| Farm income indicators,
2006 - 2008F
|
United
States
Component
accounts
1/ |
2006 |
2007 |
2008 |
Change
from
2007
to
2008 |
1998-
2007
(10-year)
average |
Deviation
of 2008
from
10-year
average |
|
09/25/09 |
$ billion |
| Gross farm income |
291.2 |
338.4 |
377.1 |
39.4 |
281.5 |
105.4 |
| Gross cash income |
273.3 |
316.7 |
356.2 |
39.4 |
264.5 |
105.4 |
| Cash receipt |
240.9 |
288.5 |
324.2 |
35.6 |
232.3 |
105.1 |
| Crops |
122.3 |
149.9 |
183.1 |
33.0 |
117.5 |
74.1 |
| Livestock and
products |
118.6 |
138.6 |
141.1 |
2.6 |
114.8 |
31.0 |
| Government
payments |
15.8 |
11.9 |
12.2 |
0.3 |
17.3 |
(5.1) |
| Farm-related
income |
16.6 |
16.3 |
19.8 |
3.5 |
14.9 |
5.5 |
| Noncash income |
21.0 |
21.1 |
23.3 |
2.2 |
16.8 |
7.8 |
| Value of home
consumption |
0.4 |
0.4 |
0.4 |
0.1 |
0.3 |
0.1 |
| Rental value of
dwellings |
20.6 |
20.8 |
22.9 |
2.1 |
16.4 |
7.7 |
| Operator and other
dwellings 1/ |
20.2 |
20.4 |
22.2 |
1.7 |
15.9 |
7.5 |
| Hired laborer
dwellings |
0.4 |
0.4 |
0.7 |
0.4 |
0.5 |
0.2 |
| Value of inventory
adjustment |
(3.1) |
0.6 |
(2.4) |
(3.0) |
0.2 |
(2.8) |
| Total production expenses |
232.7 |
267.5 |
290.0 |
22.5 |
218.0 |
82.5 |
| Purchased inputs |
151.3 |
179.6 |
197.3 |
17.7 |
141.3 |
64.2 |
| Farm origin |
61.1 |
73.4 |
79.5 |
6.2 |
57.2 |
25.8 |
| Feed
purchased |
31.4 |
41.9 |
46.9 |
5.0 |
30.4 |
18.7 |
| Livestock and poultry
purchased |
18.6 |
18.8 |
17.5 |
(1.3) |
16.8 |
1.2 |
| Seed
purchased |
11.0 |
12.6 |
15.1 |
2.5 |
10.0 |
5.9 |
| Manufactured
inputs |
37.5 |
46.3 |
55.0 |
8.7 |
34.8 |
22.9 |
| Fertilizer and
lime |
13.3 |
17.7 |
22.5 |
4.8 |
12.8 |
10.9 |
| Pesticides |
9.0 |
10.5 |
11.7 |
1.2 |
9.1 |
2.9 |
| Fuel and oil |
11.3 |
13.8 |
16.2 |
2.4 |
9.3 |
8.0 |
| Electricity |
3.8 |
4.3 |
4.5 |
0.3 |
3.6 |
1.1 |
| Other purchased
inputs |
52.7 |
59.9 |
62.8 |
2.8 |
49.2 |
15.5 |
| Repair and
maintenance |
12.5 |
14.3 |
14.8 |
0.5 |
12.0 |
3.3 |
| Other
miscellaneous |
40.2 |
45.6 |
47.9 |
2.3 |
37.3 |
12.2 |
| Interest |
14.4 |
15.1 |
14.5 |
(0.7) |
13.3 |
1.3 |
| Real estate |
8.0 |
8.3 |
8.0 |
(0.3) |
7.2 |
0.9 |
| Nonreal estate |
6.4 |
6.9 |
6.5 |
(0.4) |
6.1 |
0.4 |
| Contract and hired labor
expenses |
24.2 |
28.4 |
29.6 |
1.2 |
23.5 |
7.1 |
| Net rent to nonoperator landlords
2/ |
7.6 |
7.0 |
9.3 |
2.3 |
8.7 |
0.4 |
| Capital consumption |
26.2 |
27.1 |
28.7 |
1.6 |
23.3 |
6.3 |
| Property taxes |
9.0 |
10.3 |
10.7 |
0.4 |
7.9 |
3.2 |
| NET FARM INCOME 3/ |
58.5 |
70.9 |
87.1 |
16.1 |
63.6 |
27.9 |
| Gross receipts of farms |
271.1 |
318.0 |
355.0 |
36.9 |
265.7 |
103.0 |
| Farm production expenses |
222.6 |
256.9 |
278.5 |
21.6 |
209.8 |
78.6 |
| Expense not paid to
stakeholders |
180.4 |
211.9 |
230.9 |
19.0 |
168.3 |
71.8 |
| Purchased inputs |
149.3 |
177.7 |
194.8 |
17.0 |
139.4 |
63.3 |
| Capital
consumption |
20.5 |
20.9 |
22.3 |
1.4 |
18.8 |
4.1 |
| Property taxes |
7.6 |
8.8 |
9.1 |
0.3 |
6.8 |
2.7 |
| Contract labor |
3.0 |
4.4 |
4.7 |
0.3 |
3.3 |
1.7 |
| Payments to stakeholders
|
42.2 |
45.0 |
47.6 |
2.6 |
41.5 |
6.8 |
| Interest |
13.4 |
14.0 |
13.4 |
(0.6) |
12.6 |
0.9 |
| Hired labor
compensation |
21.2 |
24.0 |
24.9 |
0.9 |
20.3 |
5.4 |
| Net rent to nonoperator
landlords |
7.6 |
7.0 |
9.3 |
2.3 |
8.7 |
0.4 |
| RETURNS TO OPERATORS 4/ |
48.4 |
61.1 |
76.4 |
15.2 |
55.9 |
24.3 |
| Gross cash income |
273.3 |
316.7 |
356.2 |
39.4 |
264.5 |
105.4 |
| Cash expenses |
204.5 |
238.5 |
258.7 |
20.2 |
193.0 |
75.1 |
| Cash expenses, excluding net
rent |
194.2 |
228.6 |
246.2 |
17.6 |
181.8 |
73.9 |
| Purchased
inputs |
149.3 |
177.7 |
194.8 |
17.0 |
139.4 |
63.3 |
| Interest |
13.4 |
14.0 |
13.4 |
(0.6) |
12.6 |
0.9 |
| Cash labor
expenses |
23.8 |
28.1 |
28.9 |
0.8 |
23.0 |
6.9 |
| Property
taxes |
7.6 |
8.8 |
9.1 |
0.3 |
6.8 |
2.7 |
| Net rent to nonoperator landlords
5/ |
10.4 |
9.8 |
12.5 |
2.6 |
11.2 |
1.2 |
| NET CASH INCOME |
68.8 |
78.2 |
97.5 |
19.2 |
71.6 |
30.4 |
| 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/ 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. |
| 5/ Excludes landlord capital
consumption. |
| 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. |
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