Wyoming Ag Output Tops One Billion Dollars in 2000

Net Farm Income Drops 34 Percent

The value of agricultural output in Wyoming in 2000 was estimated at $1.05 billion by the U.S. Department of Agriculture, according to Dick Coulter with the Wyoming Agricultural Statistics Service. The total value was up 1 percent ($12.8 million) from 1999 as an overall increase of 12 percent in livestock income was nearly offset by a 25 percent drop in crop income and a 14 percent drop in other farm-related income.

The rise in livestock income to a total of $774.1 million came from higher prices for cattle, sheep, and hogs in 2000 compared with 1999. Crop income fell to a total of $136.9 million due to smaller production of crops resulting from very dry conditions last year in most of Wyoming.

Net farm income in 2000 totaled $114.2 million, a drop of 34 percent from $173.7 million the year before but still above 1998's total of $62.9 million. Total outlays for production items rose 10 percent to $637.6 million in 2000. The increase in production expenses was led by higher costs for livestock purchases (up $23.4 million) and for fuel and oil (up $14.8 million). Capital consumption was up 3 percent to $106.8 million, and hired labor, interest, and net rent also rose a combined 3 percent to $193.6 million.

United States: Nationally, total agricultural output was valued at $218.6 billion, up 2 percent from 1999. Income from livestock totaled $99.3 billion, up 4 percent while crops contributed $95.3 billion, up 2 percent from 1999. Other farm-related income totaled $24.0 billion, down 5 percent.

Net farm income in the U.S. in 2000 totaled $46.4 billion, up 5 percent from $44.3 billion in 1999. Production expenses rose by 2 percent to $122.4 billion. Capital consumption was up 2 percent to $20.6 billion while hired labor, interest, and net rent to landlords rose a combined 2 percent to $44.7 billion.