5.7 146.3 146.5
      Value of inventory adjustment 2/ 318.1 65.3 (182.7) (471.5) (154.4)
 
  Final animal output 1,816.4 1,833.4 1,799.5 94,192.6 95,080.4
      Meat animals 705.0 615.2 557.8 43,336.1 45,600.5
      Dairy products 583.2 665.2 648.4 24,114.0 23,204.0
      Poultry and eggs 550.1 537.2 543.3 22,942.1 22,941.8
      Miscellaneous livestock 36.9 36.2 36.8 3,719.2 3,717.0
      Home consumption 21.7 19.8 20.8 347.3 361.7
      Value of inventory adjustment 2/ (80.5) (40.0) (7.6) (266.3) (744.6)
 
  Services and forestry 767.2 829.5 864.8 24,676.4 26,708.6
      Machine hire and customwork 54.5 47.3 52.9 2,205.1 2,043.8
      Forest products sold 185.1 187.0 198.2 2,985.1 2,946.2
      Other farm income 104.4 130.1 156.0 8,671.5 10,849.2
      Gross imputed rental value of farm dwellings 423.2 465.0 457.7 10,814.6 10,869.4
 
  Final agricultural sector output 6,280.7 5,798.2 5,129.9 221,007.2 214,927.4
 
Less: Intermediate consumption outlays 2,643.5 2,702.0 2,796.5 118,528.4 120,823.7
  Farm origin 925.4 884.4 950.4 44,791.8 45,549.6
      Feed purchased 574.9 517.7 575.5 25,030.5 24,525.2
      Livestock and poultry purchased 74.2 68.9 83.7 12,549.6 13,812.4
      Seed purchased 276.3 297.8 291.2 7,211.7 7,212.0
 
  Manufactured inputs 878.4 908.4 867.1 28,150.4 27,310.8
      Fertilizers and lime 389.4 427.8 394.4 10,624.2 9,921.5
      Pesticides 280.6 289.3 276.9 9,017.8 8,618.2
      Petroleum fuel and oils 151.1 139.3 141.4 5,600.0 5,784.4
      Electricity 57.3 52.0 54.4 2,908.4 2,986.8
 
  Other intermediate expenses 839.7 909.2 979.0 45,586.2 47,963.3
      Repair and maintenance of capital items 323.4 337.7 360.3 10,355.7 10,521.2
      Machine hire and customwork 64.0 73.4 70.8 5,408.3 5,264.2
      Marketing, storage, and transportation expenses 79.2 88.1 94.8 6,859.2 7,261.5
      Contract labor 8.1 8.5 11.4 2,376.8 2,581.8
      Miscellaneous expenses 365.0 401.6 441.8 20,586.2 22,334.
Plus: Net government transactions 2.1 116.8 432.8 4,805.8 13,098.9
 
  + Direct Government payments 186.4 312.9 627.7 12,208.9 20,594.0
  - Motor vehicle registration and licensing fees 14.5 15.9 13.6 481.2 441.4
  - Property taxes 169.8 180.2 181.3 6,921.9 7,053.6
 
  Gross value added 3,639.3 3,212.9 2,766.2 107,284.5 107,202.7
 
Less: Capital consumption 749.5 767.8 774.4 19,736.0 19,861.8
 
  Net value added 2,889.9 2,445.1 1,991.8 87,548.6 87,340.9
 
Less: Factor payments 1,067.1 1,165.0 1,188.8 42,925.5 43,943.3
      Employee compensation (total hired labor) 271.4 317.9 302.7 16,903.8 17,491.2
      Net rent received by nonoperator landlords 470.6 512.8 544.9 12,656.6 12,863.0
      Real estate and nonreal estate interest 325.1 334.3 341.2 13,365.0 13,589.1
 
  Net farm income 1,822.7 1,280.1 803.0 44,623.1 43,397.6
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 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 31. A negative value is an offset to production from prior years included in current-year sales.


Back | Forward | Table of Contents