[Economic Indicators May, 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
                                                              ------------------------------------------------------------------------------------------
                                                                                      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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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.