Thursday, December 17, 2015

New York Ag Receipts Outpace National Averages

From New York state:

The growth of agricultural sales in New York outpaced the national average, with cash receipts up 36 percent across the state and only 32 percent nationally. 

In 2014, farmers in New York state also set a new record for sales with $6.36 billion in cash receipts, up from $4.7 billion in 2010, representing a nearly $1.7 billion increase in gross income from sales of crops, livestock and other products.

New York has seen a surge in average gross income and a significant increase in sales of many of the state’s top commodities. Since 2010, the following commodities have shown the greatest increases:
· Poultry and eggs up 63 percent to $206 million; · Peaches up 80 percent to $12.6 million; · Honey production up 59 percent to just under $9 million; · Cattle production up 132 percent to $415 million; and · Hay up 173 percent to $147 million.
The national estimates for the same commodities for the same period are:
· Poultry and eggs up 39 percent; · Peaches up 2 percent; · Honey production up 38 percent; · Cattle production up 59 percent; and · Hay up 63 percent.
The New York dairy industry also saw record high dairy prices in 2014, constituting about half of the state’s agricultural receipts.

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