Indicators
| Annual percent change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1995 | 2000 | 2001 | 2002 | 2003 | 1990- 2000 | 2001- 02 | 2002- 03 | |
| Cash receipts ($ billion) | 169.5 | 188.0 | 192.0 | 199.8 | 192.9 | 205.5f | 1.3 | -3.5 | 6.5 |
| Crops | 80.3 | 100.8 | 92.4 | 93.4 | 99.5 | 104.6f | 1.4 | 6.5 | 5.1 |
| Livestock | 89.2 | 87.2 | 99.5 | 106.4 | 93.5 | 100.9f | 1.1 | -12.1 | 7.9 |
| Direct government payments ($ billion) | 9.3 | 7.3 | 22.9 | 20.7 | 11.0 | 19.6f | 9.4 | -46.9 | 78.2 |
| Gross cash income ($ billion) | 186.9 | 205.9 | 228.6 | 235.3 | 219.4 | 241.4f | 2.0 | -6.8 | 10.0 |
| Net cash income ($ billion) | 52.7 | 52.5 | 56.5 | 59.2 | 49.1 | 60.2f | 0.7 | -17.1 | 22.6 |
| Net value added ($ billion) | 80.8 | 74.8 | 92.0 | 94.2 | 76.9 | 97.3f | 1.3 | -18.4 | 26.5 |
| Farm equity ($ billion) | 702.6 | 815.0 | 1,022.3 | 1,059.0 | 1,096.4f | 1,132.6f | 3.8 | 3.5 | 3.3 |
| Farm debt-asset ratio | 16.4 | 15.6 | 15.3 | 15.4 | 15.5f | 15.4f | -0.7 | 0.6 | -0.6 |
| Farm household income ($/farm household) | 38,237 | 44,392 | 61,947 | 64,117p | 65,757p | 67,603f | 4.9 | 2.6 | 2.8 |
| Farm household income relative to average U.S. household income (%) | 103.1 | 98.8 | 108.6 | 110.2 | na | na | 0.5 | na | na |
| Nonmetro-metro difference in poverty rates (%points) | 3.6 | 2.2 | 2.6 | 3.1 | na | na | -3.2 | na | na |
| Cropland harvested (million acres) | 310 | 302 | 314 | 311 | 307p | na | 0.1 | -1.3 | na |
| USDA Conservation Program expenditures ($ bil.)1 | 3.0 | 3.5 | 3.4 | 3.7 | 3.5q | na | 1.3 | -5.4 | na |
| f = Forecast. p = Preliminary. q = 2002 Administration request. na = Not available. 1 Based on October-September fiscal years ending with year indicated. | |||||||||
| Annual percent change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1995 | 2000 | 2001 | 2002 | 2003 | 1990- 2000 | 2001- 02 | 2002- 03 | |
| U.S. gross domestic product ($ billion current)1 | 5,803 | 7,401 | 9,825 | 10,082 | 10,446 | 10,863f | 5.4 | 3.6 | 4.0 |
| Food and fiber share (%) | 15.1 | 14.2 | 12.6 | 12.3 | na | na | -1.8 | na | na |
| Farm sector share (%) | 1.4 | 1.0 | 0.8 | 0.8 | 0.8 | na | -5.4 | 0.0 | na |
| Total agricultural imports ($ billion)2 | 22.7 | 29.8 | 38.9 | 39.0 | 41.0 | 45.0 | 5.5 | 5.1 | 9.8 |
| Total agricultural exports ($ billion)2 | 40.3 | 54.6 | 50.7 | 52.7 | 53.3 | 55.5 | 2.3 | 1.1 | 4.1 |
| Exports' share of the volume of U.S. agriculture production (%) | 22.5 | 25.8 | 22.4 | 22.5 | 21.9p | na | -0.0 | -2.7 | na |
| CPI for food (1982-84=100) | 132.4 | 148.4 | 167.9 | 173.1 | 176.2 | 180.0 f | 2.4 | 1.8 | 2.2 |
| Share of U.S. disposable income spent on food (%) | 11.2 | 10.6 | 10.2 | 10.2 | 10.1 | na | -0.9 | -1.0 | na |
| Share of total food expenditures for at-home consumption (%) | 55.4 | 53.9 | 53.3 | 53.8 | 53.9p | na | -0.4 | 0.2 | na |
| Farm-to-retail price spread (1982-84=100) | 144.5 | 174.5 | 210.3 | 215.4 | 221.2 | na | 3.8 | 2.7 | na |
| Total USDA food and nutrition assistance spending ($ billion)2 | 24.9 | 37.9 | 32.6 | 34.2 | 38.0 | na | 2.7 | 11.1 | na |
| f = Forecast. p = Preliminary. na = Not available. 2Forecast for 2003 based on the Office of Management and Budget's Midsession Budget Review, July 2003. 1Based on October-September fiscal years ending with year indicated. | |||||||||
