[Economic Indicators January, 2003]
[Page Number 7]
[From the U.S. Government Publishing Office, www.gpo.gov]
FARM INCOME
In the third quarter of 2002, according to preliminary estimates, gross
farm income fell $1.7 billion (annual rate) and net farm income rose
$5.6 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 Direct Production Net farm
Total \1\ Livestock inventory Government expenses income
Total and Crops changes \2\ payments
products
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1992 ........................................... 200.6 171.4 85.8 85.7 4.2 9.2 152.8 47.8
1993 ........................................... 205.0 178.2 90.5 87.7 -4.2 13.4 160.4 44.7
1994 ........................................... 216.0 181.3 88.3 93.0 8.3 7.9 167.2 48.9
1995 ........................................... 210.8 188.0 87.2 100.8 -5.0 7.3 173.8 36.9
1996 ........................................... 235.8 199.3 92.9 106.3 7.9 7.3 181.0 54.8
1997 ........................................... 238.1 207.7 96.5 111.2 .6 7.5 187.6 50.5
1998 ........................................... 232.1 196.0 94.1 101.9 -.6 12.4 186.5 45.6
1999 ........................................... 234.5 187.5 95.6 91.9 -.3 21.5 188.3 46.2
2000 ........................................... 241.7 193.7 99.6 94.1 .1 22.9 193.7 48.0
2001 ........................................... 246.5 202.8 106.4 96.4 -3.2 20.7 200.8 45.7
2000:I ......................................... 233.3 191.5 99.2 92.3 .2 16.6 199.0 34.3
II ....................................... 239.6 200.9 100.1 100.8 .1 13.5 205.3 34.3
III ...................................... 235.4 200.7 100.3 100.4 .1 9.7 191.6 43.9
IV ....................................... 258.5 181.6 98.5 83.1 .1 51.7 178.8 79.8
2001: I ........................................ 234.1 196.8 104.9 91.9 -3.9 15.1 201.5 32.5
II ....................................... 243.6 209.1 105.9 103.2 -3.9 12.3 211.1 32.5
III ...................................... 240.3 208.3 106.2 102.2 -2.8 8.8 202.1 38.2
IV ....................................... 268.1 197.1 108.7 88.4 -2.1 46.8 188.4 79.7
2002: I ........................................ 232.8 197.9 103.6 94.3 -4.5 12.3 201.1 31.6
II ....................................... 226.9 194.2 92.1 102.1 -4.3 10.0 207.7 19.2
III p..................................... 225.2 194.3 89.8 104.5 -3.2 7.2 200.4 24.8
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\1\ Cash marketing receipts,
inventory changes and direct
Government payments, plus 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 2002 are forecasts.
Source: Department of
Agriculture.