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Farm Income and Costs: Farm Business Income

Table 1--Farm Business Average Net Cash Income Forecasts 1/
Size/
region/
specialty
2007
2008
2009f
2008f/
2007
2009f/
2008
Share
of
U.S.
farms
or
businesses
11/16/2009
$1,000 per farm Percent
Farm Size:
 Commercial farms 230.8 205.2 182.5 -11.1 -11.1 12.4
 Intermediate farms 5.5 5.3 5.2 -3.6 -1.9 26.6
   All farm businesses 2/ 77.7 68.9 61.6 -11.3 -10.6 39.0
  Rural residence farms -3.9 -3.9 -3.6 -0.0 -7.7 61.0
   All farms 26.2 24.5 21.8 -6.5 -11.0 100.0
All family farms 3/ 21.1 21.4 19.0 1.4 -11.2 97.2
Resource region: 2/
 Heartland 99.8 97.4 83.9 -2.4 -13.9 23.0
 Northern Crescent 55.7 62.3 42.5 11.8 -31.8 14.0
 Northern Great Plains 77.6 87.4 80.9 12.6 -7.4 6.1
 Prairie Gateway 73.2 46.8 42.2 -36.1 -9.8 15.3
 Eastern Uplands 24.9 10.8 10.6 -56.6 -1.9 11.6
 Southern Seaboard 50.4 36.9 38.9 -26.8 5.4 10.4
 Fruitful Rim 151.2 130.3 124.3 -13.8 -4.6 11.3
 Basin and Range 33.5 52.7 50.0 57.3 -5.1 3.8
 Mississippi Portal 85.9 76.7 83.5 -10.7 8.9 4.3
Commodity specialization: 2/
 Program crops--
  Mixed grain 97.4 127.9 125.0 31.3 -2.3 6.6
  Wheat 59.1 56.3 63.0 -4.7 11.9 3.4
  Corn 115.2 142.6 135.0 23.8 -5.3 11.4
  Soybeans and peanuts 58.0 64.5 64.3 11.2 -0.3 3.5
  Cotton and rice 150.4 218.6 226.4 45.3 3.6 1.0
 Non-program crops--
  Other field crops 33.0 37.0 42.1 12.1 13.8 14.8
  Specialty crops 180.1 135.0 164.1 -25.0 21.6 9.3
 Livestock--
  Beef cattle 28.1 14.8 10.9 -47.3 -26.4 27.5
  Hogs 240.9 97.7 47.2 -59.4 -51.7 1.7
  Poultry 139.9 75.2 80.7 -46.2 7.3 3.7
  Dairy 190.6 151.9 27.0 -20.3 -82.2 6.5
  Other livestock 4.5 12.8 11.9 184.4 7.0 10.6
f = forecast.
1/ The farm level forecasts are derived from partial budget modeling on the 2008 ARMS using parameters from the sector forecasts. The model is static and therefore does not account for changes in crop rotation, weather, and other local production impacts that occurred after the base year.
2/ Commercial and intermediate farms; including non-family farms.
3/ Excludes farms run by hired managers and operations organized as cooperatives, non-family corporations, estates, and trusts.

Download table as a spreadsheet.

 

For more information, contact: Mitch Morehart

Web administration: webadmin@ers.usda.gov

Updated date: November 24, 2009