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



 
FARM INCOME

In the second quarter of 1999, according to preliminary estimates, gross 
farm income fell $20.6 billion (annual rate) and net farm income fell 
$17.2 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        r38.7
1992.........................................................        200.5       r171.3         85.6         85.7          4.2       r152.6        r47.9
1993 r.......................................................        204.8        177.9         90.4         87.4         -4.2        160.2         44.5
1994 r.......................................................        216.1        181.3         88.2         93.1          8.3        166.8         49.2
1995 r.......................................................        210.7        188.1         87.1        101.0         -5.0        173.5         37.2
1996 r.......................................................        235.7        199.1         93.0        106.2          8.0        180.8         54.9
1997 r.......................................................        238.7        207.6         96.5        111.1           .5        190.0         48.6
1998 r.......................................................        233.1        196.8         94.5        102.2         -1.0        189.0         44.1
 
1997:I r.....................................................        249.3        217.6         93.3        124.3           .7        195.2         54.2
      II r...................................................        231.1        207.2         94.6        112.6           .6        193.9         37.2
      III r..................................................        243.0        207.4        101.5        105.9           .5        189.6         53.4
      IV r...................................................        231.4        198.3         96.7        101.6           .4        181.5         49.9
 
1998:I r.....................................................        234.8        203.1         92.1        111.0         -1.3        197.0         37.7
      II r...................................................        229.5        204.7         92.0        112.7         -1.2        195.5         34.0
      III r..................................................        233.3        193.6         98.5         95.1          -.9        185.6         47.7
      IV r...................................................        234.7        185.6         95.6         90.1          -.7        177.8         56.9
 
1999:I r.....................................................        241.1        197.7         94.9        102.8          -.2        199.0         42.1
      II p...................................................        220.5        194.2         91.2        103.1          -.2        195.6         24.9
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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.
    Data for 1999 are forecasts.

    Source: Department of 
           Agriculture.