[Economic Indicators October, 1995]
[Page Number 7]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
FARM INCOME

In the second quarter of 1995, according to preliminary estimates, gross 
farm income fell $9.9 billion (annual rate) and net farm income fell 
$12.1 billion.
  ______________________________________________________________________


  ______________________________________________________________________

                                        [Billions of dollars; quarterly data at seasonally adjusted annual rates]                                       
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                   Income of farm operators from farming                                
                                                 -------------------------------------------------------------------------------------------------------
                                                                         Gross farm income                                           Net farm income    
                                                 -----------------------------------------------------------------             -------------------------
                     Period                                           Cash marketing receipts                                                           
                                                              ---------------------------------------   Value of    Production                          
                                                    Total\1\                 Livestock                 inventory     expenses     Current        1987   
                                                                  Total         and         Crops      changes\2\                 dollars     dollars\3\
                                                                              products                                                                  
--------------------------------------------------------------------------------------------------------------------------------------------------------
1986............................................        156.1        135.4         71.6         63.8         -2.2        125.1         31.1         32.0
1987r...........................................        168.3        141.8         76.0         65.8         -2.3        130.2         38.0         38.0
1988r...........................................        177.3        151.2         79.6         71.6         -4.1        139.8         37.5         36.1
1989r...........................................        191.9        160.8         83.9         76.9          3.8        146.9         45.0         41.5
1990r...........................................        198.5        169.4         89.2         80.3          3.5        153.7         44.8         39.5
1991r...........................................        191.8        167.8         85.8         82.0          -.2        153.4         38.4         32.6
1992r...........................................        200.5        171.3         85.6         85.7          4.2        152.6         47.9         39.7
1993r...........................................        203.0        177.1         90.0         87.1         -4.5        160.9         42.1         34.1
1994r...........................................        213.5        179.7         88.1         91.6          8.7        166.7         46.7         37.1
                                                                                                                                                        
1993:Ir.........................................        203.9        174.3         83.7         90.6         -8.0        158.5         45.4         37.0
      IIr.......................................        203.4        177.2         87.9         89.3         -6.3        160.8         42.7         34.6
      IIIr......................................        198.9        187.7        101.3         86.3         -7.4        162.6         36.3         29.4
      IVr.......................................        205.6        169.4         87.3         82.1          3.7        161.7         43.9         35.4
                                                                                                                                                        
1994:Ir.........................................        218.8        178.8         92.0         86.8         10.6        164.3         54.5         43.6
      IIr.......................................        206.1        169.7         82.8         86.9         10.0        166.5         39.6         31.4
      IIIr......................................        211.8        185.8         97.6         88.2          7.8        168.5         43.3         34.2
      IVr.......................................        217.1        184.4         79.9        104.5          6.3        167.6         49.5         39.0
                                                                                                                                                        
1995:Ir.........................................        211.4        184.4         87.5         96.9           .6        162.9         48.4         38.0
      IIp.......................................        201.5        177.1         78.0         99.1           .6        165.3         36.3         28.3
--------------------------------------------------------------------------------------------------------------------------------------------------------

    \1\Cash marketing receipts and 
inventory changes plus Government 
payments, other farm cash income, 
and nonmoney income furnished by 
farms.
    \2\Physical changes in end-of-
year inventory of crop and livestock 
commodities valued at average prices 
during the year.
    \3\Income in current dollars 
divided by the GDP implicit price 
deflator.
    Note.--Data include net 
Commodity Credit Corporation loans 
and operator households.
    Quarterly data plotted for 1989 
through 1992 in chart do not reflect 
previous revisions to annual data in 
table.

    Sources: Department of 
Agriculture and Department of 
             Commerce.