| Value-Added Components of Iowa Net Farm Income |
| Thousand dollars |
2003 |
2004 |
2005 |
2006 |
2007 |
| Value of crop production |
5,764,147 |
8,568,766 |
6,694,665 |
6,824,880 |
10,675,262 |
| Food grains |
3,771 |
4,499 |
2,752 |
4,367 |
7,441 |
| Feed crops |
3,887,802 |
4,001,451 |
3,700,238 |
4,533,531 |
6,526,139 |
| Cotton |
0 |
0 |
0 |
0 |
0 |
| Oil crops |
2,724,424 |
2,613,481 |
2,775,054 |
2,818,703 |
3,509,774 |
| Tobacco |
0 |
0 |
0 |
0 |
0 |
| Fruits and tree
nuts |
3,651 |
3,758 |
3,158 |
3,454 |
3,659 |
| Vegetables |
22,940 |
23,841 |
25,553 |
24,151 |
21,872 |
| All other
crops |
115,695 |
107,311 |
110,889 |
105,685 |
110,955 |
| Home
consumption |
4,997 |
3,167 |
1,632 |
1,842 |
2,315 |
| Value of inventory
adjustment |
-999,133 |
1,811,258 |
75,389 |
-666,853 |
493,107 |
| |
|
|
|
|
|
| Value of livestock production |
6,045,821 |
7,466,066 |
8,105,473 |
7,995,727 |
8,998,927 |
| Meat animals |
4,978,378 |
5,958,814 |
6,751,833 |
6,650,299 |
7,036,635 |
| Dairy products |
482,432 |
621,356 |
609,858 |
531,700 |
810,222 |
| Poultry and
eggs |
596,047 |
670,664 |
482,218 |
554,184 |
981,396 |
| Miscellaneous
livestock |
30,448 |
32,458 |
34,318 |
36,310 |
28,760 |
| Home
consumption |
3,774 |
4,335 |
7,520 |
8,834 |
9,564 |
| Value of inventory
adjustment |
-45,258 |
178,439 |
219,726 |
214,400 |
132,350 |
| |
|
|
|
|
|
| Revenues from services and forestry |
1,143,526 |
1,267,784 |
1,273,875 |
1,415,740 |
1,480,862 |
| Machine hire and
customwork |
123,558 |
202,626 |
101,970 |
158,636 |
111,160 |
| Forest products
sold |
17,000 |
17,000 |
17,000 |
17,000 |
17,000 |
| Other farm
income |
491,096 |
454,680 |
515,390 |
512,700 |
521,051 |
| Gross imputed rental
value of farm dwellings |
511,872 |
593,478 |
639,515 |
727,404 |
831,651 |
| |
|
|
|
|
|
| Value of agricultural sector production |
12,953,493 |
17,302,615 |
16,074,013 |
16,236,346 |
21,155,051 |
| |
|
|
|
|
|
| Purchased inputs |
7,849,777 |
8,501,777 |
9,457,740 |
9,561,737 |
11,385,214 |
| |
|
|
|
|
|
| Farm origin |
3,885,817 |
4,291,564 |
4,832,613 |
4,855,700 |
5,526,144 |
| Feed
purchased |
1,840,000 |
1,980,000 |
2,070,000 |
1,980,000 |
2,400,000 |
| Livestock and poultry
purchased |
1,305,817 |
1,511,564 |
1,912,613 |
1,965,700 |
1,996,144 |
| Seed
purchased |
740,000 |
800,000 |
850,000 |
910,000 |
1,130,000 |
| |
|
|
|
|
|
| Manufactured
inputs |
1,784,153 |
1,955,869 |
2,137,552 |
2,214,149 |
2,763,261 |
| Fertilizers and
lime |
720,000 |
820,000 |
930,000 |
960,000 |
1,210,000 |
| Pesticides |
590,000 |
600,000 |
580,000 |
540,000 |
680,000 |
| Petroleum fuel
and oils |
320,773 |
402,412 |
481,854 |
551,065 |
699,793 |
| Electricity |
153,380 |
133,457 |
145,698 |
163,084 |
173,468 |
| |
|
|
|
|
|
| Other purchased
inputs |
2,179,807 |
2,254,344 |
2,487,575 |
2,491,888 |
3,095,809 |
| Repair and maintenance
of capital items |
603,366 |
634,199 |
651,880 |
679,239 |
807,091 |
| Machine hire and
customwork |
169,948 |
203,859 |
221,292 |
170,582 |
204,212 |
| Marketing, storage,
and transportation expenses |
208,358 |
233,259 |
295,763 |
245,948 |
397,538 |
| Contract
labor |
42,641 |
52,878 |
33,300 |
30,440 |
55,378 |
| Miscellaneous
expenses |
1,155,494 |
1,130,149 |
1,285,340 |
1,365,679 |
1,631,590 |
| |
|
|
|
|
|
| Net government transactions |
572,644 |
712,699 |
1,694,019 |
606,749 |
64,371 |
| |
|
|
|
|
|
| Direct Government
payments |
1,051,939 |
1,265,492 |
2,286,637 |
1,252,327 |
775,821 |
| Motor vehicle
registration and licensing fees |
29,295 |
32,793 |
22,618 |
35,578 |
31,450 |
| Property taxes |
450,000 |
520,000 |
570,000 |
610,000 |
680,000 |
| |
|
|
|
|
|
| Gross value added |
5,676,360 |
9,513,537 |
8,310,292 |
7,281,358 |
9,834,208 |
| |
|
|
|
|
|
| Capital
consumption |
1,227,708 |
1,317,915 |
1,409,288 |
1,464,898 |
1,503,223 |
| |
|
|
|
|
|
| Net value added |
4,448,652 |
8,195,622 |
6,901,004 |
5,816,460 |
8,330,985 |
| |
|
|
|
|
|
| Payments to
stakeholders |
2,425,509 |
2,602,396 |
2,881,301 |
2,801,383 |
2,996,986 |
| Employee compensation
(total hired labor) |
397,359 |
391,585 |
402,868 |
375,680 |
520,467 |
| Net rent received by
nonoperator landlords |
1,182,144 |
1,357,770 |
1,510,492 |
1,394,920 |
1,359,572 |
| Real estate and
nonreal estate interest |
846,006 |
853,041 |
967,941 |
1,030,783 |
1,116,947 |
| |
|
|
|
|
|
| Net farm income |
2,023,143 |
5,593,226 |
4,019,703 |
3,015,077 |
5,333,999 |
| |
|
|
|
|
|
|
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