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New York farmers break yearly sales record by $1 billion

Posted 12/24/14

New York farmers set a sales record last year that was more than a billion dollars higher than the total from just three years earlier. Agricultural sales in New York in 2013 were $5.68 billion in …

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New York farmers break yearly sales record by $1 billion

Posted

New York farmers set a sales record last year that was more than a billion dollars higher than the total from just three years earlier.

Agricultural sales in New York in 2013 were $5.68 billion in cash receipts, compared with $4,644,950,000 in 2010.

According to newly-released federal data, the cash receipts, which are defined as the gross income from sales of crops, livestock, and other products, have been the highest on record from 2011 to 2013:

New York Farm Income:

• 2010: $4,644,950,000; dairy $2,206,494

• 2011: $5,437,633,000; dairy $2,740,484

• 2012: $5,471,639,000; dairy $2,552,652

• 2013: $5,677,561,000; dairy $2,847,584

A study conducted by Cornell Professor Todd Schmit indicates that New York’s agricultural sector has a strong multiplier effect on the state’s economy. For every dollar spent in agricultural output, an additional 43¢ is generated for non-agricultural industries. In addition, every new job created within agriculture leads to the creation of 80¢ in non-agricultural economic activity.