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VIRGINIA 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 5,346,797 3,965,932 1,380,865
1990 6,189,197 4,775,189 1,414,008
Latest(1997) 6,733,996 5,250,871 1,483,125
Per-capita income (1996 dollars)
1995 24,865 26,803 18,093
1996 25,255 27,230 18,317
Change 1.6% 1.6% 1.2%
Earnings per job (1996 dollars)
1995 28,468 30,017 21,690
1996 28,703 30,306 21,606
Change 0.8% 1.0% -0.4%
Poverty rate
1980 11.8 10.6 15.4
1990 10.2 8.7 15.3
Latest(1995-96) 11.3 N/A N/A
Total Number of Jobs
1995 3,933,679 3,202,256 731,423
1996 4,006,489 3,268,093 738,396
Unemployment Rate
1996 4.4 3.8 6.8
1997 4.0 3.5 5.7
Percent employment change
1994-95 2.5 2.7 2.0
1995-96 -2.9 -2.7 -3.6
1996-97 1.1 1.1 0.9
Percent of 1995 employment in farm and farm related jobs:
Total 14.6 12.5 24.2
Production 2.0 1.0 6.3
Farm Inputs 0.2 0.1 0.5
Proc. & Mark. 2.6 1.6 7.5
Whol.& Retail 9.4 9.5 9.2
FARM CHARACTERISTICS
1992 Census of Agriculture
TOTAL LAND AREA (million acres) 24.9
TOTAL FARMLAND (million acres) 8.3
of total land area 33.3%
CROPLAND (million acres) 4.3
of total farmland 52.0%
irrigated 1.4%
in pasture 35.4%
in Fed. farm program 0.5%
in Conservation Reserve 1.4%
WOODLAND (million acres) 2.6
of total farmland 31.3%
in pasture 25.4%
PASTURELAND (million acres) 1.1
of total farmland 13.3%
OTHER LAND (million acres) 0.3
of total farmland 3.4%
AVERAGE FARM SIZE (acres) 197.0
FARMS BY SIZE
1 to 99 acres 52.5%
100 to 499 acres 38.5%
500 to 999 acres 6.0%
1,000 to 1,999 acres 2.3%
2,000 or more acres 0.7%
FARMS BY SALES
Less than $50,000 85.4%
$50,000 to $99,999 4.6%
$100,000 to $499,999 8.2%
More than $500,000 1.8%
TENURE OF FARMERS
Full owner (farms) 26,492
Percent of total 62.7%
Part owner (farms) 12,599
Percent of total 29.8%
Tenant (farms) 3,131
Percent of total 7.4%
FARM ORGANIZATION
Individuals/family corporations (farms) 38,026
Percent of total 90.1%
Partnerships (farms) 3,786
Percent of total 9.0%
Non-family corporations (farms) 167
Percent of total 0.4%
Others (farms) 243
Percent of total 0.6%
Avg. Operator Age (yrs.) 56
Perc. w/ farming as their 46.4%
principal occupation
FARM FINANCIAL INDICATORS
Farm Income and Balance Sheet Statement
Year 1995 1996
Number of farms 47,000 48,000
Million $
Final crop output 864.0 897.1
+ Final animal output 1,426.8 1,499.0
+ Services and forestry 326.9 360.4
= Final agricultural sector output 2,617.7 2,756.5
- Intermediate consumption outlays 1,252.3 1,380.8
+ Net government transactions (57.8) (55.2)
= Gross value added 1,307.7 1,320.6
- Capital consumption 349.8 357.3
= NET VALUE ADDED 957.9 963.2
- Factor payments 384.3 395.3
Employee compensation (total hired labor) 177.5 180.4
Net rent received by nonoperator landlords 53.5 57.9
Real estate and nonreal estate interest 153.2 157.1
= NET FARM INCOME 573.6 567.9
Farm Balance Sheet as of December 31: 1995 1996
FARM ASSETS 17,648.9 18,532.9
Real estate 14,203.6 14,804.2
Nonreal estate 3,445.2 3,728.7
FARM DEBT 1,841.5 1,817.2
Real estate 1,166.5 1,127.0
Nonreal estate 674.9 690.2
EQUITY 15,807.4 16,715.7
RATIOS Percent
Debt/equity 11.7 10.9
Debt/assets 10.4 9.8
TOP 5 AGRICULTURE COMMODITIES, 1996
% of State Tot. % of US
Commodity Farm Receipts Tot.Val.
1. Broilers 19.6 3.3
2. Dairy products 12.1 1.2
3. Cattle and calves 8.8 0.6
4. Turkeys 8.5 6.6
5. Tobacco 7.9 6.7
All Commodities 1.2
TOP 5 AGRICULTURE EXPORTS, ESTIMATES, FY 1997
Rank Among
States Value
Commodity
Million $
1. Tobacco unmfd. 5 110.0
2. Poultry and products 8 109.6
3. Live animals and meat exc. poultry 16 77.5
4. Soybeans and products 20 63.4
5. Wheat and products 23 53.2
Overall 29 520.3
TOP 5 COUNTIES IN AGRICULTURAL SALES 1992
Percent of State's
Total Receipts Million $
1. ROCKINGHAM 18.1% 371.0
2. AUGUSTA 5.4% 111.1
3. ACCOMACK 3.5% 71.8
4. PAGE 3.4% 70.4
5. SOUTHAMPTON 2.7% 56.1
State Total 2,056.0
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