Iowa Economy News and Trends - Iowa Workforce Development
 

Please note: Effective April 1st, Trends will no longer be updated.  If you have any questions about this or need help locating data after this time please call (515) 281-8515.

Source: U. S. Department of Agriculture
Contact: Economic Research Service at (202) 694-5050
Data revised: 11/03/2011  
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
             

All rights reserved. Privacy Statement. Terms of Use.

Labor Market Information
Iowa Workforce Development | IowaWorks