June 2005 issue of AmberWaves
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AmberWaves June 2005 > Indicators
title "Indicators"

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Farm, Rural, and Natural Resources Indicators
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Annual percent change
item

1990

2000

2001

2002

2003

2004

1990-2000

2002-03

2003-04

Cash receipts ($ billion)

169.5

192.1

200.1

195.1

211.6

 235.4f

1.3

8.5

11.2

Crops

80.3

92.5

93.4

101.3

106.2

 113.2f

1.4

4.8

6.6

Livestock

89.2

99.6

106.7

93.8

105.5

 122.2f

1.1

12.5

15.8

Direct government payments ($ billion)

9.3

22.9

20.7

11.0

15.9

 14.5f

9.4

44.5

-8.8

Gross cash income ($ billion)

186.9

228.7

235.6

222.0

243.9

 266.1f

2.0

9.9

9.1

Net cash income ($ billion)

52.7

56.7

59.5

50.7

68.6

 77.8f

0.7

35.3

13.4

Net value added ($ billion)

80.8

91.9

94.1

78.8

101.4

 118.0f

1.3

28.7

16.4

Farm equity ($ billion)

702.6

1,025.6

1,070.2

1,110.7

1180.8

 1,247.0f

3.9

6.3

5.6

Farm debt-asset ratio

16.4

14.8

14.8

14.8

14.4

 14.2f

-1.0

-2.7

-1.4

Farm household income ($/farm household)

38,237

61,947

64,117

65,757

68,506

 71,102f

4.9

4.2

3.8

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

103.1

108.6

110.2

113.7

na

 na

0.5

na

na

Nonmetro-metro difference in poverty rates (%points)

3.6

2.6

3.1

2.6

2.1

 na

-3.2

-19.2

na

Cropland harvested (million acres)

310

314

311

307

315

 312p

0.1

2.6

-1.0

USDA Conservation Program expenditures ($ bil.)1

3.0

3.3

3.7

4.2

4.3

 5.1

1.0

2.4

18.6
Food and Fiber Sector Indicators
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Annual percent change
item

1990

2000

2001

2002

2003
2004

1990-2000

2002-03

2003-04

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

5,803

9,825

10,082

10,446

10,863 f

 na

5.4

4.0

na

Food and fiber share (%)

15.1

12.6

12.3

na

na

 na

-1.8

na

na

Farm sector share (%)

1.4

0.8

0.8

0.8

na

 na

-5.4

na

na

Total agricultural imports ($ billion)1

22.7

38.9

39.0

41.0

45.7

 52.7

5.5

11.5

15.3

Total agricultural exports ($ billion)1

40.3

50.7

52.7

53.3

56.2

 62.3

2.3

5.4

10.9

Exports' share of the volume of U.S. agriculture production (%)

18.2

17.6

17.7

16.5

17.9

 na

-0.3

8.5

na

CPI for food (1982-84=100)

132.4

167.9

173.1

176.2

180.0

186.2

2.4

2.2

3.4

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

11.2

10.1

10.2

10.1

10.1

 na

-1.0

0.0

na

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

55.4

53.3

53.9

53.8

53.1

 na

-0.4

-1.3

na

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

144.5

210.3

215.4

221.2

na

 na

3.8

na

na

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

24.9

32.6

34.2

38.0

41.8

 46.2

2.7

10.0

10.5

f = Forecast. p = Preliminary. na = Not available.
1 Based on October-September fiscal years ending with year indicated.
2 Forecast for 2003 based on the Office of Management and Budget's Midsession Budget Review, July 2003.


Prices paid and received by farmers
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Consumer price indexes for food and nonfood items
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Cash receipts from farming in 2005
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