|
|
Balance sheet of the U.S. farming sector, 2004- 2008F
|
|
Financial measures |
2004 |
2005 |
2006 |
2007P |
2008F |
Change
in 2008 |
02/12/08 |
$
million |
% |
| Farm assets |
1,584,842 |
1,769,339 |
1,979,087 |
2,222,619 |
2,514,132 |
13.1 |
| Real estate |
1,307,597 |
1,484,989 |
1,682,381 |
1,912,194 |
2,196,346 |
14.9 |
| Livestock
and poultry |
79,420
|
81,097
|
80,747
|
80,649
|
80,607
|
(0.1)
|
| Machinery and motor vehicles
1/ |
102,190 |
105,006 |
113,144 |
116,538 |
119,246 |
2.3 |
| Crops stored
2/ |
24,435 |
24,291 |
22,699 |
27,407 |
27,610 |
0.7 |
| Purchased inputs |
5,700 |
6,491 |
6,460 |
7,019 |
7,483 |
6.6 |
| Financial
assets |
65,500 |
67,465 |
73,656 |
78,812 |
82,839 |
5.1 |
| Total farm debt 3/ |
182,965 |
193,230 |
207,325 |
219,912 |
227,949 |
3.7 |
| Real estate
|
96,872 |
101,518 |
109,038 |
117,497 |
120,781 |
2.8 |
| Farm Credit System |
37,723 |
40,125 |
43,851 |
|
|
|
| Farm
Service Agency |
2,222
|
2,050
|
2,260
|
|
|
|
| Commercial banks |
35,233 |
36,939 |
40,521 |
|
|
|
| Life
insurance companies |
10,912
|
11,019
|
11,019
|
|
|
|
| Individuals and others
|
10,782 |
11,384 |
11,388 |
|
|
|
| Nonreal estate
|
86,093 |
91,712 |
98,287 |
102,415 |
107,168 |
4.6 |
| Farm Credit System |
21,896 |
24,218 |
27,905 |
|
|
|
| Farm
Service Agency |
3,242
|
3,015
|
2,758
|
|
|
|
| Commercial banks |
45,830 |
48,523 |
51,671 |
|
|
|
| Individuals
and others |
15,125
|
15,956
|
15,953
|
|
|
|
| Farm equity |
1,401,877 |
1,576,109 |
1,771,762 |
2,002,707 |
2,286,183 |
14.2 |
| Selected ratios:
|
Percent
|
| Debt-to-equity |
13.1 |
12.3 |
11.7 |
11.0 |
10.0 |
|
| Debt-to-asset
|
11.5 |
10.9 |
10.5 |
9.9 |
9.1 |
|
| 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.
|
|
