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Value Added to the U.S. Economy by the Agricultural Sector
Via the Production of Goods and Services, Missouri, 2001-2005
Item 1/ + - = 2001 2002 2003 2004 2005
    -thousand dollars-
Value of Crop Production + 2,098,192 2,009,853 2,301,312 3,379,211 2,168,372
Food Grains   143,798 147,283 198,476 259,618 190,280
Feed Crops   822,871 693,777 908,153 989,456 837,308
Cotton   121,874 116,661 246,173 168,035 196,833
Oil Crops   776,217 848,627 1,005,330 1,068,851 1,112,416
Tobacco   5,877 4,829 4,520 3,774 4,431
Fruits and Tree Nuts   15,392 14,687 17,065 16,408 23,815
Vegetables   29,630 29,679 31,618 28,930 32,089
All Other Crops   134,188 127,741 121,873 115,620 116,936
Home Consumption   8,069 8,494 5,600 4,331 2,517
Value of Inventory Adjustment 2/   40,276 18,076 (237,496) 724,188 (348,253)
Value of Livestock Production + 2,772,147 2,390,176 2,487,482 3,124,821 3,239,151
Meat Animals   1,531,543 1,242,137 1,537,980 1,778,839 1,816,785
Dairy Products   286,229 236,037 234,360 298,808 286,750
Poultry and Eggs   836,078 774,106 784,446 963,822 956,078
Miscellaneous Livestock   41,097 31,502 33,159 33,361 41,315
Home Consumption   5,107 4,943 6,930 10,108 13,865
Value of Inventory Adjustment 2/   72,093 101,451 (109,393) 39,883 124,358
Revenues from Services and Forestry + 966,119 1,051,706 1,032,609 1,067,662 1,164,254
Machine Hire and Customwork   62,650 78,483 50,283 56,263 48,620
Forest Products Sold   8,850 8,900 9,000 9,100 9,200
Other Farm Income   202,329 237,934 260,950 229,950 262,443
Gross Imputed Rental Value of Farm Dwellings   692,290 726,389 712,376 772,349 843,991
Value of Agricultural Sector Production = 5,836,458 5,451,735 5,821,404 7,571,694 6,571,777
Purchased Inputs - 3,405,288 3,217,393 3,214,218 3,198,848 3,452,008
Farm Origin   1,325,667 1,228,395 1,299,422 1,237,416 1,179,405
Feed Purchased   837,649 765,943 800,000 710,000 570,000
Livestock and Poultry Purchased   245,188 227,926 239,422 267,416 309,405
Seed Purchased   242,830 234,526 260,000 260,000 300,000
Manufactured Inputs   922,903 853,040 814,820 935,811 1,124,300
Fertilizers and Lime   402,549 372,377 370,000 450,000 520,000
Pesticides   257,177 230,843 200,000 220,000 230,000
Petroleum Fuel and Oils   194,965 184,517 179,973 204,015 305,979
Electricity   68,212 65,303 64,847 61,796 68,321
Other Purchased Inputs   1,156,718 1,135,958 1,099,976 1,025,621 1,148,303
Repair and Maintenance of Capital Items   441,780 431,194 343,850 359,025 338,032
Machine Hire and Customwork   100,844 97,941 75,944 72,065 49,501
Marketing, Storage, and Transportation Expenses   91,461 71,477 94,135 84,809 120,411
Contract Labor   12,366 19,286 13,857 14,314 13,626
Miscellaneous Expenses   510,267 516,060 572,190 495,408 626,733
Net Government Transactions + 664,607 252,635 300,520 211,509 454,224
Direct Government Payments   826,950 419,554 522,629 441,440 711,212
LessMotor Vehicle Registration and Licensing fees   24,949 23,768 12,109 9,931 16,988
Less Property Taxes   137,394 143,151 210,000 220,000 240,000
Gross Value Added = 3,095,778 2,486,977 2,907,706 4,584,355 3,573,993
Capital Consumption - 826,879 850,470 869,056 929,581 975,781
Net Value Added = 2,268,899 1,636,507 2,038,650 3,654,774 2,598,212
Payments to Stakeholders - 1,044,975 903,887 950,266 930,022 1,050,647
Employee Compensation (total hired labor)   233,931 230,769 246,142 225,686 246,374
Net Rent Received by Nonoperator Landlords   331,889 224,285 270,997 260,053 289,280
Real Estate and Nonreal Estate Interest   479,155 448,833 433,127 444,283 514,993
Net Farm Income = 1,223,924 732,620 1,088,384 2,724,752 1,547,565
           
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.