E-mail: nass-ny@nass.usda.gov
(518) 457-5570
CASH RECEIPTS AND FARM INCOME
Released: August 2007
No. 971-1-07
NET FARM INCOME UP 21 PERCENT
Net farm income in New York increased 21 percent in 2005 to $1.11 billion. Livestock output value increased slightly to $2.31 billion and while crop output value decreased slightly to $1.29 billion. Purchased inputs decreased 7 percent to $1.75 billion while direct government payments increased 74 percent.
Decreases in purchased inputs for feed, seed, pesticides, electricity, repair and maintenance, machine hire and custom work, marketing, storage and transportation expenses and miscellaneous expenses more than offset increase in costs for livestock and poultry purchases, fertilizer and lime, petroleum and oils, and contract labor.
Of other agricultural costs, property taxes were up 20 percent. Interest costs increased 16 percent.
NET VALUE ADDED
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.
VALUE ADDED TO NEW YORK ECONOMY BY AGRICULTURE, 2001-2005
| Item |
2001 |
2002 |
2003 |
2004 |
2005 |
|
| 1,000 dollars |
||||||
| Value of crop production |
1,225,447 |
1,209,607 |
1,291,229 |
1,303,643 |
1,292,855 |
|
| Food grains |
16,877 |
23,091 |
19,923 |
17,988 |
16,124 |
|
| Feed crops |
147,494 |
185,853 |
176,077 |
196,657 |
173,056 |
|
| Oil crops |
20,906 |
23,603 |
35,427 |
41,181 |
43,446 |
|
| Fruits and tree nuts |
180,893 |
184,631 |
185,790 |
236,295 |
244,498 |
|
| Vegetables |
482,053 |
472,306 |
438,347 |
462,350 |
457,551 |
|
| All other crops |
324,333 |
349,318 |
362,211 |
364,307 |
391,080 |
|
| Home consumption |
4,491 |
5,074 |
3,302 |
2,936 |
2,551 |
|
| Value of inventory adjustment |
48,400 |
(34,269) |
70,152 |
(18,071) |
(35,451) |
|
| Value of livestock production |
2,236,519 |
1,964,355 |
1,918,376 |
2,300,222 |
2,309,314 |
|
| Meat animals |
165,942 |
115,801 |
132,735 |
145,069 |
190,041 |
|
| Dairy products |
1,847,810 |
1,557,888 |
1,559,555 |
1,950,144 |
1,913,724 |
|
| Poultry and eggs |
94,382 |
86,673 |
104,230 |
112,236 |
91,325 |
|
| Miscellaneous livestock |
114,285 |
133,671 |
146,891 |
95,126 |
109,570 |
|
| Home consumption |
5,340 |
4,427 |
5,231 |
5,119 |
5,481 |
|
| Value of inventory adjustment |
8,760 |
65,895 |
(30,266) |
(7,472) |
-827 |
|
| Revenues from services and forestry |
324,454 |
370,559 |
440,319 |
439,194 |
444,122 |
|
| Machine hire and customwork |
22,155 |
33,024 |
95,816 |
52,601 |
46,714 |
|
| Forest products sold |
11,135 |
12,249 |
12,004 |
12,724 |
12,342 |
|
| Other farm income |
85,097 |
120,190 |
113,432 |
151,273 |
147,951 |
|
| Gross imputed rental value of farm dwellings |
206,067 |
205,096 |
219,067 |
222,596 |
237,115 |
|
| Value of agricultural sector production |
3,786,420 |
3,544,521 |
3,649,923 |
4,043,059 |
4,046,291 |
|
| less: |
Purchased inputs |
1,887,703 |
2,094,388 |
1,916,373 |
1,871,913 |
1,749,564 |
| Farm origin |
672,888 |
807,296 |
719,779 |
648,897 |
572,740 |
|
| Feed purchased |
511,457 |
612,116 |
533,922 |
477,988 |
405,169 |
|
| Livestock and poultry purchased |
31,047 |
27,275 |
10,536 |
9,676 |
17,296 |
|
| Seed purchased |
130,384 |
167,905 |
175,321 |
161,233 |
150,275 |
|
| Manufactured inputs |
415,012 |
441,465 |
395,390 |
442,963 |
469,440 |
|
| Fertilizers and lime |
117,760 |
93,886 |
103,329 |
109,943 |
124,472 |
|
| Pesticides |
92,678 |
98,141 |
90,902 |
97,065 |
90,902 |
|
| Petroleum fuel and oils |
119,751 |
111,805 |
119,989 |
148,068 |
168,609 |
|
| Electricity |
84,823 |
137,633 |
81,170 |
87,887 |
85,457 |
|
| Other purchased inputs |
799,803 |
845,627 |
801,204 |
780,053 |
707,384 |
|
| Repair and maintenance of capital items |
226,747 |
205,167 |
209,076 |
174,751 |
159,707 |
|
| Machine hire and customwork |
61,156 |
76,332 |
32,334 |
42,892 |
33,423 |
|
| Marketing, storage, & transportation expenses |
136,601 |
166,111 |
116,068 |
132,498 |
112,352 |
|
| Contract labor |
10,068 |
13,547 |
23,546 |
22,968 |
23,658 |
|
| Miscellaneous expenses |
365,231 |
384,470 |
420,180 |
406,944 |
378,244 |
|
| plus |
Net government transactions |
(68,451) |
765 |
(3,878) |
(91,704) |
(67,103) |
| Direct Government payments |
114,039 |
159,239 |
162,270 |
82,126 |
142,801 |
|
| Motor vehicle registration and licensing fees |
5,978 |
6,523 |
6,071 |
6,130 |
7,902 |
|
| Property taxes |
176,512 |
151,951 |
160,077 |
167,700 |
202,002 |
|
| Gross value added |
1,830,266 |
1,450,898 |
1,729,673 |
2,079,442 |
2,229,624 |
|
| less: |
Capital consumption |
397,141 |
403,062 |
411,560 |
436,973 |
451,932 |
| Net value added |
1,433,125 |
1,047,836 |
1,318,113 |
1,642,469 |
1,777,692 |
|
| less: |
Payments to stakeholders |
656,463 |
802,983 |
723,802 |
721,822 |
666,674 |
| Employee compensation (total hired labor) |
435,473 |
564,606 |
498,655 |
507,610 |
432,972 |
|
| Net rent received by nonoperator landlords |
30,569 |
49,078 |
45,738 |
29,805 |
20,230 |
|
| Real estate and nonreal estate interest |
190,421 |
189,299 |
179,409 |
184,407 |
213,472 |
|
| Net farm income |
776,662 |
244,853 |
594,311 |
920,647 |
1,111,018 |
|
SOURCE: Economic Research Service, U.S. Department of Agriculture.
CASH RECEIPTS
Cash receipts from New York farm marketings in 2006 totaled $3.48 billion, down from the 2005 total. Receipts from livestock and poultry products were $1.98 billion. Crop sales increased to $1.50 billion for 2006. Dairy product sales fell to $1.61 billion, nearly one-half of the total sales.
CASH RECEIPTS: Farm Marketings by Commodities, New York, 2002-2006
| Commodity |
2002 |
2003 |
2004 |
2005 |
2006 |
| 1,000 dollars |
|||||
| ALL COMMODITIES |
3,132,835 |
3,166,199 |
3,617,212 |
3,665,859 |
3,482,475 |
| LIVESTOCK AND PRODUCTS |
1,894,033 |
1,943,411 |
2,298,975 |
2,327,232 |
1,981,711 |
| MEAT ANIMALS |
115,801 |
132,735 |
145,069 |
190,032 |
171,522 |
| Cattle and calves |
107,510 |
120,703 |
127,331 |
173,378 |
157,204 |
| Hogs |
6,424 |
9,524 |
14,992 |
12,982 |
11,442 |
| Sheep and lambs |
1,867 |
2,508 |
2,746 |
3,672 |
2,876 |
| DAIRY PRODUCTS |
1,557,888 |
1,559,555 |
1,950,144 |
1,913,724 |
1,609,742 |
| POULTRY/EGGS |
86,673 |
104,230 |
113,636 |
113,210 |
92,366 |
| Broilers |
5,280 |
5,110 |
6,570 |
12,690 |
11,340 |
| Farm Chickens |
10 |
9 |
11 |
13 |
10 |
| Chicken eggs |
44,825 |
56,330 |
59,844 |
34,671 |
39,476 |
| Turkeys |
4,521 |
4,781 |
5,911 |
6,446 |
7,285 |
| Ducks |
15,300 |
19,200 |
20,900 |
21,390 |
12,980 |
| Other poultry |
16,737 |
18,800 |
20,400 |
38,000 |
21,275 |
| MISCELLANEOUS LIVESTOCK |
133,671 |
146,891 |
90,126 |
110,266 |
108,081 |
| Honey |
7,350 |
6,561 |
5,917 |
6,044 |
5,299 |
| Wool |
70 |
86 |
75 |
63 |
90 |
| Aquaculture |
567 |
797 |
478 |
507 |
540 |
| Trout |
567 |
797 |
478 |
507 |
540 |
| Other livestock |
125,684 |
139,447 |
83,656 |
103,652 |
102,152 |
| Mink pelts |
184 |
147 |
156 |
152 |
152 |
| All other livestock |
125,500 |
139,300 |
83,500 |
103,500 |
102,000 |
| CROPS |
1,238,802 |
1,222,788 |
1,318,237 |
1,338,627 |
1,500,764 |
| FOOD GRAINS |
23,091 |
19,923 |
17,988 |
15,367 |
20,234 |
| Rye |
358 |
306 |
449 |
399 |
383 |
| Wheat |
22,732 |
19,618 |
17,539 |
14,968 |
19,850 |
| FEED CROPS |
185,853 |
176,077 |
196,657 |
178,591 |
202,670 |
| Barley |
389 |
732 |
779 |
513 |
623 |
| Corn |
65,584 |
71,199 |
88,641 |
80,013 |
89,014 |
| Hay |
116,194 |
100,841 |
104,660 |
94,943 |
108,743 |
| Oats |
3,687 |
3,306 |
2,577 |
3,122 |
4,290 |
| OIL CROPS |
23,603 |
35,427 |
41,181 |
42,518 |
47,207 |
| Soybeans |
23,524 |
35,294 |
41,008 |
42,450 |
47,207 |
| Sunflower |
79 |
133 |
172 |
68 |
NA |
| Misc. oil crops |
NA |
NA |
NA |
NA |
NA |
| Canola |
NA |
NA |
NA |
NA |
NA |
| VEGETABLES |
472,306 |
443,360 |
462,056 |
469,144 |
552,990 |
| Beans, dry |
5,703 |
8,945 |
8,821 |
6,395 |
5,999 |
| Potatoes |
53,554 |
59,643 |
49,477 |
52,352 |
67,565 |
| Beans, snap |
48,940 |
40,433 |
26,956 |
35,842 |
63,198 |
| Fresh |
37,811 |
26,656 |
14,003 |
23,040 |
48,134 |
| Processing |
11,129 |
13,777 |
12,953 |
12,802 |
15,064 |
| Beets |
NA |
NA |
NA |
NA |
NA |
| Cabbage |
56,965 |
38,351 |
42,317 |
66,637 |
64,064 |
| Fresh |
56,965 |
38,351 |
42,317 |
66,637 |
64,064 |
| Processing |
NA |
NA |
NA |
NA |
NA |
CASH RECEIPTS: Farm Marketings by Commodities, New York, 2002-2006 (Continued)
| Commodity |
2002 |
2003 |
2004 |
2005 |
2006 |
| 1,000 dollars |
|||||
|
Cauliflower |
3,969 |
2,072 |
920 |
3,349 |
2,814 |
|
Corn, sweet |
84,550 |
92,859 |
68,483 |
69,884 |
84,484 |
|
Fresh |
78,344 |
84,336 |
59,920 |
60,545 |
75,576 |
|
Processing |
6,206 |
8,523 |
8,563 |
9,339 |
8,908 |
|
Cucumbers |
22,522 |
12,461 |
24,122 |
15,282 |
26,372 |
|
Fresh |
22,522 |
12,461 |
24,122 |
15,282 |
26,372 |
|
Processing |
NA |
NA |
NA |
NA |
NA |
|
Eggplant, all |
NA |
NA |
NA |
NA |
NA |
|
Escarole |
NA |
NA |
NA |
NA |
NA |
|
Onions |
31,672 |
40,872 |
48,356 |
51,458 |
46,166 |
|
Peas, green |
8,132 |
9,817 |
11,747 |
11,414 |
13,361 |
|
Peppers, green, fresh |
NA |
NA |
NA |
NA |
NA |
|
Spinach |
NA |
NA |
NA |
NA |
NA |
|
Fresh |
NA |
NA |
NA |
NA |
NA |
|
Processing |
NA |
NA |
NA |
NA |
NA |
|
Tomatoes |
24,003 |
25,953 |
22,860 |
21,456 |
30,760 |
|
Fresh |
24,003 |
25,953 |
22,860 |
21,456 |
30,760 |
|
Squash |
18,819 |
23,511 |
37,909 |
29,134 |
28,274 |
|
Pumpkins |
23,776 |
9,943 |
25,389 |
21,942 |
18,833 |
|
Misc. vegetables |
89,700 |
78,500 |
94,700 |
84,000 |
101,100 |
|
FRUITS |
184,631 |
185,790 |
235,883 |
242,028 |
265,394 |
|
Apples |
111,089 |
121,198 |
171,411 |
182,912 |
196,603 |
|
Fresh |
79,441 |
89,922 |
130,755 |
142,284 |
157,963 |
|
Processing |
31,648 |
31,276 |
40,656 |
40,628 |
38,640 |
|
Cherries |
7,025 |
3,308 |
5,626 |
4,510 |
5,209 |
|
Sweet |
605 |
1,046 |
1,245 |
1,267 |
1,973 |
|
Tart |
6,420 |
2,262 |
4,381 |
3,243 |
3,236 |
|
Grapes |
46,950 |
38,253 |
32,124 |
34,290 |
36,972 |
|
Peaches |
2,375 |
4,218 |
4,232 |
2,828 |
4,489 |
|
Pears |
3,682 |
5,513 |
5,370 |
4,088 |
6,685 |
|
Strawberries |
8,820 |
7,750 |
10,400 |
8,060 |
7,480 |
|
Blueberries |
2,550 |
2,578 |
2,315 |
1,963 |
2,796 |
|
Other berries |
700 |
572 |
1,885 |
1,337 |
1,920 |
|
Misc. fruits and nuts |
1,440 |
2,400 |
2,520 |
2,040 |
3,240 |
|
ALL OTHER CROPS |
349,318 |
362,211 |
364,472 |
390,979 |
412,268 |
|
Maple products |
6,838 |
5,628 |
7,191 |
7,037 |
7,037 |
|
Other seeds |
387 |
503 |
402 |
362 |
400 |
|
Other field crops |
629 |
820 |
723 |
1,071 |
1,360 |
|
Greenhouse/nursery |
340,644 |
354,519 |
355,422 |
381,775 |
402,875 |
|
Floriculture |
186,944 |
194,944 |
183,022 |
200,475 |
200,475 |
|
Nursery |
NA |
53,235 |
NA |
NA |
NA |
|
Christmas trees |
18,700 |
19,600 |
20,400 |
21,300 |
22,400 |
|
Other greenhouse |
135,000 |
86,740 |
152,000 |
160,000 |
180,000 |
|
Mushrooms |
820 |
741 |
734 |
734 |
596 |
|
Other forest products |
12,249 |
12,004 |
12,724 |
12,342 |
11,130 |
|
NA - not available. |
|||||