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Source: U. S. Department of Agriculture
Contact: Economic Research Service at (202) 694-5050 		Data revised: 11/03/2011
Next scheduled revision:  09/03/2012       
Download: Excel Spreadsheet  (and Excel Viewer)
Value-Added Components of Iowa Net Farm Income
(thousands) 2005 2006 2007 2008 2009 2010
        Value of crop production                                                                                                            6,708,557 6,832,069 10,677,776 14,195,607 13,209,590 12,437,361
          Food grains                                                                                                                       2,752 4,367 5,961 10,827 5,533 2,522
          Feed Crops 3,700,238 4,531,723 6,340,759 9,112,347 8,083,984 8,147,514
          Cotton 0 0 0 0 0 0
          Oil Crops 2,775,054 2,818,703 3,813,750 4,220,386 5,127,547 4,802,414
          Tobacco 0 0 0 0 0 0
          Fruits and tree nuts                                                                                                              4,684 5,464 6,627 5,987 6,794 6,503
          Vegetables 24,717 22,592 21,138 23,386 23,931 21,334
          All other crops                                                                                                                   122,963 118,976 124,911 124,744 126,415 128,872
          Home consumption                                                                                                                  1,775 1,504 523 511 1,483 3,029
          Value of inventory adjustment 2/                                                                                                  76,374 -671,260 364,107 697,419 -166,097 -674,827
                                                                                                                                                       
        Value of livestock production                                                                                                       8,084,494 7,942,849 8,958,172 9,875,077 8,371,496 10,192,855
          Meat animals                                                                                                                      6,730,355 6,592,185 6,867,851 7,669,921 6,918,496 8,256,429
          Dairy products                                                                                                                    612,000 533,910 813,278 794,945 575,388 713,130
          Poultry and eggs                                                                                                                  465,032 541,116 988,491 1,349,647 974,321 1,109,099
          Miscellaneous livestock                                                                                                           48,757 50,820 51,183 54,394 53,393 58,595
          Home consumption                                                                                                                  8,624 10,418 9,857 11,888 13,191 11,650
          Value of inventory adjustment 2/                                                                                                  219,726 214,400 227,512 -5,718 -163,293 43,952
                                                                                                                                                       
        Revenues from services and forestry                                                                                                 1,273,008 1,485,731 1,609,559 2,098,402 2,432,959 1,993,021
          Machine hire and customwork                                                                                                       101,970 158,636 131,473 203,559 155,483 174,056
          Forest products sold                                                                                                              6,150 6,325 6,500 6,500 6,500 6,500
          Other farm income                                                                                                                 530,046 604,370 642,591 1,059,748 1,420,468 941,908
          Gross imputed rental value of farm  dwellings                                                                                     634,842 716,400 828,995 828,595 850,508 870,557
                                                                                                                                                       
        Value of agricultural sector production                                                                                             16,066,059 16,260,649 21,245,507 26,169,086 24,014,045 24,623,237
                                                                                                                                                       
less:   Purchased inputs                                                                                                                    9,474,080 9,576,909 12,580,641 14,583,434 14,157,179 14,282,651
                                                                                                                                                       
          Farm origin                                                                                                                       4,849,379 4,871,352 6,056,261 7,122,603 7,171,596 7,462,994
            Feed purchased                                                                                                                  2,070,000 1,980,000 2,910,000 3,680,000 3,860,000 3,660,000
            Livestock and poultry purchased                                                                                                 1,929,379 1,981,352 1,996,261 2,092,603 1,771,596 2,202,994
            Seed purchased                                                                                                                  850,000 910,000 1,150,000 1,350,000 1,540,000 1,600,000
                                                                                                                                                       
          Manufactured inputs                                                                                                               2,137,552 2,214,187 3,002,381 3,838,211 3,479,777 3,460,710
            Fertilizers and lime                                                                                                            930,000 960,000 1,340,000 1,870,000 1,710,000 1,810,000
            Pesticides                                                                                                                      580,000 540,000 710,000 820,000 810,000 720,000
            Petroleum fuel and oils                                                                                                         481,854 551,065 755,490 957,477 759,278 744,053
            Electricity                                                                                                                     145,698 163,122 196,891 190,734 200,499 186,657
                                                                                                                                                       
          Other purchased inputs                                                                                                            2,487,149 2,491,370 3,521,999 3,622,620 3,505,806 3,358,947
            Repair and maintenance of capital items                                                                                         651,880 679,239 873,049 919,596 886,205 950,855
            Machine hire and customwork                                                                                                     221,292 170,582 184,226 275,632 204,108 250,024
            Marketing, storage, and transportation expenses                                                                                 294,093 250,135 377,188 349,952 496,125 352,115
            Contract labor                                                                                                                  33,300 30,440 38,998 57,123 32,436 57,666
            Miscellaneous expenses                                                                                                          1,286,584 1,360,974 2,048,538 2,020,317 1,886,932 1,748,287
                                                                                                                                                       
plus:   Net government transactions                                                                                                         1,694,019 606,762 42,595 98,899 66,400 276,290
                                                                                                                                                       
      +   Direct Government payments                                                                                                        2,286,637 1,252,340 775,819 803,506 767,039 1,025,092
      -   Motor vehicle registration and licensing fees                                                                                     22,618 35,578 33,224 34,607 30,639 38,802
      -   Property taxes                                                                                                                    570,000 610,000 700,000 670,000 670,000 710,000
                                                                                                                                                       
        Gross value added                                                                                                                   8,285,998 7,290,502 8,707,462 11,684,551 9,923,266 10,616,875
                                                                                                                                                       
less:     Capital consumption                                                                                                               1,408,387 1,471,044 1,512,914 1,617,941 1,698,978 1,728,828
                                                                                                                                                       
        Net value added                                                                                                                     6,877,611 5,819,458 7,194,548 10,066,610 8,224,288 8,888,047
                                                                                                                                                       
less:     Payments to stakeholders                                                                                                          2,834,548 2,818,066 3,074,675 3,376,750 3,456,189 3,805,923
            Employee compensation (total hired labor)                                                                                       402,868 375,680 632,320 587,513 593,024 583,066
            Net rent received by nonoperator landlords                                                                                      1,505,430 1,374,555 1,319,402 1,647,658 1,744,568 2,155,549
            Real estate and nonreal estate interest                                                                                         926,250 1,067,831 1,122,953 1,141,579 1,118,597 1,067,308
                                                                                                                                                       
        Net farm income                                                                                                                     4,043,063 3,001,392 4,119,873 6,689,860 4,768,099 5,082,124
             

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