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Farm Sector Output, Gross Value Added, and Net Value Added.

Bureau of Economic Analysis
Table 7.3.5. Farm Sector Output, Gross Value Added, and Net Value Added
[Billions of dollars]
Last Revised on: August 03, 2016

Line                                     2008   2009   2010   2011

 1    Farm output                       336.1  301.2  328.2  387.0
 2     Cash receipts from
       farm marketings                  318.9  289.8  322.2  369.1
 3      Crops                           177.3  169.5  180.6  203.2
 4      Livestock                       141.6  120.3  141.6  165.9
 5     Farm products consumed
       on farms                           0.4    0.4    0.4    0.4
 6     Other farm income                 14.7   12.7   12.5   15.0
 7     Change in farm finished
       goods inventories                  2.1   -1.7   -6.8    2.5
 8      Crops                             3.7   -1.0   -5.9    4.1
 9      Livestock                        -1.6   -0.7   -0.9   -1.6
10    Less: Intermediate goods
      and services consumed             209.8  191.4  198.5  220.7
11     Other than rent                  200.2  182.1  186.3  208.3
12      Intermediate goods and
        services purchased,
        other than rent                 199.7  182.2  185.8  208.0
13      Less: Change in farm
        materials and supplies
        inventories                      -0.5    0.1   -0.5   -0.4
14     Rent paid to nonoperator
       landlords                          9.5    9.3   12.2   12.4
15    Equals: Gross farm
      value added                       126.3  109.8  129.7  166.2
16    Less: Consumption of
      fixed capital                      32.9   34.2   35.0   35.1
17    Equals: Net farm value added       93.5   75.6   94.7  131.2
18     Compensation of employees         25.7   25.6   24.2   22.8
19      Wages and salaries               21.8   21.8   20.8   19.9
20      Supplements to
        wages and salaries                4.0    3.8    3.4    2.9
21     Taxes on production and imports    6.7    6.7    6.9    7.3
22     Less: Subsidies to operators      10.3   10.4   10.5    8.8
23     Net operating surplus             71.4   53.7   74.2  109.9
24      Net interest                     10.5   10.9   10.5   10.0
25      Current transfer payments         1.3    0.4    1.2   -1.0
26      Proprietors' income and
        corporate profits with
        inventory valuation and
        capital consumption
        adjustments                      59.6   42.4   62.5  100.9
27       Proprietors' income             47.0   35.5   46.0   75.5
28       Corporate profits               12.7    6.9   16.5   25.4
      Addendum:
29     Change in farm inventories (1)     1.6   -1.6   -7.3    2.1

Line                                     2012   2013   2014   2015

 1    Farm output                       400.9  432.9  437.4  392.5
 2     Cash receipts from
       farm marketings                  404.7  406.3  424.9  380.4
 3      Crops                           234.0  222.9  211.8  193.8
 4      Livestock                       170.7  183.5  213.1  186.6
 5     Farm products consumed
       on farms                           0.4    0.5    0.6    0.6
 6     Other farm income                 14.9   15.5   14.6   14.0
 7     Change in farm finished
       goods inventories                -19.1   10.6   -2.7   -2.5
 8      Crops                           -17.6   12.6   -4.9   -6.5
 9      Livestock                        -1.5   -2.0    2.2    4.0
10    Less: Intermediate goods
      and services consumed             249.4  246.0  271.2  255.7
11     Other than rent                  232.1  225.8  250.5  235.4
12      Intermediate goods and
        services purchased,
        other than rent                 231.7  225.4  250.0  235.8
13      Less: Change in farm
        materials and supplies
        inventories                      -0.4   -0.4   -0.5    0.5
14     Rent paid to nonoperator
       landlords                         17.3   20.1   20.7   20.3
15    Equals: Gross farm
      value added                       151.5  187.0  166.2  136.7
16    Less: Consumption of
      fixed capital                      37.8   41.4   45.6   48.9
17    Equals: Net farm value added      113.7  145.6  120.7   87.8
18     Compensation of employees         27.6   28.0   28.4   29.6
19      Wages and salaries               24.1   24.4   24.8   26.2
20      Supplements to
        wages and salaries                3.5    3.6    3.6    3.4
21     Taxes on production and imports    7.5    7.8    9.3   10.1
22     Less: Subsidies to operators       8.9    9.1    8.0    8.9
23     Net operating surplus             87.5  118.9   91.0   57.0
24      Net interest                     10.8    8.9    9.2   11.7
25      Current transfer payments        -6.7    1.4   -0.9   -0.2
26      Proprietors' income and
        corporate profits with
        inventory valuation and
        capital consumption
        adjustments                      83.4  108.5   82.6   45.5
27       Proprietors' income             61.6   87.8   68.5   39.9
28       Corporate profits               21.9   20.8   14.1    5.6
      Addendum:
29     Change in farm inventories (1)   -19.5   10.2   -3.2   -2.0

Legend / Footnotes:
(1.) Beginning with 1991, includes change in farm materials and
supplies inventories.
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Publication:Survey of Current Business
Date:Aug 1, 2016
Words:813
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