[Economic Report of the President (2004)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
AGRICULTURE
Table B-97.--Farm income, 1945-2003
[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       28.4       16.1       12.4          .8          .3        19.5       13.6
1951.........................................................       38.3       32.8       19.6       13.2         1.2          .3        22.3       15.9
1952.........................................................       37.7       32.5       18.2       14.3          .9          .3        22.8       14.9
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.........................................................       33.4       29.5       16.0       13.5          .2          .2        22.2       11.3
1956.........................................................       33.9       30.4       16.4       14.0         -.5          .6        22.7       11.2
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       14.3
1984.........................................................      168.0      142.8       72.9       69.9         6.0         8.4       142.0       26.0

1985.........................................................      161.1      144.0       70.1       73.9        -2.3         7.7       132.6       28.5
1986.........................................................      156.1      135.4       71.6       63.8        -2.2        11.8       125.0       31.1
1987.........................................................      168.4      141.8       76.0       65.8        -2.3        16.7       130.4       38.0
1988.........................................................      177.8      151.1       79.5       71.6        -4.1        14.5       138.3       39.5
1989.........................................................      191.6      160.5       83.6       76.9         3.8        10.9       145.1       46.5

1990.........................................................      197.9      169.4       89.1       80.3         3.3         9.3       151.5       46.3
1991.........................................................      192.0      167.9       85.8       82.1         -.2         8.2       151.8       40.2
1992.........................................................      200.7      171.5       85.8       85.8         4.2         9.2       151.2       49.5
1993.........................................................      205.1      178.3       90.5       87.7        -4.2        13.4       158.3       46.8
1994.........................................................      216.2      181.4       88.3       93.1         8.3         7.9       164.8       51.4

1995.........................................................      210.9      188.2       87.2      101.0        -5.0         7.3       171.2       39.7
1996.........................................................      235.9      199.5       92.9      106.5         7.9         7.3       178.1       57.8
1997.........................................................      238.3      207.9       96.5      111.4          .6         7.5       187.1       51.3
1998.........................................................      232.3      196.2       94.1      102.1         -.6        12.4       186.0       46.2
1999.........................................................      234.5      187.6       95.6       92.0         -.2        21.5       187.7       46.8

2000.........................................................      241.4      192.0       99.5       92.4         1.6        22.9       193.6       47.8
2001.........................................................      248.4      199.8      106.4       93.4         1.2        20.7       197.8       50.6
2002 ........................................................      228.2      192.9       93.5       99.5        -3.1        11.0       192.8       35.3
2003 p.......................................................      259.2      209.9      104.3      105.6         1.0        19.7       203.5       55.8
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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 2003 are forecasts.

Source: Department of Agriculture, Economic Research Service.