[Economic Report of the President (2003)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]



.                                                                       AGRICULTURE
Table B-97.--Farm income, 1945-2002
[Billions of dollars]
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Income of farm operators from farming
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Gross farm income
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Year                                             Cash marketing receipts                                Produc-
---------------------------------  Value of      Direct       tion     Net farm
Total\1\             Livestock              inventory   Government   expenses    income
Total        and     Crops\2\  changes\3\  payments\4\
products
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1945.........................................................       25.4       21.7       12.0        9.7        -0.4         0.7        13.1       12.3
1946.........................................................       29.6       24.8       13.8       11.0          .0          .8        14.5       15.1
1947.........................................................       32.4       29.6       16.5       13.1        -1.8          .3        17.0       15.4
1948.........................................................       36.5       30.2       17.1       13.1         1.7          .3        18.8       17.7
1949.........................................................       30.8       27.8       15.4       12.4         -.9          .2        18.0       12.8

1950.........................................................       33.1       28.5       16.1       12.4          .8          .3        19.5       13.6
1951.........................................................       38.3       32.9       19.6       13.2         1.2          .3        22.3       15.9
1952.........................................................       37.8       32.5       18.2       14.3          .9          .3        22.8       15.0
1953.........................................................       34.4       31.0       16.9       14.1         -.6          .2        21.5       13.0
1954.........................................................       34.2       29.8       16.3       13.6          .5          .3        21.8       12.4

1955.........................................................       33.5       29.5       16.0       13.5          .2          .2        22.2       11.3
1956.........................................................       34.0       30.4       16.4       14.0         -.5          .6        22.7       11.3
1957.........................................................       34.8       29.7       17.4       12.3          .6         1.0        23.7       11.1
1958.........................................................       39.0       33.5       19.2       14.2          .8         1.1        25.8       13.2
1959.........................................................       37.9       33.6       18.9       14.7          .0          .7        27.2       10.7

1960.........................................................       38.6       34.0       19.0       15.0          .4          .7        27.4       11.2
1961.........................................................       40.5       35.2       19.5       15.7          .3         1.5        28.6       12.0
1962.........................................................       42.3       36.5       20.2       16.3          .6         1.7        30.3       12.1
1963.........................................................       43.4       37.5       20.0       17.4          .6         1.7        31.6       11.8
1964.........................................................       42.3       37.3       19.9       17.4         -.8         2.2        31.8       10.5

1965.........................................................       46.5       39.4       21.9       17.5         1.0         2.5        33.6       12.9
1966.........................................................       50.5       43.4       25.0       18.4         -.1         3.3        36.5       14.0
1967.........................................................       50.5       42.8       24.4       18.4          .7         3.1        38.2       12.3
1968.........................................................       51.8       44.2       25.5       18.7          .1         3.5        39.5       12.3
1969.........................................................       56.4       48.2       28.6       19.6          .1         3.8        42.1       14.3

1970.........................................................       58.8       50.5       29.5       21.0          .0         3.7        44.5       14.4
1971.........................................................       62.1       52.7       30.5       22.3         1.4         3.1        47.1       15.0
1972.........................................................       71.1       61.1       35.6       25.5          .9         4.0        51.7       19.5
1973.........................................................       98.9       86.9       45.8       41.1         3.4         2.6        64.6       34.4
1974.........................................................       98.2       92.4       41.3       51.1        -1.6          .5        71.0       27.3

1975.........................................................      100.6       88.9       43.1       45.8         3.4          .8        75.0       25.5
1976.........................................................      102.9       95.4       46.3       49.0        -1.5          .7        82.7       20.2
1977.........................................................      108.8       96.2       47.6       48.6         1.1         1.8        88.9       19.9
1978.........................................................      128.4      112.4       59.2       53.2         1.9         3.0       103.2       25.2
1979.........................................................      150.7      131.5       69.2       62.3         5.0         1.4       123.3       27.4

1980.........................................................      149.3      139.7       68.0       71.7        -6.3         1.3       133.1       16.1
1981.........................................................      166.3      141.6       69.2       72.5         6.5         1.9       139.4       26.9
1982.........................................................      164.1      142.6       70.3       72.3        -1.4         3.5       140.3       23.8
1983.........................................................      153.9      136.8       69.6       67.2       -10.9         9.3       139.6       14.2
1984.........................................................      168.0      142.8       72.9       69.9         6.0         8.4       142.0       26.0

1985.........................................................      161.2      144.1       69.8       74.3        -2.3         7.7       132.6       28.6
1986.........................................................      156.1      135.4       71.6       63.8        -2.2        11.8       125.2       30.9
1987.........................................................      168.4      141.8       76.0       65.8        -2.3        16.7       131.0       37.4
1988.........................................................      177.9      151.2       79.6       71.6        -4.1        14.5       139.9       38.0
1989.........................................................      191.9      160.8       83.9       76.9         3.8        10.9       146.5       45.4

1990.........................................................      198.1      169.5       89.2       80.3         3.3         9.3       153.4       44.6
1991.........................................................      191.9      167.9       85.8       82.1         -.2         8.2       153.4       38.5
1992.........................................................      200.6      171.4       85.8       85.7         4.2         9.2       152.8       47.8
1993.........................................................      205.0      178.2       90.5       87.7        -4.2        13.4       160.4       44.7
1994.........................................................      216.0      181.3       88.3       93.0         8.3         7.9       167.2       48.9

1995.........................................................      210.8      188.0       87.2      100.8        -5.0         7.3       173.8       36.9
1996.........................................................      235.8      199.3       92.9      106.3         7.9         7.3       181.0       54.8
1997.........................................................      238.1      207.7       96.5      111.2          .6         7.5       187.6       50.5
1998.........................................................      232.1      196.0       94.1      101.9         -.6        12.4       186.5       45.6
1999.........................................................      234.5      187.5       95.6       91.9         -.3        21.5       188.3       46.2

2000.........................................................      241.7      193.7       99.6       94.1          .1        22.9       193.7       48.0
2001.........................................................      246.5      202.8      106.4       96.4        -3.2        20.7       200.8       45.7
2002 .......................................................      236.9      196.5       97.4       99.1        -3.6        17.0       200.7       36.2
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\1\ Cash marketing receipts, Government payments, value of changes in inventories, other farm related cash income, and nonmoney income produced by farms
including imputed rent of operator residences.
\2\ Crop receipts include proceeds received from commodities placed under Commodity Credit Corporation loans.
\3\ Physical changes in beginning and ending year inventories of crop and livestock commodities valued at weighted average market prices during the
year.
\4\ Includes only Government payments made directly to farmers.

Note.--Data for 2002 are forecasts.

Source: Department of Agriculture, Economic Research Service.