Amber Waves cover, June 2009
Amber Waves: The Economics of Food, Farming, Natural Resources, and Rural America

June 2009

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

Annual percent change

item

2005

2006

2007

2008
2009
2005-06
2006-07
2007-08 2008-09

Cash receipts ($ billion)

237.0 241.2

288.7

324.3 284.0f 1.8 19.7 12.3 -12.4

Crops

111.9 122.5 150.1 183.1 165.0f
9.5
22.5
22.0
-9.9

Livestock

125.1 118.7 138.6 141.2 119.0f
-5.1
16.8
1.9
-15.7

Direct government payments ($ billion)

24.4 15.8 11.9 12.2 12.6f
-35.2
-24.7
2.5
3.3

Gross cash income
($ billion)

275.5 273.5 316.9 356.3 316.3f
-0.7
15.9
12.4
-11.2

Net cash income
($ billion)

82.7 69.0 78.4 97.6 68.2f
-16.6
13.6
24.5
-30.1

Net value added
($ billion)

116.6 101.9 117.2 135.8 105.4f
-12.6
15.0
15.9
-22.4

Farm equity ($ billion)

1,583.0 1,720.0 1,841.2 1,765.5 1,701.5f
8.7
7.0
-4.1
-3.6

Farm debt-asset ratio

11.0 10.6 10.4 12.0 12.1f
-3.6
-1.9
15.4
0.8

Farm household income ($/farm household)

81,086 81,251 88,912 80,090p 75,895f
0.2
9.4
-9.9
-5.2

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

128.0 122.1 131.5 na na
na
na
na
na

Nonmetro-metro difference in poverty rates (%points)1

2.3 3.4 5.5 na na
na
na
na
na

Cropland harvested (million acres)

314 304p na na na
-3.2
na
na
na

USDA Conservation Program expenditures
($ billion)2

4.3 4.3 4.4p 5.0f na
0.0
2.3
13.6
na
Food and Fiber Sector Indicators
empty cell

Annual percent change

item

2005

2006

2007
2008
2009
2005-06
2006-07
2007-08
2008-09

U.S. gross domestic product ($ billion)

12,422

13,178

13,808 14,265 na
6.1
4.8
3.3
na

Share of agriculture and related industries in GDP (%)1

4.5 4.3 4.6 na na
na
na
na
na

Share of agriculture in GDP (%)1

0.8 0.7 1.0 na na
na
na
na
na

Total agricultural imports ($ billion)2

57.7 64.0 70.1 79.3 81.0f
10.9
9.5
13.1
2.1

Total agricultural exports ($ billion)2

62.5 68.6 82.2 115.5 96.0f
9.8
19.8
40.5
-16.9

Export share of the volume of U.S. agricultural production (%)1

21.5
23.0

23.8p na na
na
na
na
na

CPI for food
(1982-84=100)

190.7 195.3 202.9 214.1 221.3f
2.4
3.9
5.5
3.4

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

9.7 9.8 9.7 9.6 na
na
na
na
na

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

51.4 51.5 51.5 51.5 na
na
na
na
na

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

239.2 246.2 248.1 267.0 na
2.9
0.8
7.6
na

Total USDA food and nutrition assistance spending ($ billion)2

50.9 53.1 54.3 60.9 na
4.3
2.3
12.2
na

f = Forecast. p = Preliminary. na = Not available. All dollar amounts are in current dollars.
1 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

2 Based on October-September fiscal years ending with year indicated.

Bar chart: In 2008, double-digit price increases for cereals and bakery products, fats and oils, and eggs. . .

Line chart: . . .pushed grocery store price inflation to its highest level in 20 years

Line chart: Over the past 10 years, inflation has been higher for education and medical care than for food

For more information . . .

AO tables