Economic Indicators of the Farm Sector, Farm Sector Review, 1980

摘要

The food and fiber system accounted for 20 percent of total U.S. business activity in 1980 and nearly 24 percent of total U.S. employment. Farmers' net cash income of $32.6 billion in 1980 declined 15.2 percent from 1979. Net farm income dropped 39 percent. Mainly due to drought conditions, productivity decreased 3 percent from its 1979 record high. Farm output, which increased 28 percent from 1970 to 1979, dipped 5 percent in 1980. Savings, an important factor in increasing farm capacity output and productivity, continued at a high level--totaling 31 percent of gross cash inflows and 44 percent of net cash income.