1 992 Montana Agricultural Statistics 



Economic 19 



GROSS and NET INCOME FROM FARMING: Montana, 1987-1991 



ITEM 1987 1988 1989 1990 



--Million Dollars- 



G ROSS FARM INCOME ^ 1,867.7 1,733.4 2,181.6 2,085.0 



Cash Income 1,816.0 1,839.3 1,901.6 2,010.9 



Farm marketing 1,414.4 1,401.4 1,553.0 1,654.1 



Crops 649.7 585.2 623.7 766.0 



Ijveslock 8. products 764.7 816.3 929.3 888.2 



Govemmcnl payments 352.3 386.7 289.4 299.6 



Other farm related Income ^^ 49.3 51.2 59.2 57.1 



Noncash Income 80.2 86.9 91.5 95.4 



Value of home consumption 11.7 11.4 11.6 10.9 



Rental value of dwellings 68.5 75.5 79.9 84.5 



Value of Inventory Adjustment (28.5) (192.8) 188.5 (21.2) 



TOTAL PRODUCTION EXPENSES ^ 1,533.1 1,547.2 1,679.3 1,719.7 



Intermediate Product Expenses 746.1 768.5 830.1 860.3 



Farm origin 207.4 229.4 242.6 244.9 



Feed purchased 117.1 138.2 142.5 139.8 



Livestock & poultry purchased 62.8 63.0 70.3 75.1 



Seed purchased 27.4 28.2 29.9 30.1 



Manufactured inputs 247.3 251.2 267.0 287.3 



Fertilzer & lime 74.3 76.8 80.3 80.3 



Pesticides 60.6 61.4 73.0 76.7 



Fuel & oil 89.8 88.8 87.0 104.3 



Electricity 22.7 24.1 26.7 26.1 



Other 291.4 287.9 320.5 328.0 



Repairs & maintenance 101.7 104.1 115.7 112.9 



Other miscellaneous '•'' 189.8 183.8 204.9 215.0 



iNTtREST 295.2 273.5 258.2 253.5 



Real estate 182.4 169.5 158.8 152.7 



Nonreal estate 112.9 104.0 99.4 100.8 



Contract & Hired Labor ^ 89.3 93.9 100.1 1 12.9 



Net Rent for Non-Operator Landlord 86.4 90.0 156.8 141.6 



Capital Consumption 242.0 246.1 254.7 256.1 



Property Taxes 74.1 75.2 79.4 95.3 



NET FARM INCOME 334.6 186.2 502.3 365.4 



'^ Details may not add to total because of rounding. 



^ Includes operator dwelling. 



^ Includes forest products sales, custom feeding services, 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. 



1991 



2,225.7 



1,906.6 



1,531.2 



740.7 



790.4 



320.1 



S5.3 



94.0 

 11.5 

 82.S 



225.1 



1,710.3 



852.1 



236.4 



131.6 



71.4 



33.4 



290.3 



80.0 



84.7 



99.4 



26.1 



325.5 



108.6 



216.9 



242.6 



146.9 



95.6 



112.8 

 144.1 

 255.6 

 103.1 



515.4 



