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NEW JERSEY 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 7,365,011 7,365,011
1990 7,730,188 7,730,188
Latest(1997) 8,052,849 8,052,849
Per-capita income (1996 dollars)
1995 30,699 30,699
1996 31,265 31,265
Change 1.8% 1.8%
Earnings per job (1996 dollars)
1995 36,793 36,793
1996 37,097 37,097
Change 0.8% 0.8%
Poverty rate
1980 9.5 9.5
1990 7.6 7.6
Latest(1995-96) 8.5 N/A N/A
Total Number of Jobs
1995 4,349,250 4,349,250
1996 4,390,785 4,390,785
Unemployment Rate
1996 6.2 6.2
1997 5.1 5.1
Percent employment change
1994-95 1.8 1.8
1995-96 1.9 1.9
1996-97 2.6 2.6
Percent of 1995 employment in farm and farm related jobs:
Total 12.0 12.0
Production 0.5 0.5
Farm Inputs 0.1 0.1
Proc. & Mark. 1.6 1.6
Whol.& Retail 9.3 9.3
FARM CHARACTERISTICS
1992 Census of Agriculture
TOTAL LAND AREA (million acres) 4.7
TOTAL FARMLAND (million acres) 0.8
of total land area 18.0%
CROPLAND (million acres) 0.6
of total farmland 73.6%
irrigated 12.9%
in pasture 11.0%
in Fed. farm program 0.7%
in Conservation Reserve 0.6%
WOODLAND (million acres) 0.1
of total farmland 15.9%
in pasture 10.2%
PASTURELAND (million acres) 0.0
of total farmland 3.6%
OTHER LAND (million acres) 0.1
of total farmland 6.9%
AVERAGE FARM SIZE (acres) 93.0
FARMS BY SIZE
1 to 99 acres 77.4%
100 to 499 acres 18.8%
500 to 999 acres 2.8%
1,000 to 1,999 acres 0.8%
2,000 or more acres 0.2%
FARMS BY SALES
Less than $50,000 82.5%
$50,000 to $99,999 5.8%
$100,000 to $499,999 9.6%
More than $500,000 2.1%
TENURE OF FARMERS
Full owner (farms) 6,541
Percent of total 72.1%
Part owner (farms) 1,685
Percent of total 18.6%
Tenant (farms) 853
Percent of total 9.4%
FARM ORGANIZATION
Individuals/family corporations (farms) 8,261
Percent of total 91.0%
Partnerships (farms) 668
Percent of total 7.4%
Non-family corporations (farms) 72
Percent of total 0.8%
Others (farms) 78
Percent of total 0.9%
Avg. Operator Age (yrs.) 54
Perc. w/ farming as their 46.5%
principal occupation
FARM FINANCIAL INDICATORS
Farm Income and Balance Sheet Statement
Year 1995 1996
Number of farms 9,000 9,200
Million $
Final crop output 570.9 613.7
+ Final animal output 200.5 195.1
+ Services and forestry 131.2 126.9
= Final agricultural sector output 902.5 935.7
- Intermediate consumption outlays 354.3 343.1
+ Net government transactions (43.1) (46.1)
= Gross value added 505.1 546.5
- Capital consumption 94.6 95.1
= NET VALUE ADDED 410.5 451.5
- Factor payments 183.6 190.9
Employee compensation (total hired labor) 132.8 139.1
Net rent received by nonoperator landlords 20.0 19.3
Real estate and nonreal estate interest 30.7 32.4
= NET FARM INCOME 226.9 260.6
Farm Balance Sheet as of December 31: 1995 1996
FARM ASSETS 6,664.9 6,680.6
Real estate 6,012.7 6,026.9
Nonreal estate 652.2 653.6
FARM DEBT 417.6 531.6
Real estate 246.8 369.4
Nonreal estate 170.9 162.2
EQUITY 6,247.3 6,149.0
RATIOS Percent
Debt/equity 6.7 8.6
Debt/assets 6.3 8.0
TOP 5 AGRICULTURE COMMODITIES, 1996
% of State Tot. % of US
Commodity Farm Receipts Tot.Val.
1. Greenhouse and nursery 32.0 2.3
2. Dairy products 5.6 0.2
3. Peaches 4.2 8.8
4. Blueberries 4.1 22.9
5. Chicken eggs 3.6 0.6
All Commodities 0.4
TOP 5 AGRICULTURE EXPORTS, ESTIMATES, FY 1997
Rank Among
States Value
Commodity
Million $
1. Other 12 100.5
2. Vegetables and preps. 20 20.2
3. Soybeans and products 28 17.1
4. Fruits and prep. 12 10.9
5. Dairy products 24 6.5
Overall 36 168.0
TOP 5 COUNTIES IN AGRICULTURAL SALES 1992
Percent of State's
Total Receipts Million $
1. CUMBERLAND 13.7% 73.0
2. BURLINGTON 12.1% 64.6
3. GLOUCESTER 10.2% 54.6
4. SALEM 10.2% 54.4
5. MONMOUTH 9.6% 50.9
State Total 533.0
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