Indiana State Department of Agriculture
Agriculture is the key to Indiana’s economic foundation. It adds $25 billion to Indiana’s economy from farm, food and forestry products. Indiana agriculture has a dramatic $10 billion multiplier effect on local economies, which ends up as a ripple effect. For every dollar in direct wages and income from farm, food and forest workers, more than 2.5 times that amount flows into a local economy.
More than 16 percent of Indiana’s workforce is connected to agriculture, with 573,874 Hoosiers employed by farms. Out of almost 59,000 farms, two-thirds grow crops and one-third raise livestock.
Indiana is ranked 10th in national total agricultural production and is also in the top five for crop production, especially corn and soybeans.
Livestock also plays a large part of Indiana agriculture. It is ranked fifth in swine production, third in poultry.
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Top 5 agriculture commodities, 2007
|
|
|
Value of receipts
thousand $
|
Percent of state total
farm receipts
|
Percent of US value
|
|
1. Corn
|
2,713,699
|
34.9
|
8.0
|
|
2. Soybeans
|
1,861,933
|
23.9
|
8.8
|
|
3. Hogs
|
777,421
|
10.0
|
5.3
|
|
4. Dairy products
|
659,162
|
8.5
|
1.9
|
|
5. Chicken eggs
|
422,640
|
5.4
|
6.3
|
|
|
|
All commodities
|
7,775,741
|
|
2.7
|
|
Farm income and value added data
|
|
|
2006
|
2007
|
|
|
|
Number of farms
|
59,000
|
58,800
|
|
|
|
|
Thousands $
|
|
Final crop output
|
3,907,717
|
5,210,462
|
|
+ Final animal output
|
2,054,399
|
2,573,155
|
|
+ Services and forestry
|
917,985
|
1,079,101
|
|
= Final agricultural sector output
|
6,880,101
|
8,862,718
|
|
|
|
- Intermediate consumption outlays
|
3,411,992
|
4,270,252
|
|
+ Net government transactions
|
214,254
|
-41,394
|
|
= Gross value added
|
3,682,363
|
4,551,073
|
|
|
|
- Capital consumption
|
891,231
|
920,698
|
|
|
|
= Net value added
|
2,791,132
|
3,630,375
|
|
|
|
- Factor payments
|
1,309,464
|
1,315,788
|
|
Employee compensation (total hired labor)
|
295,923
|
312,518
|
|
Net rent received by nonoperator landlords
|
554,656
|
509,257
|
|
Real estate and nonreal estate interest
|
458,885
|
494,013
|
|
|
|
= Net farm income
|
1,481,668
|
2,314,587
|
http://www.ers.usda.gov/StateFacts/IN.HTM
http://www.in.gov/isda/