| Income
statement for U.S. farm sector, 2005-2009F |
|
Component
accounts |
2005 |
2006 |
2007 |
09/27/09
2008 |
11/24/09
2009F |
1999-
2008 average |
|
|
$
billion |
|
Cash income statement: |
|
1. Cash receipts |
241.0 |
240.9 |
288.5 |
324.2 |
282.1 |
232.3 |
|
Crops 1/ |
116.1 |
122.3 |
149.9 |
183.1 |
163.6 |
117.5 |
|
Livestock |
124.9 |
118.6 |
138.6 |
141.1 |
118.4 |
114.8 |
|
2. Direct government payments 2/ |
24.4 |
15.8 |
11.9 |
12.2 |
12.5 |
17.3 |
|
3. Farm-related income 3/ |
14.2 |
16.6 |
16.3 |
19.8 |
21.3 |
14.9 |
|
4. Gross cash income (1+2+3) |
279.6 |
273.3 |
316.7 |
356.2 |
315.9 |
264.5 |
|
5. Cash expenses 4/ |
192.8 |
204.5 |
238.5 |
258.7 |
246.0 |
193.0 |
|
6. NET CASH INCOME 5/ (4-5) |
86.8 |
68.8 |
78.2 |
97.5 |
69.8 |
71.6 |
|
Farm income statement: |
|
7. Gross cash income (1+2+3) |
279.6 |
273.3 |
316.7 |
356.2 |
315.9 |
264.5 |
|
8. Nonmoney income 6/ |
19.2 |
21.0 |
21.1 |
23.3 |
20.3 |
16.8 |
|
9. Inventory adjustment |
(0.4) |
(3.1) |
0.6 |
(2.4) |
(1.0) |
0.2 |
|
10. Gross farm income (7+8+9) |
298.4 |
291.2 |
338.4 |
377.1 |
335.2 |
281.5 |
|
11. Total expenses |
219.7 |
232.7 |
267.5 |
290.0 |
278.1 |
218.0 |
|
12. NET FARM INCOME (10-11) |
78.7 |
58.5 |
70.9 |
87.1 |
57.0 |
63.6 |
|
F = forecast. P = preliminary. na = not applicable.
( ) = negative number. Numbers may not add due to
rounding. |
|
1/ Includes CCC loans. |
|
2/ Government payments reflect payments made directly
to all recipients in the farm sector, including
landlords. The nonoperator landlords, share is offset
by its inclusion in rental expenses paid to these
landlords and thus is not reflected in net farm
income or net cash income. |
|
3/ Income from custom work, machine hire, recreational
activities, forest product sales, and other farm
sources. |
|
4/ Excludes depreciation and perquisites to hired
labor. |
| 5/
Excludes farm households. |
|
6/ Value of home consumption of farm products plus
the imputed rental value of operator dwellings. |
| Note:
This farm income forecast reflects the USDA's assessment
of the outlook for commodities as reflected in the
latest available WASDE report. The WASDE reports
are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194.
|
