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Download Agriculture Fact Book 1998 (Agriculture Factbook, 1998) by US Department of Agriculture PDF

By US Department of Agriculture

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Additional resources for Agriculture Fact Book 1998 (Agriculture Factbook, 1998)

Sample text

Most operators of larger farms reported farming as their major occupation, and their households were more likely to depend on farm income. In 1996, slightly more than a quarter of farm households operated commercial-size farms with sales of more than $50,000. S. farm production. However, even in households with the largest farms (sales of at least $500,000), off-farm income averaged $34,950 per household. Average household income and dependence on off-farm income also vary among types of farm households.

4Excludes value of CCC crop loans. Source: USDA, Economic Research Service, Resource Economics Division. ■ Net Value-Added, Net Farm Income, and Net Cash Income et value-added and net farm income reached record levels in 1996, rising substantially from 1995. 5 billion greater than its previous high in 1994. Net value-added represents the total value of the farm sector’s output of goods and services (less payments to other, nonfarm, sectors of the economy) and production agriculture’s addition to national output.

3Through 1970, total amounts are for Soil Bank Programs, which was discontinued in 1971. Starting with 1971, amounts include all other programs. 4Less than $500,000. 5Commodity specific payments in 1996 reflect final deficiency payments due farmers under previous law, as well as repayments by farmers of unearned deficiency payments disbursed in advance of final determination. Production flexibility payments under the 1996 Farm Act are included in the miscellaneous category. Source: USDA, Economic Research Service, Resource Economics Division.

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