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Regional Economic Information System (REIS)
- REIS Table CA45 Farm Income & Expenses for Virginia [51000]
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Summary Characteristics
The population of Virginia changed from 8,023,699 (2010) to 8,535,519 (2019). a change of 511,820 (0.06%). The per capita personal income (PCPI) changed from $45,495 (2010) to $59,657 (2019), a change of $14,162 (31.13%).

Table CA45 presented below is focused on Farm Income and Expendtures.

The table presents data for 2010, 2019, change 2010 to 2019 and percent change 2010 to 2019. The 2019 data are the most recent data based on Bureau of Economic Analysis estimates available annually from 1969 through 2019, with some exceptions. These data update in December 2021. ProximityOne develops annual estimates and projections to 2030. Using the REIS software any selection of years is available for 2001 though 2030.

Table cells with special characters (# or * or -) indicate data for this area and time period are not available. See footnotes at bottom of table for details. These values can be optionally imputed by the REIS software.

REIS Farm Income & Expenditures for Virginia 201020192010-19
    Cash receipts from marketings (thousands of dollars) 3,128,1893,611,239483,05015.4
      Cash receipts: Livestock & products 2,131,4902,322,907191,4179.0
      Cash receipts: Crops 996,6991,288,332291,63329.3
    Other income 528,425727,113198,68837.6
    Government payments 110,853145,23034,37731.0
      Imputed & miscellaneous income received 1/ 417,572581,883164,31139.3
  Production expenses 3,378,4204,193,261814,84124.1
      Feed purchased 649,677862,856213,17932.8
    Livestock purchased 276,778384,679107,90139.0
      Seed purchased 113,912162,69148,77942.8
    Fertilizer & lime (incl. ag. chemicals 1978-fwd.) 272,590323,92151,33118.8
    Petroleum products purchased 162,264141,006-21,258-13.1
      Hired farm labor expenses 2/ 308,069325,38817,3195.6
      All other production expenses 3/ 1,595,1301,992,720397,59024.9
      Value of inventory change -184,059-34,008150,051-81.5
      Value of inventory change: livestock -6,0023,8579,859-164.3
      Value of inventory change: crops -176,749-38,345138,404-78.3
      Value of inventory change: materials & supplies -1,3084801,788-136.7
    Cash receipts & other income 3,656,6144,338,352681,73818.6
      Less: Production expenses 3,378,4204,193,261814,84124.1
    Equals: Realized net income 278,194145,091-133,103-47.8
      Plus: Value of inventory change -184,059-34,008150,051-81.5
    Equals: Net income including corporate farms 94,135111,08316,94818.0
      Less: Net income of corporate farms 17,73510,967-6,768-38.2
      Plus: Statistical adjustment 033-
    Equals: Farm proprietors' income 76,400100,11923,71931.0
      Plus: Farm wages & salaries 233,550223,053-10,497-4.5
      Plus: Farm supplements to wages & salaries 43,19648,0444,84811.2
    Equals: Farm earnings 353,146371,21618,0705.1
1/ Consists of the value of home consumption and other farm related income components, such as machine hire and custom work income and income from forest products (1978 to present).
2/ Consists of hired workers' cash pay and perquisites, employers' contributions for social security and Medicare, and payments for contract labor, machine hire, and custom work.
3/ Consists of repair and operation of machinery; depreciation, interest, rent and taxes; and other miscellaneous expenses including agricultural chemicals (1969-77).

All dollar estimates are in current dollars (not adjusted for inflation).
Missing data cell values:
*  Not shown to avoid disclosure of confidential information. Estimates for item are included in totals.
#  Less than $50,000. Estimates for item are included in totals.
-  Data not available for this year.

Source: ProximityOne, Bureau of Economic Analysis, Bureau of the Census, Bureau of Labor Statistics