Farm Business Economics Report, 1996

摘要

For farmers, particularly crops farmers, 1996 was a very good year, as reflected211u001ein farm sector income accounts. Farm sector income accounts for 1996 show that 211u001enet value added by the agricultural production sector increased 25 percent ($19 211u001ebillion) from net value added in 1995. Final agricultural sector output, the 211u001evalue of the sector's output of commodities and services before expenses, rose 211u001e$22.5 billion in 1996, powered by a $16.9-billion jump in the value of crop 211u001eproduction. Higher output, generally favorable prices, and a modest 3-percent 211u001erise in intermediate consumption outlays boosted net value added. The vale of 211u001efinal crop production. Higher output, generally favorable prices, and a modest 3-211u001epercent rise in intermedate consumption outlays boosted net value added. The 211u001evalue of final crop output rose because yields were high under favorable 211u001eproduction conditions and prices were exceptionally favorable in the first half 211u001eof the year and remained strong right through harvest. Final livestock output 211u001ealso contributed, with a gain in production value of over $4 billion between 1995 211u001eand 1996. These are some of the highlights of this report, which provides data 211u001eand commentary on the income and finances of the farm sector at the national and 211u001eState level, and estimates of production costs for major field crops, livestock, 211u001eand dairy.