~~I ,_)

rcch

!90

UTLOOK ISSUE

FARM INCOME SITUATION

JV 18 1964

196 For Release November 16, p. m. NOVEMBER 1964

1963, farms with sales of or more comprised 27 per­

of all farms, accounting for of total cash receipts

percent of aggregate realized Such farms have been

in number since 1959 are accounting for a growing

of cash receipts and net income. See narrative

starting on page 18 for in farm income by sales from 1959 through 1963.

FARMS AND FARM INCOME, 1963

CASH RECEIPTS

REALIZED NET INCOME

NUMBER OF FARMS

0

Percentage Distribution by Soles Classes

20 PERCENT

40 60

SALES CLASSES($ THOUS.)

10.0 & over 5.0 -9.9 2.5 -4.9

Under 2.5

80

U.S. DEPARTMENT OF AGRlCUL TURE NEG. ERS 2979-64 (7) ECONOMIC RESEARCH SERVICE

IN THIS ISSUE

e 1965 Outlook

urrent Cash Receipts

tribution By Sales Classes, 1959-63

Published four times a year by ECONOMIC RESEARCH SERVICE • U.S. DEPARTMENT OF AGRICULTURE

FIS-196 - 2 - NOVF.J1BER 1964

Table 1.--Gross and net income from farming, seasonally adjusted at annual rates, by quarters, 1963-64

Item

Cash receipts from

I

Bil. dol.

II

Bil. dol.

1963

III

Bil. dol.

Average, I-III

Bil. dol.

IV

Bil. dol.

Year

Bil. dol.

farm marketings •••••.•. : 37.0 36.7 36.8 36.8 37.2 36.9 Nonmoney income and

Government payments ••••. 4.9 4.8 4.8 4.8 4.8 4.8 ------~------------------------------------------------Realized gross

farm income .•••••..•••. : 41.9 41.5 41.6 41.6 42.0 41.7 Farm production

expenses •.•••..•••.•.••. 29.3 29.2 29.2 29.2 29.2 29.2 ---~~----~-----~--~--~----~--~----~~---Farm operators' realized

net income •••.••••••••. : 12.6 12.3 12.4 12.4 12.8 12.5 Net change in farm

inventories ..••.••.•.•. : • 6 • 5 • 5 • 5 • 4 • 5 Farm operators' total ------------~~------------------------------------

net income .•••••••••••• : 13.2

Item

Cash receipts from

I

Bil. dol.

12.8

II

Bil. dol.

12.9 12.9

1964

III

Bil. dol.

Average, I-III

Bil. dol.

farm marketings .••••••. : 36.7 36.8 36.2 36.6 Nonmoney income and

13.2

IV

Bil. dol.

Year

Bil. dol.

Government payments •••• : 5.2 5.2 5.4 5.3 Realized gross --~------~--------~--~~---~-------------------

farm income •••••••••••• : 41.9 42.0 41.6 41.9 Farm production

expenses ••••••••••••••• : 29.6 29.7 29.1 29.5 ---~-----~~~---~~~--~~---~---------------------Farm operators ' realized

net income ••••••••••.•• : 12.3 12.3 12.5 12.4 Net change in farm

inventories •••••••••.•• : .3 .3 .1 .2 Farm operators' total -----~--------~------~--------~-----------------

net income •••••••.••••• : 12.6 12.6 12.6 12.6

FIS-1)16 - 3 - NOVEMBER 1961~

CONTENTS

Farm income: The outlook for 1965 and the current situation . • . • • 3 Ou:t.look s1l.lTIIn.ary • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 3 Current situation surmnacy • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 4 Outlook for 1965 farr:J. income • • . . • • • . . . • . • . • . • . • • • • • • • • • • • . • 4

c·u.rrent estimates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Jonua!'"'J-Scpternber 1964 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Vol1.une of marketings in 196!.: . . . . . . . • • • • . • . . . . . . . • • . . • . . • • • . • . . . . 7 Cash receipts in September and October 1964 . . • . • . . • • • . . . . . . . . . . . 8 Tables on volume of marketings and home consumption, 1940-64 .•.. 9 Tables on monthly cash receipts, u.s., June-September 1963-611- . . . 10 Tables on cash receipts from farm marketings, by States,

June-September 1963-6L~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Income of farm operator families by value of sales class •••..••. 18

Outlook Sunrrruary

FARM: INCOHE: Tlill OUTLOOK FOR 1965 AND THE CURRENT SITUATION

The outlook for 1965 is for continued stability in realized net farm in­come, close to the level vrhich has prevailed. since 1961. Farmers 1 realized gross income in 1965 may be much the same as in 1964. Production expenses may show some fUrther increase, but probably much less than usual. Thus, realized net farm income next year is expected to hold about the same as the January­September 1964 seasonally adjusted annual rate of $12.4 billion.

The outlook for 1965 points to a continued record high average of realized net income per farm. Also, disposable personal income per capita of the farm population may rise slightly next year because of the relative stability in farm income, continued general economic expansion, and a further reduction in income tax rates. Both farm numbers and the farm population are expected to continue to d.ecline next year.

Cash receipts from farm marketings of livestock and livestock products probably will be higher in 1965 than this year. Government payments to farmers are also expected to rise in 1965, but not as much as the substantial rise from 1963 to 1964. However, receipts from farm marketings of crops next year likely will be lo"rer than in 1961~. This assumes average growing conditions in 1965 and a recovery from the reduced yields for the 1964 crop. A prospective strong domestic and foreign demand for farm products in 1965 will also be an important influence on income prospects.

Current operating expenses such as feed and livestock purchased are ex­pected to be up slightly in 1965, but the hired labor bill will probably be down again. However, overhead. costs such as interest and ta..'{es are expected to continue to increase again in 1965.

FIS-l96 NOVEMBER 196L~

Current Situation Summa:r"J

Net~ farm income realized in 19()4 probably '\'Till be close to the $12.5 billion for 1963. It was estimated at a $12.4 billion annual rate, seasonally adjusted, in the first three quarters of 1964. This stability resul·~s from much larger Government; payments and a smaller rise than usual in farm production expenses. Some.,.rhat offsetting is a drop in total cash receipts from farm marketings, concentrated in the crops sector. Livestock and li vestoclc products receipts vrill probably be slightly higher this year than in 1963. Realized gross farm income may total around $1~1.9 billion, a record high. ·

Production expenses in 1964 may total within 1 percent of the $29.2 billion estimated for last year. Outlays for feed, livestock, and hired labor are estimated to be lower this year than in 1963. Tnese lower costs are offset by larger outlays for items such as fertilizer, repairs and operations of capital items, taxes, and interest.

On a per farm basis, estimates through January-September 1964 point to an increase of about 3 percent above the $3,504 average net income realized per farm in 1963. A further increase is also ind.icated this year in the disposable personal income per capita of the farm population from all sources, with gains from both farm and nonfarm s·ources.

Outlook for 1965 Farm Income

Cash receipts from farm marketings in 1965 may be down a little from this year, but most of this d.ecline will be offse·t by a further increase in Govern­ment payraents to farmers. Crop marketings next year will probably be lower, but livestock and livestock product marketings are expected to reach a record high in 1965. Crop prices next year probably will average moderately lower than this year vrhile livestock and livestock product prices are expected to show little change from the 1964 level. The total volume of farm marketings will likely increase in 1965 though less than that from 1963 to 1964. But, this increase in volume in 1965 is expected to be more than offset by a de­cline in the average of prices received for all farm products due to the lower prices from crops.

Receipts from crop marketings will likely be lower in 1965 as both the volume and the average price are expected to be slightly lower than the 1964 levels. Hovrever, some of the anticipated downturn in cash receipts from marketings of crops will be offset by gains in Government payments--noticeably for the grains complex. Moderate increases in receipts are lik,ely next year from farm marketings of feed crops and oi1-bearing crops. A drop in receipts is in prospect next year for farm marketings of food grains, tobacco, vege­tables, and fruits and nuts. Receipts from farm marketings of cotton are not expected to be much different next year than this year, partly due to the pattern of marketings for the 1963 and. 1964 crops. Cash income to cotton producers in 1965 will be supplemented by payments under the Domestic Allotment Choice Program.

FIS-196 - 5 - NOVEMBER 1964

Ce.sh receipts from marketings of livestock and li vstock products are expected to be moderately higher in 1965 than in 1964. Some further increase in the volume of beef marketings may occur, but the gain over a year earlier probably will be considerably smaller than the 10 percent increase from 1963 to 19()4. Prices for cattle at the farm in 1965 may be ve'r'J close to the 19()4 level. Hog prices are expected to be higher next year as production prospects point to a smaller slaughter in 1965. Little change seems likely in the 1965 price for broilers, but egg prices may ease off from the 196'-~ level. Marketings of poultry and eggs are expected. to increase in volume in 1965. Some small in­crease vrill probably occur aeain in the quantity of milk marketed, but prices paid by plants and dealers may ease off some from the 1964 level.

Government payments to farmers are expected to be higher again in 1965. However, the anticipated increase 1·rill be much smaller than this year. Pay­ments next year under the Feed Grain Program may be up about 10 percent because of an expected high level of participation. Payments under the Hheat Program are not expected to be much different next year than in 1964 despite the fact that a record number of 781 thousand farms signed up in the program this fall. The 1965 voluntary vlheat Program differs somewhat from the 1964 program in that domestic marketing certificates vrill be vTOrth 75 cents, up 5 cents from 1964. Export certificates will be worth 30 cents, also up 5 cents from 1964, but t-hese will apply to only 35 percent of the normal production of acreage allot­ments as compared to ~-5 percent in 1964. The loan rate for 1965 wheat is set at $1.25 per bushel, dovm 5 cents from the 1964 rate. Little change is ex­pected in other programs except for the Soil Bank Program under >vhich the phasing out of contracts will result in a further reduction of payments. With total cash receipts from farm marketings pointing dmmward next year and Government payments pointing upvrard, realized gross farm income vrill likely be very close to the prospective 19611- record. high level of $1~1.9 billion.

Farm production expenses may aeain shmv a smaller-than-average increase in 1965, as in 1964. Prices paid by farmers for goods and services next year \•rill probably rise more than from 1963 to lg61~. The farm bill for current operating expenses may rise slightly as outlays for purchased feed and livestock increase. But this may be offset some by a drop in the use of hired labor. Overhead costs, however, such as depreciation charges, taxes, and interest ivill likely shovr another increase next yea:.c.

\'lith little chan~:;e in prospect next year for realized gross farm income and With only a slight increase probable in farm production expenses, realized net farm income in 1965 probably vrill be very close to the 1964 level. This vlOuld be the fifth consecutive year that aggregate realized net farm income is around the $12.5 billion level. Also, this forecast indicates that average net income realized per farm "\'lOuld be maintained. at record high levels, due to a continua­tion of the decline in farm numbers. The disposable personal income per capita of the farm population may rise slic;htly next year, because of continued economic expansion 8nd a further reduction in income tax rates scheduled for 1965 in the Revenue Act of 1964. The farm population is expected to be smaller next year, continuing a long-time downward trend.

FIS-19() - 6 -

CURREl'!T ESTD1ATES

January-September 1964

Throuch September this year, cash receipts from farm marl~etings totaled ~~2l1 .• 5 billion, about $100 million less than in Jonuary-september 1963. Hovr­cver, Government payments to farmers were estimated about $-~ billion more than a year earlier through September resu~ting in a total flow of cash receipts from farming well above that of last year.

Prices received by farmers in the first 9 months of this year were dmm about 2t percent from a year earlier, but most of this price drop vtas offset by an increase in the volume of farm marketings. Livestock and livestock product marketings vTere estimated. about 4 percent above a year earlier, vthile crop marketings v1ere up almost 2 percent. The index of prices received for livestock products through September was running about 5 percent below a year earlier, and crop prices shmved. little change.

Receipts from marketings of livestock and livestock products during January­September this year totaled about $1L~.5 billion, dmm less than $100 million from the same period of 1963. Cattle prices 1·rere off about 10 percent from a year earlier, but most of this price drop was offset by a very large volume of farm marketings. Cattle prices have shmm some price strength since mid-year and this is likely to hold during the remainder of the year. Hog prices through September w·ere down some 3 percent from January-September 1963 -vrhile marketings were up slightly. Bowever, hog prices are expected to strengthen relative to a year earlier in coming months.

Receipts from marketings of dairy products shovred an increase-about $100 million-in the first 9 months of this year compared 1vi th the same period last year. The volume of milk sold to plants and dealers -vras up about 2 percent and prices were also higher compared I·Ti th last year. Marketings of broilers vrere up about 5 percent in Jru1uary-September 1964, but prices were d.o>m almost as much as volume vras up. Prices received by farmers for eggs have been just about the same as in 1963 despite a 3 percent increase in the volume of market­ings. Receipts from the poultry and egg group were estimated about 2 percent higher than a year earlier.

Receipts from marketings of crops in the first 9 months of 1964 were estimated at $10 billion, dovm slightly from January-september 1963. Receipts from farm marketings of "l"lheat v1ere dovm about $300 million due to sharply lov;er prices for the 196!1- crop; however, aJ.most all of the drop in cash re­ceipts from farm marl~etings of wheat in 1964 vtill be made up by payments to participating producers under the 1964 Wheat Program. Receipts from farm marketings of corn 1vere running slightly higher than a year earlier due to a large carryover from the 1963 crop and slightly better prices than a year earlier through September. Receipts in total for feed crops were running just about the same as a year earlier; income supplementing payments under the Feed Grain Program, hrnvever, 1vill boost cash receipts to participating feed crop producers this year.

FIS-196 - 7 - NOVlliffiER 1964

Receipts from farm marketings of cotton through September were estimated a)lnost $200 million less than last year mainly due to a lag in ginnings, but also to a drop in price for the 196lJ- crop. The cotton crop for 1964 was estimated at 15,274 thousand bales as of October 1 with an indicated record. yield of 522 pounds per acre. Cotton producers will receive some supplementary income payments this year under the Domestic Allotment Choice Program.

Tobacco receipts through September 1964 were estimated close to 10 percent higher than a year earlier, due mainly to a large carryover volume of marketings from the 1963 crop. Receipts from marketings of oil-bearine crops were very close to a year earlier as soybean prices through September averaged about the same as in January-September 1963. Receipts from marketings of potatoes vrere up about $100 million d.ue to an almost 50 percent increase in average prices. Orange prices were also sharply above a year earlier--about 20 percent--result­ing in substantially higher receipts from this most important citrus crop in 1964. Higher prices this year for vegetables for fresh market accounted for a sizeable gain in cash receipts compared with January-September 1963.

Government payments to farmers reported through September this year vrere running about $!billion above the level of the first 9 months of 1963. Pay­ments to participants under the Hheat and Feed Grain Programs vrere running "\'Tell above last year 1 s rate. For the f'ull year 196l~, Government payments to farmers are expected to be around $2.2 billion compared with the $1.7 billion paid out in 1963.

Production expenses through the first 3 quarters of this year on a season­ally adjusted. annual rate basis vrere estimated. at about $29.5 billion, up slightly from the rate in the first 3 quarters of last year (table 1). The index of prices paid for production items, interest, taxes, and wage rates sho"l'red virtually no change from a year earlier. Prices paid for production items alone, hmvever, were running about 1 percent less than a :year earlier through September due mainly to lower purchased feed and livestock prices. Farm \vage rates \vere up about 3 percent, but the number of hired farm worl::.ers was down about 10 percent. Interest and tax rates, as usual, \·rere well above a year earlier.

On a seasonally adjusted annual rate basis, realized. r;ross farm income in the first 3 quarters of 1961~ \vas estimated. at a slightly higher rate than during JGnuary-Scptember 1963. 'l'he rise in the rate of farm production expenses just about offset the estime:tcd rise in the rate of gross income. As a result, realized net farm incor.lC in the first 3 quarters oi' 196L~ \'laS estimated at a rate of ~~ll2.4 billion, unchanged from the sn..11e period a year earlier.

VOLUHE OF 1'-ll\.HKETINGS IN 19()4

A nc1·1 record high will be established for the physical voltune of farm marketings durinc; calendar 19()1~ based on sales and conditions as of October 1. The ind.ex of' farm marketings in 1961~. is estimated at 117 percent of the 1957-59 annual average, about 2 percent above the previous high established in 1963 (!~able 2) .

- 8 - NOVEMBER 1964

Marketings of livestock and livestock products will reach a record high this year and. exceed 1963 by about 4 percent. Sharp increases are indicated for marketings of cattle and calves, and turkeys, moderate increases for broilers, eggs, and milk ,.,holes ale, but some dmmturn in marketings of sheep and la s.

Crop marketings in 1964 '-rill likely be some't'That small~r than in 1963 due mostly to smaller sales of corn, cotton, potatoes, and. citrus products. The indicated outturn of all 1964 crops is 3 percent less than a year earlier, but in many cases, particularly for feed crops and oil bearing crops, a good part of this year's production 't'Till not be reflected in marketinGS until next year. Because of the reduced crop prospects this fall, crop marketings next year may shovr a further slight decline even though average grm·ring conditions prevail in 1965.

CASH RECEIPI'S IN SEPI'EMBER AND OCTOBER 196i1.

Cash receipts from farm marketings in September 1964 were slightly below a year earlier as a 1.~ percent increase in livestock and product receipts was more than offset by a 5 percent d.ecline in crop receipts. Larger marketings of cattle a.nd calves accounted for most of the livestock increase, but larger marketings and higher prices for broilers also contributed substantially. On the crop side, lO't'Ter wheat prices and. smaller cotto~ and soybean marketings contributed most to the decline in September receipts and more than offset larger receipts for.potatoes, vegetables for fresh marketl and fruits. Total September receipts vTere *3. 5 billion in both 1963 and 1964. Receipts from livestock and products vrere about $1.8 billion, up slightly from 1963 and crop receipts totaled $1.7 billion this September, dovm slightly from a year earlier.

Placed tentatively at $!~.6 billion, October 196!~ cash receipts from farm marketings vrere about 2! percent below a year earlier. Receipts for livestock and. products at $2.0 billion vTere uncha."lged from October 1963, with larger receipts from dairy products a~d broilers offsetting smaller cattle receipts. Estimated at 4>2.6 billion, crop receipts were dovm about 4! percent. Larger receipts from potatoes, vegetables· for fresh market, and apples 't'lere more than offset by lower receipts for feed crops, cotton, and soybeans. For all co:r.unodi ties, the volume of marketings in October 1964 't'Tas unchanged from a year earlier a.nd prices averaged 2! percent louer.

Narrative and tables on the Income of Farm Operator Families by Value of Sales Class from 1959-63 start on page 18.

FIS-196 - 9 - NOVEMBER 1964

Table 2.--Index numbers of volume of farm marketings and bane consumption, by major subindexes, (1957 -59 = 100)

1940-64

Marketings Hane consumption Ma.rkl!tings and Food bane consumption

Live- Live- Live- : Markl!t- Nonfood Year stock stock stock : ings and market-

Crops Market- iy and gJ Total and Crops Total and : Crops : Total ings bane prod- prod- prod- : consump-ucts Y ucts ucts tion

1940 64 63 64 186 211 191 70 67 69 64 72 61 1941 67 64 65 180 213 187 72 68 71 67 74 58 1942 74 70 73 175 211 183 79 74 78 75 81 64 1943 82 69 77 178 205 l&;i 87 73 81 80 86 65 1944 85 75 81 177 201 183 89 78 86 84 90 69 1945 83 77 81 178 193 182 89 80 86 84 90 70 1946 82 76 79 181 196 185 87 78 84 83 89 64 1947 81 84 82 169 178 170 86 86 86 84 89 75 1948 76 86 80 159 168 161 81 88 84 81 86 78 1949 80 93 85 150 158 151 84 95 89 82 87 92

1950 82 85 83 143 149 145 85 86 87 83 87 82 1951 85 84 84 140 141 140 88 84 87 85 88 81 1952 86 89 88 135 129 133 89 90 90 88 91 85 1953 90 95 92 126 121 124 91 96 94 90 93 95 1954 93 92 93 121 117 121 94 92 94 91 94 93 1955 96 96 96 121 114 119 97 96 97 94 96 99 1956 .101 97 99 118 107 115 102 97 100 99 100 99 1957 99 88 94 108 99 106 99 89 95 97 97 87 1958 98 lo4 101 99 lo4 100 98 lo4 101 100 100 lo4 1959 103 108 105 93 97 94 103 107 lo4 103 103 109

1960 lo4 112 107 82 98 87 103 111 107 105 lo4 114 1961 108 110 109 75 94 81 107 110 108 109 107 110 1962 110 112 111 71 80 74 108 111 109 109 107 116 1963 113 118 115 63 82 69 111 117 113 112 110 124 1964 lY 117 116 117 61 79 67 115 115 115 116 114 119

Marketings by major canmodity groups

Lives ock Crops and products : Dairy : Poultry Co ton Fruits Meat Food Feed (lint Oil Vege- Sugar : prod- and Tobacco and Seeds animals grains crops and crops tables crops ; ucts eggs seed) nuts

1940 67 73 42 56 45 93 85 25 72 Be 84 65 1941 67 77 46 63 41 84 79 34 77 91 77 67 1942 76 82 55 75 45 91 80 47 84 87 88 71 1943 85 82 65 69 45 87 79 59 88 78 64 64 1944 89 83 68 80 46 100 96 48 90 88 64 64 1945 85 87 69 89 57 74 121 49 90 84 74 74 1946 84 85 66 84 52 65 120 48 98 97 82 83 1947 84 85 64 102 56 95 140 48 89 94 88 73 1948 77 82 63 105 52 113 112 61 95 92 71 71 1949 80 86 69 99 73 131 111 61 90 90 74 88

1950 81 86 74 83 69 89 118 64 91 90 92 115 1951 85 85 77 80 56 105 134 58 94 97 74 102 1952 87 86 79 100 58 115 126 63 89 94 74 lo4 1953 89 92 81 100 70 140 121 61 92 93 84 98 1954 93 93 85 94 76 114 128 58 92 94 95 99 1955 99 95 84 83 83 114 133 82 95 99 86 100 1956 lo4 98 92 92 85 112 124 81 98 100 87 111 1957 100 100 95 80 84 81 98 88 98 100 98 lo4 1958 97 100 100 114 110 98 99 110 99 94 96 99 1959 lo4 100 105 106 106 121 103 102 103 106 105 97

1960 105 102 105 117 122 112 109 110 lo4 99 105 99 1961 108 106 114 114 109 108 118 112 109 103 115 90 1962 110 107 113 102 111 115 126 125 110 106 117 90 1963 116 107 116 108 122 128 126 129 109 100 152 94 1964 lY 122 108 120 114 111 122 129 131 107 101 170 95

~ Includes the ''miscellaneous" group o:f livestock items in addition to groups shown separately below. 2 Includes the "miscellaneous" group of crop items in addition to groups shown separately below. ~ There are no nonfood items in the home consumption index.

Preliminary estimates as o:f October 1, 1964.

FIS-196 - 10 - NOVEMBER 1964

Table 3. --Cash receipts from farming, United. States y Source

June July August 1963 1964 1963 1964 1963 1964

:Mil.dol. Mil.dol. Mil.dol. Mil.dol. Mil.dol. MH.dol.

Total cash receipts ••••••••••• : 2,508 2,512 2,921 3,431

1/ Details may not add to totals because of rounding. 2/ Receipts from loans represent value of loans minus value of redemptions during the month.

Table 4.-- Index numbers of cash receipts from farm marketings and CCC loans, physical volume of farm marketings, and prices received by farmers, United States (1957-59=100)

Item

Cash receipts from farm mar­ketings and CCC loans: 1/ .••. : All commodities ••••••• 7 ..... :

Livestock and products •••• : Crops .••.•...•.•.••.•.••.• :

Physical volume of farm marketings: All commodities ••••••••••••• :

Livestock and products •••• : Crops .••.••••.•.••••.•.•.• :

Prices received by farmers: . . All commodities ••••••••••••• :

Livestock and products •••• : Crops .•••...••...•..•..••• :

June 1963 1964

93 98 86

95 107

78

100 93

109

93 99 85

101 114

84

96 e-r

108

July 1963 1964

107 105 109

108 109 J.o6

101 97

lo6

100 101

98

110 112 107

97 91

105

August 1963 1964 -

111 109 113

113 113 113

100 97

1o4

109 105 115

117 114 120

96 92

101

1/ Receipts from loans represent value of loans minus value of redemptions during the month.

FIS-196 - 11- NOVENBER 1964

Table 3. --Cash receipts from farming, United. States .Y --Continued

Source Sepcember January-September

Mil. dol. Mil. dol. Mil. dol. Mil. dol. Fa.rm marketings and :

CCC loans ~/ .•••.••.••••••• :_---=-3~5'-1_2 ___ _.;::;.3"-4_26 ____ 24-<.;;.5...:.7_2 ____ 24_._4,::._58 __

Livestock and. products ••... ____ 1~,7~o6~------~1~,~7~69r-------~14~,5~7~7~----~1~4~,~4796r-----Meat animals • • • . • . . . • • • • . 1,0C6 1,054 8,297 8,C64 Dairy products ••.••...•.. 384 388 3,634 3,728 Foul try and. eggs • • • • . • • • . 298 308 2, 3 77 2, 427 Other .•••.•••••••••••••.. __ __.,1--"9---'----"-18:__.. ____ 2-'-69"'--____ 2...:.7.!..7 __

Crops •.••••••••••••••••••.. __ l-''-=8-=o6,..... ____ 1_.,'-"7=1"""7 ___ __,9:--''-"9+9.;.5 ___ __,9,_.,'-"9'"="6..,.2 __ Food grains .. • .. .. .. • .. .. 278 233 2,off6 1, 719 Feed crops • .. .. .. • .. .. .. . 195 198 2,056 2,05!~ Cotton (lint and seed) • • . 312 235 953 726 Oil-bearing crops • • • • • • • . 222 200 829 820 Tobacco ......•........... ~ ~4 6% ~ Vegetables •.•••••.••••.•. 225 261+ 1,378 1,603 Fruits and tree nuts •.••. 153 176 1,151 1,282 Other .••••••.•••••.•••... ___ 1_4..:;5 _____ 14_8 ____ --"'9_o6 ____ ----"9;._8_o __

Government payments .•••••••.. __ ...::3=3,;_;,1 ____ __,:25:;_:7 ____ __,7_::.29"'--__ __;;:1:.<,.3:::..1:_,;.6 __

Total cash receipts 3,843 3,743 25,301 25,834

lf Details may not add to totals because of rounding. 2/ Receipts from loans repre­sent value of loans minus value of redemptions during the month.

Table 4.--Index numbers of cash receipts from farm marketings and. CCC loans, physical volume of farm marketings, and prices received. by farmers,

United States (1957-59=100)--Continued

Item

Gash receipts from farm mar­ketings and CCC loans: 1/ All commodities .•••••• : ••• :

Livestock and products •• : Crops ................... :

Physical volume of farm marketings: All commodities •••..•••••• :

Livestock and products •• : ~raps ................... :

Prices received by farmers: : All commodities •.•••••••.• :

Livestock and. products •. : Crops . , ................. :

September

131 111 158

131 115 151

100 97

104

130 115 150

133 122 149

98 95

102

January-September

102 105

97

102 110

91

100 96

lo6

101 105

96

105 115

92

98 91

107

)} Receipts from loans represent value of loans minus value of redemptions during the month.

FIS-196 - 12 - NOVEMBER 1964

Table 5.--Cash receipts from farm marketings, by States, June 1963-64

State and region

Maine •••. , ••..••••...••. , , ••. : New Hampshire ...••.•••••.•.•. : Vermont ••••.••...•..•. , .•. , •. : Massachusetts .•.•• , •.••.••••. : Rhode Island .•.••••..•• , ..... : Connecticut ...•.••..••.•..••• : New York •.•.•....••..•.•...•. : New Jersey .•••••••.••.••..•.• : Pennsylvania •.•••.•.•...••••• : North Atlantic Region ...••.•. ~ Ohio ••.••••...•••.•.•.•..••.. : Indiana ••••••.•••••.••.•..••• : Illinois .••••..••..•••••••••• : Michigan •.•.•..•••....••.••.. : Wisconsin • , •••..•.••••..•.••• : East North Central Region .•.• ; Minnesota ••.•.••.••.•.••..••. : Iowa .••••••••.•...•..••.•..•. : Missouri .••••...•...•.•...••• : North Dakota •.••••.•••..•.••. : South Dakota ••.•.•••••••••••• : Nebraska ..•••••.•..••••....•. : Kansas ..•.••••••••.•.•••..•.. : West North Central Region .... : Delaware ••• , .•.••••••••...•.• : Maryland ••••.•••••.•••.••...• : Virginia ••••••• , ••......•••.. : West Virginia .••••••••.•..••. : North Carolina •.•••...•..•... : South Carolina •.•••.•••••••.• : Georgia .•••.••••••.•••••••••• : Florida ••.••.•••.••.••••...•. : South Atlantic Region ...••••• : Kentucky •.••••• , • , ...•••• , ... : Tennessee .•••••••••••••••.•.. : A labaJllB. . • • . . • • . • • • • • • . • • . • . • • : Mississippi ..•..•..••.••..••. : Arkansas •..••••••.•.••....•.• : Louisiana •••.•.•.••.••.•.•..• : Oklahoma •••.•.•.••••.•••..••. : Texas •••••••••••••••.... , .••• : South Central Region .••••••.• : Montana ••.••..••.•..••..•...• : Idaho ••..••..••••.•••.. • • • • • ·: Y/yoming •••.••••. , ••••..••... , : Colorado •••..•••••..•.•.••••• : New Mexico •.•••.•••...•...... : Arizona ..•..•................ : Utah •..•.•••..•..••••.•..••.• : Nevada •••••••••••••.••••.•••• : v/ashington •••.....••...••..•. : Oregon .••.••. , •.••••.•...••.. : California ••..•••..•..•••••.. : Western Region ....•..••.•.•.. :

United States

Livestock and products :_..,.,.,,..,__:_cr"-'o-"p..:.s__,;z-r.-- ----;;-;v.:-,.,--'-T~o~ta..:..l.._,'="',----1963 1964 1963 1964 1963 1964

1,000 dol. 1,000 dol. 1,000 dol. 1,000 dol. 1,000 dol. 1,000 dol.

9,960 3,388 9,232 6,807

907 6,422

48,663 10,475 44,938

140,792 49,173 51,016 86,338 32,284 80,o67

298,878 79,686

150,817 52,900 15,134 38,167 61,031 48,226

445,961 6,956

15,818 21,096

5,8o4 26,535 8,722

35,901 17,842

138,674

23,922 22,386 28,221 24,360 23,916 11,977 27,929 82,986

245,697 7,437

14,365 6,027

36,1e33 7,832

18,347 7,805 1,191

15,907 13,650

108,579 237,573

1,507,575

10,250 3,363 9,261 6,887

930 7,083

50,571 10,151 45,607

144,103

50,055 50,263 86,683 34,011 81,582

302,591, 81,707

148,072 51,315 14,197 37,653 61,o65 47,592

441,601

7,895 16,296 21,642 5,888

27,467 8,903

37,246 18,407

143,744 23,328 22,234 28,568 24,081 24,461 11,854 26,536 82,671>

243,736 7,689

14,374 6,438

40,559 7,615

18,678 7,866 1,193

16,744 14,357

113,959 249,1>72

1,525,250

1;,032 631 808

3,539 286

3,302 11,152 15,623 12,243 51,616 21,350 18,500 84,623 20,164 8,433

153,070 18,526 22,415 50,268 16,520 5,536

11,885 84,427

209,577 2,851

10,766 6,493

659 17,549 15,595 18,853 22,o63 91•,829 6,550 6,096 8,005 5,716

17,015 5,485

68,082 59,685

176,634 6,743 5,763

437 5,546 6,005

31,991 1,896

161 23,226 20,175

196,952 298,895

984,621

12' 381!· 661 781

3,546 328

3,531 12,434 12,700 12,164

58,529 22,347 21,271; 69,964 23,375 9,o66

146,026 14,921 19,202 50,140 2,298 5,1;47

11,248 54,230

157,486 2,132 8,639 8,595

686 20,166 13,315 19,195 22,440 95,168 6,288 6,946

11,228 11,766 27,335 5,869

81,237 71,1,74

222,143 4,826 4,962

491 5,o63 4,086

35,410 1,790

158 22,187 22,648

188,584 290,205

969,557

13,992 4,019

10,040 10,346 1,193 9,724

59,815 26,098 57,181

192,1,08

70,523 69,516

170,961 52,448 88,500

451,948 98,212

173,232 103,168 31,654 43,703 72,916

132,653 655,538

9,807 26,584 27,589 6,463

44,084 24,317 54,751, 39,905

233,503 30,472 28,h82 36,226 30,076 40,931 17,462 96,011

142,671 ~·22,331

11;,180 20,128 6,464

41,979 13,837 50,338 9,701 1,352

39,133 33,825

305,531 536,1;68

2,1,92,196

22,634 4,024

10,042 10,433 1,258

10,614 63,005 22,851 57,771

202,632 72,402 71,537

156,647 57 ,3&5 90,648

448,620 96,628

167,274 101,455 16,495 43,100 72,313

101,822

599,087 10,027 24,935 30,237 6,574

47,633 22,218 56,441 40,847

238,912 29,616 29,180 39,796 35,847 51,796 17,723

107,773 154,148

465,879 12,515 19,336 6,929

1,5,622 11,701 54,088 9,656 1,351

38,931 37,005

302,5lf3 539,677

2,494,807

FIS-196 - 13 - NOVEMBER 1964

Table 6.--Qash receipts from farm marketings, by States, July 1963-64

State and region

~ine .. • • • • • • • • • · • • · · • · • • • • • • : New Hampshire •••••• • • • • • • · • • • : vennont .........•... • .... • . •. : Massachusetts .••.•••.•••••••• : Rhode Island ••••••••••••••••• :

' connecticut •••••••••••••••••• : New York .. •. • • • • • ·• • • • • • • • • • • : New Jersey .••••.• ,, •••••••• · • • : pennsylvania ••••••••••••••••• : North Atlantic Region .••••••• ~

Ohio ..•.••.•.• • . · . • • · • • • • • · · • : Indiana ..•..•...... • · ... •. • . • : Illinois ........... • • • .. • .... : Michigan • • • • • • • • • • • • • • • · • • • • • : Wisconsin ••••••••••••.••••••• :

East North Central Region •••• : Minnesota .••••...........•.•. : Iowa •.••.•• • .••••..•••.•..••• : Missouri .••.••...•• ~ •.•••...• : North Dakota ••••.•••••••••••• : South Dakota ••••••••••••••••• : Nebraska •.••••••••••••••••••• : :Ka.nsas ••••••••••••••••••••••• :

West North Central Region •••• : Delaware .••••••••.•....•...•. : Maryland .••••••..•••••.•••••• : Virginia •••• , •••••••••••••••• : \>lest Virginia •••••••••••• , ••• : North Carolina ••••••••••••••• : South Carolina ••••••••••••••• : Georgia .•.•••••.•..•••••.•.•• : Florida ...•.••.........•..... :

South Atlantic Region •••••••• : Kentucky' ••••.••••••••••••••••• : Tennessee •••••••••••••••••••• : Alaba.rna •••••••••••••••••••••• : Mississippi •••••••••••••• , ••• : Arka.nsas ..•.•••.•.••...•.•..• : Louisiana ••• , •.•. , •.••••••••• : Oklahoma ....•.•.•.••.•••...•• : Texas •••••••••.••••••••••••••• :

South Central Region ••••••••• : Montana ••••••••••••• • •••••••• : Idaho .•.••••.•.•.•..••..•••• ~ : \•lyoming • , , •••• ; • , •.••••• , , •.• : Colorado • , , •••.•• , • , •• , •• , ••• : Ne"' Mexico •..••••..•••..••... : Arizona ..•••.••.•.•.....•••.. : Utah ••••••••••••••••••••••••• : Nevada ••••••••••••••••••••••• : Haahingbon •.•••.•••• , •••••••• : Oregon ••••••••••••.•••••••••• : California •••• , ••••••• , •••••• : Hestern Regi : on ............... :

United States

Livestock and products: Crops Total 1963 1964 --;-:196="3---"'--;l;o;96Z'T4:--- --,-lr;J96:";3~-:--;-;196~4--

1,060 dol. I,ooo dol. I,ooo dol. 1,060 dol. 1,ooo dOl. 1,000 dol.

11,353 3,597 9,252 7,485 1,034 7,253

46,503 10,533 45,071

142,081 50,612 55,219 93,557 33,o48 77,879

310,315 8o,029

160,503 62,983 15,141 38,924 62,550 60,005

48o,l35 7,434

16,089 23,654 5,728

29,190 9,413

37,8o8 20,8o3

150,119 27,843 25,108 31,103 25,563 26,959 13,437 37,922 92,433

28o,368 8,o47

17,102 4,960

39,589 8,842

16,218 11,462 1,638

16,9o4 13,842

111,715 250,319

1,613,337

11,248 3,576 9,38o 7,469

996 7,400

47,450 10,286 45,391

143,196 49,401 53,161 89,023 33,587 77,750

302,922 8o,o62

152,589 60,003 14,194 36,167 59,550 54,809

457,374 8,009

16,158 23,225 5,635

29,109 9,234

39,o65 20,238

150,673 26,003 23,502 31,637 24,475 27,790 12,825 34,050 81,840

262,122 7,924

15,710 4,892

40,786 7,955

15,297 10,587 1,518

16,825' 13,156

110,983 245,633

1,561,920

3,844 576 636

3,648 412

2,447 22,395 19,459 27,033 8o,450 76,398 95,442

102,576 59,418 17,o40

350,874 20,158 30,562 22,724 17,121 11,699 59,678

113,457 275,399

3,341 13,209 14,611 1,527

18,307 18,443 34,308 14,872

ll8,618 5,929 8,294 6,597 2,675 9,750 2,710

20,604 67,008

123,567 9,628 5,887 1,034

16,733 4,397

11,233 3,591

359 26,528 27,964

194,929 302,283

1,251,191

6,316 570 621

4,202 466

2,742 20,884 20,798 23,523 8o,l22 51,872 68,784 92,903 58,731 17,994

290,284 18,678 25,977 18,211 13,203 12,934 48,885 97,117

235,005 3,929

11,143 20,379 1,544

18,407 9,131

21,672 14,471

100,676 6,28o 8,730 7,903 3,084 6,151 2,707

15,4,22 56,317

lo6,594 9,238 5,833 l,o49

17,529 3,285 9,431 3,876

312 26,217 30,311

201,739 308,820

1,121,501

15,197 4,173 9,888

11,133 1,446 9,700

68,898 29,992 72,1o4

222,531 127,010 150,661 196,133 92,466 94,919

661,189 100,187 19l,o65 85,707 32,262 50,623

122,228 173,462 755,534 10,775 29,298 38,265 7,255

47,497 27,856 72,116 35,675

268,737 33,772 33,402 37,700 28,238 36,709 16,147 58,526

159,441 403,935 17,675 22,989 5,994

56,322 13,239 27,451 15,053 1,997

43,432 41,8o6

3o6,644 552,602

2,864,528

17,564 4,146

10,001 ll,671 1,462

10,142 68,334 31,084 68,914

223,318 101,273 121,945 181,926 92,318 95,744

593,2o6 98,740

178,566 78,214 27,397 49,101

108,435 151,926 692,379 11,938 27,301 43,6o4 7,179

47,516 18,365 60,737 34,709

251,349 32,283 32,232 39,540 27,559 33,941 15,532 49,472

138,157 368,716 17,162 21,543 5,941

58,315 11,240 24,728 14,463 1,830

43,ol~2 43,467

312,722 554,453

2,683,421

FIS-196 - 14 - NOVF..MBER 1964

Table 7.--Cash receipts from farm marketings, by States, August 1963-64

State and region

Maine ••.•••••••••••• , •••• , •• , : New Hampshire , • , . , .•• , • , , , • , . : Vermont .•.••••.••.• , .•.••.•.• : 1-!assachusetts .•...•.•.... , ••• : Rhode Is land . , ..•.•.••....••. : Connecticut , , , , • , , .• , • , , . , , , • : New York ••..••..••••• , •. , , . , . : New Jersey • , , • , , • , .•••..••.•. : Pennsylvania ...•.••..••••..•. : North Atlantic Region •••••••. ~ Ohio .•. , .••••.•••..••••.••..• : Indiana •.•...••.•••••••... , •. : Illinois ..................... : Michigan ..•.•••••...•••••.••• : Wisconsin •.............•....• :

East North Central Region •.•• : Minnesota • , , . , , , ..•....••.•.• : Iowa •..•..••......•••........ : Missouri • , ••••••..•••.. , • , .•. : North Dakota •••••••••..••••.• : South Dakota ••.••.••.•...•.•• : Nebraska ..•.•••• , .•• , •••.••.. : Kansas ••••••••••••••••••••.•• :

Hest North Central Region .••• : Delaware .•.•••••••••••.•.•... : Maryland .••..•.••.•....••..•• : Virginia ••.••..•.••••.••••... : Ttlest Virginia ••.•..•.••••.•.• : North Carolina • , • , •..•.. , , .•. : South Carolina •••••.•.•.•••.. : Georgia ...•.••.• , .•.• , , .••• , . : Florida .•..•••••••.••.••••••. : South Atlantic Region ..•••... ~ Kentuc~; •• , , ..•.•.....•.••••. : Tennessee •••••••••••••••••••• : Alabama ..•••••••.••••.••.•.•. : Mississippi •••.•.•••...•••••• : Arkansas .•••••••••. , ••••••••• : Louisiana .•••••.•••••••.••••• : Oklahoma •.••••••••.••.•.••••• : Texas ••• , •••••••••••••••••••• :

South Central Region •.••••.•• : Montana •.••.•••.•••••••••..•• : Idaho .••••.••••.•..••.•..•••• : Hyoming ••••..••••••.••••••••• : Colorado ••••••••••••••••..••. : New Mexico •••••••••.••••••.•• : Arizona .•••••..•••.•••.••..•. : Utah ••.•••••••••.•••••..••..• : Nevada •••••••••••.•••.••.••.• : Hashington .••••.•••.....•••.• : Oregon ....•.•• , •••.•.••.••••• : California .••••••.••.•.•.•.•• :

Hestern Region ..••••..•.•.••• :

United States

Livestock and products :_..,..,.-r=-_:..Cr;,:_o;..;op..c.s-...,,..,.._- -~~.,..-....::T::::o~t=al:.......,~r.----1963 1964 1963 1964 1963 1964

1,000 dol. 1,000 dol. i,ooo dol. i,ooo dol. 1,000 dOl. 1,ooo dol.--

11,230 3,521 9,186 7,770 1,088 7,372

47,502 11,224 45,011

143,9o4 54,526 65,403 95,259 33,968 74, 71lf

323,870 83,407

175,626 62, 8olf 14,552 39,361 66,389 58,190

500,329 7,421

17,123 27,408 6,653

29,257 9,617

37,695 20,278

155,452 31,58!f 27,512 31,052 27,701 28,737 14,011 40,543 94,531

295,671 11,1r35 17,358 9,134

34,052 7,771

14,381 11,677 1,328

17,587 14,100

115,129

253,952

1,673,178

11,453 3,708 9,252 7,752 1,057 8,132

48,944 10,962 46,442

147,702 53,179 62,530 89,943 33,677 74,o43

313,372 81,909

166,692 59,348 13,331 36,720 62,422 53,469

473,891 7,6o4

18,027 26,901 6,379

28,786 9,337

39,253 20,323

156,610 29,077 25,695 30,562 27,167 29,059 13,124 35,077 81,572

271,333 10,382 15,730 8,436

36,835 6,671

13,236 10,821 1,178

16,981 13,746

113,462

247,478

1,610,386

3,752 992 742

5,965 779

3,312 28,457 23,108 19,405 e6,512 34,213 25,342 45,2o6 36,759 19,318

160,838 48,029 20,502 10,685 64,815 27,325 26,095 40,799

238,250 5,162 8,838 8,586 2,466

55,667 58,397

104,135 19,255

262,5o6 lf,379 5,701

15,965 5,383 3,961

17,791 11,685

120,267

185,132 30,944 25,113 2,557

18,628 3,926 5,099 3,541

584 71,383 38,553

162,532 362,1?60

).,.296,098

3,683 1,101

743 6,991

957 3,834

31,581 27,202 22,589 98,681

35,285 31,098 53,972 41,190 20,072

181,617 35,149 22,618 11,453 51,439 26,453 34,192 45,499

226,803 5,605 8,762 9,519 3,689

53,844 46,268

108,51?6 20,313

256,586 5,115 5,959

11,842 3,788 2,787

13,255 9,148

124,740 176,63h 22,096 23,231 3,478

23,367 3,756 4,241 2,841

!~85 63,778 35,141

191,696

374,110

1,314,431

14,982 4,513 9,928

13,735 1,e67

10,684 75,959 34,332 64,416

230,416 88,739 90,745

140,465 70,727 94,032

484,708 131,436 196,128 73,489 79,367 66,61?6 92,484 98,989

738,579 12,583 25,961 35,994 9,119

84,924 68,014

141,830 39,533

417,958 35,963 33,213 47,017 33,084 32,698 31,8o2 52,228

214,798 480,803 )~2,379 42,471 11,691 52,680 11,697 19,480 15,218 1,912

88,970 52,653

277,661 616,812

2,969,276

15,136 4,809 9,995

14,743 2,014

11,966 80;525 38,164 69,031

246,383 88,464 93,628

143,915 74,867 94,115

494,989 117,058 189,310 70,801 64,770 63,173 96,614 98,968

700,694 13,209 26,789 36,420 10,o68 82,630 55,605

147' 839 40,636

413,196 34,192 31,654 42,404 30,955 31,846 26,379 44,225

206,312 447,967 32,478 38,961 11,914 60,202 10,427 17,477 13,662 1,663

80,759 48,887

305,158

621,588

2, 924,817

FIS-:!..96 - 15 -

Table 8.--Caoh recei.pts from farm mar!{et1.ngs, by 3te.tes, September 1963-S4

State and region

Jl1ai.ne ••••• •. • • • • • • • • • • • • • • • • • . Ncv: Hampshire .• , •• , ••.•• , •• , , : vermont .....•......•......•.. : I~ansachusetts ••••••••••••••·•· Rhode Island ••• , • , , , . , • , , , , , , : Connecticut ••••••••••••••••••. New Yorlt •••. , •••.•• , ..•••••.•. Ne1tT Jersey .••........... , . , .•. Pennsylvania ,,,,,,,,,,,,,,, •• :

North Atlantic Hegion •.•••••• :

Ohlo .•••••.•.•••..••.•.•.••••. Indiana ••••••••••••••••••••••. Illinois • , ••••• , , •••• , .•.••.• : 1·1ichl.gan •• , , . , ••••.• , .• , • , .• , . 'ilisconsin , , • , , , , , • , , , , , , , , , . , . East North Central Region •••• ; Minnesota , •• , .• , , • , , , , , , . , , , , , Iowa .••.••••••••••••••••••.••. Missouri , , • , , • , • , •• , . , , , ••••.. North Dakota •• , ••••• , ••• , •• , • , South Dakota ,,,,,,,,, ,,,,,,,,. Nebraska •• , , •• , • , , , , , , , , , , , , •. Kansa:; •••• , , •••••••••••.•.•••. Hest North Central ~egion ,,,,:

Delavro.re • , , , • , •• , •••••••••.•.. Maryls.nd , , , , , , , •• , • , , , , , , , , , , : Virginia • , , , , , ••• , • , , , • , , , , , , : West Virginia , , , , , , , , , , , , , , , , . North Carolina,,,,,,,,,,,,,,,, South Carolina,,,,,,,,,,,,,,,, Georgia • , , , , , , , , , , , , , , , , , , , , , . Florida , , , •• , • , , , , • , ••• , , , • , , .

South Atlantic Region ,,,,,.,.:

Kentuck.y •• , , , • , •• , , •••••••••• : Tennessee , , , , , •••••••.•••••••. Alabama , , , • , , , , • , , .•••••••••. : l1i;;sissippi • , • , •. , .••••••••••. Arkansas , , , , , • , •••••.•••• , •••. Louisiana , • , , , , , • , ••••••••••• : Okla.h.orna ••• , ••••••.•. , ••••••• : Texas , , , , • , , , , .• , , , ••••••••••.

South Central Region •.••••••• : Mo::Jtana • , •• , , , , • , , , , •• , , , , • , , : Idaho , •• , , •• , , • , , • , , , , , , , , , , , : \-lyoming , , , , , , , , , , , , , , , , , , , , , , : Co1orarl.o , , , , , , , , , • , , , , , , , , , , , : lle\ol llexico , , , , , , , , , , , , , , , , , , , . Arizona , , , , , , , , , , , , , , , , , , , , , , : Utah , , , , , • , , , , , , , , , , , , , , , , , , , : Nevada , , , , , , , , , , , , , , , , , , , , , , , : Hashington , , , . , , , , , , , , , , , , , , , . Oregon , , , , , , , , • , , , , , , , , , , , , , , : California , , , , , , , , , , , , , , , , , , , : \>/estern Region , , , , , , , • , , , , , , , :

United States

Lives·~ock !l.nd products 1963 l;lbh

1, 000 cl.ol. l, 000 dol.

10, 8ilC1

3,64ir 9,326 7, S'l7 2.,072 "(,0.:.0

51,126 ).2, 043 47,00"(

1)0,655

50,396 57, ~~36 911,859 35,140 7~,940

312, Tf9

en, 992 1'(1,844

G5,5Ci2 18,21;2 39,023 71,543 56,901

c,701 1'(' 071~ 25,oG5 e,ll4

29,035 9, "(50

36,520 1?,6oJ.

153,020

31;' ')5'( 26,259 29,391 26,llt5 29,311 J3,673 34,970 94,119

290,625

22,774 16,639 20 464 4o; 922 9,89'7

12,822 12,830

3,135 18,154 17,195

118,837 293,869

1,7o6,355

11,076 3,626 9, o6l+ '(,668 1,038 7, 7f.:Y7

50,462 11,ooo 46,621r

1)0,353 52, SfJ2 60,474 99,953 36,158 7d,250

327,817 89, 41;.2

18-;;' 729 (.),~, 935 l.0,454 4u,954 75,264 56,177

)36' 025

7,513 18, 3CO 26,553 8,231

30,T(l 9,o90

39,521 20, !174

161,313

34,659 28,540 31,229 26,690 29,662 13,307 34,315 93,145

2')1,7';3

22,467 17,046 20,906 lr5, 778 9,094

12,615 12,544 2,942

17,934 17,177

122,796 301,359

1,768,620

Crops 19o3

1, 00C; dol.

2,952 1,206

902 7,403 1,131 4,196

)+3,894 16,830 21, "(27

100,241

38,143 45,012 80,Gl2 38,271 21,598

231,636 31,4!.;0 23,348 41,635 63,103 23, 506 21,662 ?6,777

251, 49"(

3,294 5,931

12,639 1,6)2

244,612 69,959 92,508 17,953

448,948 !,, 5&3

21,959 56,068 56,175 73,609 46,819 11,998

112,451 383,067

33,065 33,614 2,968

18,156 6,005 8,141 4,447

945 54,508 35,553

192,435 389,837

1,805,826

1964 1, 000 dol.

3,255 1,202

942 7,489 1,222 4,211

46,800 18,9114 25,533

109,598

38,514 43,059 74,869 42,088 24,293

222,823

2·.:1, 554 26,313 29,803 61,80() l9,1t22 25,222 2(: ,646

209,962

3,394 6,679

21,685 2,3d3

230,038 70,759 82,633 16,761

434,332

5,255 16,594 51,854· 52,150 48,567 39,104 11,956

106,386 331,866

23,283 32,951 2,603

21,549 4,596 5,536 4,372

737 63,261 36,742

213,137 408,767

1,717,348

'rotel.

1, oor; dol.

13,832 1+,850

10,228 15,320 2,203

11,836 95' ()20 28,8'{3 68,734

250,896

88,539 102,450 183,471. 73,411 96,544

544,1.:15

113,438 195,192 10"{,217 101, 31•5 62,529 93,225 83,758

756' 701+ :!.0,075 23,005 38,'(04

9,9UG 273,647 79,709

129,028 37, 83Lf

601,903

39,545 50,218 85,459 82,320

102,920 60,492 46,968

206,570 674,492

55,839 50,453 23,432 59,078 15,902 20,963 J.7' 277 4,o8o

72,662 52,748

311,272 683, "(06

3,512, l8l

1, (J(jQ <lol.

14,331 4,828

10,006 15,157 2,260

11,998 97,262 29,952 '(1r,157

?.59,951

91,496 103,533 nt~,e22 78,246

102, 5L+3 550,C4o

115' 996 213,042 96,780 eo,254 60,376

1'j0, ;;o6 79,025

745,98"(

10,907 25,039 1;.8' 238 10,614

260,809 bo, 61+9

122,154 3"(' 235

595,645

39,914 45,134 83,083 76,846 78,429 52,411 46 ,:?71

199,531 623,619

45,750 49,997 23,569 67,327 13,690 18,151 16,916

3,679 81,195 53,919

335,933 710,126

FIS-196 - 16 - NOVEMBER 1964

Ta"b1e 9. --C!l.Sh receipts from farm marketings, by States, January-September 1963-64

Sto.te and regi.on

l1aine ....•...•.........•.•.... New Hampshire ...•........••••. Vermont .•.......••....•....... 1-\assachusetts ..•••...•.••.•... Rhode I s1and ..•..••..•.•.•.•.. Connecticut ....•.....•.•..••.. New York ....•.•......•...••.•. Ne~r Jersey .•••...........•... : Pennsylvania ........•.•..•..• :

Livestock and products =·--=--r:--'C:.:rc::o&p=-s ~..,..,...-- ----,~.,..-...::T:.:o~t=al::......,~,---1963 1~: 1963 1964 1963 : 19£>4 =

1,000 dol. 1,000 dol. 1,000 dol. 1,000 dol. 1,000 dol. 1,000 dol.

96,741 32,286 82,966 69,755 9,109

66,1ro2 41r5,277 102,891 428,829

96,991 32,765 84,961 70,151 9,056

68,196 1f61,665 98,689

434,3811

53,455 8,133

10,547 ~.4,347 5,256

39,620 190,o65 107,382 156,6o6

77 ,o63 8,531

10,942 47,634 5,790

1ro,o44 203,150 114,121 160,349

150,196 1ro,1119 93,513

111r,102 14,365

lo6,022 635,31+2 210,273 585,435

174,054 41,296 95,903

117,785 14,846

108,240 661r,815 212,810 594,733

North Ai;lan tic Region ...•..•• : J, 331r, 256 1,356,858 466,381 507,657 820,959 310,353 758,821

615,411 29l,o4l.j. 343,1190 735,673 243,540 1o6,369

667,624

277,367 331~,239 692,859 263,408 114,670

1,949,667 752,682 853,562

1,566,929 547,216 843,821

2 ,o2lr,482

743,748 841,896

1,513,818 573,761 873,491

Ohio ..•.•.....•.......••.••••. Indiana ...........•....•..••. : Illinois ...•..•..•.•....•...•. Ni.chigan ..••...........••...•. Hisconsin ....•..•..•..•.••..•.

East North Central Region ...• : J'.1inncsota ....•.....•.••.•••.. : Iowa .•.•.•••...•.....•....... : Missouri .•..•...•.•...•..•.••. North Do.kota ...••............ : South Dakota ....•.•.....•..•. : Nebro.ska ......•......•..•..•• : Killlsa.s ..•..•..••..........•••. West Nort.h Cen.tral Region •.•. : Delaware ......•••.•..•••..•••. Maryland .•.•.•.•........••••.. Virginia ...••.•••.••.•.••.•.• : lies t Virginia ...•.••...•.••.• : North Carolina .•.......•••.•. : South Carolina .....•...•..•.• : Georgia ...••..•..•....••...•• : Florida ..•••..•.••••.•......• : South Atlillltic Region ..•••••. : Kentucky ....•••••..•••••.•••.. Tennessee •.•... , .•.•..•••. , .•. Alabama ...•....•..•.......... : Mississippi .•••••••........•.. Arkansas ...••.•.•...•.•....•.. Louisiana •..•.••....•.•••..•• : Oklohoma ...•..••.•••..•••••.• : Texas ..••••....••..•....•••..• South Central Region ..•.•.... : Montana ....•..••..•...••.•••• : Idaho ....•....•.••.•..•..•.••. v/yoming ..•...•.......•••..•... Colorado ...••••••••••.••.•.•.. Ne1~ J1Iexico .•...•••.•••.••..... Arizona .•••......•..••..••••• : Utah •..•.•.•...•••..••.•••.••. Nr,vada .........•.... ,· .••••••. : Hashington ....••.......••••... Oregon ....•...••.•.•..••••••.. California ...••..•.•.•....•••. :

vi estern Ree;ion •......• , ••••.• :

1161,638 510,072 831,256 303,676 737,452

2,8411 ,094 767,043

1,446,610 519,190 136,024 350,951 619,299 586,599

l1 ,425, 716

61,475 146,537 19lr ,202 52,566

256,958 83,753

336,175 175,276

l,3o6,942

226,996 204,483 259,274 217,977 220,700 119,786 285,658 845,714

2,380,588

94,~85 148,081 73,787

338,240 73,399

153,400 90,583 22,887

154,505 127,569

1,008,691 2,285,627

2,864,171 781,451

1,421,329 507,851 129,440 341,483 6o2,591r 560,700

4,344,81~8

65,990 11r9,915 191r,375 50,914

258,782 82,78lr

340,962 178,219

1,321,941 222,831 201,505 261,401 220,120 229,204 117,211 268,265 807 ,451r

2,327,991.

90,935 143,879 72,328

353,366 70,044

1117,830 86,754 21,217

151>,322 126,369

1,013,121

2,280,165

1,720,116 256,558 377' 796 204,136 331,368 114,735 308,183 436,423

2,029,199 22,207 66,378 81,241r 14,050

387,307 194,042 289,379 1r71, 716

1,526,323 120,741 87,575

113,898 139,853 175,311 114,231 186,912 787,766

1,726,287

145,607 143,878 12,594

120,447 43,430

179,496 22,408 5,092

268,788 165,911

1,269,994 2,377,645

1,682,543 265,735 383,643 189,730 229,801 116,047 278,672 329,225

1,792,853 22,616 59,935 95,562 16,425

381>,270 171,189 280,686 617,600

1,648,283

190,95El ,107,656 116 '7o6 155,923 140,659 123,836 194,618 717,044

1,7lr7 ,4oo

122,628 149,309 13,985

115,538 39,979

150,987 22,91r7 4,936

295,989 180,887

1,325,681 2,422,866

4,564,210 1,023,601 1,821+,4o6

723,326 lf67,392 465 ,6B6 927,482

1,023,022

6,454,915 83,682

212,915 275,4lf6 66,616

644,265 277,795 625,554 646,992

2,833,265

347,737 292,058 373,172 357,830 396,011 234,017 !r72,570

1,633,480 4,lo6,875

240,092 291,959 86,381

1<58,687 116,829 332,896 112,991 27,979

1r23 ,293 293,480

2,278,685 1r,663,272

4,546 '711+ 1,047,186 1,804,972

697,581 359,241 457,530 881,266 889,925

6,137,7Ul 88,6o6

209,850 289,937 67,339

643,052 253,973 621,6118 795,819

2,970,224

413,789 309,161 378,107 376,o1r3 369,863 241,047 462,883

1,524,498 4,075,391

213,563 293,188 86,313

468,901r 110,023 298,817 109,701 26,153

450,311 307,256

2,338,802 1r,703,03l

United States ..•..•...••...•. :14,577,223 J)r,495 ,974 9,9911,981 9, 961,569 24,572,204 24,457,543

FIS-196 - 17 - NOVEMBER 1964

CASH RECEIPTS FROM FARMING*

1959 1960 1961 1962 1963 *FROM FARM MARKETINGS AND GOVERNMENT PAYMENTS.

A INDICATED BY JANUARY-SEPTEMBER ESTIMATES.

1964 1965

U.S. DEPARTMENT OF AGRICUL lURE NEG. ERS 3269-64 I 10) ECONOMIC RESEARCH SERVICE

PRICES PAID BY FARMERS* %OF 1910-14

-

325

1-

300

-

275

1-

v-v-.. 1953

~ ~

%

_L ___._ L I I I

1955 1957 1959 1961 *FOR PRODUCTION ITEMS, INTEREST, TAXES, AND WAGE RATES.

Jl JANUARY -SEPTEMBER, 1964 AVERAGE·

1963

-

1::._

-

-

-

I.

1965

U, S, DEPARTMENT OF AGRICUL lURE NEG, ERS 3268-64 I 10) ECONOMIC RESEARCH SERVICE

FIS-196 - 18 -

INCOME OF FARM OPERATOR FAMILIES BY VALUE OF SALES CLASS

NOVEMBER 1964

Distributions of the number of farms and realized gross and net income of farm operators from farming according to value of sales classes for the years 1959-63 are shown for the first time in tables lD through 4D on pages 22-25 in this issue. Also shown for the first time (table 5D), by value of sales classes, are average per farm operator family of realized net income, income from off-farm sources and the total income from both sources combined. The estimates of income of farm operators from farming operations by value of sales classes are consistent with, and are breakdowns of, the farm income estimates regularly published in the July issue of the Farm Income Situation. Income from "off-farm" sources includes all income received by farm operators and family members from sources other than the farm operated.

Because of the great changes that have occurred in the overall structure of agriculture during the period since 'VJorld War II, a growing need has arisen for data which throw light on the changing size and income structure in agri­culture. The sharp rise in productivity in agriculture since World War II has been accompanied by a substantial drop in the total number of farms from almost 6 million in 1945 to 3.6 million in 1963. During the same period farm operators' realized net income per farm for all farms combined rose more than 60 percent.

The estimates reveal several aspects of the farm income situation that are not apparent from the aggregates and. averages for all farms combined. Tables lD, 2D, and 4D show that relatively few farms in the higher value of sales classes account for the bulk of cash receipts from farm marketings and realized net income. In 1963, for example, an estimated 1,587 thousand farms with sales of $5,000 or more accounted for $35.0 billion in cash receipts out of a total $38.6 billion for all farms combined. In relative terms, this group, comprising 44 percent of all farms, accounted for 91 percent of cash receipts in 1963. Moreover, this same group of farms accounted for 79 per­cent of total realized net income in that year. Table lD also shows that the relative number of farms with sales of $5,000 and over has been rising since 1959, with most of the increase occurring in the $10,000 to $19,999 sales category.

The per farm averages of cash receipts, realized gross income, and real­ized net income indicate the substantial differences in per farm incomes among the different sales groups (table 3D). In 1963, realized net income for the $20,000 and over sales group averaged $10,l8o per farm. This was more than 1-} times that of the next lower sales group and almost 3 times that of all farms combined.

From 1959 to 1963, average realized net income per farm for all classes combined rose 27 percent. This compares with increases of 15 percent for farms with sales of $20,000 and over; 11 percent for all farms with sales between $10,000 to $19,999 and between $5,000 and $9,999; 10 percent for farms with sales between $2,500 and $4,999; and 7 percent for farms with sales

FIS-196 - 19 - . NOVEMBER 1964

of less than $2,500. The percentage change for all farms combined is thus seen to be greater than that for each of the classes.

Underlying this apparent paradox are two major factors influencing the average for all farms combined; (1) the movement of farms from the lower to the top sales classes; and (2) the disappearance of farms in the lower sales classes either as a result of the complete cessation of farming activity or consolidation with other farms.

Thus, while the figures show that the realized net incomes per farm have improved for each of the classes since 1959, the heavier weight of the top sales classes in the overall average, resulting from the movement o~ farms into these classes, produced a relative change for all farms greater than those for each of the classes. The extent of the shift into the top sales class is shovm in table lD where the proportion of farms vrith sales of $10,000 and over is seen to have increased 36 percent, from 20.2 percent of all farms in 1959 to 27.4 percent in 1963.

A word of caution is also in order against the possible misinterpretation of the relative changes shown by the averages for each of the classes. For each year and for each class, the averages reflect the income experience of farmers remaining in a class and the net income result of farms shifting from one class to another. Therefore, during periods of generally rising incomes the increases registered by a specific class may understate the increases for any given group of farmers who were originally in that class.

Estimates of the total income position--off-farm income as well as farm income--of farm families in the various sales groups shown in table 5D reveal several significant aspects of the total income structure 1-1ithin agriculture. First, the average total income of $12,357 in 1963 for farm families in the $20,000 and over sales group compares rather favorably with average income of nonfarm families. By far the largest share of the total income of such fa.'!li­lies is earned from farming. Their inco:n.c from off-farm sources accounts, on the average, for less than $2 for every $10 of total income in 1963.

Second, as the scale of farming operations declines from the $20,000 and over level, the relative dependence upon off-farm sources of income increases. For example, in the second highest sales c;roup, farm operator fa:nilies derive $2 of every ~ilO of total income from off -farm sources; in the ~i5, 000 to $9,999 sales group, over $3 of every $10 is from off-farm sources; in the $2,500 to $4,999 almost $5 out of every $10 is from off-farm sources; and, finally, in the less than $2,500 group, a high of ~i7 .50 out of every $10 of total income is from off-farm sources.

Many fana-operator families in the less than $2,500 sales group consist of families 1vhose heads are primarily occupied in nonfarm pursuits or are semi-retired. The number of such families is relatively large 3-nd constitutes a rather stable proport).on of the total number of fann-operator familie3. Al­so within the $2,500 and under sales group, ho,1ever, are farm fru-:!ilies which ~ely primarily ort income from farming for their livelihood. Average total lncome of such families in 1963 \vas ~;1, 916, by far the lovrest of all groups.

FIS-196 - 20 -

rrhe number of' such farms has been declining ro.:pidly, fFJ.llinG by about 50 per­cent betvrcen 1959 and 1963.

In sur11nary, it appears that the restructuring of agriculture tovrard more of' the larQ;er units and the disappearance of smaller units continued Cl.uring 1959-63. In 1963, about 1.6 million farm fo.mil:Les 1·lith sales over $5,000, comprising l.1J~ percent of all farm families, accounted for 91 percent of cash receipts fror:1 mo.rkotings and 79 percent of realized net income. These families, because they proo.uce raost of the products sold, receive most of the benefits of farm progra.'Tls which help to maj_ntain their incomes. On the avcrae;e, such fami­lies derive more than three-fourths of their income from f'armj_ng.

Lmv production farms, or farms i·Tith sales of less than $5,000, on the other hand, comprised 56 percent of all farms and. accounted for only 9 percent of cash receipts and 21 percent of realized net income. The families associat­ed with these farms depend to a large and increasing extent on income from off-farm sources.

COMPARABILITY OF ESTIMATES Hrrii OTHER DATA, DEFINITION, COVEP.AGE ATTD EXPLANATION OF SOUHCES AJIID HETHODS

The data on the average combined j_ncome from farming operations and off­farm sources shown in table 5D are not directly comparable ·Hi th the Current Population Survey clata on money income of farm families published by the Bureau of the Census nor with the distributions of personal income of farm families by personal income classes published by the Office of Business Eco­nomics (OBE) of the u. s. Department of Commerce. rrhe lack of comparability results from the following major differences in definition, coverage, and sources:

Income Definition

The OBE personal income series includes the value of services of banks and other financial intermediaries rendered to farm operator families without charge and the value of change in farm inventories. The total income shown in table 5D, on the other hand, includes employee contributions for social insur­ance, which are not included i.n the personal income series. The Census Bureau definition of income excludes non-money income such as wages received in kind, the value of fuel and food produced on farms and the net rental value of owner occ1.1pied farm dwellings. All of these items are included in the total income shown in table 5D.

Coverage

The Bureau of the Census series refers to members of the farm population only. The series in this report and the personal income series of the OBE, on the other hand, refer to all farm operator families regardless of whether they live on a farm~ in town, or in the city.

FIS-196 - 21 - NOVEIIDER 1964

source of Data

The income data presented in the Census reports are based directly on an­nual field surveys of households. The OBE 's estimated distributions of per­sonal income are based on data from Federal individual tax returns supplement­ed by surveys of family income and adjusted to U. s. Department of Commerce national control totals of personal inccrne. Total income shown in table 5D consists of (1) distributions of the u. s. control totals of the regularly published series on income of farm operators from farming operations for each year. And (2) esttmated off-farm income obtained for the benchmark year, 1960 from the 1960 Sample Survey of Agriculture, adjusted to exclude items already included in income from farm operations such as share rent, and extrapolated to other years on the basis of year-to-year changes in selected component se­ries of the u. s. Department of Commerce estimates of personal income.

The estimated distributions by value of sales classes were developed by utilizing data from several sources. These included: (1) the 1949, 1954, and 1959 Censuses of Agriculture, which contained data showing trends in numbers of farms by value of sales classes; (2) the 1960 Sample Survey of Agriculture, con­taining distributions of sales and cash operating expenses by value of sales classes; (3) the 1955 Survey of Farmers' Expenditures, on which estimates of the rental value of farm dwellings by value of sales classes were based; and (4) earlier studies upon which distributions of value of home consumption were based. Data obtained from a single source and made available on a regular annual basis would provide more accurate and more soundly based estimates by value of sales classes. However, in the absence of such a source and in view of the growing in­terest in income estimates by value of sales classes, these estimates were de­veloped in the belief that reasonable approximations made from existing data sources would throw needed light on the question of the changing size and income structure in agriculture.

In general, the procedures employed for deriving the distributions of real­ized net income consisted of 4 main steps. First, year-to-year changes from 1959 in the number of farms were extrapolated on the basis of past trends for the various sales classes, as shown by the Censuses of Agriculture. These were ad­justed for underenumeration to the levels of the control totals, as estimated by the u. s. Department of Agriculture.

Second, per farm averages of cash receipts, non-money income, and production expenses for the benchmark year, 1960, were computed.

Third, the per farm averages for each of these items were multiplied by the extrapolated estimates of the number of farms for the years 1959, and 1961-63, Yielding first approximations of the totals for each value of sales class.

And, finally, the first approximations for each sales class were adjusted to the control totals of cash receipts, realized gross income, production expenses, and realized net income regularly estimated by the u. s. Department of Agriculture

. Estimated distributions of off-farm income were similarly derived on the bas1s of year-to-year changes in selected components of off-farm income for the Whole population contained in the estimates of personal income developed by the U • S. Department of Commerce.

Table :n.--Number o~ farms by value of sales classes, 1959-63 ~ H m I

--------------------------------------------------------------------------------------------------------------------~

Year

1959 :

1SX}O :

1961 : :

1962 : :

1963 :

1959 : :

1960 : :

1961 :

1962 :

1963 :

$20,000 and

over

325

341

354

370

384

7.9

8.6

9.3

10.0

10.7

$10,000 to

$19,999

503

526

549

571

594

12.3

13.3

14.4

15.5

16.6

$5,000 to

$9,999

693

669

647

628

609

16.9

16.9

17.0

17.0

17.0

Farms vlith sales

$2,500 to

$4,999 Total

Thousands

654 1,922

6o6 1,807

560 1,701

512 1,607

463 1,523

Percent Distribution

16.0 46.9

15.4 45.8

14.7 44.6

13.9 43.6

13.0 42.7

Less than $2,500

Part- . Part-time :retirement other

1,038 474 410

1,000 456 351

SX)o 437 304

929 426 252

903 418 202

25.3 ll.6 10.0

25.3 n.6 8.9

25.2 ll.4 8.0

25.2 11.6 6.8

25.3 ll. 7 5-7

All farms

4,097

3,949

3,8ll

3,688

3,573

100.0

100.0

100.0

100.0

100.0

~

I

1\) 1\)

~ 0

I !:0

~

'8, -/=:""

>,;!

Table 2I:. -Income and production expenses of farm operators from farming, 1-1 tJl

by value of sales classes, 1959-63 ]J I .... '8-.

Farms with sal.es ;

: Year : : : : : Less than $2, 500

$20,000 : $10,000 : $5,000 : $2,500 : All and : to : to : to : : Part- : Part-

: : over : $19,999 : $9,999 : $4,999 : Total : . . other . farms

time ;retirement · : : : : : Mil. dol. Mil. dol. Mil. dol. Mil. dol. Mil. dol. Mil. dol. Mil. dol. !>til. dol. Mil. dol.

Cash receiEts from farm marketi~s

1959 : 16,940 7,338 5,270 2,475 2,171 959 6o6 6o6 34,194 1950 : 17,690 7,644 5,o68 2,285 2,018 920 581 517 34,705 1951 : 18,962 8,245 5,o66 2,182 1,952 913 576 463 36,407 1962 : 20,173 8, 736 5,010 2,031 1,863 900 571 392 37,813 1963 : 21,030 9,113 4,871 1,842 1,755 877 563 315 38,611

Realized sross farm income

17,365 7,833 5,830 2,942 1,671 866 m

1959 : 3,509 972 37,479 1960 : 1:8_.140 8,169 5,612 2,722 3,291 1,614 936 741 37,934 1951 : 19,438 8, 797 5,595 2,587 3,169 1,589 922 658 39,586 1962 : 20,676 9,316 5,524 2,403 3,032 1,563 914 555 40,951 1963 : 21,563 9,727 5,378 2,181 2,888 1,536 9o6 446 41,737

: Production e~nses

1959 : 14,485 -5,027 3,491 1,547 1,650 8o8 5o8 334 26,200 1960 : 14,996 5,116 3,263 1,377 1,490 749 472 269 26,242 1961 : 15,719 5,398 3,190 1,286 1,420 727 457 236 27,013 1962 : 16,826 5,755 3,174 1,205 1,380 722 457 201 28,340 1963 : 17,654 6,040 3,106 1,099 1,320 7o6 452 162 29,219

: Realized net income

2,880 2,8o6 2,3~9 1,3~5 1,85:[ 863 464 532 11,279 1959 :

3,053 2,3 9 1,3 5 1,80 865 464 472 11,692 19(?0 : 3,144

2,405 1,301 1,749 862 465 422 12,573

i 1961 : 3,719 3,399 1962 3,,850 3,561 2,350 1,198 1,652 841 457 354 12,611

: 1,568 830 454 284 12,518 1963 3,909 3,687 2,272 l,o82 :

~ .... '8-.

1f All figures include government payments. -!>"

'"';:! Table 3t.--Income and production expenses per farm of farm operators H

Vl from farming by value of sales classes, 1959-63 ]) I

l--'

'8,

Farms with sales

Year : Less than ~2, 500 $20,000 : $10,000 : $5,000 : $2,500 : and : to : to : to : : : : : Pul

$19,999 $9,999 $4,999 Total Part- Part- other farms over : : : : : . . time : retirement: : : : : : . .

Dollars Dollars Dollars Dollars Dollars Dollars Dollar;; Dollars Dollars

Cash receiEts from farm marketin~s

1959 : 52,123 14,588 7,605 3,784 1,130 924 1,278 1,478 8,345 1960 : 51,877 14~532 7, 575 3, 771 1,117 920 1,274 1,473 8, 788 1961 : 53,565 15,018 7,830 3,896 1,148 951 1,318 1, 523 9,553 1962 : 54,522 15,299 7,978 3,967 1,159 969 1,340 1J556 10,253 1963 : 54,766 15,342 7,998 3,978 1,152 971 1,347 1,559 101 807

Realized ~ross farm income I

1959 : 53,431 15,573 8J413 4J498 1J826 1,610 2,051 2,112 9,147 1\) ..,.. 1960 : 53,196 15,530 8,389 4,492 1,821 1J614 2,053 2,111 91 606 1961 : 54J910 16,024 8,648 4,620 1,863 1,655 2,110 2,164 10J387 1962 : 55,881 16,315 8J 796 4,693 1,887 1,682 2,146 2,202 11,104 1963 : 56,154 16,375 8,831 4, 711 1,896 1J701 2Jl67 2,2013 11,682

Production e::s12enses

1959 : 44,569 9,994 5,038 2,365 858 778 1,072 815 6,394 1960 : 43,977 9,726 4,877 2,272 825 749 1J035 766 6,645 1961 : 44,4o4 9,832 4J930 2,296 835 757 1J046 776 7,088 1962 : 45,476 10,079 5,054 2J354 859 777 1,073 798 7,684 1963 : 45,974 10,168 5,100 2J374 867 782 1J08l 802 8,178

Realized net income

1959 : 8,862 5J579 3,375 2,133 968 832 979 1J297 2,753 1960 : 9,219 5,804 3,512 2,220 996 865 1,018 1,345 2,961 1961 : l0,5o6 6,192 3,718 2,324 1,028 898 1,064 1,388 3,299 :;;;: 1962 : 10,405 6,236 3, 742 2,339 1,028 905 1,073 1,404 3,420 0

ti3 1963 : 10,180 6,207 3,731 2,337 1,029 919 l,o86 1,4o6 3,504

I H

1./ All figures include government payments. '8--.:=-

"';!

Table 4D.--Percentage distribution: Income and production expenses H (!)

of farm operators from farming, by value of sales classes, 1959-63 I ...... '8. -- -- ------------- ----

Farms ,.n. th sales

Year . . . . . Less than ~.2,.500 $20,000 : $10,000 : $5,000 : $2,500 : . All and : to : to : to : . : : : : $19,999 : $9,999 : $4,999 Total · Part- Part- other . farms over : . . .

• time :retirement: . . Pet. Pet. Pet. Pet. Pet. Pet. Pet. Pet. Pet.

Cash receiEts from farm marketi~s

1959 : 49.6 21.4 15.4 7.2 6.4 2.8 1.8 1.8 100.0 1960 : 50.9 22.0 14.6 6.6 5.9 2.7 1.7 1.5 100.0 1961 : 52.1 22.6 13.9 6.0 5.4 2.5 1.6 1.3 100.0 I

1962 . 53.4 23.1 13.2 5.4 4.9 2.4 1.5 1.0 100.0 1\) . 1963 . 54.5 23.6 12.6 4.8 4.5 2.3 1.4 0.8 100.0 \J1 .

: Production expenses

1959 : 55.3 19.2 13.3 5.9 6.3 3.1 1.9 1.3 100.0 1960 : 57.1 19.5 12.4 5.3 5. 7 2.9 1.8 1.0 100.0 1961 : 58.2 20.0 11.8 4.7 5.3 2.7 1.7 0.9 100.0 1962 . 59.4 20.3 11.2 4.3 4.8 2.5 1.6 0.7 100.0 . 1963 . 60.5 20.7 10.6 3.8 4.4 2.4 1.5 0.5 100.0 . . .

~ized net income

1959 . 25.5 24.9 20.7 12.4 16.5 7.7 4.1 4.7 100.0 . 1960 : 26.9 26.1 20.1 11.5 15.4 7.4 4.0 4.0 100.0 Q 1961 : 29.5 27.0 19.1 10.4 14.0 6.9 3.7 3.4 100.0 t<:l

1962 : 30.5 28.3 18.6 9·5 13.1 6.7 3.6 2.8 100.0 i 1963 . 31.2 29.5 18.2 8.6 12.5 6.6 3.6 2.3 100.0 . ::0 ...... ~ .J::'"

FIS-196 - 26 - NOVEMBER 1964

Table 5D.--Income per farm operator family by major source and by value of sales classes, 1959-63

Realized Sales classes net

and year income 1:1

Dollars

Farms with Gales:

All farms 1959 2,753 1960 2,961 1961 3,299 1962 3, ~·20 1963 3,504

~20 2 000 and over 1959 8,862 1960 9,219 1961 l0,5o6 1962 10, !~05 1963 10,180

~10 2 000 to ~l2z222 1959 5, 579 1960 5,804 1961 6,192 1962 6,236 1963 6,207

~2 2 000 to ~2z222 1959 3,375 1960 3,512 1961 3,718 1962 3,742 1963 3,731

~2 2 200 to ~4z222 1959 2,133 1960 2,220 1961 2,324 1962 2,339 1963 2,337

Off-farm income

Dollars

2,073 2,231 2,294 2,3h9 2,431

1,920 2,076 2,116 2,132 2,177

1,326 l,h18 1,448 1,475 1,512

1,547 1,656 l,6gy l, 731 1,778

1,807 1,931 1,982 2,020 2,080

Total income including non-money

income from farm food a11d housing lf Dollars

4,826 5,192 5,593 5,769 5,935

10,782 11,295 12,622 12,537 12,357

6,905 7,222 7,640 7,711 7,719

4,922 5,168 5,415 5,473 5,509

3,940 4,151 4,306 4,359 4,417

Continued -

- 27 - NOVEMBER 1964

Tab]R 5D. --Income per :far:rn operator fam:i.ly by ma.j or r.miree a.nd. by vaJ.ue o:f fl8.lf~r, ~T<:~.sses, 1959-63 (Continued)

Sales classes and year

Farms with sales:

Less than $2, 500 1959 1960 1961 1962 1963

Part-time 1959 1960 1961 1962 1963

Part-retirement 1959 1960 1961 1962 1963

Realized net

income ll

Dollars

968 996

1,028 1,028 1,029

832 865 898 905 919

CJ79 1,018 1,064 1,073 1,086

1,2']7 1,345 1,388 1,404 1,406

1/ Includes government payments.

Ot'f-farm income

Dollars

2,574 2,810 2,934 3,057 3,222

3,900 4,137 4,224 4,315 4,450

1,523 1,695 1,805 1,831 1,880

434 479 484 488 510

Total income including non-money

income from farm food and

housing Dollars

3,542 3,806 3,962 4,085 4,251

4,732 5,002 5,122 5,220 5,369

2,502 2,713 2,869 2,904 2,966

1,731 1,824 1,872 1,892 1,916

1/

U.s. Department of Agrleultare Washington, D. C. 20250.

OFPICL\L BtJBINB8S

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FIS-lg6 - The Farm Income Situation

P<ln"AGB AND PEF.S PAID U.S. Department of Agriculture

The Farm Income Situation is published in February, April, July, and November.

The next issue is scheduled for release in February, 1965.