|
| Value-added
to the U.S. economy by the agricultural sector via
the production of goods and services, 2004-2008F |
| |
United States
Component accounts 1/ |
2004 |
2005 |
2006 |
2007P |
2008F |
1998-
2007
average |
Change
2007 to
2008 |
| |
02/12/08 |
$
billion |
| |
Value of crop production
|
124.5 |
113.6 |
118.0 |
149.7 |
175.5 |
109.8 |
25.9 |
| |
Food grains |
8.9 |
8.6 |
9.1 |
12.6 |
15.6 |
8.3 |
2.9 |
| |
Feed crops
|
27.4 |
24.6 |
28.0 |
40.9 |
58.1 |
25.4 |
17.1 |
| |
Cotton |
4.8 |
6.3 |
6.2 |
5.9 |
6.2 |
5.0 |
0.3 |
| |
Oil crops
|
17.9 |
18.4 |
18.2 |
22.8 |
32.4 |
16.8 |
9.5 |
| |
Fruits and tree nuts |
15.5 |
17.7 |
17.0 |
16.6 |
17.7 |
14.1 |
1.0 |
| |
Vegetables
|
16.2 |
16.9 |
17.9 |
20.8 |
19.6 |
16.7 |
(1.2) |
| |
All other crops |
21.5 |
22.3 |
22.4 |
24.2 |
25.1 |
22.2 |
0.9 |
| |
Home consumption
|
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
| |
Value of inventory adjustment
2/ |
10.7 |
(2.4) |
(2.0) |
5.6 |
0.8 |
1.1 |
(4.8) |
| |
Value of livestock
production |
124.4 |
126.4 |
120.1 |
141.8 |
139.0 |
110.6 |
(2.8) |
| |
Meat animals |
62.4 |
64.8 |
63.7 |
66.0 |
64.6 |
55.7 |
(1.4) |
| |
Dairy products
|
27.4 |
26.7 |
23.4 |
35.5 |
34.8 |
24.7 |
(0.8) |
| |
Poultry and eggs |
29.5 |
28.9 |
27.5 |
35.1 |
34.4 |
25.8 |
(0.7) |
| |
Miscellaneous
livestock |
4.4 |
4.5 |
4.7 |
4.8 |
4.9 |
4.3 |
0.1 |
| |
Home consumption |
0.2 |
0.3 |
0.3 |
0.3 |
0.3 |
0.2 |
0.0 |
| |
Value of inventory
adjustment 2/ |
0.6 |
1.3 |
0.5 |
0.1 |
(0.0) |
(0.1) |
(0.1) |
| |
Revenues from services and forestry
|
34.1 |
35.2 |
37.6 |
42.2 |
43.6 |
31.1 |
1.4 |
| |
Machine hire
and customwork |
3.4 |
2.8 |
2.7 |
2.9 |
3.1 |
2.5 |
0.2 |
| |
Forest products sold |
2.4 |
2.5 |
2.5 |
2.5 |
2.5 |
2.6 |
(0.0) |
| |
Other farm
income |
11.3 |
10.9 |
12.3 |
13.4 |
13.7 |
10.6 |
0.3 |
| |
Gross imputed rental value of
farm dwellings |
17.0 |
19.0 |
20.1 |
23.4 |
24.2 |
15.4 |
0.8 |
| |
Value of agricultural
sector production |
283.0 |
275.2 |
275.7 |
333.7 |
358.1 |
251.5 |
24.4 |
| less: |
Purchased inputs |
137.5 |
144.6 |
151.4 |
171.0 |
188.6 |
134.3 |
17.5 |
| |
Farm origin
|
57.5 |
56.9 |
59.8 |
69.5 |
76.0 |
53.2 |
6.5 |
| |
Feed purchased |
29.7 |
28.0 |
30.5 |
38.1 |
45.0 |
27.8 |
6.9 |
| |
Livestock
and poultry purchased |
18.2 |
18.4 |
18.2 |
18.8 |
17.9 |
16.2 |
(0.9) |
| |
Seed purchased |
9.6 |
10.4 |
11.0 |
12.6 |
13.1 |
9.2 |
0.5 |
| |
Manufactured
inputs |
31.6 |
35.4 |
37.0 |
41.4 |
47.1 |
31.6 |
5.7 |
| |
Fertilizers and lime |
11.4 |
12.8 |
13.3 |
16.0 |
19.0 |
11.4 |
3.0 |
| |
Pesticides
|
8.6 |
8.8 |
8.8 |
9.1 |
10.1 |
8.7 |
1.0 |
| |
Petroleum fuel and oils
|
8.2 |
10.3 |
11.1 |
12.4 |
14.0 |
8.1 |
1.6 |
| |
Electricity
|
3.4 |
3.5 |
3.7 |
3.9 |
4.1 |
3.4 |
0.2 |
| |
Other intermediate expenses
|
48.3 |
52.3 |
54.7 |
60.2 |
65.4 |
49.5 |
5.3 |
| |
Repair
and maintenance of capital items |
11.9 |
11.9 |
12.4 |
13.6 |
14.8 |
11.4 |
1.2 |
| |
Machine hire and customwork
|
3.6 |
3.5 |
3.5 |
3.8 |
4.1 |
3.9 |
0.3 |
| |
Marketing,
storage, and transportation expenses |
7.2 |
8.8 |
9.0 |
10.0 |
10.9 |
7.9 |
0.9 |
| |
Contract labor |
3.1 |
3.1 |
3.1 |
3.2 |
3.4 |
2.9 |
0.2 |
| |
Miscellaneous
expenses |
22.4 |
25.1 |
26.8 |
29.6 |
32.2 |
23.3 |
2.6 |
| plus: |
Net government transactions |
5.4 |
15.8 |
6.2 |
1.9 |
3.2 |
9.4 |
1.2 |
| + |
Direct Government
payments 3/ |
12.970 |
24.396 |
15.789 |
12.0 |
13.4 |
17.4 |
1.4 |
| - |
Motor vehicle registration and
licensing fees |
0.5 |
0.6 |
0.5 |
0.6 |
0.6 |
0.5 |
0.0 |
| - |
Property taxes
|
7.0 |
8.0 |
9.0 |
9.5 |
9.6 |
7.4 |
0.1 |
| |
Gross value added |
151.0 |
146.4 |
130.5 |
164.5 |
172.7 |
126.7 |
8.2 |
| less: |
Capital consumption
|
23.1 |
25.0 |
26.1 |
26.9 |
28.6 |
22.4 |
1.7 |
| |
Net value added |
127.8 |
121.4 |
104.4 |
137.6 |
144.1 |
104.3 |
6.5 |
| less: |
Payments to
stakeholders |
41.9 |
44.3 |
45.4 |
48.9 |
51.8 |
43.2 |
2.9 |
| |
Employee compensation
(total hired labor) |
20.4 |
20.7 |
21.3 |
22.9 |
23.9 |
19.4 |
1.1 |
| |
Net
rent received by nonoperator landlords |
10.0 |
10.6 |
9.3 |
10.3 |
12.0 |
10.4 |
1.7 |
| |
Real estate and nonreal
estate interest |
11.4 |
13.0 |
14.7 |
15.8 |
15.8 |
13.4 |
0.1 |
| |
Net farm income |
85.9 |
77.1 |
59.0 |
88.7 |
92.3 |
61.1 |
3.6 |
| F = forecast. P = preliminary.
na = not applicable. ( ) = negative number. Numbers
may not add due to rounding. |
| 1/ Final sector output
is the gross value of the commodities and services
produced within a year. Net value-added is the sector's
contribution to the National economy and is the sum
of the income from production earned by all factors-of-
production. Net farm income is the farm operators'
share of income from the sector's production activities.
The concepts presented are consistent with those employed
by the Organization for Economic Cooperation and Development
(OECD). |
| 2/ A positive value of
inventory change represents current-year production
not sold by December 1. A negative value is an offset
to production from prior years included in current-year
sales. |
| 3/ 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.
|
