Indicators Table
| 2010 | 2011 | 2012 | 20131 | 20141 | 2010-111 | 2011-121 | 2012-131 | 2013-141 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash receipts ($ billion) | 321.0 | 367.9 | 395.1 | 398.3f | 372.8f | 14.6 | 7.4 | 0.8 | -6.4 |
| Crops ($ billion) | 179.5 | 202.0 | 223.5 | 216.1f | 189.4f | 12.5 | 10.6 | -3.3 | -12.4 |
| Livestock ($ billion) | 141.4 | 165.9 | 171.6 | 182.2f | 183.4f | 17.3 | 3.4 | 6.2 | 0.7 |
| Direct government payments ($ billion) | 12.4 | 10.4 | 10.6 | 11.2f | 6.1f | -15.9 | 1.9 | 5.3 | -45.5 |
| Gross cash income ($ billion) | 351.7 | 404.5 | 439.3 | 445.2f | 412.3f | 15.0 | 8.6 | 1.4 | -7.4 |
| Net cash income ($ billion) | 97.7 | 126.8 | 134.4 | 130.1f | 101.9f | 29.8 | 6.0 | -3.2 | -21.7 |
| Net value added ($ billion) | 131.0 | 168.8 | 172.1 | 193.9f | 160.3f | 28.9 | 2.0 | 12.7 | -17.3 |
| Farm equity ($ billion) | 2,079.5 | 2,235.4 | 2,510.9 | 2,620.6f | 2,684.7f | 7.5 | 12.3 | 4.4 | 2.4 |
| Farm debt-asset ratio | 11.8 | 11.6 | 10.7 | 10.6f | 10.5f | NA | NA | NA | NA |
| Median farm household income ($/farm household) | 54,162 | 57,050 | 68,298p4 | 68,489f | 68,132f | 5.3 | 19.7 | 0.2 | -- |
| Median farm household income relative to median U.S. household income (%) | 1.10 | 1.14 | 1.34 | NA | NA | -- | -- | -- | -- |
| Nonmetro-metro difference in poverty rates (% points) | 1.6 | 2.4 | 3.2 | NA | NA | -- | -- | -- | -- |
| Cropland harvested (million acres)3 | 315 | 302 | 316p | 310p | -- | -4.3 | 4.6 | NA | -- |
| USDA Conservation Program expenditures ($ billion)2 | 5.7 | 5.9 | 5.9 | 6.0 | -- | 4.0 | 0 | NA | -- |
| f = Forecast. p = Preliminary. na = Not available. All dollar amounts are in current dollars. 1Annual percent change. 2Based on October-September fiscal years ending with year indicated. 3The cropland harvested estimates do not double-count the acres on which multiple crops are grown. 4Differences between 2012 estimates and estimates from prior years reflect changes in survey methodology and implementation associated with the 2012 Agricultural Resource Management Survey in addition to changes in the economic situation of farm households. The farm income forecast reflects USDA’s assessment of the outlook for commodities as reflected in the latest WASDE report. Source: USDA, Economic Research Service and national Agricultural Statistics Service, Agricultural Resource Management Survey. Data as of November 26, 2013. |
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| 2010 | 2011 | 2012 | 20131 | 20141 | 2010-111 | 2011-121 | 2012-131 | 2013-141 | |
|---|---|---|---|---|---|---|---|---|---|
| U.S. gross domestic product ($ billion) | 14,958.3 | 15,533.8 | 16,244.6 | 16,799.7p | -- | NA | NA | NA | NA |
| Share of agriculture and related industries in GDP (%) | 4.7 | 4.7 | 4.8 | NA | -- | -- | -- | -- | -- |
| Share of agriculture in GDP (%) | 0.9 | 1.0 | 1.0 | NA | -- | -- | -- | -- | -- |
| Total agricultural imports ($ billion)2 | 79.0 | 94.5 | 103.4 | 103.4 | 110.0f | 19.6 | 9.4 | 0.4 | 6.0 |
| Total agricultural exports ($ billion)2 | 108.6 | 137.4 | 135.8 | 140.9 | 142.6f | 26.6 | -1.2 | 3.8 | 1.2-- |
| Export share of the volume of U.S. agricultural production (%) | 21.4 | 20.1 | 18.5p | 19.5f | -- | NA | NA | NA | NA |
| CPI for food (1982-84=100) | 219.6 | 227.8 | 233.8 | 237.6f | 244.7f | 3.7 | 2.6 | 1.4 | NA |
| Share of U.S. disposable income spent on food (%) | 9.7 | 9.8 | 10.0 | -- | -- | -- | -- | -- | -- |
| Share of total food expenditures for at-home consumption (%) | 51.3 | 51.3 | 50.6 | -- | -- | -- | NA | NA | NA |
| Total USDA food and nutrition assistance spending ($ billion)2 | 95.4 | 103.8 | 106.7 | 109.1 | -- | 8.3 | 2.6 | 2.0 | NA |
| f = Forecast. p = Preliminary. na = Not available. All dollar amounts are in current dollars. 1Annual percent change. 2Based on October-September fiscal years ending with year indicated. 3The cropland harvested estimates do not double-count the acres on which multiple crops are grown. 4Differences between 2012 estimates and estimates from prior years reflect changes in survey methodology and implementation associated with the 2012 Agricultural Resource Management Survey in addition to changes in the economic situation of farm households. The farm income forecast reflects USDA’s assessment of the outlook for commodities as reflected in the latest WASDE report. Source: USDA, Economic Research Service and national Agricultural Statistics Service, Agricultural Resource Management Survey. Data as of November 26, 2013. |
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