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

Farm, Rural, and Natural Resources Indicators
 Annual percent change
 1990199520002001200220031990-
2000
2001-
02
2002-
03
Cash receipts ($ billion) 169.5 188.0 193.7 202.8 193.5f 200.5f 1.3 -4.6 3.6
Crops 80.3 100.8 94.1 96.4 97.6f 101.6f 1.6 1.3 4.0
Livestock 89.2 87.2 99.6 106.4 95.9f 98.9f 1.1 -9.9 3.2
Direct government payments ($ billion) 9.3 7.3 22.9 20.7 13.1f 17.6f 9.4 -36.6 33.7
Gross cash income ($ billion) 186.9 205.9 230.4 238.5 222.5f 234.9f 2.1 -6.7 5.6
Net cash income ($ billion) 52.7 52.5 58.4 59.7 46.3f 51.3f 1.0 -22.5 11.0
Net value added ($ billion) 80.8 74.8 92.1 90.9 76.5f 90.8f 1.3 -15.9 18.7
Farm equity ($ billion) 702.6 815.0 1,022.3 1,059.0 1,086.6f 1,099.7f 3.8 2.6 1.2
Farm debt-asset ratio 16.4 15.6 15.3 15.4 15.7f 16.0f -0.7 1.7 2.2
Farm household income ($/farm household) 38,237 44,392 61,947 64,117p 62,515p 65,095f 4.9 -2.5 4.1
Farm household income relative to average U.S. household income (%) 103.1 98.8 108.6 110.2p na na 0.5 na na
Nonmetro-metro difference in poverty rates (%points) 3.6 2.2 2.6 3.1 na na -3.2 na na
Cropland harvested (million acres) 310 302 314 311 307p na 0.1 -1.3 na
USDA Conservation Program expenditures ($ bil.)1 3.0 3.5 3.4 3.7 3.5q na 1.3 -5.4 na
f = Forecast. p = Preliminary. q = 2002 Administration request. na = Not available.
1 Based on October-September fiscal years ending with year indicated.
Food and Fiber Sector Indicators
 Annual percent change
 1990199520002001200220031990-
2000
2001-
02
2002-
03
U.S. gross domestic product ($ billion current)1 5,803 7,401 9,825 10,082 10,446 10,843f 5.4 3.6 3.8
Food and fiber share (%) 15.1 14.2 12.6 12.3 na na -1.8 na na
Farm sector share (%) 1.4 1.0 0.8 0.8 0.8 na -5.4 0.0 na
Total agricultural imports ($ billion)2 22.7 29.8 38.9 39.0 41.0 46.0 5.5 5.1 12.2
Total agricultural exports ($ billion)2 40.3 54.6 50.7 52.7 53.3 56.0 2.3 1.1 5.1
CPI for food (1982-84=100) 132.4 148.4 167.8 173.1 176.2 179.0f 2.4 1.8 1.6
Personal expenditures on food as a percentage of disposable income (%) 11.2 10.6 10.2 10.2 10.1 na -0.9 -1.0 na
Share of total food expenditures for at-home consumption (%) 55.4 53.9 53.3 53.8 53.9 na -0.4 0.2 na
Farm-to-retail price spread (1982-84=100) 144.5 174.5 210.3 215.4 221.2 na 3.8 2.7 na
Total USDA food and nutrition assistance spending ($ billion)2 24.9 37.9 32.6 34.2 38.0 na 2.7 11.1 na
f = Forecast. p = Preliminary. na = Not available.
1Forecasts for 2003 based on March 2003 forecasts from the Office of Management and Budget.
2Based on October-September fiscal years ending with year indicated.