[Economic Report of the President (2000)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



[[Page 416]]


AGRICULTURE
 
Table B-95.--Farm income, 1945-99
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
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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
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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       38.7
1992..............................      200.5      171.3       85.6       85.7         4.2      152.6       47.9
1993..............................      204.8      177.9       90.4       87.4        -4.2      160.2       44.5
1994..............................      216.1      181.3       88.2       93.1         8.3      166.8       49.2

1995..............................      210.7      188.1       87.1      101.0        -5.0      173.5       37.2
1996..............................      235.7      199.1       93.0      106.2         8.0      180.8       54.9
1997..............................      238.7      207.6       96.5      111.1          .5      190.0       48.6
1998..............................      233.1      196.8       94.5      102.2        -1.0      189.0       44.1
1999.............................      239.1      191.9       96.9       95.1        -1.4      191.1      48.1
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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-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.

Source: Department of Agriculture, Economic Research Service.