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New Jersey Economy

Agriculture

In terms of revenue generated New Jersey's top five agricultural products are greenhouse and nursery products, horses/mules, blueberries, dairy products, and chicken eggs.

Livestock

The most valuable livestock products raised in New Jersey are horses making up about 12% of the state's total agricultural receipts.

Dairy products (milk) and chicken eggs are important and, to a lesser degree, so are beef cattle and calves.

Crops

The most important source of agricultural income in New Jersey is from the greenhouse and nursery products sector. Roses, chrysanthemums, geraniums, lilies, orchids and poinsettias are all grown for the urban markets. Nursery products include grass sod and ornamental shrubs (arborvitae, holly, juniper).

New Jersey is a major producer of asparagus, bell peppers, eggplant, endive, lettuce and spinach. Cabbages, snap peas and corn are also raised.

The state's most valuable fruit crops are blueberries and cranberries. New Jersey is a leading producer. Apples, peaches and strawberries are also important New Jersey crops.

Leading field crops are soybeans, corn and wheat.

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Manufacturing

Manufacturers add value to raw products by creating manufactured items. For example, cotton cloth becomes more valuable than a boll of cotton through manufacturing processes.

One of the leading states in the production of chemicals. Pharmaceuticals are, by far, the largest sector of this market with leading pharmaceutical companies headquartered in New Jersey. Other important products fall into the personal care category (shampoos, lotions, perfumes). Detergents, industrial chemicals, paint and plastics resins are also manufactured in New Jersey.

The second-ranking manufacturing area is the food processing (bakery products, beverages, fruits, meats, roasted coffee, sugar and confectionery products, vegetables) sector.

The manufacture of computer and electronic products (wireless and broadcast communications equipment, electronic components, surveillance and navigation equipment.) ranks third.

Mining

New Jersey's most important mined products are crushed stone (traprock, granite)and sand and gravel.

Some greensand marl and peat are produced as well.

Fishing

New Jersey is a leader in the value of their clam catch with huge clam beds available to them off their Atlantic coast.

Other ocean products include blue crab, flounder, lobster, mackerel, menhaden, porgies, scallops, squid, swordfish and whiting.

Services

Finance, insurance and real estate combine to make up New Jersey's most important services sector. Commercial real estate (office buildings, factories) and insurance (large insurance company headquarters) are leading sectors.

Community, business (private health care, hotels and casinos, private research laboratories) and personal services rank second in the Garden State. Other businesses are computer programming and management consulting.

Ranking third is the wholesale (leading center for wholesale trade of chemicals and machinery) and retail (discount stores, service stations) trade group.

Sources

Paul G. E. Clemens and Robert M. Hordon, "New Jersey," World Book Online Americas Edition, http://www.worldbookonline.com/wbol/wbPage/na/ar/co/388680, August 15, 2001.

U.S. Department of Agriculture: National Agricultural Statistics Service, "New Jersey State Agriculture Overview, 2004", 3 January 2006, <http://www.nass.usda.gov/Statistics_by_State/Ag_Overview/AgOverview_NJ.pdf> (12 January 2006)

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