TABLE B–97.—Farm income, 1945–2001 [Billions of dollars] Income of farm operators from farming Gross farm income Year Total1 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 1982 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 98.2 100.6 102.9 108.8 128.4 150.7 149.3 166.3 164.1 Cash marketing receipts Livestock Total Crops and 21.7 products 12.0 9.7 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 96.2 112.4 131.5 139.7 141.6 142.6 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 70.3 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 72.3 Production Value of expenses inventory changes2 -0.4 13.1 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 -1.4 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 88.9 103.2 123.3 133.1 139.4 140.3
1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 p
1
153.9 168.0 161.2 156.1 168.4 177.9 191.9 198.1 191.9 200.6 205.0 216.0 210.8 235.8 238.5 231.8 235.3 241.5 248.6
136.8 142.8 144.1 135.4 141.8 151.2 160.8 169.5 167.9 171.4 178.2 181.3 188.0 199.3 207.6 195.8 188.1 193.6 201.9
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 95.5 99.5 106.1
67.2 69.9 74.3 63.8 65.8 71.6 76.9 80.3 82.1 85.7 87.7 93.0 100.8 106.3 111.2 101.7 92.6 94.1 95.8
-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 -0.2 0.5 0.9
139.6 142.0 132.6 125.2 131.0 139.9 146.6 153.4 153.4 152.8 160.4 167.2 173.8 181.0 190.0 189.0 191.0 195.1 199.4
Cash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney income produced by farms. 2 Physical changes in end-of-period inventory of crop and livestock commodities valued at weighted average market prices during the period. Note.—Data include Commodity Credit Corporation loan transactions and imputed rent of operator residences. Data for 2001 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 47.8 44.7 48.9 36.9 54.8 48.5 42.9 44.3 46.4 49.3
money income produced by
ket prices during the period.