[Economic Report of the President (1999)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



AGRICULTURE


[[Page 438]]


Table B-97.--Farm income, 1945-98
[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............................      198.0      169.5       89.2       80.3         3.3      153.3       44.7
1991............................      191.9      167.9       85.8       82.1         -.2      153.3       38.6
1992............................      200.5      171.4       85.6       85.7         4.2      152.9       47.5
1993............................      204.1      177.8       90.2       87.6        -4.2      160.5       43.6
1994............................      215.8      181.2       88.2       93.1         8.3      167.5       48.3

1995............................      210.1      188.1       87.0      101.1        -5.1      174.1       36.0
1996............................      235.8      199.6       93.0      106.6         7.8      182.4       53.4
1997............................      238.3      208.7       96.6      112.1         -.4      188.4       49.8
1998p...........................      233.1      198.0       93.4      104.7        -1.0      185.1      48.0
----------------------------------------------------------------------------------------------------------------
\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-period inventory of crop and livestock commodities valued at average prices during
the period.

Note.--Data include net Commodity Credit Corporation loan transactions and operator residences.
Data for 1998 are forecasts.

Source: Department of Agriculture, Economic Research Service.