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4 Economy
New York City dominates the economy of the state. It is the leading center of banking, finance and communication in the United States and is the location of the New York Stock Exchange (NYSE) on Wall Street, Manhattan. In 1999, the total gross state product was $755 billion, second only to California in the nation. Its 2000 Per Capita Personal Income was $34,547, placing it 4th in the nation. New York's agricultural outputs are dairy products, cattle and other livestock, vegetables, nursery stock, and apples. Its industrial outputs are printing and publishing, scientific instruments, electric equipment, machinery, chemical products, and tourism.
5 Agriculture
New York State is an agricultural leader, ranking within the top five states for a number of products including dairy, apples, cherries, cabbage, potatoes, onions, maple syrup and many other products. The state has about a quarter of its land in farms and produced 3.4 billion dollars in agricultural products in 2001. The south shore of Lake Ontario provides the right mix of soils and microclimate for many apple, cherry, plum, pear and peach orchards. Apples are also grown in the Hudson Valley and near Lake Champlain. The south shore of Lake Erie and the southern Finger Lakes hillsides have many vinyards. The Finger Lakes area is famous for award-winning farm wineries and others.
Dairy farm near Oxford, New York, July 2001
New York was heavily glaciated in the ice age leaving much of the state with deep, fertile, though somewhat rocky soils. Row crops, including hay, corn (also known as maize), wheat, oats, barley, and soybeans, are grown. Particularly in the western part of the state, sweet corn, peas, carrots, squash, cucumbers and other vegetables are grown. The Hudson and Mohawk valleys are known for pumpkins and blueberries. The glaciers also left numerous swampy areas, which have been drained for the rich humus soils called muckland which is mostly used for onions, potatoes, celery and other vegetables. Dairy farms are present throughout much of the state. Cheese is a major product, often produced by Amish or Mennonite farm cheeseries. New York is rich in nectar-producing plants and is a major honey-producing state. The honeybees are also used for pollination of fruits and vegetables. Most commercial beekeepers are migratory, taking their hives to southern states for the winter. Most cities have Farmers' markets which are well supplied by local truck farmers.
