| Balance sheet of the U.S. farming sector, 2007-2011F |
| Financial measures |
2007 |
2008 |
2009 |
2010 |
2011f |
%
chng
08-09 |
%
chng
09-10 |
%
chng
10-11f |
| 11/16/2011 |
$ million |
Percent |
| Farm assets |
2,055,276 |
2,023,302 |
2,054,378 |
2,190,857 |
2,339,783 |
1.5 |
6.6 |
6.8 |
| Real estate |
1,751,386 |
1,702,961 |
1,724,412 |
1,853,743 |
1,987,231 |
1.3 |
7.5 |
7.2 |
| Livestock and poultry |
80,649 |
80,607 |
79,785 |
81,372 |
80,194 |
-1.0 |
2.0 |
-1.4 |
| Machinery and motor vehicles 1/ |
114,706 |
123,380 |
125,971 |
127,940 |
133,487 |
2.1 |
1.6 |
4.3 |
| Crops stored 2/ |
22,703 |
27,610 |
32,887 |
35,595 |
39,551 |
19.1 |
8.2 |
11.1 |
| Purchased inputs |
7,019 |
7,167 |
7,217 |
7,345 |
7,567 |
0.7 |
1.8 |
3.0 |
| Financial assets |
78,812 |
81,577 |
84,106 |
84,862 |
91,753 |
3.1 |
0.9 |
8.1 |
| Total farm debt 3/ |
214,063 |
241,611 |
241,882 |
246,859 |
242,459 |
0.1 |
2.1 |
-1.8 |
| Real estate |
112,682 |
134,667 |
131,314 |
136,262 |
132,131 |
-2.5 |
3.8 |
-3.0 |
| Farm Credit System |
46,793 |
57,701 |
57,181 |
61,688 |
|
-0.9 |
7.9 |
|
| Farm Service Agency |
2,281 |
2,313 |
2,343 |
2,793 |
|
1.3 |
19.2 |
|
| Commercial banks |
41,884 |
50,564 |
50,084 |
51,867 |
|
-0.9 |
3.6 |
|
| Life insurance companies |
12,750 |
14,991 |
13,478 |
12,762 |
|
-10.1 |
-5.3 |
|
| Individuals and others |
8,657 |
8,948 |
7,759 |
6,931 |
|
-13.3 |
-10.7 |
|
| Storage facility loans |
316 |
151 |
469 |
222 |
|
210.7 |
-52.6 |
|
| Nonreal estate |
101,382 |
106,944 |
110,569 |
110,596 |
110,328 |
3.4 |
0.0 |
-0.2 |
| Farm Credit System |
31,622 |
37,290 |
39,883 |
40,533 |
|
7.0 |
1.6 |
|
| Farm Service Agency |
2,808 |
2,652 |
2,823 |
3,322 |
|
6.5 |
17.6 |
|
| Commercial banks |
54,129 |
57,313 |
57,027 |
56,609 |
|
-0.5 |
-0.7 |
|
| Individuals and others |
12,823 |
9,690 |
10,835 |
10,133 |
|
11.8 |
-6.5 |
|
| Farm equity |
1,841,212 |
1,781,691 |
1,812,496 |
1,943,998 |
2,097,324 |
1.7 |
7.3 |
7.9 |
| Selected ratios: |
| Debt-to-equity |
11.6 |
13.6 |
13.3 |
12.7 |
11.6 |
|
|
|
| Debt-to-asset |
10.4 |
11.9 |
11.8 |
11.3 |
10.4 |
|
|
|
| Note: F = forecast & P = preliminary. Numbers may not add due to rounding. Balance sheet is as of December 31. |
| 1/ Includes only farm share of value for trucks and automobiles. |
| 2/ Non-CCC crops held on farms plus value above loan rates for crops held under CCC. |
| 3/ Includes CCC storage and drying facilities loans but excludes debt on operator dwellings and for nonfarm purposes. |
See all forecast
tables.
|
|
