 Economic Indicators of the Farm Sector, National Financial Summary, 1990Agriculture and Rural Economy Division, Economic Research Service No 349231, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service Abstract: Net farm income rose 1.5 percent in 1990 to $50.8 billion, while net cash income increased 4.0 percent to $61.8 billion. Both income concepts reflect cash income minus expenses. But, unlike net cash income, net farm income takes into account noncash items, such as the value of change in inventories. Farmers expanded inventories by more than $3 billion for the second consecutive year after drawing down inventories for 3 consecutive years when they sold crop inventories at high market prices to raise net cash income. Direct Government payments fell 14.6 percent to continue a downward trend since the 1987 peak of $16.7 billion, when it was 80 percent above the 1990 level. Production expenses rose 2.9 percent. Equity in farm assets rose again in 1990, as farm debt declined for the sixth consecutive year and the value of farm assets rose for the fourth consecutive year. Keywords: Agricultural and Food Policy; Agricultural Finance; Crop Production/Industries; Farm Management; Financial Economics; Labor and Human Capital; Land Economics/Use; Livestock Production/Industries; Production Economics (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:349231 Access Statistics for this paper More papers in Miscellaneous Publications from United States Department of Agriculture, Economic Research Service Contact information at EDIRC. |
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