The newly updated Ohio Farm Income Report for 2003 has been completed and is available online through the OSU Department of Agricultural, Environmental and Development Economics (AEDE) website at http://aede.osu.edu/ (Navigate through Info Resources, Publications, AED Economics Report Series or go directly to the Report at:
http://aede.osu.edu/resources/docs/pdf/RJ1TRSUQ-2HZ8-M86M-V3MQTO2XW3O25W8H.pdf
This report summarizes farm cash receipts for Ohio for various commodities for 2002 and 2003. Data is also summarized for commodities by county for 2002 and 2003 and ranks commodity receipts for each individual county to show relative importance of a commodity to a county’s overall farm receipts. Report authors include Dr Alan Randall, Department Chair, and Shu-Ling Chen, Student Assistant, AEDE and James Ramey and Wayne Matthews of the National Ag Statistics Service (NASS). Their summary of Ohio Farm Receipts for 2003 follows in edited form.
Cash receipts during 2003, from Ohio ‘s livestock, livestock products, and crops totaled $4.66 billion , 6.6 more than the $4.37 billion in 2002. Cash receipts from all crops in 2003 were up 4 percent from 2002. Cash receipts from livestock in 2003 were 11.1 percent in 2002 cash receipts from livestock. The 2003 value of cash receipts for crops, at $2.85 billion, was 4 percent higher than 2002 and the highest since the 1998 value of $3.06 billion. However, the 2003 crop value for cash receipts was, 15.4 percent below the record high value of $3.37 billion set in 1997. The percentage of total farm marketings attributable to crops in 2003 was 61.2 percent, 1.5 points below the revised 2002 data.
The 2003 cash receipts for livestock and livestock products totaled $1.81 billion, up 11.1 percent from the 2002 value but 7.7 percent below the record set in 1996. The percentage of total farm marketings earned by livestock and livestock products was 38.8 percent, 1.5 points more than the revised 2002 cash receipts value.
Government payments for 2003 totaled $398.8 million, 42.9 percent above the 2002 value of $279.0 million. Government payments represent 7.9 percent of the grand total for cash receipts. (All cash receipts plus government payments).
Agriculture in Ohio made a net value added contribution of $2.58 billion to the National economy in 2003, up 73.6 percent from 2002. The final agricultural sector output, at $6.01 billion, was up 22.7 percent from 2002. Purchased inputs totaled $2.80 billion, up 6.5 percent from last year. Capital consumption at $811.4 million was down slightly from 2002, while payments to stakeholders at $1.11 billion were up 15.8 percent.
The top five commodities in terms of cash receipts earned were soybeans with $983.6 million and 21.1 percent of total receipts; corn with $722.1 million and 15.5 percent of total receipts; wholesale milk with $584.3 million and 12.5 percent of total receipts; greenhouse and nursery with $551.7 million and 11.8 percent of total receipts; and poultry and eggs with $536.2 million and 11.5 percent of total cash receipts. The commodities ranked sixth through tenth were cattle and calves, hogs, wheat, vegetables, and hay, respectively. The top ten commodities accounted for 95.6 percent of all Ohio cash receipts.
The following ten counties ranked first through tenth, respectively, based on total cash receipts: Mercer, Darke, Wayne , Licking, Putnam, Wood, Holmes, Hardin, Lorain , and Fulton . Wayne county ranked first in milk, and cattle and calves, and oats & hay. Mercer county ranked first in cash receipts for hogs, poultry and other livestock. Darke county was in first place for corn and soybeans. Wood county was first for wheat, and Lorain county ranked number one for other crops.
This year’s report includes publication of revised data by county for 2002 in addition to the 2003 preliminary data. The publication of the revised 2002 data by county permits a better comparison of the two years after the revisions have been made to reflect more complete data.