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CASH RECEIPTS
AND FARM INCOME


Released: October 2001
No. 971-2-01

NET FARM INCOME DOWN 9 PERCENT

Net farm income decreased 9 percent in 2000 to $609 million. Crop output value totaled $1.16 billion, up 3 percent and livestock output value decreased 9 percent to $1.87 billion. Consumption outlays decreased slightly to $1.74 billion while government transactions increased 33 percent.

Decreases in consumption outlays for feed purchased, fertilizer and lime, machine hire and custom work, marketing storage and transportation expenses, contract labor, and miscellaneous expenses offset increases in livestock and poultry purchased, seed, pesticides, petroleum fuel and oils, electricity, repair and maintenance expenses.

Of other agricultural costs, property taxes were 5 percent lower. Interest costs rose 3 percent.

VALUE ADDED CONCEPTS

The value-added format is used to present income accounts, replacing the traditional net farm income format. The underlying accounting concepts are the same under both formats and the value for net farm income is identical. The presence of more disaggregated components under the value-added format makes it easier to discern what forces are driving the changes and trends in farm income. In addition, the value added approach to sector accounting has the advantage of being the format accepted and utilized internationally, making comparisons across countries more feasible.

Value Added to the Economy by the Agricultural Sector,
New York, 1996-2000

Item 1996 1997 1998 1999 2000
1,000 dollars
Final crop output 949,735 994,921 1,048,305 1,118,023 1,156,733
Food grains 29,603 24,354 17,849 18,765 17,044
Feed crops 194,524 172,242 173,180 146,295 154,242
Oil crops 18,342 306 12,661 22,922 22,627
Fruits and tree nuts 211,685 203,802 189,466 206,149 198,928
Vegetables 248,636 313,633 389,048 400,743 476,370
All other crops 231,612 271,057 294,015 303,576 319,364
Home consumption 2,628 2,628 2,628 2,697 2,561
Value of inventory adjustment 12,705 6,899 (30,542) 16,876 (34,403)
Final animal output 2,102,271 1,788,850 2,077,728 2,052,441 1,866,128
Meat animals 112,698 125,245 118,818 131,244 182,305
Dairy products 1,690,419 1,526,158 1,786,862 1,743,094 1,543,835
Poultry and eggs 101,213 86,704 91,654 86,473 96,264
Miscellaneous livestock 173,576 89,984 94,415 88,527 111,889
Home consumption 3,344 4,102 3,448 3,390 3,352
Value of inventory adjustment 21,021 (43,343) (17,469) (287) (71,517)
Services and forestry 236,357 270,686 263,210 312,006 365,205
Machine hire and custom work 24,464 36,221 27,384 16,817 37,999
Forest products sold 9,160 9,618 10,099 10,125 11,846
Other farm income 51,540 73,544 80,203 131,258 162,165
Gross imputed rental value of farm dwellings 151,193 151,303 145,524 153,806 153,195
Final agricultural sector output 3,288,363 3,054,457 3,389,243 3,482,469 3,388,066
less: Intermediate consumption outlays 1,602,598 1,764,342 1,831,841 1,778,609 1,740,091
Feed purchased 418,171 484,339 511,963 475,506 429,041
Livestock and poultry purchased 12,449 14,396 14,414 19,452 31,112
Seed purchased 108,904 119,379 129,370 111,437 128,089
Fertilizers and lime 105,394 113,375 108,440 104,666 101,900
Pesticides 78,984 88,475 91,329 82,766 85,620
Petroleum fuel and oils 109,716 111,276 99,156 91,547 119,237
Electricity 72,869 92,796 72,793 79,295 86,298
Repair and maintenance of capital items 178,661 197,866 221,244 204,531 218,486
Machine hire and custom work 44,689 49,087 65,012 61,452 59,547
Marketing, storage, & transportation expenses 129,979 139,341 117,380 132,604 126,951
Contract labor 10,849 15,579 18,040 19,378 13,431
Miscellaneous expenses 331,933 338,433 382,700 395,975 340,379
plus: Direct Government payments 43,401 39,623 60,799 120,397 159,876
less: Motor vehicle registration and licensing fees 5,981 5,656 6,522 5,648 7,481
less: Property taxes 202,989 210,904 215,207 216,457 205,983
Gross value added 1,520,196 1,113,178 1,396,472 1,602,152 1,594,387
less: Capital consumption 401,412 377,669 382,192 395,118 399,132
Net value added 1,118,784 735,509 1,014,280 1,207,034 1,195,255
less:  Employee compensation (total hired labor) 382,575 392,879 409,569 367,638 402,943
Net rent received by nonoperator landlords (6,688) (972) (13,544) (11,084) (6,381)
Real estate and nonreal estate interest  180,207 176,990 182,291 184,798 189,640
Net farm income 562,690 166,612 435,964 665,682 609,053
SOURCE: Economic Research Service, U.S. Department of Agriculture.
2000 CASH RECEIPTS DOWN 1 PERCENT

Cash receipts from New York farm marketing in 2000 reached $3.13 billion, 1 percent below the 1999 total. Receipts from livestock and poultry products are estimated at $1.93 billion, down 6 percent from the previous year. Dairy receipts were down nearly 12 percent to $1.54 billion. Crop sales are an estimated $1.20 billion, up 8 percent from a year ago. Increases in nursery, vegetable, fruit receipts offset decreases in field crop receipts.

CASH RECEIPTS:   Farm Marketing by Commodities, 1996-2000

  1996 1997 1998 1999 2000
----1,000 dollars---- % of Total
LIVESTOCK AND PRODUCTS 2,077,906 1,828,091 2,091,749 2,049,338 1,934,293 61.8
Dairy products 1,690,419 1,526,158 1,786,862 1,743,094 1,543,835 49.3
Cattle and calves 99,225 108,148 106,712 122,904 172,601 5.5
Eggs 66,949 51,671 51,272 47,121 52,311 1.7
Horses/Mules 1/ NA 45,000 45,000 NA NA 0.0
Hogs 10,192 13,851 8,828 5,503 6,798 0.2
Ducks 10,614 11,696 12,558 12,144 13,720 0.4
Turkeys 5,373 5,077 4,780 5,239 5,329 0.2
Sheep and Wool 3,488 3,431 3,371 2,930 2,946 0.1
Broilers 3,280 2,730 4,059 4,290 4,248 0.1
Honey 4,842 3,672 3,640 3,188 2,552 0.1
Other livestock and poultry 2/ 183,524 56,657 64,667 102,925 129,953 4.2
FIELD CROPS 296,406 284,164 282,086 256,522 255,124 8.2
Corn for grain 115,290 86,007 81,838 61,683 56,761 1.8
Hay 75,212 83,509 87,646 81,674 94,913 3.0
Potatoes 43,982 62,242 58,979 58,808 54,229 1.7
Wheat 29,263 23,973 16,922 17,876 16,681 0.5
Soybeans 18,091 15,845 22,225 22,696 22,418 0.7
Dry beans 9,954 9,175 9,581 9,734 7,304 0.2
Oats 4,023 2,726 3,696 2,937 2,246 0.1
Other field crops 591 687 1,199 1,114 572 0.0
VEGETABLE CROPS 195,053 242,423 320,709 335,845 412,455 13.2
Onions 38,386 36,481 47,853 43,084 44,813 1.4
Cabbage 32,137 49,620 46,066 59,033 83,688 2.7
Sweet corn 46,352 44,812 63,077 64,857 68,040 2.2
Snap beans 20,841 28,790 30,210 33,636 48,772 1.6
Tomatoes 3/ 3,712 11,382 13,619 12,404 30,672 1.0
Lettuce 1,040 2,940 3,300 3,339 1,089 0.0
Cucumbers 3/ 6,747 12,840 14,668 16,848 20,269 0.6
Cauliflower 4,662 6,960 9,637 6,319 4,104 0.1
Carrots 2,915 4,251 4,164 7,144 5,445 0.2
Green peas 8,461 8,446 12,705 9,963 6,693 0.2
Green peppers - - - - 7,079 0.2
Spinach - - - - 3,202 0.1
Squash - - - - 17,206 0.5
Pumpkins - - - - 26,334 0.8
Beets 3,127 2,620 2,167 3,036 2,442 0.1
Other vegetables 26,673 33,281 73,243 76,182 42,607 1.4
FRUIT CROPS 211,685 203,802 190,081 208,153 208,764 6.7
Apples 137,948 140,200 127,989 121,545 136,893 4.4
Grapes 47,220 40,024 39,499 58,366 45,940 1.5
Strawberries 8,880 6,767 7,015 8,268 6,825 0.2
Cherries 2,896 3,355 3,546 4,160 4,221 0.1
Pears 5,748 3,070 3,754 4,390 4,551 0.1
Peaches 4,003 5,296 3,538 5,454 4,524 0.1
Other fruit and berries 4,990 5,090 4,740 5,970 5,810 0.2
ALL OTHER CROPS 230,284 270,211 293,519 302,331 319,216 10.2
Greenhouse and nursery 200,623 247,494 268,820 277,905 295,072 9.4
Christmas trees  18,300 13,200 15,300 16,200 17,000 0.5
Maple 8,747 6,752 6,202 5,324 5,334 0.2
Other, miscellaneous 2,614 2,765 3,197 2,902 1,810 0.1
ALL CROPS 933,428 1,000,600 1,086,395 1,102,851 1,195,559 38.2
ALL COMMODITIES 3,011,334 2,828,691 3,178,144 3,152,189 3,129,852 100.0
1/  Horses and Mules separated from "Other Livestock and Poultry" for 1997 and 1998 only.
2/ Other Livestock and Poultry data series adjusted due to 1997 Census of Agriculture.
3/  Fresh only. Processing included with "Other Vegetables".

PROGRAM PAYMENTS TOTAL $252.1 MILLION

Federal program direct payments to New York farmers increased to $252.1 million in 2000, 56 percent more than the $159.3 million in 1999. Direct payments to all New York farmers averaged $6,630 per farm compared to $4,080 per farm in 1999.

Government Payments to New York Farmers,
by Program, 1996-2000

Program
1996 1997 1998 1999 2000
Million dollars
Emergency Payments 0.7 1.4 3.4 48.2 57.3
Commodity Payments 50.7 69.5 76.8 37.8 68.6
Conservation Payments 5.1 9.3 7.8 6.8 7.9
Farm Loan Program 74.2 72.8 62.9 66.4 118.3
Total Federal Assistance 130.7 153.0 151.0 159.3 252.1