Indicators
| Annual percent change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1990 | 2000 | 2001 | 2002 | 2003 | 2004 | 1990-2000 | 2002-03 | 2003-04 | |
| Cash receipts ($ billion) | 169.5 | 192.1 | 200.1 | 195.1 | 211.6 | 235.4f | 1.3 | 8.5 | 11.2 |
| Crops | 80.3 | 92.5 | 93.4 | 101.3 | 106.2 | 113.2f | 1.4 | 4.8 | 6.6 |
| Livestock | 89.2 | 99.6 | 106.7 | 93.8 | 105.5 | 122.2f | 1.1 | 12.5 | 15.8 |
| Direct government payments ($ billion) | 9.3 | 22.9 | 20.7 | 11.0 | 15.9 | 14.5f | 9.4 | 44.5 | -8.8 |
| Gross cash income ($ billion) | 186.9 | 228.7 | 235.6 | 222.0 | 243.9 | 266.1f | 2.0 | 9.9 | 9.1 |
| Net cash income ($ billion) | 52.7 | 56.7 | 59.5 | 50.7 | 68.6 | 77.8f | 0.7 | 35.3 | 13.4 |
| Net value added ($ billion) | 80.8 | 91.9 | 94.1 | 78.8 | 101.4 | 118.0f | 1.3 | 28.7 | 16.4 |
| Farm equity ($ billion) | 702.6 | 1,025.6 | 1,070.2 | 1,110.7 | 1,180.8 | 1,247.0f | 3.9 | 6.3 | 5.6 |
| Farm debt-asset ratio | 16.4 | 14.8 | 14.8 | 14.8 | 14.4 | 14.2f | -1.0 | -2.7 | -1.4 |
| Farm household income ($/farm household) | 38,237 | 61,947 | 64,117 | 65,757 | 68,506f | 71,102f | 4.9 | 4.2 | 3.8 |
| Farm household income relative to average U.S. household income (%) | 103.1 | 108.6 | 110.2 | 113.7 | na | na | 0.5 | na | na |
| Nonmetro-metro difference in poverty rates (%points) | 3.6 | 2.6 | 3.1 | 2.6 | 2.1 | na | -3.2 | -19.2 | na |
| Cropland harvested (million acres) | 310 | 314 | 311 | 307 | 315 | 312p | 0.1 | 2.6 | -1.0 |
| USDA Conservation Program expenditures ($ billion)1 | 3.0 | 3.4 | 3.7 | 3.5q | na | na | 1.3 | na | 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 | 2000 | 2001 | 2002 | 2003 | 2004 | 1990-2000 | 2002-03 | 2003-04 | |
| U.S. gross domestic product ($ billion)1 | 5,803 | 9,825 | 10,082 | 10,446 | 10,863f | na | 5.4 | 4.0 | na |
| Food and fiber share (%) | 15.1 | 12.6 | 12.3 | na | na | na | -1.8 | na | na |
| Farm sector share (%) | 1.4 | 0.8 | 0.8 | 0.8 | na | na | -5.4 | na | na |
| Total agricultural imports ($ billion)2 | 22.7 | 38.9 | 39.0 | 41.0 | 45.7 | 52.7 | 5.5 | 11.5 | 15.3 |
| Total agricultural exports ($ billion)2 | 40.3 | 50.7 | 52.7 | 53.3 | 56.2 | 62.3 | 2.3 | 5.4 | 10.9 |
| Export share of the volume of U.S. agricultural production (%) | 18.2 | 17.6 | 17.7 | 16.5 | 17.9 | na | -0.3 | 8.5 | na |
| CPI for food (1982-84=100) | 132.4 | 167.9 | 173.1 | 176.2 | 180.0 | 186.2 | 2.4 | 2.2 | 3.4 |
| Share of U.S. disposable income spent on food (%) | 11.2 | 10.1 | 10.2 | 10.1 | 10.1 | na | -1.0 | 0.0 | na |
| Share of total food expenditures for at-home consumption (%) | 55.4 | 53.3 | 53.9 | 53.8 | 53.1 | na | -0.4 | -1.3 | na |
| Farm-to-retail price spread (1982-84=100) | 144.5 | 210.3 | 215.4 | 221.2 | na | na | 3.8 | na | na |
| Total USDA food and nutrition assistance spending ($ billion)2 | 24.9 | 32.6 | 34.2 | 38.0 | 41.8 | 46.1 | 2.7 | 10.0 | 10.3 |
| f= Forecast. p = Preliminary. na = Not available. 1 Forecast for 2003 based on the Office of Management and Budget's Midsession Budget Review, July 2003. 2 Based on October-September fiscal years ending with year indicated. | |||||||||
