Indicator Table
| Annual percent change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | 2010-11 | 2011-12 | 2012-13 | 2013-14 | |
| 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 | 2.1 | 5.3 | -45.4 |
| 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 | 29.7 | 6.0 | -3.2 | -21.7 |
| Net value added ($ billion) | 131.0 | 168.8 | 172.1 | 193.9f | 160.3f | 28.8 | 1.9 | 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 ($/farm household) | 54,162 | 57,050 | 68,2984 | 68,489f | 68,132f | 5.3 | 19.7 | 0.3 | -0.5 |
| Median farm household income relative to median U.S. household income (%) | 1.10 | 1.14 | 1.34 | na | na | -- | -- | -- | -- |
| Nonmetro-metro difference in poverty rates (%points)1 | 1.6 | 2.4 | 3.2 | na | na | -- | -- | -- | -- |
| Cropland harvested (million acres)3 | 315 | 302 | 316p | 310p | na | -4.1 | 4.6 | -1.9 | na |
| USDA Conservation Program expenditures ($ billion)1,2 | 5.7 | 5.9 | 5.9 | na | na | 4.0 | 0 | na | na |
| Annual percent change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | 2010-11 | 2011-12 | 2012-13 | 2013-14 | |
| U.S. gross domestic product ($ billion) | 14,958.3 | 15,533.8 | 16,244.6 | 16,970.5f | na | na | na | na | na |
| Share of agriculture and related industries in GDP (%)1 | 4.8 | 4.7 | 4.8f | na | na | -- | -- | -- | -- |
| Share of agriculture in GDP (%)1 | 0.9 | 1.1 | 1.0f | na | na | -- | -- | -- | -- |
| Total agricultural imports ($ billion)2 | 79.0 | 94.5 | 103.4 | 103.4 | 109.5f | 19.6 | 9.4 | 0.4 | -- |
| Total agricultural exports ($ billion)2 | 108.6 | 137.4 | 135.8 | 140.9 | 137f | 26.6 | -1.2 | 3.8 | -- |
| Export share of the volume of U.S. agricultural production (%)1 | 21.5 | 20.2 | 21.0f | na | na | 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 | -- | -- | -- | na | na | na |
| Share of total food expenditures for at-home consumption (%) | 51.4 | 51.3 | 50.6 | -- | -- | -- | na | na | na |
| Farm-to-retail price spread (1982-84=100) | 269.3 | na | na | na | na | na | na | na | na |
| Total USDA food and nutrition assistance spending ($ billion)2 | 95.4 | 103.8 | 106.7 | 108.9 | na | 8.3 | 2.6 | 2.0 | na |
| Notes: f = Forecast. p = Preliminary. na = Not available. -- = not applicable. All dollar amounts are in current dollars. Data current as of March 2014. The latest farm income forecast (February 2014) reflects USDA's assessment of the outlook for commodities as reflected in the January 2014 WASDE report. The WASDE reports are available at: http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194. 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: www.ers.usda.gov/AmberWaves/About/IndicatorsNotes.htm 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. Source: USDA, Economic Research Service and National Agricultural Statistics Service, Agricultural Resource Management Survey. Data as of November 26, 2013. | |||||||||