Farm income and balance sheet indicators, 1929 - 2012F, expressed

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Farm income and balance sheet indicators, 1929 - 2012F, expressed Powered By Docstoc
					Part 1: Farm income and balance sheet indicators, 1929 - 2012F, expressed in constant (2005 = 100) dollars. 1/ 2/

  Year        GDP           GDP           Value of      Value of      Revenues        Value of     Purchased    Direct         Gross         Capital      Net       Payments      Employee
           chain-type      implicit         crop        livestock        from           farm         inputs  government        value       consumption   value          to      compensation
              price         price        production    production      forestry        sector                 payments         added                     added     stakeholders    (total for
            index 3/      deflator 3/        4/             4/        & services     production                                                                                  hired labor)

            Number         Number                                                                              Billion dollars (2005 = 100)

 1929            10.59          10.61           51.7           70.2            8.6         130.4        31.6            0.0         92.4           8.6      83.7          25.7           12.3
 1930            10.18          10.23           39.6           61.9            8.5         110.0        28.7            0.0         74.6           9.4      65.2          23.4           11.6
 1931             9.17           9.17           36.7           51.7            8.4          96.8        23.7            0.0         66.4           9.3      57.1          20.6           10.0
 1932             8.13           8.10           29.4           42.6            8.2          80.2        21.2            0.0         52.4           9.0      43.4          18.3            8.2
 1933             7.92           7.88           34.7           43.2            7.8          85.7        22.9            1.7         58.6           8.1      50.5          18.2            7.8
 1934             8.30           8.31           31.6           47.3            7.7          86.6        25.0            5.4         61.5           7.8      53.7          18.5            8.2
 1935             8.47           8.48           48.9           59.0            8.1         116.0        27.6            6.8         89.7           7.8      81.9          19.6            9.2
 1936             8.56           8.57           39.1           65.8            8.1         113.0        31.5            3.2         79.3           8.5      70.8          20.5           10.1
 1937             8.88           8.94           59.1           66.2            8.3         133.5        34.4            3.8         97.4           9.0      88.4          20.8           11.1
 1938             8.71           8.68           41.2           63.2            8.6         112.9        32.5            5.1         80.0           9.6      70.4          20.4           11.2
 1939             8.60           8.60           44.6           62.1            8.6         115.3        36.5            8.9         82.0           9.1      72.9          21.5           11.5
 1940             8.67           8.70           46.2           67.6            8.6         122.4        41.7            8.3         83.4           9.2      74.2          22.6           11.9
 1941             9.24           9.29           54.7           85.5            8.3         148.6        43.5            5.9        105.6           9.4      96.2          25.9           13.5
 1942            10.00          10.01           76.8          107.4            8.2         192.4        52.0            6.5        141.9          13.4     128.6          30.0           16.3
 1943            10.56          10.56           86.2          120.4            8.3         214.9        58.8            6.1        157.3          13.0     144.4          33.3           19.2
 1944            10.82          10.81           89.4          116.9            8.8         215.1        62.1            7.2        155.2          13.2     142.0          33.8           20.4
 1945            11.09          11.09           94.9          117.7            9.5         222.1        66.7            6.7        156.7          11.8     144.9          33.8           20.7
 1946            12.37          12.41           98.5          123.8           10.5         232.8        67.6            6.2        166.5           9.6     156.9          35.0           20.5
 1947            13.74          13.76           89.4          133.4           10.5         233.4        73.3            2.3        157.1          11.3     145.8          34.0           20.3
 1948            14.52          14.53          107.3          131.6           10.4         249.3        76.6            1.8        168.8          13.8     155.0          33.4           20.6
 1949            14.52          14.50           82.4          118.6            9.7         210.7        70.4            2.6        135.2          16.3     118.9          30.7           19.3
 1950            14.63          14.66           90.2          124.0           10.1         224.4        76.3            3.9        143.2          18.2     124.9          31.7           19.2
 1951            15.64          15.71           89.7          142.7           10.6         243.0        84.2            3.7        153.7          20.1     133.6          31.9           18.7
 1952            15.98          15.98           95.9          127.3           11.3         234.6        83.3            3.4        146.0          20.8     125.1          31.6           17.9
 1953            16.18          16.17           87.5          112.7           11.4         211.6        75.1            2.6        130.7          21.3     109.3          29.2           16.9
 1954            16.34          16.32           88.3          108.2           11.1         207.6        76.6            3.1        125.4          21.9     103.5          27.8           15.9
 1955            16.58          16.60           86.0          103.3           11.2         200.6        76.9            2.8        117.6          22.3      95.3          27.2           15.8
 1956            17.15          17.17           84.2           99.7           10.9         194.8        76.2            6.5        114.5          21.7      92.7          27.2           15.4
 1957            17.75          17.74           76.9          102.3           11.0         190.3        77.3           11.4        111.1          22.0      89.1          26.7           15.4
 1958            18.16          18.14           82.7          114.4           11.5         208.6        84.3           12.0        122.7          22.1     100.6          28.0           15.7
 1959            18.36          18.36           80.4          109.9           12.3         202.6        90.0            7.4        108.1          23.1      85.0          26.6           14.1
 1960            18.62          18.61           84.2          106.7           12.6         203.5        87.0            3.8        111.5          23.3      88.2          28.0           14.8
 1961            18.83          18.82           84.0          110.4           13.0         207.4        89.7            7.9        116.7          23.3      93.4          29.9           15.2
 1962            19.09          19.08           87.3          112.2           13.2         212.7        94.3            9.2        118.3          23.7      94.6          31.4           15.5
 1963            19.29          19.28           93.0          109.3           13.7         216.0        96.7            8.8        118.7          24.3      94.3          33.3           15.8
 1964            19.59          19.58           86.1          104.5           14.2         204.8        93.6           11.1        112.8          25.0      87.7          34.2           16.0
 1965            19.95          19.94           95.4          111.3           14.4         221.0        97.1           12.3        126.4          25.6     100.8          36.1           16.1
 1966            20.51          20.50           89.3          126.1           14.7         230.1       104.3           16.0        131.5          26.2     105.3          37.2           16.0
 1967            21.14          21.13           90.9          118.2           15.3         224.4       105.8           14.6        122.7          27.3      95.3          37.0           15.8
 1968            22.04          22.03           85.9          118.4           15.2         219.5       102.8           15.7        121.6          28.1      93.5          37.6           15.8
 1969            23.13          23.12           85.1          126.8           15.6         227.5       104.5           16.4        128.3          28.4      99.9          38.1           15.9
 1970            24.35          24.34           84.3          126.4           15.6         226.3       104.7           15.3        125.8          28.4      97.4          38.4           16.1
 1971            25.57          25.55           91.6          123.1           16.0         230.7       107.0           12.3        125.0          29.0      96.0          37.3           15.4
 1972            26.67          26.66           97.3          138.4           16.2         251.9       112.0           14.9        143.8          29.7     114.2          41.2           15.4
 1973            28.15          28.14          152.9          171.8           17.4         342.1       136.8            9.3        204.0          31.8     172.2          50.1           16.6
 1974            30.70          30.69          160.1          139.5           18.7         318.3       136.6            1.7        173.0          34.3     138.7          49.8           17.9
 1975            33.61          33.59          150.0          127.9           18.9         296.8       128.0            2.4        161.4          36.8     124.6          48.7           17.7
 1976            35.54          35.52          136.1          131.2           20.2         287.6       134.3            2.1        145.1          38.8     106.3          49.5           19.1
 1977            37.80          37.78          135.3          125.2           22.4         283.0       133.6            4.8        144.2          41.0     103.2          50.6           19.0
 1978            40.45          40.44          140.0          145.5           24.6         310.1       150.7            7.5        157.5          41.9     115.6          53.3           18.2
 1979            43.81          43.80          152.1          162.5           26.2         340.9       165.9            3.1        168.9          44.2     124.7          62.2           18.2
 1980            47.82          47.79          134.6          147.1           27.9         309.5       161.0            2.7        142.7          44.9      97.8          64.0           17.3
 1981            52.33          52.27          150.8          134.6           28.8         314.2       148.0            3.7        161.4          45.1     116.3          65.0           15.2
 1982            55.51          55.46          129.4          127.0           33.0         289.4       137.5            6.3        150.6          43.6     107.0          64.1           14.9
 1983            57.71          57.65           98.6          121.4           30.6         250.5       132.5           16.1        126.0          41.2      84.9          60.1           14.0
 1984            59.87          59.82          129.8          120.3           16.3         266.5       131.8           14.1        141.2          35.1     106.1          62.8           13.8
 1985            61.69          61.63          119.4          111.8           17.4         248.6       119.1           12.5        134.2          31.5     102.7          56.5           13.8
 1986            63.06          62.99          100.4          112.2           16.3         228.9       113.2           18.7        126.7          28.1      98.6          49.2           13.4
 1987            64.82          64.82           99.5          116.9           17.7         234.0       117.4           25.8        134.4          26.6     107.8          49.2           13.4
 1988            67.05          67.05          103.3          117.3           23.2         243.8       124.4           21.6        132.8          26.3     106.5          47.4           14.5
 1989            69.58          69.58          117.1          119.9           22.7         259.7       126.4           15.6        140.6          26.0     114.6          47.8           15.2
 1990            72.27          72.26          115.1          124.6           21.1         260.8       127.6           12.9        137.5          25.1     112.4          48.4           17.2
 1991            74.83          74.82          108.5          116.6           20.6         245.7       126.0           11.0        122.5          24.3      98.2          44.4           16.3
 1992            76.60          76.60          116.3          113.8           19.8         249.8       120.9           12.0        132.4          23.9     108.6          43.1           15.9
 1993            78.29          78.29          105.6          117.5           21.7         244.8       127.7           17.1        126.0          23.2     102.8          43.1           16.8
 1994            79.94          79.94          125.7          112.3           22.5         260.5       130.0            9.9        132.0          23.0     108.9          43.1           16.8
 1995            81.60          81.61          117.5          107.5           24.4         249.4       133.3            8.9        116.6          23.2      93.4          44.7           17.5
 1996            83.15          83.16          139.1          110.7           24.9         274.8       134.9            8.8        140.3          22.9     117.4          46.5           18.1
 1997            84.63          84.63          132.9          113.8           25.7         272.4       141.8            8.9        131.1          22.7     108.3          47.7           18.8
 1998            85.58          85.58          119.3          110.0           28.0         257.3       137.6           14.5        125.9          22.9     103.1          48.0           19.6
 1999            86.84          86.84          106.8          109.6           29.3         245.8       136.7           24.8        125.5          22.8     102.7          47.8           20.0
 2000            88.72          88.72          107.0          111.7           27.5         246.2       137.3           26.2        126.8          22.7     104.1          47.0           20.2
 2001            90.73          90.73          104.7          117.2           28.7         250.7       138.5           24.7        128.8          22.7     106.1          45.6           20.7
 2002            92.19          92.20          106.2          101.4           29.1         236.6       133.8           13.5        108.5          22.7      85.7          43.3           20.7
 2003            94.13          94.14          115.3          111.5           30.4         257.3       138.5           17.6        128.5          22.8     105.7          41.0           19.9
 2004            96.78          96.79          129.3          128.4           33.6         291.3       142.0           13.4        154.9          23.8     131.0          40.7           20.9
 2005           100.00         100.00          114.4          126.5           33.2         274.1       144.1           24.4        145.8          24.9     120.9          42.1           20.5
 2006           103.24         103.23          115.0          115.6           35.2         265.8       148.9           15.3        122.9          25.4      97.5          41.9           20.5
 2007           106.23         106.23          142.2          130.3           35.9         308.4       173.5           11.2        135.8          25.4     110.4          44.5           23.1
 2008           108.57         108.57          168.6          129.3           38.7         336.6       186.3           11.3        151.1          26.4     124.7          46.3           23.3
 2009           109.53         109.53          153.9          109.4           39.0         302.3       172.9           11.1        130.5          27.5     103.0          45.5           22.9
 2010           111.00         110.99          155.7          127.0           35.6         318.2       173.3           11.2        145.8          27.7     118.2          45.7           21.2
 2011           113.37         113.36          180.7          145.2           42.9         368.8       191.9            9.2        175.4          28.4     147.1          43.1           20.0
 2012F          115.08         115.07          188.7          142.9           50.9         382.6       202.6           9.6       178.3           28.3      150.0           43.8            19.2

   10-year average (2002-11) >>                138.1          122.5           35.4         295.9       160.5          13.8       139.9           25.5      114.4           43.4            21.3

      1/ The GDP chain-type price index is used to convert the current-dollar statistics to 2005=100 equivalents. The GDP implicit price deflator is included should one prefer it.
         Those differences are minor. Significant differences should occur only in periods of high inflation.
      2/ Farm sector income and balance sheet forecast statistics are as of 8/28/2012.
      3/ Source: Bureau of Economic Analysis (BEA), Department of Commerce, except for the 2012 forecasts. BEA significantly
         revised GDP chain-type price indexes back to 2003 in late July 2011. Minor adjustments have been made to both GDP deflators in this file back to 1929 to align them with BEA's series.
      4/ For both crops and livestock, the value of production equates to the sum of cash receipts, home consumption, and the value of the change in inventories.
         The three components represent a partitioning of the production and the relative shares have no effect on net farm income, thus value of production is the key to
         understanding the economic forces underlying trends and changes in the farm sector as reflected in the two income measures, net value added and net farm income.
         ---------------------
          Economic Research Service/USDA
          Information Contact: Ted Covey, E-mail: tcovey@ers.usda.gov
         ---------------------

Part 2: Farm income and balance sheet indicators, 1929 - 2012F, expressed in nominal dollars. 1/ 2/

  Year        GDP           GDP           Value of      Value of      Revenues        Value of     Purchased    Direct        Gross        Capital        Net        Payments      Employee
           chain-type      implicit         crop        livestock        from           farm         inputs  government       value      consumption     value           to      compensation
              price         price        production    production      forestry        sector                 payments        added                      added      stakeholders    (total for
            index 3/      deflator 3/        4/             4/        & services     production                                                                                   hired labor)




 1929            10.59          10.61            5.5            7.4            0.9          13.8         3.3           0.0         9.8            0.9         8.9           2.7             1.3
 1930            10.18          10.23            4.0            6.3            0.9          11.2         2.9           0.0         7.6            1.0         6.6           2.4             1.2
 1931             9.17           9.17            3.4            4.7            0.8           8.9         2.2           0.0         6.1            0.9         5.2           1.9             0.9
 1932             8.13           8.10            2.4            3.5            0.7           6.5         1.7           0.0         4.3            0.7         3.5           1.5             0.7
 1933             7.92           7.88            2.8            3.4            0.6           6.8         1.8           0.1         4.6            0.6         4.0           1.4             0.6
 1934             8.30           8.31            2.6            3.9            0.6           7.2         2.1           0.4         5.1            0.7         4.5           1.5             0.7
 1935             8.47           8.48            4.1            5.0            0.7           9.8         2.3           0.6         7.6            0.7         6.9           1.7             0.8
 1936             8.56           8.57            3.3            5.6            0.7           9.7         2.7           0.3         6.8            0.7         6.1           1.8             0.9
 1937             8.88           8.94            5.2            5.9            0.7          11.8         3.1           0.3         8.6            0.8         7.9           1.8             1.0
 1938             8.71           8.68            3.6            5.5            0.7           9.8         2.8           0.4         7.0            0.8         6.1           1.8             1.0
 1939             8.60           8.60            3.8            5.3            0.7           9.9         3.1           0.8         7.1            0.8         6.3           1.9             1.0
 1940             8.67           8.70            4.0            5.9            0.7          10.6         3.6           0.7         7.2            0.8         6.4           2.0             1.0
 1941             9.24           9.29            5.1            7.9            0.8          13.7         4.0           0.5         9.8            0.9         8.9           2.4             1.2
 1942            10.00          10.01            7.7           10.7            0.8          19.2         5.2           0.7        14.2            1.3        12.9           3.0             1.6
 1943            10.56          10.56            9.1           12.7            0.9          22.7         6.2           0.6        16.6            1.4        15.2           3.5             2.0
 1944            10.82          10.81            9.7           12.6            1.0          23.3         6.7           0.8        16.8            1.4        15.4           3.7             2.2
 1945            11.09          11.09           10.5           13.1            1.1          24.6         7.4           0.7        17.4            1.3        16.1           3.8             2.3
 1946            12.37          12.41           12.2           15.3            1.3          28.8         8.4           0.8        20.6            1.2        19.4           4.3             2.5
 1947            13.74          13.76           12.3           18.3            1.4          32.1        10.1           0.3        21.6            1.6        20.0           4.7             2.8
 1948            14.52          14.53           15.6           19.1            1.5          36.2        11.1           0.3        24.5            2.0        22.5           4.9             3.0
 1949            14.52          14.50           12.0           17.2            1.4          30.6        10.2           0.4        19.6            2.4        17.3           4.5             2.8
 1950            14.63          14.66           13.2           18.1            1.5          32.8        11.2           0.6        20.9            2.7        18.3           4.6             2.8
 1951            15.64          15.71           14.0           22.3            1.6          38.0        13.2           0.6        24.0            3.1        20.9           5.0             2.9
 1952            15.98          15.98           15.3           20.3            1.8          37.5        13.3           0.5        23.3            3.3        20.0           5.0             2.9
 1953            16.18          16.17           14.1           18.2            1.8          34.2        12.2           0.4        21.1            3.5        17.7           4.7             2.7
 1954            16.34          16.32           14.4           17.7            1.8          33.9        12.5           0.5        20.5            3.6        16.9           4.5             2.6
 1955            16.58          16.60           14.3           17.1            1.9          33.2        12.7           0.5        19.5            3.7        15.8           4.5             2.6
 1956            17.15          17.17           14.4           17.1            1.9          33.4        13.1           1.1        19.6            3.7        15.9           4.7             2.6
 1957            17.75          17.74           13.7           18.2            2.0          33.8        13.7           2.0        19.7            3.9        15.8           4.7             2.7
 1958            18.16          18.14           15.0           20.8            2.1          37.9        15.3           2.2        22.3            4.0        18.3           5.1             2.8
 1959            18.36          18.36           14.8           20.2            2.3          37.2        16.5           1.4        19.9            4.3        15.6           4.9             2.6
 1960            18.62          18.61           15.7           19.9            2.3          37.9        16.2           0.7        20.8            4.3        16.4           5.2             2.7
 1961            18.83          18.82           15.8           20.8            2.4          39.1        16.9           1.5        22.0            4.4        17.6           5.6             2.9
 1962            19.09          19.08           16.7           21.4            2.5          40.6        18.0           1.7        22.6            4.5        18.1           6.0             3.0
 1963            19.29          19.28           17.9           21.1            2.6          41.7        18.7           1.7        22.9            4.7        18.2           6.4             3.1
 1964            19.59          19.58           16.9           20.5            2.8          40.1        18.3           2.2        22.1            4.9        17.2           6.7             3.1
 1965            19.95          19.94           19.0           22.2            2.9          44.1        19.4           2.5        25.2            5.1        20.1           7.2             3.2
 1966            20.51          20.50           18.3           25.9            3.0          47.2        21.4           3.3        27.0            5.4        21.6           7.6             3.3
 1967            21.14          21.13           19.2           25.0            3.2          47.4        22.4           3.1        25.9            5.8        20.2           7.8             3.3
 1968            22.04          22.03           18.9           26.1            3.4          48.4        22.7           3.5        26.8            6.2        20.6           8.3             3.5
 1969            23.13          23.12           19.7           29.3            3.6          52.6        24.2           3.8        29.7            6.6        23.1           8.8             3.7
 1970            24.35          24.34           20.5           30.8            3.8          55.1        25.5           3.7        30.6            6.9        23.7           9.4             3.9
 1971            25.57          25.55           23.4           31.5            4.1          59.0        27.4           3.1        32.0            7.4        24.5           9.5             3.9
 1972            26.67          26.66           26.0           36.9            4.3          67.2        29.9           4.0        38.4            7.9        30.5          11.0             4.1
 1973            28.15          28.14           43.1           48.4            4.9          96.3        38.5           2.6        57.4            8.9        48.5          14.1             4.7
 1974            30.70          30.69           49.2           42.8            5.7          97.7        41.9           0.5        53.1           10.5        42.6          15.3             5.5
 1975            33.61          33.59           50.4           43.0            6.4          99.7        43.0           0.8        54.2           12.4        41.9          16.4             6.0
 1976            35.54          35.52           48.4           46.6            7.2         102.2        47.7           0.7        51.6           13.8        37.8          17.6             6.8
 1977            37.80          37.78           51.2           47.3            8.5         106.9        50.5           1.8        54.5           15.5        39.0          19.1             7.2
 1978            40.45          40.44           56.6           58.9           10.0         125.4        61.0           3.0        63.7           17.0        46.8          21.6             7.4
 1979            43.81          43.80           66.7           71.2           11.5         149.3        72.7           1.4        74.0           19.3        54.6          27.2             8.0
 1980            47.82          47.79           64.4           70.3           13.3         148.0        77.0           1.3        68.2           21.5        46.7          30.6             8.3
 1981            52.33          52.27           78.9           70.4           15.1         164.4        77.4           1.9        84.4           23.6        60.9          34.0             7.9
 1982            55.51          55.46           71.8           70.5           18.3         160.7        76.3           3.5        83.6           24.2        59.4          35.6             8.3
 1983            57.71          57.65           56.9           70.0           17.6         144.6        76.5           9.3        72.7           23.8        49.0          34.7             8.1
 1984            59.87          59.82           77.7           72.0            9.8         159.6        78.9           8.4        84.5           21.0        63.5          37.6             8.3
 1985            61.69          61.63           73.7           69.0           10.7         153.4        73.5           7.7        82.8           19.4        63.3          34.8             8.5
 1986            63.06          62.99           63.3           70.7           10.3         144.3        71.4          11.8        79.9           17.7        62.2          31.0             8.4
 1987            64.82          64.82           64.5           75.7           11.4         151.7        76.1          16.7        87.1           17.2        69.9          31.9             8.7
 1988            67.05          67.05           69.3           78.6           15.5         163.4        83.4          14.5        89.0           17.6        71.4          31.8             9.8
 1989            69.58          69.58           81.5           83.5           15.8         180.7        88.0          10.9        97.8           18.1        79.7          33.2            10.6
 1990            72.27          72.26           83.2           90.0           15.3         188.5        92.2           9.3        99.3           18.1        81.2          35.0            12.4
 1991            74.83          74.82           81.2           87.2           15.4         183.8        94.3           8.2        91.6           18.2        73.5          33.2            12.2
 1992            76.60          76.60           89.1           87.1           15.2         191.4        92.6           9.2       101.4           18.3        83.2          33.0            12.2
 1993            78.29          78.29           82.7           92.0           17.0         191.6       100.0          13.4        98.7           18.2        80.5          33.8            13.1
 1994            79.94          79.94          100.5           89.7           18.0         208.2       103.9           7.9       105.5           18.4        87.1          34.5            13.4
 1995          81.60          81.61           95.9           87.8           19.9          203.6       108.8           7.3        95.1           18.9        76.2           36.5            14.3
 1996          83.15          83.16          115.7           92.1           20.7          228.5       112.2           7.3       116.7           19.1        97.6           38.7            15.1
 1997          84.63          84.63          112.5           96.3           21.7          230.5       120.0           7.5       110.9           19.3        91.7           40.4            15.9
 1998          85.58          85.58          102.1           94.2           23.9          220.2       117.7          12.4       107.8           19.6        88.2           41.1            16.8
 1999          86.84          86.84           92.8           95.2           25.4          213.4       118.7          21.5       109.0           19.8        89.2           41.5            17.4
 2000          88.72          88.72           95.0           99.1           24.4          218.4       121.8          23.2       112.5           20.1        92.4           41.7            17.9
 2001          90.73          90.73           95.0          106.4           26.1          227.5       125.7          22.4       116.8           20.6        96.3           41.4            18.8
 2002          92.19          92.20           97.9           93.5           26.8          218.2       123.3          12.4       100.0           20.9        79.1           39.9            19.1
 2003          94.13          94.14          108.6          105.0           28.6          242.2       130.4          16.5       121.0           21.4        99.5           38.5            18.7
 2004          96.78          96.79          125.1          124.3           32.5          281.9       137.4          13.0       149.9           23.1       126.8           39.4            20.2
 2005         100.00         100.00          114.4          126.5           33.2          274.1       144.1          24.4       145.8           24.9       120.9           42.1            20.5
 2006         103.24         103.23          118.7          119.3           36.4          274.4       153.7          15.8       126.9           26.2       100.7           43.2            21.2
 2007         106.23         106.23          151.1          138.4           38.1          327.7       184.3          11.9       144.3           27.0       117.3           47.3            24.5
 2008         108.57         108.57          183.0          140.4           42.0          365.4       202.3          12.2       164.0           28.7       135.4           50.3            25.3
 2009         109.53         109.53          168.6          119.8           42.7          331.2       189.4          12.2       142.9           30.1       112.8           49.8            25.0
 2010         111.00         110.99          172.8          140.9           39.5          353.2       192.3          12.4       161.9           30.7       131.2           50.8            23.5
 2011         113.37         113.36          204.8          164.6           48.6          418.1       217.6          10.4       198.9           32.1       166.7           48.8            22.6
2012F         115.08         115.07          217.2          164.5           58.6          440.3       233.2          11.1       205.2           32.5       172.6           50.4            22.1

 10-year average (2002-11) >>                144.5          127.3           36.8          308.6       167.5          14.1       145.6           26.5       119.0           45.0            22.1

   1/ The GDP chain-type price index is used to convert the current-dollar statistics to 2005=100 equivalents. The GDP implicit price deflator is included should one prefer it.
      Those differences are minor. Significant differences should occur only in periods of high inflation.
   2/ Farm sector income and balance sheet forecast statistics are as of 8/28/2012.
   3/ Source: Bureau of Economic Analysis (BEA), Department of Commerce, except for the 2012 forecast. BEA significantly
      revised GDP chain-type price indexes back to 2003 in late July 2011. Minor adjustments have been made to both GDP deflators in this file back to 1929 to align them with BEA's series.
   4/ For both crops and livestock, the value of production equates to the sum of cash receipts, home consumption, and the value of the change in inventories.
      The three components represent a partitioning of the production and the relative shares have no effect on net farm income, thus value of production is the key to
      understanding the economic forces underlying trends and changes in the farm sector as reflected in the two income measures, net value added and net farm income.
      ---------------------
       Economic Research Service/USDA
       Information Contact: Ted Covey, E-mail: tcovey@ers.usda.gov
      ---------------------
      Notes:
      For analytical purposes, the value-added format is the more revealing framework for presenting the farm sector's income statement; however,
      should one prefer to use the abbreviated gross income/production expense format, it can be constructed from the above data as follows:

                                                                                      2011

                                                                                     $ billion

                            Gross farm income                                                 428.5
                              Value of agricultural sector production                         418.1
                                Value of crop production                                      204.8
                                Value of livestock production                                 164.6
                                Revenues from forestry and services                            48.6
                              Direct government payments                                       10.4
                    less Total production expenses                                            310.6
                 equals Net farm income                                                       117.9
        ---------------------
        Notices:
        The above statistics and much more can found in assorted spreadsheets on the web page: http://www.ers.usda.gov/data/farmincome/finfidmu.htm
        We send notices when we have a significant new release of the farm income or farm balance sheet accounts (about 3 times a year) to a list of clients who have requested to receive the notices.
        If you are interested in receiving the report, send an e-mail requesting that you be added to the list to Ted Covey at tcovey@ers.usda.gov
  Net rent     Real estate       Net       Gross     Gross      Total     Cash          Cash      Direct       Total          Net      Returns       Cash
received by    and nonreal      farm        farm      cash      cash     receipts     receipts government   production       farm        to        expenses
nonoperator       estate      income      income    income    receipts      for      livestock  payments    expenses       income     operators
 landlords       interest                                                 crops     & products

                                                                                                                         Billion dollars (2005 = 100)

         4.6            8.8        58.1     130.4     106.8      106.8       48.4        58.4         0.0         72.3         58.1         56.6         57.4
         3.2            8.7        41.8     110.0      88.9       88.9       38.0        50.9         0.0         68.2         41.8         40.0         53.1
         1.5            9.1        36.5      96.8      69.6       69.6       27.7        41.9         0.0         60.4         36.5         34.4         45.6
         0.7            9.4        25.0      80.2      58.4       58.4       24.6        33.9         0.0         55.1         25.0         22.9         41.2
         2.0            8.4        32.3      87.3      69.0       67.4       31.4        36.0         1.7         55.1         32.3         30.4         43.3
         3.1            7.2        35.2      92.0      81.9       76.6       36.4        40.2         5.4         56.8         35.2         33.2         44.1
         4.1            6.3        62.3     122.7      90.8       84.1       35.2        48.9         6.8         60.4         62.3         60.4         47.2
         4.5            5.8        50.3     116.2     101.3       98.0       42.6        55.4         3.2         65.9         50.3         48.5         52.0
         4.3            5.4        67.6     137.3     103.7       99.9       44.2        55.7         3.8         69.6         67.6         65.8         55.0
         3.7            5.5        50.1     118.1      93.8       88.7       36.7        51.9         5.1         68.0         50.1         48.2         52.9
         4.4            5.6        51.4     124.2     100.4       91.6       38.8        52.8         8.9         72.8         51.4         49.4         58.0
         5.2            5.5        51.7     130.7     105.0       96.6       40.0        56.6         8.3         79.1         51.7         49.8         64.2
         7.0            5.4        70.2     154.5     126.2      120.3       50.0        70.3         5.9         84.2         70.2         68.6         69.1
         8.9            4.8        98.5     198.9     162.2      155.7       65.3        90.4         6.5        100.4         98.5         97.1         81.2
         9.9            4.2       111.1     221.0     191.9      185.8       76.9       108.8         6.1        109.9        111.1        109.9         90.9
         9.6            3.8       108.2     222.3     197.1      189.9       84.9       105.0         7.2        114.0        108.2        106.7         94.9
         9.6            3.5       111.0     228.8     202.0      195.3       87.1       108.3         6.7        117.8        111.0        109.1         99.8
        11.3            3.3       121.8     239.0     206.8      200.5       89.1       111.5         6.2        117.2        121.8        119.2        101.0
        10.6            3.2       111.7     235.7     217.8      215.5       95.3       120.3         2.3        123.9        111.7        109.1        106.3
         9.4            3.4       121.6     251.0     209.9      208.1       90.2       118.0         1.8        129.4        121.6        119.1        109.5
         7.6            3.7        88.2     211.9     192.8      191.6       85.5       106.2         2.6        123.9         88.2         85.4        102.4
         8.4            4.1        93.2     226.3     196.6      194.6       84.5       110.1         3.9        133.0         93.2         90.4        109.6
         8.7            4.4       101.8     244.8     212.2      210.2       84.7       125.5         3.7        142.9        101.8         99.0        117.7
         8.9            4.8        93.5     236.3     205.8      203.6       89.4       114.2         3.4        142.6         93.5         90.1        116.6
         7.5            4.8        80.1     212.9     193.5      191.6       87.0       104.6         2.6        132.7         80.1         76.6        106.2
         7.1            4.8        75.7     209.2     184.7      182.5       83.0        99.6         3.1        133.5         75.7         72.6        106.6
         6.4            5.1        68.0     202.0     180.0      177.9       81.6        96.3         2.8        133.8         68.0         65.1        106.6
         6.5            5.3        65.6     198.0     181.3      177.3       81.9        95.4         6.5        132.4         65.6         62.6        106.0
         5.8            5.5        62.3     196.0     174.1      167.4       69.5        97.9        11.4        133.5         62.3         59.5        106.9
         6.4            6.0        72.6     214.6     191.5      184.3       78.4       105.9        12.0        142.0         72.6         69.4        115.4
         5.9            6.7        58.3     206.3     188.2      183.2       80.3       102.9         7.4        148.0         58.3         54.7        120.0
         6.0            7.2        60.2     207.2     187.7      182.7       80.7       102.0         3.8        147.0         60.2         56.5        120.3
         7.2            7.6        63.5     215.3     196.0      186.7       83.1       103.6         7.9        151.8         63.5         59.7        124.7
         7.7            8.2        63.2     221.8     201.6      191.1       85.5       105.6         9.2        158.6         63.2         59.4        131.2
         8.4            9.1        61.0     224.8     204.6      194.3       90.4       103.9         8.8        163.8         61.0         57.0        135.8
         8.4            9.7        53.6     216.0     203.4      190.5       88.7       101.8        11.1        162.4         53.6         49.5        133.7
         9.5           10.5        64.7     233.4     211.7      197.4       87.6       109.7        12.3        168.7         64.7         60.6        139.7
         9.9           11.4        68.1     246.1     229.8      211.8       89.7       122.0        16.0        178.0         68.1         63.8        148.2
         8.9           12.3        58.4     239.0     219.4      202.5       87.2       115.3        14.6        180.6         58.4         53.9        149.8
         9.1           12.7        55.9     235.2     218.5      200.5       84.8       115.6        15.7        179.3         55.9         51.3        148.0
         8.9           13.2        61.8     243.9     227.1      208.3       84.8       123.5        16.4        182.1         61.8         57.2        150.3
         8.4           13.9        59.0     241.6     224.9      207.4       86.1       121.3        15.3        182.6         59.0         54.0        150.9
         7.9           13.9        58.7     243.0     221.0      206.3       87.1       119.2        12.3        184.2         58.7         53.7        151.9
        11.3           14.5        72.9     266.8     246.3      229.1       95.7       133.4        14.9        193.8         72.9         67.8        160.8
        17.0           16.6       122.1     351.4     320.6      308.7      146.1       162.6         9.3        229.3        122.1        116.4        194.3
        13.4           18.6        88.8     320.1     305.3      301.0      166.4       134.6         1.7        231.2         88.8         82.3        193.3
        12.0           19.0        75.9     299.2     269.8      264.4      136.2       128.2         2.4        223.3         75.9         68.9        183.2
         9.8           20.7        56.8     289.6     273.4      268.3      138.0       130.4         2.1        232.8         56.8         48.9        190.5
         9.0           22.6        52.6     287.8     262.7      254.6      128.6       126.0         4.8        235.2         52.6         43.7        190.2
         9.8           25.3        62.3     317.6     290.0      277.8      131.5       146.3         7.5        255.3         62.3         53.2        209.2
        14.1           29.8        62.6     344.0     308.5      300.2      142.2       158.0         3.1        281.4         62.6         52.6        234.0
        12.7           34.0        33.8     312.2     299.7      292.2      150.0       142.2         2.7        278.4         33.8         22.7        230.2
        11.8           38.0        51.4     317.9     279.1      270.6      138.5       132.2         3.7        266.5         51.4         39.1        218.8
         9.9           39.3        42.9     295.7     272.5      256.8      130.2       126.6         6.3        252.7         42.9         31.4        206.1
         9.0           37.1        24.7     266.6     261.9      237.0      116.4       120.6        16.1        241.9         24.7         14.5        197.8
        13.6           35.3        43.4     280.6     260.7      238.5      116.7       121.7        14.1        237.2         43.4         41.6        200.5
        12.5           30.2        46.2     261.1     255.7      233.4      119.8       113.7        12.5        214.9         46.2         44.8        181.8
         9.7           26.2        49.3     247.6     242.4      214.7      101.2       113.5        18.7        198.2         49.3         48.1        168.7
        12.7           23.1        58.6     259.8     254.5      218.8      101.5       117.2        25.8        201.2         58.6         56.6        173.3
        11.4           21.5        59.1     265.4     258.9      225.6      106.8       118.8        21.6        206.2         59.1         54.3        178.8
        12.2           20.3        66.8     275.4     258.6      230.7      110.5       120.2        15.6        208.6         66.8         62.9        181.7
        12.4           18.7        64.0     273.7     258.3      234.3      111.0       123.3        12.9        209.7         64.0         60.0        183.9
        11.7           16.4        53.8     256.7     246.6      224.6      109.9       114.6        11.0        202.9         53.8         50.0        177.9
        12.0           15.1        65.5     261.8     246.2      223.8      111.9       111.9        12.0        196.3         65.5         62.0        171.9
        12.4           14.0        59.7     261.9     256.2      227.7      112.1       115.7        17.1        202.2         59.7         55.1        178.6
        11.7           14.7        65.8     270.4     248.1      227.0      116.5       110.5         9.9        204.6         65.8         60.5        180.9
        11.8           15.4        48.7     258.4     252.4      230.6      123.8       106.9         8.9        209.6         48.7         43.7        185.6
        12.6           15.8        70.9     283.6     261.8      239.8      128.1       111.8         8.8        212.7         70.9         66.0        188.6
        13.3           15.7        60.6     281.3     268.7      245.5      131.5       114.0         8.9        220.6         60.6         56.2        196.7
        12.7           15.7        55.1     271.8     260.3      229.6      119.4       110.1        14.5        216.7         55.1         50.4        192.8
        12.0           15.9        54.9     270.5     258.2      216.3      106.1       110.2        24.8        215.6         54.9         50.1        191.4
        10.3           16.4        57.1     272.4     255.8      216.5      104.3       112.3        26.2        215.3         57.1         50.4        191.2
        10.2           14.7        60.5     275.4     259.4      220.5      102.9       117.6        24.7        214.9         60.5         53.7        191.0
         8.7           13.9        42.5     250.1     238.8      211.1      109.2       101.9        13.5        207.6         42.5         35.4        183.6
         9.3           11.7        64.8     274.8     262.2      229.4      117.2       112.3        17.6        210.1         64.8         57.8        185.6
         8.7           11.1        90.3     304.7     275.4      245.8      118.2       127.6        13.4        214.3         90.3         81.7        188.9
         9.0           12.6        78.8     298.5     279.7      240.9      116.0       124.9        24.4        219.7         78.8         69.5        193.1
         7.4           13.9        55.6     281.1     264.7      233.1      118.3       114.8        15.3        225.4         55.6         46.7        198.4
         7.1           14.2        65.9     319.6     299.4      271.6      141.3       130.4        11.2        253.7         65.9         56.8        226.5
         8.9           14.1        78.4     347.9     322.5      291.4      161.0       130.5        11.3        269.5         78.4         70.8        240.5
         8.9           13.7        57.5     313.5     295.1      264.0      154.2       109.8        11.1        255.9         57.5         50.1        226.1
        11.4           13.1        72.4     329.4     316.9      289.3      161.8       127.5        11.2        257.0         72.4         64.5        227.3
        10.9           12.2       104.0     377.9     362.4      330.1      183.7       146.4         9.2        273.9        104.0         95.5        243.6
        12.4           12.2       106.2     392.2     376.8      337.1      193.0        144.1         9.6        286.0         106.2            96.7      255.7

         9.0           13.1        71.0     309.7     291.7      260.7      138.1        122.6        13.8        238.7          71.0            62.9      211.4




  Net rent     Real estate       Net       Gross     Gross      Total     Cash           Cash      Direct       Total          Net           Returns      Cash
received by    and nonreal      farm        farm      cash      cash     receipts      receipts government   production       farm             to       expenses
nonoperator       estate      income      income    income    receipts      for       livestock  payments    expenses       income          operators
 landlords       interest                                                 crops      & products

                                                                                                                          Billion dollars

         0.5            0.9         6.2      13.8      11.3       11.3         5.1         6.2         0.0          7.7           6.2             6.0        6.1
         0.3            0.9         4.3      11.2       9.1        9.1         3.9         5.2         0.0          6.9           4.3             4.1        5.4
         0.1            0.8         3.3       8.9       6.4        6.4         2.5         3.8         0.0          5.5           3.3             3.2        4.2
         0.1            0.8         2.0       6.5       4.7        4.7         2.0         2.8         0.0          4.5           2.0             1.9        3.4
         0.2            0.7         2.6       6.9       5.5        5.3         2.5         2.8         0.1          4.4           2.6             2.4        3.4
         0.3            0.6         2.9       7.6       6.8        6.4         3.0         3.3         0.4          4.7           2.9             2.8        3.7
         0.3            0.5         5.3      10.4       7.7        7.1         3.0         4.1         0.6          5.1           5.3             5.1        4.0
         0.4            0.5         4.3      10.0       8.7        8.4         3.6         4.7         0.3          5.6           4.3             4.2        4.5
         0.4            0.5         6.0      12.2       9.2        8.9         3.9         4.9         0.3          6.2           6.0             5.8        4.9
         0.3            0.5         4.4      10.3       8.2        7.7         3.2         4.5         0.4          5.9           4.4             4.2        4.6
         0.4            0.5         4.4      10.7       8.6        7.9         3.3         4.5         0.8          6.3           4.4             4.3        5.0
         0.4            0.5         4.5      11.3       9.1        8.4         3.5         4.9         0.7          6.9           4.5             4.3        5.6
         0.6            0.5         6.5      14.3      11.7       11.1         4.6         6.5         0.5          7.8           6.5             6.3        6.4
         0.9            0.5         9.9      19.9      16.2       15.6         6.5         9.0         0.7         10.0           9.9             9.7        8.1
         1.0            0.4        11.7      23.3      20.3       19.6         8.1        11.5         0.6         11.6          11.7            11.6        9.6
         1.0            0.4        11.7      24.0      21.3       20.5         9.2        11.4         0.8         12.3          11.7            11.5       10.3
         1.1            0.4        12.3      25.4      22.4       21.7         9.7        12.0         0.7         13.1          12.3            12.1       11.1
         1.4            0.4        15.1      29.6      25.6       24.8        11.0        13.8         0.8         14.5          15.1            14.7       12.5
         1.5            0.4        15.4      32.4      29.9       29.6        13.1        16.5         0.3         17.0          15.4            15.0       14.6
         1.4            0.5        17.7      36.5      30.5       30.2        13.1        17.1         0.3         18.8          17.7            17.3       15.9
         1.1            0.5        12.8      30.8      28.0       27.8        12.4        15.4         0.4         18.0          12.8            12.4       14.9
         1.2            0.6        13.6      33.1      28.8       28.5        12.4        16.1         0.6         19.5          13.6            13.2       16.0
         1.4            0.7        15.9      38.3      33.2       32.9        13.2        19.6         0.6         22.3          15.9            15.5       18.4
         1.4            0.8        14.9      37.8      32.9       32.5        14.3        18.2         0.5         22.8          14.9            14.4       18.6
         1.2            0.8        13.0      34.4      31.3       31.0        14.1        16.9         0.4         21.5          13.0            12.4       17.2
         1.2            0.8        12.4      34.2      30.2       29.8        13.6        16.3         0.5         21.8          12.4            11.9       17.4
         1.1            0.8        11.3      33.5      29.8       29.5        13.5        16.0         0.5         22.2          11.3            10.8       17.7
         1.1            0.9        11.2      34.0      31.1       30.4        14.0        16.4         1.1         22.7          11.2            10.7       18.2
         1.0            1.0        11.1      34.8      30.9       29.7        12.3        17.4         2.0         23.7          11.1            10.6       19.0
         1.2            1.1        13.2      39.0      34.8       33.5        14.2        19.2         2.2         25.8          13.2            12.6       20.9
         1.1            1.2        10.7      37.9      34.6       33.6        14.7        18.9         1.4         27.2          10.7            10.0       22.0
         1.1            1.3        11.2      38.6      35.0       34.0        15.0        19.0         0.7         27.4          11.2            10.5       22.4
         1.3            1.4        12.0      40.5      36.9       35.2        15.7        19.5         1.5         28.6          12.0            11.2       23.5
         1.5            1.6        12.1      42.3      38.5       36.5        16.3        20.2         1.7         30.3          12.1            11.3       25.0
         1.6            1.8        11.8      43.4      39.5       37.5        17.4        20.0         1.7         31.6          11.8            11.0       26.2
         1.7            1.9        10.5      42.3      39.8       37.3        17.4        19.9         2.2         31.8          10.5             9.7       26.2
         1.9            2.1        12.9      46.5      42.2       39.4        17.5        21.9         2.5         33.6          12.9            12.1       27.9
         2.0            2.3        14.0      50.5      47.1       43.4        18.4        25.0         3.3         36.5          14.0            13.1       30.4
         1.9            2.6        12.3      50.5      46.4       42.8        18.4        24.4         3.1         38.2          12.3            11.4       31.7
         2.0            2.8        12.3      51.8      48.2       44.2        18.7        25.5         3.5         39.5          12.3            11.3       32.6
         2.1            3.1        14.3      56.4      52.5       48.2        19.6        28.6         3.8         42.1          14.3            13.2       34.8
         2.1            3.4        14.4      58.8      54.8       50.5        21.0        29.5         3.7         44.5          14.4            13.1       36.8
         2.0            3.6        15.0      62.1      56.5       52.7        22.3        30.5         3.1         47.1          15.0            13.7       38.8
         3.0            3.9        19.5      71.1      65.7       61.1        25.5        35.6         4.0         51.7          19.5            18.1       42.9
         4.8            4.7        34.4      98.9      90.2       86.9        41.1        45.8         2.6         64.6          34.4            32.8       54.7
         4.1            5.7        27.3      98.2      93.7       92.4        51.1        41.3         0.5         71.0          27.3            25.3       59.3
         4.0            6.4        25.5     100.6      90.7       88.9        45.8        43.1         0.8         75.0          25.5            23.2       61.6
         3.5            7.4        20.2     102.9      97.2       95.4        49.0        46.3         0.7         82.7          20.2            17.4       67.7
         3.4            8.5        19.9     108.8      99.3       96.2        48.6        47.6         1.8         88.9          19.9            16.5       71.9
         4.0           10.2        25.2     128.4     117.3      112.4        53.2        59.2         3.0        103.2          25.2            21.5       84.6
         6.2           13.1        27.4     150.7     135.1      131.5        62.3        69.2         1.4        123.3          27.4            23.0      102.5
         6.1           16.3        16.1     149.3     143.3      139.7        71.7        68.0         1.3        133.1          16.1            10.9      110.1
         6.2           19.9        26.9     166.3     146.0      141.6        72.5        69.2         1.9        139.4          26.9            20.5      114.5
         5.5           21.8        23.8     164.1     151.3      142.6        72.3        70.3         3.5        140.3          23.8            17.4      114.4
         5.2           21.4        14.3     153.9     151.1      136.8        67.2        69.6         9.3        139.6          14.3             8.4      114.1
         8.1           21.1        26.0     168.0     156.1      142.8        69.9        72.9         8.4        142.0          26.0            24.9      120.1
         7.7           18.6        28.5     161.1     157.7      144.0        73.9        70.1         7.7        132.6          28.5            27.6      112.1
         6.1           16.5        31.1     156.1     152.9      135.4        63.8        71.6        11.8        125.0          31.1            30.3      106.4
         8.3           15.0        38.0     168.4     164.9      141.8        65.8        76.0        16.7        130.4          38.0            36.7      112.3
         7.7           14.4        39.6     177.9     173.6      151.3        71.6        79.6        14.5        138.3          39.6            36.4      119.9
         8.5           14.1        46.5     191.6     180.0      160.5        76.9        83.6        10.9        145.1          46.5            43.8      126.5
         9.0           13.5        46.3     197.8     186.7      169.3        80.2        89.1         9.3        151.5          46.3            43.4      132.9
         8.7           12.3        40.2     192.0     184.5      168.0        82.2        85.8         8.2        151.8          40.2            37.4      133.1
         9.2           11.6        50.2     200.6     188.6      171.5        85.7        85.8         9.2        150.4          50.2            47.5      131.7
         9.7           10.9        46.7     205.0     200.6      178.3        87.8        90.5        13.4        158.3          46.7            43.1      139.8
         9.3           11.8        52.6     216.1     198.3      181.4        93.1        88.3         7.9        163.5          52.6            48.4      144.6
                        9.6   12.6    39.8   210.8   206.0   188.2   101.0    87.2    7.3   171.1    39.8    35.6   151.5
                       10.5   13.1    58.9   235.8   217.7   199.4   106.5    92.9    7.3   176.9    58.9    54.9   156.8
                       11.2   13.2    51.3   238.0   227.4   207.8   111.3    96.5    7.5   186.7    51.3    47.6   166.4
                       10.9   13.5    47.1   232.6   222.7   196.5   102.2    94.2   12.4   185.5    47.1    43.1   165.0
                       10.4   13.8    47.7   234.9   224.2   187.8    92.1    95.7   21.5   187.2    47.7    43.5   166.3
                        9.2   14.6    50.7   241.7   227.0   192.1    92.5    99.6   23.2   191.0    50.7    44.7   169.6
                        9.3   13.3    54.9   249.9   235.4   200.0    93.4   106.7   22.4   195.0    54.9    48.7   173.3
                        8.0   12.8    39.1   230.6   220.2   194.6   100.7    93.9   12.4   191.4    39.1    32.6   169.3
                        8.8   11.0    61.0   258.7   246.8   216.0   110.3   105.7   16.5   197.7    61.0    54.4   174.7
                        8.5   10.7    87.4   294.9   266.5   237.9   114.4   123.5   13.0   207.5    87.4    79.1   182.9
                        9.0   12.6    78.8   298.5   279.7   240.9   116.0   124.9   24.4   219.7    78.8    69.5   193.1
                        7.6   14.4    57.4   290.2   273.2   240.6   122.1   118.5   15.8   232.7    57.4    48.2   204.8
                        7.6   15.1    70.0   339.6   318.0   288.5   150.1   138.5   11.9   269.5    70.0    60.3   240.6
                        9.6   15.4    85.1   377.7   350.1   316.4   174.8   141.6   12.2   292.6    85.1    76.9   261.1
                        9.8   15.0    63.0   343.3   323.3   289.1   168.9   120.3   12.2   280.3    63.0    54.9   247.6
                       12.7   14.6    80.4   365.6   351.8   321.1   179.6   141.6   12.4   285.2    80.4    71.6   252.4
                       12.3   13.9   117.9   428.5   410.8   374.3   208.3   166.0   10.4   310.6   117.9   108.2   276.1
                       14.2   14.0   122.2   451.4   433.6   387.9   222.1   165.8   11.1   329.1   122.2   111.3   294.2

                        9.4   13.6    74.0   322.8   304.0   271.9   144.5   127.4   14.1   248.7    74.0    65.6   220.3




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   Net       Farm     Farm         Real    Nonreal    Farm      Debt to     Debt to
  cash      assets    debt        estate    estate    sector    equity       asset
income                             debt      debt     equity      ratio      ratio
             (Estimation of the farm sector balance sheet was initiated in 1960.)

                                                                 Percent    Percent

     49.4
     35.8
     24.0
     17.2
     25.7
     37.8
     43.6
     49.3
     48.6
     40.9
     42.4
     40.8
     57.0
     80.9
    100.9
    102.1
    102.2
    105.7
    111.5
    100.4
     90.5
     87.0
     94.6
     89.2
     87.2
     78.2
     73.5
     75.3
     67.2
     76.1
     68.2
     67.5     936.4     120.5       60.7       59.8      815.8       14.8       12.9
     71.2     964.6     128.2       65.4       62.8      836.4       15.3       13.3
     70.3     989.5     139.7       70.7       69.0      849.8       16.4       14.1
     68.8   1,019.7     153.2       77.7       75.6      866.4       17.7       15.0
     69.6   1,042.6     164.2       86.0       78.1      878.5       18.7       15.7
     72.0   1,107.1     179.5       94.8       84.7      927.6       19.4       16.2
     81.6   1,141.0     191.2      100.9       90.3      949.7       20.1       16.8
     69.6   1,163.9     199.6      107.0       92.7      964.3       20.7       17.2
     70.6   1,166.8     199.3      112.2       87.1      967.5       20.6       17.1
     76.8   1,157.9     200.7      114.2       86.5      957.2       21.0       17.3
     74.0   1,145.1     199.2      111.9       87.3      945.9       21.1       17.4
     69.1   1,180.3     206.6      112.7       93.9      973.7       21.2       17.5
     85.5   1,274.6     217.8      117.7      100.2    1,056.7       20.6       17.1
    126.3   1,486.8     237.2      125.0      112.2    1,249.6       19.0       16.0
    112.0   1,463.4     243.3      128.9      114.4    1,220.1       19.9       16.6
     86.6   1,519.9     248.5      130.2      118.3    1,271.4       19.5       16.3
     83.0   1,662.4     264.9      136.4      128.5    1,397.4       19.0       15.9
     72.5   1,723.7     286.8      147.7      139.1    1,436.9       20.0       16.6
     80.8   1,922.9     306.2      156.8      149.4    1,616.6       18.9       15.9
     74.5   2,087.8     336.7      173.0      163.8    1,751.1       19.2       16.1
     69.4   2,092.2     339.7      178.3      161.4    1,752.5       19.4       16.2
     60.3   1,907.1     339.6      179.5      160.1    1,567.5       21.7       17.8
     66.4   1,733.8     331.4      174.3      157.1    1,402.4       23.6       19.1
     64.1   1,662.4     322.6      170.0      152.7    1,339.8       24.1       19.4
     60.2   1,499.5     315.4      169.3      146.0    1,184.1       26.6       21.0
     73.9   1,257.8     279.1      152.5      126.6      978.8       28.5       22.2
     73.7   1,145.0     240.0      133.4      106.6      905.1       26.5       21.0
     81.2   1,167.1     213.7      117.0       96.7      953.4       22.4       18.3
     80.1   1,176.1     198.6      105.6       92.9      977.5       20.3       16.9
     76.9   1,169.5     188.3       98.8       89.5      981.2       19.2       16.1
     74.5   1,163.1     181.4       93.6       87.8      981.7       18.5       15.6
     68.7   1,128.2     176.2       90.1       86.1      951.9       18.5       15.6
     74.3   1,132.8     171.8       88.6       83.1      961.1       17.9       15.2
     77.6   1,161.3     171.6       87.4       84.1      989.8       17.3       14.8
     67.1   1,169.4     173.8       87.5       86.3      995.6       17.5       14.9
     66.8   1,183.5     175.2       87.9       87.3    1,008.3       17.4       14.8
     73.3   1,206.1     178.7       89.5       89.2    1,027.4       17.4       14.8
     72.0   1,242.3     185.4       92.8       92.6    1,056.8       17.5       14.9
     67.5   1,265.9     192.4       97.1       95.3    1,073.5       17.9       15.2
     66.7   1,311.4     193.1      100.4       92.7    1,118.3       17.3       14.7
     64.7   1,356.1     184.8       95.5       89.3    1,171.4       15.8       13.6
     68.4   1,384.2     188.1       97.6       90.5    1,196.1       15.7       13.6
     55.2   1,366.4     192.2      103.5       88.7    1,174.2       16.4       14.1
     76.6   1,469.6     174.4       88.4       86.1    1,295.2       13.5       11.9
     86.4   1,640.8     188.0       98.8       89.1    1,452.8       12.9       11.5
     86.7   1,779.4     196.4      104.8       91.6    1,583.0       12.4       11.0
     66.3   1,863.3     197.2      104.7       92.5    1,666.1       11.8       10.6
     72.8   1,934.7     201.5      106.1       95.4    1,733.2       11.6       10.4
     82.0   1,863.7     222.6      124.0       98.5    1,641.1       13.6       11.9
     69.1   1,875.6     220.8      119.9      100.9    1,654.8       13.3       11.8
     89.6   1,973.7     226.8      127.0       99.6    1,746.9       13.0       11.5
    118.8   2,102.8     224.1      128.8       95.4    1,878.6       11.9       10.7
    121.1   2,216.8     226.8      126.1      100.7    1,990.0       11.4       10.2

     80.3   1,787.0     204.4      110.6       93.8    1,582.6       13.0       11.5




   Net       Farm     Farm         Real    Nonreal    Farm      Debt to     Debt to
  cash      assets    debt        estate    estate    sector    equity       asset
income                             debt      debt     equity      ratio      ratio
             (Estimation of the farm sector balance sheet was initiated in 1960.)

                                                                 Percent    Percent

      5.2
      3.6
      2.2
      1.4
      2.0
      3.1
      3.7
      4.2
      4.3
      3.6
      3.6
      3.5
      5.3
      8.1
     10.7
     11.0
     11.3
     13.1
     15.3
     14.6
     13.1
     12.7
     14.8
     14.2
     14.1
     12.8
     12.2
     12.9
     11.9
     13.8
     12.5
     12.6     174.4      22.4       11.3       11.1      151.9       14.8       12.9
     13.4     181.6      24.1       12.3       11.8      157.5       15.3       13.3
     13.4     188.9      26.7       13.5       13.2      162.2       16.4       14.1
     13.3     196.7      29.6       15.0       14.6      167.1       17.7       15.0
     13.6     204.2      32.2       16.9       15.3      172.1       18.7       15.7
     14.4     220.8      35.8       18.9       16.9      185.0       19.4       16.2
     16.7     234.0      39.2       20.7       18.5      194.8       20.1       16.8
     14.7     246.1      42.2       22.6       19.6      203.9       20.7       17.2
     15.6     257.2      43.9       24.7       19.2      213.2       20.6       17.1
     17.8     267.8      46.4       26.4       20.0      221.4       21.0       17.3
     18.0     278.8      48.5       27.2       21.3      230.3       21.1       17.4
     17.7     301.8      52.8       28.8       24.0      248.9       21.2       17.5
     22.8     339.9      58.1       31.4       26.7      281.8       20.6       17.1
     35.6     418.5      66.8       35.2       31.6      351.7       19.0       16.0
     34.4     449.2      74.7       39.6       35.1      374.5       19.9       16.6
     29.1     510.8      83.5       43.8       39.8      427.3       19.5       16.3
     29.5     590.7      94.1       48.5       45.7      496.6       19.0       15.9
     27.4     651.5     108.4       55.8       52.6      543.1       20.0       16.6
     32.7     777.7     123.9       63.4       60.4      653.9       18.9       15.9
     32.6     914.7     147.5       75.8       71.7      767.2       19.2       16.1
     33.2   1,000.4     162.4       85.3       77.2      838.0       19.4       16.2
     31.6     997.9     177.7       93.9       83.8      820.2       21.7       17.8
     36.8     962.5     184.0       96.8       87.2      778.5       23.6       19.1
     37.0     959.3     186.2       98.1       88.1      773.1       24.1       19.4
     36.0     897.8     188.8      101.4       87.4      709.0       26.6       21.0
     45.6     775.9     172.2       94.1       78.1      603.8       28.5       22.2
     46.5     722.0     151.3       84.1       67.2      570.7       26.5       21.0
     52.6     756.5     138.5       75.8       62.7      618.0       22.4       18.3
     53.7     788.5     133.1       70.8       62.3      655.4       20.3       16.9
     53.5     813.7     131.0       68.8       62.3      682.7       19.2       16.1
     53.8     840.6     131.1       67.6       63.5      709.5       18.5       15.6
     51.4     844.2     131.9       67.4       64.4      712.3       18.5       15.6
     56.9     867.8     131.6       67.9       63.7      736.2       17.9       15.2
     60.8     909.2     134.3       68.4       65.9      774.9       17.3       14.8
     53.7     934.7     138.9       69.9       69.0      795.8       17.5       14.9
 54.5     965.7   143.0    71.7    71.3     822.8   17.4   14.8
 60.9   1,002.9   148.6    74.4    74.2     854.3   17.4   14.8
 60.9   1,051.3   156.9    78.5    78.4     894.4   17.5   14.9
 57.7   1,083.4   164.6    83.1    81.5     918.7   17.9   15.2
 57.9   1,138.8   167.7    87.2    80.5     971.1   17.3   14.7
 57.4   1,203.2   163.9    84.7    79.2   1,039.3   15.8   13.6
 62.1   1,255.9   170.7    88.5    82.1   1,085.3   15.7   13.6
 50.8   1,259.7   177.2    95.4    81.8   1,082.5   16.4   14.1
 72.1   1,383.4   164.2    83.2    81.0   1,219.2   13.5   11.9
 83.7   1,588.0   181.9    95.7    86.3   1,406.1   12.9   11.5
 86.7   1,779.4   196.4   104.8    91.6   1,583.0   12.4   11.0
 68.4   1,923.6   203.6   108.0    95.5   1,720.0   11.8   10.6
 77.4   2,055.3   214.1   112.7   101.4   1,841.2   11.6   10.4
 89.0   2,023.3   241.6   134.7   106.9   1,781.7   13.6   11.9
 75.6   2,054.4   241.9   131.3   110.6   1,812.5   13.3   11.8
 99.4   2,190.9   251.8   141.0   110.6   1,939.1   13.0   11.5
134.7   2,383.9   254.1   146.0   108.1   2,129.8   11.9   10.7
139.3   2,551.1   261.0   145.1   115.9   2,290.1   11.4   10.2

 83.8   1,864.2   212.7   115.3    97.4   1,651.5   13.0   11.5

				
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