[Economic Report of the President (1998)] [Administration of William J. Clinton] [Online through the Government Printing Office, www.gpo.gov] AGRICULTURE Table B-97.--Farm income, 1945-97 [Billions of dollars; quarterly data at seasonally adjusted annual rates] ---------------------------------------------------------------------------------------------------------------- Income of farm operators from farming ------------------------------------------------------------------------------ Gross farm income -------------------------------------------------------- Year or quarter Cash marketing receipts Produc- --------------------------------- Value of tion Net farm Total\1\ Livestock inventory expenses income Total and Crops changes\2\ products --------------------------------------------------------------------------------------------------------------- 1945............................ 25.4 21.7 12.0 9.7 -0.4 13.1 12.3 ................................................................................................................ 1946............................ 29.6 24.8 13.8 11.0 .0 14.5 15.1 ................................................................................................................ 1947............................ 32.4 29.6 16.5 13.1 -1.8 17.0 15.4 ................................................................................................................ 1948............................ 36.5 30.2 17.1 13.1 1.7 18.8 17.7 ................................................................................................................ 1949............................ 30.8 27.8 15.4 12.4 -.9 18.0 12.8 ................................................................................................................ 1950............................ 33.1 28.5 16.1 12.4 .8 19.5 13.6 ................................................................................................................ 1951............................ 38.3 32.9 19.6 13.2 1.2 22.3 15.9 ................................................................................................................ 1952............................ 37.8 32.5 18.2 14.3 .9 22.8 15.0 ................................................................................................................ 1953............................ 34.4 31.0 16.9 14.1 -.6 21.5 13.0 ................................................................................................................ 1954............................ 34.2 29.8 16.3 13.6 .5 21.8 12.4 ................................................................................................................ 1955............................ 33.5 29.5 16.0 13.5 .2 22.2 11.3 ................................................................................................................ 1956............................ 34.0 30.4 16.4 14.0 -.5 22.7 11.3 ................................................................................................................ 1957............................ 34.8 29.7 17.4 12.3 .6 23.7 11.1 ................................................................................................................ 1958............................ 39.0 33.5 19.2 14.2 .8 25.8 13.2 ................................................................................................................ 1959............................ 37.9 33.6 18.9 14.7 .0 27.2 10.7 ................................................................................................................ 1960............................ 38.6 34.0 19.0 15.0 .4 27.4 11.2 ................................................................................................................ 1961............................ 40.5 35.2 19.5 15.7 .3 28.6 12.0 ................................................................................................................ 1962............................ 42.3 36.5 20.2 16.3 .6 30.3 12.1 ................................................................................................................ 1963............................ 43.4 37.5 20.0 17.4 .6 31.6 11.8 ................................................................................................................ 1964............................ 42.3 37.3 19.9 17.4 -.8 31.8 10.5 ................................................................................................................ 1965............................ 46.5 39.4 21.9 17.5 1.0 33.6 12.9 ................................................................................................................ 1966............................ 50.5 43.4 25.0 18.4 -.1 36.5 14.0 ................................................................................................................ 1967............................ 50.5 42.8 24.4 18.4 .7 38.2 12.3 ................................................................................................................ 1968............................ 51.8 44.2 25.5 18.7 .1 39.5 12.3 ................................................................................................................ 1969............................ 56.4 48.2 28.6 19.6 .1 42.1 14.3 ................................................................................................................ 1970............................ 58.8 50.5 29.5 21.0 .0 44.5 14.4 ................................................................................................................ 1971............................ 62.1 52.7 30.5 22.3 1.4 47.1 15.0 ................................................................................................................ 1972............................ 71.1 61.1 35.6 25.5 .9 51.7 19.5 ................................................................................................................ 1973............................ 98.9 86.9 45.8 41.1 3.4 64.6 34.4 ................................................................................................................ 1974............................ 98.2 92.4 41.3 51.1 -1.6 71.0 27.3 ................................................................................................................ 1975............................ 100.6 88.9 43.1 45.8 3.4 75.0 25.5 ................................................................................................................ 1976............................ 102.9 95.4 46.3 49.0 -1.5 82.7 20.2 ................................................................................................................ 1977............................ 108.8 96.2 47.6 48.6 1.1 88.9 19.9 ................................................................................................................ 1978............................ 128.4 112.4 59.2 53.2 1.9 103.2 25.2 ................................................................................................................ 1979............................ 150.7 131.5 69.2 62.3 5.0 123.3 27.4 ................................................................................................................ 1980............................ 149.3 139.7 68.0 71.7 -6.3 133.1 16.1 ................................................................................................................ 1981............................ 166.3 141.6 69.2 72.5 6.5 139.4 26.9 ................................................................................................................ 1982............................ 164.1 142.6 70.3 72.3 -1.4 140.3 23.8 ................................................................................................................ 1983............................ 153.9 136.8 69.6 67.2 -10.9 139.6 14.2 ................................................................................................................ 1984............................ 168.0 142.8 72.9 69.9 6.0 142.0 26.0 ................................................................................................................ 1985............................ 161.2 144.1 69.8 74.3 -2.3 132.6 28.6 ................................................................................................................ 1986............................ 156.1 135.4 71.6 63.8 -2.2 125.2 30.9 ................................................................................................................ 1987............................ 168.4 141.8 76.0 65.8 -2.3 131.0 37.4 ................................................................................................................ 1988............................ 177.9 151.2 79.6 71.6 -4.1 139.9 38.0 ................................................................................................................ 1989............................ 191.9 160.8 83.9 76.9 3.8 146.7 45.3 ................................................................................................................ 1990............................ 198.1 169.5 89.2 80.3 3.3 153.3 44.8 ................................................................................................................ 1991............................ 191.9 167.9 85.8 82.1 -.2 153.3 38.6 ................................................................................................................ 1992............................ 200.5 171.4 85.6 85.7 4.2 152.9 47.5 ................................................................................................................ 1993............................ 203.6 177.7 90.2 87.5 -4.5 160.5 43.1 ................................................................................................................ 1994............................ 215.7 181.2 88.2 93.1 8.2 167.5 48.3 ................................................................................................................ 1995............................ 210.9 187.7 87.0 100.7 -3.9 174.2 36.7 ................................................................................................................ 1996............................ 233.5 202.3 92.9 109.4 2.7 181.3 52.2 ................................................................................................................ 1995: I......................... 208.7 182.5 83.4 99.2 -4.8 171.0 37.7 ................................................................................................................ II........................ 206.8 183.0 81.8 101.2 -4.5 174.0 32.8 ................................................................................................................ III....................... 219.2 201.9 96.3 105.6 -3.5 176.1 43.1 ................................................................................................................ IV........................ 209.0 183.4 86.6 96.8 -2.8 175.6 33.4 ................................................................................................................ 1996: I......................... 239.4 203.7 90.1 113.6 3.3 177.6 61.9 ................................................................................................................ II........................ 238.8 206.0 90.6 115.4 3.1 182.1 56.6 ................................................................................................................ III....................... 230.8 206.3 96.7 109.6 2.5 182.4 48.4 ................................................................................................................ IV........................ 225.0 193.3 94.2 99.1 2.0 183.1 41.9 ................................................................................................................ 1997: I ........................................................................................................ II ....................................................................................................... ---------------------------------------------------------------------------------------------------------------- \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-period inventory of crop and livestock commodities valued at average prices during the period. Note.--Data include net Commodity Credit Corporation loans and operator households. Source: Department of Agriculture, Economic Research Service.