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Briefing Rooms

Farm Income and Costs: Farm Sector Income Forecast

U.S. farm sector cash receipts from sales of agricultural commodities, 2004-2008F
Commodities
2004
2005
2006
2007P
2008F
Change
2006 to
2007
Change
2007 to
2008
02/12/08
$ billion
Crop receipts:              
Food grains 8.9 8.6 9.1 12.6 15.6 3.5 2.9
 Wheat 7.1 7.0 7.3 10.6 13.3 3.3 2.7
 Rice 1.8 1.6 1.8 2.0 2.2 0.2 0.2
Feed crops 27.4 24.6 28.0 40.9 58.1 13.0 17.1
 Corn 21.2 18.5 21.7 32.4 48.0 10.7 15.6
 Barley, oats, and sorghum 1.5 1.3 1.3 2.0 2.8 0.7 0.8
 Hay 4.7 4.7 4.9 6.5 7.3 1.6 0.7
Oil crops 17.9 18.4 18.2 22.8 32.4 4.6 9.5
 Soybeans 16.4 16.9 16.9 21.3 30.5 4.4 9.1
 Peanuts 0.8 0.8 0.6 0.7 0.8 0.1 0.1
Cotton (lint and seed) 4.8 6.3 6.2 5.9 6.2 (0.3) 0.3
Fruits and nuts 15.5 17.7 17.0 16.6 17.7 (0.4) 1.0
Vegetables 16.2 16.9 17.9 20.8 19.6 2.9 (1.2)
All other crops 21.5 22.3 22.4 24.2 25.1 1.8 0.9
 Greenhouse and nursery 16.1 16.8 16.9 17.2 17.6 0.3 0.3
TOTAL CROPS 113.7 115.9 120.0 143.9 174.6 24.0 30.6
Livestock receipts:              
Meat animals 62.4 64.8 63.7 66.0 64.6 2.3 (1.4)
 Cattle and calves 47.5 49.3 49.1 50.7 50.1 1.6 (0.6)
 Hogs 14.3 15.0 14.1 14.8 13.9 0.7 (0.8)
 Sheep and lambs 0.5 0.6 0.5 0.5 0.5 0.0 0.0
Poultry and eggs 29.5 28.9 27.5 35.1 34.4 7.6 (0.7)
 Broilers 20.4 20.9 18.9 23.3 23.2 4.5 (0.1)
 Turkeys 3.0 3.1 3.5 4.0 3.8 0.5 (0.2)
 Eggs 5.2 4.0 4.3 7.0 6.6 2.7 (0.4)
All dairy 27.4 26.7 23.4 35.5 34.8 12.1 (0.8)
Miscellaneous livestock 4.4 4.5 4.7 4.8 4.9 0.1 0.1
TOTAL LIVESTOCK 123.6 124.9 119.3 141.4 138.7 22.1 (2.7)
TOTAL RECEIPTS 237.3 240.7 239.3 285.4 313.2 46.1 27.9
F = forecast. P = preliminary. na = not applicable. ( ) = negative number. Numbers may not add due to rounding.

See all forecast tables.

 

For more information, contact: Roger Strickland

Web administration: webadmin@ers.usda.gov

Updated date: February 12, 2008