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Farm Income and Costs: Farm Sector Income Forecast

U.S. farm sector cash receipts from sales of agricultural commodities, 2005-2009F
Commodities
2005
2006
2007
2008P
2009F
Change
2007 to
2008
Change
2008 to
2009
02/12/09
$ billion
Crop receipts:              
Food grains 8.6 9.1 12.8 19.5 15.3 6.7 (4.2)
 Wheat 7.0 7.3 10.7 16.1 11.9 5.4 (4.2)
 Rice 1.6 1.8 2.1 3.4 3.4 1.3 0.0
Feed crops 24.7 29.4 42.5 61.4 52.4 18.9 (9.0)
 Corn 18.5 22.9 33.9 50.7 42.8 16.7 (7.9)
 Barley, oats, and sorghum 1.5 1.3 2.2 2.9 2.5 0.7 (0.4)
 Hay 4.7 5.2 6.3 7.8 7.1 1.5 (0.7)
Oil crops 18.5 18.5 22.6 29.1 27.2 6.4 (1.9)
 Soybeans 16.9 17.2 21.1 26.9 25.2 5.8 (1.8)
 Peanuts 0.8 0.6 0.8 0.9 0.9 0.1 0.0
Cotton (lint and seed) 6.3 5.6 6.2 5.0 3.8 (1.2) (1.2)
Fruits and nuts 17.4 17.2 17.8 18.4 16.9 0.6 (1.5)
Vegetables 17.0 18.5 20.0 21.8 20.8 1.8 (0.9)
All other crops 23.4 24.3 25.1 26.0 26.0 0.8 0.1
 Greenhouse and nursery 16.8 17.0 17.2 17.5 17.7 0.3 0.3
TOTAL CROPS 116.0 122.6 147.0 181.1 162.4 34.2 (18.7)
Livestock receipts:              
Meat animals 64.8 63.6 65.0 66.0 67.1 1.0 1.1
 Cattle and calves 49.3 49.0 49.7 49.5 50.2 (0.2) 0.7
 Hogs 15.0 14.1 14.8 16.0 16.4 1.3 0.4
 Sheep and lambs 0.6 0.5 0.5 0.5 0.5 (0.0) (0.0)
Poultry and eggs 28.7 26.5 32.6 36.4 36.9 3.8 0.5
 Broilers 20.9 17.7 21.5 23.4 24.4 2.0 1.0
 Turkeys 3.1 3.6 3.7 4.3 4.2 0.6 (0.1)
 Eggs 4.0 4.4 6.7 7.9 7.6 1.2 (0.3)
All dairy 26.7 23.4 35.4 35.7 23.2 0.3 (12.6)
Miscellaneous livestock 4.6 4.8 4.9 5.0 5.0 0.1 0.0
TOTAL LIVESTOCK 124.9 118.2 137.9 143.1 132.2 5.3 (10.9)
TOTAL RECEIPTS 240.9 240.8 284.8 324.2 294.6 39.4 (29.6)
F = forecast. P = preliminary. na = not applicable. ( ) = negative number. Numbers may not add due to rounding.

See all forecast tables.

 

For more information, contact: Ted Covey or John Dillard

Web administration: webadmin@ers.usda.gov

Updated date: February 12, 2009