[Economic Report of the President (2003)] [Administration of George W. Bush] [Online through the Government Publishing Office, www.gpo.gov] . AGRICULTURE Table B-97.--Farm income, 1945-2002 [Billions of dollars] -------------------------------------------------------------------------------------------------------------------------------------------------------- Income of farm operators from farming ------------------------------------------------------------------------------------------ Gross farm income --------------------------------------------------------------------- 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 -------------------------------------------------------------------------------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------------------------------------------------------------------------------- \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.