[Economic Indicators September, 1998]
[Page Number 7]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
FARM INCOME

In the second quarter of 1998, according to preliminary estimates, gross 
farm income fell $11.1 billion (annual rate) and net farm income fell 
$8.5 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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1990 ........................................................        198.0        169.5         89.2         80.3          3.3        153.3       r 44.7
1991 ........................................................        191.9        167.9         85.8         82.1          -.2        153.3       r 38.6
1992 ........................................................        200.5        171.4         85.6         85.7          4.2        152.9         47.5
1993.........................................................      r 204.1      r 177.8         90.2       r 87.6         -4.2        160.5       r 43.6
1994 ........................................................        215.8        181.2         88.2         93.1          8.3      r 167.5         48.3
1995  .......................................................        210.1        188.1         87.0      r 101.1         -5.1      r 174.1       r 36.0
1996  .......................................................        235.8        199.6         93.0        106.6          7.8      r 182.4       r 53.4
1997 r.......................................................        238.3        208.7         96.6        112.1          -.4        188.4         49.8
1995: I r....................................................        208.2        185.2         87.0         98.2         -6.4        174.4         33.8
      II  r..................................................        208.4        187.7         85.3        102.4         -5.9        173.6         34.8
      III  r.................................................        212.8        194.1         86.2        107.8         -4.7        178.1         34.7
      IV  r..................................................        211.0        185.5         89.6         95.9         -3.6        170.4         40.6
1996:I r.....................................................        232.7        200.9         90.2        110.7          9.7        184.1         48.6
      II r...................................................        237.1        203.1         90.7        112.4          9.0        182.9         54.1
      III r..................................................        247.5        203.5         96.8        106.7          6.9        184.2         63.3
      IV r...................................................        225.9        190.9         94.3         96.5          5.4        178.5         47.4
1997:I r.....................................................        248.3        218.3         94.1        124.2          -.5        193.3         55.0
      II r...................................................        231.1        208.7         95.5        113.2          -.5        192.4         38.6
      III r..................................................        241.4        207.2        100.4        106.9          -.4        187.7         53.8
      IV r...................................................        232.3        200.4         96.3        104.1          -.3        180.3         52.0
1998:I r.....................................................        239.1        208.8         90.4        118.3         -1.4        196.1         43.0
      II p...................................................        228.0        206.1         93.6        112.5         -1.2        193.5         34.5
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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 1993 in chart do not reflect 
previous revisions to annual data in 
table.

    Source: Department of 
           Agriculture.