| Estimates
of farm sector income with component accounts: for the United States,
1910-2004; and for States, 1910-2003.
overview
Estimates are presented of the farm sector's income generated by
employment of the sector's resource base in production activities
and its contribution as a key component sector of the national economy
for 1910 to the present. The natural farm income account is disaggregated
into component accounts to provide insight into the financial performance
of the diverse production activities, participants, and geographic
regions of the country. Economic trends can be determined and analyzed
using data related to production and marketing of commodities, expenditures
for types of inputs, income for States, income by size of farm,
and the role of government in supporting the sector. A complete
set of estimates is provided for each State.
feature
The historical estimates are conceptually the same as the farm income
forecast and thus provide a lengthy time series for analysis of
the sector's current financial health, trends, and outllook.
directory of data files
There are well over a thousand tables but the major categories are
value-added (farm income), cash receipts, rankings for commodities
and States, production expenses, cash income, government payments,
and income statements by size of farm.
See all data files...
type of data and component software
All data are made available in Lotus 123 wk1 spreadsheets, which
may be opened for immediate manipulation and presentation in virtually
any version of all types of spreadsheet software.
format
Lotus 123 wk1 spreadsheets
size
Generally less than 100 kb; many less than 50 kb
release date
Annually in early September
instructions/helpful hints
Each spreadsheet may be downloaded to the client's personal computer,
opened in virtually any version of every type of spreadsheet software
and be processed using the full range of spreadsheet functions.
Many browsers permit users to specify a brand of spreadsheet software
to be opened when the user clicks on a link to a file with a specific
extension. The contents of the file will then be quickly displayed
on the monitor for the user's perusal and processing. Spreadsheet
software other than Lotus may be designated to be opened and to
display the wk1 speadsheet. If you need assistance, contact Roger
Strickland.
glossary
Check the glossary
for explanations of the economic concepts used throughout farm income
and costs data.
questions and answers
Q. Why are the ERS income estimates referred to as farm
sector accounts?
A. The farm income accounts measure the earnings from all
production activities in the farm sector as defined by the Bureau
of Economic Analysis (BEA) for national income accounting.
Q. Are the ERS income estimates comparable to income reported
by farmers to the Internal Revenue Service?
A. No. The conceptual framework underlying the ERS value-added
accounts through which farm income is estimated is consistent with
the BEA's national income accounting. Also, data are not available
to duplicate taxable income accounting because of confidentiality
requirements associated with tax filings.
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Also at ERS...
