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Farm Income and Costs: Farm Sector Income Forecast

Direct Government Payments, 2005-2009F
Government programs
2005
2006
2007
2008P
2009F
Change
2008 to
2009
02/12/09
$ million
Total direct payments 1/ 24,395.8 15,788.9 11,903.1 12,401.8 11,360.0 (1,041.8)
Production flexibility contract payments 2/ (0.9) (0.2) (0.4) 0.0 0.0 0.0
Fixed direct payments 3/ 5,198.8 5,052.1 5,059.7 5,154.7 4,890.0 (264.7)
Counter-cyclical payments 4/ 4,073.8 4,035.8 1,124.9 719.9 1,230.0 510.1
Loan deficiency payments 5,080.3 730.5 54.4 28.2 150.0 121.8
Marketing loan gains 5/ 368.7 188.2 271.8 6.0 55.0 49.0
Certificate exchange gains 1,614.0 873.3 818.4 56.0 480.0 424.0
Peanut quota buyout payments 22.3 21.2 0.0 0.0 0.0 0.0
Milk income loss program payments 9.6 431.2 73.4 0.3 700.0 699.7
Tobacco Transition Payment Program 6/ 2,083.0 1,206.3 901.2 600.0 360.0 (240.0)
Conservation program payments 7/ 2,767.5 2,974.5 3,073.3 3,150.0 3,230.0 80.0
Ad hoc and emergency program payments 8/ 3,168.8 274.5 527.2 2,650.0 260.0 (2,390.0)
Miscellaneous program payments 9/ 9.9 1.7 (0.1) 36.7 5.0 (31.7)
P = preliminary. F = forecast. Numbers may not add due to rounding.
1/ Includes only those funds paid directly to farmers within the calendar year.
2/ Enactment of the 2002 Farm Act terminated the authority for production flexibility contract payments.
3/ The calendar year 2008 forecast includes estimated 2008 crop advance and final payments and forecast 2009 crop advance payments in December 2008.
4/ The 2008 calendar year forecast includes 2007 crop payments for peanuts and upland cotton. Counter-cyclical payments for other commodities, scheduled to be paid in calendar year 2008, are projected to be zero.
5/ In publications prior to May of 2001, marketing loan gains were included in cash receipts rather than in government payments in the farm sector income accounts.
6/ The estimates here include TTPP payments and lump-sum payments to quota holders and producers. The TTPP payments to private parties are not included.
7/ This category includes all conservation programs except for those considered as emergency assistance such as the Emergency Conservation Program.
8/ This category includes all programs providing disaster and emergency assistance payments to growers.
9/ Miscellaneous programs and provisions vary from year to year. Included here are CCP--Fruit and Vegetable Violation, CCP--Late Fees, and CCP--Payment Limitation Over payments which could not be directly linked to either Direct or Counter-cyclical Program payments. This estimate also does not include payments authorized by P.L. 110-161--Consolidated Appropriations Act, 2008.

 

See all forecast tables.

For more information, contact: Steve Vogel

Web administration: webadmin@ers.usda.gov

Updated date: February 12, 2009