[Economic Indicators February, 1999]
[Page Number 7]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
FARM INCOME

In the fourth quarter of 1998, according to preliminary estimates, gross 
farm income fell $0.8 billion (annual rate) and net farm income rose 
$7.8 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
1998 p.......................................................        233.1        198.0         93.4        104.7         -1.0        185.1         48.0
 
1996:I ......................................................        232.7        200.9         90.2        110.7          9.7        184.1         48.6
      II ....................................................        237.1        203.1         90.7        112.4          9.0        183.0         54.1
      III ...................................................        247.5        203.5         96.8        106.7          6.9        184.2         63.3
      IV ....................................................        225.9        190.9         94.3         96.5          5.4        178.5         47.4
 
1997:I ......................................................        248.4        218.3         94.1        124.3          -.5        193.4         55.0
      II ....................................................        231.1        208.8         95.5        113.2          -.5        192.5         38.6
      III ...................................................        241.5        207.2        100.3        106.9          -.4        187.7         53.7
      IV ....................................................        232.3        200.3         96.3        104.0          -.3        180.2         52.1
 
1998:I.......................................................        240.6        211.1         91.2        119.9         -1.5        195.2         45.4
      II ....................................................        227.5        204.8         91.9        112.9         -1.3        191.5         36.0
      III ...................................................        232.8        195.2         97.1         98.1         -1.0        181.8         51.0
      IV p...................................................        232.0        182.2         94.2         88.1          -.7        173.2         58.8
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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.