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Table Farm Income Statistics - May

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Table Farm Income Statistics - May Powered By Docstoc
					Table 30—Income Statement for U.S. Farm Sector
2004 Cash income statement 1. Cash receipts Crops 1 Livestock 2. Direct Government payments 3. Farm-related income 4. Gross cash income (1+2+3) 5. Cash expenses
4 3 2

2005

2006 $ billion

2007P

2008F

1998-2007 average

237.3 113.7 123.6 13.0 17.1 267.4 185.2 82.2 267.4 17.3 11.2 296.0 210.0

240.7 115.9 124.9 24.4 16.2 281.3 195.5 85.8 281.3 19.3 -1.1 299.6 222.5

239.3 120.0 119.3 15.8 17.5 272.5 204.7 67.9 272.5 20.5 -1.6 291.5 232.5

285.4 143.9 141.4 12.0 18.8 316.2 228.6 87.6 316.2 23.8 5.7 345.7 257.0

313.2 174.6 138.7 13.4 19.4 346.0 249.4 96.6 346.0 24.7 0.8 371.5 279.2

219.0 108.5 110.5 17.4 15.7 252.1 184.1 68.0 252.1 15.7 1.0 268.9 207.8

6. Net cash income 5 (4-5) Farm income statement 7. Gross cash income (1+2+3) 8. Noncash income 9. Value of inventory adjustment 10. Gross farm income (7+8+9) 11. Total production expenses
6

12. Net farm income (10-11) 85.9 77.1 59.0 88.7 92.3 61.1 F = forecast. P = preliminary. Numbers may not add due to rounding. 1. Includes commodities placed under CCC loans and profits made on loans redeemed. 2. Government payments reflect payments made directly to all recipients in the farm sector, including landlords. The nonoperator landlords share is offset by its inclusion in rental expenses paid to these landlords and thus is not reflected in net farm income or net cash income. 3. Income from custom labor, machine hire, recreational activities, forest product sales, and other farm sources. 4. Excludes depreciation and perquisites to hired labor. 5. Excludes farm operator dwellings. 6. Value of farm products consumed on farms where produced plus the imputed rental value of farm dwellings. [Information contacts: Roger Strickland, E-mail: rogers@ers.usda.gov] Note: The current farm income forecast and historical statistics can always be found at http://www.ers.usda.gov/Data/FarmIncome/finfidmu.htm


				
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