| Farm
income indicators, 2004 - 2006 |
| 08/30/07 |
|
|
|
Change
from
2004 to 2005 |
Change
from
2005 to 2006 |
Change
from
2004 to 2006 |
| Item |
2004 |
2005 |
2006 |
| |
$ billion |
$ bil |
% |
$ bil |
% |
$ bil |
% |
| Gross farm income |
296.0 |
299.6 |
291.5 |
3.6 |
1.2 |
(8.1) |
(2.7) |
(4.5) |
(1.5) |
| Gross cash income |
267.4 |
281.3 |
272.5 |
13.9 |
5.2 |
(8.8) |
(3.1) |
5.1 |
1.9 |
| Cash receipts |
237.3 |
240.7 |
239.3 |
3.4 |
1.4 |
(1.5) |
(0.6) |
1.9 |
0.8 |
| Crops |
113.7 |
115.9 |
120.0 |
2.1 |
1.9 |
4.1 |
3.5 |
6.2 |
5.5 |
| Livestock and
products |
123.6 |
124.9 |
119.3 |
1.3 |
1.0 |
(5.5) |
(4.4) |
(4.3) |
(3.5) |
| Government payments |
13.0 |
24.4 |
15.8 |
11.4 |
88.1 |
(8.6) |
(35.3) |
2.8 |
21.7 |
| Farm-related
income |
17.1 |
16.2 |
17.5 |
(0.9) |
(5.5) |
1.3 |
8.0 |
0.3 |
2.0 |
| Noncash income |
17.3 |
19.3 |
20.5 |
2.1 |
11.9 |
1.2 |
6.2 |
3.3 |
18.9 |
| Value of home
consumption |
0.3 |
0.3 |
0.4 |
0.0 |
13.8 |
0.1 |
20.7 |
0.1 |
37.3 |
| Rental value
of dwellings |
17.0 |
19.0 |
20.1 |
2.0 |
11.8 |
1.1 |
6.0 |
3.1 |
18.5 |
| Operator and
other dwellings 1/ |
16.3 |
18.3 |
19.7 |
2.0 |
12.3 |
1.4 |
7.5 |
3.4 |
20.8 |
| Hired laborer
dwellings |
0.7 |
0.7 |
0.4 |
(0.0) |
(0.2) |
(0.2) |
(36.3) |
(0.2) |
(36.4) |
| Value of inventory
adjustment |
11.2 |
(1.1) |
(1.6) |
(12.3) |
(109.3) |
(0.5) |
51.7 |
(12.8) |
(114.2) |
| |
|
|
|
|
|
|
|
|
|
| Total production
expenses |
210.0 |
222.5 |
232.5 |
12.4 |
5.9 |
10.0 |
4.5 |
22.4 |
10.7 |
| Purchased inputs |
134.9 |
142.1 |
148.9 |
7.2 |
5.3 |
6.8 |
4.8 |
14.0 |
10.4 |
| Farm origin |
57.5 |
56.9 |
59.8 |
(0.7) |
(1.1) |
2.9 |
5.1 |
2.2 |
3.9 |
| Feed purchased |
29.7 |
28.0 |
30.5 |
(1.7) |
(5.7) |
2.5 |
8.9 |
0.8 |
2.7 |
| Livestock and
poultry purchased |
18.2 |
18.4 |
18.2 |
0.2 |
1.3 |
(0.2) |
(1.2) |
0.0 |
0.1 |
| Seed purchased |
9.6 |
10.4 |
11.0 |
0.8 |
8.3 |
0.6 |
5.8 |
1.4 |
14.6 |
| Manufactured
inputs |
31.6 |
35.4 |
37.0 |
3.8 |
11.9 |
1.6 |
4.4 |
5.3 |
16.8 |
| Fertilizer and
lime |
11.4 |
12.8 |
13.3 |
1.4 |
12.3 |
0.5 |
3.9 |
1.9 |
16.7 |
| Pesticides |
8.6 |
8.8 |
8.8 |
0.2 |
2.3 |
(0.0) |
(0.0) |
0.2 |
2.3 |
| Fuel and oil |
8.2 |
10.3 |
11.1 |
2.1 |
25.4 |
0.8 |
8.0 |
2.9 |
35.5 |
| Electricity |
3.4 |
3.5 |
3.7 |
0.1 |
1.8 |
0.2 |
6.9 |
0.3 |
8.9 |
| Other purchased
inputs |
45.7 |
49.8 |
52.1 |
4.1 |
9.0 |
2.3 |
4.6 |
6.4 |
14.0 |
| Repair and maintenance |
11.9 |
11.9 |
12.4 |
(0.1) |
(0.4) |
0.5 |
4.2 |
0.4 |
3.7 |
| Other miscellaneous |
33.8 |
37.9 |
39.7 |
4.2 |
12.3 |
1.8 |
4.8 |
6.0 |
17.7 |
| Interest |
11.4 |
13.0 |
14.7 |
1.6 |
13.7 |
1.7 |
13.4 |
3.3 |
28.9 |
| Real estate |
6.7 |
7.2 |
8.2 |
0.5 |
7.4 |
1.0 |
14.0 |
1.5 |
22.4 |
| Nonreal estate |
4.7 |
5.8 |
6.5 |
1.1 |
22.7 |
0.7 |
12.7 |
1.8 |
38.3 |
| Contract and
hired labor expenses |
23.5 |
23.7 |
24.4 |
0.2 |
0.9 |
0.7 |
2.8 |
0.9 |
3.8 |
| Net rent to nonoperator
landlords 2/ |
10.0 |
10.6 |
9.3 |
0.6 |
5.9 |
(1.3) |
(12.4) |
(0.7) |
(7.2) |
| Capital consumption |
23.1 |
25.0 |
26.1 |
1.8 |
8.0 |
1.2 |
4.7 |
3.0 |
13.0 |
| Property taxes |
7.0 |
8.0 |
9.0 |
1.0 |
14.3 |
1.0 |
12.5 |
2.0 |
28.6 |
| |
|
|
|
|
|
|
|
|
|
| NET FARM INCOME
3/ |
85.9 |
77.1 |
59.0 |
(8.8) |
(10.3) |
(18.1) |
(23.5) |
(26.9) |
(31.3) |
| |
|
|
|
|
|
|
|
|
|
| Gross receipts
of farms |
279.7 |
281.3 |
271.8 |
1.6 |
0.6 |
(9.5) |
(3.4) |
(7.9) |
(2.8) |
| Farm production
expenses |
202.1 |
213.4 |
222.8 |
11.3 |
5.6 |
9.5 |
4.4 |
20.8 |
10.3 |
| Expense not paid
to stakeholders |
160.8 |
169.6 |
178.0 |
8.8 |
5.5 |
8.4 |
4.9 |
17.2 |
10.7 |
| Purchased inputs |
132.9 |
139.9 |
146.8 |
7.0 |
5.3 |
6.9 |
5.0 |
13.9 |
10.5 |
| Capital consumption |
18.8 |
19.9 |
20.5 |
1.1 |
6.0 |
0.6 |
3.1 |
1.7 |
9.3 |
| Property taxes |
6.0 |
6.8 |
7.6 |
0.8 |
12.7 |
0.8 |
11.8 |
1.6 |
26.0 |
| Contract labor |
3.1 |
3.1 |
3.1 |
(0.0) |
(1.3) |
0.0 |
0.7 |
(0.0) |
(0.6) |
| |
|
|
|
|
|
|
|
|
|
| Payments to stakeholders |
41.3 |
43.7 |
44.8 |
2.4 |
5.9 |
1.1 |
2.5 |
3.5 |
8.6 |
| Interest |
10.8 |
12.4 |
14.2 |
1.6 |
14.7 |
1.8 |
14.2 |
3.4 |
31.0 |
| Hired labor compensation |
20.4 |
20.7 |
21.3 |
0.3 |
1.2 |
0.7 |
3.1 |
0.9 |
4.4 |
| Net rent to nonoperator
landlords 4/ |
10.0 |
10.6 |
9.3 |
0.6 |
5.9 |
(1.3) |
(12.4) |
(0.7) |
(7.2) |
| |
|
|
|
|
|
|
|
|
|
| RETURNS TO OPERATORS
5/ |
77.6 |
67.9 |
48.9 |
(9.7) |
(12.5) |
(19.0) |
(27.9) |
(28.6) |
(36.9) |
| |
|
|
|
|
|
|
|
|
|
| Gross cash income |
267.4 |
281.3 |
272.5 |
13.9 |
5.2 |
(8.8) |
(3.1) |
5.1 |
1.9 |
| |
|
|
|
|
|
|
|
|
|
| Cash expenses |
185.2 |
195.5 |
204.7 |
10.3 |
5.5 |
9.2 |
4.7 |
19.4 |
10.5 |
| Cash expenses,
excluding net rent |
172.6 |
182.2 |
192.6 |
9.6 |
5.5 |
10.4 |
5.7 |
20.0 |
11.6 |
| Purchased inputs |
132.9 |
139.9 |
146.8 |
7.0 |
5.3 |
6.9 |
5.0 |
13.9 |
10.5 |
| Interest |
10.8 |
12.4 |
14.2 |
1.6 |
14.7 |
1.8 |
14.2 |
3.4 |
31.0 |
| Cash labor expenses |
22.9 |
23.1 |
24.0 |
0.2 |
0.9 |
0.9 |
3.9 |
1.1 |
4.9 |
| Property taxes |
6.0 |
6.8 |
7.6 |
0.8 |
12.7 |
0.8 |
11.8 |
1.6 |
26.0 |
| Net rent to nonoperator
landlords 4/ |
12.6 |
13.3 |
12.1 |
0.7 |
5.6 |
(1.3) |
(9.4) |
(0.5) |
(4.4) |
| |
|
|
|
|
|
|
|
|
|
| NET CASH INCOME |
82.2 |
85.8 |
67.9 |
3.6 |
4.4 |
(17.9) |
(20.9) |
(14.3) |
(17.4) |
| F
= forecast P=Preliminary Totals may not add due
to rounding. ( ) indicates negative number |
| 1/
Value added to gross income by imputed value of
rental services provided by the dwellings. Value
added to net farm income equals difference in net
farm income and returns to operators. |
| 2/
Includes landlord capital consumption. |
| 3/
Statistics in and above the Net Farm Income line
represent the farm sector, defined as including
farm operators' dwellings located on farms. Statistics
below the Net Farm Income line represent only the
farm businesses to the exclusion of the operators'
dwellings. |
| 4/
Excludes landlord capital consumption. |
| 5/ Returns-to-operators
is the operators' share of the net income generated
by the farm sector's production of commodities and
farm business activities in a calendar year. It
differs conceptually from farm sector financial indicators
by excluding the gross imputed rent of farm operators'
dwellings and the expenses associated with the operators'
dwellings. The difference between returns-to-operators
and net farm income is equivalent to the net rental
value of farm operator dwellings |
| Note:
Some of the component accounts in this farm income
table format that are similar in name to ones in
the value-added table format have definitional
differences. |
| For additional
years, click here. |
