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Indicators Table

Image for Indicator table page, Amber Waves December 2013 issue
Farm, Rural, and Natural Resources Indicators
 Annual percent change
 200920102011201220132009-102010-112011-122012-13
Cash receipts
($ billion)
289.1 321.0 367.9 395.1 398.7f 11.0 14.6 7.4 0.9
Crops
($ billion)
168.9 179.5 202.0 223.5 217.2f 6.3 12.5 10.6 -2.8
Livestock
($ billion)
120.3 141.4 165.9 171.6 181.5f 17.5 17.3 3.4 5.8
Direct government payments
($ billion)
12.2 12.4 10.4 10.6 11.4f 1.6 -16.1 1.9 6.8
Gross cash income
($ billion)
323.3 351.7 404.5 439.3 446.0f 8.8 15.0 8.6 1.5
Net cash income
($ billion)
73.9 97.7 126.8 134.4 129.7f 32.2 29.8 6.0 -3.4
Net value added
($ billion)
112.8 131.0 168.8 172.1 194.0f 16.1 28.9 2.0 12.7
Farm equity
($ billion)
1,871.5 2,079.5 2,235.4 2,510.9 2,697.5f 11.1 7.5 12.3 7.4
Farm debt-asset ratio 12.5 11.8 11.6 10.7 10.3 -- -- -- --
Median farm household income
($/farm household)
52,235 54,162 57,050 68,2984 68,414f 3.7 5.3 19.7 0.2
Median farm household income relative to median U.S. household income
(%)
1.05 1.10 1.14 1.34 na -- -- -- --
Nonmetro-metro difference in poverty rates
(%points)1
2.7 1.6 2.4 na na -- -- -- --
Cropland harvested
(million acres)3
310 315 302 316p na 1.6 -4.3 4.6 na
USDA Conservation Program expenditures
($ billion)1,2
4.9 5.7 5.9 5.9 na 16.1 4.0 0 na
Food and Fiber Sector Indicators
 Annual percent change
 200920102011201220132009-102010-112011-112012-13
U.S. gross domestic product
($ billion)
14,417.9 14,958.3 15,533.8 16,754.8 16,970.5f 4.2 na na na
Share of agriculture and related industries in GDP
(%)1
4.9 4.9 4.9 4.9f na -- -- -- --
Share of agriculture in GDP
(%)1
0.8 0.9 0.9 0.9f na -- -- -- --
Total agricultural imports
($ billion)2
73.4 79.0 94.5 103.4 111.0f 7.6 19.6 9.4 0.4
Total agricultural exports
($ billion)2
96.3 108.6 137.4 135.8 139.5f 12.7 26.6 -1.2 3.8
Export share of the volume of U.S. agricultural production
(%)1
19.6 21.5 20.2 21.0f na na na na na
CPI for food
(1982-84=100)
218.0 219.6 227.8 233.8 237.1p 0.7 3.7 2.6 1.4
Share of U.S. disposable income spent on food
(%)
9.8 9.7 9.8 10.0 na -- -- na na
Share of total food expenditures for at-home consumption
(%)
51.1 51.4 51.3 50.6 na -- -- na na
Farm-to-retail price spread
(1982-84=100)
276.5 269.3 na na na -2.6 na na na
Total USDA food and nutrition assistance spending
($ billion)2
79.2 95.4 103.8 106.7 na 20.5 8.3 2.6 na
Notes: f = Forecast. p = Preliminary. na = Not available. -- = not applicable. All dollar amounts are in current dollars. Data current as of December 2013.
The farm income forecast reflects USDA's assessment of the outlook for commodities as reflected in the latest WASDE report. The WASDE reports are available at: http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194.
1 The methodology for computing these measures has changed. These statistics are not comparable to previously published statistics. Sources and computation methodology are available at: www.ers.usda.gov/AmberWaves/About/IndicatorsNotes.htm
2Based on October-September fiscal years ending with year indicated.
3The cropland harvested estimates do not double-count the acres on which multiple crops are grown.
4Differences between 2012 estimates and estimates from prior years reflect changes in survey methodology and implementation associated with the 2012 Agricultural Resource Management Survey in addition to changes in the economic situation of farm households. Source: USDA, Economic Research Service and National Agricultural Statistics Service, Agricultural Resource Management Survey. Data as of November 26, 2013.
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