Indicators
| Annual percent change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2003 | 2004 | 2005 | 2006 | 2007 | 2003-04 | 2004-05 | 2005-06 | 2006-07 | |
| Cash receipts ($ billion) |
215.6 | 237.3 | 240.7 | 239.3 | 282.2f | 10.1 | 1.4 | -0.6 | 17.9 |
| Crops | 109.9 | 113.7 | 115.9 | 120.0 | 142.6f | 3.5 | 1.9 | 3.5 | 18.8 |
| Livestock | 105.6 | 123.6 | 124.9 | 119.3 | 139.6f | 17.0 | 1.1 | -4.5 | 17.0 |
| Direct government payments ($ billion) |
16.5 | 13.0 | 24.4 | 15.8 | 12.1f | -21.2 | 87.7 | -35.2 | -23.4 |
| Gross cash income ($ billion) |
247.8 | 267.4 | 281.3 | 272.5 | 312.1f | 7.9 | 5.2 | -3.1 | 14.5 |
| Net cash income ($ billion) |
70.2 | 82.2 | 85.8 | 67.9 | 85.7f | 17.1 | 4.4 | -20.9 | 26.2 |
| Net value added ($ billion) |
100.0 | 127.8 | 121.4 | 104.4 | 136.2f | 27.8 | -5.0 | -14.0 | 30.5 |
| Farm equity ($ billion) |
1,203.6 | 1,401.9 | 1,576.1 | 1,771.8 | 2007.5f | 16.5 | 12.4 | 12.4 | 13.3 |
| Farm debt-asset ratio | 12.7 | 11.5 | 10.9 | 10.5 | 9.7f | -9.4 | -5.2 | -3.7 | -7.6 |
| Farm household income ($/farm household) |
68,597 | 81,596 | 81,599 | 77,654 | 83,622f | 18.9 | 0.0 | -4.8 | 7.7 |
| Farm household income relative to average U.S. household income (%) |
116.1 | 134.9 | 128.8 | 116.7 | na | 16.2 | -4.5 | -9.4 | na |
| Nonmetro-metro difference in poverty rates (%points)1 |
2.1 | na | 2.3 | 3.4 | na | na | na | na | na |
| Cropland harvested (million acres) |
315 | 312 | 312p | na | na | -1.0 | 0.0 | na | na |
| USDA Conservation Program expenditures ($ billion)2 |
4.3 | 5.1 | na | na | na | 18.6 | na | 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. 2 Based on October-September fiscal years ending with year indicated. |
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| Annual percent change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2003 | 2004 | 2005 | 2006 | 2007 | 2003-04 | 2004-05 | 2005-06 | 2006-07 | |
| U.S. gross domestic product ($ billion) |
10,961 | 11,686 | 12,434 | 13,195 | na | 6.6 | 6.4 | 6.1 | na |
| Share of agriculture and related industries in GDP (%)1 |
4.8 | 4.7 | 4.5 | na | na | -2.1 | -4.3 | na | na |
| Share of agriculture in GDP (%)1 |
0.8 | 1.0 | 0.8 | na | na | 19.2 | -16.3 | na | na |
| Total agricultural imports ($ billion)2 |
45.7 | 52.7 | 57.7 | 64.0 | 70.0 | 15.3 | 9.5 | 10.9 | 9.4 |
| Total agricultural exports ($ billion)2 |
56.0 | 62.4 | 62.5 | 68.6 | 81.9 | 11.4 | 0.2 | 9.8 | 19.4 |
| Export share of the volume of U.S. agricultural production (%)1 |
21.8 | 21.3 | 21.7 | 22.3 | 23.0f | -2.3 | 1.9 | 2.8 | 3.1 |
| CPI for food (1982-84=100) |
180.0 | 186.2 | 190.7 | 195.3 | 202.8f | 3.4 | 2.4 | 2.4 | 3.8 |
| Share of U.S. disposable income spent on food (%) |
9.8 | 9.7 | 9.8 | 9.9 | na | -1.0 | 1.0 | 1.0 | na |
| Share of total food expenditures for at-home consumption (%) |
51.8 | 51.5 | 51.4 | 51.1 | na | -0.6 | -0.2 | -0.6 | na |
| Farm-to-retail price spread (1982-84=100) |
225.6 | 232.1 | 239.2 | 246.0 | na | 2.9 | 3.1 | 2.8 | na |
| Total USDA food and nutrition assistance spending ($ billion)2 |
41.8 | 46.2 | 50.9 | 53.1 | na | 10.5 | 10.2 | 4.3 | 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. 2 Based on October-September fiscal years ending with year indicated. |
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