State Ranking by Cash Receipts 2001, 2002, 2003 State 1. California 2001 State 26.4 1. California 2002 State 26.1 1. California 2003 27.8 2. Texas 13.5 2. Texas 12.7 2. Texas 15.3* 3. Iowa 10.7 3. Iowa 10.8 3. Iowa 12.6 4. Nebraska 9.2 4. Nebraska 9.6 4. Nebraska 5. Kansas 8.0 5. Kansas 7.9 5. Kansas *Government payments and ag-related activities not included. 10.6 9.0 Ranking of 10 leading states in cash receipts for top 25 commodities, 2003 Top 10 states by their value of cash receipts Commodity 1/ Rank Value 1 2 Million dollars All commodities 211,647 Livestock & products 105,471 All crops 106,176 Cattle and calves 1 45,095 Dairy products 2 21,228 Corn 3 18,336 Soybeans 4 15,942 Broilers 5 15,214 Greenhouse & nursery 6 15,193 Hogs 7 10,629 Wheat 8 6,713 Chicken eggs 9 5,315 Cotton 10 5,025 Hay 11 4,394 Turkeys 12 2,652 Grapes 13 2,577 Potatoes 14 2,571 Lettuce 15 2,103 Tomatoes 16 1,866 Almonds 17 1,600 Tobacco 18 1,551 Apples 19 1,524 Oranges 20 1,423 Strawberries 21 1,321 Rice 22 1,214 Sugar beets 23 1,093 Horses & mules 24 1,018 Cane for sugar 25 1,003 3 4 5 6 7 8 9 10 State and million dollars CA 27,805 TX 10,311 CA 20,812 TX 7,872 CA 4,029 IA 3,709 IA 2,600 GA 2,143 CA 3,313 IA 2,602 KS 1,294 IA 460 TX 1,339 CA 514 MN 425 CA 2,299 ID 560 CA 1,734 CA 901 CA 1,600 NC 598 WA 973 FL 990 CA 1,119 AR 513 MN 336 KY 800 FL 560 na = not available. 1/ The 25 leading commodities ranked by value of farm marketings Economic Research Service/USDA Information Contacts: Larry Traub E-mail: ltraub@ers.usda.gov Roger Strickland E-mail: rogers@ers.usda.gov August 24, 2004 TX 15,342 CA 6,993 IA 6,560 NE 5,904 WI 2,838 IL 3,259 IL 2,558 AR 1,987 FL 1,601 NC 1,533 ND 948 GA 396 CA 645 TX 397 NC 398 WA 131 WA 454 AZ 356 FL 516 na IA 12,633 NE 6,867 IL 6,490 KS 5,618 NY 1,560 NE 2,041 MN 1,589 AL 1,838 TX 1,325 MN 1,267 WA 469 OH 374 MS 517 WA 265 MO 286 NY 38 CA 247 NJ 8 OH 61 na NE 10,621 KS 6,179 FL 5,244 CO 2,944 PA 1,446 MN 1,666 IN 1,390 NC 1,512 NC 945 IL 833 MT 446 PA 371 GA 502 OR 250 VA 177 OR 36 WI 180 CO 6 VA 60 na KS 9,046 IA 6,073 TX 5,031 OK 2,375 MN 1,044 IN 1,449 NE 1,090 MS 1,424 OR 924 IN 620 OK 443 AR 344 AR 481 ID 244 AR 176 MI 25 CO 141 na MN 8,588 NC 4,158 MN 4,516 IA 2,335 ID 1,005 OH 722 OH 984 TX 1,032 MI 580 NE 612 MN 321 TX 310 NC 294 CO 176 SC 173 PA 18 OR 128 na IL 8,290 WI 4,094 WA 3,818 CA 1,556 MI 794 SD 677 MO 980 DE 543 OH 552 MO 456 SD 281 IN 308 LA 238 OK 156 CA 151 AZ 8 ND 117 na NC 6,916 MN 4,072 NE 3,754 SD 1,501 NM 790 WI 644 SD 716 CA 537 PA 395 OK 442 ID 280 AL 296 TN 233 PA 154 IN 139 VA 4 ME 108 na FL 6,450 CO 3,676 IN 3,363 MO 1,077 TX 729 KS 637 AR 696 KY 507 WA 370 OH 277 TX 258 CA 282 MO 191 NM 145 PA 101 NC 3 FL 106 na WI 5,876 OK 3,504 ND 2,907 ID 1,062 WA 672 MO 616 ND 514 MD 495 NJ 368 SD 275 NE 225 NC 242 AZ 183 MO 142 IA 96 OH 3 MI 90 na GA 48 na TN 45 na IN 35 na SC 32 na NJ 30 na NC 27 na KY 431 NY 119 CA 425 FL 129 CA 316 ID 212 NJ 117 LA 329 SC 126 MI 75 TX 6 NC 15 LA 166 ND 197 VA 101 HI 62 GA 113 CA 64 AZ 2 OR 15 MS 82 MI 122 na TN 90 PA 41 na VA 90 OR 26 na FL 20 VA 25 na IN 17 OH 21 na OH 17 WI 19 na CT 12 NC 18 na PA 11 TX 82 CA 69 na WA 8 MO 55 MT 45 na NY 8 na MI 6 na WI 5 na OH 5 na WY 32 na NE 30 na CO 29 na OR 13 na TX 52 na na na na na na State Ranking by Net Farm Income 2001, 2002, 2003 State 2001 State 2002 State 2003 1. Texas 4.3 1. California 5.2 1. California 8.5 2. California 3.8 2. Texas 3.7 2. Texas 5.9 3. N. Carolina 3.2 3. Florida 2.7 3. Nebraska 3.2 4. Georgia 2.3 4. Iowa 1.8 4. Georgia 3.0 5. Florida 2.2 5. Georgia 1.7 5. Oklahoma 2.0 Ranking of states for total net farm income, value of production per acre, and net farm income per acre and per operation for 2003 1 California Net Farm Income $1,000 8,474,761 2 Texas 5,939,216 Rank 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 State Nebraska Georgia Oklahoma Iowa Arkansas Florida Illinois North Carolina Wisconsin Alabama Minnesota Missouri Ohio Kansas Indiana South Dakota North Dakota Idaho Colorado Mississippi Pennsylvania Arizona Kentucky New Mexico Louisiana South Carolina Washington New York Montana Virginia Oregon Tennessee Michigan Utah Maryland Wyoming Delaware New Jersey Hawaii Nevada Vermont Connecticut Maine Massachusetts New Hampshire West Virginia Alaska Rhode Island United States 3,227,861 2,971,056 2,036,673 2,022,623 1,914,275 1,831,021 1,657,021 1,628,756 1,625,981 1,604,440 1,568,401 1,538,969 1,470,336 1,386,902 1,327,733 1,320,900 1,315,316 1,217,690 1,171,639 1,148,406 1,106,794 1,077,743 863,702 715,637 710,944 680,602 680,392 597,202 575,983 528,624 493,216 480,152 444,496 367,873 326,809 291,448 155,678 127,327 121,933 111,278 102,266 92,894 84,415 40,117 16,508 14,830 10,060 9,789 59,228,677 Value of production 1/ Dollars per State operation 2/ California Delaware Arizona Nebraska Idaho Colorado Washington North Carolina Kansas Florida Nevada South Dakota Iowa Maryland North Dakota Connecticut Wyoming New Mexico Illinois Georgia Arkansas Minnesota Hawaii Indiana Oregon New Jersey New York Alaska Mississippi Alabama Utah Wisconsin Pennsylvania Vermont Montana Louisiana Michigan South Carolina 374,235 373,533 294,033 246,606 177,598 177,149 166,795 165,233 160,700 155,294 153,485 151,475 145,796 145,204 144,469 133,457 130,854 129,986 127,244 125,656 125,309 115,607 109,027 100,114 99,756 97,223 96,793 92,971 91,910 91,725 90,519 88,310 86,499 86,394 85,070 83,542 82,612 80,302 Texas 78,454 Maine Ohio Rhode Island Massachusetts Oklahoma Virginia Missouri New Hampshire Kentucky Tennessee West Virginia United States 78,137 77,468 77,308 76,815 60,369 58,121 54,034 53,102 49,412 33,940 24,193 113,273 1/ Net farm income per operation Dollars per State operation 2/ California Arizona Delaware Nebraska Georgia Idaho North Dakota South Dakota Florida New Mexico Arkansas Colorado Nevada Alabama Wyoming North Carolina South Carolina Maryland Mississippi Louisiana 107,959 104,635 67,686 66,554 60,265 48,708 43,410 41,801 41,614 40,894 40,301 37,313 37,093 35,654 31,679 30,444 27,894 27,009 26,832 26,138 Texas 25,935 Oklahoma Utah Illinois Iowa Indiana Hawaii Connecticut Kansas Wisconsin Montana Minnesota Washington Pennsylvania Ohio Alaska New York Vermont Missouri New Jersey Oregon Maine Rhode Island Virginia Kentucky Michigan Massachusetts Tennessee New Hampshire West Virginia 24,391 24,044 22,699 22,474 22,315 22,170 22,118 21,502 21,255 20,571 19,605 19,166 19,017 18,948 16,491 16,141 15,733 14,519 12,861 12,330 11,724 11,516 11,129 9,928 8,340 6,577 5,519 4,855 713 United States 27,848 1/ Value of agricultural sector production in the value-added accounting model (table). 2/ Synonymous with farming operation or farm Economic Research Service/USDA Information Contacts: Roger Strickland, E-Mail: rogers@ers.usda.gov and Larry Traub, E-Mail: ltraub@ers.usda.gov September 2, 2004 Value of production per acre 1/ Dollars per acre State Delaware Connecticut New Jersey Rhode Island California North Carolina Massachusetts Maryland Florida Pennsylvania Georgia New York Alabama Hawaii Vermont Michigan Wisconsin Iowa Arkansas Ohio Maine South Carolina New Hampshire Indiana Washington Idaho Mississippi Illinois Minnesota Virginia Kentucky Louisiana Nebraska Tennessee Oregon Kansas Missouri Colorado Oklahoma West Virginia 1,621 1,557 1,174 1,095 1,084 971 901 853 670 654 574 468 464 461 449 436 433 414 413 412 411 404 401 396 387 376 354 338 334 321 312 289 261 255 232 220 190 179 150 140 Net farm income per acre Dollars State per acre California Delaware Georgia Connecticut Alabama Florida North Carolina Rhode Island Maryland New Jersey Pennsylvania South Carolina Arkansas Wisconsin Mississippi Idaho Ohio Hawaii Louisiana Indiana Vermont New York Massachusetts Nebraska Iowa Kentucky Maine Virginia Oklahoma Illinois Minnesota Missouri 313 294 275 258 180 180 179 163 159 155 144 140 133 104 103 103 101 94 91 88 82 78 77 70 64 63 62 61 60 60 57 51 Texas 46 Utah Arizona North Dakota South Dakota Nevada Alaska New Mexico Montana Wyoming 119 114 111 109 73 63 51 40 35 Washington Michigan Tennessee Arizona Colorado New Hampshire North Dakota Utah South Dakota Kansas Oregon Nevada New Mexico Alaska Montana Wyoming West Virginia United States 257 United States Texas 138 44 44 41 41 38 37 33 32 30 29 29 18 16 11 10 8 4 63 Texas Gross and Net Farm Income 1968-2003 Date Cash Receipts Gross 1/ Net Farm Income - - - - Billion $ - - - 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 20032/ 1/ 2.60 3.00 3.20 3.50 4.10 6.50 5.70 5.90 6.30 6.70 7.62 10.08 9.07 9.61 9.40 9.18 9.65 9.26 8.59 9.13 10.44 10.92 11.76 12.11 11.47 12.73 12.89 13.07 12.73 13.21 13.15 13.03 12.97 13.50 12.59 15.34 3.30 3.80 4.10 4.30 5.20 7.50 6.10 6.40 7.00 7.30 8.70 11.10 9.79 11.55 11.41 11.32 11.69 11.38 10.45 12.30 12.84 12.84 14.46 14.39 14.46 15.76 15.45 15.71 15.06 16.52 15.50 17.45 16.54 17.55 16.61 19.63 0.68 0.70 0.95 0.81 1.13 2.28 1.04 1.21 1.10 1.09 1.24 2.01 0.79 1.90 1.39 1.52 1.41 1.49 1.11 2.11 2.03 2.14 3.40 3.10 3.81 4.54 4.19 3.11 2.94 3.70 3.42 5.00 3.87 4.49 5.21 5.94 Gross includes government payments and non-farm income; does not include agriculturally-related income. 2/ Estimated NOTE: Net income represents returns to owned equity and land, family labor, management and risk. SOURCES: U.S. Department of Agriculture, “Economic Indicators”, monthly issues. “Farm Business Economics Report, 2003"; Texas Agricultural Statistics, 2002; and “Ag Income and Finance”, ERS/USDA, 11/2004; “Texas Ag Facts”, TASS/USDA/NASS. Texas Gross and Net Farm Income, 1975 - 2003 20 Billion $ 15 10 5 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 0 Gross * Cash Receipts * Gross includes government payments and non-farm income, does not include ag-related income. Note: Net income represents returns to owned equity and land, family labor, management and risk. Source: USDA and TASS, 2003 estimated. Net Texas Farm Asset and Debt 1970-2003 Year Total Debt Total Assets ----Billion $---1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2003 2004 1/ 1/ 3.8 4.2 4.7 5.3 5.8 6.3 6.8 7.5 8.7 9.7 10.6 11.4 11.7 11.9 13.9 13.0 11.9 11.4 10.7 9.7 9.1 9.2 8.9 9.3 9.5 9.7 10.0 10.6 10.9 11.2 12.0 12.5 13.0 13.3 26.4 29.1 33.4 40.5 39.1 43.6 47.7 52.9 61.4 69.4 73.4 82.0 83.1 90.8 107.5 97.3 90.8 94.8 91.1 76.0 76.8 75.1 78.6 80.6 80.4 80.4 81.9 88.4 89.4 92.3 98.5 103.5 107.5 112.5 Estimated. Source: U.S. Department of Agriculture, Texas Farm Business Balance Sheet, “Farm Business Economics Report, 2004.” 120 100 80 60 40 20 0 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 Billion $ Texas Farm Assets and Debt, 1975 - 2003 Total Assets Source: USDA and TASS, 2003 estimated. Total Debt Balance Sheet of the Texas Farming Sector Calendar Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 1/ Debt Equity Assets - - - - - Billion $ - - - - 10.6 62.9 73.5 11.4 70.5 82.0 11.7 71.4 83.1 12.0 78.8 90.9 12.8 88.0 100.7 12.5 74.2 86.6 11.3 68.5 79.8 10.8 69.8 80.6 10.1 67.4 77.5 9.7 67.6 77.3 9.1 67.7 76.8 9.2 65.8 75.1 8.9 69.7 78.6 9.3 71.3 80.6 9.5 71.0 80.4 9.7 70.7 80.4 10.0 71.9 81.9 10.6 77.8 88.4 10.9 78.5 89.4 11.2 81.1 92.3 12.0 86.6 98.6 12.5 91.0 103.5 13.0 94.5 107.5 13.3 99.2 112.5 Source: ERS/USDA, Farm Business Economics Business Room., November 18, 2004 1/ Estimated Balance Sheet of the Texas Farming Sector 120 Assets $112.5 Billion $ 100 80 60 $13.3 Debt $99.2 Equity 40 20 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 0 Source: USDA and TASS, 2003 estimated.