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Economic indicators of the Farm Sector: State Financial Summary, 1993

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  • Rural Economy Division, Economic Research Service

Abstract

California had the highest estimate of State net farm income for 1993 with $5.2 billion. Texas was second with $4.1 billion. Farm operations in three other States produced incomes in excess of $2 billion: North Carolina ($2.5), Florida ($2.2), and Nebraska ($2.1). Net farm income reflects the net value of all goods and services produced within the year. Cattle and dairy products were the top commodities in cash receipts. Texas led cattle and calf receipts with $6.4 billion, and Wisconsin topped dairy sales with $2.9 billion. Corn and soybeans were the third- and fourth-ranked commodities in the nation, with Illinois and Iowa ranked first and second, respectively, in sales for both. Illinois’ receipts for corn and soybeans were $2.9 billion and $2.3 billion, respectively. Hogs were the fifth-ranked commodity, with Iowa the leading producer at $2.8 billion. Texas ranked first in farm assets ($76.3 billion), California second ($66.5 billion), and Iowa third ($54.8 billion). California ranked first in total farm debt ($13.5 billion), followed by Iowa ($10.4 billion) and Texas ($9.7 billion).

Suggested Citation

  • Rural Economy Division, Economic Research Service, 1995. "Economic indicators of the Farm Sector: State Financial Summary, 1993," Miscellaneous Publications 359094, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:359094
    DOI: 10.22004/ag.econ.359094
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