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



AGRICULTURE


[[Page 439]]


Table B-98.--Farm business balance sheet, 1950-97
[Billions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Assets                                                     Claims
--------------------------------------------------------------------------------------------------------------------
Physical assets                   Financial assets
--------------------------------------------------------------------
Nonreal estate
End of year                                 ---------------------------------------  Invest-                       Real      Non-    Propri-
Total               Live-                                  ments              Total    estate     real     etors'
assets     Real      stock    Machin-              Pur-      in    Other\4\   claims    debt\5\   estate    equity
estate      and     ery and  Crops\2\   chased  cooper-                                 debt\6\
poul-     motor               in-     atives
try\1\   vehicles            puts\3\
--------------------------------------------------------------------------------------------------------------------------------------------------------
1950...............................     121.6      75.4      17.1     12.3       7.1   .......      2.7      7.0      121.6       5.2       5.7    110.7
1951...............................     136.1      83.8      19.5     14.3       8.2   .......      2.9      7.3      136.1       5.7       6.9    123.7
1952...............................     133.0      85.1      14.8     15.0       7.9   .......      3.2      7.1      133.0       6.2       7.1    119.7
1953...............................     128.7      84.3      11.7     15.6       6.8   .......      3.3      7.0      128.7       6.6       6.3    115.8
1954...............................     132.6      87.8      11.2     15.7       7.5   .......      3.5      6.9      132.6       7.1       6.7    118.8

1955...............................     137.0      93.0      10.6     16.3       6.5   .......      3.7      6.9      137.0       7.8       7.3    121.9
1956...............................     145.7     100.3      11.0     16.9       6.8   .......      4.0      6.7      145.7       8.5       7.4    129.8
1957...............................     154.5     106.4      13.9     17.0       6.4   .......      4.2      6.6      154.5       9.0       8.2    137.3
1958...............................     168.7     114.6      17.7     18.1       6.9   .......      4.5      6.9      168.7       9.7       9.4    149.6
1959...............................     173.0     121.2      15.2     19.3       6.2   .......      4.8      6.2      173.0      10.6      10.7    151.7

1960...............................     174.3     123.3      15.6     19.1       6.4   .......      4.2      5.8      174.3      11.3      11.1    151.9
1961...............................     181.6     129.1      16.4     19.3       6.5   .......      4.5      5.9      181.6      12.3      11.8    157.5
1962...............................     188.9     134.6      17.3     19.9       6.5   .......      4.6      5.9      188.9      13.5      13.2    162.3
1963...............................     196.7     142.4      15.9     20.4       7.4   .......      5.0      5.7      196.7      15.0      14.6    167.1
1964...............................     204.2     150.5      14.5     21.2       7.0   .......      5.2      5.8      204.2      16.9      15.3    172.1

1965...............................     220.8     161.5      17.6     22.4       7.9   .......      5.4      6.0      220.8      18.9      16.9    185.0
1966...............................     234.0     171.2      19.0     24.1       8.1   .......      5.7      6.0      234.0      20.7      18.5    194.8
1967...............................     246.0     180.9      18.8     26.3       8.0   .......      5.8      6.1      246.0      22.6      19.6    203.9
1968...............................     257.2     189.4      20.2     27.7       7.4   .......      6.1      6.3      257.2      24.7      19.2    213.2
1969...............................     267.8     195.3      22.8     28.6       8.3   .......      6.4      6.4      267.8      26.4      20.0    221.4

1970...............................     278.9     202.4      23.7     30.4       8.7   .......      7.2      6.5      278.9      27.5      21.2    230.1
1971...............................     301.7     217.6      27.3     32.4      10.0   .......      7.9      6.7      301.7      29.3      24.0    248.5
1972...............................     339.9     243.0      33.7     34.6      12.9   .......      8.7      6.9      339.9      32.0      26.7    281.2
1973...............................     418.5     298.3      42.4     39.7      21.4   .......      9.7      7.1      418.5      36.1      31.6    350.9
1974\7\............................     449.2     335.6      24.6     48.5      22.5   .......     11.2      6.9      449.2      40.8      35.1    373.3

1975...............................     510.8     383.6      29.4     57.4      20.5   .......     13.0      6.9      510.8      45.3      39.7    425.8
1976...............................     590.7     456.5      29.0     63.3      20.6   .......     14.3      6.9      590.7      50.5      45.6    494.7
1977...............................     651.5     509.3      31.9     69.3      20.4   .......     13.5      7.0      651.5      58.4      52.4    540.7
1978...............................     767.4     601.8      50.1     68.5      23.8   .......     16.1      7.1      767.4      66.7      60.7    640.0
1979...............................     898.1     706.1      61.4     75.4      29.9   .......     18.1      7.3      898.1      79.7      71.8    746.6

1980...............................     983.3     782.8      60.6     80.3      32.8   .......     19.3      7.4      983.3      89.7      77.1    816.5
1981...............................     982.3     785.6      53.5     85.5      29.5   .......     20.6      7.6      982.3      98.8      83.6    800.0
1982...............................     944.6     750.0      53.0     86.0      25.9   .......     21.9      7.8      944.6     101.8      87.0    755.8
1983...............................     943.4     753.4      49.5     85.8      23.7   .......     22.8      8.1      943.4     103.2      87.9    752.3
1984...............................     857.1     661.8      49.5     85.0      26.1       2.0     24.3      8.3      857.1     106.7      87.1    663.3

1985...............................     772.7     586.2      46.3     82.9      22.9       1.2     24.3      9.0      772.7     100.1      77.5    595.1
1986...............................     724.8     542.3      47.8     81.9      16.3       2.1     24.4     10.0      724.8      90.4      66.6    567.8
1987...............................     756.3     563.5      58.0     78.7      17.8       3.2     25.3      9.9      756.3      82.4      62.0    611.9
1988...............................     788.4     582.7      62.2     81.0      23.7       3.5     25.1     10.4      788.4      77.8      61.7    648.8
1989...............................     814.4     600.8      66.2     84.1      23.9       2.6     26.3     10.5      814.4      76.0      61.9    676.6

1990...............................     841.5     620.0      70.9     86.3      23.2       2.8     27.5     10.9      841.5      74.7      63.2    703.5
1991...............................     844.9     625.5      68.1     85.9      22.2       2.6     28.7     11.8      844.9      74.9      64.3    705.7
1992...............................     870.3     642.8      71.0     85.4      24.2       3.9     29.4     13.6      870.3      75.4      63.6    731.3
1993...............................     906.4     673.7      72.8     86.5      23.3       3.8     31.0     15.3      906.4      76.0      65.9    764.4
1994...............................     938.3     706.9      67.9     87.5      23.3       5.0     32.1     15.5      938.3      77.7      69.1    791.5

1995...............................     981.9     755.7      57.8     88.5      27.4       3.4     34.1     15.0      981.9      79.3      71.5    831.1
1996...............................   1,033.9     799.5      60.3     88.9      31.7       4.4     34.9     14.1    1,033.9      81.7      74.4    877.8
1997...............................   1,088.8     849.2      66.8     88.1      29.9       5.1     35.7     14.0    1,088.8      85.4      80.1    923.4
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\1\Excludes commercial broilers; excludes horses and mules beginning 1959; excludes turkeys beginning 1986.
\2\Non-Commodity Credit Corporation (CCC) crops held on farms plus value above loan rate for crops held under CCC.
\3\Includes fertilizer, chemicals, fuels, parts, feed, seed, and other supplies.
\4\Currency and demand deposits.
\5\Includes CCC storage and drying facilities loans.
\6\Does not include CCC crop loans.
\7\Beginning 1974, data are for farms included in the new farm definition, that is, places with sales of $1,000 or more annually.

Note.--Data exclude operator households.
Beginning 1959, data include Alaska and Hawaii.

Source: Department of Agriculture, Economic Research Service.