|
| Value-added to the U.S. economy by the agricultural sector via the production of goods and services, 2007-2011F |
| |
United States
Component accounts 1/ |
2007 |
2008 |
2009 |
2010 |
2011F
|
2001-2010
average |
Change
2010
to
2011 |
| |
11/16/2011 |
$ billion |
| |
Value of crop production |
151.1 |
183.3 |
168.0 |
172.1 |
204.0 |
133.4 |
31.9 |
| |
Food grains |
13.6 |
18.7 |
14.8 |
13.9 |
16.7 |
10.9 |
2.8 |
| |
Feed crops |
42.3 |
58.6 |
50.6 |
52.5 |
69.6 |
35.6 |
17.1 |
| |
Cotton |
6.5 |
5.2 |
4.0 |
6.3 |
8.2 |
5.2 |
1.9 |
| |
Oil crops |
24.6 |
28.6 |
35.5 |
35.1 |
38.0 |
22.5 |
2.9 |
| |
Fruits and tree nuts |
18.7 |
19.2 |
19.2 |
21.5 |
22.2 |
16.6 |
0.7 |
| |
Vegetables and melons |
19.3 |
19.9 |
20.3 |
19.9 |
21.3 |
18.0 |
1.4 |
| |
Tobacco and All other crops |
25.2 |
24.8 |
23.9 |
23.7 |
24.5 |
22.0 |
0.8 |
| |
Home consumption |
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
0.1 |
| |
Value of inventory adjustment 2/ |
0.9 |
8.2 |
-0.4 |
-0.9 |
3.2 |
1.0 |
4.2 |
| |
Value of livestock production |
138.4 |
140.4 |
119.8 |
140.7 |
164.1 |
121.4 |
23.3 |
| |
Meat animals |
65.1 |
65.0 |
59.0 |
69.9 |
84.9 |
60.8 |
15.0 |
| |
Dairy products |
35.5 |
34.8 |
24.3 |
31.4 |
39.4 |
27.0 |
8.1 |
| |
Poultry and eggs |
33.1 |
36.8 |
32.4 |
35.5 |
36.2 |
29.2 |
0.8 |
| |
Miscellaneous livestock |
4.9 |
5.0 |
4.5 |
4.7 |
4.8 |
4.5 |
0.1 |
| |
Home consumption |
0.3 |
0.3 |
0.3 |
0.3 |
0.4 |
0.2 |
0.1 |
| |
Value of inventory adjustment 2/ |
-0.4 |
-1.6 |
-0.7 |
-1.0 |
-1.7 |
-0.3 |
-0.7 |
| |
Revenues from services and forestry |
38.1 |
42.0 |
42.7 |
39.5 |
42.2 |
34.6 |
2.7 |
| |
Machine hire and customwork |
2.7 |
3.0 |
4.0 |
3.5 |
3.8 |
2.9 |
0.3 |
| |
Forest products sold |
0.7 |
0.7 |
0.7 |
0.6 |
0.7 |
0.8 |
0.0 |
| |
Other farm income |
14.2 |
17.7 |
17.3 |
14.1 |
15.1 |
12.9 |
1.0 |
| |
Gross imputed rental value of farm dwellings |
20.6 |
20.5 |
20.7 |
21.2 |
22.7 |
17.9 |
1.5 |
| |
Value of agricultural sector production |
327.7 |
365.7 |
330.6 |
352.3 |
410.2 |
289.4 |
58.0 |
| less: |
Purchased inputs |
184.3 |
202.9 |
190.0 |
192.6 |
223.1 |
158.5 |
30.5 |
| |
Farm origin |
73.4 |
79.8 |
77.3 |
81.3 |
96.2 |
63.8 |
14.9 |
| |
Feed purchased |
41.9 |
46.9 |
45.0 |
45.4 |
55.7 |
34.6 |
10.3 |
| |
Livestock and poultry purchased |
18.8 |
17.7 |
16.7 |
19.6 |
23.1 |
17.5 |
3.5 |
| |
Seed purchased |
12.6 |
15.1 |
15.5 |
16.3 |
17.4 |
11.7 |
1.1 |
| |
Manufactured inputs |
46.3 |
55.0 |
49.0 |
49.5 |
58.9 |
39.1 |
9.5 |
| |
Fertilizers and lime |
17.7 |
22.5 |
20.1 |
21.0 |
26.9 |
14.9 |
5.8 |
| |
Pesticides |
10.5 |
11.7 |
11.5 |
10.6 |
10.7 |
9.6 |
0.1 |
| |
Petroleum fuel and oils |
13.8 |
16.2 |
12.7 |
13.2 |
16.7 |
10.6 |
3.5 |
| |
Electricity |
4.3 |
4.5 |
4.6 |
4.6 |
4.6 |
4.0 |
0.0 |
| |
Other intermediate expenses |
64.6 |
68.1 |
63.8 |
61.8 |
67.9 |
55.6 |
6.1 |
| |
Repair and maintenance of capital items |
14.3 |
14.8 |
14.7 |
14.8 |
16.3 |
12.8 |
1.6 |
| |
Machine hire and customwork |
3.8 |
4.1 |
3.9 |
4.3 |
4.8 |
3.8 |
0.5 |
| |
Marketing, storage, and transportation expenses |
10.3 |
10.1 |
10.3 |
10.3 |
11.0 |
8.9 |
0.7 |
| |
Contract labor |
4.4 |
4.7 |
3.9 |
3.9 |
4.0 |
3.5 |
0.0 |
| |
Miscellaneous expenses |
31.7 |
34.3 |
31.0 |
28.5 |
31.9 |
26.6 |
3.3 |
| plus: |
Net government transactions |
0.9 |
0.9 |
1.1 |
0.9 |
-1.9 |
6.1 |
-2.8 |
| + |
Direct Government payments 3/ |
11.9 |
12.2 |
12.2 |
12.4 |
10.6 |
15.3 |
-1.8 |
| - |
Motor vehicle registration and licensing fees |
0.6 |
0.6 |
0.6 |
0.6 |
0.7 |
0.6 |
0.1 |
| - |
Property taxes |
10.3 |
10.7 |
10.4 |
10.8 |
11.8 |
8.7 |
0.9 |
| |
Gross value added |
144.3 |
163.7 |
141.7 |
160.6 |
185.3 |
137.1 |
24.7 |
| less: |
Capital consumption |
27.0 |
28.7 |
30.1 |
30.7 |
31.5 |
25.4 |
0.8 |
| |
Net value added |
117.3 |
135.0 |
111.6 |
129.9 |
153.7 |
111.7 |
23.9 |
| less: |
Payments to stakeholders |
47.3 |
50.3 |
49.9 |
50.8 |
52.9 |
44.3 |
2.1 |
| |
Employee compensation (total hired labor) |
24.5 |
25.3 |
25.0 |
23.7 |
23.3 |
21.7 |
-0.4 |
| |
Net rent received by nonoperator landlords |
7.6 |
9.6 |
9.8 |
12.6 |
14.1 |
9.1 |
1.5 |
| |
Real estate and nonreal estate interest |
15.1 |
15.4 |
15.2 |
14.5 |
15.4 |
13.5 |
1.0 |
| |
Net farm income |
70.0 |
84.7 |
61.6 |
79.1 |
100.9 |
67.4 |
21.8 |
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. |
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Other statistics of general interest: |
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Cash receipts for all crops |
150.1 |
175.0 |
168.3 |
172.9 |
200.6 |
130.9 |
27.7 |
| |
Cash receipts for all livestock & products |
138.5 |
141.6 |
120.3 |
141.4 |
165.4 |
121.5 |
23.9 |
| |
Cash receipts for all commodities |
288.5 |
316.7 |
288.6 |
314.4 |
365.9 |
252.4 |
51.6 |
| |
|
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|
|
|
|
|
| |
Gross farm income |
339.6 |
377.9 |
342.7 |
364.7 |
420.8 |
304.8 |
56.2 |
| |
Production expenses |
269.5 |
293.2 |
281.1 |
285.6 |
320.0 |
237.4 |
34.4 |
| |
Net farm income |
70.0 |
84.7 |
61.6 |
79.1 |
100.9 |
67.4 |
21.8 |
