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ERIC Number: ED277865
Record Type: Non-Journal
Publication Date: 1987-Jan
Reference Count: N/A
Economic Indicators of the Farm Sector. State Financial Summary, 1985.
Economic Research Service (USDA), Washington, DC.
Government data indicate that the top five states in net farm income in 1985 were California ($3.5 billion), Texas ($2.5 billion), Nebraska ($1.8 billion), Florida ($1.8 billion), and Iowa ($1.7 billion). Cattle and calves and dairy products were the top commodities in cash receipts. Texas led cattle and calf production with $4.1 billion, and Wisconsin led in dairy sales with $3 billion. Illinois led in receipts of the next two highest earning commodities, corn ($3.4 billion) and soybeans ($1.9 billion). Iowa led in hog sales ($2.4 billion). California farmers had the largest production expenses ($11.9 billion), followed by farmers in Texas, Iowa, Illinois, and Nebraska. Under the farm balance sheet accounts, as of December 31, 1985, the leading states in assets, excluding farm households, were Texas, California, Illinois, Iowa, and Minnesota. The state rankings including operator households were the same. California owed the most in total debt ($15.6 billion), followed by Iowa, Texas, Illinois, and Minnesota. When operator households were included, the rankings remained the same, except that Missouri replaced Minnesota in fifth place. The highest debt/asset ratios excluding farm households were 36 percent in Minnesota, 35.5 percent in Nebraska, 32.1 percent in South Dakota, and 30.7 percent in Wisconsin. States with debt/asset ratios under 10 percent were New Hampshire, Hawaii, Rhode Island, Alaska, and Massachusetts. (This report includes 39 tables of state-by-state data on farm income, cash receipts for various crops and livestock products, government payments, farm production expenses, and real estate and non-real estate farm debt.) (MN)
Descriptors: Agricultural Production, Credit (Finance), Economic Climate, Economic Factors, Economic Status, Farmers, Financial Policy, Financial Problems, Government Role, Income, Loan Repayment, Retrenchment, Tables (Data), Trend Analysis
Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402.
Publication Type: Reports - General; Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: Economic Research Service (USDA), Washington, DC.
Identifiers - Location: United States