TABLE B–97.—Farm income, 1945–2000 [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 Crops 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 changes2 -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
Produc-tion expenses
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
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
1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 p
1 2
164.1 153.9 168.0 161.2 156.1 168.4 177.9 191.9 198.1 191.9 200.4 204.7 215.9 210.7 235.7 238.4 233.2 235.5 245.5
142.6 136.8 142.8 144.1 135.4 141.8 151.2 160.8 169.5 167.9 171.3 177.9 181.1 188.0 199.1 207.6 196.6 188.6 194.5
70.3 69.6 72.9 69.8 71.6 76.0 79.6 83.9 89.2 85.8 85.7 90.4 88.2 87.1 92.8 96.5 94.1 95.5 100.3
72.3 67.2 69.9 74.3 63.8 65.8 71.6 76.9 80.3 82.1 85.6 87.5 92.9 100.8 106.3 111.1 102.5 93.1 94.1
-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 8.0 0.7 -0.7 -0.9 0.3
140.3 139.6 142.0 132.6 125.2 131.0 139.9 146.7 153.4 153.4 152.8 160.4 167.1 173.8 180.8 189.8 188.6 192.1 199.8
Cash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney income produced by
Physical changes in end-of-period inventory of crop and livestock commodities valued at average prices during the period. Note.—Data include net Commodity Credit Corporation loan transactions and operator residences. Data for 2000 are forecasts. Source: Department of Agriculture, Economic Research Service.
g
Net farm income
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
23.8 14.2 26.0 28.6 30.9 37.4 38.0 45.3 44.6 38.5 47.7 44.3 48.8 36.9 54.9 48.6 44.6 43.4 45.6
money income produced by
the period.