Indicators
| Annual percent change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1990 | 2000 | 2001 | 2002 | 2003 | 2004 | 1990-2000 | 2002-03 | 2003-04 | |
| Cash receipts ($ billion) | 169.5 | 192.0 | 199.8 | 192.9 | 212.4f | 215.0f | 1.3 | 10.0 | 1.2 |
| Crops | 80.3 | 92.4 | 93.4 | 99.5 | 106.7f | 114.3f | 1.4 | 7.2 | 7.1 |
| Livestock | 89.2 | 99.5 | 106.4 | 93.5 | 105.6f | 100.7f | 1.1 | 12.9 | -4.6 |
| Direct government payments ($ billion) | 9.3 | 22.9 | 20.7 | 11.0 | 17.4f | 10.3f | 9.4 | 58.2 | -40.8 |
| Gross cash income ($ billion) | 186.9 | 228.6 | 235.3 | 219.4 | 244.9f | 240.9f | 2.0 | 11.6 | -1.6 |
| Net cash income ($ billion) | 52.7 | 56.5 | 59.2 | 49.1 | 63.0f | 55.9f | 0.7 | 28.3 | -11.3 |
| Net value added ($ billion) | 80.8 | 92.0 | 94.2 | 76.9 | 98.9f | 93.0f | 1.3 | 28.6 | -6.0 |
| Farm equity ($ billion) | 702.6 | 1,025.6 | 1,070.1 | 1,110.7f | 1,160.5f | 1,198.1f | 3.9 | 4.5 | 3.2 |
| Farm debt-asset ratio | 16.4 | 14.8 | 14.8 | 14.8f | 14.7f | 14.6f | -1.0 | -0.7 | -0.7 |
| Farm household income ($/farm household) | 38,237 | 61,947 | 64,117 | 65,757 | 67,453f | 66,732f | 4.9 | 2.6 | -1.1 |
| Farm household income relative to average U.S. household income (%) | 103.1 | 108.6 | 110.2 | 113.7 | na | na | 0.5 | na | na |
| Nonmetro-metro difference in poverty rates (%points) | 3.6 | 2.6 | 3.1 | 2.6 | na | na | -3.2 | na | na |
| Cropland harvested (million acres) | 310 | 314 | 311 | 307 | 314p | na | 0.1 | 2.3 | na |
| USDA Conservation Program expenditures ($ billion)1 | 3.0 | 3.4 | 3.7 | 3.5q | na | na | 1.3 | na | na |
| f= Forecast. p = Preliminary. q = 2002 Administration request. na = Not available. All dollar amounts are in current dollars. 1 Based on October-September fiscal years ending with year indicated. | |||||||||
| Annual percent change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1990 | 2000 | 2001 | 2002 | 2003 | 2004 | 1990-2000 | 2002-03 | 2003-04 | |
| U.S. gross domestic product ($ billion)1 | 5,803 | 9,825 | 10,082 | 10,446 | 10,863f | 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)2 | 22.7 | 38.9 | 39.0 | 41.0 | 45.7 | 51.5 | 5.5 | 11.5 | 12.7 |
| Total agricultural exports ($ billion)2 | 40.3 | 50.7 | 52.7 | 53.3 | 56.2 | 61.5 | 2.3 | 5.4 | 9.4 |
| Export share of the volume of U.S. agricultural production (%) | 27.1 | 22.8 | 22.9 | 22.5 | 21.1p | 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)2 | 24.9 | 32.6 | 34.2 | 38.0 | 41.8 | na | 2.7 | 10.0 | na |
| f= Forecast. p = Preliminary. na = Not available. All dollar amounts are in current dollars. 1 Forecast for 2003 based on the Office of Management and Budget's Midsession Budget Review, July 2003. 2 Based on October-September fiscal years ending with year indicated. | |||||||||
