Economic Indicators of the Farm Sector: State Financial Summary, 1993

Economic Research Service Rural Economy Division

No 359094, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: California had the highest estimate of State net farm income for 1993 with $5.2 billion. Texas was second with $4.1 billion. Farm operations in three other States produced incomes in excess of $2 billion: North Carolina ($2.5), Florida ($2.2), and Nebraska ($2.1). Net farm income reflects the net value of all goods and services produced within the year. Cattle and dairy products were the top commodities in cash receipts. Texas led cattle and calf receipts with $6.4 billion, and Wisconsin topped dairy sales with $2.9 billion. Corn and soybeans were the third- and fourth-ranked commodities in the nation, with Illinois and Iowa ranked first and second, respectively, in sales for both. Illinois’ receipts for corn and soybeans were $2.9 billion and $2.3 billion, respectively. Hogs were the fifth-ranked commodity, with Iowa the leading producer at $2.8 billion. Texas ranked first in farm assets ($76.3 billion), California second ($66.5 billion), and Iowa third ($54.8 billion). California ranked first in total farm debt ($13.5 billion), followed by Iowa ($10.4 billion) and Texas ($9.7 billion).

Keywords: Agricultural and Food Policy; Agricultural Finance; Crop Production/Industries; Livestock Production/Industries; Financial Economics; Labor and Human Capital; Livestock Production/Industries; Production Economics; Productivity Analysis (search for similar items in EconPapers)
Pages: 182
Date: 1995-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:359094

DOI: 10.22004/ag.econ.359094

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