Farm, Rural, Natural Resources and Food and Fiber Sector Indicators


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AmberWaves September 2004 > Indicators

item	1990	2000	2001	2002	2003	2004	1990-2000	2002-03	2003-04
Farm, Rural, and Natural Resources Indicators
empty cell							Annual percent change
Cash receipts ($ billion)	169.5	192.0	199.8	192.9	212.4 f	215.0f	1.3	10.1	1.2
Crops	80.3	92.4	93.4	99.5	106.7 f	114.3f	1.4	7.2	7.1
Livestock	89.2	99.5	106.4	93.5	105.6 f	100.7f	1.1	12.9	-4.6
Direct government payments ($ billion)	9.3	22.9	20.7	11.0	17.4 f	10.3f	9.4	58.2	-40.8
Gross cash income ($ billion)	186.9	228.6	235.3	219.4	244.9 f	240.9f	2.0	11.6	-1.6
Net cash income ($ billion)	52.7	56.5	59.2	49.1	63.0 f	55.9f	0.7	28.3	-11.3
Net value added ($ billion)	80.8	92.0	94.2	76.9	98.9 f	93.0f	1.3	28.6	-6.0
Farm equity ($ billion)	702.6	1,025.6	1,070.1	1,110.7f	1160.5 f	1,198.1f	3.9	4.5	3.2
Farm debt-asset ratio	16.4	14.8	14.8	14.8f	14.7 f	14.6f	-1.0	-0.7	-0.7
Farm household income ($/farm household)	38,237	61,947	64,117	65,757	67,453 f	66,732f	4.9	2.6	-1.1
Farm household income relative to average U.S. household income (%)	103.1	108.6	110.2	113.7	na	na	0.5	na	na
Nonmetro-metro difference in poverty rates (%points)	3.6	2.6	3.1	2.6	na	na	-3.2	na	na
Cropland harvested (million acres)	310	314	311	307	314P	na	0.1	2.3	na
USDA Conservation Program expenditures ($ bil.)¹	3.0	3.4	3.7	3.5 q	na	na	1.3	na	na
Food and Fiber Sector Indicators
empty cell							Annual percent change
item	1990	2000	2001	2002	2003	2004	1990-2000	2002-03	2003-04
U.S. gross domestic product ($ billion current)²	5,803	9,825	10,082	10,446	10,863 f	na	5.4	4.0	na
Food and fiber share (%)	15.1	12.6	12.3	na	na	na	-1.8	na	na
Farm sector share (%)	1.4	0.8	0.8	0.8	na	na	-5.4	na	na
Total agricultural imports ($ billion)¹	22.7	38.9	39.0	41.0	45.7	51.5	5.5	11.5	12.7
Total agricultural exports ($ billion)¹	40.3	50.7	52.7	53.3	56.2	61.5	2.3	5.4	9.4
Exports' share of the volume of U.S. agriculture production (%)	27.1	22.8	22.9	22.5	21.1 P	na	-1.7	-6.2	na
CPI for food (1982-84=100)	132.4	167.9	173.1	176.2	180.0	186.5f	2.4	2.2	3.6
Share of U.S. disposable income spent on food (%)	11.2	10.1	10.2	10.1	10.1	na	-1.0	0.0	na
Share of total food expenditures for at-home consumption (%)	55.4	53.3	53.9	53.8	53.1	na	-0.4	-1.3	na
Farm-to-retail price spread (1982-84=100)	144.5	210.3	215.4	221.2	na	na	3.8	na	na
Total USDA food and nutrition assistance spending ($ billion)¹	24.9	32.6	34.2	38.0	41.8	na	2.7	10.0	na
f = Forecast. p = Preliminary. q = 2002 Administration request. na = Not available. ¹ Based on October-September fiscal years ending with year indicated. ² Forecast for 2003 based on the Office of Management and Budget's Midsession Budget Review, July 2003.

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