|
Balance sheet of the U.S. farming sector, 2005- 2009F |
Financial
measures |
2005 |
2006 |
2007 |
2008 |
2009F |
Change
in 2009 |
08/27/09 |
$ million |
% |
|
Farm assets |
1,779,376 |
1,923,596 |
2,055,276 |
2,005,473 |
1,935,594 |
(3.5) |
|
Real estate |
1,486,960 |
1,625,835 |
1,751,386 |
1,692,727 |
1,626,711 |
(3.9) |
|
Livestock and poultry |
81,097 |
80,747 |
80,649 |
80,607 |
79,966 |
(0.8) |
|
Machinery and motor vehicles 1/ |
113,071 |
114,200 |
114,706 |
115,785 |
112,332 |
(3.0) |
|
Crops stored 2/ |
24,291 |
22,699 |
22,703 |
27,610 |
26,777 |
(3.0) |
|
Purchased inputs |
6,491 |
6,460 |
7,019 |
7,167 |
7,260 |
1.3 |
|
Financial assets |
67,465 |
73,656 |
78,812 |
81,577 |
82,548 |
1.2 |
|
Total farm debt 3/ |
196,377 |
203,581 |
214,063 |
240,022 |
234,074 |
(2.5) |
|
Real estate |
104,768 |
108,048 |
112,682 |
130,654 |
130,659 |
0.0 |
|
Farm Credit System |
41,173 |
43,448 |
46,793 |
56,121 |
|
|
|
Farm Service Agency |
2,453 |
2,374 |
2,281 |
2,147 |
|
|
|
Commercial banks |
37,904 |
40,149 |
41,884 |
48,823 |
|
|
|
Life insurance companies |
11,307 |
12,001 |
12,750 |
13,400 |
|
|
|
Individuals and others |
11,682 |
9,790 |
8,657 |
9,847 |
|
|
|
Storage facility loans |
250 |
285 |
316 |
316 |
|
|
|
Nonreal estate |
91,609 |
95,533 |
101,382 |
109,368 |
103,415 |
(5.4) |
|
Farm Credit System |
24,279 |
27,811 |
31,622 |
37,183 |
|
|
|
Farm Service Agency |
3,008 |
2,736 |
2,808 |
2,644 |
|
|
|
Commercial banks |
48,405 |
51,253 |
54,129 |
57,149 |
|
|
|
Individuals and others |
15,917 |
13,733 |
12,823 |
12,391 |
|
|
|
Farm equity |
1,582,999 |
1,720,015 |
1,841,212 |
1,765,451 |
1,701,520 |
(3.6) |
|
Selected ratios: |
|
|
|
|
|
|
|
Debt-to-equity |
12.4 |
11.8 |
11.6 |
13.6 |
13.8 |
|
|
Debt-to-asset |
11.0 |
10.6 |
10.4 |
12.0 |
12.1 |
|
|
Note: F = forecast & P = preliminary. Numbers
may not add due to rounding. Balance sheet is as of
December 31. |
|
1/ Includes only farm share of value for trucks and
automobiles. |
|
2/ Non-CCC crops held on farms plus value above loan
rates for crops held under CCC. |
|
3/ Includes CCC storage and drying facilities loans
but excludes debt on operator dwellings and for nonfarm
purposes. |
See all forecast
tables.
|
|
