Economic Indicators of the Farm Sector: Farm Sector Review, 1987

摘要

Farmers' net cash income rose 11 percent to $57 billion and net farm income climbed 24 percent to $46 billion in 1987. Net cash income is gross cash income, such as cash receipts and direct Government payments, minus cash expenses, such as seed, feed, fertilizer, property taxes, and interest. Growth in farm income substantially exceeded the rate of inflation. Income from nonfarm sources remained important to many farm households, generating $47 billion in gross income, up 5 percent from 1986. Total farm debt was down 8 percent at the end of 1987. The value of farm assets rose for the first time in 5 years as farmland values stabilized or rose in most regions.