U.S. AND TEXAS GENERAL OVERVIEW Cooperative oil association plant and delivery truck, Umatilla county, Oregon, 1934 AGRICULTURE FUNDAMENTALLY DIFFERENT Tied to nature, biological, renewable Demand changes more slowly than supplies Many producers competing Farmers are generally price takers Cash Receipts by State Rank for All Commodities, 2010 - 2012 Rank 1 2 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 California Iowa Nebraska Texas Minnesota Illinois Kansas Wisconsin Indiana North Carolina Ohio South Dakota Missouri Georgia Arkansas Washington North Dakota Michigan Florida Colorado Idaho Oklahoma Pennsylvania Mississippi Alabama New York Kentucky Oregon Louisiana New Mexico Arizona Tennessee Montana Virginia South Carolina Maryland Utah Wyoming Delaware New Jersey Hawaii Nevada Maine Vermont West Virginia Connecticut Massachusetts New Hampshire Rhode Island Alaska United States 2010 2011 $1,000 2012 37,878,615 24,031,129 17,120,126 20,378,748 15,820,319 15,981,533 14,724,994 9,231,605 9,735,507 9,730,305 7,975,269 7,474,865 8,491,157 7,563,878 7,847,965 7,542,116 6,923,076 6,641,196 7,832,526 6,090,462 5,889,969 6,156,378 5,817,102 4,960,703 4,623,641 4,405,145 4,453,443 3,725,328 3,082,169 3,286,643 3,431,595 3,137,287 3,042,789 2,897,731 2,415,800 1,835,151 1,317,031 1,159,418 1,057,000 1,044,064 678,034 554,818 635,425 612,384 521,092 499,266 467,129 175,235 59,037 31,615 43,331,185 28,847,175 22,203,019 22,344,301 17,756,309 18,902,122 15,026,529 11,522,907 11,735,234 10,313,461 8,689,383 9,194,485 9,646,507 8,185,334 8,144,469 8,756,160 7,249,205 8,045,021 8,339,101 6,992,320 7,368,419 6,917,560 6,497,425 5,157,578 4,814,271 5,254,501 4,930,924 4,658,190 3,485,186 4,132,542 4,315,407 3,389,170 3,668,552 3,331,750 2,604,462 2,106,082 1,634,728 1,484,377 1,064,845 1,121,448 722,853 691,230 705,157 757,486 564,302 542,234 512,002 189,287 62,723 30,883 44,738,132 31,985,370 24,465,882 22,726,067 20,580,696 19,649,939 16,223,254 12,110,055 12,052,964 11,706,602 10,066,756 10,013,470 9,940,400 9,779,096 9,421,594 9,293,914 8,684,221 8,293,622 8,252,525 7,638,232 7,586,979 7,038,174 6,868,357 6,235,891 5,349,114 5,287,766 5,284,095 4,817,294 4,127,882 4,019,802 3,909,695 3,849,846 3,745,101 3,576,417 2,928,327 2,329,861 1,688,836 1,650,684 1,180,546 1,139,186 729,321 717,590 702,945 699,313 652,069 543,829 510,006 183,921 62,082 30,954 320,987,816 367,939,792 395,068,677 Source: USDA/ERS, U.S. and State- Level Farm Income and Wealth Statistics Ranking based on 2012 numbers State Ranking by Cash Receipts 2010, 2011, 2012 (Billion $) State 1. California 2010 State 37.88 1. California 2011 State 43.33 1. California 2012 44.74 2. Iowa 24.03 2. Iowa 28.85 2. Iowa 31.99 3. Texas 20.38 3. Texas 22.34 3. Nebraska 24.47 4. Nebraska 17.12 4. Nebraska 22.20 4. Texas 22.73 5. Illinois 15.98 5. Illinois 18.90 5. Minnesota 20.58 *Government payments and ag-related activities not included. Net Farm Income by State Rank, 2012 Rank State 2010 2011 2012 10,571,623 4,816,692 4,534,314 3,862,338 5,294,109 3,301,143 2,599,699 2,128,880 3,276,459 2,498,521 2,291,834 2,037,985 2,815,328 1,559,029 2,161,849 2,042,218 1,993,398 1,893,407 1,209,347 1,256,074 1,336,851 2,117,798 866,200 1,138,779 819,583 1,184,759 832,044 1,018,455 1,123,525 735,626 456,804 355,193 789,140 423,650 510,796 372,644 136,345 160,669 341,400 226,654 191,364 140,844 232,749 149,571 96,675 98,453 -18,391 10,813 12,101 23,961 15,997,628 10,885,476 5,956,331 7,419,381 5,216,347 2,897,626 2,227,691 2,411,659 6,232,017 4,627,966 3,816,381 3,813,826 5,130,235 2,481,012 3,787,521 2,336,318 3,458,906 3,095,015 1,409,297 1,195,894 1,926,542 3,267,554 1,206,996 1,736,202 1,466,495 1,563,402 641,327 1,326,678 1,708,390 971,144 1,012,269 752,646 1,554,517 807,454 452,603 562,764 346,430 386,590 407,714 236,628 231,750 221,961 202,344 235,100 125,409 123,586 40,964 8,303 9,906 25,608 16,001,126 9,254,750 8,172,164 5,952,230 5,145,164 4,319,946 4,279,096 4,214,043 4,173,946 3,643,005 3,290,744 3,200,564 3,014,913 2,745,404 2,567,695 2,522,211 2,236,866 2,160,404 1,979,479 1,939,512 1,833,490 1,794,698 1,779,420 1,753,342 1,540,664 1,403,608 1,384,612 1,358,391 1,296,264 1,294,910 959,936 932,203 902,975 812,614 734,915 727,340 363,641 356,382 339,611 329,964 272,204 222,575 191,601 159,652 99,135 75,477 64,224 11,108 4,548 568 78,029,252 117,955,787 113,813,381 $1,000 1 2 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 United States California Iowa Minnesota Nebraska Texas North Carolina North Dakota Georgia Illinois South Dakota Indiana Wisconsin Kansas Idaho Ohio Florida Michigan Washington Arkansas Mississippi Pennsylvania Missouri Louisiana Colorado Kentucky Oklahoma Alabama New Mexico New York Montana Oregon Virginia Arizona Tennessee South Carolina Maryland Utah Wyoming New Jersey Hawaii Delaware Nevada Maine Vermont Massachusetts Connecticut West Virginia Alaska Rhode Island New Hampshire Source: USDA/ERS; U.S. and State-Level Farm Income and Wealth Statistics Ranking based on 2012 numbers Leading States in Value of Farm Real Estate, January 1, 2012 State 1. Texas 2. 3. 4. 5. 6. 7. 8. 9. 10. As of August 2013 http://www.nass.usda.gov Iowa California Illinois Nebraska Minnesota Indiana Missouri Ohio Wisconsin Million Dollars 230,400 214,900 182,880 178,220 117,845 108,540 91,140 84,100 67,750 65,250 Texas and United States Number of Farms, 1915 - 2013 (1,000) Year Farms Texas Year Farms Year Farms U.S. Year Farms 1915 1916 1917 1918 1919 ..... ..... ..... ..... ..... 430 432 436 438 442 1965 1966 1967 1968 1969 ..... ..... ..... ..... ..... 226 222 219 216 214 1915 1916 1917 1918 1919 ..... ..... ..... ..... ..... 6,458 6,463 6,478 6,488 6,506 1965 1966 1967 1968 1969 ..... ..... ..... ..... ..... 3,356 3,257 3,162 3,071 3,000 1920 1921 1922 1923 1924 ..... ..... ..... ..... ..... 446 450 454 458 464 1970 1971 1972 1973 1974 ..... ..... ..... ..... ..... 212 210 209 209 209 1920 1921 1922 1923 1924 ..... ..... ..... ..... ..... 6,518 6,511 6,500 6,492 6,480 1970 1971 1972 1973 1974 ..... ..... ..... ..... ..... 2,949 2,902 2,860 2,823 2,795 1925 1926 1927 1928 1929 ..... ..... ..... ..... ..... 470 476 481 484 492 1975 1976 1977 1978 1979 ..... ..... ..... ..... ..... 189 187 186 185 192 1925 1926 1927 1928 1929 ..... ..... ..... ..... ..... 6,471 6,462 6,458 6,470 6,512 1975 1976 1977 1978 1979 ..... ..... ..... ..... ..... 2,521 2,497 2,456 2,436 2,437 1930 1931 1932 1933 1934 ..... ..... ..... ..... ..... 496 506 504 496 496 1980 1981 1982 1983 1984 ..... ..... ..... ..... ..... 196 195 194 194 194 1930 1931 1932 1933 1934 ..... ..... ..... ..... ..... 6,546 6,609 6,687 6,741 6,776 1980 1981 1982 1983 1984 ..... ..... ..... ..... ..... 2,440 2,440 2,407 2,379 2,334 1935 1936 1937 1938 1939 ..... ..... ..... ..... ..... 501 489 472 449 440 1985 1986 1987 1988 1989 ..... ..... ..... ..... ..... 192 190 188 187 186 1935 1936 1937 1938 1939 ..... ..... ..... ..... ..... 6,814 6,739 6,636 6,527 6,441 1985 1986 1987 1988 1989 ..... ..... ..... ..... ..... 2,293 2,250 2,213 2,197 2,171 1940 1941 1942 1943 1944 ..... ..... ..... ..... ..... 420 418 406 397 389 1990 1991 1992 1993 1994 ..... ..... ..... ..... ..... 196 197 198 218 220 1940 1941 1942 1943 1944 ..... ..... ..... ..... ..... 6,350 6,293 6,202 6,089 6,003 1990 1991 1992 1993 1994 ..... ..... ..... ..... ..... 2,146 2,117 2,108 2,202 2,198 1945 1946 1947 1948 1949 ..... ..... ..... ..... ..... 387 380 372 365 355 1995 1996 1997 1998 1999 ..... ..... ..... ..... ..... 222 224 225 226 227 1945 1946 1947 1948 1949 ..... ..... ..... ..... ..... 5,967 5,926 5,871 5,803 5,772 1995 1996 1997 1998 1999 ..... ..... ..... ..... ..... 2,196 2,191 2,191 2,192 2,187 1950 1951 1952 1953 1954 ..... ..... ..... ..... ..... 345 332 318 305 297 2000 2001 2002 2003 2004 ..... ..... ..... ..... ..... 226 229 229 229 229 1950 1951 1952 1953 1954 ..... ..... ..... ..... ..... 5,648 5,428 5,198 4,984 4,798 2000 2001 2002 2003 2004 ..... ..... ..... ..... ..... 2,167 2,149 2,135 2,127 2,113 1955 1956 1957 1958 1959 ..... ..... ..... ..... ..... 298 281 273 265 252 2005 . . . . . 2006 . . . . . . 2007. . . . . . 2008. . . . . . 2009. . . . . . 230 230 248 248 249 1955 1956 1957 1958 1959 ..... ..... ..... ..... ..... 4,654 4,514 4,372 4,233 4,105 2005 . . . . . 2006 . . . . . 2007. . . . . . 2008. . . . . . 2009. . . . . . 2,099 2,089 2,205 2,185 2,170 1960 1961 1962 1963 1964 ..... ..... ..... ..... ..... 247 242 237 233 230 2010. . . . . . 2011. . . . . . 2012. . . . . . 2013. . . . . . 249 249 249 249 1960 1961 1962 1963 1964 ..... ..... ..... ..... ..... 3,963 3,825 3,692 3,572 3,457 2010. . . . . . 2011. . . . . . 2012. . . . . . 2013. . . . . . 2,150 2,131 2,110 2,103 Source: TDA/USDA, “1966-1989 Texas Historical Crops Statistics”, compiled by Texas Agricultural Statistics Service, August 1991, USDA; “Texas Ag Facts”, USDA/TASS; “Farm Numbers and Land in Farms”, USDA/NASS, various years. U.S. 248,500 Farms Texas 2013 2000 1990 1980 1970 1960 1950 1940 1930 1920 2,103,210 Farms 550 500 450 400 350 300 250 200 150 100 50 0 Thousands (Texas) 7000 6000 5000 4000 3000 2000 1000 0 1910 Thousands (U.S.) Texas and U.S. Number of Farms, 1910 - 2013 Cotton: States' Ranking for Cash Receipts, 2012 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 State State receipts for Cotton $1,000 Texas Georgia California Mississippi Arkansas North Carolina Tennessee Missouri Arizona Alabama South Carolina Louisiana Florida Virginia Oklahoma New Mexico Kansas 2,224,380 1,286,437 1,024,906 667,487 658,345 453,172 406,880 389,874 371,370 317,893 235,728 211,592 92,308 81,209 72,557 56,745 34,309 United States 8,585,192 Footnotes NA = Data are not available/applicable. Values are rounded to the nearest thousand. USDA/ERS Farm Income and Wealth Statistics Share of U.S. receipts for Cotton Percent 25.9 15.0 11.9 7.8 7.7 5.3 4.7 4.5 4.3 3.7 2.7 2.5 1.1 0.9 0.8 0.7 0.4 Cumulative share of U.S. receipts for Cotton Percent 25.9 40.9 52.8 60.6 68.3 73.6 78.3 82.8 87.2 90.9 93.6 96.1 97.1 98.1 98.9 99.6 100.0 State receipts for all commodities $1,000 Share of State receipts for all commodities Percent 22,726,067 9,779,096 44,738,132 6,235,891 9,421,594 11,706,602 3,849,846 9,940,400 3,909,695 5,349,114 2,928,327 4,127,882 8,252,525 3,576,417 7,038,174 4,019,802 16,223,254 9.8 13.2 2.3 10.7 7.0 3.9 10.6 3.9 9.5 5.9 8.0 5.1 1.1 2.3 1.0 1.4 0.2 395,068,677 2.2 Cotton: States’ Percent of Total Receipts, 2012 25.9 Texas 15.0 Georgia 11.9 California 7.8 7.7 Mississippi Arkansas 5.3 4.7 4.5 4.3 3.7 2.7 2.5 N.Carolina Tennessee Missouri Arizona Alabama S. Carolina Louisiana Percent 1.1 Florida 2.8 *Other 0 5 10 * Virginia, Oklahoma, New Mexico, and Kansas 15 20 25 30