| Value-Added Components of Iowa Net Farm Income |
| Thousand dollars |
2003 |
2004 |
2005* |
2006p |
2007f |
| Value
of crop production |
5,822,384 |
8,534,880 |
11,270,000 |
11,960,000 |
13,760,000 |
| Food grains |
3,787 |
4,438 |
840,000 |
870,000 |
1,050,000 |
| Feed crops |
3,905,492 |
4,348,688 |
2,530,000 |
2,910,000 |
3,790,000 |
| Cotton |
0 |
0 |
580,000 |
550,000 |
570,000 |
| Oil crops |
2,813,989 |
2,887,238 |
1,830,000 |
1,880,000 |
2,000,000 |
| Tobacco |
0 |
0 |
110,000 |
120,000 |
130,000 |
| Fruits and tree nuts |
3,647 |
3,876 |
1,680,000 |
1,770,000 |
1,820,000 |
| Vegetables |
22,940 |
23,841 |
1,690,000 |
1,860,000 |
1,770,000 |
| All other crops |
104,821 |
100,692 |
2,130,000 |
2,180,000 |
2,220,000 |
| Home consumption |
4,997 |
3,167 |
10,000 |
10,000 |
10,000 |
| Value of inventory adjustment |
(1,037,288) |
1,162,941 |
(130,000) |
(200,000) |
410,000 |
| |
|
|
|
|
|
| Value
of livestock production |
6,045,821 |
7,448,872 |
12,690,000 |
12,270,000 |
12,570,000 |
| Meat animals |
4,978,378 |
5,960,217 |
6,480,000 |
6,530,000 |
6,500,000 |
| Dairy products |
482,432 |
620,052 |
2,670,000 |
2,340,000 |
2,580,000 |
| Poultry and eggs |
596,047 |
670,929 |
2,890,000 |
2,770,000 |
2,960,000 |
| Miscellaneous livestock |
30,448 |
32,974 |
450,000 |
470,000 |
480,000 |
| Home consumption |
3,774 |
4,335 |
30,000 |
30,000 |
30,000 |
| Value of inventory adjustment |
(45,258) |
160,365 |
170,000 |
120,000 |
30,000 |
| |
|
|
|
|
|
| Revenues
from services and forestry |
1,101,362 |
1,192,920 |
3,580,000 |
3,980,000 |
4,220,000 |
| Machine hire and customwork |
123,558 |
202,626 |
280,000 |
300,000 |
330,000 |
| Forest products sold |
17,000 |
17,000 |
250,000 |
250,000 |
240,000 |
| Other farm income |
491,074 |
454,603 |
1,240,000 |
1,250,000 |
1,300,000 |
| Gross imputed rental value of farm dwellings |
469,730 |
518,691 |
1,820,000 |
2,180,000 |
2,350,000 |
| |
|
|
|
|
|
| Value
of agricultural sector production |
12,969,567 |
17,176,672 |
27,540,000 |
28,210,000 |
30,550,000 |
| |
|
|
|
|
|
| Purchased
inputs |
7,787,338 |
8,279,202 |
14,670,000 |
15,480,000 |
16,410,000 |
| |
|
|
|
|
|
| Farm origin |
3,886,021 |
4,108,246 |
5,790,000 |
6,090,000 |
6,490,000 |
| Feed purchased |
1,840,000 |
1,880,000 |
2,820,000 |
3,090,000 |
3,490,000 |
| Livestock and poultry purchased |
1,306,021 |
1,438,246 |
1,920,000 |
1,870,000 |
1,810,000 |
| Seed purchased |
740,000 |
790,000 |
1,040,000 |
1,130,000 |
1,200,000 |
| |
|
|
|
|
|
| Manufactured inputs |
1,759,007 |
1,940,228 |
3,550,000 |
3,780,000 |
3,900,000 |
| Fertilizers and lime |
720,000 |
840,000 |
1,290,000 |
1,370,000 |
1,450,000 |
| Pesticides |
590,000 |
570,000 |
890,000 |
930,000 |
970,000 |
| Petroleum fuel and oils |
304,482 |
401,647 |
1,030,000 |
1,100,000 |
1,090,000 |
| Electricity |
144,525 |
128,581 |
340,000 |
380,000 |
400,000 |
| |
|
|
|
|
|
| Other purchased inputs |
2,142,310 |
2,230,728 |
5,330,000 |
5,610,000 |
6,020,000 |
| Repair and maintenance of capital
items |
537,737 |
727,967 |
1,190,000 |
1,290,000 |
1,390,000 |
| Machine hire and customwork |
166,673 |
200,469 |
350,000 |
360,000 |
380,000 |
| Marketing, storage, and transportation
expenses |
204,719 |
229,369 |
880,000 |
900,000 |
980,000 |
| Contract labor |
42,641 |
43,632 |
300,000 |
320,000 |
340,000 |
| Miscellaneous expenses |
1,190,540 |
1,029,291 |
2,610,000 |
2,740,000 |
2,940,000 |
| |
|
|
|
|
|
| Net
government transactions |
573,646 |
751,872 |
1,580,000 |
760,000 |
360,000 |
| |
|
|
|
|
|
| Direct Government payments |
1,051,929 |
1,264,138 |
2,430,000 |
1,630,000 |
1,240,000 |
| Motor vehicle registration and licensing
fees |
28,283 |
32,266 |
60,000 |
60,000 |
60,000 |
| Property taxes |
450,000 |
480,000 |
800,000 |
810,000 |
830,000 |
| |
|
|
|
|
|
| Gross
value added |
5,755,875 |
9,649,343 |
14,460,000 |
13,500,000 |
14,500,000 |
| |
|
|
|
|
|
| Capital consumption |
1,228,148 |
1,303,221 |
2,410,000 |
2,530,000 |
2,650,000 |
| |
|
|
|
|
|
| Net
value added |
4,527,727 |
8,346,122 |
12,040,000 |
10,970,000 |
11,850,000 |
| |
|
|
|
|
|
| Payments to stakeholders |
2,506,625 |
2,663,005 |
4,660,000 |
4,910,000 |
5,180,000 |
| Employee compensation (total hired
labor) |
397,359 |
416,368 |
2,100,000 |
2,180,000 |
2,340,000 |
| Net rent received by nonoperator
landlords |
1,189,561 |
1,290,865 |
1,050,000 |
1,010,000 |
1,040,000 |
| Real estate and nonreal estate
interest |
919,705 |
955,772 |
1,510,000 |
1,720,000 |
1,810,000 |
| |
|
|
|
|
|
| Net
farm income |
2,021,102 |
5,683,117 |
7,380,000 |
6,060,000 |
6,660,000 |
| F = forecast. P = preliminary. *2005, 2006, and 2007 data have
been rounded |
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