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MINNESOTA 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 4,075,970 2,673,915 1,402,055
1990 4,375,665 3,011,460 1,364,205
Latest(1997) 4,685,549 3,273,587 1,411,962
Per-capita income (1996 dollars)
1995 24,673 27,146 19,010
1996 25,699 28,098 20,178
Change 4.2% 3.5% 6.1%
Earnings per job (1996 dollars)
1995 27,823 30,651 20,131
1996 28,816 31,495 21,519
Change 3.6% 2.8% 6.9%
Poverty rate
1980 9.5 7.4 13.4
1990 10.2 8.8 13.3
Latest(1995-96) 9.5 N/A N/A
Total Number of Jobs
1995 3,026,213 2,212,650 813,563
1996 3,083,687 2,255,514 828,173
Unemployment Rate
1996 4.0 3.4 5.6
1997 3.3 2.7 4.7
Percent employment change
1994-95 1.4 1.7 0.6
1995-96 -0.0 -0.1 0.2
1996-97 1.5 1.8 0.8
Percent of 1995 employment in farm and farm related jobs:
Total 16.0 12.2 26.4
Production 3.9 1.4 10.8
Farm Inputs 0.6 0.3 1.5
Proc. & Mark. 1.9 1.1 4.0
Whol.& Retail 9.2 9.0 9.7
FARM CHARACTERISTICS
1992 Census of Agriculture
TOTAL LAND AREA (million acres) 51.0
TOTAL FARMLAND (million acres) 25.7
of total land area 50.4%
CROPLAND (million acres) 21.4
of total farmland 83.3%
irrigated 1.7%
in pasture 4.9%
in Fed. farm program 2.0%
in Conservation Reserve 4.2%
WOODLAND (million acres) 1.9
of total farmland 7.6%
in pasture 41.8%
PASTURELAND (million acres) 1.0
of total farmland 3.8%
OTHER LAND (million acres) 1.4
of total farmland 5.3%
AVERAGE FARM SIZE (acres) 342.0
FARMS BY SIZE
1 to 99 acres 27.4%
100 to 499 acres 52.3%
500 to 999 acres 14.0%
1,000 to 1,999 acres 5.2%
2,000 or more acres 1.2%
FARMS BY SALES
Less than $50,000 57.9%
$50,000 to $99,999 16.6%
$100,000 to $499,999 23.7%
More than $500,000 1.8%
TENURE OF FARMERS
Full owner (farms) 38,301
Percent of total 51.0%
Part owner (farms) 28,364
Percent of total 37.8%
Tenant (farms) 8,414
Percent of total 11.2%
FARM ORGANIZATION
Individuals/family corporations (farms) 67,888
Percent of total 90.4%
Partnerships (farms) 6,800
Percent of total 9.1%
Non-family corporations (farms) 162
Percent of total 0.2%
Others (farms) 229
Percent of total 0.3%
Avg. Operator Age (yrs.) 50
Perc. w/ farming as their 68.0%
principal occupation
FARM FINANCIAL INDICATORS
Farm Income and Balance Sheet Statement
Year 1995 1996
Number of farms 87,000 87,000
Million $
Final crop output 3,715.8 4,756.5
+ Final animal output 3,534.7 4,086.6
+ Services and forestry 667.8 708.1
= Final agricultural sector output 7,918.3 9,551.3
- Intermediate consumption outlays 4,699.7 4,821.9
+ Net government transactions 142.8 21.3
= Gross value added 3,361.4 4,750.8
- Capital consumption 985.7 981.9
= NET VALUE ADDED 2,375.7 3,768.9
- Factor payments 1,317.7 1,526.0
Employee compensation (total hired labor) 334.8 387.7
Net rent received by nonoperator landlords 313.2 442.3
Real estate and nonreal estate interest 669.8 696.0
= NET FARM INCOME 1,058.0 2,242.9
Farm Balance Sheet as of December 31: 1995 1996
FARM ASSETS 38,025.5 39,731.1
Real estate 25,246.1 26,901.6
Nonreal estate 12,779.4 12,829.6
FARM DEBT 7,707.0 8,104.2
Real estate 3,890.7 4,017.1
Nonreal estate 3,816.3 4,087.1
EQUITY 30,318.5 31,626.9
RATIOS Percent
Debt/equity 25.4 25.6
Debt/assets 20.3 20.4
TOP 5 AGRICULTURE COMMODITIES, 1996
% of State Tot. % of US
Commodity Farm Receipts Tot.Val.
1. Corn 19.3 7.9
2. Soybean 18.3 9.9
3. Dairy products 15.4 5.9
4. Hogs 12.6 8.8
5. Cattle and calves 10.5 2.9
All Commodities 4.4
TOP 5 AGRICULTURE EXPORTS, ESTIMATES, FY 1997
Rank Among
States Value
Commodity
Million $
1. Soybeans and products 3 870.8
2. Feed grains and products 4 783.5
3. Live animals and meat exc. poultry 7 202.9
4. Vegetables and preps. 5 168.6
5. Wheat and products 16 120.9
Overall 7 2,610.5
TOP 5 COUNTIES IN AGRICULTURAL SALES 1992
Percent of State's
Total Receipts Million $
1. STEARNS 4.2% 269.0
2. POLK 3.0% 196.8
3. RENVILLE 2.9% 188.8
4. KANDIYOHI 2.9% 186.2
5. OTTER TAIL 2.6% 170.7
State Total 6,477.0
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