|
| Income statement for U.S. farm sector, 2007-2011f |
|
2007 |
2008 |
2009 |
2010 |
2011F |
09 / 08 |
10 / 09 |
11F / 10 |
11/29/2011 |
$ billion |
Percent change |
| Cash income statement |
| 1. Cash receipts |
288.5 |
316.7 |
288.6 |
314.4 |
365.9 |
-8.9% |
8.9% |
16.4% |
| Crops 1/ |
150.1 |
175.0 |
168.3 |
172.9 |
200.6 |
-3.8% |
2.7% |
16.0% |
| Livestock |
138.5 |
141.6 |
120.3 |
141.4 |
165.4 |
-15.1% |
17.6% |
16.9% |
| 2. Direct Government payments 2/ |
11.9 |
12.2 |
12.2 |
12.4 |
10.6 |
-0.5% |
1.8% |
-14.4% |
| 3. Farm-related income 3/ |
17.6 |
21.5 |
22.0 |
18.3 |
19.5 |
2.4% |
-16.9% |
6.9% |
| 4. Gross cash income (1+2+3) |
318.0 |
350.4 |
322.8 |
345.0 |
396.1 |
-7.9% |
6.9% |
14.8% |
| 5. Cash expenses 4/, 5/ |
240.6 |
261.8 |
248.4 |
252.7 |
286.2 |
-5.1% |
1.7% |
13.3% |
| 6. NET CASH INCOME (4-5) |
77.4 |
88.6 |
74.4 |
92.3 |
109.8 |
-16.1% |
24.1% |
19.0% |
| Farm income statement |
| 7. Gross cash income (1+2+3) |
318.0 |
350.4 |
322.8 |
345.0 |
396.1 |
-7.9% |
6.9% |
14.8% |
| 8. Nonmoney income 6/ |
21.0 |
20.9 |
21.1 |
21.6 |
23.3 |
0.8% |
2.5% |
7.6% |
| 9. Value of inventory adjustment |
0.6 |
6.6 |
-1.1 |
-2.0 |
1.5 |
na |
na |
na |
| 10. Total gross income (7+8+9) |
339.6 |
377.9 |
342.7 |
364.7 |
420.8 |
-9.3% |
6.4% |
15.4% |
| 11. Total expenses |
269.5 |
293.2 |
281.1 |
285.6 |
320.0 |
-4.1% |
1.6% |
12.0% |
| 12. NET FARM INCOME (10-11) |
70.0 |
84.7 |
61.6 |
79.1 |
100.9 |
-27.2% |
28.3% |
27.6% |
| F = forecast P=Preliminary na = not applicable. Totals may not add due to rounding. |
| 1/ Includes CCC loans. |
| 2/ Note: 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 and hired labor dwellings. |
