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INCOME
and
EXPENSES
Receipts for field crops in 1995 totaled $59.8 million compared with $58.7 million in 1994, an increase of 2 percent. Increases in receipts for corn, wheat, hay, potatoes, sweet potatoes and other field crops offset decreased receipts for soybeans. The increase in corn receipts was the result of higher prices in 1995.
Income from vegetables totaled $168.9 million in 1995 compared with the 1994 value of $188.8 million an 11 percent decrease. Large decreases in receipts for eggplant and head lettuce were the result of a combination of both lower yields and prices. Increased prices were not enough to offset the lower yields of cabbage and bell peppers. Increased prices lead to higher receipts for asparagus, snap beans and spinach. Receipts for processed vegetables were higher in 1995. Cash receipts for miscellaneous vegetables increased 25 percent to $55.7 million from $44.4 million in 1994.
Cash receipts from all fruits and berries totaled $86.5 million in 1995, up 2 percent from 1994 returns of $84.8 million. Receipts for 1995 peaches were $26.2 million up from $22.7 million in 1994.
Blueberry receipts were up $3.3 million to $26.5 million due to higher prices. Cranberry receipts in 1995 decreased $5.3 million from 1994 to $20.7 million. Production was a record crop in 1994. Income from apples increased to $10.9 million from $10.8 million in 1994. Strawberry receipts remained unchanged while cash receipts for other fruits and berries increased slightly.
Cash receipts from livestock and poultry and their products totaled $200.5 million, an 11 percent increase from $180.7 million in 1994. Receipts from the equine industry, excluding purse and stake payments, totaled $115.0 million. Dairy products were the second largest livestock category with 1995 cash receipts of $42.0 million, down 6 percent from $44.9 million in 1994. Cash receipts from all poultry and eggs was $31.1 million, up 4 percent from 1994 while cash receipts from cattle and calves decreased 18 percent from 1994 to $9.1 million in 1995.
Total production expenditures in 1995 were $676.3 million compared with $644.3 million in 1994. This increase of 5 percent was primarily attributable to an increase in feed, seed, fertilizer, pesticides, labor and fuel and oil expenses. By component, the increases between 1994 and 1995 were: feed - $2.2 million; seed - $6.0 million; fertilizer and lime - $3.1 million; pesticides - $3.4 million; fuel and oil - $14.0 million; hired labor - $11.0 million; interest - $0.7 million and depreciation and capital consumption - $1.0 million. Decreases in operating expenses between 1994 and 1995 occurred for: livestock and poultry down $0.7 million; repairs and maintenance down $4.0 million; taxes on farm property down $0.3 million; net rent to non-farm landlords down $0.3 million and miscellaneous expenses down $4.1 million.
On the income side, cash receipts in 1995, at $772.7 million were up slightly from the 1994 total of $770.0 million. Government payments decreased from $7.6 million to $5.5 million in 1995. Non-money income increased from $82.4 million in 1994 to $86.6 million in 1995. Other farm income in 1995 was $64.7 million, up from $38.5 million in 1994. Total gross farm income in 1995 was $926.6 million which was up 2 percent from $904.1 million in 1994. Total net farm income in 1995 was $250.3 million which was down 4 percent from $259.8 million in 1994.
The average per acre value of farmland and buildings for 1996 was $8,172, up $120 from the 1995 value of $8,052 per acre. This is the highest average value per acre in the nation.
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