|
|
||||||
| Commodity | Value | Percentage of All Commodities 2/ | ||||
| 1995 3/ | 1996 4/ | 1997 | 1995 | 1996 | 1997 | |
|
|
|
|||||
| CROPS: | 846,268 | 902,118 | 865,568 | 37.7 | 37.9 | 36.0 |
| Field Crops: | 558,023 | 644,165 | 580,938 | 24.9 | 27.1 | 24.2 |
| Tobacco | 174,906 | 187,793 | 190,781 | 7.8 | 7.9 | 7.9 |
| Soybeans | 79,750 | 94,451 | 99,150 | 3.6 | 4.0 | 4.1 |
| Corn, Grain | 68,536 | 100,358 | 69,450 | 3.1 | 4.2 | 2.9 |
| Wheat | 65,281 | 71,398 | 53,562 | 2.9 | 3.0 | 2.2 |
| Cotton, Lint & Seed | 42,072 | 53,689 | 50,439 | 1.9 | 2.3 | 2.1 |
| Peanuts | 62,078 | 62,489 | 48,497 | 2.8 | 2.6 | 2.0 |
| Hay | 30,816 | 42,220 | 41,106 | 1.4 | 1.8 | 1.7 |
| Potatoes | 21,362 | 14,823 | 15,247 | 1.0 | 0.6 | 0.6 |
| Barley | 10,525 | 14,097 | 9,664 | 0.5 | 0.6 | 0.4 |
| Sweet Potatoes | 895 | 778 | 1,010 | * | * | * |
| Rye | 235 | 439 | 343 | * | * | * |
| Other Field Crops 5/ | 1,567 | 1,630 | 1,689 | 0.1 | 0.1 | 0.1 |
| Vegetables | 87,862 | 54,710 | 77,691 | 3.9 | 2.3 | 3.2 |
| Tomatoes, Fresh | 43,586 | 24,898 | 44,075 | 1.9 | 1.0 | 1.8 |
| Cucumbers, Fresh | 9,480 | 7,800 | 8,050 | 0.4 | 0.3 | 0.3 |
| Peppers(Bell), Fresh | 6,595 | 1,764 | 4,060 | 0.3 | 0.1 | 0.2 |
| Cabbage, Fresh | 4,250 | 3,393 | 3,488 | 0.2 | 0.1 | 0.1 |
| Snapbeans, Fresh | 5,789 | 4,182 | 3,349 | 0.3 | 0.2 | 0.1 |
| Sweet Corn, Fresh | 1,328 | 1,411 | 1,050 | 0.1 | 0.1 | * |
| Spinach, Fresh | 579 | * | * | * | * | * |
| Other Vegetables 6/ | 16,255 | 11,262 | 13,619 | 0.7 | 0.5 | 0.6 |
| Fruits | 53,045 | 47,954 | 43,014 | 2.4 | 2.0 | 1.8 |
| Apples | 34,445 | 32,386 | 29,224 | 1.5 | 1.4 | 1.2 |
| Peaches | 5,750 | 4,420 | 2,240 | 0.3 | 0.2 | 0.1 |
| Other fruit 7/ | 12,850 | 11,148 | 11,550 | 0.6 | 0.5 | 0.5 |
| Greenhouse, Nursey & Christmas trees | 147,338 | 155,289 | 163,925 | 6.6 | 6.5 | 6.8 |
| Floriculture | 52,287 | 61,014 | 56,648 | 2.3 | 2.6 | 2.4 |
| Nursey & Christmas Trees | 95,051 | 94,275 | 107,277 | 4.2 | 4.0 | 4.5 |
| LIVESTOCK AND PRODUCTS: | 1,396,324 | 1,476,829 | 1,537,665 | 62.3 | 62.1 | 64.0 |
| Broilers | 400,828 | 466,388 | 445,008 | 17.9 | 19.6 | 18.5 |
| Cattle & Calves | 252,371 | 211,294 | 344,844 | 11.3 | 8.9 | 14.3 |
| Milk, Wholesale | 266,340 | 289,980 | 258,160 | 11.9 | 12.2 | 10.7 |
| Turkeys | 198,810 | 208,550 | 189,150 | 8.9 | 8.8 | 7.9 |
| Hogs | 63,341 | 80,292 | 78,630 | 2.8 | 3.4 | 3.3 |
| Eggs | 68,318 | 70,522 | 64,722 | 3.0 | 3.0 | 2.7 |
| Sheep & Lambs | 5,357 | 5,177 | 4,757 | 0.2 | 0.2 | 0.2 |
| Chickens, Farm | 1,669 | 1,716 | 1,624 | 0.1 | 0.1 | 0.1 |
| Wool | 315 | 166 | 185 | * | * | * |
| Other Livestock 8/ | 138,975 | 142,744 | 150,585 | 6.2 | 6.0 | 6.3 |
| ALL COMMODITY GROUPS: | 2,242,592 | 2,378,947 | 2,403,233 | 100.0 | 100.0 | 100.0 |
| Poultry & Eggs | 695,148 | 773,714 | 730,034 | 31.0 | 32.5 | 30.4 |
| Field Crops | 558,023 | 644,165 | 580,938 | 24.9 | 27.1 | 24.2 |
| Meat Animals | 321,069 | 296,763 | 428,231 | 14.3 | 12.5 | 17.8 |
| Milk | 266,340 | 289,980 | 258,160 | 11.9 | 12.2 | 10.7 |
| Greenhouse & Nursey | 147,338 | 155,289 | 163,925 | 6.6 | 6.5 | 6.8 |
| Misc. Livestock 9/ | 113,767 | 116,372 | 121,240 | 5.1 | 4.9 | 5.0 |
| Vegetables | 87,862 | 54,710 | 77,691 | 3.9 | 2.3 | 3.2 |
| Fruit & Nuts | 53,045 | 47,954 | 43,014 | 2.4 | 2.0 | 1.8 |
| GROSS INCOME: | ||||||
| CASH RECEIPTS FROM MARKETINGS | 2,242,592 | 2,378,947 | 2,403,233 | 98.9 | 98.7 | 98.7 |
| GOVERNMENT PAYMENTS | 25,966 | 30,529 | 30,590 | 1.1 | 1.3 | 1.3 |
| GROSS CASH RECEIPTS 10/ | 2,268,558 | 2,409,476 | 2,433,823 | 100.0 | 100.0 | 100.0 |
| * Less than 0.05 percent. 1/ Ranked in descending order based on year 1997. 2/ Percent of cash receipts from marketings. 3/ Revised. 4/ Preliminary. 5/ Mushrooms, grain sorghum, canola, sunflower, seed crops, and other field crops. 6/ Includes fresh and/or processed snapbeans, broccoli, cucumbers, cabbage, eggplant, escarole, lettuce, onions, green peas, spinach, cantaloupes, watermelons, and other miscellaneous vegetables. 7/ Cherries, grapes, pears, plums, raspberries, other berries, and other miscellaneous fruit. 8/ Turkey eggs, ducks, other poultry, horses, mules, honey, beeswax, aquaculture, mink pelts, and all other livestock. 9/ Beeswax, honey, wool, horses, mules, aquaculture, and other livestock. 10/ Excludes custom work, machine hire, and other farm business related income. | ||||||
|
|
|||||||||
| Item | 1970 | 1975 | 1980 | 1985 | 1990* | 1994* | 1995* | 1996** | 1997 |
| -Million Dollars- | |||||||||
| Current Farm Operating Expenses: | |||||||||
| Feed Purchased | 96.2 | 154.7 | 370.2 | 300.6 | 285.7 | 355.4 | 371.6 | 462.7 | 473.0 |
| Livestock and Poultry Purchased | 13.1 | 20.7 | 41.6 | 58.5 | 67.9 | 86.4 | 85.2 | 84.3 | 88.6 |
| Seed Purchased 2/ | 12.2 | 22.7 | 35.6 | 32.4 | 44.3 | 43.4 | 51.3 | 53.4 | 56.2 |
| Fertilizer and Lime | 45.1 | 118.4 | 134.4 | 116.4 | 100.7 | 93.9 | 108.3 | 115.1 | 108.4 |
| Pesticides | 11.6 | 22.2 | 43.1 | 49.6 | 55.2 | 63.2 | 68.6 | 76.0 | 77.7 |
| Fuel and Oil | 24.3 | 42.9 | 101.1 | 79.7 | 69.7 | 69.0 | 74.6 | 74.7 | 77.5 |
| Electricity | 4.6 | 9.2 | 16.6 | 19.6 | 26.2 | 23.3 | 29.2 | 31.1 | 35.8 |
| Repairs and Maintenance 3/ | 46.9 | 69.2 | 131.0 | 100.3 | 125.5 | 123.5 | 126.7 | 124.6 | 134.4 |
| Contract and Hired Labor 4/ | 66.3 | 85.3 | 140.6 | 135.4 | 181.9 | 190.4 | 194.0 | 205.0 | 205.2 |
| Other Miscellaneous 5/ | 42.4 | 66.5 | 122.2 | 179.7 | 240.5 | 292.4 | 324.7 | 339.6 | 343.5 |
| TOTAL CURRENT EXPENSES | 362.7 | 611.8 | 1,136.4 | 1,072.2 | 1,197.5 | 1,341.0 | 1,434.1 |
1,566.5 |
1,600.3 |
|
Depreciation and Other Capital Consumption 6/ |
105.0 |
183.5 |
341.6 |
366.6 |
354.3 |
345.4 |
353.5 |
357.3 |
363.6 |
| Taxes on Farm Property | 24.2 | 34.9 | 53.7 | 52.6 | 66.4 | 67.7 | 78.4 | 79.1 | 81.5 |
| Interest on Real Estate and Non-real Estate Debt |
37.1 |
75.5 |
171.4 |
206.5 |
187.4 |
161.0 |
153.2 |
152.6 |
151.2 |
| Net Rent: Non-Operator Landlords 7/ | 13.7 | 19.8 | 26.4 | 36.4 | 44.0 | 43.7 | 55.4 | 57.7 | 56.3 |
| TOTAL PRODUCTION EXPENSES | 542.6 | 925.4 | 1,729.6 | 1,734.2 | 1,849.7 | 1,958.8 | 2,074.7 | 2,213.2 | 2,252.9 |
| 1/ Details may not add to totals due to rounding. 2/ Includes bulbs, plants, and trees. 3/ Repairs and maintenance of buildings and repairs and operation of motor vehicles and other machinery used in the farm business. 4/ Includes cash wages, prerequisites, and (1951 to date) Social Security taxes paid by employers. 5/ Includes machine hire and custom work, ginning, telephone (business share), livestock marketing charges (excluding feed and transportation), containers, milk hauling, irrigation, grazing, binding materials, horses and mules, harness and saddlery, blacksmithing and hardware, veterinary services and medicines, net insurance premiums (crop, fire, wind, and hail), and miscellaneous supplies for dairy, nursery, greenhouse, apiary, and motor vehicle license and registration fees. 6/ Includes depreciation and accidental damage to farm buildings and depreciation of motor vehicles and other farm machinery and equipment. 7/ Uses different data sources for 1975 and earlier years. Use caution when comparing among these dates. * Revised. ** Preliminary. SOURCE: Farm Business Economic Report. | |||||||||
|
|
||||||||||||||
| Year | Gross Farm Income (Excluding Inventory) |
Aver- age per Farm |
Farm Produc- tion Expenses |
Net Farm Income 4 / |
Net Average per Farm |
Change
in Farm Inven- tory |
Adj. Net Farm In- come 4/ |
Adj. Net Aver- age per Farm |
||||||
|
Cash Receipts from Farm Market- ings |
Gov't Pay- ments 2/ |
|
Other Farm Income |
Total | ||||||||||
|
Value of Home Con- sumption |
Rental Value 3/ of Farm Dwellings |
Total Non- Money Income |
||||||||||||
|
-Million Dollars- |
||||||||||||||
| 1965 | 501.6 | 16.1 | 34.1 | 33.5 | 67.6 | 5.7 | 591.0 | 6,953 | 450.5 | 140.5 | 1,653 | 11.2 | 151.7 | 1,785 |
| 1970 | 593.2 | 20.0 | 24.8 | 41.0 | 65.8 | 6.9 | 685.9 | 9,025 | 542.6 | 143.3 | 1,886 | 0.9 | 144.2 | 1,897 |
| 1975 | 983.1 | 5.8 | 28.9 | 74.6 | 103.5 | 15.9 | 1,108.3 | 17,876 | 925.4 | 182.9 | 2,950 | 1.4 | 184.3 | 2,973 |
| 1980 | 1,418.3 | 13.3 | 25.9 | 144.1 | 170.0 | 59.9 | 1,661.5 | 28,647 | 1,729.6 | -68.1 | -1,174 | -15.0 | -83.1 | -1,433 |
| 1985 | 1,659.9 | 23.9 | 17.4 | 111.7 | 129.1 | 62.2 | 1,875.1 | 34,724 | 1,734.2 | 140.9 | 2,609 | - 5.7 | 135.2 | 2,504 |
| 1990* | 2,138.1 | 32.4 | 19.0 | 202.9 | 221.9 | 91.7 | 2,484.1 | 54,002 | 1,849.7 | 634.4 | 13,791 | - 5.2 | 629.2 | 13,678 |
| 1994* | 2,194.2 | 34.2 | 11.7 | 198.7 | 210.4 | 101.1 | 2,539.9 | 55,215 | 1,958.8 | 581.1 | 12,633 | 67.1 | 648.2 | 14,091 |
| 1995* | 2,242.6 | 26.0 | 11.7 | 203.7 | 215.4 | 111.4 | 2,595.4 | 55,221 | 2,074.7 | 520.7 | 11,079 | 12.9 | 533.6 | 11,353 |
| 1996* | 2,378.9 | 30.5 | 10.1 | 217.4 | 227.5 | 130.4 | 2,767.3 | 57,652 | 2,213.2 | 554.1 | 11,544 | 20.7 | 574.8 | 11,975 |
| 1997** | 2,403.2 | 30.6 | 12.6 | 224.0 | 236.6 | 120.3 | 2,790.7 | 59,377 | 2,252.9 | 537.8 | 11,443 | -98.5 | 439.3 | 9,347 |
| 1/ Details may not add to totals due to rounding. 2/ Includes value for payment-in-kind (PIK) crops transferred to program participants. 3/ New methodology and date sources are used to compute the gross rental value of farm dwellings for 1985 forward. Prior years (1960-80) were adjusted to be comparable with new methodology. 4/ Of farm operators. *Revised. **Preliminary. SOURCE: Farm Business Economic Report. | ||||||||||||||
Virginia Agricultural Statistics Service . (800) 772-0670