Printer Friendly

Relation of Net Farm Income in the National Income and Product Accounts to Net Farm Income as Published by the U.S. Department of Agriculture.

Bureau of Economic Analysis
Table 7.15. Relation of Net Farm Income in the National Income and
Product Accounts to Net Farm Income as Published by the U.S. Department
of Agriculture
[Billions of dollars]
Last Revised on: October 16, 2019

Line                                 2011    2012   2013   2014   2015

 1     Net farm income, USDA         113.6   96.5   123.8   92.1   81.4
       Plus:
 2       Depreciation and             18.5   34.2    37.7   50.4   41.6
         other consumption of
         farm capital, USDA
 3       Farm housing                  8.0    8.3     7.6    7.2    7.6
         expenses excluding
         depreciation
 4       Monetary interest             0.2    0.2     0.2    0.2    0.2
         received by farm
         corporations
 5       Valuation adjustment,         0.0    0.0     0.0    0.0    0.0
         Commodity Credit
         Corporation loans
 6       Change in farm materials      1.1    1.1     1.1    1.1    1.1
         and supplies inventories
       Less:
 7       Consumption of fixed         34.7   37.1    40.3   44.4   47.2
         capital, NIPAs
 8       Gross rental value of        16.2   17.9    17.2   16.3   17.1
         farm housing, USDA
 9       Patronage dividends           0.7    1.0     1.3    1.5    1.3
         received from
         cooperatives
10       Other (1)                     0.5    0.9     1.0    1.0    0.9
11       Statistical                   3.5    3.9     4.3    5.9    5.1
         differences (2)
12     Equals: Farm proprietors'      85.8   79.4   106.3   82.0   60.3
       income and corporate
       profits with inventory
       valuation and capital
       consumption adjustments
13       Proprietors' income          64.9   60.9    88.3   69.8   56.0
14       Corporate profits            20.9   18.5    18.0   12.2    4.3

Line                                  2016    2017   2018

 1     Net farm income, USDA          62.0   77.7   84.0
       Plus:
 2       Depreciation and             44.7   35.3   30.9
         other consumption of
         farm capital, USDA
 3       Farm housing                  7.4    8.0    8.1
         expenses excluding
         depreciation
 4       Monetary interest             0.2    0.2    0.2
         received by farm
         corporations
 5       Valuation adjustment,         0.0    0.0    0.0
         Commodity Credit
         Corporation loans
 6       Change in farm materials     -1.5    1.3    0.7
         and supplies inventories
       Less:
 7       Consumption of fixed         47.8   48.4   50.1
         capital, NIPAs
 8       Gross rental value of        16.7   18.1   18.7
         farm housing, USDA
 9       Patronage dividends           1.3    1.1    1.1
         received from
         cooperatives
10       Other (1)                     1.0    1.0    1.1
11       Statistical                   5.6    4.6   19.3
         differences (2)
12     Equals: Farm proprietors'      40.5   49.1   33.6
       income and corporate
       profits with inventory
       valuation and capital
       consumption adjustments
13       Proprietors' income          35.6   38.1   27.2
14       Corporate profits             4.9   11.0    6.3

Legend / Footnotes:
(1.) Consists largely of salaries paid to certain farm operators.
(2.) Statistical differences result from updates to the USDA farm
income estimates that have not yet been incorporated into the NIPAs and
conceptual differences not identified in Lines 2-10.
USDA U.S. Department of Agriculture
NIPAs National income and product accounts
COPYRIGHT 2019 U.S. Government Printing Office
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Survey of Current Business
Date:Dec 1, 2019
Words:512
Previous Article:Relation of Nonfarm Proprietors' Income in the National Income and Product Accounts to Corresponding Measures as Published by the Internal Revenue...
Next Article:Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts to Corresponding Measures as Published by the...

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters