16 Economic 



1989 Montana Agricultural Statistics 



GROSS and NET INCOME FROM FARMING: Montana, 1984-1988 



ITEM 1984 1985 1986 1987 1988 



--Million Dollars- 



GROSS FARM INCOME 2 1,632.2 1,272.3 1,771.0 1,858.4 1,715.1 



Cash Income 1,633.2 1,469.5 1,482.1 1,724.5 



Farm marketing 1,379.5 1,231.4 1,123.9 1,355.4 



Crops 663.0 427.9 471.8 608.1 



Livestock & products 716.6 803.5 652.1 747.3 



Government payments 239.6 220.9 344.5 352.3 



Other farm related income ^ 14.0 17.2 13.7 16.8 



Noncash Income 161.6 143.2 129.7 109.1 



Value of home consumption 16.9 15.6 13.0 12.6 



Rental value of dwellings 144.7 127.6 116.7 96.5 



Value of Inventory Adjustment (162.6) (340.3) 159.3 24.8 



TOTAL PRODUCTION EXPENSES 2 1,736.9 1,543.4 1,508.1 1,499.3 



Intermediate Product Expenses 735.3 696.8 614.3 650.1 



Farm origin 175.9 163.7 158.4 185.3 



Feed purchased 121.1 105.3 91.3 101.9 



Livestock & poultry purchased 32.1 36.3 47.5 63.6 



Seed purchased 22.7 22.1 196 19.8 



Manufactured inputs 279.0 255.0 194.9 199.0 



Fertilzer & lime 85.7 69.2 47.4 51.9 



Pesticides 48.3 50.5 45.4 46.4 



Fuel & oil 123.6 114.0 82.9 76.9 



Electricity 21.5 21.3 19.3 23.7 



Otiier 280.4 278.0 261.0 265.8 



Repairs & maintenance 89.9 89.3 88.7 89.9 



Other miscellaneous ■• 190.5 188.7 172.3 176.0 



Interest 421.5 368.6 335.2 304.9 



Real estate 225.4 221.2 204.5 182.0 



Nonreal estate .'.... 196.1 147.4 130.7 122.9 



Contract 8t Hired Labor * 91.9 92.8 93.4 102.1 



Net Rent for Non-Operator Landlord ... 115.0 59.8 138.9 137.2 



Capital Consumption 299.7 244.6 245.8 225.6 



Property Taxes 73.6 80.9 80.5 79.3 



NET FARM INCOME (104.7) (271.1) 262.9 359.1 242.3 



' Details may not add to total because of rounding. 



2 Includes operator dwelling. 



^ Includes forest products sales, recreational income, and other farm business-related income. 



*• Includes machine hire and customwork expenses; marketing, storage, and transportation expenses; and miscellaneous expenses. 



^ Includes contract labor expenses, hired labor wages and social security payments. 



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



