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Value Added to the U.S. Economy by the Agricultural Sector
Via the Production of Goods and Services, Missouri, 2000-2004
Item 1/ + - = 2000 2001 2002 2003 2004
    -thousand dollars-
Value of Crop Production + 2,062,315 2,098,192 2,009,853 2,301,312 3,379,211
Food Grains   175,391 143,798 147,283 198,476 259,618
Feed Crops   711,602 822,871 693,777 908,153 989,456
Cotton   100,019 121,874 116,661 246,173 168,035
Oil Crops   731,092 776,217 848,627 1,005,330 1,068,851
Tobacco   7,523 5,877 4,829 4,520 3,774
Fruits and Tree Nuts   13,638 15,392 14,687 17,065 16,408
Vegetables   25,771 29,630 29,679 31,618 28,930
All Other Crops   114,406 134,188 127,741 121,873 115,620
Home Consumption   9,903 8,069 8,494 5,600 4,331
Value of Inventory Adjustment 2/   172,970 40,276 18,076 (237,496) 724,188
Value of Livestock Production + 2,603,799 2,772,147 2,390,176 2,487,482 3,124,821
Meat Animals   1,637,937 1,531,543 1,242,137 1,537,980 1,778,839
Dairy Products   269,709 286,229 236,037 234,360 298,808
Poultry and Eggs   735,812 836,078 774,106 784,446 963,822
Miscellaneous Livestock   37,997 41,097 31,502 33,159 33,361
Home Consumption   4,969 5,107 4,943 6,930 10,108
Value of Inventory Adjustment 2/   (82,625) 72,093 101,451 (109,393) 39,883
Revenues from Services and Forestry + 917,716 966,119 1,051,706 1,032,609 1,067,662
Machine Hire and Customwork   87,953 62,650 78,483 50,283 56,263
Forest Products Sold   8,800 8,850 8,900 9,000 9,100
Other Farm Income   178,839 202,329 237,934 260,950 229,950
Gross Imputed Rental Value of Farm Dwellings   642,124 692,290 726,389 712,376 772,349
Value of Agricultural Sector Production = 5,583,830 5,836,458 5,451,735 5,821,404 7,571,694
Purchased Inputs - 3,291,264 3,405,288 3,217,393 3,214,218 3,198,848
Farm Origin   1,237,012 1,325,667 1,228,395 1,299,422 1,237,416
Feed Purchased   785,717 837,649 765,943 800,000 710,000
Livestock and Poultry Purchased   233,387 245,188 227,926 239,422 267,416
Seed Purchased   217,908 242,830 234,526 260,000 260,000
Manufactured Inputs   935,141 922,903 853,040 814,820 935,811
Fertilizers and Lime   394,383 402,549 372,377 370,000 450,000
Pesticides   268,917 257,177 230,843 200,000 220,000
Petroleum Fuel and Oils   213,987 194,965 184,517 179,973 204,015
Electricity   57,854 68,212 65,303 64,847 61,796
Other Purchased Inputs   1,119,111 1,156,718 1,135,958 1,099,976 1,025,621
Repair and Maintenance of Capital Items   430,938 441,780 431,194 343,850 359,025
Machine Hire and Customwork   110,320 100,844 97,941 75,944 72,065
Marketing, Storage, and Transportation Expenses   90,717 91,461 71,477 94,135 84,809
Contract Labor   18,652 12,366 19,286 13,857 14,314
Miscellaneous Expenses   468,484 510,267 516,060 572,190 495,408
Net Government Transactions + 708,300 664,607 252,635 300,520 211,509
Direct Government Payments   872,252 826,950 419,554 522,629 441,440
Less Motor Vehicle Registration and Licensing fees   24,546 24,949 23,768 12,109 9,931
Less Property Taxes   139,406 137,394 143,151 210,000 220,000
Gross Value Added = 3,000,865 3,095,778 2,486,977 2,907,706 4,584,355
Capital Consumption - 798,071 826,879 850,470 869,056 929,581
Net Value Added = 2,202,794 2,268,899 1,636,507 2,038,650 3,654,774
Payments to Stakeholders - 1,092,281 1,044,975 903,887 950,266 930,022
Employee Compensation (total hired labor)   217,157 233,931 230,769 246,142 225,686
Net Rent Received by Nonoperator Landlords   350,899 331,889 224,285 270,997 260,053
Real Estate and Nonreal Estate Interest   524,225 479,155 448,833 433,127 444,283
Net Farm Income = 1,110,513 1,223,924 732,620 1,088,384 2,724,752
             
1/ Value of agricultural sector production 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 of the income from production earned by all factors-of-production, regardless of ownership. 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.
Source: Economic Research Service, U.S. Department of Agriculture.