[Economic Indicators November, 1999]
[Page Number 7]
[From the U.S. Government Publishing Office, www.gpo.gov]
FARM INCOME
In the third quarter of 1999, according to preliminary estimates, gross
farm income rose $27.7 billion (annual rate) and net farm income rose
$40.5 billion.
______________________________________________________________________
______________________________________________________________________
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------------------------------------------------------------------------------
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 38.7
1992......................................................... 200.5 171.3 85.6 85.7 4.2 152.6 47.9
1993 ........................................................ 204.8 177.9 90.4 87.4 -4.2 160.2 44.5
1994 ........................................................ 216.1 181.3 88.2 93.1 8.3 166.8 49.2
1995 ........................................................ 210.7 188.1 87.1 101.0 -5.0 173.5 37.2
1996 ........................................................ 235.7 199.1 93.0 106.2 8.0 180.8 54.9
1997 ........................................................ 238.7 207.6 96.5 111.1 .5 190.0 48.6
1998 ........................................................ r 233.0 196.8 94.5 102.2 r -1.1 189.0 r 44.0
1997:I ...................................................... 249.3 217.6 93.3 124.3 .7 195.2 54.2
II .................................................... 231.1 207.2 94.6 112.6 .6 193.9 37.2
III ................................................... 243.0 207.4 101.5 105.9 .5 189.6 53.4
IV .................................................... r 231.3 198.3 96.7 101.6 .4 181.5 r 49.8
1998:I ...................................................... r 234.7 203.1 92.1 111.0 r -1.4 197.0 37.7
II .................................................... r 229.4 204.7 92.0 112.7 r -1.3 195.5 r 33.9
III ................................................... r 233.2 193.6 98.5 95.1 -.9 185.6 r 47.6
IV .................................................... r 234.6 185.6 95.6 90.1 -.7 177.8 56.9
1999:I r..................................................... 245.8 196.3 94.2 102.1 -.7 201.1 44.7
II r................................................... 223.2 196.8 92.9 104.0 -.7 199.0 24.2
III p.................................................. 250.9 188.9 99.5 89.4 -.5 186.2 64.7
--------------------------------------------------------------------------------------------------------------------------------------------------------
\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.