FARM BALANCE SHEET (Excluding Farm Households), MASSACHUSETTS, JANUARY 1, 1978-1982 



TOTAL FARM DEBT 



119.5 



168.5 



204.9 



215.8 



243.7 



Equity 



843.6 



949.7 



1,002.3 



1,027.7 



1,021.4 



]_/ Excludes value of operator dwellings. 



2/ Excludes horses, mules, and broilers. 



3/ Includes only farm share value for trucks and autos. 



4/ All crops held on farms including crops under CCC and crops held off farms by farm operators. 



5/ Excludes debt on operator dwellings. 



6/ Excludes debt for non-farm purposes. 



FARM PRODUCTION EXPENSES, MASSACHUSETTS, 1977-1981 



CURRENT FARM OPERATING EXPENSES 



1977 



1978 



1979 



1980 



1981 



Feed 



Livestock 



Seed 



Fertilizer & Lime 



Repairs & Operation of Capital Items 



Hired Labor 



Miscellaneous 



TOTAL CURRENT FARM OPERATING EXPENSES 



Depreciation & Other Consumption of Farm Capital 

 Taxes on Farm Property 

 Interest on Farm Mortgage Debt 

 Net Rent to Non-Operator Landlord 



TOTAL PRODUCTION 207.2 



228.3 



272.7 



300.8 



324.2 



GROSS INCOME AND NET INCOME FROM FARMING, MASSACHUSETTS, 1950-1981 



ITEM 



1950 



Gross Farm Income: 

 Cash Receipts from Farm Marketing 

 Government Payment 

 Non -Money Income 

 Other Farm Income 



TOTAL 



Farm Production Expenses 



Net Farm Income Before Inventory Adjustment 



Net Change in Farm Inventory 



Net Farm Income After Inventory Adjustment 



1960 



1970 



1977 



1978 



1979 



1980 



Million Vollan.i 



1981 



28 



