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Amber Waves: The Conomics of Food, Farming, Natural Resources, and Rural America

February 2006

| United States Department of Agriculture | Economic Research Service
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Indicators heading
Tab: IndicatorsTab: Behind the DataTab: Research AreasTab: On the MapTab: In the Long Run
Farm, Rural, and Natural Resources Indicators
empty cell

Annual percent change

item

2000

2001

2002

2003

2004

2005

2002-03

2003-04

2004-05

Cash receipts ($ billion)

192.1

200.1

195.0

216.6

241.2

239.6f

11.1

11.4

-0.7

Crops

92.5

93.3

101.0

111.0

117.8 115.9f

9.9

6.1

-1.6

Livestock

99.6

106.7

94.0

105.6

123.5 123.7f

12.3

17.0

0.2

Direct government payments ($ billion)

22.9

20.7

11.2

17.2

13.3 22.7f

53.6

-22.7

70.7

Gross cash income ($ billion)

228.7

235.6

221.0

249.5

271.7 280.6f

12.9

8.9

3.3

Net cash income ($ billion)

56.7

60.1

49.5

71.6

85.5 83.2f

44.6

19.4

-2.7

Net value added ($ billion)

91.9

95.0

78.6

101.2

125.9 118.1f

28.8

24.4

-6.2

Farm equity ($ billion)

1,025.6

1,070.2

1,110.7

1180.8

1,293.9f 1,378.9f

6.3

9.6

6.6

Farm debt-asset ratio

14.8

14.8

14.8

14.4

13.8f 13.4f

-2.7

-4.2

-2.9

Farm household income ($/farm household)

61,947

64,117

65,757

68,515

81,480p 83.660f

4.2

18.9

2.7

Farm household income relative to average U.S. household income (%)

108.6

110.2

113.7

116.0

134.6p na

2.0

16.0

na

Nonmetro-metro difference in poverty rates (%points)

2.6

3.1

2.6

2.1

na na.

-19.2

na

na.

Cropland harvested (million acres)

314

311

307

315

312p na

2.6

-1.0

na

USDA Conservation Program expenditures ($ bil.)1

3.3

3.7

4.2

4.3

5.1 na.

2.4

18.6

na
Food and Fiber Sector Indicators
empty cell

Annual percent change

item

2000

2001

2002

2003

2004

2005

2002-03

2003-04

2004-05

U.S. gross domestic product ($ billion current)2

9,817

10,128

10,470

10,971

11,734 na

4.8

7.0

na

Food and fiber share (%)

5.8

5.8

5.7

5.8

6.0 na

2.2

3.3

na

Farm sector share (%)

0.7

0.7

0.7

0.8

1.0 na

11.1

19.2

na

Total agricultural imports ($ billion)1

38.9

39.0

41.0

45.7

52.7 57.5

11.5

15.3

9.1

Total agricultural exports ($ billion)1

50.7

52.7

53.3

56.2

62.4 62.0

5.4

11.0

-0.6

Exports' share of the volume of U.S. agriculture production (%)

17.6

17.6

16.7

17.9

16.3 na

7.2

-8.9

na

CPI for food (1982-84=100)

167.9

173.1

176.2

180.0

186.2 190.7

2.2

3.4

2.4

Share of U.S. disposable income spent on food (%)

9.8

9.8

9.5

9.4

9.5 na

-1.1

1.1

na

Share of total food expenditures for at-home consumption (%)

51.7

51.7

50.8

50.3

49.7 na

-1.0

-1.2

na

Farm-to-retail price spread (1982-84=100)

210.3

215.4

221.2

225.6

232.9 na

2.0

3.2

na

Total USDA food and nutrition assistance spending ($ billion)1

32.6

34.2

38.0

41.8

46.2 50.7

10.0

10.5

9.7

f = Forecast. p = Preliminary. na = Not available.
1 Based on October-September fiscal years ending with year indicated.
2 GDP data released July 29, 2005 and agricultural output data released December 15, 2005 by U.S. Department of Commerce, Bureau of Economic Analysis.

Chart: Producer price indices of selected product groups

Chart: U.S. per capita meat consumption, 1950-2003

Chart: Major destination of U.S. agricultural exports, 2004

For more information . . .

AO tables
Get the statistical indicators formerly provided in Agricultural Outlook magazine.