Value Added to the U.S. Economy by the Agricultural Sector, Montana USA
Last updated September 3, 2009
ITEM 2004 2005 2006 2007 2008
Million Dollars
Value of crop production
    Food grains
     Feed crops
     Oil crops
     Fruits
     Vegetables
    All other crops
     Home consumption
     Value of inventory adjustment  1/
1,032.5
585.6
186.0
12.7
5.3
54.3
98.0
2.6
88.0
1,088.9
620.1
233.0
12.2
4.9
62.4
102.1
2.1
52.1
903.6
698.3
180.0
9.7
1.7
60.3
106.5
1.9
(154.8)
1,302.3
889.9
227.3
10.6
7.1
105.3
97.6
1.7
(37.1)
1,732.2
1,191.3
313.2
12.8
7.9
104.6
92.1
2.0
8.2
Value of livestock production
     Meat animals
     Dairy products
     Poultry and eggs
     Miscellaneous livestock
     Home consumption
     Value of inventory adjustment  1/
1,212.3
1,145.1
53.7
6.6
52.2
5.2
(50.6)
1,318.3
1,142.5
56.3
4.1
52.6
5.7
57.2
1,215.6
1,106.4
45.6
4.8
52.8
6.1
(0.2)
1,348.7
1,019.7
61.1
10.1
43.0
5.2
209.5
1,184.7
1,062.8
58.0
11.7
48.1
6.3
(2.1)
Revenues from services and forestry
     Machine hire and custom work
     Forest products sold
     Other farm income
     Gross imputed rental value of farm dwellings
404.1
18.8
3.0
132.3
250.1
594.0
57.6
3.0
154.3
379.1
652.6
44.2
3.0
194.9
410.6
697.0
59.7
3.0
188.0
446.3
788.1
51.8
3.0
214.4
518.9
Value of agricultural sector production 2/ 2,648.9 3,001.2 2,771.7 3,348.0 3,705.1
(LESS) Purchased inputs 1,239.4 1,418.5 1,622.4 1,782.2 1,962.1
Farm origin
     Feed purchased
     Livestock & poultry purchased
     Seed purchased
246.6
122.1
78.1
46.3
280.9
126.6
98.2
56.0
360.8
148.8
159.5
52.4
401.4
199.2
159.2
43.0
389.5
181.9
159.4
48.2
Manufactured inputs
     Fertilizers & lime
     Pesticides
     Petroleum fuel & oils
     Electricity
389.8
115.5
93.7
144.0
36.5
475.8
153.8
100.5
176.2
45.3
498.0
157.7
104.1
191.1
45.1
605.5
211.0
114.2
227.8
52.5
734.6
272.6
133.5
263.5
65.0
Other purchased inputs
     Repairs & maintenance of capital items
     Machine hire and custom work
     Marketing, storage, and transportation expenses
     Contract labor
     Miscellaneous expenses
603.0
188.6
45.7
63.1
19.5
286.2
661.8
199.7
34.1
93.2
17.1
317.6
763.6
241.5
47.8
102.3
20.9
351.1
775.3
245.1
47.9
82.7
24.9
374.8
838.0
264.2
47.3
104.2
22.8
399.5
(PLUS)  Net government transaction
     + Direct government payments
     - Motor vehicle registration and licensing fees
     - Property taxes
152.1
282.5
12.2
118.2
226.9
381.8
12.5
142.5
94.3
275.3
10.8
170.2
51.6
258.0
13.4
193.0
85.7
294.5
13.9
194.8
Gross value added 1,561.6 1,809.6 1,243.6 1,617.4 1,828.7
(LESS) Capital consumption 363.9 405.8 445.7 466.6 496.7
Net value added 2/ 1,197.7 1,403.8 797.9 1,150.8 1,332.0
(LESS) Payments to stakeholders
     Employee compensation (total hired labor)
     Net rent received by non-operator landlords
     Real estate and non-real estate Interest
483.2
148.4
176.4
158.4
562.2
173.0
203.8
185.4
544.4
177.4
154.3
212.7
563.2
195.8
145.4
221.9
642.9
191.2
240.5
211.2
Net farm Income 2/ 714.5 841.5 253.5 587.6 689.1
1/ 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.
2/ 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 income from production earned by all factors-of-production, regardless of ownership.  Net farm income is the farm operator’s 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.
SOURCE:  Economic Indicators of the Farm Sector, State Income and Balance Sheet Statistics, UDSA—ERS

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