Cash Receipts and Farm Income Release 8/1/05

Net farm income in New York increased 54 percent in 2003 to $597 million. The value of livestock production was 1.89 billion, down 3 percent. Purchased inputs decreased 5 percent to $1.82 billion while direct government payments increased 2 percent.

Increases in purchased inputs for seed purchased and petroleum fuels and oils were more than offset by decreases in feed purchased, livestock and poultry purchased, fertilizer and lime, pesticides, electricity, repair and maintenance of capital items, marketing, storage, and transportation expenses, and contract labor.

Of other agricultural costs, property taxes were up 7 percent. Interest costs increased slightly.

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 is the format accepted and utilized internationally, making comparisons across countries more feasible.

Item		1999	2000	2001	2002	2003
		1,000 dollars

	Final crop output	1,124,227	1,155,984	1,226,139	1,218,091	1,313,728
	Food grains	18,649	14,657	16,877	24,817	20,347
	Feed crops	144,734	158,651	147,494	187,453	189,603
	Oil crops	22,899	20,392	20,906	23,603	28,643
	Fruits and tree nuts	207,308	200,821	181,747	189,201	183,880
	Vegetables	400,362	480,273	482,053	472,306	442,793
	All other crops	303,568	323,967	324,173	344,154	359,493
	Home consumption	6,308	6,685	4,491	4,045	5,543
	Value of inventory adjustment	20,399	(49,462)	48,398	(27,488)	83,426

	Value of livestock production	2,052,721	1,862,414	2,236,519	1,945,233	1,890,768
	Meat animals	131,172	181,907	165,942	115,801	132,735
	Dairy products	1,743,094	1,543,966	1,847,810	1,557,888	1,559,555
	Poultry and eggs	86,474	96,264	94,382	82,223	103,208
	Miscellaneous livestock	88,527	108,758	114,285	118,616	119,120
	Home consumption	3,625	3,130	5,340	4,810	6,591
	Value of inventory adjustment	(171)	(71,611)	8,760	65,895	(30,441)

	Revenues from services and forestry	303,677	367,516	296,734	346,508	376,853
	Machine hire and custom work	16,988	38,152	22,155	33,024	63,891
	Forest products sold	10,125	11,846	11,135	12,249	12,861
	Other farm income	129,747	161,914	95,424	131,777	126,031
	Gross imputed rental value of farm dwellings	146,817	155,604	168,020	169,458	174,070

	Value of agricultural sector production	3,480,625	3,385,914	3,759,392	3,509,832	3,581,349

less:	Purchased inputs	1,789,107	1,742,269	1,854,174	1,927,328	1,824,250

	Farm origin	620,793	604,396	639,801	685,452	629,109
	Feed purchased	490,637	447,853	477,956	489,884	445,661
	Livestock and poultry purchased	17,763	26,719	31,461	27,663	10,605
	Seed purchased	112,393	129,824	130,384	167,905	172,843
	Manufactured inputs	368,868	402,902	415,021	393,851	376,328
	Fertilizers and lime	108,076	101,851	117,760	93,948	93,896
	Pesticides	87,605	90,157	92,678	98,141	89,219
	Petroleum fuel and oils	93,654	124,208	119,760	114,023	115,772
	Electricity	79,533	86,686	84,823	87,739	77,441
	Other purchased inputs	799,446	734,971	799,352	848,025	818,813
	Repair and maintenance of capital items	200,536	216,885	222,322	236,450	220,084
	Machine hire and custom work	53,461	53,093	61,156	45,687	36,496
	Marketing, storage, & transportation expenses	131,558	125,801	137,102	173,675	119,458
	Contract labor	19,735	13,424	10,068	20,165	18,629
	Miscellaneous expenses	394,156	325,768	368,704	372,048	424,146

plus:	Net government transactions	(70,093)	(22,339)	(68,439)	19	(9,621)

plus:	Direct Government payments	120,397	159,876	114,039	158,174	160,965
less:	Motor vehicle registration and licensing fees	5,648	7,481	5,966	5,853	6,946
less:	Property taxes	184,842	174,734	176,512	152,302	163,640

	Gross value added	1,621,425	1,621,306	1,836,779	1,582,523	1,747,478

less:	Capital consumption	382,765	390,172	398,223	401,726	400,471

	Net value added	1,238,660	1,231,134	1,438,556	1,180,797	1,347,007

less:	Payments to stakeholders	588,387	661,764	651,568	794,020	749,805
less:	Employee compensation (total hired labor)	381,557	437,237	435,473	556,041	515,693
	Net rent received by non operator landlords	18,316	23,774	30,815	51,661	46,480
	Real estate and non real estate interest	188,514	200,753	185,280	186,318	187,632

	Net farm income	650,273	569,370	786,988	386,777	597,202

SOURCE: Economic Research Service, U.S. Department of Agriculture.

Cash receipts from New York farm marketings in 2004 totaled $3.63 billion, up 15 percent from the 2003 total. Receipts from livestock and poultry products were $2.30 billion, up 18 percent from the previous year.

Crop sales increased 9 percent to $1.33 billion for 2004. Dairy product sales increased 25 percent to total $1.95 billion, about one-half of the total sales.

Commodity	2000	2001	2002	2003	2004
	1,000 dollars

ALL COMMODITIES	3,131,035	3,395,669	3,137,229	3,165,351	3,634,307

LIVESTOCK AND PRODUCTS	1,930,895	2,222,419	1,894,033	1,943,411	2,302,306
MEAT ANIMALS	181,907	165,942	115,801	132,735	145,069
Cattle and calves	172,601	151,540	107,510	120,703	127,331
Hogs	6,266	10,777	6,424	9,524	14,992
Sheep and lambs	3,040	3,625	1,867	2,508	2,746

DAIRY PRODUCTS	1,543,966	1,847,810	1,557,888	1,559,555	1,950,144

POULTRY/EGGS	96,264	94,382	86,673	104,230	112,190
Broilers	4,248	5,002	5,280	5,110	6,570
Farm chickens	106	11	10	9	11
Chicken eggs	52,311	54,007	44,825	56,330	59,798
Turkeys	5,329	4,537	4,521	4,781	5,911
Ducks	13,720	12,950	15,300	19,200	20,900
Other poultry	20,550	17,875	16,737	18,800	19,000

MISCELLANEOUS LIVESTOCK	108,758	114,285	133,671	146,891	94,903
Honey	2,552	2,931	7,350	6,561	5,703
Horses/mules	NA	NA	NA	NA	NA
Wool	40	54	70	86	75
Trout	615	707	567	797	478
Mink pelts	199	211	184	147	147
All other livestock	105,352	110,382	125,500	139,300	88,500

CROPS	1,200,140	1,173,250	1,243,196	1,221,940	1,332,001
FOOD GRAINS	14,657	16,877	23,091	20,902	18,351
Rye	361	234	358	306	449
Wheat	14,296	16,643	22,732	20,596	17,902
FEED CROPS	158,651	147,494	185,853	175,104	202,932
Barley	358	426	389	576	498
Corn	53,763	51,731	65,584	68,790	79,862
Hay	102,343	92,990	116,194	102,576	120,252
Oats	2,188	2,347	3,687	3,163	2,321
OIL CROPS	20,392	20,906	23,603	35,758	38,494
Soybeans	20,193	20,801	23,524	35,626	38,334

VEGETABLES	480,273	482,053	472,306	446,540	470,213
Beans, dry	6,891	5,519	5,703	8,898	9,990
Potatoes	58,964	53,819	53,554	55,769	46,141
Beans, snap	48,772	51,697	48,940	40,433	26,956
Fresh	31,537	40,194	37,811	26,656	14,003
Processing	17,235	11,503	11,129	13,777	12,953
Beets	2,442	2,664	NA	NA	NA
Cabbage	83,688	87,238	56,965	38,351	43,226
Fresh	79,624	83,462	56,965	38,351	43,226
Processing	4,064	3,776	NA	NA	NA

CASH RECEIPTS: Farm Marketings by Commodities, New York, 2000-2004 (Continued)

Commodity	2000	2001	2002	2003	2004
	1,000 dollars

Carrots	NA	NA	NA	NA	NA
Cauliflower	4,104	4,323	3,969	2,072	920
Corn, sweet	68,040	80,199	84,550	92,859	68,483
Fresh	56,441	68,370	78,344	84,336	59,920
Processing	11,599	11,829	6,206	8,523	8,563
Cucumbers, Fresh	20,269	20,103	22,522	12,461	24,122
Eggplant, all	3,694	4,884	NA	NA	NA
Escarole	2,606	2,672	NA	NA	NA
Lettuce	NA	NA	NA	NA	NA
Onions	40,410	39,373	31,672	47,974	57,770
Peas, green	6,693	12,324	8,132	9,817	11,747
Peppers, green, fresh	13,766	12,229	NA	NA	NA
Spinach	3,317	799	NA	NA	NA
Fresh	3,202	684	NA	NA	NA
Processing	115	115	NA	NA	NA
Tomatoes	30,672	28,512	24,003	25,953	22,860
Fresh	30,672	28,512	24,003	25,953	22,860
Processing	NA	NA	NA	NA	NA
Squash	17,206	14,851	18,819	23,511	37,909
Pumpkins	26,334	23,923	23,776	9,943	25,389
Misc. vegetables	42,000	36,500	89,700	78,500	94,700

FRUITS	200,821	181,747	189,185	181,497	216,158
Apples	128,405	109,782	114,989	119,343	152,573
Fresh	90,807	76,476	83,341	89,915	116,502
Processing	37,598	33,306	31,648	29,428	36,071
Cherries	4,766	4,373	7,025	3,308	5,626
Sweet	1,230	1,610	605	1,046	1,245
Tart	3,536	2,763	6,420	2,262	4,381
Grapes	45,940	47,668	47,604	35,815	31,237
Peaches	4,524	3,736	2,375	4,218	4,232
Pears	4,551	4,008	3,682	5,513	5,370
Strawberries	6,825	7,080	8,820	7,750	10,400
Blueberries	1,816	1,765	2,550	2,578	2,315
Other berries and fruits	3,994	3,335	2,140	2,972	4,405

ALL OTHER CROPS	325,346	324,173	349,158	362,139	385,853
Maple products	6,090	5,694	6,838	5,628	5,628
Other seeds	175	490	387	503	402
Other field crops and seeds	231	862	629	820	723
Greenhouse/nursery	316,883	315,834	340,644	354,519	378,415
Floriculture	179,883	172,934	186,944	194,944	209,015
Nursery	52,012	NA	NA	53,235	NA
Christmas trees	17,000	17,900	18,700	19,600	20,400
Other greenhouse	67,988	125,000	135,000	86,740	149,000

NA - not available. NR - not for release.