Indicators
| Annual percent change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2003-04 | 2003-04 | 2004-05 | 2005-06 | |
| Cash receipts ($ billion) | 195.0 | 215.5 | 237.9 | 238.9 | 235.3f | 10.5 | 10.4 | 0.4 | -1.5 |
| Crops | 101.0 | 109.9 | 114.3 | 114.0 | 116.3f | 8.8 | 4.0 | -0.3 | 2.0 |
| Livestock | 94.0 | 105.6 | 123.6 | 125.0 | 119.0f | 12.3 | 17.0 | 1.1 | -4.8 |
| Direct government payments ($ billion) | 12.4 | 16.5 | 13.0 | 24.3 | 18.2f | 33.1 | -21.2 | 86.9 | -25.1 |
| Gross cash income ($ billion) | 222.2 | 247.8 | 267.8 | 280.9 | 272.3f | 11.5 | 8.1 | 4.9 | -3.1 |
| Net cash income ($ billion) | 50.7 | 70.0 | 81.5 | 81.2 | 63.2f | 38.1 | 16.4 | -0.4 | -22.2 |
| Net value added ($ billion) | 82.2 | 102.0 | 128.9 | 120.4 | 103.0 | 24.1 | 26.4 | -6.6 | -14.5 |
| Farm equity ($ billion) | 1,110.7 | 1,180.8 | 1,383.1 | 1,591.2 | 1,702.1f | 6.3 | 17.1 | 15.0 | 7.0 |
| Farm debt-asset ratio | 14.8 | 14.4 | 12.7 | 11.9 | 11.3 | -2.7 | -11.8 | -6.3 | -5.0 |
| Farm household income ($/farm household) | 65,761 | 68,597 | 81,596 | 79,961 | 75,848f | 4.3 | 18.9 | -2.0 | -5.1 |
| Farm household income relative to average U.S. household income (%) | 113.7 | 116.1 | 134.8 | 126.2 | na | 2.1 | 16.1 | -6.4 | na |
| Nonmetro-metro difference in poverty rates (%points)1 | 2.6 | 2.1 | na | 2.3 | na | -19.2 | na | na | na |
| Cropland harvested (million acres) | 307 | 315 | 312 | 312p | na | 2.6 | -1.0 | 0.0 | na |
| USDA Conservation Program expenditures ($ billion)2 | 4.2 | 4.3 | 5.1 | na | na | 2.4 | 18.6 | na | na |
| f = Forecast. p = Preliminary. na = Not available. All dollar amounts are in current dollars. 1 The methodology for computing these measures has changed. These statistics are not comparable to previously published statistics. Sources and computation methodology are available at: http://www.ers.usda.gov/amber-waves/about/methodology-notes.aspx 2 Based on October-September fiscal years ending with year indicated. | |||||||||
| Annual percent change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2003-04 | 2003-04 | 2004-05 | 2005-06 | |
| U.S. gross domestic product ($ billion) | 10,470 | 10,961 | 11,713 | 12,487 | na | 4.8 | 7.0 | 6.4 | na |
| Share of agriculture and related industries in GDP (%)1 | 4.8 | 4.8 | 4.8 | na | na | 0.0 | 0.0 | na | na |
| Share of agriculture in GDP (%)1 | 0.7 | 0.8 | 1.0 | na | na | 11.1 | 19.2 | na | na |
| Total agricultural imports ($ billion)2 | 41.0 | 45.7 | 52.7 | 57.7 | 64.5 | 11.5 | 15.3 | 9.5 | 11.8 |
| Total agricultural exports ($ billion)2 | 53.3 | 56.0 | 62.4 | 62.5 | 68.0 | 5.1 | 11.4 | 0.2 | 8.8 |
| Export share of the volume of U.S. agricultural production (%)1 | 22.9 | 23.3 | 23.0 | 22.2p | na | 1.7 | -1.3 | -3.5 | na |
| CPI for food (1982-84=100) | 176.2 | 180.0 | 186.2 | 190.7 | 195.3 | 2.2 | 3.4 | 2.4 | 2.4 |
| Share of U.S. disposable income spent on food (%) | 9.8 | 9.8 | 9.7 | 9.9 | na | 0.0 | -1.0 | 2.1 | na |
| Share of total food expenditures for at-home consumption (%) | 52.2 | 52.0 | 51.5 | 51.5 | na | -0.4 | -1.0 | 0.0 | na |
| Farm-to-retail price spread (1982-84=100) | 221.2 | 225.6 | 232.1 | 238.3 | na | 2.0 | 2.9 | 2.7 | na |
| Total USDA food and nutrition assistance spending ($ billion)2 | 38.0 | 41.8 | 46.2 | 50.9 | na | 10.0 | 10.5 | 10.2 | na |
| f = Forecast. p = Preliminary. na = Not available. All dollar amounts are in current dollars. 1 The methodology for computing these measures has changed. These statistics are not comparable to previously published statistics. Sources and computation methodology are available at: http://www.ers.usda.gov/amber-waves/about/methodology-notes.aspx 2 Based on October-September fiscal years ending with year indicated. | |||||||||
