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IOWA FACT SHEET
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Population
Per-capita income
Earnings per job
Poverty rate
Total number of jobs
Unemployment rate
Percent employment change
Farm & farm related jobs
Top export commodities
Farm characteristics
Farm financial indicators
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POPULATION, EMPLOYMENT, AND INCOME
State Metro Nonmetro
Population
1980 2,913,808 1,198,226 1,715,582
1990 2,776,831 1,199,892 1,576,939
Latest(1997) 2,852,423 1,268,255 1,584,168
Per-capita income (1996 dollars)
1995 21,324 23,540 19,568
1996 22,330 24,167 20,866
Change 4.7% 2.7% 6.6%
Earnings per job (1996 dollars)
1995 23,689 26,887 20,700
1996 24,646 27,165 22,270
Change 4.0% 1.0% 7.6%
Poverty rate
1980 10.1 8.9 11.0
1990 11.5 11.1 11.8
Latest(1995-96) 10.9 N/A N/A
Total Number of Jobs
1995 1,790,093 864,682 925,411
1996 1,819,694 883,157 936,537
Unemployment Rate
1996 3.8 3.4 4.1
1997 3.3 3.0 3.5
Percent employment change
1994-95 0.0 0.5 -0.4
1995-96 1.8 1.6 1.9
1996-97 -0.5 -0.5 -0.5
Percent of 1995 employment in farm and farm related jobs:
Total 23.2 17.1 29.0
Production 7.5 2.1 12.5
Farm Inputs 1.7 1.2 2.2
Proc. & Mark. 3.9 3.1 4.6
Whol.& Retail 9.7 10.3 9.2
FARM CHARACTERISTICS
1992 Census of Agriculture
TOTAL LAND AREA (million acres) 35.8
TOTAL FARMLAND (million acres) 31.3
of total land area 87.7%
CROPLAND (million acres) 27.2
of total farmland 86.8%
irrigated 0.4%
in pasture 8.1%
in Fed. farm program 2.3%
in Conservation Reserve 4.8%
WOODLAND (million acres) 1.3
of total farmland 4.0%
in pasture 55.6%
PASTURELAND (million acres) 1.5
of total farmland 4.7%
OTHER LAND (million acres) 1.4
of total farmland 4.6%
AVERAGE FARM SIZE (acres) 325.0
FARMS BY SIZE
1 to 99 acres 27.4%
100 to 499 acres 51.3%
500 to 999 acres 16.4%
1,000 to 1,999 acres 4.4%
2,000 or more acres 0.5%
FARMS BY SALES
Less than $50,000 49.8%
$50,000 to $99,999 18.2%
$100,000 to $499,999 29.6%
More than $500,000 2.4%
TENURE OF FARMERS
Full owner (farms) 43,541
Percent of total 45.1%
Part owner (farms) 34,720
Percent of total 36.0%
Tenant (farms) 18,282
Percent of total 18.9%
FARM ORGANIZATION
Individuals/family corporations (farms) 85,679
Percent of total 88.8%
Partnerships (farms) 10,028
Percent of total 10.4%
Non-family corporations (farms) 372
Percent of total 0.4%
Others (farms) 464
Percent of total 0.5%
Avg. Operator Age (yrs.) 50
Perc. w/ farming as their 69.3%
principal occupation
FARM FINANCIAL INDICATORS
Farm Income and Balance Sheet Statement
Year 1995 1996
Number of farms 100,000 98,000
Million $
Final crop output 5,802.9 7,910.5
+ Final animal output 4,919.9 5,343.8
+ Services and forestry 710.6 714.4
= Final agricultural sector output 11,433.4 13,968.6
- Intermediate consumption outlays 5,799.4 5,967.9
+ Net government transactions 240.8 (41.9)
= Gross value added 5,874.8 7,958.7
- Capital consumption 1,181.2 1,168.0
= NET VALUE ADDED 4,693.6 6,790.7
- Factor payments 2,507.5 2,821.7
Employee compensation (total hired labor) 267.7 260.7
Net rent received by nonoperator landlords 1,312.3 1,599.8
Real estate and nonreal estate interest 927.4 961.2
= NET FARM INCOME 2,186.1 3,969.0
Farm Balance Sheet as of December 31: 1995 1996
FARM ASSETS 59,365.7 63,828.3
Real estate 44,098.9 48,013.3
Nonreal estate 15,266.8 15,815.0
FARM DEBT 10,943.1 11,641.7
Real estate 6,202.5 6,503.3
Nonreal estate 4,740.6 5,138.4
EQUITY 48,422.6 52,186.6
RATIOS Percent
Debt/equity 22.6 22.3
Debt/assets 18.4 18.2
TOP 5 AGRICULTURE COMMODITIES, 1996
% of State Tot. % of US
Commodity Farm Receipts Tot.Val.
1. Corn 33.3 19.8
2. Hogs 23.3 23.7
3. Soybean 22.5 17.8
4. Cattle and calves 11.3 4.6
5. Dairy products 4.2 2.3
All Commodities 6.4
TOP 5 AGRICULTURE EXPORTS, ESTIMATES, FY 1997
Rank Among
States Value
Commodity
Million $
1. Soybeans and products 1 1,615.0
2. Feed grains and products 1 1,504.0
3. Live animals and meat exc. poultry 4 482.1
4. Other 7 167.1
5. Feeds and fodders 4 126.8
Overall 2 4,145.9
TOP 5 COUNTIES IN AGRICULTURAL SALES 1992
Percent of State's
Total Receipts Million $
1. SIOUX 4.2% 422.0
2. PLYMOUTH 2.2% 221.2
3. CARROLL 1.9% 196.0
4. KOSSUTH 1.9% 190.1
5. DUBUQUE 1.8% 184.9
State Total 10,099.8
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