|
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. |
