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Table Value Added to the U S Economy by the Agricultural Sector - April

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					Table 29—Value Added to the U.S. Economy by the Agricultural Sector
Component accounts Value of crop production Food grains Feed crops Cotton Oil crops Fruits and tree nuts Vegetables All other crops Home consumption Value of inventory adjustment 1 Value of livestock production Meat animals Dairy products Poultry and eggs Miscellaneous livestock Home consumption Value of inventory adjustment 1 Revenues from services and forestry Machine hire and customwork Forest products sold Other farm income Gross imputed rental value of farm dwellings Value of agricultural sector production 2 Minus Purchased inputs Farm origin Feed purchased Livestock and poultry purchased Seed purchased Manufactured inputs Fertilizers and lime Pesticides Petroleum fuel and oils Electricity Other intermediate expenses Repair and maintenance of capital items Machine hire and customwork Marketing, storage, and transportation Contract labor Miscellaneous expenses Plus Net government transactions + Direct government payments - Vehicle registration and licensing fees - Property taxes Gross value added Minus Minus Capital consumption Net value added Payments to stakeholders Employee compensation (total hired labor) Net rent received by nonoperator landlords Real estate and non-real estate interest
2

2004 124.5 8.9 27.4 4.8 17.9 15.5 16.2 23.0 0.1 10.7 124.4 62.4 27.4 29.5 4.4 0.2 0.6 34.1 3.4 2.4 11.3 17.0 283.0 137.5 57.5 29.7 18.2 9.6 31.6 11.4 8.6 8.2 3.4 48.3 11.9 3.6 7.2 3.1 22.4 5.4 13.0 0.5 7.0 151.0 23.1 127.8 41.9 20.4 10.0 11.4

2005 113.6 8.6 24.6 6.3 18.4 17.7 16.9 23.4 0.1 -2.4 126.4 64.8 26.7 28.9 4.5 0.3 1.3 35.2 2.8 2.5 10.9 19.0 275.2 144.6 56.9 28.0 18.4 10.4 35.4 12.8 8.8 10.3 3.5 52.3 11.9 3.5 8.8 3.1 25.1 15.8 24.4 0.6 8.0 146.4 25.0 121.4 44.3 20.7 10.6 13.0

2006 $ billion 118.0 9.1 28.0 6.2 18.2 17.0 17.9 23.6 0.1 -2.0 120.1 63.7 23.4 27.5 4.7 0.3 0.5 37.6 2.7 2.5 12.3 20.1 275.7 151.4 59.8 30.5 18.2 11.0 37.0 13.3 8.8 11.1 3.7 54.7 12.4 3.5 9.0 3.1 26.8 6.2 15.8 0.5 9.0 130.5 26.1 104.4 45.4 21.3 9.3 14.7

2007P 149.7 12.6 40.9 5.9 22.8 16.6 20.8 24.2 0.1 5.6 141.8 66.0 35.5 35.1 4.8 0.3 0.1 42.2 2.9 2.5 13.4 23.4 333.7 171.0 69.5 38.1 18.8 12.6 41.4 16.0 9.1 12.4 3.9 60.2 13.6 3.8 10.0 3.2 29.6 1.9 12.0 0.6 9.5 164.5 26.9 137.6 48.9 22.9 10.3 15.8

02/12/08 1998-2007 2008F average 175.5 15.6 58.1 6.2 32.4 17.7 19.6 25.1 0.2 0.8 139.0 64.6 34.8 34.4 4.9 0.3 0.0 43.6 3.1 2.5 13.7 24.2 358.1 188.6 76.0 45.0 17.9 13.1 47.1 19.0 10.1 14.0 4.1 65.4 14.8 4.1 10.9 3.4 32.2 3.2 13.4 0.6 9.6 172.7 28.6 144.1 51.8 23.9 12.0 15.8 109.8 8.3 25.4 5.0 16.8 14.1 16.7 22.2 0.2 1.1 110.6 55.7 24.7 25.8 4.3 0.2 -0.1 31.1 2.5 2.6 10.6 15.4 251.5 134.3 53.2 27.8 16.2 9.2 31.6 11.4 8.7 8.1 3.4 49.5 11.4 3.9 7.9 2.9 23.3 9.4 17.4 0.5 7.4 126.7 22.4 104.3 43.2 19.4 10.4 13.4

85.9 77.1 59.0 88.7 92.3 61.1 Net farm income 2 F = forecast. P = preliminary. Numbers may not add due to rounding. 1. A positive value of inventory change represents current-year production not sold by December 31. A negative value is an offset to production from prior years included in current-year sales. 2. Final sector output is the gross value of commodities and services produced within a year. Net value added is the sector's contribution to the National economy. Net farm income is farm operators' share of income from the sector's production activities. The concepts presented are consistent with those employed by the Organization for Economic Cooperation and Development (OECD). [Information contact: Roger Strickland, E-mail: rogers@ers.usda.gov]


				
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