Use of Cattle Ranching's Other Property Income
I would like to use a county's 2012 Other Property Income data in Sector 11 - Cattle Ranching and Farming as an estimate of the net returns to cattle production for the county. Am I correct in saying that this Other Property Income is the calf and cattle sales minus the cost of goods and services purchased that year by the cow-calf industry where the costs also include labor and proprietor's income? If not, what does this Other Property Income represent for a cattle ranching operation?
Hi Helen, You're interpretation is generally correct, it is important to note however that the Indirect Business Tax (also called Taxes on Production & Imports) are part of the expenditures of the Industry in addition to those you have listed. One other thing to note is that while the OPI is generated by the local economy that doesn't necessarily mean that it all stays in the county. It sounds from your post like you are just trying to describe OPI, so this will hopefully address you question, if not, please let us know. You would need to know how it was spent to Model it, although from your post it sounds as if you aren't trying to Model it but trying to use the data to make a statement about the Industry. Thanks!
Hi Helen, Please see the following two articles to help you to answer your question. https://implan.com/index.php?option=com_content&view=article&id=469 https://implan.com/index.php?option=com_content&view=article&id=468 Hopefully this information will be helpful and unfortunately there is no way to see the Capital Expenditures within a specific Industry in the data. Thanks!
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