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A Typical Farmer
* If farm statistics were distributed evenly over all of the Comonwealth (which, of course, they aren’t), here’s what a typical Virginia farm and farmer would look like:
• He or she is approximately 56 years old.
• Their farm covers 198 acres and is worth an average of $270,000.
• After production expenses, net income is $10,600, including government payments and miscellaneous income.
• Farm machinery and equipment are worth approximately $32,000.
• An acre of farm land is worth approximately $1,363.
• Expenses rum approximately $117 per day, seven days a week, compared with daily expenses of $102 per day two years ago.
• He or she generates $53,000 in gross farm income, with government payments accounting for only one percent of this total. Most of that income is spent in Virginia to cover production expenses, which are almost $43,000 (1991 figures).
• Total farm gross income amounts to $2.4 million (1991).
• The producer receives four cents for a one-pound loaf of white bread selling for 70 cents in the supermarket (1989).
• For one pound of choice beef, retailing for $2.81, the producer receives $1.68.
• Broiler chicken producers receive 51 cents of the average retail price of 90 cents per pound of frying chickens.
• A half-gallon of milk retailing for $1.42 returns to the producer
93.0%