Bureau of Business Research
Date of this Version
1967
Abstract
Nebraska's Changing Farms (Howard W. Ottoson and Glen J. Vollmar)
Farm production is a major contributor to Nebraska's economy. Cash receipts from sales by producers of crop, livestock, and poultry products averaged 1,365 million dollars per year for the five year period 1962-1966. Nebraska farmers had average expenses of 1,167 million dollars a year during the same period for fuel, seeds, fertilizer, interest, taxes, and other production expenses. The investment in land, buildings, machinery, and irrigation systems is also sizeable. The 1964 Census of Agriculture reports the value of land and buildings on large farms in the state at $5.2 billion.
Business Summary (E. L. Burgess)
June's dollar volume of business in Nebraska was down 1.8% from June, 1966 and down 0.8% from May, 1967. The U.S. dollar volume was up 7.6% from June, 1966 and up 3.0% from May, 1967. They physical volume for Nebraska remained steady showing only a 0.4% increase from year-ago while the U.S. increased 4.6% in the same period. The physical volume for both Nebraska and the U.S. increased 1.5% from May, 1967. Construction activity and retail sales were the only two indicators in Nebraska declining from year-ago levels. For this same period the U.S. showed declines in construction activity and newspaper advertising.
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Published in University of Nebraska News (1967) 47(5): 6 pages.