20 EcoNO^^c-GROSS & Net Income from Farming 



Montana Agricultural Statistics 1996 



GROSS and NET INCOME FROM FARMING: Montana, 1991-1995 



ITEM 



1991 



GROSS FARM INCOME 2,275.5 



Gross cash income 1,923.2 



Farm marketing 1,529.9 



Crops 728.9 



Livestock & products 801.0 



Government payments 320. 1 



Farm related income 73.2 



Noncash income 111.7 



Value of home consumption 11.2 



Rental value of dwellings 100.4 



Operator and other dwellings 92.5 



Hired laborer dwellings 7.9 



Value of inventory adjustment 240.6 



TOTAL PRODUCTION EXPENSES ... 1,670.2 



Intermediate product expenses 842.5 



Farm origin 203.8 



Feed purchased 94.9 



Livestock & poultry purchased 72.9 



Seed purchased 35.9 



Manufactured inputs 220.8 



Fertilzer & lime 72.4 



Pesticides 49.8 



Fuel & oil 98.6 



Other 418.0 



Repairs & maintenance 122.3 



Other miscellaneous 295.7 



Interest 217.7 



Real estate 128.5 



Nonreal estate 89.2 



Contract and hired labor expenses 96.7 



Net rent to nonoperator landlords 141.9 



Capita! consumption 283.9 



Property taxes 87.6 



NET FARM INCOME ^' 605.2 



Gross receipts of farms 2,182.9 



Farm production expenses 1 ,626. 1 



Nonfactor payments 1,180.7 



Intermediate product expenses 833.7 



Capital consumption 257.8 



Property taxes 82.2 



Contract labor 6.9 



Factor payments 445.4 



Interest 213.7 



Hired labor compensation 89.7 



Net rent to nonoperator landlords 141.9 



RETURNS TO OPERATORS *' 556.9 



Gross Cash Income 1,923.2 



Cash expenses 1,373.1 



Cash expenses, excluding net rent 1,218.4 



Intermediate product expenses 833.7 



Interest 213.7 



Cash labor expenses 88.8 



Property taxes 82.2 



Net rent to nonoperator landlords ^' 154.7 



NET CASH INCOME 550.2 



NUMBER OF FARMS (actual) 24,700 



1992 



2,151.1 



2,155.5 



1,780.8 



869.5 



911.3 



298.8 



75.9 



IIO.I 



10.7 



99.4 



94.0 



5.3 



-114.4 



1,628.2 



838.2 



188.8 



93.1 



64.5 



31.2 



202.9 



68.8 



47.4 



86.7 



446.5 



143.3 



303.2 



196.4 



116.4 



80.0 



89.0 



130.7 



282.4 



91.4 



522.9 



2,057.1 



1,577.5 



1,173.3 



828.7 



251.7 



85.4 



7.5 



404.2 



192.0 



81.5 



130.7 



479.6 



2,155.5 



1,333.1 



1,189.8 



828.7 



192.0 



83.7 



85.4 



143.3 



822.4 



24,300 



1993 



1994 



1995 



2,407.4 



2,128.6 



1,845.2 



1,047.3 



797.9 



185.3 



98.1 



154.8 



8.1 



146.7 



137.4 



9.3 



124.0 



2,015.8 



1,063.3 



210.5 



121.9 



51.2 



37.4 



273.6 



102.9 



64.3 



106.5 



579.2 



159.5 



419.7 



211.8 



119.4 



92.4 



148.1 



192.1 



283.5 



117.0 



391.6 



2,270.0 



1,944.7 



1,412.0 



1,051.5 



243.5 



106.5 



10.5 



532.7 



203.1 



137.6 



192.1 



325.3 



2,128.6 



1,704.3 



1,499.9 



1,051.5 



203.1 



138.8 



106.5 



204.4 



424.3 



22,000 



1/ Value added to gross income. Value added to net farm income equals difference in net farm income and returns to operators. 

 II Includes landlord capital consumption. 3/ Statistics in and above the Net Farm Income line represent the farm sector, defined as 

 including farm operators' dwelling located on farms. Statistics below the Net Farm Income line represent only the farm businesses to the 

 exclusion of the operators' dwellings. 4/ Returns to operators is equivalent to net farm income excluding the income and expenses 

 associated with farm operators' dwellings. 5/ Excludes landlord capital consumption. 



SOURCE: Economic Indicators of the Farm Sector, State Income and Balance Sheet Statistics, USDA-ERS. 



