TABLE B–97.—Farm income, 1945–2002 [Billions of dollars] Income of farm operators from farming Gross farm income Year Total 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981
1
Cash marketing receipts Total 21.7 24.8 29.6 30.2 27.8 28.5 32.9 32.5 31.0 29.8 29.5 30.4 29.7 33.5 33.6 34.0 35.2 36.5 37.5 37.3 39.4 43.4 42.8 44.2 48.2 50.5 52.7 61.1 86.9 92.4 88.9 95.4 96.2 112.4 131.5 139.7 141.6 Livestock and products 12.0 13.8 16.5 17.1 15.4 16.1 19.6 18.2 16.9 16.3 16.0 16.4 17.4 19.2 18.9 19.0 19.5 20.2 20.0 19.9 21.9 25.0 24.4 25.5 28.6 29.5 30.5 35.6 45.8 41.3 43.1 46.3 47.6 59.2 69.2 68.0 69.2 Crops2 9.7 11.0 13.1 13.1 12.4 12.4 13.2 14.3 14.1 13.6 13.5 14.0 12.3 14.2 14.7 15.0 15.7 16.3 17.4 17.4 17.5 18.4 18.4 18.7 19.6 21.0 22.3 25.5 41.1 51.1 45.8 49.0 48.6 53.2 62.3 71.7 72.5
Value of inventory changes3 -0.4 0.0 -1.8 1.7 -0.9 0.8 1.2 0.9 -0.6 0.5 0.2 -0.5 0.6 0.8 0.0 0.4 0.3 0.6 0.6 -0.8 1.0 -0.1 0.7 0.1 0.1 0.0 1.4 0.9 3.4 -1.6 3.4 -1.5 1.1 1.9 5.0 -6.3 6.5
Direct Government payments4 0.7 0.8 0.3 0.3 0.2 0.3 0.3 0.3 0.2 0.3 0.2 0.6 1.0 1.1 0.7 0.7 1.5 1.7 1.7 2.2 2.5 3.3 3.1 3.5 3.8 3.7 3.1 4.0 2.6 0.5 0.8 0.7 1.8 3.0 1.4 1.3 1.9
25.4 29.6 32.4 36.5 30.8 33.1 38.3 37.8 34.4 34.2 33.5 34.0 34.8 39.0 37.9 38.6 40.5 42.3 43.4 42.3 46.5 50.5 50.5 51.8 56.4 58.8 62.1 71.1 98.9 98.2 100.6 102.9 108.8 128.4 150.7 149.3 166.3
1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 p
1
164.1 153.9 168.0 161.2 156.1 168.4 177.9 191.9 198.1 191.9 200.6 205.0 216.0 210.8 235.8 238.1 232.1 234.5 241.7 246.5 236.9
142.6 136.8 142.8 144.1 135.4 141.8 151.2 160.8 169.5 167.9 171.4 178.2 181.3 188.0 199.3 207.7 196.0 187.5 193.7 202.8 196.5
70.3 69.6 72.9 69.8 71.6 76.0 79.6 83.9 89.2 85.8 85.8 90.5 88.3 87.2 92.9 96.5 94.1 95.6 99.6 106.4 97.4
72.3 67.2 69.9 74.3 63.8 65.8 71.6 76.9 80.3 82.1 85.7 87.7 93.0 100.8 106.3 111.2 101.9 91.9 94.1 96.4 99.1
-1.4 -10.9 6.0 -2.3 -2.2 -2.3 -4.1 3.8 3.3 -0.2 4.2 -4.2 8.3 -5.0 7.9 0.6 -0.6 -0.3 0.1 -3.2 -3.6
3.5 9.3 8.4 7.7 11.8 16.7 14.5 10.9 9.3 8.2 9.2 13.4 7.9 7.3 7.3 7.5 12.4 21.5 22.9 20.7 17.0
Cash marketing receipts, Government payments, value of changes in inventories, other farm related cash income, and nonmoney income produced by farms including imputed rent of operator residences. 2 Crop receipts include proceeds received from commodities placed under Commodity Credit Corporation loans.
3 4
Physical changes in beginning and ending year inventories of crop and livestock commodities valued at weighted average market prices during the year.
Includes only Government payments made directly to farmers. Note.—Data for 2002 are forecasts. Source: Department of Agriculture, Economic Research Service.
farming
Production expenses
Net farm income
13.1 14.5 17.0 18.8 18.0 19.5 22.3 22.8 21.5 21.8 22.2 22.7 23.7 25.8 27.2 27.4 28.6 30.3 31.6 31.8 33.6 36.5 38.2 39.5 42.1 44.5 47.1 51.7 64.6 71.0 75.0 82.7 88.9 103.2 123.3 133.1 139.4
12.3 15.1 15.4 17.7 12.8 13.6 15.9 15.0 13.0 12.4 11.3 11.3 11.1 13.2 10.7 11.2 12.0 12.1 11.8 10.5 12.9 14.0 12.3 12.3 14.3 14.4 15.0 19.5 34.4 27.3 25.5 20.2 19.9 25.2 27.4 16.1 26.9
140.3 139.6 142.0 132.6 125.2 131.0 139.9 146.5 153.4 153.4 152.8 160.4 167.2 173.8 181.0 187.6 186.5 188.3 193.7 200.8 200.7
23.8 14.2 26.0 28.6 30.9 37.4 38.0 45.4 44.6 38.5 47.8 44.7 48.9 36.9 54.8 50.5 45.6 46.2 48.0 45.7 36.2
me, and nonmoney income produced by
d average market prices during the year.