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Amber Waves cover, November 2008
Amber Waves: The Economics of Food, Farming, Natural Resources, and Rural America

November 2008

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Statistics Heading
 
Farm, Rural, and Natural Resources Indicators
empty cell

Annual percent change

item

2005

2006

2007

2008
2009
2005-06
2006-07
2007-08 2008-09

Cash receipts ($ billion)

240.9 240.8 284.8 324.2p 294.6f 0.0 18.3 13.8 -9.1

Crops

116.0 122.6 147.0 181.1p 162.4f
5.7
19.9
23.2
-10.3

Livestock

124.9 118.2 137.9 143.1p 132.2f
-5.4
16.7
3.8
-7.6

Direct government payments ($ billion)

24.4 15.8 11.9 12.4p 11.4f
-35.2
-24.7
4.2
-8.1

Gross cash income
($ billion)

281.5 274.1 313.4 354.3p 324.1f
-2.6
14.3
13.1
-8.5

Net cash income
($ billion)

86.6 68.0 87.4 93.4p 77.3f
-21.5
28.5
6.9
-17.2

Net value added
($ billion)

123.6 103.1 132.5 137.3p 120.0f
-16.6
28.5
3.6
-12.6

Farm equity ($ billion)

1,642.2 1,851.0 1,998.4 2,134.5p 2,171.1f
12.7
8.0
6.8
1.7

Farm debt-asset ratio

10.5 9.6 9.6 9.2p 9.1f
-8.6
0.0
-4.2
-1.1

Farm household income ($/farm household)

81,086 81,251 86,223 86,864f 85,140f
0.2
6.1
0.7
-2.0

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

128.0 122.1 127.5 na na
na
na
na
na

Nonmetro-metro difference in poverty rates (%points)1

2.3 3.4 5.5 na na
na
na
na
na

Cropland harvested (million acres)

314 304p na na na
-3.2
na
na
na

USDA Conservation Program expenditures
($ billion)2

4.3 4.3 4.4p 5.0f na
0.0
2.3
13.6
na
Food and Fiber Sector Indicators
empty cell

Annual percent change

item

2005

2006

2007
2008
2009
2005-06
2006-07
2007-08
2008-09

U.S. gross domestic product ($ billion)

12,422

13,178

13,808 14,281 na
6.1
4.8
3.4
na

Share of agriculture and related industries in GDP (%)1

4.5 4.3 4.6 na na
-4.4
7.0
na
na

Share of agriculture in GDP (%)1

0.8 0.7 1.0 na na
-12.5
42.9
na
na

Total agricultural imports ($ billion)2

57.7 64.0 70.1 79.3 81.0f
10.9
9.5
13.1
2.1

Total agricultural exports ($ billion)2

62.5 68.6 82.2 115.5 98.5f
9.8
19.8
40.5
-14.7

Export share of the volume of U.S. agricultural production (%)1

21.5
23.0

23.8p na na
7.0
3.5
na
na

CPI for food
(1982-84=100)

190.7 195.3 202.9 214.1 na
2.4
3.9
5.5
na

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

9.8 9.8 9.8 na na
0.0
0.0
na
na

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

51.4 51.1 51.2 na na
-0.6
0.2
na
na

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

239.2 246.2 248.3 na na
2.9
0.9
na
na

Total USDA food and nutrition assistance spending ($ billion)2

50.9 53.1 54.3 na na
4.3
2.3
na
na

f = Forecast. p = Preliminary. na = Not available. All dollar amounts are in current dollars.
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

2 Based on October-September fiscal years ending with year indicated.

Chart: Line chart showing a rise in prices for soybeans, wheat, and corn

Chart: Line chart showing a rise in the value of U.S. agricultural exports

Chart: Line chart showing increased net farm income

 

For more information . . .

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