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Income statement for U.S. farm sector, 2004-2008F
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|
Component accounts |
2004 |
2005 |
2006 |
2007 |
2008F |
1998-2007 average |
|
08/28/08 |
$ billion
|
|
Cash income statement: |
|
|
|
|
|
|
|
1. Cash receipts |
237.2 |
240.9 |
240.8 |
284.8 |
335.8 |
219.1 |
|
Crops 1/ |
113.6 |
116.0 |
122.6 |
147.0 |
189.7 |
109.0 |
|
Livestock |
123.6 |
124.9 |
118.2 |
137.9 |
146.1 |
110.0 |
|
2. Direct government payments 2/ |
13.0 |
24.4 |
15.8 |
11.9 |
13.2 |
17.4 |
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3. Farm-related income 3/ |
17.1 |
16.2 |
17.5 |
16.6 |
17.4 |
15.5 |
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4. Gross cash income (1+2+3) |
267.3 |
281.5 |
274.1 |
313.4 |
366.4 |
251.9 |
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5. Cash expenses 4/ |
185.0 |
194.8 |
206.0 |
226.0 |
265.1 |
183.7 |
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6. NET CASH INCOME 5/ (4-5) |
82.3 |
86.6 |
68.0 |
87.4 |
101.3 |
68.2 |
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Farm income statement: |
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|
|
|
|
|
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7. Gross cash income (1+2+3) |
267.3 |
281.5 |
274.1 |
313.4 |
366.4 |
251.9 |
|
8. Nonmoney income 6/ |
17.1 |
19.2 |
21.3 |
24.0 |
25.4 |
15.8 |
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9. Inventory adjustment |
11.2 |
0.5 |
(3.0) |
3.7 |
(1.3) |
0.9 |
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10. Gross farm income (7+8+9) |
295.6 |
301.1 |
292.4 |
341.1 |
390.5 |
268.6 |
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11. Total expenses |
209.8 |
221.8 |
233.9 |
254.4 |
294.8 |
207.5 |
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12. NET FARM INCOME (10-11) |
85.8 |
79.3 |
58.5 |
86.8 |
95.7 |
61.1 |
|
F = forecast. P = preliminary. na = not applicable.
( ) = negative number. Numbers may not add due to
rounding.
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1/ Includes CCC loans. |
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2/ 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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3/ Income from custom work, machine hire, recreational
activities, forest product sales, and other farm
sources. |
| 4/
Excludes depreciation and perquisites to hired labor.
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5/ Excludes farm households. |
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6/ Value of home consumption of farm products plus
the imputed rental value of operator dwellings. |
| The
WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194
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Note: This farm income forecast reflects the USDA's
assessment of the outlook for commodities as reflected
in the latest available WASDE report. |
