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



 
FARM INCOME

In the third quarter of 1998, according to preliminary estimates, gross 
farm income rose $5.6 billion (annual rate) and net farm income rose 
$15.1 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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1990 ........................................................        198.0        169.5         89.2         80.3          3.3        153.3         44.7
1991 ........................................................        191.9        167.9         85.8         82.1          -.2        153.3         38.6
1992 ........................................................        200.5        171.4         85.6         85.7          4.2        152.9         47.5
1993.........................................................        204.1        177.8         90.2         87.6         -4.2        160.5         43.6
1994 ........................................................        215.8        181.2         88.2         93.1          8.3        167.5         48.3
1995  .......................................................        210.1        188.1         87.0        101.1         -5.1        174.1         36.0
1996  .......................................................        235.8        199.6         93.0        106.6          7.8        182.4         53.4
1997.........................................................        238.3        208.7         96.6        112.1          -.4        188.4         49.8
 
1995:III ....................................................        210.2        191.5         85.9        105.6         -4.6        177.3         32.9
      IV.....................................................        211.8        186.3         87.4         98.8         -3.6        170.6         41.2
 
1996:I.......................................................        232.8        200.9         90.2        110.7          9.8        184.7         48.0
      II.....................................................        237.1        203.1         90.7        112.4          9.0        182.9         54.2
      III....................................................        247.4        203.5         96.8        106.7          6.9        183.4         64.1
      IV.....................................................        225.9        190.9         94.3         96.5          5.4        178.8         47.2
 
1997:I.......................................................        247.9        217.8         97.2        120.6          -.5        193.9         54.0
      II.....................................................        230.1        207.8         96.1        111.7          -.5        192.1         38.0
      III....................................................        240.8        206.6         98.6        108.0          -.4        186.7         54.1
      IV.....................................................        234.4        202.5         94.4        108.1          -.3        181.2         53.3
 
1998:I.......................................................        240.4        210.7         94.3        116.4         -1.3        194.7         45.7
      II ....................................................        226.6        203.8         92.4        111.4         -1.2        190.6         36.0
      III p..................................................        232.2        194.5         95.2         99.3          -.9        181.1         51.1
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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.