[Economic Indicators August, 1996]
[Page Number 7]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
FARM INCOME

In the fourth quarter of 1995, according to preliminary estimates, gross 
farm income fell $9.8 billion (annual rate) and net farm income fell 
$8.1 billion.
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                                        [Billions of dollars; quarterly data at seasonally adjusted annual rates]                                       
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                                                                                         Income of farm operators from farming                          
                                                              ------------------------------------------------------------------------------------------
                                                                                      Gross farm income                                                 
                                                              -----------------------------------------------------------------                         
                            Period                                                 Cash marketing receipts                                              
                                                                           ---------------------------------------   Value of    Production    Net farm 
                                                                 Total\1\                 Livestock                 inventory     expenses      income  
                                                                               Total         and         Crops      changes\2\                          
                                                                                           products                                                     
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1986.........................................................        156.1        135.4         71.6         63.8         -2.2        125.1         31.1
1987.........................................................        168.3        141.8         76.0         65.8         -2.3        130.2         38.0
1988.........................................................        177.3        151.2         79.6         71.6         -4.1        139.8         37.5
1989.........................................................        191.9        160.8         83.9         76.9          3.8        146.9         45.0
1990.........................................................        198.5        169.4         89.2         80.3          3.5        153.7         44.8
1991.........................................................        191.8        167.8         85.8         82.0          -.2        153.4         38.4
1992.........................................................        200.5        171.3         85.6         85.7          4.2        152.6         47.9
1993.........................................................        203.0        177.1         90.0         87.1         -4.5        160.9         42.1
1994.........................................................        213.5        179.7         88.1         91.6          8.7        166.7         46.7
1995p........................................................        207.1        185.6         86.8         98.8         -3.4        171.9         35.3
                                                                                                                                                        
1994:I.......................................................        218.8        178.8         92.0         86.8         10.6        164.3         54.5
      II.....................................................        206.1        169.7         82.8         86.9         10.0        166.5         39.6
      III....................................................        211.8        185.8         97.6         88.2          7.8        168.5         43.3
      IV.....................................................        217.1        184.4         79.9        104.5          6.3        167.6         49.5
                                                                                                                                                        
1995:I.......................................................        205.2        180.5         83.2         97.3         -4.1        169.2         36.1
      II.....................................................        203.1        180.9         81.6         99.3         -3.9        170.7         32.4
      III....................................................        215.1        199.6         96.1        103.6         -3.0        174.7         40.4
      IVp....................................................        205.3        181.4         86.4         94.9         -2.5        172.9         32.3
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    \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.
    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.