NY Cash Receipts & Farm Income July 2006

Net farm income in New York increased 15 percent in 2004 to $638 million. The value of livestock production was 2.30 billion, up 20 percent. Purchased inputs increased 13 percent to $2.17 billion while direct government payments decreased 49 percent.

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

Of other agricultural costs, property taxes were up 5 percent. Interest costs increased 3 percent.

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		2000	2001	2002	2003	2004
			1,000 dollars

	Final crop output	1,156,277	1,226,141	1,213,347	1,294,985	1,366,812
	Food grains	14,657	16,877	23,091	20,902	18,351
	Feed crops	158,651	147,494	185,853	175,104	202,932
	Oil crops	20,392	20,906	23,603	35,758	38,494
	Fruits and tree nuts	200,821	181,747	188,531	185,224	235,272
	Vegetables	480,273	482,053	472,306	446,540	470,213
	All other crops	324,260	324,173	349,158	362,139	385,853
	Home consumption	6,685	4,491	5,074	3,302	2,936
	Value of inventory adjustment	(49,462)	48,400	(34,269)	66,016	12,761

	Value of livestock production	1,862,414	2,236,519	1,964,355	1,918,376	2,299,414
	Meat animals	181,907	165,942	115,801	132,735	145,069
	Dairy products	1,543,966	1,847,810	1,557,888	1,559,555	1,950,144
	Poultry and eggs	96,264	94,382	86,673	104,230	112,190
	Miscellaneous livestock	108,758	114,285	133,671	146,891	94,912
	Home consumption	3,130	5,340	4,427	5,231	5,119
	Value of inventory adjustment	(71,611)	8,760	65,895	(30,266)	(8,020)

	Revenues from services and forestry	360,459	291,474	336,725	397,582	397,752
	Machine hire and customwork	38,152	22,155	33,024	95,816	52,601
	Forest products sold	11,846	11,135	12,249	12,004	12,724
	Other farm income	147,889	85,097	120,190	113,425	151,290
	Gross imputed rental value of farm dwellings	162,572	173,087	171,262	176,337	181,137

	Value of agricultural sector production	3,379,150	3,754,134	3,514,427	3,610,943	4,063,978

less:	Purchased inputs	1,769,396	1,887,703	2,094,388	1,921,864	2,168,664

	Farm origin	630,042	672,888	807,296	719,779	798,839
	Feed purchased	473,497	511,457	612,116	533,922	623,742
	Livestock and poultry purchased	26,721	31,047	27,275	10,536	9,168
	Seed purchased	129,824	130,384	167,905	175,321	165,929
	Manufactured inputs	402,894	415,012	441,465	397,083	438,288
	Fertilizers and lime	101,851	117,760	93,886	103,329	108,385
	Pesticides	90,157	92,678	98,141	90,902	97,065
	Petroleum fuel and oils	124,200	119,751	111,805	119,989	149,494
	Electricity	86,686	84,823	137,633	82,863	83,344
	Other purchased inputs	736,460	799,803	845,627	805,002	931,537
	Repair and maintenance of capital items	220,414	226,747	205,167	209,076	265,152
	Machine hire and customwork	53,093	61,156	76,332	32,910	39,597
	Marketing, storage, & transportation expenses	125,476	136,601	166,111	118,051	126,925
	Contract labor	13,424	10,068	13,547	23,546	22,218
	Miscellaneous expenses	324,053	365,231	384,470	421,419	477,645

plus	Net government transactions	(22,281)	(68,451)	764	(3,879)	(91,647)

	Direct Government payments	159,876	114,039	159,238	162,269	82,064
	Motor vehicle registration and licensing fees	7,423	5,978	6,523	6,071	6,011
	Property taxes	174,734	176,512	151,951	160,077	167,700

	Gross value added	1,587,473	1,797,980	1,420,804	1,685,200	1,803,667

less:	Capital consumption	387,013	397,141	403,062	405,891	422,726

	Net value added	1,200,460	1,400,839	1,017,742	1,279,309	1,380,941

less:	Payments to stakeholders	663,337	656,463	802,983	723,755	742,466
	Employee compensation (total hired labor)	437,237	435,473	564,606	498,655	526,028
	Net rent received by nonoperator landlords	22,269	30,569	49,078	45,691	32,071
	Real estate and nonreal estate interest	203,831	190,421	189,299	179,409	184,367

	Net farm income	537,123	744,376	214,759	555,554	638,475

Cash receipts from New York farm marketings in 2005 totaled $3.63 billion, up slightly from the 2004 total. Receipts from livestock and poultry products were $2.30 billion. Crop sales increased to $1.33 billion for 2005. Dairy product sales fell to $1.91 billion, over one-half of the total sales.

CASH RECEIPTS: Farm Marketings by Commodities, New York, 2001-2005 (Continued)

Commodity	2001	2002	2003	2004	2005
	1,000 dollars

Cauliflower	4,323	3,969	2,072	920	3,349
Corn, sweet	80,199	84,550	92,859	68,483	69,884
Fresh	68,370	78,344	84,336	59,920	60,545
Processing	11,829	6,206	8,523	8,563	9,339
Cucumbers	20,526	22,522	12,461	24,122	15,282
Fresh	20,103	22,522	12,461	24,122	15,282
Processing	423	NA	NA	NA	NA
Eggplant, all	4,884	NA	NA	NA	NA
Escarole	2,672	NA	NA	NA	NA
Onions	39,373	31,672	40,872	48,868	48,957
Peas, green	12,324	8,132	9,817	11,747	11,414
Peppers, green, fresh	12,229	NA	NA	NA	NA
Spinach	799	NA	NA	NA	NA
Fresh	684	NA	NA	NA	NA
Processing	115	NA	NA	NA	NA
Tomatoes	28,512	24,003	25,953	22,860	21,456
Fresh	28,512	24,003	25,953	22,860	21,456
Squash	14,851	18,819	23,511	37,909	29,134
Pumpkins	23,923	23,776	9,943	25,389	21,942
Misc. vegetables	36,500	89,700	78,500	94,700	86,200

FRUITS	180,893	184,631	185,790	236,295	243,333
Apples	108,928	111,089	121,198	171,411	184,317
Fresh	75,622	79,441	89,922	130,755	141,005
Processing	33,306	31,648	31,276	40,656	43,312
Cherries	4,373	7,025	3,308	5,626	4,510
Sweet	1,610	605	1,046	1,245	1,267
Tart	2,763	6,420	2,262	4,381	3,243
Grapes	47,668	46,950	38,253	32,536	34,290
Peaches	3,736	2,375	4,218	4,232	2,728
Pears	4,008	3,682	5,513	5,370	4,088
Strawberries	7,080	8,820	7,750	10,400	8,060
Blueberries	1,765	2,550	2,578	2,315	1,963
Other berries	575	700	572	1,885	1,337
Misc. fruits and nuts	2,760	1,440	2,400	2,520	2,040

ALL OTHER CROPS	324,333	349,318	362,211	364,307	391,080
Maple products	5,694	6,838	5,628	7,191	7,191
Other seeds	490	387	503	402	362
Other field crops	862	629	820	723	1,071
Greenhouse/nursery	315,834	340,644	354,519	355,422	381,775
Floriculture	172,934	186,944	194,944	183,022	200,475
Nursery	NA	NA	53,235	NA	NA
Christmas trees	17,900	18,700	19,600	20,400	21,300
Other greenhouse	125,000	135,000	86,740	152,000	160,000
Mushrooms	1,453	820	741	569	681
Other forest products	11,135	12,249	12,004	12,724	12,342

NA - not available. NR - not for release.

Commodity	2001	2002	2003	2004	2005
	1,000 dollars

ALL COMMODITIES	3,394,973	3,132,834	3,161,140	3,622,957	3,632,838

LIVESTOCK AND PRODUCTS	2,222,419	1,894,033	1,943,411	2,302,575	2,304,660
MEAT ANIMALS	165,942	115,801	132,735	145,069	190,041
Cattle and calves	151,540	107,510	120,703	127,331	173,378
Hogs	10,777	6,424	9,524	14,992	12,991
Sheep and lambs	3,625	1,867	2,508	2,746	3,672

DAIRY PRODUCTS	1,847,810	1,557,888	1,559,555	1,950,144	1,913,724

POULTRY/EGGS	94,382	86,673	104,230	112,236	91,325
Broilers	5,002	5,280	5,110	6,570	7,614
Farm chickens	11	10	9	11	14
Chicken eggs	54,007	44,825	56,330	59,844	36,461
Turkeys	4,537	4,521	4,781	5,911	6,446
Ducks	12,950	15,300	19,200	20,900	21,390
Other poultry	17,875	16,737	18,800	19,000	19,400

MISCELLANEOUS LIVESTOCK	114,285	133,671	146,891	95,126	109,570
Honey	2,931	7,350	6,561	5,917	5,344
Wool	54	70	86	75	63
Aquaculture	707	567	797	478	507
Trout	707	567	797	478	507
Other livestock	110,593	125,684	139,447	88,656	103,656
Mink pelts	211	184	147	156	156
All other livestock	110,382	125,500	139,300	88,500	103,500

CROPS	1,172,554	1,238,801	1,217,729	1,320,382	1,328,178
FOOD GRAINS	16,877	23,091	19,923	17,988	16,124
Rye	234	358	306	449	399
Wheat	16,643	22,732	19,618	17,539	15,725
FEED CROPS	147,494	185,853	176,077	196,657	173,081
Barley	426	389	732	779	942
Corn	51,731	65,584	71,199	88,641	83,990
Hay	92,990	116,194	100,841	104,660	85,438
Oats	2,347	3,687	3,306	2,577	2,712
OIL CROPS	20,906	23,603	35,427	41,181	43,544
Soybeans	20,801	23,524	35,294	41,008	43,477
Sunflower	105	79	133	172	68
Misc. oil crops	NA	NA	NA	NA	NA
Canola	NA	NA	NA	NA	NA

VEGETABLES	482,053	472,306	438,300	463,954	461,015
Beans, dry	5,519	5,703	8,898	9,990	9,990
Potatoes	53,819	53,554	54,630	49,693	40,275
Beans, snap	51,697	48,940	40,433	26,956	35,842
Fresh	40,194	37,811	26,656	14,003	23,040
Processing	11,503	11,129	13,777	12,953	12,802
Beets	2,664	NA	NA	NA	NA
Cabbage	87,238	56,965	38,351	42,317	67,289
Fresh	83,462	56,965	38,351	42,317	67,289
Processing	3,776	NA	NA	NA	NA