Farm Business Economics Report, 1996

David Peacock

Farm Business Economic Report No. (ECI1997) 256 pp, April 1999

For farmers, particularly crops farmers, 1996 was a very good year, as reflected in farm sector income accounts. Farm sector income accounts for 1996 show that net value added by the agricultural production sector increased 25 percent ($19 billion) from net value added in 1995. Final agricultural sector output, the value of the sector’s output of commodities and services before expenses, rose $22.5 billion in 1996, powered by a $16.9-billion jump in the value of crop production. Higher output, generally favorable prices, and a modest 3-percent rise in intermediate consumption outlays boosted net value added. The value of final crop output rose because yields were high under favorable production conditions and prices were exceptionally favorable in the first half of the year and remained strong right through harvest. Final livestock output also contributed, with a gain in production value of over $4 billion between 1995 and 1996. These are some of the highlights of this report, which provides data and commentary on the income and finances of the farm sector at the national and State level, and estimates of production costs for major field crops, livestock, and dairy.

Keywords: net value added, net farm income, net cash income, production expenses, cash receipts, government payments, farm assets, farm debt, equity, costs of production, enterprise costs and returns

In this report ...

Chapters are in Adobe Acrobat PDF format.

• Front matter (title page, preface, contents, list of figures, list of tables), 160 Kb
• Summary, 28 Kb
• Chapter 1: National Farm Income Estimates, 1996, 165 Kb
• Chapter 2: State Farm Income Estimates, 1996, 272 Kb
• Chapter 3: Farm Sector Balance Sheet, 1996, 174 Kb
• Chapter 4: Farm Sector Financial Performance Measures, 1996, 110 Kb
• Chapter 5: Farm Income Estimates by Size Class, 1996, 223 Kb
• Chapter 6: Government Payments, 1996, 62 Kb
• Chapter 7: Farm Sector Debt, 1996, 88 Kb
• Chapter 8: Costs of Production for Crops, Livestock, and Milk, 1996, 39 Kb
  • Corn, 67 Kb
  • Soybeans, 69 Kb
  • Wheat, 80 Kb
  • Cotton, 64 Kb
  • Rice, 48 Kb
  • Grain Sorghum, 66 Kb
  • Barley, 67 Kb
  • Oats, 63 Kb
  • Sugar Beets, 81 Kb
  • Sugarcane, 73 Kb
  • Peanuts, 76 Kb
  • Tobacco, 69 Kb
  • Milk, 68 Kb
  • Hogs, 80 Kb
  • Cow-Calf, 69 Kb
  • Appendix I: Cash Receipts for Commodities by State, 219 Kb
  • Appendix II: Major Data Sources for the Value-Added/Farm Income and Balance Sheet Accounts, 65 Kb

• Entire Report, 2,577 Kb

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Updated date: April 1, 1999