E-mail: nass-ny@nass.usda.gov (518) 457-5570 CASH RECEIPTS AND FARM INCOME Released: August 27, 2009 No. 971-1-09 NET FARM INCOME INCREASED 5 PERCENT Net farm income in New York increased 5 percent in 2008 to $1.15 billion. Livestock output value decreased slightly to $2.61 billion while crop output value increased to $2.05 billion. Purchased inputs increased to $2.43 billion and direct government payments increased 10 percent. Increases in purchased inputs for feed, seed, fertilizer and lime, petroleum and oils , and miscellaneous expenses more than offset decreases in costs for livestock and poultry purchases, pesticides, electricity, repair and maintenance, machinery hire and custom work, marketing, storage and transportation expenses, and contract labor. Of other agricultural costs, property taxes were up 29 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. [Image] VALUE ADDED TO NEW YORK ECONOMY BY AGRICULTURE, 2004-2008 Item 2004 2005 2006 2007 20085 1,000 dollars Value of crop production 1,284,5231,263,4561,497,2291,691,255 2,050,194 Food grains 17,988 15,367 22,286 27,017 52,028 Feed crops 196,622 178,626 212,799 286,644 430,219 Oil crops 41,181 42,518 55,575 83,022 99,867 Fruits and tree nuts 236,578 250,063 274,914 352,152 388,128 Vegetables 419,772 423,005 468,417 524,327 649,261 All other crops 373,946 402,426 430,885 419,417 392,286 Home consumption 3,020 2,548 2,904 2,126 2,556 Value of inventory adjustment -4,584 -51,097 29,449 -3,450 35,849 Value of livestock production 2,255,0072,250,0621,964,5972,725,291 2,611,818 Meat animals 144,994 189,952 163,501 119,177 157,109 Dairy products 1,950,1441,913,7241,609,7422,377,987 2,306,400 Poultry and eggs 108,399 94,749 98,024 124,571 146,549 Miscellaneous livestock 53,795 60,483 61,615 75,844 72,662 Home consumption 5,147 4,866 4,926 4,858 5,841 Value of inventory adjustment -7,472 -13,712 26,789 22,854 -76,743 Revenues from services and forestry 432,933 394,105 402,735 431,262 454,518 Machine hire and custom work 51,577 45,350 33,451 34,470 30,038 Forest products sold 22,200 22,200 23,300 23,000 20,900 Other farm income 145,060 101,360 95,127 140,763 162,221 Gross imputed rental value of farm dwellings 214,096 225,195 250,857 233,029 241,359 Value of agricultural sector production 3,972,4633,907,6233,864,5604,847,807 5,116,529 less: Purchased inputs 1,835,3931,712,9851,842,6202,246,189 2,432,154 Farm origin 639,052 553,276 596,661 715,109 836,982 Feed purchased 471,103 392,415 426,135 502,403 616,309 Livestock and poultry purchased 9,678 17,771 22,757 27,515 19,054 Seed purchased 158,271 143,090 147,769 185,191 201,619 Manufactured inputs 442,144 475,020 521,033 612,460 667,293 Fertilizers and lime 110,774 127,120 140,261 149,313 196,892 Pesticides 95,301 90,584 93,545 111,817 105,690 Petroleum fuel and oils 150,958 172,369 197,828 241,822 257,326 Electricity 85,111 84,947 89,399 109,508 107,385 Other purchased inputs 754,197 684,689 724,926 918,620 927,879 Repair and maintenance of capital items 171,335 154,428 184,873 193,337 188,275 Machine hire and custom work 41,292 33,212 38,535 35,842 35,507 Marketing, storage, & transportation expenses 128,338 110,144 105,410 146,077 127,958 Contract labor 23,678 23,169 21,003 26,596 18,585 Miscellaneous expenses 389,554 363,736 375,105 516,768 557,554 plus Net government transactions -86,501 -55,586 -87,848 -164,792 -218,106 Direct Government payments 82,076 143,240 127,875 62,891 69,106 Motor vehicle registration and licensing fees 6,100 8,077 6,646 9,776 6,419 Property taxes 162,477 190,749 209,077 217,907 280,793 Gross value added 2,050,5692,139,0521,934,0932,436,826 2,466,269 less: Capital consumption 432,822 458,612 473,943 483,622 515,030 Net value added 1,617,7471,680,4401,460,1501,953,204 1,951,239 less: Payments to stakeholders 705,843 639,348 736,220 861,785 805,077 Employee compensation (total hired labor) 515,665 442,486 517,913 621,452 595,049 Net rent received by nonoperator landlords 40,502 18,954 16,650 27,609 6,704 Real estate and nonreal estate interest 149,676 177,908 201,657 212,724 203,324 Net farm income 911,9041,041,092 723,9301,091,419 1,146,162 SOURCE: Economic Research Service, U.S. Department of Agriculture. 2 CASH RECEIPTS Cash receipts from New York farm marketings in 2008 totaled $4.69 billion, up 7 percent from the 2007 total. Receipts from livestock and poultry products were $2.68 billion. Crop sales increased to $2.01 billion for 2008. Dairy product sales fell to $2.31 billion, nearly one-half of the total sales. CASH RECEIPTS: Farm Marketings by Commodities, New York, 2004-2008 Commodity 2004 2005 2006 2007 2008 1,000 dollars ALL COMMODITIES 3,543,419 3,570,913 3,397,758 4,390,158 4,694,509 P LIVESTOCK AND PRODUCTS 2,257,332 2,258,908 1,932,882 2,697,579 2,682,720 MEAT ANIMALS 144,994 189,952 163,501 119,177 157,109 Cattle and calves 127,331 173,378 149,254 104,834 144,664 Hogs 14,992 12,982 11,442 11,290 9,462 Sheep and lambs 2,671 3,592 2,805 3,053 2,983 õ DAIRY PRODUCTS 1,950,144 1,913,724 1,609,742 2,377,987 2,306,400 È POULTRY/EGGS 108,399 94,749 98,024 124,571 146,549 Broilers 6,570 NA NA NA NA Farm chickens 8,397 9,039 7,616 7,103 7,715 Chicken eggs 59,844 34,671 39,246 73,945 96,871 Turkeys 5,830 6,305 7,731 8,108 NA Ducks 16,014 18,871 19,518 19,847 16,903 Other poultry 11,744 13,173 12,573 14,064 12,174 û MISCELLANEOUS LIVESTOCK 53,795 60,483 61,615 75,844 72,662 Honey 5,917 6,044 4,992 4,169 5,250 Wool 75 63 90 64 78 Aquaculture 478 507 NA NA NA Trout 478 507 540 430 841 Other livestock 47,169 53,717 55,829 56,794 52,259 1 CROPS 1,286,087 1,312,005 1,464,876 1,692,579 2,011,789 FOOD GRAINS 17,988 15,367 22,286 27,017 52,028 Wheat 17,539 14,968 21,902 26,708 51,624 FEED CROPS 196,622 178,626 212,799 286,644 430,219 Barley 744 548 624 858 1,213 Corn 88,641 80,013 99,947 191,024 320,075 Hay 104,660 94,943 106,232 90,124 100,900 Oats 2,577 3,122 5,996 4,637 8,014 OIL CROPS 41,181 42,518 55,575 83,022 99,867 Soybeans 41,008 42,450 55,575 83,022 99.867 v VEGETABLES 419,772 423,005 468,417 524,327 649,261 Beans, dry 9,799 7,433 6,299 9,046 15,913 Potatoes 37,791 49,232 58,808 64,150 92,244 Beans, snap 26,072 33,538 53,358 NA 62,075 Fresh 13,119 20,736 38,294 39,243 40,536 Processing 12,953 12,802 15,064 NA 21,539 Cabbage 37,952 59,132 57,823 84,818 101,722 Fresh 37,952 59,132 57,823 84,818 101,722 Processing NA NA NA NA NA Cauliflower 589 1,739 1,764 1,296 1,782 Corn, sweet 57,997 59,149 70,666 NA NA Fresh 49,434 49,810 61,758 59,400 73,865 Processing 8,563 9,339 8,908 NA NA ‡ 3 CASH RECEIPTS: Farm Marketings by Commodities, New York, 2004-2008 (Continued) Commodity 2004 2005 2006 2007 2008 1,000 dollars Cucumbers, fresh 22,025 12,226 21,757 19,688 16,146 Onions, storage 51,492 52,027 40,426 48,648 43,283 Peas, green, processing 11,747 11,414 13,361 NA NA Tomatoes, fresh 22,860 21,456 30,760 32,486 43,092 Squash 36,059 23,717 23,562 23,146 32,528 Pumpkins 25,389 21,942 18,833 22,694 38,444 Misc. vegetables 105,389 91,942 89,833 103,094 126,444 FRUITS 236,578 250,063 274,914 352,152 388,128 Apples 171,411 183,374 199,520 258,742 288,284 Fresh 130,755 142,284 158,444 209,498 218,072 Processing 40,656 41,090 41,076 49,244 70,212 Cherries 5,626 4,315 4,698 7,389 7,120 Sweet 1,245 1,267 1,973 3,518 3,241 Tart 4,381 3,048 2,725 3,871 3,879 Grapes 32,124 38,535 39,946 53,843 58,354 Peaches 4,232 2,828 4,489 3,995 4,796 Pears, Bartlett 5,370 4,088 6,685 5,120 4,742 Strawberries, Spring 10,400 8,060 7,480 7,590 7,425 Blueberries 2,315 1,963 2,796 3,373 4,107 Other berries 4,000 6,000 8,000 10,300 11,450 Misc. fruits and nuts 1,100 900 1,300 1,800 1,850 ALL OTHER CROPS 373,946 402,426 430,885 419,417 392,286 Maple products 7,191 7,037 8,020 7,638 13,907 Other seeds 650 760 800 750 780 Other field crops 23,274 26,219 27,270 33,174 41,344 Greenhouse/nursery 341,982 367,676 394,157 377,176 335,588 Floriculture 183,022 200,676 203,465 209,056 202,062 Nursery NA NA 63,343 NA NA Christmas trees 6,960 7,000 8,160 8,120 8,526 Other greenhouse 152,000 160,000 119,189 160,000 125,000 NA - not available