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AmberWaves February 2003 > Indicators

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Farm, Rural, and Natural Resources Indicators

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Annual percent change

item

1990

1995

2000

2001

2002

2003

1990-2000

2001-02

2002-03

Cash receipts ($ billion)

169.5

188.0

193.7

202.8

193.5 f

200.5 f

1.3

-4.6

3.6

Crops

80.3

100.8

94.1

96.4

97.6 f

101.6 f

1.6

1.3

4.0

Livestock

89.2

87.2

99.6

106.4

95.9 f

98.9 f

1.1

-9.9

3.2

Direct government payments ($ billion)

9.3

7.3

22.9

20.7

13.1 f

17.6 f

9.4

-36.6

33.7

Gross cash income ($ billion)

186.9

205.9

230.4

238.5

222.5 f

234.9 f

2.1

-6.7

5.6

Net cash income ($ billion)

52.7

52.5

58.4

59.7

46.3 f

51.3 f

1.0

-22.5

11.0

Net value added ($ billion)

80.8

74.8

92.1

90.9

76.5 f

90.8 f

1.3

-15.9

18.7

Farm equity ($ billion)

702.6

815.0

1,022.3

1,059.0

1,086.6 f

1,099.7 f

3.8

2.6

1.2

Farm debt-asset ratio

16.4

15.6

15.3

15.4

15.7 f

16.0 f

-0.7

1.7

2.2

Farm household income ($/farm household)

38,237

44,392

61,947

64,117 p

62,515 p

65,095 f

4.9

-2.5

4.1

Farm household income as a percentage of U.S. household income (%)

103.1

98.8

108.6

110.2 p

na

na

0.5

na

na

Nonmetro-metro poverty gap (%)

3.6

2.2

2.6

3.1

na

na

-3.2

na

na

Cropland harvested (million acres)

310

302

312

308 p

na

na

0.1

na

na

USDA Conservation Program expenditures ($ bil.)1

3.0

3.5

3.4

3.7

3.5 q

na

1.3

-5.4

na

Food and Fiber Sector Indicators

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Annual percent change

item

1990

1995

2000

2001

2002

2003

1990-2000

2001-02

2002-03

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

5,803

7,401

9,825

10,082

10,619 f

11,206 f

5.4

5.3

5.5

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

0.7

na

na

-5.4

na

na

Total agricultural imports ($ billion)1

22.7

29.8

38.9

39.0

41.0

43.0 f

5.5

5.1

4.9

Total agricultural exports ($ billion)1

40.3

54.6

50.7

52.7

53.3

57.0 f

2.3

1.1

6.9

CPI for food (1982-84=100)

132.4

148.4

167.8

173.1

176.1 p

na

2.4

1.7

na

Personal expenditures on food as a percentage of disposable income (%)

11.6

10.6

10.1

10.2

10.2 p

na

-1.4

0.0

na

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

54.9

53.7

53.1

53.3

52.6 p

na

-0.3

-1.3

na

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

144.5

174.5

210.3

215.4

221.2 p

na

3.8

2.7

na

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

24.9

37.9

32.6

34.2

37.8

na

2.7

10.6

na

f = Forecast. p = Preliminary. q = 2002 Administration request. na = Not available.
1 Based on October-September fiscal years ending with year indicated.
2 Forecasts for 2002 and 2003 based on August 2002 forecasts from the Office of Management and Budget.

Prices received by farmers: Selected crops

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Consumer Price Index: Selected foods

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Major U.S. agricultural exports in 2002

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