[Economic Indicators February, 2002]
[Page Number 7]
[From the U.S. Government Publishing Office, www.gpo.gov]
FARM INCOME
In the fourth quarter of 2001, according to preliminary estimates, gross
farm income rose $12.6 billion (annual rate) and net farm income rose
$30.6 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
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Gross farm income
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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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1992 ........................................................ 200.6 171.4 85.8 85.7 4.2 152.8 47.8
1993 ........................................................ 205.0 178.2 90.5 87.7 -4.2 160.4 44.7
1994 ........................................................ 216.0 181.3 88.3 93.0 8.3 167.2 48.9
1995 ........................................................ 210.8 188.0 87.2 100.8 -5.0 173.8 36.9
1996 ........................................................ 235.8 199.3 92.9 106.3 7.9 181.0 54.8
1997......................................................... 238.5 207.6 96.5 111.2 .6 190.0 48.5
1998......................................................... 231.8 195.8 94.1 101.7 -.6 189.0 42.9
1999......................................................... 235.3 188.1 95.5 92.6 -.2 191.0 44.3
2000......................................................... 241.5 193.6 99.5 94.1 .5 195.1 46.4
2001 p....................................................... 248.6 201.9 106.1 95.8 .9 199.4 49.3
1999: I ..................................................... 230.2 189.0 95.5 93.5 -.3 198.3 31.9
II .................................................... 230.0 191.7 94.9 96.8 -.3 198.2 31.8
II .................................................... 228.4 193.7 96.9 96.8 -.2 188.8 39.6
IV .................................................... 252.6 178.1 94.9 83.2 -.1 178.7 73.9
2000:I ...................................................... 232.0 190.2 99.7 90.5 .6 198.6 33.5
II .................................................... 233.2 194.5 98.9 95.6 .5 202.3 30.8
III ................................................... 237.3 202.8 100.1 102.6 .4 195.7 41.6
IV .................................................... 263.6 186.9 99.2 87.7 .3 183.7 79.9
2001: I ..................................................... 241.0 199.8 105.4 94.4 1.1 200.4 40.6
II .................................................... 248.8 210.5 108.5 102.0 1.0 207.1 41.7
III p.................................................. 246.1 211.7 110.8 100.9 .8 203.9 42.2
IV p................................................... 258.7 185.5 99.6 85.9 .6 185.8 72.8
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\1\ Cash marketing receipts and
inventory changes plus Government
payments, other farm cash income,
and nonmoney income produced by
farms.
\2\ Physical changes in end-of-
year inventory of crop and livestock
commodities valued at weighted
average market prices during the
period.
Note.--Data include Commodity
Credit Corporation loan transactions
and imputed rent of operator
residences.
Quarterly data plotted for 1992
and 1993 in chart do not reflect
revisions to annual data in table.
Data for 2001 are forecasts.
Source: Department of
Agriculture.