Amber Waves cover, November 2006
Amber Waves: The Economics of Food, Farming, Natural Resources, and Rural America

November 2006

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Statistics Heading
 
Farm, Rural, and Natural Resources Indicators
empty cell

Annual percent change

item

2002

2003

2004

2005

2006

2002-03

2003-04

2004-05

2005-06

Cash receipts ($ billion)

195.0

215.5

237.9

238.9 235.3f 10.5 10.4 0.4 -1.5

Crops

101.0

109.9

114.3 114.0 116.3f

8.8

4.0
-0.3
2.0

Livestock

94.0

105.6

123.6 125.0 119.0f

12.3

17.0
1.1
-4.8

Direct government payments ($ billion)

12.4

16.5

13.0 24.3 18.2f

33.1

-21.2
86.9
-25.1

Gross cash income
($ billion)

222.2

247.8

267.8 280.9 272.3f

11.5

8.1
4.9
-3.1

Net cash income
($ billion)

50.7

70.0

81.5 81.2 63.2f

38.1

16.4
-0.4
-22.2

Net value added
($ billion)

82.2

102.0

128.9 120.4 103.0

24.1

26.4
-6.6
-14.5

Farm equity ($ billion)

1,110.7

1,180.8

1,383.1 1,591.2 1,702.1f

6.3

17.1
15.0
7.0

Farm debt-asset ratio

14.8

14.4

12.7 11.9 11.3

-2.7

-11.8
-6.3
-5.0

Farm household income ($/farm household)

65,761

68,597

81,596 79,961 75,848f

4.3

18.9
-2.0
-5.1

Farm household income relative to average U.S. household income (%)

113.7

116.1

134.8 126.2 na

2.1

16.1
-6.4
na

Nonmetro-metro difference in poverty rates (%points)

2.6

2.1

na 2.3 na

-19.2

na
na
na

Cropland harvested (million acres)

307

315

312 312p na

2.6

-1.0
0.0
na

USDA Conservation Program expenditures
($ billion)1

4.2

4.3

5.1 na na.

2.4

18.6
na
na
Food and Fiber Sector Indicators
empty cell

Annual percent change

item

2002

2003

2004

2005

2006

2002-03

2003-04

2004-05

2005-06

U.S. gross domestic product ($ billion)2

10,470

10,971

11,734 12,487 na

4.8

7.0
6.4
na

Share of GDP in agriculture and related industries (%)2

4.8

4.8

4.8 na na

0.0

0.0
na
na

Share of GDP in agriculture (%)2

0.7

0.8

1.0 na na

11.1

19.2
na
na

Total agricultural imports ($ billion)1

41.0

45.7

52.7 57.7 64.5

11.5

15.3
9.5
11.8

Total agricultural exports ($ billion)1

53.3

56.0

62.4 62.5 68.0

5.1

11.4
0.2
8.8

Export share of the volume of U.S. agricultural production (%)2

22.9

23.3

23.0 22.2p na

1.7

-1.3
-3.5
na

CPI for food
(1982-84=100)

176.2

180.0

186.2 190.7 195.3

2.2

3.4
2.4
2.4

Share of U.S. disposable income spent on food (%)

9.8

9.8

9.7 9.9 na

0.0

-1.0
2.1
na

Share of total food expenditures for at-home consumption (%)

52.2

52.0

51.5 51.5 na

-0.4

-1.0
0.0
na

Farm-to-retail price spread (1982-84=100)

221.2

225.6

232.1 238.3 na

2.0

2.9
2.7
na

Total USDA food and nutrition assistance spending ($ billion)1

38.0

41.8

46.2 50.9 na

10.0

10.5
10.2
na

f = Forecast. p = Preliminary. na = Not available. All dollar amounts are in current dollars.
1 Based on October-September fiscal years ending with year indicated.
2 The methodology for computing these measures has changed. These statistics are not comparable to previously published statistics. Sources and computation methodology are available at:   www.ers.usda.gov/AmberWaves/About/IndicatorsNotes.htm

Chart: U.S. average prices received by farmers for wheat, corn, and soybeans

Chart: Consumer price indexes for selected foods consumed at home

Chart: The world's major wheat exporters, 2005/06

For more information . . .

AO tables
Get the statistical indicators formerly provided in Agricultural Outlook magazine.