[Economic Report of the President (2002)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] Table B-97. -- AGRICULTURE Table B-97.--Farm income, 1945-2001 [Billions of dollars] ---------------------------------------------------------------------------------------------------------------- Income of farm operators from farming ----------------------------------------------------------------------------- Gross farm income -------------------------------------------------------- Year 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 3.8 146.6 45.3 1990.............................. 198.1 169.5 89.2 80.3 3.3 153.4 44.6 1991.............................. 191.9 167.9 85.8 82.1 -.2 153.4 38.5 1992.............................. 200.6 171.4 85.8 85.7 4.2 152.8 47.8 1993.............................. 205.0 178.2 90.5 87.7 -4.2 160.4 44.7 1994.............................. 216.0 181.3 88.3 93.0 8.3 167.2 48.9 1995.............................. 210.8 188.0 87.2 100.8 -5.0 173.8 36.9 1996.............................. 235.8 199.3 92.9 106.3 7.9 181.0 54.8 1997.............................. 238.5 207.6 96.5 111.2 .6 190.0 48.5 1998.............................. 231.8 195.8 94.1 101.7 -.6 189.0 42.9 1999.............................. 235.3 188.1 95.5 92.6 -.2 191.0 44.3 2000.............................. 241.5 193.6 99.5 94.1 .5 195.1 46.4 2001 ............................ 248.6 201.9 106.1 95.8 .9 199.4 49.3 ---------------------------------------------------------------------------------------------------------------- \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 weighted average market prices during the period. Note.--Data include Commodity Credit Corporation loan transactions and imputed rent of operator residences. Data for 2001 are forecasts. Source: Department of Agriculture, Economic Research Service.