1993 Montana Agr[culturai. Statistics 



Economic 19 



GROSS and NET INCOME FROM FARMING: Montana, 1988-1992 



ITEM 1988 1989 1990 1991 1992 



--Million Dollars- 



GROSS FARM INCOME ^ 1,737.2 2,183.2 2,091.4 2,207.8 2,085.1 



Cash Income 1,840.5 1,900.8 2,014.2 1,893.4 



Farm marketing 1,401.4 1553.0 1653.4 1,514.4 



Crops 585.2 623.7 765.2 704.4 



Livestock & products 816.3 929.3 888.2 810.0 



Government payments 386.7 289.4 299.6 320.1 



Other farm related income ^ 52.3 58.4 61.2 58.9 



Noncash Income 89.5 93.9 96.2 95.3 



Value of home consumption 11.4 11.6 10.9 11.5 



Rental value of dwellings 78.1 82.2 85.3 83.8 



Value OF Inventory Adjustment (192.8) 188.5 (19.0) 219.1 



TOTAL PRODUCTION EXPENSES ^ 1,550.5 1,659.3 1,682.0 1,631.2 



Intermediate Product Expenses 766.6 822.9 849.1 830.6 



Farm origin 227.5 235.1 229.4 216.4 



Feed purchased 130.4 127.8 116.1 100.8 



Livestock & poultry purchased 63.0 70.3 75.1 72.3 



Seed purchased 34.2 37.1 38.2 43.3 



Manufactured inputs 244.6 251.9 267.1 267.1 



Fenil/er & lime 81.2 79.9 77.8 77.2 



Pesticides 51.6 57.6 56.5 60.5 



Fuel & oil 87.0 86.6 105.6 102.0 



Electricity 24.8 27.7 27.2 27.4 



Other 294.4 335.9 352.6 347.0 



Repairs & maintenance 112.5 121.4 117.3 ' 113.8 



Other miscellaneous '^' 181.9 214.4 235.3 233.3 



Interest 268.1 247.9 238.1 218.0 



Real estate 165.8 151.9 142.7 128.9 



Nonreal estate 102.3 96.0 95.4 89.1 



Contract & Hired Ubor ^' 95.5 99.7 11 1 .5 104.6 



Net Rent FOR Non-Operator Landix)RD 93.9 150.7 136.6 131.5 



Capital Consumption 246.6 255.8 258.3 259.6 



Property Taxes 79.8 82.3 88.4 87.0 



NET FARM INCOME 186.7 523.8 409.4 576.5 462.5 



y 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 cxpen.scs; markciing, storage, and transportation expen.ses; 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. 



