|
|
Income statement for U.S. farm sector, 2004-2008F
|
| Component accounts
|
2004
|
2005
|
2006
|
2007P
|
2008F
|
1998-
2007
average |
02/12/08 |
$
billion |
| Cash income statement:
|
|
|
|
|
|
|
| 1. Cash receipts |
237.3 |
240.7 |
239.3 |
285.4 |
313.2 |
219.0 |
| Crops
1/ |
113.7 |
115.9 |
120.0 |
143.9 |
174.6 |
108.5 |
| Livestock
|
123.6 |
124.9 |
119.3 |
141.4 |
138.7 |
110.5 |
| 2. Direct government
payments 2/ |
13.0 |
24.4 |
15.8 |
12.0 |
13.4 |
17.4 |
| 3. Farm-related income 3/ |
17.1 |
16.2 |
17.5 |
18.8 |
19.4 |
15.7 |
| 4. Gross cash
income (1+2+3) |
267.4 |
281.3 |
272.5 |
316.2 |
346.0 |
252.1 |
| 5. Cash expenses 4/ |
185.2 |
195.5 |
204.7 |
228.6 |
249.4 |
184.1 |
| 6. NET CASH INCOME
5/ (4-5) |
82.2 |
85.8 |
67.9 |
87.6 |
96.6 |
68.0 |
| Farm income statement: |
|
|
|
|
|
|
| 7. Gross cash
income (1+2+3) |
267.4 |
281.3 |
272.5 |
316.2 |
346.0 |
252.1 |
| 8. Nonmoney income 6/ |
17.3 |
19.3 |
20.5 |
23.8 |
24.7 |
15.7 |
| 9. Inventory adjustment
|
11.2 |
(1.1) |
(1.6) |
5.7 |
0.8 |
1.0 |
| 10. Gross farm income (7+8+9) |
296.0 |
299.6 |
291.5 |
345.7 |
371.5 |
268.9 |
| 11. Total expenses
|
210.0 |
222.5 |
232.5 |
257.0 |
279.2 |
207.8 |
| 12. NET FARM INCOME (10-11) |
85.9 |
77.1 |
59.0 |
88.7 |
92.3 |
61.1 |
| 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
|
