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AGRICULTURAL FINANCE
DATABOOK
November 1977

Annual Series

Emanuel Melichar
Marian Sayre

Division of Research and Statistics
Board of Governors of the Federal Reserve System
Washington, D C. 20551




Not for general distribution. Inquiries should be addressed to the authors.

AGRICULTURAL F I N A N C E DATABOOK—ANNUAL S E R I E S

NOVEMBER

SECTION

1977

PAGE

100

OUTSTANDING

FARM DEBT

2

200

FARM LENDING O P E R A T I O N S AND EXPERIENCE OF NONBANK

300

AGRICULTURAL

400

INTEREST

BANKING DATA

(SEE

"QUARTERLY

INSTITUTIONS

25

S E R I E S " VOLUME)

RATES ON FARM DEBT

35
!

500

BALANCE SHEET AND A S S E T S OF THE FARMING SECTOR

38

600

FARM REAL

63

700

FLOW OF FUNDS ACCOUNTS

800

CAPITAL

EXPENDITURES,

900

INCOME,

EXPENSES,

1000

ADDENDUM

ESTATE

(INDEX

MARKET DEVELOPMENTS

79

CONSUMPTION,

AND N E T INVESTMENT

AND CASH FLOW

OF P R I C E S

PAID

89

106

BY FARMERS FOR FAMILY L I V I N G

ITEMS)....144

THE AGRICULTURAL F I N A N C E DATABOOK I S M A I N T A I N E D BY THE AUTHORS FOR T H E I R
USE I N A N A L Y S I S OF CURRENT DEVELOPMENTS I N AGRICULTURAL F I N A N C E .
I T PROVIDES A
CONVENIENT COMPILATION OF THE MAJOR F I N A N C I A L S E R I E S AND ACCOUNTS AND P R E S E N T S
MANY ANALYTICAL R A T I O S AND OTHER TRANSFORMATIONS OF THESE D A T A .
THESE MEASURES
ARE THUS ALWAYS AT HAND TO PROVIDE H I S T O R I C A L P E R S P E C T I V E AND ANALYTICAL I N S I G H T U S E F U L I N I N T E R P R E T I N G CURRENT DATA AND E V E N T S .
S P E C I A L DATABOOK FEATURES I N C L U D E :
BALANCE SHEET DATA I N 1 9 6 7 D O L L A R S ;
NET INVESTMENT AND C A P I T A L G A I N S I M P L I C I T I N BALANCE S H E E * DATA; A FLOW OF
FUNDS ACCOUNT BASED ON USDA BALANCE SHEET AND C A P I T A L E X P E N D I T U R E S AND C O N S U M P T I O N DATA ( S E C T I O N 7 1 0 , A NEW FEATURE I N T H I S E D I T I O N ) ; AND S E R I E S SHOWING FARM
CASH FLOW AND TOTAL FARM AND OFF-FARM INCOME I N BOTH CURRENT AND 1 9 6 7 D O L L A R S .
THE DATABOOK I S D E S I G N E D FOR ECONOMISTS F A M I L I A R WITH THE S E R I E S SHOWN;
OTHERS SHOULD CONSULT THE S O U R C E S AND OTHER LITERATURE C I T E D FOR INFORMATION ON
THE D E F I N I T I O N S , U S E S , AND L I M I T A T I O N S OF THE D A T A .
FOR SEVERAL S E C T I O N S , O R I G I N A T I N G A G E N C I E S P R O V I D E D MORE D E T A I L , AND THEIR COOPERATION I S MUCH A P P R E C I ATED.
THE AUTHORS WELCOME S U G G E S T I O N S AND CORRECTIONS FROM R E A D E R S .




AGRICULTURAL F I N A N C E OATABOOK—ANNUAL

100

OUTSTANDING

110

SERIES

NOVEMBER 1 9 7 7

FARM DEBT

TOTAL DEBT

111

JANUARY

111.1
111.2
111.3
111.4
111.5

120

130

1,

1910-0ATE

JANUARY

131.1
131.2
131.3
131.4
131.5
131.6
131.7

SOURCE:

6
7

( E X C E P T AS NOTED)

AMOUNTS
CHANGE DURING YEAR
PERCENTAGE CHANGE D U R I N G YEAR
PERCENTAGE D I S T R I B U T I O N
PERCENTAGE OF TOTAL DEBT I N C L U D I N G CCC L O A N S ,
PERCENTAGE OF TOTAL DEBT EXCLUDING CCC L O A N S ,

NON-REAL-ESTATE

131

YEAR
I N C L U D I N G CCC LOANS
EXCLUDING CCC LOANS

ESTATE DEBT

JANUARY

121.1
121.2
121.3
121.4
121.5
121.6

1940-DATE

AMOUNTS
CHANGE DURING YEAR
PERCENTAGE CHANGE DURING
PERCENTAGE D I S T R I B U T I O N ,
PERCENTAGE D I S T R I B U T I O N ,

REAL

121

1,

1,

1940-DATE
1940-DATE

16
17

DEBT

1940-DATE

AMOUNTS
CHANGE DURING YEAR
PERCENTAGE CHANGE D U R I N G
PERCENTAGE D I S T R I B U T I O N ,
PERCENTAGE D I S T R I B U T I O N ,
PERCENTAGE OF TOTAL DEBT
PERCENTAGE OF TOTAL DEBT

is
YEAR
INCLUDING
EXCLUDING
INCLUDING
EXCLUDING

CCC
CCC
CCC
CCC

LOANS
LOANS
LOANS
LOANS

21
22
23
24

AGRICULTURAL F I N A N C E S T A T I S T I C S . I N P U T S AND F I N A N C E I N THE FOOD AND
F I B E R S E C T O R , NATIONAL ECONOMIC A N A L Y S I S D I V I S I O N , ECONOMIC RESEARCH
S E R V I C E , U . S . DEPARTMENT OF A G R I C U L T U R E .




TABLE

111.1
OUTSTANDING
AMOUNTS I N
I
1
1
I
I
1

YEAR

DEBT I N C L U D I N G
CCC LOANS

TOTAL

CCC
LOANS

10036.
10470.
10469.
9901.
8873.
8343.
7906.
8413.
9238.
11370.

445.
629.
610.
773.
589.
683.
277.
65.
84.
1152.

.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.

1
.I
.|
.|
.I
.I
.1
.1
.1
.I
.1

1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.

.
.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.

.I
.|
.i
.|
.|
.1
.|
.|
.1
.I

12454.
13050.
14644,
16100.
16933.
17661.
18793.
19344.
20411.
23650.

172 1 .
812.
588.
1184.
2390.
2219.
1870.
1563.
1215.
247 3 .

I960....
1961....
1962....
1963....
1964....
1965....
1966....
1967....
1968....
1969....

.I
.|
.I
.I
.1
.I
.I
.I
.|
.|

24775.
26179.
28466.
31387.
34387.
36804.
40658.
44027.
47397.
50455.

1165.
1390.
1866.
2055.
1926.
1543.
1408.
1157.
1420.
2671.

1970
1971
1972
1973
1974
1975
1976
1977

1
.I
.1
.1
.|
.1
.I
.I
.|
1

53026.
54484.
59114.
65345.
74137.
81833.
90832.
102663.

2676.
1876.
2262.
1793.
750.
319.
358.
1012.

19
19
19
19
19
19
19
19
19

4
4
4
4
4
4
4
4
4

1
2
3
4
5
6
7
8
9

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.




1
1
1
I
1
1
1
1
I
1
1
1
I
I
1
I
1
I
1
|
I
I
1
1
I
1
1
11
I
I
I
|
I
I
I
I
I
I
1
I
|
I
I
I
I
1
1
r

FARM D E B T , JANUARY 1
MILLIONS OF DOLLARS
DEBT EXCLUDING

TOTAL

BANKS

CCC LOANS

LIFE
COOPERATIVE
INSURANCE
FARM
COMPANIES
CREDIT
SYSTEM

FARMERS
HOME
ADMINISTRATION

INDIVIDUALS
AND
OTHERS

9590.
9841.
9859.
9129.
8264.
7660.
7629.
8348.
9155.
10219.

1434.
1527.
1608.
1401.
1384.
1398.
1541.
1972.
2433.
2843.

3001.
2919.
2795.
2520.
2123.
1781.
1543.
1387.
1324.
1369.

984.
1016.
1063.
1043.
987.
938.
891.
889.
960.
103 6 .

450.
527.
602.
686.
695.
648.
597.
592.
568.
539.

3721.
3852.
3790.
3479.
3094.
2895.
3056.
3508.
3869.
4431.

10733.
12239.
14056.
14916.
14543.
15442.
16922.
17781.
19196.
21176.

2981.
3510.
4138.
4264.
3855.
4095.
4584.
4578.
4921.
5568.

1403.
1504.
1666.
1777.
1792.
1915.
2187.
2482.
2850.
3264.

1172.
1353.
1542.
1716.
1893.
2052.
2272.
2477.
2579.
2661.

548.
586.
595.
668.
728.
795.
818.
894.
976.
1014.

4628.
5286.
6116.
6490.
6276.
6584.
7062.
7352.
7870.
8669.

23610.
24790.
26600.
29332.
32461.
35260.
39249.
42871.
45976.
47785.

6342.
6583.
6957.
7850.
8789.
9407.
10284.
11303.
12332.
13053.

3786.
4107.
4542.
4973.
5513.
6089.
6959.
8087.
9258.
10087.

2820.
2975.
3162.
3391.
3781.
428 8.
4802.
5214.
5540.
5764.

1074.
1142.
1444.
1614.
1765.
1929.
2214.
2401.
2642.
2876.

9588.
9982.
10495.
11504.
12613.
13548.
14990.
15866.
162 0 5 .
16005.

50350.
52608.
56852.
63552.
73387.
81514.
90474.
101651.

13875.
14874.
16717.
19107.
22625.
24204.
26456.
30064.

11384.
12660.
14195.
15909.
19062.
23296.
27073.
31055.

5734.
5610.
5564.
5643.
5965.
6297.
6726.
7400.

3065.
3235.
3389.
3616.
3891.
4259.
5141.
5566.

16293.
16228.
16987.
19277.
21845.
23458.
25078.
27566.

TABLE

111.2
OUTSTANDING FARM DEBT
CHANGE DURING YEAR I N M I L L I O N S OF DOLLARS

i
i
YEAR
|
1
1
1
1
1940
|
1941
|
1942
I
1943
|
1944
|
1945
|
1946
|
1947
|
1948
|
1949
I
1
1950
|
1951
|
1952
|
1953
|
1954
|
1955
|
1956..... |
1957
|
1958
|
1959
|
1960
|
1961
|
1962
|
1963
|
1964
J
1965
|
1966
$
1967
j
1968.....I
1969
|

1971.....|
1972
|
1973
I
1974
|
1975
\
i97b
\
1




DEBT I N C L U D I N G
CCC LOANS

DEBT

LOANS

COOPERATIVE
LIFE
FARM
INSURANCE
COMPANIES
CREDIT
SYSTEM

FARMERS
HOME
ADMINISTRATION

INDIVIDUALS
AND
OTHERS

I

TOTAL

CCC
LOANS

435.
-1.
-56b.
-1028.
-530.
-437.
507.
625.
2132.
1064.

184.
-19.
163.
-183.
94.
-406.
-212.
19.
1068.
569.

1
1
I
I
1
1
1
I
1
1

251.
18.
-730.
-845.
-623.
-32.
719.
807.
1064.
514.

93.
81.
-207.
-17.
14.
143.
431.
461.
410.
137.

-82.
-124.
-275.
-396.
-343.
-238.
-156.
—63.
45.
34.

32.
47.
-20.
—56 .
-48.
-47.
-3.
71.
77.
136.

76.
76.
64.
9.
-47.
-51.
-5.
-24.
-29.
9.

131.
—61.
-312.
-384.
-199.
161.
452.
361.
561.
198.

596.
1594.
1456.
634.
728.
1132.
551.
1067.
3238.
1126.

-910.
-223.
596.
1206.
-171.
-34 9.
-30 6.
—34 6 .
1259.
-1308.

1
1
1
1
I
1
I
1
I
1

1506.
1817.
860.
-372.
898.
1481.
859.
1415.
1980.
2434.

530.
627.
127.
-410.
241.
48V.
—6 •
343.
647.
774.

101.
162.
111.
15.
123.
272.
295.
369.
413.
522.

180.
189.
174.
177.
159.
220.
205.
102.
62.
156.

38.
8.
73.
60.
67.
23.
75.
63.
37.
60.

657.
830.
375.
-214.
308.
478.
290.
516.
799.
919.

1404.
2267.
2921.
2999.
2*17.
3854.
3370.
3369.
3059.
2571.

225.
476.
189.
-129.
-38 3.
-135.
-252.
263.
1251.
5.

1
t
1
1
I
1
1
1
1
|

1179.
1810.
2732.
3128.
2800.
3989.
3621.
3106.
1808.
2566.

241.
373.
893.
939.
618.
878.
1019.
1029.
721.
622.

321.
435.
431.
540.
576.
670.
1128.
1170.
630.
1297.

155.
187.
229.
389.
507.
514.
412.
326.
224.
—3 0 .

69.
302.
170.
151.
164.
266.
186.
242.
234.
189.

394.
513.
1009.
1109.
935.
1442.
876.
339.
-200.
288.

145b.
4630.
6231.
6792.
769 5 .
9000.
11831.

-tiOO .
386.
-469.
-1043.
-432.
39.
654 .

1
I
I
1
1
I
1

2257.
4244.
6700.
9835.
8127.
8960.
11177.

999.
1843.
2390.
3516.
1579.
2252.
3608.

1276.
1534.
1714.
3153.
4234.
3778.
3962.

-124.
-46.
79.
32 2 .
333.
429.
674.

170.
154.
227.
275.
369.
882.
424.

-65.
759.
2290.
2568.
1613.
1621.
2488.

TOTAL

BANKS

EXCLUDING . CCC

TABLE

111.3

YEAR

OUTSTANDING FARM DEBT
PERCENTAGE CHANGE DURING YEAR
1
|
1
I
|
1

1
1
1940
|
1941
1942..... 1
1
1943
I
1944
I
1945
I
1946
|
1947
1
1948
1
1949
1
|
1950
1 9 5 1 . . . . . .1
.1
1952
,t
1953
1954
,1
. I
1955
. 1
1956
1 9 5 7 . . . . , .1
1 9 5 8 . . . . ,.|
1959....,. I
1
I960....,. I
1961....,. |
1 9 6 2 . . . . , .I
1963....,. I
1 9 6 4 . . . . , .1
1965.... . |
1 9 6 6 . . . . .1
1 9 6 7 . . . . .1
1 9 6 8 . . . . .1
1 9 6 9 . . . . .1
1
1 9 7 0 . . . . .1
1 9 7 1 . . . . .1
1 9 7 2 . . . . .1
1 9 7 3 . . . . .1
1 9 7 4 . . . . .1
1 9 7 5 . . . . .1
1 9 7 6 . . . . .1
1




DEBT EXCLUDING CCC LOANS

DEBT INCLUDING
CCC LOANS

TOTAL

CCC
LOANS
.

4.3
-0.0
-5.4
-10.4
-6.0
-5.2
6.4
9.6
23.1
9.5

41.4
-3.1
26.6
-23.7
15.9
-59.4
-76.6
28.8
1278.6
49.4

LIFE
COOPERATIVE
INSURANCE
FARM
COMPANIES
CREDIT
SYSTEM

FARMERS
HOME
ADMINISTRATION

INDIVIDUALS
AND
OTHERS

TOTAL

BANKS

2.6
0.2
-7.4
-9.3
-7.5
-0.4
9.4
9.7
11.6
5.0

6.5
5.3
-12.9
-1.2
1.0
10.2
28.0
23.4
16.8
4.8

-2.7
-4.3
-9.8
-15.7
-16.1
-13.4
-10.1
—4.6
3.4
2.5

3.3
4.6
-1.9
-5.4
-4.9
—5.0
-0.3
8.0
8.0
13.1

16.9
14.4
13.9
1.3
—6.8
-7.8
-0.9
-4.0
-5.1
1.7

3.5
—1.6
—8 . 2
-11.1
—6 . 4
5.6
14.8
10.3
14.5
4.5

J

4.8
12.2
9.9
5.2
4.3
6.4
2.9
5.5
15.9
4.8

-52.8
-27.5
101.3
101.9
—7 • 1
-15.7
-16.4
-22.3
103.6
-52.9

14.0
14.8
6.1
-2.5
6.2
9.6
5.1
8.0
10.3
11.5

17.8
17.9
3.1
-9.6
6.2
11.9
-0.1
7.5
13.2
13.9

7.2
10.8
6.7
0.8
6.8
14.2
13.5
14.9
14.5
16.0

15.4
14.0
11.3
10.3
8.4
10.7
9.0
4.1
3.2
5.9

6.9
1.4
12.3
9.0
9.3
2.9
9.2
9.3
3.8
5.9

14.2
15 . 7
6.1
-3.3
4.9
7.3
4.1
7.1
10.2
10.6

5.7
8.7
10.3
9.6
7.0
10.5
8.3
7.7
6.5
5.1

19.3
34.2
10.1
—6 . 3
-19.9
-8.7
-17.9
22.8
88.1
0.2

5.0
7.3
10.3
10.7
8.6
11.3
9.2
7.2
3.9
5.4

3.8
5.7
12.8
12.0
7.0
9.3
9.9
9.1
5.8
6.3

8.5
10.6
9.5
10.9
10.4
14.3
16.2
14.5
9.0
12.9

5.5
6.3
7.3
11.5
13.4
12.0
8.6
6.3
4.0
-0.5

6.4
26.4
11.7
9.4
9.3
14.8
8.4
10.1
8.9
6.6

4.1
5.1
9.6
9.6
7.4
10.6
5.8
2.1
-1.2
1.8

2.7
8.5
10.5
13.5
10.4
11.0
13.0

-29.9
20.6
-20.7
-58.2
-57.6
12.3
182.8

4.5
8.1
11.8
15.5
11.1
11.0
12.4

7.2
12.4
14.3
18.4
7.0
9.3
13.6

11.2
12.1
12.1
19.8
22.2
16.2
14.7

—2 . 2
—0. 8
1.4
5.7
5.6
6.8
10.0

5.6
4.8
6.7
7.6
9.5
20.7
8.3

-0.4
4.7
13.5
13.3
7.4
6.9
9.9

TABLE

111.4
OUTSTANDING FARM D E B T , JANUARY 1
PERCENTAGE OF TOTAL ( I N C L U D I N G CCC LOANS)

YEAR

1940....
1941....
1942....
1943....
1944....
1945....
1946....
1947....
1948....
1949....
1950.....
1951....
1952....,
1953....,
1954.....
1955....,
1956....,
1957....,
1956
1959.....
1960
1961....,
1962.....
1963
1964
1965.....
1967
1968
1969
1970
1972
1973
1974
1975
1976
1977

i
1
1
1
1
1
1
.1
.1
.1
.1
.1
.1
1
1
1
1
1
1
.1
.1
.1
.1
.1
.1
,1
,1
,1
1
>1
. 1
. 1
.1
,1
. I
•1
,1
. 1
. 1
1
. I
1
. 1
,1
. 1
1
1
,1
1




DEBT I N C L U D I N G
CCC LOANS

DEBT EXCLUDING , CCC LOANS
COOPERATIVE
LIFE
FARM
INSURANCE
CREDIT
COMPANIES
SYSTEM

FARMERS
HOME
ADMINISTRATION

INDIVIDUALS
AND
OTHERS

TOTAL

BANKS

TOTAL

CCC
LOANS

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

4.4
6.0
5.8
7.8
6.6
8.2
3.5
0.8
0.9
10.1

95.6
94.0
94.2
92.2
93.4
91.8
96.5
99.2
99.1
89.9

14.3
14.6
15.4
14.1
15.6
16.8
19.5
23.4
26.3
25.0

29.9
27.9
26.7
25.4
23.9
21.3
19.5
16.5
14.3
12.0

9.8
9.7
10.2
10.5
11.1
11.2
11.3
10.6
10.4
9.1

4.5
5.0
5.8
6.9
7.8
7.8
7.6
7.0
6.2
4.7

37.1
36.8
36.2
35.1
34.9
34.7
38.7
41.7
41.9
39.0

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

13.8
6.2
4.0
7.4
14.1
12.6
10.0
8.1
6.0
10.5

86.2
93.8
96.0
92.6
85.9
67.4
90.0
91.9
94.0
89.5

23.9
26.9
28.3
26.5
22.8
23.2
24.4
23.7
24.1
23.5

11.3
11.5
11.4
11.0
10.6
10.8
11.6
12.8
14.0
13.8

9.4
10.4
10.5
10.7
11.2
11.6
12.1
12.8
12.6
11.3

4.4
4.5
4.1
4.1
4.3
4.5
4.4
4.6
4.8
4.3

37.2
40.5
41.8
40.3
37.1
37.3
37.6
38.0
38.6
36.7

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

4.7
5.3
6 .6
6.5
5.6
4.2
3.5
2.6
3.0
5.3

95.3
94.7
93.4
93.5
94.4
95.8
96.5
97.4
97.0
94.7

25.6
25.1
24.4
25.0
25.6
25.6
25.3
25.7
26.0
25.9

15.3
15.7
16.0
15.8
16.0
16.5
17.1
18.4
19.5
20.0

11.4
11.4
11. 1
10.8
11.0
11.7
11.8
11.8
11.7
11.4

4.3
4.4
5.1
5.1
5.1
5.2
5.4
5.5
5.6
5.7

38.7
38.1
36.9
36.7
36.7
36.8
36.9
36.0
34.2
31.7

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

5.0
3.4
3.8
2.7
1.0
0.4
0.4
1 .0

95.0
96.6
96.2
97.3
99.0
99.6
99.6
99.0

26.2
27.3
28.3
29.2
30.5
29.6
29.1
29.3

21.5
23.2
24.0
24.3
25.7
28.5
29.8
30.2

10.6
10.3
9.4
6.6
8.0
7.7
7.4
7.2

5.8
5.9
5.7
5.5
5.2
5.2
5.7
5.4

30.7
29.8
28.7
29.5
29.5
28.7
27.6
26.9

TABLE

111.5
OUTSTANDING FARM DEBT EXCLUDING CCC LOANS, JANUARY
PERCENTAGE OF TOTAL (EXCLUDING CCC LOANS)

1
1
1
1
1
I
1940
I
1941
I
1942
I
1943
I
1944
I
1945
I
1946
1947
I
I
1948
.1
1949
1
I
1950
I
1951
,|
1952
1953...*. I
•1
1954
,I
1955
1 9 5 6 . . . . , .1
1957
.I
1 9 5 8 . . . . , .1
1 9 5 9 . . . . . ,I
i
I 9 6 0 . . . . , .I
1 9 6 1 . . . . . ,I
1 9 6 2 . . . . , >i
1 9 6 3 . . . . ..|
1 9 6 4 . . . . , .1
1 9 6 5 . . . . , .(
1 9 6 6 . . . . , .1
1 9 6 7 . . . . , .1
1 9 6 8 . . . . , .I
1 9 6 9 . . . . , .1
1
1 9 7 0 . . . * , ,I
1 9 7 1 . . . . . .1
1 9 7 2 . . . . .I
1 9 7 3 . . . . .I
1 9 7 4 . . . . .1
1975....,.|
1 9 7 6 . . . . .I
1 9 7 7 . . . . .I
1

YEAR

COOPERATIVE
LIFE
FARM
INSURANCE
CREDIT
COMPANIES
SYSTEM

FARMERS
HOME
ADMINISTRATION

1

INDIVIDUALS
AND
OTHERS

TOTAL

BANKS

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

15.0
15.5
16.3
15.3
16.7
18.3
20.2
23.6
26.6
27.6

31.3
29.7
28.3
27.6
25.6
23.2
20.2
16.6
14.5
13.4

10.3
10.3
10.8
11.4
11.9
12.2
11.7
10.6
10.5
10.1

4.7
5.4
6.1
7.5
8.4
6.5
7.8
7.1
6.2
5.3

38.8
39.1
38.4
38.1
37.4
37.8
40.1
42.0
42.3
43.4

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

27.8
28.7
29.4
28.6
26.5
26.5
27.1
25.7
25.6
26.3

13.1
12.3
11.9
11.9
12.3
12.4
12.9
14.0
14.8
15.4

10.9
11.1
11.0
11.5
13.0
13.3
13.4
13.9
13.4
12.6

5.1
4.8
4.2
4.5
5.0
5.2
4.8
5.0
5.1
4.8

43.1
43.2
43.5
43.5
43.2
42.6
41.7
41.3
41.0
40.9

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

26.9
26.6
26.2
26.8
27.1
26.7
26.2
26.4
26.8
27.3

16.0
16.6
17.1
17.0
17.0
17.3
17.7
18.9
20.1
21.1

11.9
12.0
11.9
11.6
11.6
12.2
12.2
12.2
12.0
12.1

4.5
4.6
5.4
5.5
5.4
5.5
5.6
5.6
5.7
6.0

40.6
40.3
39.5
39.2
38.9
38.4
38.2
37.0
35.2
33.5

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

27.6
28.3
29.4
30.1
30.8
29.7
29.2
29.6

22.6
24.1
25.0
25.0
26.0
28.6
29.9
30.6

11.4
10.7
9.8
8.9
8.1
7.7
7.4
7.3

6.1
6.1
6.0
5.7
5.3
5.2
5.7
5.5

32.4
30.8
29.9
30.3
29.8
28.8
27.7
27.1




7

TABLE:

121.1
O U T S T A N D I N G FARM REAL E S T A T E D E B T , J A N U A R Y
AMOUNTS I N M I L L I O N S UF DOLLARS

YEAR

1
1
1
t
1
1

TOTAL

|

1
i
|
1
1
1

COOPERATIVE
BANKS
TOTAL

FARM C R E D I T

FEDERAL
LAND
BANKS

SYSTEM

FEDERAL
FARM
MORTGAGE
CORPORATION

JOINTSTOCK
LAND
BANKS

1

1
FARMERS
LIFE
|
INSURANCE|
HUME
COMPANIES I A D M I N I S TRATION
1
1

1
I INDIVIDUALS
|
AND
I
OTHERS
1
1

406.
478.
580.
674.
724.

******
******
******
******
******

******
******
******
******
******

******
******
******
******
******

******
******
******
******
******

387.
423.
460.
550.
597.

******
******
******
******
******

2
2
2
3
3

4991.
5256.
5826.
6537 o
7137.

746.
776.
934.
1008.
1030.

******
******
******

******
******
******

******
******
******

41.
165.

39.
156 .

******
******
******
******
******

2.
8.

670.
766.
861.
956.
1018.

******
******
******
******
******

3575.
3715.
4031.
4532.
4924.

8449.
3 0221.
10702»
10786.
10665.

1204.
1447.
1540.
1506.
1388.

354.
428.
518.
858.
1190.

29
35
43
63
79

******
******
******
******
******

60.
78.
85.
219.
393.

975.
1206.
1432.
1556.
1792.

******
******
******
******
******

5916.
7140.
7212.
6865.
6294.

|
1
|
1
|

9913.
9713.
9658.
9757.
9757.

1200.
1178.
1144.
1097.
1047.

1370.
1544.
1701.
1815.
1839.

923.
999.
1069 *
1145 »
1183.

******
******
******
******
******

446.
546.
632.
670.
657.

1943.
2030.
2124.
2173.
2139.

******
******
******
******
******

5400.
4960.
4690.
4672.
4732.

997.
947.
940.
889.
711.

1840 »
1803»
1733.
1622.
1741.

1202 »
1197.
1181.
1147.
1258,

******
******
******
******
71.

638.
606.
552.
475.
412.

2118.
2087.
2037.
1898.
1696.

******

|

9631.
9398.
9094.
8466 .
7685.

4675.
4561.
4384.
4057.
3536.

1935
I
1936.....1
1937
|
1938
|
1 9 3 9 . . . |

7584.
7423.
7154.
6955.
6779.

499.
488.
488.
501.
519.

2841.
3108.
3152.
3084 *
2978.

1947.
2114.
2148.
2127.
2088.

617.
794.
641.
824.
774*

277.
201.
163.
134a
115.

1302.
1112.
1016.
989.
983.

******
******
******
******
10.

2943.
2715.
2499.
2381.
22 8 9 .

1940
|
1 9 4 1 . . . . . |
1942
|
1943
1
1944
|

6586 .
6494.
6376.
5956.
5396.

534.
543.
535.
477.
448.

2815.
2716*
2572.
2299.
1893.

2010.
1957.
1881.
1718.
1453.

713.*
685 T
635.
544.
430.

984.
1016.
1063.
3043.
967.

32.
66.
116.
159.
174.

2221.
2152.
2090.
1979.
1894.

1 9 1 0 . . . . . |
1911
!
1912
|
1913
I
1914
|

3208.
3522.
3930.
4348.
4707.

1915
I
1 9 1 6 . . . . . |
1 9 1 7 . . . . . |
1918
|
1919
|
1920
|
1921
I
1922
1 9 2 3 . , . . . I
1924
|

|

1925
1926
1927
1928
1929
1 9 3 0
1 9 3 1
1932
1 9 3 3
1934

. . , . . |
. . . , . !
. . . . )
. . . . . |

1




4.
0.
3.
9.
8.

92 a
73.
56.
37.
10.

******
**f:-3**
******
******

415.
621.
870.
124.
386.

TABLE

121.1

O U T S T A N D I N G FARM REAL E S T A T E D E B T , JANUARY
AMOUNTS I N M I L L I O N S OF DOLLARS
COOPERATIVE

I
I
I
I
I

YEAR

TOTAL

BANKS
TOTAL

FARM C R E D I T

FEDERAL
LAND
BANKS

J
t
194 5
I
1946
I
194 7
I
1 9 4 8 . . . . . I
194 9
I
I
195 0
I

195 1

196 0
196
196
196
196

1
2
3
4

I

197
197
197
197
197

0
1
2
3
4

197 5
197 6
197 7

1172.
1353.
1542.
1716.
1893.

202.

18.

0.
******
******
******
******

257.
291.
330.
352.

2308.
2526.
2786.
3030.
3216.

1267.
1480.
1722.
1897.
2065.

13.
******
******
******
******

******
******
******
******
******

2052.
2272.
2477.
2579.

378.
413.
463.
541.

608.

3374.
3572.
3862.
4050.
4349.

2335.
2539.
2803.
3024.
3282.

2335.
2539.
2803.
3024.
3282.

******
******
******
******
******

******
******
******
******
******

2820.
2975.
3162.
3391.
3781.

676 •
723.
948.
1058.
1171.

4728.
4992.
5345.
5824.
6433.

1285.
1497.
1663.
1844.
2054.

7218.
8040.
8516.
9135.
10165.

2280.
2835.
3013.

10953.
11378.
11927.
13437.
15915.

3215.
3369.
3688.

17408.
18728.
20266.

932.
986.
1017.
1069.
1092.

965.
991.
1027.
1095.
1187.

906.
947.
994.
1071.
1169.

1161.
1275.
1298.
1316.
1408.

1280.
1480.
1722.
1897.
2065.

1079.
977.
889.

868.

347.
239.
147.
107.
78.

5.
3.

2.

2661 .

I

12082.

I
I
I
I

12820.
13899.
15168.
16804.

1523.
1592.
1641.
1870.
2137.

18894.
21187.
2 3077.
25142.
27397.

2417.
2607.
2770.
3061.
3333.

3687.
4240.
4915.
5563.
6081.

3687.
4240.
4915.
5563.

******
******
******
******
******

******
******
******
******
******

4288.
4802.
5214.
5540.
5764.

29183.
30346.
32 2 08.
35758.
41253.

3545.
3772.
4218.
4792.
54 58.

6671.
7145.
7880.
9050.
10901.

6671.
7145.

9050.
10901.

******
******
******
******
******

******
******
******
******
******

5734.
5610.
5564.
5643.
5965.

46288.
51069.
56590.

5966.
6296.
6781.

13402.
15950.
16455.

13402.
15950.
18455.

******
******
******

******
******
******

6297.
6726.
7400.

i
196 5
196 6
196 7
196 8
196 9

59.
44.
33.
24.

5579.

8245.
9012.
9822.
10382.
11091.

I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I




J

1.
0.

1210.

6662.
7241.
7740.

1

1795.
1856.
2008.
2069.

1562.
1322.
1125.
997.
947.

1952 . . . . . I
195 3
I
195 4
I
I
195 5
I
195 6
I
195 7
I
195 8
I
195 9
I

I

196.
184.
192.
198.
197.

450.
507.
663.
841.
898.

6112.

-BAM5

1
(INDIVIDUALS
I
AND
I
OTHERS
I

938.
891.
889.
960.
1036.

4941.
4760.
4897.
5064.
5288.

I

JOINTSTOCK
LAND

I
I
I
LIFE
I
FARMERS
| INSURANCE|
HOME
I COMPANIES I A D M 1 N I S |
I
TRATION

SYSTEM

FEDERAL
FARM
MORTGAGE
f-flR POR AT ION

1

6081.

7880.

2440.

2618.

2211.

TABLE

10

121.2
O U T S T A N D I N G FARM REAL E S T A T E D E B T
CHANGE D U R I N G Y 3 A R I N M I L L I O N S OF DOLLARS
1

1
1
|

COOPERATIVE

FARM C R E D I T

SYSTEM

1
LIFE
|
FARMERS
INSURANCE|
HOME
COMPANIES | A D M I N I S TRATION
1

1
(INDIVIDUALS
1
AND
1
OTHERS
1
1

YEAR

|

191
191
191
191
191

1
1
1
1
|
|
|
|
|

314.
408.
418.
360.
283.

71.
103.
93.
50.
22.

******
******
******
******
******

******
******
******
******
******

******
******
******
******
******

******
******
******
******
******

1
1915
|
1 9 1 6 . . . . . |
191 7
|
191 8
|
191 9
|

36.
56.
71.
47.
73.

******
******
******
******
******

206.
249.
254.
262.
189.

266.
569 .
711.
601.
1311.

30.
158.
75.
22.
174.

******
******

******
******

******
******

41.
124.
189.

I
|
|
|
I
|

39.
117.
137.

******
******
******
******
******

2.
6.
52.

96.
96.
94.
63.
-43 .

******
******
******
******
******

140.
316.
501.
393.
992.

1772.
481.
83.
-121.
-752.

243.
93.
-34.
-118.
-188.

74.
90.
341.
332.
179.

56.
83.
207.
158.
125.

******
******
******
******
******

18.
7.
134.
174.
54.

231.
227.
124.
236.
150.

******
******
******
******
******

1224.
72.
-348.
-570.
-894.

-22.
-35.
-47.
-50.
-49.

175.
157.
114.
25.
0.

75.
70.
76.
38.
19.

******
******
******
******
******

99.
87.
37.
-13.
-19.

88.
93.
49.
-34.
-21.

******
******
******
******
******

-440.
-270.
-18.
59.
-56.

-31.
-50.
-138.
-201.
-396.

******
******
******
******
******

-114.
-177.
-327.
—521.
-593.

0
1
2
3
4

192 0
192 1
192 2
192 3
192 4

|

TOTAL

BANKS

1
1
1

TOTAL

FEDERAL
LAND
BANKS

FEDERAL
FARM
MORTGAGE
CORPORATION

JOINTSTOCK
LAND
BANK S

192
192
192
192
192

5
6
7
8
9

|
|
|
|
|

-199.
-55 .
99.
-0.
-126.

193
193
193
193
193

0
1
2
3
4

I
|
|
|
|
|

-233
-304
-628
-781
-101

.
.
.
.
.

-51.
-7.
-51.
-178.
-212.

-37.
-70.
-111.
119.
1100.

-5.
-16.
-34.
111.
690.

******
******
******
71.
546.

-3 2.
—54.
-77.
—63.
-135.

193
193
193
193
193

5
6
7
8
9

|
|
|
|
|

-162 •
-269 .
-199.
-176.
-193.

-11.
0.
14.
18.
15.

267.
44.
-67.
-106.
-163.

177.
47.
-17.
-50.
-61.

-76.
-38.
-29.
-19.
-23.

-189.
-97.
-27.
-6 .
1.

******
******
******
10.
22.

-228.
-216.
-118.
-92.
-68.

194 0
194 1
1942
194 3
194 4

I
|
|
|
|
|

166.
34.
-21.
-38.
-79.

-93.
-117.
-420.
-561.
-455.

9.
-8.
-59.
-28.
1.

-

—28.
-50.
-91.
-114.
-82.

-18.
—18.
-19.
-27.
-5.

32.
47.
-20.
-56.
-48.

34.
50.
43.
15.
22.

-69.
—61 •
-112.
-84.
-99.

|

I




-99.
144.
272.
406.
330.

-1
-2
-2

5
7
6
6
4

3
6
3
5
3

.
.
.
.
.

O U T S T A N D I N G FARM REAL E S T A T E D E B T
CHANGE D U R I N G YEAR I N M I L L I O N S O F D O L L A R S
1
j

1
|

I
j
BANKS

1
1
1
1

TOTAL

194 5
194 6
194 7
194 8
1 9 49

I
I
I
|
I

-180.
137.
167.
224.
291.

58.
176.
157.
57.
34.

-241.
-197.
-128.
-50.
18.

-131.
-102.
-88.
-21.
38.

195
195
195
195
195

0
1
2
3
4

I
|
I
|
I

533.
550.
579.
499.
505.

54.
31.
52.
23.
69.

26.
35.
68.
92.
93.

41.
47.
77.
98.
98.

195
195
195
195
195

5
6
7
8
9

|
, I
,|
,|

767.
810.
561.
709.
991.

114.
23.
17.
92.
116.

200.
242.
175.
168.
270.

.
,
,
,
,

. 1
.1
. |
.|
. I

738.
1079.
1269.
1636.
2091.

69.
49.
229.
266.
280.

1
1
1
1
1

965....,
966....
967....,
968....
969....

. I
•I
.I
.|
.1

2293.
1890.
2065.
2255.
1785.

1
1
1
1
1

9
9
9
9
9

.I

TOTAL

FARM C R E D I T

FEDERAL
LAND
BANKS

I
I
I
1

YEAR

1
1
1
|

COOPERATIVE

SYSTEM

FEDERAL
FARM
MORTGAGE
CORPORATION

JOINTSTOCK
LAND

BANKS

1
FARMERS
LIFE
1
HOME
INSURANCE|
COMPANIES! A D M I N I S TRATION
1
1

1
I INDIVIDUALS
|
AND
I
OTHERS
1
1

.
.
.
.
.

-47.
-3.
71.
77.
136.

-11.
8.
6.
-1.
5.

61.
152.
61.
141.
98.

-15.
-11.
-9.
—6.
-5.

-0.
******
******
******
******

180.
189.
174.
177.
159.

55.
34.
40.
22.
26.

217.
260.
245.
186.
158.

213.
242.
175.
168.
270.

-13.
******
******
******
******

******
******
******
******
******

220.
205.
102.
82.
158.

35.
50.
78.
67.
68.

198.
290.
188.
299.
379.

204.
264.
221.
258.
405.

2
2
2
2
4

4.
4.
1.
8.
5.

******
******
******
******
******

******
******
******
******
******

155.
187.
229.
389.
507.

47.
225.
110.
113.
114.

264.
353.
479.
609.
785.

191.
163.
291.
273.
212.

553.
674.
649.
518.
590.

553.
674.
649.
518.
590.

******
******
******
******
******

******
******
******
******
******

514.
412.
326.
224.
—30.

212.
166.
181.
210.
225.

822.
476.
619.
1030.
788.

.I
.1
.I

1163.
1862.
3550.
5495.
5036.

227.
446.
574.
666.
508.

474.
734.
1170.
1851.
2501.

474.
734.
1170.
1851.
2501.

******
******
******
******
******

******
******
******
******
******

-124.
—46 *
79.
322.
333.

160.
178.
217.
178.
201.

425.
549.
1510.
2478.
1493.

1975.... .|
1976.... .|

4781.
5521.

330.
485.

2547.
2505.

2547.
2505.

******
******

******
******

429.
674.

154.
320.

1321.
1538.

I

I 9 6 0 . .
1961..
1962..
1963..
1964..

7
7
7
7
7

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.I




0
6
2
5
0

-10
-9
-4
-2
-1

8
3
0
9
9

.
.
.
.
.

-

2
2
1
0
0

TABLE

121.3
O U T S T A N D I N G FARM REAL E S T A T E D E B T
P E R C E N T A G E CHANGE D U R I N G YEAR
COOPERATIVE

YEAR

TOTAL

BANKS
TOTAL

_L

11.6
10.6

I
191 5
|
191 6
|
1 9 17
|
1 9 1 8 . . . . . |
191 9
|

10.8
12.2

0
1
2
3
4

I
1
|
|
|
|

5
6
7
8
9

I
|
|
|
|
|

193 0
193 1
193 2
193 3
193 4

I
|
|
|
|
|

193 5
193 6
193 7
1936
1939

I
|
|
|
|
|

192
192
192
192
192
192
192
192
192
192

I
1 9 4 0 . . . . . |
194 1
|
194 2
|
194 3
I
1 9 44
|
I




FEDERAL
LAND
BANKS

CREDIT

SYSTEM

FEDERAL
FARM
MORTGAGE

CORPORATION

I
|
|
|
|
|

191 0
191 1
191 2
191 3
191 4

FARM

9.8

8.3

6.0

5.3

17.6
21.5
16.1
7.4
3.1

******
******
******
******

4.0
20.3

JOINTSTOCK
LAND

BANKS

I
LIFE
|
FARMERS
INSURANCE|
HOME
COMPANIES| ADMINISI
TRATION

I

1

******

******
******
******
******
******

******
******
******
******
******

******
******
******
******
******

9.
13.
14.
8.
12.

******
******
******

******
******
******

******
**** **
******
344.1
616.1

14.3
12.5
11.0
6.5
-4.3

******
******
******
******
******

4
3
7
6
1

I
(INDIVIDUALS
|
AND
|
OTHERS
|

******
******
******
******
******

8.5
9.5

8.8
8.4
5.6

9.2
18.4

16.9

301.5
114.8

299.4
87.9

******
******
******
******
******

21.0

20.2

20.9

19.1
23.7
47.9
24.8
15.7

******
******
******
******
******

29.8
9.1
157.3
79.5
13.7

23.7
18.8
8.6
15.2
8.4

******
******
******
******
******

2
0
1
3
6

******
******
******
******
******

22.2
15.9
5.9
-2.0
-2.9

4.5
4.6
2.3
~1.6
- l . u

******
******
******
******
******

- 0 . 4
- 1 . 3
- 2 . 9
9.7
54.8

******
******
******
******

-1.5
-2.4
-6. 8
—10*6
-23.3

******
******
******
******
******

8.5

28.8
5.9
-2.0
—6.0
-7.9

-14.5
—8.7
-2.7
—0.6
0.1

******
******
******
******
214.9

-

3.3
4.6
-1.9
-5.4
-4.9

104.9
75.3
37.6
9.2
12.6

-3.1
-2.9
—5.4
-4.3
-5.2

4.7

8.0

2.2

6.4

21.0

0.8

-2.2

-7.1

- 7 . 9
-13.5

65.8
38.7
15.0

-1.8

12.7

-3.0
-4.1
—4.6
—4 . 7

10.2
6.7
1.4

- 5 . 1
- 0 . 7
- 5 . 4

-2.0

-1.1
-2.0
-0.6

1.0

-0.0
-1.3
- 2 .
-3.
-6.
-9.
-1.

4
2
9
2
3

-2.1
-3. 6

-2.8
-2.5

-2.8
-1.4

—1.8
—6. 6
- 9 . 4
-8.4

-20.0
-29.8
- 2 . 3

0.0
2.9
3.6
2.9

1.7
-1.5
-10.9
-5.9
0.3

0.0

-3
-6
7
63

.9
.4
.3
.2

9.4
1.4

-2.1
-3.5
- 5 . 5
-3.5
-5.3

—10.6
-17.7
-17.5

8
7
7
3
1

.
.
.
.
.

1.6

- 1 . 0
-1.8
- 3 . 8
—2.6
- 3 . 9
—8. 6
- 1 5 . 4
—16. 7

771.9

-1
-2
-1

3
7
4
1
9

.9
.3
.3
.0
.2

-1
-1
-3
-

5
8
4
3
2

.
.
.
.
.

0
9
0
2
8

27.6
18.9
18.0
13.9
20.2

-19
-23
-33
-72
-46

.
.
.
.
.

9
9
8
7
0

3.9
8.5
12.4
8.7

20.1
20.7

1.0

—4.8
- 8 . 3
-14.2

—8.1
-5.4
-0.4
1.3

-1.2
—2 . 4
-3.9
-7.5
-12.9

-16.8
7
7
4
3
3

.
.
.
.
.

8
9
7
8
0

TABLE

121.3

O U T S T A N D I N G FARM R E A L E S T A T E DEBT
P E R C E N T A G E CHANGE D U R I N G YEAR
I
I
|
I
I
I

YEAR

TOTAL

1
1
I
1
1
1

COOPERATIVE
BANKS

I
TOTAL

FEDERAL
LAND
BANKS

FEDERAL
FARM
MORTGAGE

SYSTEM
JOINTSTOCK
LAND

BANKS

I
I
|
|
|

LIFE
I
INSURANCE|
COMPANIES I
|

J

1

I
FARMERS
HOME
ADMINISTRATION

(INDIVIDUALS
|
AND
OTHERS
I
|

L

1
7
0
2
7

-41.2
—48 . 6
—60 . 7
-26.4
—41 . 6

-5.0
-0.3
8.0
6.0
13.1

-5.6
4.3
3.1
—0.4
2.3

3.4

4.6
4.9
7.8
9.2
8.3

-25.0
-25.5
-27.1
—26.2
-27.2

-100.0
******
******
******
******

15.4
14.0
11.3
10.3
8.4

27.2
13.2
13.6
6.7
7.4

9.4
10.3

8.9
13.1

16.8
16.4
10.1
6.9
13.1

-100.0
******
******
******
******

******
******
******
******
******

10.7
9.0
4.1
3.2
5.9

9.1
12.2
16.8
12.5
11.2

4.5
3.1
14.0
14.2
13.1

8.7
10.4
7.9
8.5
12.3

8.7
10.4
7.9
8.5
12.3

******
******
******
******
******

******
******
******
******
******

5.5
6.3
7.3
11.5
13.4

6.9
31.2
11.6
10.7
9.7

5.6
7.1
9.0
10.5

1945
1946
1947
1948
1949

|
|
1
|
1

-3.7
2.9
3.4
4.4
5.5

12.8
34.7
23.0
6.6
3.8

-15.4
-14.9
-11.4
-5.0

2.0

10.8
-9.5
-9.0
-2.3
4.4

1950
1951
1952
1953
1954

|
|
|
|
|

9.6
9.0
8.7
6.9
6.5

5.8
3.2
5.1
2.1
6.4

2.7
3.6
6.7
6.4
7.8

, |
1955
, |
1956
1 9 5 7 . . . . ., I
, |
1958
. |
1959

9.3
9.0
5.7
6.8
8.9

9.6
1.8
1.3
7.0
8.2

15.7
16.4

. 1
. I
1962....,. I
1963......|
1 9 6 4 . . . . . .1

6.1
8.4
9.1
10.8
12.4

1960

FARM C R E D I T

10.1

-3
-3
-2
-2
-2

1
8
7
7
4

.
.
.
.
.

8.2

3.0

6.8
4.4

8.8
6.1
4.9
5.9

6.1
4.9
7.4
8.7

12.2

1
1
1
1
1

9
9
9
9
9

6
6
6
6
6

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.1
. |
. |
. I
. |

12.1
8.9
8.9
9.0
6.5

7.9
6.2
10.5
8.9
6.4

15.0
15.9
13.2
9.3
9.7

15.0
15.9
13.2
9.3
9.7

******
******
******
******
******

******
******
******
******
******

12.0
8.6
6.3
4.0
-0.5

16.5
11.1
10.9
11.4
11.0

11.4
5.9
7.3
11.3
7.6

1
1
1
1
1

9
9
9
9
9

7
7
7
7
7

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

. |
. |
•1
.1
.I

4.0
6.1
11.0
15.4
12.2

6.4
11.8
13.6
13.9
9.3

7.1
10.3
14.9
20.5
22.9

7.1
10.3
14.9
20.5
22.9

******
******
******
******
******

******
******
******
******
******

-2.2
-0.8
1.4
5.7
5.6

7.
7.
8.
6.
6.

3.9
4.8
12.7

1 9 7 5 . . . . .I
1 9 7 6 . . . . . |

10.3
10.8

5.5
7.7

19.0
15.7

19.0
15.7

******
******

******
******

6.8
10.0

4.8
9.5




0
3
3
3
7

Id.4
9.4
7.6

8.2

TABLE

14

121.4
OUTSTANDING

FARM REAL E S T A T E D E B T ,
PERCENTAGE OF TOTAL

COOPERATIVE
YEAR

TOTAL

100.0
100.0

1910
1911
1912
1913
1914

100.0
100.0

1915
1916
1917
1918
1919

100.0
100.0
100.0
100.0
100.0

1920
1921
1922
1923
1924

100.0

100.0

100.0

100.0
100.0

100.0

1925
1926,
1927
1928,
1929,

100.0
100.0
100.0
100.0
100.0

1930,
1931,
1932,
1933,
1934,

100.0
100.0

100.0

100.0

100.0

1935,
1936,
1937,
1936.
1939.

100.0
100.0
100.0
100.0
100.0

1940.
1941.
1942.
1943.
1944.

100.0
100.0
100.0
100.0
100.0




BANKS

FARM C R E D I T

JANUARY

1

SYSTEM

I

JOINTSTOCK
LAND

LIFE
|
FARMERS
INSURANCE|
HOME
COMPANIES| A D M I N I S I
TRAT10N

BANKS,.

J

TOTAL

FEDERAL
LAND
BANKS

.7
.6
.8
.5
.4

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

*****
*****
*****
*****

14.9
14.8

*****

16.0

*****
*****

15.4
14.4

0.6

*****
*****
*****

*****
*****
*****

2.3

2.2

*****
*****
*****
*****
*****

14.3
14.2
14.4
14.0
13.0

4.2
4.2
4.8

3
3
4
5
7

.5
.4
.0
.9
.5

*****
*****
*****
*****
*****

0.7

3.7

16.8

9.3
10.3

*****
*****
*****
*****
*****

4.5
5.6
6.5
6.9
6.7

19.6
20.9

*****
*****
*****
*****

6.4

1
1
1
1
1

2
3
4
5
5

8.0
11.2

0.6

FEDERAL
FARM
MORTGAGE
CORPORATION

12.1
12.1
11.6
11.2

16.6

10.7

18.9

12.1

10.4

19.1
19.2
19.1
19.2
22.7

12.5
12.7
13.0
13.5
16.4

37.5
41.9
44.1
44.3
43.9

25.7
28.5
30.0
30.6
30.6

42.7
41.6
40.3
38.6
35.1

30.5
30.1
29.5

10.8
10.6
10.0

26.9

8.0

10.1

10.3
10.5
9.2

6.6

6.6
6.8
7.2
7.7

8.1
8.4
8.4

8.0
8.3

13.8
15.9
17.6

11.1
11.7

28.8

0.9

6.1
10.7

11.8
11.8
11.4

9.1

*****

0.0
0.1

0.6

0.8
2.0

12.1
12.0
12.2
12.7
12.7
13.4
14.6
14.8
14.6
14.3
11.5

11.8
13.4
14.4

I
*****
*****
*****
*****
*****

75
74
73
71
71

*****
*****
*****
*****
*****

71.6
70.7
69.2
69.3
69.0

*****
*****
*****
*****
*****

70
69
67
63
59

*****

54.5
51.1
48.6
47.9
46.5

22.3
21.9

*****
*****
*****
*****

22.0
22.2

*****
*****

22.4
22.4

*****
*****
*****

7
7
3
9
7

17.2
15.0
14.2
14.2
14.5

*****
*****
*****
*****

1.4

14.9
15.7
16.7
17.5
18.3

0.5

6.6
6.1

5.6
5.4
3.
2.
2.
1.
1.

1.1
0.9

0.6
0.2

22.0

22.1

I

!INDIVIDUALS
|
AND
|
OTHERS
|

0.2
1.0
1.8

2.7
3.2

4
4
4
4
4

6
8
6
7
6

.
.
.
.
.

3
4
0
8
9

.0
.9
.4
•6
.0

.5
.5
.2
.9
.0

38.8
36.6
34.9
34.2
33.8
33.7
33.1
32.8
33.2
35.1

TABLE

121.4

OUTSTANDING

FARM REAL E S T A T E D E B T ,
PERCENTAGE OF TOTAL

COOPERATIVE
TOTAL

BANKS
TOTAL

FARM C R E D I T

FEDERAL
LAND
BANKS

FEDERAL
FARM
MORTGAGE

100,0

9.1
10.7
14.0
16.6
17.0

31.6
27.6
23.0
19.7
17.9

24.5
22.7
19.9
17.6
16.4

*****
*****
*****

40.9
39.6
39.3
39.0
39.2

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

23.3
23.2
22.7
22.4
22.5

5.6
5.6

39. 1
38.9
38.5
38.4
38.3

*****
*****
*****
*****
*****

22.7
22.7

22.2

*****
*****
*****
*****
*****

22.9
23.5
24.5
25.3
26.4

22.9
23.5
24.5
25.3
26.4

*****
*****
*****
*****
*****

*****
*****
*****
*****

8.0

*****

19.6
18.5
17.3
15.8
14.5

29.0
31.2
32.6

29.0
31.2
32.6

*****
*****
*****

*****
*****
*****

13.6
13.2
13.1

6.9

15.4
16.4
17.5
18.3

100.0

100.0

12.6

19.3
19.8

19.3
19.8

100.0
100.0
100.0
100.0
100.0

100.0

100.0

100.0
100.0
100.0

100 .0
100.0
100.0




12.4

11.8

12.3
12.7

12.8
12.3

12.0

12.2
12.2
12.1
1
1
1
1

2.4
3.1
3.4
3.2

12.9
12.3

12.0

41
41
41
41
41

4.6
4.6
4.7
5.2
5.5

15.5
16.4
17.5
18.3

100.0
100.0
100.0
100.0

36.3
39.0
41.0
40.9
41.8

24.9
25.2
25.2
24.6
24.0

14.1
14.2
13.2
12.7
12.7

100.0

4.0
3.9
3.9
3.9
3.7

*****
*****
*****
*****
*****

15.4
15.1
15.3

100.0
100.0

18.1

19.0
19.6

I

23.1
23.7
24.5

15.3
14.8
14.1

100.0

19.0
18.7

I INDIVIDUALS
I
AND
I
OTHERS
|

*****
*****
*****

16.2
15.5
14.9
14.6
15.1

100.0

0. 1
0.1
0.0
0.0
0.0

I

3
4
4
4
4

17.3

100.0

1.5

I

BANKS-

FARMERS
HOME
ADMINISTRATION

21.0
22.1

16.2

16.7

2.1

JOINTSTOCK
LAND

LIFE
I
INSURANCE I
COMPANIES|
|

0.0
*****

16.1

100.0

100.0
100.0

7.0
5.0
3.0

1

I

SYSTEM

CORPORATION
100.0
100.0
100.0
100.0

JANUARY

18.6

20.2
19.9
19.5
19.5

18.6

20.2

19.9
19.5
19.5

20.0

20.0

21.3

21.3

22.1
22.2

22.1

1.1
0.7
0.5
0.3

0.2

0.2
*****

22.6
22.0
21.0

.6
.2
.4
.6
.6

6.8
7.0
7.0

6.8
7.1
7.2
7.3
7.5
7.8

8.1

7.9
7.3

6.6
6.5

38
37
36
36
37
3
3
3
3
3

.
.
.
.
.

.
.
.
.
.

4
3
8
8
6

2
9
9
3
1

7.5
7.5
7.0
7.6
8.6

37.6
36.7
35.8

TABLE

121.5
OUTSTANDING
P E R C E N T A G E OF

FARM REAL E S T A T E D E B T , JANUARY 1
TOTAL FARM D E B T I N C L U D I N G CCC L O A N S

COOPERATIVE
YEAR

TOTAL

BANKS
TOTAL

FEDERAL
LAND
BANKS

—
1940
1941
1942
1943
1944
1945
1946
1947
1946
1949

60.9
60.2
60.8
59.2
60.2
56.2
54.8
46.5

1950
1951
1952,
1953,
1954,
1955,
1956,
1957,
1958,
1959,

44.8
46.8
45.5
45.0
45.7
46.7
46.0
50.6
50.9
46.9

1960,
1961,
1962,
1963,
1964,
1965,
1966,
1967,
1966.
1969.

48.8
49.0
46.8
48.3
48.9
51.3
52.1
52.4
53.0
54.3

1970«
1971 a
1972.
1973.
1974.
1975.
1976.
1977.

55.0
55.7
54.5
54.7
55.6
56.6
56.2
55.1

65.6

62.0




5.3
5.2
5.1
4.6
5.1
5.4
6.4

20.0
18.7

6.1

9.1
7.9

10.8
8.3

7.5
7.6
6.9

7.7
7.6
7.0

6.6
6 .4

6.6
6.6
6.7
6 .4

6.0

6.1
6.1
5.6

6.0
6.2
6.6

6 .4
6.3
6.5

6 .6
6.7
6.9
7.1
7.3
7.4
7.3
6.9

6.6

6.8

16.0

17
16
14
13

.4
.4
.5
.6

9
7
5
4

0.7

7.3
7.3

0.5
0.3

0.0
*****

6.8

10.0
10.4

11.2
11.7

12.1

12.1

12.6

12.6

13.1
13.3
13.6
14.7
16.4
17.6

13.1
13.3
13.8
14.7
16.4
17.6

18.0

.
.
.
.

9.6
7.6

9.4
9.7
9.8
9.6
9.5

11.7

0
0
0
0

11.6

9.4
9.7
9.8
9.6
9.5

11.2

BANKS-

0.1
0.1
0.0
0.0
0.0
0.0

7.0
7.2
7.9
8.9
9.3
8.7

10.4

6.1

JOINTSTOCK
LAND

5.5
4.8
4.2
3.0
1.7

6.7
6.9
7.2
7.9
8.9
9.3
8.7

10.0

FEDERAL
FARM
MORTGAGE

7.1
6.5

I

SYSTEM

CORPORATION

28.0
25.9
24.6
23.2
21.3
18.7
16.7
13.4

FARM C R E D I T

18.0

1.2

0.2

*****
*****
*****

*****
*****
*****
*****
*****
*****
*****
*****

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

*****
*****
*****
*****
*****
*****
*****
*****

*****
*****
*****
*****
*****
*****
*****
*****

0.1

0.1
0.1
*****

LIFE
|
FARMERS
INSURANCE|
HOME
COMPANIESf A D M I N I S I
TRATION

J
9.8
9.7

10.2
10.5

11.1
11.2

I
0.3

0.6
1.1
1.6
2.0

10.6

2.3
2.3
2.3

10.4
9.1

2.1
1.7

9.4
10.4
10.5
10.7

1.6
2.0
2.0
2.1
2.1
2.1
2.2

11.3

11.2

11.6

12.1
12.8
12.6
11.3
11.4
11.4

11.1
10.6
11.0
11.7

11.8
11.8
11.7
11.4

10.8
10.3
9.4

8.6
8.0

7.7
7.4
7.2

I

|INDIVIDUALS
|
AND
|
OTHERS
|

2.4

2.6
2.6
2.7

2.6
3.3
3.4
3.4
3.5
3.7
3.8
3.9
4.1
4
4
4
4
4
3
3
3

.3
.5
.4
.3
.1
.9
.7
.6

22.1
20.6
20.0
20.0
21.3
21.5
23.5
23.9
22.4
19.4
18.5
19.4
19.0

16.8

19.0
19.1
19.0

20.0
19.8
18.4
19.1
19.1

18.8
18.6
18.7
19.6
19.8
19.3
19.3

20.1
20.7
20.9

20.2
20.6
21.5
21.3

20.6
19.7

TABLE

121.6

OUTSTANDING
PERCENTAGE OF

FARM REAL E S T A T E D E B T , JANUARY 1
TOTAL FARM D E B T E X C L U D I N G CCC LOANS

COOPERATIVE
YEAR

|

TOTAL

BANKS
TOTAL

I

FEDERAL
LAND
BANKS

JOINTSTOCK
LAND

BANKS

FARMERS
HOME
ADMINIS-

1
1

TRATION

1
I

1.7

2.4
2.3

21.7
22.9
23.4
24.3
24.1

1.9

21.6

10.9
11.1
11.0
11.5
13.0
13.3
13.4
13.9
13.4
12.6

9.9
10.2
10.5
10.3
10.1
10.5
10.8
11.5
12.1
12.7

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

11.9
12.0
11.9
11.6
11.6
12.2
12.2
12.2
12.0
12.1

2.9
2.9
3.6
3.6
3.6
3.6
3.8
3.9
4.0
4.3

13.2
13.6
13.9
14.2
14.9
16.4
17.6
18.2

*****
*****
*****
*****
*****
*****
*****
*****

*****

11.4
10.7
9.8
8.9
8.1
7.7
7.4
7.3

4.5
4 .6
4 .6
4.5
4.1
3.9
3.7
3.6

21.0
19.9
19.1
18.8
17.5
15.8
14.1
11.7
9.7
8.5

195 0
I
1 9 5 1 . . . . . I
195 2
I
195 3
1
195 4
I
195 5
1
195 6
I
195 7
I
195 8
I
195 9
I
I
196 0
1
196 1
1
196 2
1
196 3
I
196 4
I
196 5
I
196 6
I
196 7
I
196 8
I
1969
1

52.0
49.9
47.4
48.5
53.2
53.4
53.3
55.2
54.1
52.4

8.7
8.1
7.2
7.2
7.5
7.5
7.5
7.3
6.9
6.6

9.0
8.1
7.3
7.3
8.2
8.3
8.7
9.7
9.9
9.8

8.4
7.7
7.1
7.2
8.0
8.2
8.7
9.7
9.9
9.8

51.2
51.7
52.3
51.7
51.8
53.6
54.0
53.8
54.7
57.3

6.5
6.4
6.2
6.4
6.6
6.9
6.6
*6.5
6.7
7.0

9.9
10.2
10.5
10.3
10.1
10.5
10.8
11.5
12.1
12.7

58.0
57.7
56.7
56.3
56.2
56.8
56.4
55.7

7.0
7.2
7.4
7.5
7.4
7.3
7.0
6.7

13.2
13.6
13.9
14.2
14.9
16.4
17.6
18.2

7.4
7.0
6.4
6.0
5.2
4.5
3.1
l.d
1.2
0.8

*****
*****
*****
*****
*****
*****
*****

I
I
23.2
21.9

0.0
*****
*****
*****
*****
*****
*****
*****
*****
*****

29.4
27.6
26.1
25.2
22.8
20.4
17.3
13.5
10.9
9.3

I
|INDIVIDUALS
I
AND
|
OTHERS

0.3
0.7

0.5
0.4
0.2
0.2
0.1
0.1
*****
*****
*****
*****

5.6
5.5
5.4
5.2
5.4
5.9
6.6
8.2
9.2
8.8




FEDERAL
FARM
MORTGAGE
CORPORATION

LIFE
I INSURANCE I
1 COMPANIESI

10.3
10.3
10.8
11.4
11.9
12.2
11.7
10.6
10.5
10.1

68.7
66.0
64.7
65.3
65.1
64.5
62.4
58.7
55.3
51.8

I

SYSTEM

1.0
0.7
0.6
0.4
0.1
0.1
0.0
0.0
0.0
0.0

194 0
I
194 1
j
194 2
1
1 9 4 3 . . . . . I
194 4
1
194 5
1
194 6
I
1 9 4 7 . . . . . I
194 8
1
194 9
I

1 9 7 0 . . . . • I
197 1
I
197 2
I
1 9 7 3 . . . . . I
1 9 7 4 . . . . . I
197 5
1
197 6
I
197 7
1

FARM C R E D I T

1.2

2.1

2.6

2.2
1.9

2.1
2.1

21.2

22.6
21.5

20.6

2.2

19.8
20.3

2.4
2.4
2.4

21.1

2.6

22.1
21.9

21.7

2.8

21.1

2.9

20.5

20.0
20.1
20.1
19.9
19.8
20.5
20.5
19.9
19.9
21.3

21.8
21.6
21.0
21.1
21.7
21.4
20.7
19.9

TABLE

131.1
OUTSTANDING FARM N O N - R E A L - E S T A T E D E B T , JANUARY 1
AMOUNTS I N M I L L I O N S OF DOLLARS
I
I
L
|

YEAR

I
I
I
L
I

1940.....|
194 1
|
1 9 42
|
1 9 43
|
1 9 44
|
194 5
|
194 6
|
194 7
|
194 8
|
1 9 49
|

DEBT I N C L U D I N G
CCC LOANS

COOPERATIVE
TOTAL

196 0
196 1
1 9 62
196 3
1 9 64
196 5
196 6
196 7
196 8
196 9
197 0
197 1
1 9 7 2 . . . . .
197 3
197 4
197 5
197 6
1977.....

|
|
|
|
|
|
|
|

I

|
|
|

|
|
|
|
|
J__




TOTAL

445.
629.

3004.
33 4 7 .
3483.
3172.

FARM C R E D I T

BANKS
TOTAL

773.
589.
683.
277.
65.
84.
1152.

6875.
6938.
7982.
8859.
9194.
9416.
9781.
9522.
10029.
12558.

172 1.
812.
588.
1184.
2390.
2219.
1870.
1563.
1215.
2473.

12693.
13359.
14567.
16219.
17583.
17909.
19471.
20950.
22254.
23058.

1165.
1390.

23843.
24138.
26906.
29587.
32884.
35544.
39763.
46073.

610.

2888.
2720.

2868.
3451.
4090.
4930.
5154.

900.
984.
1073.
924.
936.
949.
1034.
1289.
1593.
1946.

SYSTEM

|

.1

PRODUCTION
FEDERAL |
CREDIT
INTERMEOI-I
ASSOCIAATE C R E D I T }

12Sm

I
|
|

CCC
LOANS

3449.
3977.
4093.
3945.
3477.
3402.
3145.
3516.
4174.
6082.

I

1950.....|
1951
|
1952.....|
195 3
|
195 4
|
195 5
|
195 6
|
195 7
|
195 8
|
195 9
|

DEBT EXCLUDING CCC LOANS

186.
203.
223.

221.
231.

218.

221.
262.
327.
423.

BANKS

I
FARMERS
HOME
ADMINISTRATION

I

I INDIVIDUALS
|
AND
|
OTHERS
|

|

153.
171.
186.
183.
19 7 .
188.
195.
230.
289.
367.

32.
32.
37.
38.
34.
30.
26.
32.
38.
56.

418.
461.
487.
527.
522.
453.
413.
400.
371.
342.

1500.
1700.
1700.
1500.
1200.
1100.
1200.
1500.
1800.
2220.

51.
62.
78.
83.
64 .
58.
62.
60.
67.
84.

347.
329.
304.
338.
376.
417.
406.
431.
436.
406.

2320.
2760.
3330.
3460.
3060.
3210.
3490.
3490.
3820.
4320.

7393.
7675.
6804.
7196.
7910.
7960.
6814.
10085.

2049.
2524.
3120.
3195.
2763.
2934.
3308.
3280.
3605.
4161.

605.
635.
706.
759.
953.
1198.

387.
451.
561.
599.
542.
577.
644.
699.
886.
1115.

11528.
11969.
12701.
14164.
15657.
16366.
18062.
19794.
20834.
20387.

4819.
4991.
5316.
5979.
6652.
6990.
7677.
8533.
9272.
9720.

1451.
1568.
1739.
1949.
2231.
2402.
2718.
3173.
3694.
4006.

1361.
1480.
1640.
1839.
2105.
2278.
2579.
3016.
3518.
3826.

90.
88.
99.
110.
126.
125.
140.
157.
176.
180.

398.
420.
496.
556.
594.
644.
717.
737.
798.
822.

4860.
4990.
5150.
5680.
6180.
6330.
6950.
7350.
7070.
5840.

2676.
1876.

21168.

2262.

24644.
27794.
32134.
35226.
39406.
45061.

10330.
11102.
12496.
14315.
17167.
18238.

4713.
5515.
6315.
6859.

4495.
5295.
6078.
6607.
7829.
9519.
10773.
12233.

218.
220.
237.
251.
331.
374.
350.
368.

785.
795.
771.
780.
877.
1044.
1772.
1877.

5340.
4850.
5060.
5840.
5930.
6050.
6350.
7300.

1866.
2055.
1926.
1543.
1406.
1157.
142 0 .
2671.

1793.
750.
319.
358.

1012.

6126.

22262.

20160.
23283.

438.
513.
639.

682.

8160.
9893.
11124.

12601.

TABLE

131.2

OUTSTANDING FARM N O N - R E A L - E S T A T E DEBT
CHANGE DURING YEAR IN M I L L I O N S OF DOLLARS
DEBT

DEBT I N C L U D I N G
CCC LOANS

TOTAL

CCC
LOANS

EXCLUDING CCC LOANS

COOPERATIVE FARM C R E D I T SYSTEM
TOTAL

BANKS
TOTAL

116.

-148.
-468.
-75.
-257.
371.
658.
1908.
793.




63.
1044.
877.
335.

222.

365.
-258.
506.
2529.
135.

666.
1208.
1652.
1364.
326.
1561.
1479.
1304.
804.
785.
294.
2769.
2661.
3297.

2660.
4219.
6309.

184.
-19.
163.
-163.
94.
-406.

-212.
19.

1068.
569.
-910.
-22 3.
596.

1206.

343.
136.
-311.
-2*4.

-168.
149.
583.
639.
840.
223.
972.
1267.

282.

84.
89.
-149.

12.

13.
85.
255.
304.
353.
103.
475.
596.
75.
-432.
171.
375.
-29.
325.
555.
659.

17.

20.

-2.

10.

-12.
3.
40.
65.
96.

16.

BANKS _1_
0.
5.

42.

26.

200.

0.
-200.

0.

41.

-3.
5.

6.

-69.
-39.
-13.
-30.

21.

—5 .

4.

100.

-17.
-25.
34.
38.
42.

440.
570.
130.
-400.
150.

6.

35.
59.
78.

18.

—1>.

-28.

-300.

-100.
100.
300.
300.
420.

111.

63.

11.
16.

43.
-77.
30.
71.
53.
194.
245.
252.

38.
-58.
35.
67.
55.
1*7.
229.
247.

5.
19.
-5.
4.

-12.

7.
17.

25.
5.
-30.

-8.

330.
500.
540.

119.

-1.

22.

130.

74.

-171.
-349.
-308.
-348.
1259.
-1308.
225.
476.
189.
-12 9.
-38 3.
-135.
-25 2.
263.
1251.
5.

442.
732.
1463.
1493.
709.
1696.
1731.
1041.
-447.
780.

172.
324.
664 .
673.
338.
687.
857.
738.
448.

117.
171.
210.
283.
171.
316.
454.
522.
312.
707.

-800.

1094.
2383.
3150.
4340.
3092.
4180.
5655.

772.
1397.
1817.
2852.
1071.
1922.
3123.

802.

386.
-469.
-1043.
-43 2.
39.
654.

17.
15.
- 3 .
14.
—8 .

|INDIVIDUALS
|
AND
|
OTHERS
I

126.

-871.
393.
714.
49.
854.
1271.
1443.

610.

I

FARMERS
HOME
PRODUCTION
FEDERAL |
CREDIT
INTERMED1-I ADMIN1SASSOCIA—
ATE C R E D I T 1
TRAT10N

TlONi
528.

I

|

800.
544.
1302.
1733.
1230.
1477.

160.

199.
267.
172.
301.
437.
502.
308.
669.

800.
783.
530.

-2.

6.

10.
11.

16.
-1.

15.
17.
19.
4.
38.

2.
17.
14.

1221.

80.

1691.
1254.
1460.

42.
-24.

18.

77.

60.
38.
50.
73.

2*0.
0.

160.

530.
500.
150.

620.

20.
61.

-280.

24.
-37.

-1230.
-500.

10.

-490.

-24.

10.

97.
167.
728.
105.

400.

210.

780.
90.

120.

300.
950.

TABLE

20

131.3
OUTSTANDING FARM N O N - R E A L - E S T A T E DEBT
PERCENTAGE CHANGE DURING YEAR
DEBT I N C L U D I N G
CCC LOANS

I

I
I

TOTAL

CCC
LOANS

TOTAL

BANKS
TOTAL

15.3
2.9
—3.6
-11.9
-2.2
-7.6
11.8
16.7
45.7
13.0

41.4
-3.1
26.6
-23.7
15.9
-59.4
—76 . 6
28.6
1276.6
49.4

11.4
4.0
-8.9
-9.0
-5.6
5.5
20.3
18.5
20.5
4.5

9.3
9.1
-13.9
1.2
1.4
9.0
24.7
23.6
22.2
5.3

9.3
9.6
-1.1
4.5
-5.4
1.5
18.3
24.9
29.2
3.7

. 1
.1
.1
. 1
. 1
. 1
.1
.1
.1
.1
I

0.9
15.0
11.0
3.8
2.4
3.9
-2.6
5.3
25.2
1.1

-52 .8
-27.5
101.3
101.9
-7.1
-15.7
-16 .4
-22.3
103.6
-52 .9

18.9
20.7
3.8
-11.4
5.8
9.9
0.6
10.7
14.4
14.3

23.2
23.6
2.4
-13.5
6.2
12.8
-0.9
9.9
15.4
15.8

17.0
24.7
6.7
-11.3
4.9
11.2
7.5
25.5
25.7
21.1

. 1
. 1
.1
. 1
. 1
. 1
, 1
. 1
. , »!
.,. 1
|

5.2
9.0
11.3
8.4
1.9
8.7
7.6
6.2
3.6
3.4

19.3
34.2
10.1
-6 .3
-19.9
-8.7
-17 .9
22.8
88.1
0.2

3.8
6.1
11.5
10.5
4.5
10.4
9.6
5.3
-2.1
3.8

3.6
6.5
12.5
11.2
5.1
9.8
11.2
8.7
4.8
6.3

8.1
10.9
12.1
14.5
7.7
13.2
16.7
16.4
8.4
17.6

. 1
>!
>1
, 1
.1
1
1

1.2
11.5
10.0
11.1
6.1
11.9
15.9

-29.9
20.6
-20.7
-58.2
-57.6
12.3
162.8

5.2
10.7
12.8
15.6
9.6
11.9
14 c 4

7.5
12.6
14.5
19.9
6.2
10.5
15.5

17.0
14.5
8.6
19.0
21.2
12.4
13.3

1950....
1951....
1952....
1953....
1954....
1955....
1956....
1957....
1958....
1959....

FARM CREDIT

.,
.
.,
.,
.,
.,
.,




SYSTEM

|

.1
PRODUCTION
FEDERAL |
CREDIT
INTERMEDIN
ASSOCIAATE C R E D I T |

HONS

1
.1
.1
• 1
.1
. 1
• 1
.1
. 1
.1
.1
|

1940....
1941....
1942....
1943....
1944....
1945....
1946....
1947....
1948....
1949....

1970
1971
1972
1973
1974
1975
1976

COOPERATIVE

I

YEAR

I960...
1961...
1962...
1963...
1964...
1965...
1966...
1967
1968...
1969...

DEBT EXCLUDING CCC LOANS

11.3
6.7

—1.6
7.7
-4.2
3.4

18.1

25.7
26.9
5.6
16.3
24.6

6.6

-9.6
6.5
11.7
6.5
26.7
25.6

22.1
8.7

10.8
12.1
14.5

8.2

13.2
16.9
16.7
8.6
17.5
17.8
14.6
8.7
18.5

21.6

13.2
13.5

BANKS

FARMERS
HOME
ADMINISTRATION

I

I
IINDIVIDUALS
|
AND
|
OTHERS
|

I

0.2
15.5
1.3
-10.5
-12.1
-11.1
19.7
19.6
47.0
-8.8

10.1
5.7
8.3
-1.1
-13.3
-8.7
-3.2
-7.4
-7.7
1.3

13.3
0.0
-11.8
-20.0
-8.3
9.1
25.0
20.0
23.3
4.5

22.1
25.4
6.5
-23.4
-8.3
6.2
-3.1
12.0
24.6
7.0

-5.0
-7.7
11.1
11.2
11.1
-2.8
6.2
1.2
—6.9
-2.0

19.0
20.7
3.9
-11.6
4.9
8.7
0.0
9.5
13.1
12.5

-1.3
11.7
11.0
14.6
—0.8
11.9
12.5
12.4
2.1
20.9

5.5
16.3
12.1
6.8
8.4
11.4
2.9
8.2
3.0
-4.5

2.7
3.2
10.3
8.8
2.4
9.8
5.8
-3.8
—17 . 4
—8.6

1.0
7.7
6.0
31.9
12.8
—6 . 3
5.0

1.2
-3.0
1.2
12.4
19.1
69.7
5.9

-9.2
4.3
15.4
1.5
2.0
5.0
15.0

TABLE

131.4

OUTSTANDING FARM N O N - R E A L - E S T A T E D E B T , JANUARY 1
PERCENTAGE OF TOTAL CINCLUDING CCC LOANS)

I
I

DEBT EXCLUDING CCC LOANS

DEBT INCLUDING
CCC LOANS

YEAR

I
I
I
I
i ..
I
1940
I
1941.....I
1942
I
1943.....I
1 9 44
I
194 5
I
194 6
I
1947«....I
19<t6
I
1949.*... I

CCC
LOANS

TOTAL

COOPERATIVE
TOTAL

BANKS
QTAL

23.4
26,9
27.9
32.9
36.7
38.2
32.0

5.6

75.0
88.3
92.6
86.6
74.0
76.4
*0.9
83.6
87.9
80.3

29.8
36.4
39.1
36.1
30.0
31.2
33.8
34.4
35.9
33.1

6.4
7.4
8.0
7.7
6.6
6.7
7*2
8.0
9.5
9.5

5.6
6.5
7.0
6.8
5.9
6.1
6.6
7.3
8.8
8.9

0.7
0.9
1.0
0.9
0.7
0.6
0.6
0.6
0.7
0.7

5.0
4.7
3.8
3.8
4.1
4.4
4.1
4.5
4.3
3.2

33.7
39.8
41.7
39.1
33.3
34.1
35.7
36.7
38.1
34.4

9.2
10.4
12.8
12.7
11.0
8.6
7*2
5.5
6.4
11.6

90 a8
89.6
87.2
87.3
8 9 eO
91.4
92.8
94.5
93.6
88.4

38.0
37.4
36.5
36.9
37*6
39 0
39.4
40.7
41.7
42.2

11.4
11.7
11.9
12.0
12.7
13.4
14.0
15.1
16.6
17.4

10.7
11.1
11.3
11.3
12.0
12.7
13.2
14.4
15.8
16.6

0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.8
0.8

3.1
3.1
3.4
3.4
3.4
3.6
3.7
3.5
3..,
3 .6

38.3
37.4
35.4
35.0
35.1
35.3
35.7
35.1
31.8
25.3

11.2
7.8
8.4
6.1
2.3
0.9
0.9
2.2

88.8
92.2
91.6
93.9
97.7
99.1
99 e l
97.8

43.3
46.0
46.5
48.4
52.2
51.3
50.7
50.5

19.8
22.8
23.5
23.2
24.8
27.8
28*0
27.4

18.9
21.9
22.6
22.3
23.8
26.8
27.1
26.6

0.9
0.9
0.9
0.8
1.0
1.1
0.9
0.8

3.3
3.3
2.9

22.4

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

25.0
11.7
7.4
13.4
26.0
23.6
19.1
16.4
12.1
19.7

I960•r.e.|
196 1
I
196 2
I
196 3
i
1 9 64
I
196 5
I
1 9 66
I
196 7
1
1968 e e e • • I
1969.....I

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

197 0
1
197 1
I
197 2
I
1 9 7 3 . *- • * I
1 9 7 % . » • » oI
1975.....I
1976*....I
1977
I

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0




L
43.5
42.7
41.5
38.0
34.5
32.3
38.2
42.7
43.1
36.5

195 0
I
195 1
I
1 9 5 2 . . I
195 3
I
195 4
I
1955.....I
1956.....I
195 7
I
195 8
I
195 9
I

i

1INDIVIDUALS
AND
I
I OTHERS
|

12.1

26.1

1

TRATION

I

0.9
0.8
0.9
1.0
1.0
0.9
0.8
0.9
0.9
0.9

87.1
84.2
85.1
80.4
83.1
79.9
91.2
98.2
98.0
81.1

'

"PRODUCTION
FEDERAL
INTERMEDIN
CREDIT
ATE C R E D I T |
ASSOCIATIONS
BANKS 1

FARMERS
HOME

4.4
4.3
4.5
4.6
5.7
5.5
6.2
6.5
6.9
6.0

12.9
15.8
14.9
19.6
16.9
20.1
8.8
1.8
z.C
16.9

I

|

5.4
5.1
5.4
5.6
6.6
6.4
7.0
7.4
7.8
6.9

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

I

FARM CREDIT SYSTEM

24.7

26.2

11.6

11.9
13.4
15.0
13.3
13.1
11.4

fa.9

2.6
2.7
2.9
4.5
4.1

20.1
18.8
19.7

18.0

17.0

16.0

15.a

21

TABLE

22

131.5
OUTSTANDING FARM N O N - R E A L - E S T A T E D E B T , JANUARY
PERCENTAGE OF TOTAL (EXCLUDING CCC LOANS)
COOPERATIVE FARM CREDIT SYSTEM

YEAR

TOTAL

TOTAL

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954.
1955
1956
1957,
1958,
1959,

100.0

100.0
100.0
100.0
100.0

100.0
100.0
100.0

100.0
100.0
100.0

100.0

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

|

J

BANKS

1

PRODUCTION
FEDERAL |
CREDIT
INTERMEDI-I
ASS0C1AATE C R E D I T |
LLQttS
BANKS
1

FARMERS
HOME
ADMINIS—
TRATION

I

(INDIVIDUALS
|
AND
|
OTHERS
|
|

30.0
29.4
30.8
29.1
32.4
34.9
36.0
37.4
38.9
39.5

6.2
6.1
6.4
7.0
8.0
8.0
7.7
7.6
8.0
8.6

5.1
5.1
5.3
5.8
6.8
6.9
6.8
6.7
7.1
7.4

1.1
1.0
1.1
1.2
1.2
1.1
0.9
0.9
0.9
1.1

13.9
13.8
14.0
16.6
18.1
16.6
14.4
11.6
9.1
6.9

49.9
50.8
48.8
47.3
41.6
40.4
41.8
43.5
44.0
45.0

39.8
41.2
42.2
41.6
40.6
40.8
41.6
41.2
40.9
41.3

8.5
8.4
8.6
8.9
8.9
8.8
8.9
9.5
10.8
11.9

7.5
7.4
7.6
7.3
8.0
8.0
8.1
8.8
10.1
11.1

1.0
1.0
1.1
1.1
0.9
0.8
0.8
0.8
0.8
0.6

6.7
5.4
4. 1
4.4
5.5
5.8
5*1
5.4
4.9
4.0

45.0
45.1
45.0
45.1
45.0
44.6
44.1
43.8
43.3
42.8

1960,
1961,
1962,
1963 <
1964,
1965,
1966,
1967,
1966.
1969.

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

41.8
41.7
41.9
42.2
42.5
42 .7
42.5
43.1
44.5
47.7

12.6
13.1
13.7
13.8
14.3
14.7
15.1
16.0
17.7
19,6

11.8
12.4
12.9
13.0
13.4
13.9
14.3
15.2
16.9
18.8

0.8
0.7
0.8
0.8
0.8
0.8
0.6
0.6
0.8
0.9

3.4
3.5
3.9
3.9
3.6
3.9
4.0
3.7
3.8
4.0

42.2
41.7
40.5
40.1
39.5
38.7
38.5
37.1
33.9
26.6

1970.
1971.
1972.
1973.
1974.
1975.
1976.
1977.

100.0
100.0
100.0
100.0
100.0
100.0

48.8
49.9
50.7
51.5
53.4
51.8
51.2
51.7

22.3
24.8
25.6
24.7
25.4
28.1
26.2
28.0

21.2
23.8
24.7
23.8
24.4
27.0
27.3
27.1

1.0
1.0
1.0
0.9
1.0
1.1
0.9
0.8

3.7
3.6
3.1
2.8
2.7
3.0
4.5
4.2

25.2
21.8
20.5
21.0
16.5
17.2
16.1
16.2




100.0

100.0
100.0

TABLE

131.6

OUTSTANDING FARM NON-REAL—ESTATE DEBT» JANUARY 1
PERCENTAGE OF TOTAL FARM DEBT INCLUDING CCC LOANS
DEBT

DEBT I N C L U D I N G
CCC LOANS
YEAR

EXCLUDING CCC LOANS

1 COOPERATIVE FARM CREDIT SYSTEM |
FARMERS
1
1
HOME
FEDERAL |
PRODUCTION
1
INTERMEDI—| A D M I N I S CREDIT
|
TOTAL
TRATION
ATE C R E D I T |
ASSOCIA1
BANKS
1
TIONS
1

I
|INDIVIDUALS
|
AND
|
OTHERS
1
1

TOTAL

CCC
LOANS

TOTAL

BANKS

1940.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
1948.
1949.

34.4
38.0
39.1
39.8
39.2
40.8
39.8
41.8
45.2
53.5

4.4

29.9
32.0
33.3
32.0
32.5
32.6
36.3
41.0
44.3
43.4

9.0
9.4
10.3
9.3
10.5
11.4
13.1
15.3
17.2
17.1

1.9
1.9
2.1
2.2
2.6
2.6
2.8
3.1
3.5
3.7

1.5
1.6
1.8
1.8
2.2
2.3
2.5
2.7
3.1
3.2

0.3
0.3
0.4
0.4
0.4
0.4
0.3
0.4
0.4
0.5

4.2
4.4
4 .6
5.3
5.9
5.4
5.2
4.8
4.0
3.0

14.9
16.2
16.2
15.1
13.5
13.2
15.2
17.8
19.5
19.5

1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.

55.2
53.2
54.5
55.0
54.3
53.3
52.0
49.2
49.1
53.1

13.8

41.4
46.9
50.5
47.7
40.2
40.7
42.1
41.1
43.2
42.6

16.5
19.3
21.3
19.8
16.3
16.6
17.6
17.0
17.7
17.6

3.5
3.9
4.4
4.2
3.6
3.6
3.8
3.9
4.7
5.1

3.1
3.5
3.6
3.7
3.2
3.3
3.4
3.6
4.3
4.7

0.4
0.5
0.5
0.5
0.4
0.3
0.3
0.3
0.3
0.4

2.8
2.5
2.1
2.1
2.2
2.4
2.2
2.2
2.1
1.7

18.6
21.1
22.7
21.5
18.1
18.2
18.6
18.0
18.7
18.3

1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.

51.2
51.0
51.2
51.7
51.1
48.7
47.9
47.6
47.0
45 .7

4.7
5.3

46.5
45.7
44.6
45.1
45.5
44.5
44.4

5.9
6.0
6.1
6.2
6.5
6.5
6.7
7.2
7.8
7.9

5.5
5.7
5.8
5.9
6.1
6.2
6.3
6.8
7.4
7.6

0.4
0.3
0.3
0.3
0.4
0.3
0.3
0.4
0.4
0.4

1.6
1.6
1.7
1.8
1.7
1.7
1.8
1.7
1.7
1.6

19.6
19.1
18.1
18.1
18.0
17.2
17.1
16.7
14.9
11.6

1970.
1971.
1972.
1973.
1974.
1975.
1976.
1977.

45.0
44.3
45.5
45.3
44.4
43.4
43.8
44.9

8.9
10.1
10.7
10.5
11.0
12.1
12.2
12.3

8.5
9.7
10.3
10.1
10.6
11.6
11.9
11.9

0.4
0.4
0.4
0.4
0.4
0.5
0.4
0.4

1.5
1.5
1.3
1.2
1.2
1.3
2.0
1.8

10.1
8.9
8.6
8.9
8.0
7.4
7.0
7.1

5.8
7.8

6 .6

8 .2
3.5

0.8

0.9

10.1

6.2

4.0
7.4
14.1

12 .6
10.0

8.1

6.0
10.5

3.0
5.3

44.0
40.4

19.5
19.1
18.7
19.1
19.3
19.0
18.9
19.4
19.6
19.3

5.0
3.4
3.8
2.7

39.9
40.9
41.7
42.5
43.3
43.0
43.4
43.9

19.5
20.4
21.1
21.9
23.2
22.3
22.2
22.7

6.6

6.5
5.6
4.2
3.5

1.0

0.4
0.4

1.0

o

2 .6

5




6.0

TABLE

24

131.7
OUTSTANDING FARM NON-REAL—EST ATE D E B T , JANUARY 1
EXCLUDING CCC LOANS
PERCENTAGE OF TOTAL FARM DEBT EXCLUDING CCC LOANS

YEAR

i
i
|
1
t
1
1
|
|
|

1940
1941
1942
1943..,..|
1944
|
1945
|
}946..
. . .|
1948
1949,

|

j
1950
j
1951
1952*..
J
1953
|
1 9 5 4 . . . . . |
1955.,,„.|
1956.*,..1
1957
|
1958
|
1959,....i
|
196/f
*
1962
i
1963
|
1 9 6 4 . . . . . |
1965
|
1966....,|
1967
|
1968
|
1969
|
j
1970
|
1971
|
1972
|
1973..... j
1974
|
1975
|
1976
|
1977
|
1




1 COOPERATIVE

TOTAL

»
1

BANKS

1
1
1
1

TOTAL

FARM C R E D I T SYSTEM

|
FARMERS
1
PRODUCTION
FEDERAL |
HOME
CREDIT
INTERMEDI-i ADMINISASSOCIAATE C R E D I T I
TRATION
TIONS
BANKS
1

1
I INDIVIDUALS
1
AND
1
OTHERS
1
I

31.3
34.0
35.3
34.7
34.9
35.5
37.6
41.3
44.7
48.2

9.4
10.0
10.9
10.1
11.3
12.4
13.6
15 .4
17.4
19.0

1.9
2.1
2.3
2.4
2.8
2.8
2.9
3.1
3.6
4.1

1.6
1.7
1.9
2.0
2.4
2.5
2.6
2.8
3.2
3.6

0.3
0.3
0.4
0.4
0.4
0.4
0.3
0.4
0.4
0.5

4.4
4.7
4.9
5.8
6.3
5.9
5.4
4.8
4.0
3.3

15.6
17.3
17.2
16.4
14.5
14.4
15.7
18.0
19.7
21.7

46.0
50.1
52.6
51.5
46.8
46.6
46.7
44.8
45.9
u
'i *o-

19.1
20.6
2 2 *2
21.4
19.0
19.0
19.6
18.4
18.6
19.6

4.1
4*2
4.5
4.6
4.2
4.1
4.2
4.3
5.0
5.7

3.6
3.7
4.0
4.0
3m7
3.7
3.8
3.9
4.6
5.3

0.5
0.5
0.6
0.6
0.4
0.4
0.4
0.3
0.4
0.4

3.2
2.7
2.2
2.3
2.6
2.7
2.4
2.4
2.3
1.9

21.6
22.6
23.7
23.2
21.0
20.8
20.6
19.6
19.9
20.4

48.8
48.3
47.7
48.3
48.2
46.4
46.0
46.2
45.3
42.7

20.4
20.1
20.0
20.4
20.5
19.8
19.6
19.9
20.2
20.3

6.:
6.3
6.5
6.6
6.9
6.8
6.9
7.4
8.0
8.4

3.8
6.0
6.2
6.3
6.5
6.5
6.6
7.0
7.7
8.0

0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4

1.7
1.7
1.9
1.9
1.8
1.8
1.8
1.7
1.7
1.7

20.6
20.1
19.4
19.4
19.0
18.0
17.7
17.1
15.4
12.2

42.0
42.3
43.3
43.7
43.8
43.2
43.6
44.3

20.5
21 .1
22.0
22.5
23.4
22.4
22.3
22.9

9.4
10.5
11.1
10.8
11.1
12.1
12.3
12.4

8.9
10.1
10.7
10.4
10.7
11.7
11.9
12.0

0.4
0.4
0.4
0.4
0.5
0.5
0.4
0.4

1.6
1.5
1.4
1.2
1.2
1.3
2.0
1.8

10.6
9.2
8.9
9.2
8.1
7.4
7.0
7.2

AGRICULTURAL

200

FINANCE

FARM LENDING O P E R A T I O N S

201.1A

210

SUMMARY OF

PRODUCTION C R E D I T
211.1A
212.1A
213.1A

220

FEDERAL LAND BANKS

LIFE

PERCENTAGE CHANGES I N

ASSOCIATIONS

FARM LENDING O P E R A T I O N S

(AGRICULTURAL L O A N S ,

(AGRICULTURAL L O A N S ) ,

EXCEPT AS NOTED)

1960-DATE

1964-DATE

26

(EXCEPT

II
28
. . . . . V

AS N O T E D )

LOANS OUTSTANDING
LOANS CLOSED
LOANS C L O S E D , 1 9 7 0 - D A T E , AND NEW MONEY LOANED
R E F I N A N C I N G , 1 9 7 0 - D A T E , AND REPAYMENTS, 1 9 6 5 - D A T E

it
32
33

INSURANCE COMPANIES

231.1A
232.1A
233.1A

SOURCE:

1977

AND E X P E R I E N C E OF NONBANK I N S T I T U T I O N S

LOANS O U T S T A N D I N G , 1 9 5 9 - D A T E
LOANS MADE, 1 9 5 9 - O A T E , AND NEW L O A N S ,
RENEWALS AND C O L L E C T I O N S , 1 9 6 0 - D A T E

221.1A
2 2 2 . 1A
223.1A
224.1A

230

NOVEMBER

DATABOOK—ANNUAL S E R I E S

FARM MORTGAGES O U T S T A N D I N G ,
FARM MORTGAGE A C Q U I S I T I O N S ,
FARM MORTGAGE D I S P O S I T I O N S ,

1952-DATE
1953-DATE
1953-DATE

"PRODUCTION C R E D I T A S S O C I A T I O N S — S E L E C T E D MONTHLY LOAN DATA" AND
"FEDERAL LAND BANKS—SUMMARY OF SELECTED MONTHLY LOAN D A T A ,
TECHNICAL S E R V I C E S D I V I S I O N , FARM C R E D I T A D M I N I S T R A T I O N ;
"MONTHLY S T A T I S T I C A L REPORT" AND "GROSS FLOW OF MORTGAGE LOANS
I N THE U N I T E D S T A T E S , " AMERICAN COUNCIL OF L I F E I N S U R A N C E .

DATA I N T H I S S E C T I O N ARE D E R I V E D
QUARTERLY B A S I S ARE P R E S E N T E D I N
DATABOOK.
I F ONLY Y E A R - E N D DATA
USE THE S E R I E S I N S E C T I O N 1 0 0 OF

FROM MONTHLY R E P O R T S .
S I M I L A R DATA ON A
S E C T I O N 2 0 0 OF THE "QUARTERLY S E R I E S "
ON OUTSTANDING LOAN VOLUME ARE R E Q U I R E D ,
T H I S VOLUME.

FOR PRODUCTION C R E D I T A S S O C I A T I O N S , DATA ON LOANS OUTSTANDING AND LOANS MADE
DO NOT INCLUDE RURAL HOME L O A N S , FARM-RELATED B U S I N E S S L O A N S , OR AQUATIC

AT PRODUCTION C R E D I T A S S O C I A T I O N S

AS OF DECEMBER

1976.

FOR A B R I E F D I S C U S S I O N OF THE ANALYTICAL VALUE OF THESE D A T A , S E E THE S E C T I O N
E N T I T L E D " L E N D I N G E X P E R I E N C E OF NONBANK I N S T I T U T I O N S " IN "OVERALL MEASURES OF
F I N A N C I A L P E R F O R M A N C E , " BY EMANUEL MELICHAR, A G R I C U L T U R A L F I N A N C E REVIEW *
FEBRUARY 1 9 7 7 , P P . 9 2 - 9 5 .




TABLE

26

201.1A
SUMMARY OF
PRODUCTION C R E D I T

YEAR

ANNUAL

PERCENTAGE

AMQUtil

L_

IN

ASSOCIATIONS

L__J

FARM L E N D I N G O P E R A T I O N S
FEDERAL

I
CHANGE
|
CHANGE FROM P R E V I O U S YEAR
I DURING YEAR|
I
IN
| L O A N S ! NEW |
I
IOUTSTANDINGIMADE |LOANS|RENEWALS|COLLECTIONS

J

CHANGES

I

CHANGE
|
DURING YEAR|

CHANGE

AND

EXPERIENCE

LAND BANKS
FROM

PREVIOUS

LIFE

INSURANCE

COMPANIES*

YEAR

CHANGE
|
CHANGE FROM
D U R I N G Y E A R | P R E V I O U S YEAR
IN
I LOANS I NEW
| REFINANCING!
IN
I.
O U T S T A N D I N G ! C L O S E D ! M O N E Y | 0 F F E D . LAND 1 R E P A Y M E N T S O U T S T A N D I N G I A C Q U I - I O I S P O AMOUNT
L
[ L O A N E D ! BANK LOANS I
AMOUNT
ISITIflNSKTTTnMS

1953.
1954.

****
****

****
****

****

****
****

****
****

****
****

****
**•*

****
****

****

****
****

11.
9.

0.
-1.

0.
4.

1955 • • • I
1956
1957
1958
1959 • • * |

****
****
****
****
****

****
****
*•**
****
****

****
****
****

****
****
****
****
****

****
****
****

****
****
****

I
1 9 6 0 •. • I
1961.
1962.
1963.
1964. ..I

****

****

****
****
****
****
****

****
****
****
****
****

****
****
****

****

****
****
***•
****
****

****

11.
9.
5.
3.
6.

24.
-0.
-21.
7.
15.

23.
3.
-5.
22.
-3.

9.
11.
12.
14.
8.

4.
10.
12.
10.
4.

****

****

****

10.
12.
9.
1.

11.
12.
14.
12.

8 .
11.
7.
6.

****
****
****
****
****

****
****

****
****
****
****
****

****
****
****
****
****

****
****
****
****
****

6.
6.
7.
12.
14.

-7.
19.
12.
40.
21.

-10.
19.
6.
22.
13.

13.
17.
17.
9.
17.

12.
16.
13.
12.
17.

13.
18.
10.
7.
20.

8.
12.
19.
22.
11.

9.
15.
9.
14.
11.

15.
16.
13.
9.
10.

****
****
****
****

25.
14.
-1.
-10.
9.

****
****

****

****
****

3.
3.
11.
3.

12.
9.
6.
4.
-1.

10.
-13.
—16.
—8 .
-30.

18.
-8.
-12.
6.
6.

18.
15.
8.
18.
21.

17.
14.
11.
25.
10.

16.
12.
11.
31.
9.

18.
18.
10.
13.
12.

16.
14.
18.
23.
5.

7.
10.
15.
20.
23.

****
53.
44.
42.
24.

-12.
41.
46.
47.
27.

****
123.
36.
20.
13.

-0.
25 *
25.
26.
6.

-2.
-1.
1.
6.
6.

-42.
53.
41.
43.
-1.

-23.
19.
15.
9.
-4.

13.
14.

11.
14.

8.
15.

20.
12.

15.
15.

19.
16.

4.
6.

24.
20.

11.
29.

7.
10.

5.
39.

-7.
31.

1965.
1966.
1967. ..I
1 9 6 8 . ••I
1969. ,.1
I
1970.
1971.
1972.
1973. ..I
1974. ..I
I
1975. ..I
1976. . . I
— L




****
****
****

7.
9.

TABLE

211.1A

PRODUCTION C R E D I T A S S O C I A T I O N S
LOANS O U T S T A N D I N G

| MILLIONS
I
OF
I
DOLLARS
| (YEAR-END)
|

YEAR

1
1959...
1
1960...
1
1961...
1
1962...
1
1963...
1
1964...
1
1965...
1
1966...
1
1967...
1
1968...
1
1969..,
1
1970...
1
1971...
1
1972...
1
1973..
1
1974..
1
1975..
1
1976..
...

|
l

AMOUNT

1
|

1




I CHANGE D U R I N G YEAR
1
I MILLIONS
PERCENT
OF
I
|
DOLLARS

NUMBER O F

|

BORROWERS

t
1 CHANGE D U R I N G YEAR
I THOUSANDS|
I(YEAR-END) |
PERCENT
1
1 THOUSANDS
1
1
1
I
j

AVERAGE

SIZE

1
1
1 CHANGE D U R I N G YEAR
.1 D O L L A R S
1.
I(YEAR-END)|
PERCENT
DOLLARS
1
1
1
1
1
|
j

5485.

******

*****

I
j

5861.

376.

6.9

2.8

I
|

6321.

460.

7.8

7.7

2.9

|
j

6897.

576.

9.1

281.5

12.5

4.7

I
j

7542.

645 .

9.4

t

288.2

6.7

2.4

|
j

7966.

424.

5.6

13.2

I

293.8

5.6

1.9

1
j

8844.

877.

11.0

444.

17.1

|

299.4

5.6

1.9

I
j

10161.

1318.

14.9

509.

16.7

I

306.5

7.1

2.4

|
j

11587.

1426.

14.0

310.

8.7

I

303.9

-2.5

—0.8

I
j

12704.

1117.

9.6

672.

17.4

I

301.2

-2.7

-0.9

I
j

15050.

2346.

18.5

801.

17.7

I

298.2

-3.0

-1.0

|
j

17891.

2841.

18.9

781.

14.6

1
I

303.8

5.7

1.9

I
j

20128.

2237.

12.5

519.

8.5

I

308.7

4.8

1.6

1
j

21496.

1369.

6.8

1218.

18.4

I

311.9

3.2

1.0

I
|

25180.

3683.

17.1

1649.

21.0

I

323.8

11.9

3.8

|
j

29344.

4164.

16.5

1240.

13.0

I

328.7

4.9

1.5

1
|

32682.

3338.

11.4

1455.

13.5

I

335.6

7.0

2.1

!

36338.

3656.

11.2

250.1

******

*****

I
j

254.2

4.1

1.6

10.8

I

261.3

7.1

203.

12.3

I
j

269.0

268.

14.5

1

173.

8.1

302.

******

*****

118.

8.6

161.

1

1

27

TABLE

212.1A
PRODUCTION CREDIT A S S O C I A T I O N S
L O A N S MADE AND NEW LOANS

YEAR

1
1
1

1

1 MILLIONS
OF
1
1
DOLLARS

|
|
|

LOANS

1
-.1
1

CHANGE FROM
P R E V I O U S YEAR
MILLIONS
OF

PERCENT

1
| DOLLARS.

NEW

AS

P E R C E N T A G E OF

LOANS O U T STANDING*

COLLECTIONS

MILLIONS
OF
DOLLARS

LOANS

1

CHANGE FROM
|
P R E V I O U S YEAR
1.
| MILLIONS
OF
1
PERCENT
1 DOLLARS

AS

P E R C E N T A G E OF

LOANS O U T STANDING*

COLLECTIONS

1 9 5 9 . . . , •1

2515.

******

*****

*****

*****

******

******

*****

*****

*****

I 9 6 0 . . . . .1

2607.

92.

3.7

190.1

148.3

1879.

******

*****

136.9

106.8

1 9 6 1 . . . . .1

2869.

262.

10.0

192.5

151.2

2062.

183.

9.8

138.4

108.7

1 9 6 2 . . . . .1

3217.

348.

12.1

194.8

152.9

2312.

250.

12.1

140.0

109.8

1 9 6 3 . . . . •1

3551.

333.

10.4

191.4

158.1

2518.

206.

8.9

135.7

112.1

1 9 6 4 . . . . .1

3705.

154.

4.3

174.5

156.2

2549.

31.

1.2

120.0

107.5

1 9 6 5 . . . . .1

4136.

430.

11.6

180.1

160.1

2889.

340.

13.3

125.8

111.8

1 9 6 6 . . . . •1

4813.

678.

16.4

185.2

162.0

3419.

530.

18.3

131.6

115.1

1 9 6 7 . . . . .1

5428.

615.

12.8

178.4

167.0

3766.

348.

10.2

123.8

115.9

1 9 6 8 . . . . .1

6053.

625.

11.5

170.5

162.9

4020.

254.

6.7

113.2

108.2

1 9 6 9 . . . . • 1

7077.

1024.

16.9

183.3

171.0

4823.

803.

20.0

124.9

116.5

1 9 7 0 . . . . .1

8277.

1199.

16.9

182.6

172.5

5608.

786.

16.3

123.7

116.9

1 9 7 1 . . . . .1

9421.

1145.

13.8

176.6

172.7

6269.

661.

11.8

117.5

114.9

1 9 7 2 . . . . •1

10439.

1017.

10.8

170.7

162.5

6976.

707.

11.3

114.1

108.6

1 9 7 3 . . . . •1

13028.

2590.

24.8

196.4

165.1

9123.

2147.

30.8

137.5

115.6

1 9 7 4 . . . . • 1

14359.

1331.

10.2

182.8

173.6

9981.

858.

9.4

127.1

120.6

1 9 7 5 . . . . .1

15997.

1638.

11.4

168.4

168.4

10748.

767.

7.7

113.1

113.1

1 9 7 6 . . . . .1

18256.

2259.

14.1

170.0

167.7

12369.

1621.

15.1

115.2

113.6

I

1

1

1
1

1

1

1

1
1

1

1

1

1
I

1

I

1

*

MADE

O U T S T A N D I N G L O A N S AT

•NEW

LOANS™

ARE




END OF

COMPUTED AS

PRECEDING YEAR.

LOANS

MADE L E S S

RENEWALS.

RENEWALS

INCLUDE

SOME N O N A G R I C U L T U R A L

LOANS

(SEE

NOTE

ON

PAGE

25)

TABLE

213.1A

PRODUCTION CREDIT A S S O C I A T I O N S
R E N E W A L S AND C O L L E C T I O N S

C H A N G E FROM
P R E V I O U S YEAR

1
YEAR

|

MILLIONS

1
|

OF
DOLLARS

ILOANS O U T I STANDING*

LOANS
MADE

COLLECTIONS
AND
RENEWALS

OF
DOLLARS

OF

LOANS
OUTSTANDING*

1759.

******

*****

128.2

807.

78.

10.7

54.2

28.1

29.8

1897.

138.

7.9

127.3

906.

99.

12.2

54.8

28.2

30.1

2105.

208.

11.0

127.4

1033.

127.

14.0

55.7

29.1

31.5

2247.

142.

6.7

121.1

1156.

123.

11.9

54.4

31.2

32.8

2372.

126.

5.6

111.7

1247.

91.

7.9

54.3

30.2

32.5

2584.

212.

8.9

112.5

148.

11.9

53.7

29.0

31.9

2971.

387.

15.0

114.3

267.

19.1

54.6

30.6

33.8

3250.

279.

9.4

106.8

371.

22.3

57.3

33.6

35.4

3715.

465.

14.3

104.6

221.

10.9

58.4

31.9

35.3

4140.

425.

11.4

107.2

414.

18.4

58.9

32.2

35.7

4799.

659.

15.9

105.9

484.

18.1

59.1

33.5

36.6

5456.

658.

13.7

102.3

311.

9.9

56.6

33.2

35.0

6423.

967.

17.7

105.0

442.

12.8

58.9

30.0

33.1

7892.

1469.

22.9

118.9

472.

12.1

55.7

30.5

34.6

8273.

381.

4.8

105.4

871.

19.9

55.2

32.8

35.6

9501.

1228.

14.8

100.0

638.

12.1

54.8

32.2

35.1

10888.

1387.

14.6

101.4

1

1967...,
1

1968....
1

1969...,
1

1970...,
1

1971...,
1

1972...
1

1973...
1

1974...
1

1975...
1

1976...

1

1

AND

I
I
I

29.3

1966....

RENEWALS

I1
I1 M I L L I O N S
OF
11
11
DOLLARS

1
AS
I PERCENTAGE

28.0

1

OUTSTANDING

C H A N G E FROM
P R E V I O U S YEAR

53.1

1962.... .|

•

1|
II

*****

1

1965....,.|

MILLIONS

OF

******

1961.... .|

1

PERCENTAGE

729.

1

1964.... .|

AS

PERCENT

1
I 9 6 0 . . . . .1

1

1

1

I

1

1

MILLIONS
OF
nni i ARS

1

1 9 6 3 . . . . .1

COLLECTIONS

RENEWALS

1
|

LOANS

AT

END

COLLECTIONS




OF

PRECEDING

INCLUDE

SOME

YEAR.

NONAGRICULTURAL

LOANS

(SEE

NOTE

ON

PAGE

2 5 ) .

PERCENT

1

TABLE

30

221.1A
F E D E R A L LAND BANKS
LOANS OUTSTANDING

YEAR

1964...

AMOUNT
1
1
1 M I L L I O N S | CHANGE D U R I N G YEAR
1
OF
|.
1
DOLLARS | M I L L I O N S
1(YEAR-END)|
OF
PERCENT
1
1
DOLLARS
1
******
*****
|

1965...
j
1966...
j
1967...
j
1968...
|
1969...
|
1970...
1971...

|
|

1972...
|
1973...
j
1974...
j
1975...
j
1976...




NUMBER OF

LOANS

1 CHANGE D U R I N G
THOUSANDS | .
1(YEAR-END)|
1

J

1
1

1 THOUSANDS
1

PERCENT

380.6

******

*****

1
1
1
1
i

YEAR

563.

15.1

1
j

384.2

3.6

0.9

677.

15.8

1
|

389.7

5.5

1.4

651.

13.1

1
j

395.6

5.9

1.5

517.

9.2

1
j

398.3

2.7

0.7

568.

9.6

402.4

4.1

1.0

473.

7.0

1
j
1
1
j

404.2

1.8

0.4

731.

10.2

1
I

404.6

0.4

0.1

1175.

14.8

1
|

407.6

3.0

0.8

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1855.

20.4

1

414.8

7.1

1.8

2509.

22.9

1

429.2

14.5

3.5

2557.

19.0

1

442.8

13.5

3.2
1.8

1
1

15.7

1
1

450.8

8.1

AVERAGE

SIZE

1
1 CHANGE D U R I N G YEAR
|
1 DOLLARS
1(YEAR-END) |
DOLLARS
PERCENT
1
1
1
1

1
1
1
1
1
1

2510.
1

1
1

i

9766.

******

*****

11139.

1373.

14.1

12718.

1579.

14.2

14175.

1457.

11.5

15377.

1202.

8.5

16681.

1304.

8.5

17778.

1096.

6.6

19568.

1790.

10.1

22304.

2736.

14.0

26393.

4089.

18.3

31349.

4956.

18.8

36166.

4817.

15.4

41088.

4922.

13.6

TABLE

222.1A

FEDERAL LAND BANKS
LOANS CLOSED

1
I MILLIONS
1
OF
I
DOLLARS
1
1

YEAR

, ;

1965.... .|
1966...
1967...
1968...
1969...

1

1
. , |
1
.,, |
1
.
1
, , |

CHANGE FROM
P R E V I O U S YEAR

AVERAGE

NUMBER OF LOANS

CHANGE FROM
1
1
P R E V I O U S YEAR
1
1
I THOUSANDS 1.
1
1
PERCENT
1
1 THOUSANDS
1
1

I DOLLARS

|
|
1
1
|

SIZE

CHANGE FROM
P R E V I O U S YEAR

MILLIONS
OF
DOLLARS

PERCENT

* * * * * *

******

*****

I

54.8

******

* * * * *

j

******

******

*****

******

******

*****

|

58.4

3.7

6.7

|

******

******

*****

******

******

*****

|

54.0

-4.4

-7.6

|

******

******

*****

******

******

*****

1

48.5

—5 . 5

-10.2

j

******

******

* * * * *

******

*****

I

40.8

-7.7

-15.8

j

******

******

*****

******

*****

I

38.4

-2.5

—6.0

|

******

******

*****

******

*****

I

32.2

—6.2

-16.1

1

31571.

******

*****

538.

52.9

I

41.1

8.9

27.5

I

37870.

6299.

20.0

683.

43.9

I

50.3

9.3

22.6

I

44458.

6588.

17.4

931.

41.6

I

57.8

7.5

14.9

I

54802.

10345.

23.3

771.

24.3

|

62.4

4.6

7.9

I

63118.

8316.

15.2

279.

7.1

|

58.6

-3.9

—6. 2

I

72056.

8937.

14.2

366.

8.7

I

57.7

-0.9

-1.5

|

79480.

7425.

10.3

1
1964....

|

AMOUNT

1
|

******

1
1970....
1
1971...,
1
1972...,
1
1973...,
1
1974...
1
1975...
1
1976...
1




DOLLARS

PERCENT

1

TABLE

223.1A
LOANS

YEAR

1964.... .|

1
1
1

LOANS CLOSED

1 MILLIONS
1
OF
DOLLARS
1

1
1
1

CHANGE FROM
P R E V I O U S YEAR

*

|
|

NEW MONEY LOANED

AS

PERCENTAGE

OF

1

1 MILLIONS
1
OF
1
DOLLARS

1
CHANGE FROM
1I
P R E V I O U S. YEAR
|1
I1 M I L L I O N S
OF
1
PERCENT
1
DOLLARS

1
1

1

AS

PERCENTAGE

OF

MILLIONS
OF

PERCENT

******

******

*****

*****

*****

1

707.

******

*****

*****

*****

******

******

*****

*****

*****

1

887.

180.

25.5

23.9

273.3

******

******

*****

*****

*****

1

1012.

125.

14.1

23.6

301.9

******

******

*****

*****

*****

1

998.

—15 .

- 1 . 4

20.1

288.2

******

******

*****

*****

*****

1

902.

-95.

-9.5

16.1

234.3

******

******

*****

*****

*****

1

986.

84.

9.3

16.1

247.5

1017.

******

*****

15.1

255.6

1

871.

—116.

-11.7

13.0

218.9

1555.

538.

52.9

21.6

312.0

1

1229.

358.

41.2

17.1

246.6

2238.

683.

43.9

28.3

360.4

1

1796.

567.

46.1

22.7

289.2

3169.

931.

41.6

34.9

404.3

1

2639.

843.

47.0

29.0

336.7

3940.

771.

24.3

36.0

474.5

1

3340.

701.

26.5

30.5

402.2

4219.

279.

7.1

31.4

458.5

1

3478.

138.

4.1

25.8

377.9

4585.

366.

8.7

28.6

386.9

1

3696.

218.

6.3

23.1

311.8

DOLLARS

|
1965.... .|
|
1966.... .|
|
1967.... .|
|
1968.... .|
|
1969.... .|
|
1 9 7 0 . . . . .1
|
1 9 7 1 . . . . .1
|
1 9 7 2 . . . . .1
|
1 9 7 3 . . . . .1
|
1 9 7 4 . . . . .1
|
1 9 7 5 . . . . .1
|
1 9 7 6 . . . . .1
1

F E D E R A L LAND BANKS
C L O S E D AND NEW MONEY LOANED

O U T S T A N D I N G LOANS AT




END OF

PRECEDING YEAR.

I

LOANS O U T STANDING*

REPAYMENTS

1
1

1 LOANS O U T 1 STANDING*
|

REPAYMENTS

TABLE 2 2 4 . 1 A

FEDERAL LAND BANKS
R E F I N A N C I N G AND REPAYMENTS
R E F I N A N C I N G OF FEDERAL LAND BANK LOANS

MILLIONS
OF
DOLLARS

YEAR

.|1
1
|
1
|
1967....
1
|
1
|
1969....

1965....

******
******
******
******
******

1
1970.... .|
1971.... .|

146.
1

1972.... .|

1

1
1 9 7 3 . . . . .1
1
1 9 7 4 . . . . .1
1
1975.... . I
1
1976.... .|

*

CHANGE FROM
P R E V I O U S YEAR
|
I
I

MILLIONS
OF
DOLLARS

PERCENT

******
******
******
******
******
******

*****
*****
*****
*****
*****
*****

LOANS O U T STANDING*

LOANS
CLOSED

REFINANCING
AND

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

2.2

14.4

MILLIONS
OF
DOLLARS

REPAYMENTS

|
|

CHANGE FROM
P R E V I O U S YEAR

I
| MILLIONS
|
OF
>
DOLLARS

******

325.

PERCENT

*****

I
AS
|PERCENTAGE
| OF LOANS
|
OUT| STANDING*

_L
8.7

335.

11.

3.3

7.8

346.

11.

3.3

7.0

385.

39.

11.3

6.9

399.

13.

3.5

6.5

26.8

398.

-1.

-0.2

5.9

123.2

4.5

21.0

39.5

498.

101.

6.9

180.

25.3

326.

35.7

5.6

19.8

41.6

621.

123.

7.8

116.

24.6

442.

19.8

5.8

16.7

40.3

784.

163.

8.6

88.

26.2

530.

13.3

5.5

15.2

42.0

830.

47.

7.6

70.

6.0

600.

23.5

5.5

17.6

44.6

920.

10.8

6.8

141.

90.

742.

19.9

5.6

19.4

42.9

1185.

265.

7.4

148.

28.8

890.

OUTSTANDING LOANS AT END OF

PRECEDING Y E A R .

5S15SSS S/SS&rS




AS PERCENTAGE OF

L E

°™°-

SECTION

230

LIFE
TABLE

1

INSURANCE

231.1A

TABLE

FARM MORTGAGES

.J

I

REPORTING

TO

THE

MILLIONS
OF
DOLLARS

1
1
1

MORTGAGE

ACQUISITIONS

C H A N G E FROM
P R E V I O U S YEAR

1 MILLIONS
1
OF
_ L
DOLLARS
ALL

9
9
9
9
9
9
9
9

5
5
5
5
5
5
5
5

2 . . . |
3 . . . |
4 . . . |
5 . . . |
6 . . . |
7 . . . |
8 . . . |
9 . . . |
j

1685.
1872.
2046.
2264.
2470.
2585.
2667.
2826.

*****

*****

******

187.

11.1
9 . 3
10.7
9 . 1
4 . 7
3.2
6 . 0

417.

I
1
1
1
1

9
9
9
9
9

6
6
6
6
6

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

1
1
1
1
1

9
9
9
9
9

6
6
6
6
6

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|

2983.
3170.
3400.
3792.
4304.
4823.
5240.
5569.
5803.
5773.

157.
187.
230.
392.
512.
519.
417.
329.
234.
- 3 0 .

12.1
8 . 6
6.3
4 . 2
- 0 . 5

1047.
1149.
994.
837.
772.
540.

1 9 7 0 . . . |
1 9 7 1 . . . |
1 9 7 2 . . . |

5649.
5601.
5678.

- 1 2 4 .
- 4 8 .
77.

5996.
6327.
6753.

314.
503.
700.

-226.

1 9 7 3 . . . |
1 9 7 4 . . . |
1 9 7 5 . . . |

- 2 . 1
—0 . 8
1.4

318.
331.
426.

5 . 6
5.5
6.7

1 9 7 6 . , . |

1006.
1007.
1075.

7418.

665.

9.8

1540.

|

-J..

|

5
6
7
11
13

. 6
. 3
. 3
.5
.5

.
.
.
.
.
.

467.
555.
619.

866.

FARM

MORTGAGE

2 4 . 7

- 4 .
100.

- 1 . 0
24.2
—0.4
- 2 0 . 5
7 . 4
15.4

2
2
2
1
1
1

- 7 . 2
18.8
11.5
39.9
20.9
9 . 7
- 1 3 . 5

16.5
18.6
19.5
2 5 . 5
2 7 . 6

—36.

88.

64 .
247.

181.
102.

*

..I
e.l
..I
..I
..I

OUTSTANDING

5714.
5591.
5551.
5630.
5942.
6273.
6697.
7334.

AMOUNT




AT

*****

*****

- 1 2 4 .
- 4 0 .
79.
312.
330.
424.
637.

-2.2

END

OF

******
314.
481.
676.
964.
958.
1007.
1402.

- 0 . 7
1.4
5.5
5.6

6.8
9.5

PRECEDING

YEAR.

.
.
.
.
.
.

1
1
6
4
9
9

310.
368.
389.
474.
535.
630.
577.

1
1
1
j

508.
538.
570.

306.
1.

1
1
1

4 3 . 7
0.1
6.8

17.7
16.8
17.0

465.

4 3 . 3

22.8

68.

*****
*****

166.
195.

288.
—6.
4 9 .
395.

IN

*****
*****
53.0
40.6
4 2 . 6
—0.6
5.2
39.3

THE

7
6
0
9
3

1
1
1
1
1
1
1

5 . 4
8 . 9
12.5

189.
197.

LOANS
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.

2
5
2
6
6
8

UNITED

****
5.5
8 . 6
12.2
17.1
16.1
16.1
2 0 . 9

******
230.
239.
295.
305.
291.
354.
344.

- 4 1 . 9
60.2
39.2

- 1 5 . 8
—7.8

1
I
|
1
1
-1—

1
1
1
1
1
1
1
|

- 3 0 . 1

.
.
.
.

MILLIONS
OF
DOLLARS

i
|

****

2 6 .
2 0 .
16.
13.
9 .

- 1 5 5
- 1 5 7
—65
- 2 3 2

FARM

MORTGAGE

DISPOSITIONS

C H A N G E FROM
P R E V I O U S YEAR
MILLIONS
OF
DOLLARS

PERCENT

1
AS P E R C E N T A G E OF
1
A A 1* A
1 MORTGAGES
1
1
1

OUTSTANDING*

LOANS

*****
*****

-2.

233.1A

1

*****
*****

- 1 0 5 .
30.
67.

34

INSURANCE

*****
*****

*****
*****

****

9.
56.
10.
- 1 4 .
63.
- 1 0 .

3 . 9
23.4
3 . 4
- 4 . 6

12.8
11.8

21.6
- 2 . 8

13.7
12.9

- 9 . 9
18.7
5 . 7
21.9
12.9
17.8
- 8 . 4

1
1
1
1
1

- 3 4 .
58.
21.
85.
61.
95.
- 5 3 .
- 6 9 .
30.

13.6

14.4
13.5

11.0
2
2
3
4
4

.3
.3
.9
.1
.6

12.0

32.

- 1 2 . 0
5 . 9
5 . 9

438.
551.
623.

- 1 3 2 .
113.
72.

- 2 3 . 2
25.8
13.1

1
1
1

688.
676.
649.

65.
- 1 2 .
- 2 7 .

10.4
- 1 . 7
- 4 . 0

11.3
10.3

1
1

875.

226.

£

|
|
|

82.
159.

3
3
1
6
6
3

OUT|
STANDING*!

1
1

LIFE

13.0

******

*****
*****

*****
*****

83.
76.
54.
- 2 4 .
- 4 4 .
183.

18.9
14.7
9 . 1
- 3 . 7
- 7 . 1
31.4

00

1
1
1
1
1
1
1
1

41
51
51
40
43
50

OF

|
1

1
AS P E R - |
1 CENTAGE 0 F |
1 MORTGAGESI

PERCENT

I

.
.
.
.

COUNCIL

TABLE

FARM

DOLLARS

174
218
206
115

AMERICAN

232.1A

OUTSTANDING

1
1
1 MILLIONS
|
C H A N G E D U R I N G YEAR
1
OF
|
1
DOLLARS 1 M I L L I O N S
1(YEAR-END)!
OF
PERCENT

YEAR

COMPANIES

9 . 7
9.7
9.8
7.6
9.8

11.1
12.1

STATES
1
|
1
1
1
1
1
1
1
1

438.
521.
597.
651.
627.
583.
765.

****
7 . 7
9 . 3

10.8
11.6
10.6

9 . 3
11.4

AGRICULTURAL FINANCE

400

410

DATABOOK—ANNUAL

SERIES

NOVEMBER

1977

I N T E R E S T RATES ON FARM DEBT

AVERAGE RATES ON OUTSTANDING
411.1

MORTGAGE D E B T ,

SERVICE,




U.S.

DEBT

1910-DATE,

AND NON-REAL—ESTATE D E B T ,

DEPARTMENT OF A G R I C U L T U R E •

1940-DATE....36

TABLE

4 1 1 . 1

36
AVERAGE

INTEREST

1

YEAR

MORTGAGE

1
1
1

ALL

1
|

1

LENDERS

1

1

1
1

191 0

1
1
|

6 . 0

191 1

|

6 . 0

191 2

|

6 . 1

191 3

|

6 . 1

191 4

|

6 . 1

1915

1
|

6 . 1

1 9 1 6 . . . . . |

6 . 2

1 9 1 7 . . . . » |

6.1

1918

|

1 9 1 9 . . . . . |

RATES

FEDERAL
LAND
BANKS**

LIFE

***
***
***
***
***
***
***
***

1
1

COMPANIES|

LENDERS

6 . 1

5 . 5

***
***
*•*
***

5 . 6
5 . 7
5 . 7
5 . 8
5 . 8

***
•••
***
***
***

6 . 1

5 . 0

6 . 1

5 . 3

5 . 7
5 . 6

5 . 4

5 . 8

6 . 2

***
***
***
***

192 0

|
|

6 . 1

192 1
192 2

1
|

6 . 2

5 . 4

5 . 8

6 . 3

5 . 5

192 3

|

6 . 0

6 .4

5 . 6

192 4

|

6 . 0

6 . 3

5 . 6

5 . 9

192 5

1
|

6 . 3

5 . 6

5 . 9

192 6

|

6 . 2

5 . 6

192 7

|

5 . 9

6 . 1

5 . 5

5 . 8

***
***
***
***
***

DEBT

(PER

CREDIT
BANKS

INDIVIDUALS

LANEOUS

6 . 2

6 . 0

6 . 5

6 . 3

6 . 0

6.5

6 . 3

6 . 0

6.5

6 . 4

6 . 1

6.5

6 . 4

6 . 0

6 . 5

6 . 4

6 . 1

6.5

6 . 5

6 . 1

6 . 5

6 . 5

6 . 1

6.5

6 . 4

6 . 1

6 . 4

6 . 4

6 . 1

6 . 4

6 . 5

6 . 1

6 . 3

6 . 6

6 . 1

6 . 4

6 . 9

6 . 2

7 . 0

6 . 3

6 . 6
6 . 7

7 . 0

6 . 3

6 . 7

6 . 9

6 . 3

6 . 6

6 , 8

6 . 3

6 . 6

6 . 7
6 . 6

6 . 3
6 . 2

6 . 4
6 . 3

6 . 6

6 . 2

6 . 2

192 8

|

6 . 1

5 . 4

|

5 . 8

6 . 0

5 . 4

5 . 7

193 0

|

6 . 0

5 . 4

193 1

|

5 . 7

6 . 0

6 . 2

5 . 4

6 . 5

5 . 6

6 . 1

6 . 1

6 . 0

6 . 2

5 . 4

6 . 6

5 . 6

6 . 1

6 . 2

6 . 1

6 . 6

1 9 3 2 . . . . . |

DEBT*

PRODUCTION
MISCEL-

192 9

|

CENT)

LENDERS

COMRTNFD

5 . 5
5 . 6

FARM

NON-REAL--ESTATE
OTHER

OTHER

1

OUTSTANDING

DEBT

INSURANCE|
---

•

ON

BANKS

ASSOCIATIONS

***
***
***
***
***

***
***
***
***
***

***
***
***
***
***

***
***
***
***
***

***
***
***
***

***
***
***
***
***

***
***
***
***
***

***
***
***
***
***

***
***
***
***
***

***
***
***
***
***

***
***
***
*•*
***

***
***
***
***
***

5 . 3

193 3

|

6 . 0

5 . 4

6 . 1

|

5 . 6

6 . 1

193 4

5.8

6 . 2

4 . 5

6 . 6

6 . 1

5 . 6

6 . 1

6 . 1

6 . 5

6 . 0

6 . 1

|

5.5

4 . 6

5 . 6

6 . 0

5.1

3 . 9

6 . 3

5 . 9

5 . 6

6 . 0

|

5 . 8

4 . 9

4 . 0

6 . 2

5.8

193 8

|

5 . 5

5 . 8

4 . 7

3 . 7

5 . 3

5 . 6

5.6

|

5 . 7
5 . 6

6 . 0

193 9

4 . 6

5 . 8

3 . 7

5 . 5

5 . 1

5 . 4

5 . 4

5 . 7

5 . 3

5 . 3

|

4 . 6

3 . 7

4 . 9

5 . 3

5 . 2
5 . 2

5 . 1
4 . 9

5 . 1
5 . 0

4 . 8

***
***
***

4 . 6

7 . 1

5 . 2

5 . 0

4 . 4

6 . 6

5 . 3

|

1935
1 9 3 6 . . . . . |
193 7

194 0

|

194 1

|

4 . 5

3 . 5

194 2
194 3

|
|

4 . 8

5 . 2

4 . 4

5 . 5
5 . 5

3 . 5

4 . 8

5 . 1

4 . 4

5 . 4

3 . 5

194 4

|

4 . 7

5 . 0

4 . 4

3 . 5

4 . 5

4 . 9

5 . 4
5 . 3

1




5 . 5
5 . 2

TABLE 4 1 1 * 1

i
I
11
YEAR
1
i
!
1
i
1945.
1
1 9 46
I
1 9 47
1
1946
1
1949
1
1
19DO.*.**I
19!>1* • • • • 1
1952
!
195 3
1
1 9 54
1
1
1955.....I
195 6
1
195 7
1
1958.... . i
1959
1
1
1 9 60
1
196 1
1
196 2
I
1 9 63
1
1 9 64
I
1
1965. . . . 1
1966.....1
1 9 67
1
196 8
I
196V.....1
1
1 9 70
1
197 1
1
197 2
1
1 9 73
1
1974.....1

AVERAGE INTEREST RATES ON OUTSTANDING FARM DEBT

CENT)
INON-REAL- -ESTATE DEBT*

MORTGAGE DEBT
1
LENDERS

11'

(Of:
o
.-i f ?

DI™

(PER

™




f
1
i

FEDERAL
LAND
BANKS**

1
LIFE
|
INSURANCE 1
COMPANIES I
1

OTHER LENDERS
OTHER
LENDERS

BANKS

INDIVIDUALS

MISCELLANEOUS

|

BANKS

PRODUCTION
CREDIT
ASSOCIATIONS

4.5
4.6
4.5
4.5
4.5

4.1
4.2
4 2
4.1
4.1

4.5
4.4
4.4
4.3
4.3

4.8
4.8
4.7
4.7
4.6

5.2
5.2
5.1
5.1
5.0

4.9
4.9
4.7
4.6
4.6

4.2
4.3
4.3
4.3
4.3

|
|
|
|
I

6.3
6.1
6.2
6.2
6.4

5.4
5.4
5.4
5.7
6.1

4.5
4.5
4.6
4.6
4.6

4.1
4.1
4.1
4.1
4.1

4*3
4.3
4.4
4.4
4.5

4.7
4.7
4.8
<.8
4.8

5.0
5.1
5.2
5.2
5.3

4.6
4.6
4.7
4.7
4.7

4.4
4.5
4.5
4.6
4.6

I
|
|
j
|

6.4
6.4
6.5
6.6
6.4

6.1
6.2
6.5
6.5
6.4

4.7
4.7
4.7
4.8
4.9

4.1
4.1
4.1
4.2
4.4

4.5
4.6
4.6
4.7
4.8

4.9
4.9
5.0
5.0
5.1

5.3
5.3
5.4
5.5
5.6

4.8
4.8
4.9
4.9
4.9

4.6
4.6
4.8
4.9
5.0

|
|
|
|
|

6.4
6.5
6.7
6.7
6.8

6.1
6.2
6.7
6.8
6.6

5.0
5.1
5.2
5.3
5.3

4.6
4.8
4.9
5.0
5.1

5.0
5.1
5.2
5.3
5.4

5.1
5.2
5.2
5.3
5.3

5.7
5.8
5.9
6.0
6.0

4.9
4.9
5.0
5.1
5.1

5.1
5.3
5.2
5.3
5.4

I
|
1
|
|

6.8
6.8
7.0
6.9
6.7

7.3
6.6
6.4
6.3
6.5

5.4
5.4
5.4
5.6
5.7

5.2
5.2
5.4
5.6
5.7

5.5
5.5
5.6
5.7
5.8

5.4
5.4
5.4
5.5
5.6

6.0
6.0
6.0
6.2
6.3

5.1
5. 1
5.1
5.2
5.2

5.4
5.5
5.6
5.9
5.9

|
1
I
I
|

6.7
6.8
7.0
7.3
7.8

6.6
6.9
7.3
7.4
7.8

5.8
6 .0
6.2
6.4
6.6

6.0
6*4
6.5
6.6
7.0

5.9
6.0
6.2
6.4
***

5.7
5.8
6.0
6.2
***

6.5
6.7
7.1
7.4
***

5.3
5.4
5.5
5.6
***

6.2
6.2
6.9
7.1
***

|
I
|
|
1

8.1
7.9
7.8
8.4
9.2

9.0
7.4
7.1
8.1
9.4

7.3
***

7.8
***

***
***

***
***

***
***

***
***

*•*
***

|
|

8.8
8.9

8.8
8.2

% % %

« » »

« » , g . =

e

0 = , ™ , , , ™ ,

AGRICULTURAL F I N A N C E

500

DA TABOOK—ANNUAL S E R I E S

BALANCE S H E E T AND A S S E T S

510

BALANCE S H E E T ,

511

CURRENT

511.1
511.2
511.3
511.4

512

IN

512.1
512.2
512.3
512.4

520

MAJOR A S S E T S

522

IN

522.1
522.2
522.3
522.4

4 0

531.1
531.2

PRICES

AMOUNTS
CHANGE DURING YEAR
PERCENTAGE CHANGE DURING YEAR
PERCENTAGE D I S T R I B U T I O N

P R I C E DEFLATORS FOR A S S E T S

INDEX, 1 9 6 7 = 1 0 0
PERCENTAGE CHANGE DURING YEAR




(CONTINUED)

I
..

DOLLARS

AMOUNTS
CHANGE DURING YEAR
PERCENTAGE CHANGE DURING YEAR
PERCENTAGE D I S T R I B U T I O N

IMPLICIT

1940-DATE

I
Y E A R . . . . . . . . . . . . . . . . . . . . . . . . . X

AMOUNTS
CHANGE DURING YEAR
PERCENTAGE CHANGE DURING YEAR
PERCENTAGE CHANGE DURING PREVIOUS

1967

1,

DOLLARS

CURRENT DOLLARS

521.1
521.2
521.3
521.4

JANUARY

1977

AND CLAIMS

ASSETS

521

530

OF THE FARMING S E C T O R ,

AMOUNTS
CHANGE DURING YEAR
PERCENTAGE CHANGE DURING
PERCENTAGE D I S T R I B U T I O N

1967

NOVEMBER

*
F I V E YEARS

IXJ41
***42
II43

AGRICULIUXAL

FINANCE

SCO

SHEET AND A S S E T S

5«.0

BALANCE

IMPLICIT
541.1
5*?.l
b',3.1
544.1
545.1

SOURCES

NET

DATABOOK—AWIUAL

NOVEMBER 1 9 7 7

SERIES

OF THE FARMING SECTOR

INVESTMENT,

CAPITAL G A I N S ,

(CONTINUED)

AND RELATED DATA

CHANGES I N A S S E T S , L I A B I L I T I E S , AND NET WORTH
I M P L I C I T N E T INVESTMENT AND I N T E R - S E C T O R TRANSFERS
I M P L I C I T NOMINAL C A P I T A ! GAINS
•
I M P L I C I T REAL C A P I T A L G A I N S
C A P I T A L G A I N S COMPARED WITH FARM CASH FLOW AND N E T INCOME

BALANCE SHFET OF THE rARMING S E C T O R ,
NATIONAL ECONOMIC A N A L Y S I S D I V I S I O N ,
U . S . DEPARTMENT OF A G R I C U L T U R E .

58
59
60
62

SECTOR PERFORMANCE M E A S U R E S ,
ECONOMIC RESEARCH S E R V I C E ,

DO NOT CONFUSE BALANCE S . l c E T DATA I N CONSTANT S f l H A & S ( T A B L E 5 1 2 . 1 ) WITH A S S E T
DATA I f ; CONSTANT P R I t ^ S ( T A B L E 5 2 2 . 1 ) .
THE FOOTNOTES TO THESE T A B L E S E X P L A I N
THE D I F F E R E N C E .
NOTE THAT USE OF THE TERMS "CONSTANT D O L L A R S " AND "CONSTANT
P R I C E S " 1 3 HIGHLY U S E F U L I N D I F F E R E N T I A T I N G BETWEEN THESE TWO C O N C E P T S .
BE
A™ARE, HOWfcVcR, THAT T H I S HELPFUL D I S T I N C T I O N I S NOT CURRENTLY MADE BY ALL
3 R I G T N A T 0 R S OF ECONOMIC D A T A .
FOK EXAMPLE, REAL G N P , LABELED A S " I N 1 9 7 2
DOLLARS" BY THE DEPARTMENT OF COMMERCE, I S ACTUALLY " I N 1 9 7 2 P R I C E S , " AS EACH
COMPONENT Of- GNP I S DEFLATED BY AN INDEX OF I T S OWN P R I C E S .
S E C T I O N 5 4 0 P R E S E N T S S E R I E S ON NET INVESTMENT AND C A P I T A L G A I N S D E R I V E D FROM
BALANCE SHEET DATA I N THE T R A D I T I O N OF P R E V I O U S WORK BY DAVID B O Y N E , DALE
H 1 0 V F R , KUL B H A T I A , AND O T H E R S .
T H I S LITERATURE ON NOMINAL AND REAL C A P I T A L
G A I N S IN AGK1CULTURE I S SUMMARIZED I N THE SECTION E N T I T L E D "REAL WEALTH
E r ^ E C I b OF P R I C E CHANGES" I N "AGRICULTURAL FINANCE AND C A P I T A L M A R K E T S , " BY
J:JHN R . BRAKE AND EMANUEL M E L I C H A R , A SURVEY OF AGRICULTURAL ECONOMICS
L I T E R A T U R E . VOLUME 1 , LEE R . M A R T I N , E D I T O R , U N I V E R S I T Y OF MINNESOTA P R E S S ,
1977, PP. 4 4 5 - 4 4 7 .
MORE D E T A I L AND A D I S C U S S I O N OF METHODOLOGY I S PRESENTED I N " C A P I T A L G A I N S I N
THE U . S . FARMING S E C T O R , NOMINAL AND R E A L , 1 9 4 0 - 1 9 7 4 , " BY EMANUEL MELICHAR AND
MARIAN S A V R E , A PAPER PRESENTED AT THE MEETING OF THE AMERICAN AGRICULTURAL
ECONOMICS A S S O C I A T I O N , AUGUST 1 1 , 1 9 7 5 ( A V A I L A B L E FROM THE AUTHORS UPON R E QUEST!.
AS kECOMMLNOED I N THE CONCLUSIONS OF THAT PAPER ( P . 7 ) , S E C T I O N 5 4 0
U S E S THE APPROACH D E S C R I B E D AS "METHOD B , " EXTENDS I T TO ALL BALANCE SHEET
"TFMS, AND U S E S BALANCE SHEET DATA WITHOUT PRIOR A D J U S T M E N T .




TABLE 5 1 1 . 1
BALANCE SHEET OF THE FARMING S E C T O R , JANUARY
CURRENT DOLLARS
AMOUNTS I N M I L L I O N S OF DOLLARS
ASSETS

CLAIMS
NON-REAL-ESTATE

YEAR
TOTAL

|
1
1

REAL
ESTATE

|
TOTAL

LIABILITIES

PHYSICAL

1
FINANCIAL|
1
1
|
|
|
|
|
|
I
|
|
|

1940
|
1941
|
1942
|
1943
|
1944
|
3 945
|
1946...,,|
1947
|
1948
1949
|

53025.
54856.
62975.
73874.
84562.
94140.
103477.
116399.
127827.
134845.

33636.
34400.
37 5 4 7 .
41604.
48200.
53884.
61046.
68463.
73664.
76623.

19389.
20456.
25428.
32270.
36362.
40256.
42431.
47936.
54163.
58222.

15072.
15748.
19781.
24692.
26510.
27752.
27511.
31988.
38146.
42166.

4317.
4708.
5647.
7578.
9852.
12504.
14920.
15948.
16017.
16056.

1950.....(
1 9 5 1 . . 1
1952
|
1953.....|
1954.....|
1955 • *>... |
1956
|
1957
j
1958
|
1959
|

134713.
154435.
170374.
167988.
164894.
169086.
174127.
183154.
191578.
208791.

77600.
89523.
98452.
100051.
98654.
102216.
107503.
115666.
121754.
131054.

57113.
64912.
71922.
67937.
66240.
66870.
66624.
67488.
69824.
77737,

41261.
48868.
55312.
51149.
49230.
49443.
48759.
49613.
51548.
58643.

15852.
16044.
16610.
16788.
17010.
17427.
17865.
17875.
18276.
19094.

1960
1961
1962.....
1963
1964 * . . • •
1965
1966
1967
1968
1969

|
|
|
|
|

210551.
211054.
219534.
227895.
235838.
244051.
261048.
274404.
288267.
303074.

137161.
138466.
144548.
150181.
158557.
167502.
179211.
189104.
199700.
209190.

73390.
72588.
74986.
77714.
77281.
76549.
81837.
85300.
88567.
93884.

55317.
54717.
56863.
59061.
58470.
57169.
61906.
64884.
67381.
71809.

18073.
17871.
18123.
18653.
18811.
19380.
19931.
20416.
21186.
22075.

|
|
|
|
|
|
|
|

315273.
326576.
353166.
398191.
486215.
527468.
592848.
670940.

215893.
223881.
241371.
271049.
335372.
378666.
429058.
497180.

99380.
102695.
111795.
127142.
150843.
148802.
163790.
173760.

76548.
79055.
86920.
100494.
122286.
118898.
132082.
140637.

22832.
23640.
24875.
26648.
28557.
29904.
31708.
33123.

1970
1971
1972
1973
1974
1975
1976
1977

|
|
|
|
|




1

1
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
1
|
1
|
|
|
|
|
|

TOTAL
TOTAL

CCC LOANS

I
J PROPRIETORS'
DEBT
I EQUITIES
EXCLUDING!

CCC LOANS I
53025.
54856.
62975.
73874.
84562.
94140.
103477.
116399.
127827.
134845.

10035.
10470.
10468.
9900.
8871.
8344.
7905.
8413.
9238.
11370.

445.
629.
610.
773.
589.
683.
277.
65.
84.
1152.

9590.
9841.
9858.
9127.
8282.
7661.
7628.
8348.
9154.
10218.

42990.
44386.
52507.
63974.
75691.
85796.
95572.
107986.
118589.
123475.

134713.
154435.
170374.
167988.
164894.
169086.
174127.
183154.
191578.
208791.

12454.
13050.
14643.
16100.
16934.
17660.
18792.
19345.
20411.
23649.

1721.
812.
588.
1184.
2390.
2219.
1870.
1563.
1215.
2473.

10733.
12238.
14055.
14916.
14544.
15441.
16922.
17782.
19196.
21176.

122259.
141385.
155731.
151888.
147960.
151426.
155335.
163809.
171167.
185142.

210551.
211054.
219534.
227895.
235838.
244051.
261048.
274404.
288267.
303074.

24775.
26179.
28466.
31387.
34387.
36803.
40657.
44028.
47396.
50455.

1165.
1390.
1866.
2055.
1926.
1543.
1408.
1157.
1420.
2671.

23610.
24789.
26600.
29332.
32461.
35260.
39249.
42871.
45976.
47784.

185776.
184875.
191068.
196508.
201451.
207248.
220391.
230376.
240871.
252619.

315273.
326576.
353166.
398191.
486215.
527468.
592848.
670940.

53027.
54484.
59114.
65345.
74138.
81833.
90833.
102663.

2676.
1876.
2262.
1793.
751.
319.
358.
1012.

50351.
52608.
56852.
63552.
73387.
81514.
90475.
101651.

262246.
272092.
294052.
332846.
412077.
445635.
502015.
568277.

BALANCE SHEET OF THE FARMING SECTOR
CURRENT DOLLARS
CHANGE DURING YEAR I N M I L L I O N S OF DOLLARS
CLAIMS

ASSETS

LIABILITIES

NON-REAL-ESTATE
YEAR
TOTAL

1
1940...,,.|
1941...,,.|
.|
1942...
1943.... .|
1944...
1945...
1946... ..1
1947...
1948...
1949...
1
1950...
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...
1
1960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...

1831.
8119.
10899.
10688.

12922.

1
1970...
1971...
1972...
1973...
1974...
1975...
1976...




REAL
ESTATE

TOTAL
TOTAL

PHYSICAL

TOTAL

FINANCIAL

CCC LOANS

I
|PROPRIETORS'
| EQUITIES
DEBT
EXCLUDING!
CCC LOANSI

764.
3147.
4057.
6596.
5684.
7162.
7417.
5201.
2959.
977.

1067.
4972.
6842.
4092.
3894.
2175.
5505.
6227.
4059.
-1109.

676.
4033.
4911.
1818.
1242.
-241.
4477.
6158.
4020.
-905.

391.
939.
1931.
2274.
2652.
2416.
1028.
69.
39.
-204.

1831.
8119.
10899.
10688.
9578.
9337.
12922.
11428.
7018.
-132.

435.
-2.
-568.
-1029.
-527.
-439.
508.
825.
2132.
1084.

184.
-19.
163.
-184.
94.
-406.
-212.
19.
1068.
569.

251.
17.
-731.
-845.
-621.
-33.
720.
806.
1064.
515.

1396.
8121.
11467.
11717.
10105.
9776.
12414.
10603.
4886.
-1216.

11923.
8929.
1599.
-1397.
3562.
5287.
8163.
6088.
9300.
6107.

7799.
7010.
-3985.
-1697.
630.
-246.
864.
2336.
7913.
-4347.

7607.
6444.
—4163.
-1919.
213.
—684 .
854.
1935.
7095.
-3326.

192.
566.
178.
222.
417.
438.
10.
401.
818.
-1021.

19722.
15939.
-2386.
-3094.
4192.
5041.
9027.
8424.
17213.
1760.

596.
1593.
1457.
834.
726.
1132.
553.
1066.
3238.
1126.

-909.
-224.
596.
1206.
-171.
-349.
-307.
-348.
1258.
-1308.

1505.
1817.
861.
-372.
897.
1481.
860.
1414.
1980.
2434.

19126.
14346.
-3843.
-3928.
3466.
3909.
8474.
7358.
13975.
634.

1305.
6082.
5633.
8376.
8945.
11709.
9893.
10596.
9490.
6703.

-802.
2398.
2728.
-433.
-732.
5288.
3463.
3267.
5317.
5496.

—600 .
2146.
2198.
-591.
-1301.
4737.
2978.
2497.
4428.
4739.

-202.
252.
530.
158.
569.
551.
485.
770.
889.
757.

503.
8480.
8361.
7943.
8213.
16997.
13356.
13863.
14807.
12199.

1404.
2287.
2921.
3000.
2416.
3854.
3371.
3368.
3059.
2572.

225.
476.
189.
-129.
-383.
-135.
-251.
263.
1251.
5.

1179.
1811.
2732.
3129.
2799.
3989.
3622.
3105.
1808.
2567.

-901.
6193.
5440.
4943.
5797.
13143.
9985.
10495.
11748.
9627.

7988.
17490.
29678.
64323.
43294.
50392.
68122.

3315.
9100.
15347.
23701.
-2041.
14988.
9970.

2507.
7865.
13574.
21792.
-3388.
13184.
8555.

808.
1235.
1773.
1909.
1347.
1804.
1415.

11303.
26590.
45025.
88024.
41253.
65380.
78092.

1457.
4630.
6231.
8793.
7695.
9000.
11830.

-800.
386.
-469.
-1042.
-432.
39.
654.

2257.
4244.
6700.
9835.
8127.
8961.
11176.

9846.
21960.
38794.
79231.
33558.
56380.
66262.

, ALSO SHOWN I N TABLE 5 4 1 . 1 , REFLECT BOTH NET INVESTMENT
.1).
CHANGES I N THE P U R C H A S I N G POWER OF THE TOTAL FUNDS
CHANGES I N .CURRENT-DOLLAR VALUES (TABLE 5 4 4 . 1 1 .
^

TABLE 5 1 1 . 3
BALANCE

SHEET OF THE FARMING SECTOR
CURRENT DOLLARS
PERCENTAGE CHANGE DURING YEAR

ASSETS
I
I
I
I

YEAR

|
|
|
|
|
|
I
|
|
|
|
|
|
|

195 0
195 1
195 2
195 3
195 4
195 5
195 6

195 7

196 0
196 1
1 9 62
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1 9 74
197 5
197 6

3.5
14.8
17.3
14.5
11.3
9.9
12.5

9.8

5.5
-o.l
14.6
10.3
-1.4
-1.8
2.5
3.0
5.2

|
|
|
I

NON-REAL-ESTATE
I
I
I

2.3
9.1

10.8
15.9

11.8
13.3

12.1
7.6
4.0
1.3
15.4

10.0
1.6

LIABILITIES

TOTAL

PHYSICAL

FINANCIA

5.5
24.3
26.9
12.7
10.7
5.4
13.0
13.0
7.5
-1.9

4.5
25.6
24.8
7.4
4.7
-0.9
16.3
19.3
10.5

9.1
19.9
34.2
30.0
26.9
19.3
6.9
0.4

13.7

10.8
-5.5
-2.5

-2.1
18.4
13.2
-7.5
-3.8
0.4
-1.4

0.2

-1.3

1.2
3.5

1.1

-0.4
1.3
3.5
11.3
-5.6

1.8

1.3
2.5
2.5
0.1

9.0
0.8

—1 . 4
3.6
5.2
7.6
5.3
7.6
4.7

3.9
13.8
-5.7

4.5
-5.3

0.2
4.0
3.8
3.5
3.5
7.0
5.1
5.1
5.1
4.0

1.0
4.4
3.9
5.6
5.6
7.0
5.5
5.6
4.8
3.2

-1.1

-1.1

-1.1

3.6
8.1
12.7
22.1
8.5
12.4
13.2

3.7
7.8
12.3
23.7
12.9
13.3
15.9

|

|
|
I
|
|
|
|
|
|
|
|
|
|
I
|
|
|
|

REAL
ESTATE

J

I
|
|
|
|

194 0
194 1
194 2
194 3
1 9 44
194 5
194 6
194 7
194 8
1 9 49

195 8
195 9

TOTAL

CLAIMS

4.6




1.0

3.3
3.6

—0.6
-0.9
6.9
4.2
3.8

6.0
5.9

3.3
8.9
13.7

3.9
3.9

2.2

1.4
2.9

-1.0
-2.2

0.8

8.3
4.8
3.8

2.8

6.6
6.6

3.3
9.9
15.6
21.7

3.0

2.4
3.8
4.2
3.4

-1.4

-2.8

3.5
5.2
7.1
7.2
4.7

6.1

6.5

4.5

18.6
10.1

11.1

6.0

TOTAL

1
1
1

TOTAL

CCC LOANS

DEBT
| EQUITIES
EXCLUDING!
r r r i oam c I
— w l L LUAINSI.

3.5
14.8
17.3
14.5
11.3
9.9
12.5
9.8
5.5
-0. 1

4.3
-0,0
-5.4
-10.4
-5.9
-5.3
6.4
9.8
23.1
9.5

41.3
-3.0
26.7
-23.8
16.0
-59.4
-76.5
29.2
1271.4
49.4

2.6
0.2
-7.4
-9.3
-7.5
-0.4
9.4
9.7
11.6
5.0

3.2
18.3
21.8
18.3
13.4
11.4
13.0
9.8
4.1
-1.0

14.6
10.3
-1.4
-1.8
2.5
3.0
5.2
4.6
9.0
0.8

4.8
12.2
10.0
5.2
4.3
6.4
2.9
5.5
15.9
4.8

- 5 2 e8
-27 .6
101.4
101.9
-7.2
-15.7
-16.4
-22.3
103.5
-52.9

14.0
14.8
6.1
-2.5
6.2
9.6
5.1
8.0
10.3
-1.5

15.6
10.1
-2.5
—2.6
2.3
2.6
5.5
4.5
8.2
0.3

0.2
4.0
3.8
3.5
3.5
7.0
5.1
5.1
5.1
4.0

5.7
8.7
10.3
9.6
7.0
10.5
8.3
7.6
6.5
5.1

19.3
34.2
10.1
-6.3
-19.9
-8.7
-17.8
22.7
88.1
0.2

5,0
7.3
10.3
10.7
8.6
11.3
9.2
7.2
3.9
5.4

-0.5
3.3
2.8
2.5
2.9
6.3
4.5
4.6
4.9
3.8

3.6
8.1
12.7
22.1
8.5
12.4
13.2

2.7
8.5
10.5
13.5
10.4
11.0
13.0

-29.9
20.6
-20.7
-58.1
-57.5
12.2
182.7

4.5
8.1
11.8
15.5
11.1
11.0
12.4

3.8
8.1
13.2
23.8
8.1
12.7
13.2

TABLE 5 1 1 . 4

BALANCE

SHEET OF THE FARMING SECTOR»
CURRENT DOLLARS
PERCENTAGE OF TOTAL

JANUARY

1

ASSETS

TOTAL

1940.....I
194 1
I
194 2
I
1 9 43
I
1 9 44
I
1945.....|
1946
I
1947.....|
1948
I
1949..... I

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

63.4
62.7
59.6
56.3
57.0
57.2
59.0
58.8
57.6
56*8

195 0
I
195 1
j
1952.....I
1953
1
1954.....I
1955.....I
1956.. . • • I
1957
|
1958..... I
1959.....|

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

I

YEAR

TOTAL
PHYSICAL

FINANCIAL

36.6
37.3
40.4
43.7
43.0
42.8
41.0
41.2
42.4
43.2

28.4
28.7
31.4
33.4
31.3
29.5

8.1
8.6
9.0
10.3
11.7
13.3
14.4
13.7
12.5
11.9

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

57.6
58.0
57.8
59.6
59.8
60.5
61.7
63.2
63.6
62.8

42.4
42.0
42.2
40.4
40.2
39.5
38.3
36.8
36.4
37.2

30.6
31.6
32.5
30.4
29.9
29.2

28.1

11.8
10.4
9.7
10.0
10.3
10.3
10.3
9.8
9.5
9.1

100.0

65.1

196 2
I
1 9 63
1
1964..... I

100.0
100.0
100.0

65.8
65.9
67.2

196 6
1 9 67
196 8
1 9 69

1
I
I
I

100.0
100.0
100.0
100.0

68.7
68.9
69.3
69.0

34.9
34.4
34.2
34.1
32.8
31.4
31.3
31.1
30.7
31.0

26.3
25.9
25.9
25.9
24.8
23.4
23.7
23.6
23.4
23.7

1970..... I
1971.....j
1972.....I

100.0
100.0
100.0

68.5
68.6
68.3

1
1
1
1

100.0
100.0
100.0
100.0

69.0
71.8
72.4
74.1

31.5
31.4
31.7
31.9
31.0

24.3
24.2
24.6
25.2
25.2
22.5
22.3

I

I960

1961.....I
1965.....I

1973.....j
9
9
9
9

7
7
7
7

4
5
6
7

.
.
.
.

.
.
.
.

...
...
...
...

j
I
I
I
I




100.0
100.0

100.0

65.6
68.6

68.1

j

TOTAL

28.2
27.6
25.9

26.6
27.5
29.8
31.3

28.0

27.1
26.9

21.0

I
|PROPRIETORS'
I EQUITIES

LIABILITIES

NON—REAL—ESTATE
REAL
ESTATE

TOTAL

CCC LOANS

18.9
19.1
16.6
13.4
10.5
8.9
7.6
7.2
7.2
8.4

0.8
1.1
1.0
1.0
0.7
0.7
0.3
0.1
0.1
0.9

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

9.2
8.5
8.6
9.6
10.3
10.4
10.8
10.6
10.7
11.3

1.3
0.5
0.3
0.7
1.4
1.3
1.1
0.9
0.6
1.2

8.6
8.5
8.3
8.2
8.0
7.9
7.6
7.4
7.3
7.3

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

11.8
12.4
13.0
13.8
14.6
15.1
15.6
16.0
16.4
16.6

0.6
0.7
0.8
0.9
0.8
0.6
0.5
0.4
0.5
0.9

7.2
7.2
7.0
6.7
5.9
5.7
5.3
4.9

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

16.8
16.7
16.7
16.4
15.2
15.5
15.3
15.3

0.8
0.6
0.6
0.5
0.2
0.1
0.1
0.2

,

DEBT
EXCLUDING!

(XC LOANS I
18.1

81.1

17.9
15.7
12.4
9.8

86.6

8.1
7.4
7.2
7.2
7.6

8.0

80.9
83.4

89.5
91.1
92.4
92.8
92.8
91.6

10.1

90.8
91.5
91.4
90.4
89.7
89.6
89.2
89.4
89.3
88.7

11.2

88.2

7.9

8.2
8.9

8.8
9.1
9.7
9.7

10.0

12.1

87.6
87.0

12.9
13.8
14.4
15.0
15.6
15.9
15.8

85.4
84.9
84.4
84.0
83.6
83.4

11.7

16.0
16.1
16.1
16.0

15.1
15.5
15.3
15.2

86.2

83.2
83.3
83.3
83.6
84.8
84.5
84.7
84.7

TABLE 5 1 2 . 1
BALANCE SHEET OF THE FARMING SECTOR, JANUARY
I N 1 9 6 7 DOLLARS
AMOUNTS I N MILLIONS OF DOLLARS

1

CLAIMS

YEAR

NON-REAL-ESTATE

REAL
TOTAL

LIABILITIES

I
TOTAL

PHYSICAL

1940.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
1948.
1949.

141108.
144784.
143815.
150553.
156308.
169347.
179138.
163670.
162689.
175081.

89511.
90793.
85746.
84788.
90235.
96931.
105682.
96267.
93754.
99486.

51597.
53990.
58070.
65765.
68073.
72416.
73456.
67403.
68935.
75595.

40109.
41564.
45174.
50322.
49629.
49923.
47627.
44979.
48549.
54748.

11488.
12426.
12896.
15444.
18444.
22493.
25829.
22425.
20385.
20847.

1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.

182259.
191262.
202437.
201086.
197382.
201651.
207663.
212142.
216450.
234253.

104988.
110871.
116980.
119764.
118091.
121902.
128207.
133973.
137561.
147036.

77271.
80391.
85457.
81322.
79291.
79749.
79455.
78170.
78889.
87217.

55824.
60521.
65721.
61227.
58930.
58965.
58150.
57465.
58240.
65795.

21447.
19870.
19736.
20096.
20361.
20783.
21306.
20704.
20649.
21423.

1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.

234593.
233537.
241263.
247078.
254832.
257744.
270341.
277001.
283832.
286088.

152823.
153217.
158855.
162823.
171327.
176900.
185591.
190894.
196628.
197466.

81770.
80321.
82408.
84256.
83505.
80844.
84750.
86107.
87204.
88622.

61633.
60546.
62491.
64032.
63179.
60377.
64110.
65498.
66344.
67784.

20137.
19775.
19917.
20223.
20326.
20467.
20641.
20609.
20860.
20838.

1970.
1971.
1972.
1973.
1974.
1975.
1976.
1977.

282598.
282444.
293541.
316182.
347297.
327112.
344930.
368269.

193518.
193627.
200620.
215225.
239551.
234832.
249634.
272895.

89080.
88817.
92921.
100956.
107745.
92280.
95296.
95374.

68614.
68372.
72245.
79797.
87347.
73735.
76848.
77194.

20466.
20445.
20675.
21160.
20398.
18545.
18448.
18181.




I PROPRIETORS

TOTAL
FINANCIAL!

i
1
1
1
|1
|1
|1
1I
|1
|1
|1
|
|
|
|
|
|
|
|
|
|
|
j
|
|
|
|
|
|
|
|
|
|
j
|
|
|
|
|
|
|
|
L

TOTAL

141108.
144784.
143815.
150553.
158308.
169347.
179138.
163670.
162689.
175081.

CCC LOANS

DEBT
I
EXCLUDING!

EQUITIES

26705.
27634.
23906.
20176.
16607.
15010.
13685.
11830.
11757.
14763.

1184.
1660.
1393.
1575.
1103.
1229.
480.
91.
107.
1496.

25521.
25974.
22513.
18601.
15505.
13781.
13205.
11738.
11651.
13267.

114403.
117150.
119910.
130377.
141701.
154337.
165453.
151841.
150931.
160318.

182259.
191262.
202437.
201086.
197382.
201651.
207663.
212142.
216450.
234253.

16850.
16162.
17399.
19272.
20270.
21061.
22411.
22407.
23061.
26533.

2328.
1006.
699.
1417.
2861.
2646.
2230.
1810.
1373.
2775.

14521.
15156.
16700.
17855.
17410.
18415.
20181.
20596.
21688.
23758.

165409.
175100.
185038.
181814.
177112.
180590.
185251.
189736.
193389.
207720.

234593.
233537.
241263.
247078.
254832.
257744.
270341.
277001.
283832.
286088.

27604.
28968.
31283.
34029.
37156.
38868.
42104.
44445.
46667.
47627.

1298.
1538.
2051.
2228.
2081.
1630.
1458.
1168.
1398.
2521.

26306.
27430.
29233.
31801.
35075.
37238.
40646.
43277.
45269.
45106.

206989.
204570.
209979.
213049.
217675.
218876.
228237.
232556.
237165.
238460.

282598.
282444.
293541.
316182.
347297.
327112.
344930.
368269.

47531.
47121.
49134.
51887.
52956.
50749.
52848.
56350.

2399.
1622.
1880.
1424.
536.
198.
208.
555.

45133.
45499.
47254.
50463.
52419.
50551.
52640.
55795.

235067.
235323.
244407.
264295.
294341.
276363.
292081.
311919.

TABLE 5 1 2 . 2

BALANCE

SHEET OF THE FARMING SECTOR
I N 1 9 6 7 DOLLARS
CHANGE DURING YEAR I N M I L L I O N S OF DOLLARS

—
1

YEAR

1940....
1941....
1942....
1943....
1944....
1945....
1946,...
1947....
1948....
1949....
1950....
1951....
1952....
1953....
1954....
1955....
1956....
1957....
1958....
1959....

I
TOTAL
1
i1
1
.|
3676.
.1
-969.
.I
6738.
.1
7755.
.I
11039.
.1
9791.
.1 - 1 5 4 6 7 .
.|
-981.
.1
12392.
.1
7178.
1
.|
9003.
.1
11175.
.1
-1351.
. |
-3704.
.1
4268.
.|
6012.
.|
4480.
.|
4307.
. |
17804.
.|
340.

1
. .|
. .|
.,.t
.,.|
.,.|
.,.I
.,.|
.
,
.
1
1970...,
1971...
1972...,
1973...
1974...,
1975...
1976...

I960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
1968...
1969...




CLAIMS

ASSETS

1
•
1
1

-1056.
7725.
5816.
7754.
2912.
12597.
6660.

1
1
J1L

NON-REAL-ESTATE
REAL
ESTATE

1
1

TOTAL
TOTAL

PHYSICAL

FINANCIAL

1
1
1
1
1

LIABILITIES

TOTAL

CCC LOANS

1
1 PROPRIETORS'
DEBT
1 EQUITIES
EXCLUDINGl
CCC LOANS 1

1283.
-5048.
-958.
5447.
6696.
8751.
-9415.
-2513.
5732.
5502.

2393.
4079.
7696.
2308.
4343.
1040.
-6052.
1531.
6660.
1676.

1455.
3609.
5148.
-692.
293.
-2296.
-2648.
3571.
6198.
1076.

938.
470.
2548.
3000.
4049.
3336.
-3405.
-2039.
462.
600.

3676.
-969.
6738.
7755.
11039.
9791.
-15467.
-981.
12392.
7178.

929.
-3728.
-3730.
-3569.
-1597.
-1325.
-1855.
-72.
3005.
2087.

476.
-267.
182.
-473.
126.
-749.
-388.
16.
1389.
833.

453.
—3461 *
-3912.
-3096.
-1723.
-576.
-1467.
-88.
1616.
1254.

2747.
2760.
10468.
11323.
12636.
11116.
-13612.
-909.
9387.
5091.

5883.
6109.
2784.
-1672.
3811.
6305.
5766.
3588.
9476.
5787.

3121.
5066.
-4135.
-2031.
458.
-293.
-1286.
719.
8328.
-5447.

4697.
5200.
-4495.
-2297.
36.
-816.
-684.
775.
7554.
-4161.

-1577.
-134.
360.
266.
422.
522.
-602.
—55.
774.
-1286.

9003.
11175.
-1351.
-3704.
4268.
6012.
4480.
4307.
17804.
340.

—688 .
1237.
1873.
998.
791.
1350.
-4.
654.
3472.
1071.

-1323.
-307.
719.
1444.
-215.
—416.
-420.
-438.
1402.
-1477.

635.
1544.
1155.
-445.
1005.
1766.
415.
1092.
2070.
2548.

9691.
9938.
-3224.
-4702.
3478.
4662 .
4484.
3653.
14332.
-731.

394.
5638.
3968.
8504.
5573.
8691.
5303.
5734.
838.
-3948.

-1449.
2087.
1848.
-751.
—2661.
3906.
1357.
1097.
1418.
458.

-1088.
1945.
1541.
-853.
-2803.
3733.
1388.
846.
1440.
830.

-362.
142.
306.
103.
141.
173.
-31.
251.
-22.
-372.

-1056.
7725.
5816.
7754.
2912.
12597.
6660.
6831.
2256.
-3490.

1364.
2316.
2746.
3127.
1711.
3236.
2340.
2222.
960.
-96.

240.
513.
177.
-147.
-452.
-171.
-290.
230.
1123.
-123.

1124.
1803.
2568.
3274.
2163.
3408.
2631.
1992.
—163.
27.

-2420.
5410.
3070.
4626.
1201.
9361.
4320.
4609.
1295.
-3394.

109.
6993.
14605.
24326.
-4720.
14802.
23261.

—263 .
4103.
8036.
6789.
-15465.
3016.
78.

-243.
3873.
7552.
7550.
—13612.
3113.
346.

-20.
230.
484.
-762.
-1853.
-97.
-268.

-154.
11097.
22641.
31115.
-20184.
17818.
23340.

-410.
2012.
2753.
1069.
-2207.
2099.
3502.

-776.
258.
—456.
-887.
-339.
10.
347.

366.
1755.
3210.
1956.
-1868.
2089.
3155.

256.
9084.
19888.
30046.
-17978.
15719.
19838.

TABLE

512.3
BALANCE

S H E E T OF THE FARMING S E C T O R
I N 1 9 6 7 DOLLARS
PERCENTAGE CHANGE D U R I N G YEAR

1
1
YEAR

1
1
1
1
1

1
. 1
•1
. 1
.1
. 1
. 1
.1
.1
. 1
. 1
I
1950.... . 1
1951.... . 1
1 9 5 2 . . . . .1
1 9 5 3 . . . . .1
1 9 5 4 . . . . • 1
1955.... . 1
1 9 5 6 . . . . . 1
1 9 5 7 . . . . .1
1958.... . 1
1 9 5 9 . . . . .1
I
I 9 6 0 . . . . .1
1961....,. 1
1 9 6 2 . . . . ,. 1
1 9 6 3 . . . . , .1
1964....,. 1
1 9 6 5 . . . . , .1
1 9 6 6 . . . . . .1
196 7
. 1
196 8
> 1
196 9
,1
I
197 0
,1
197 1
,1
197 2
1
197 3
,|
197 4
1
197 5
1
197 6
1
1
1 9 4
1 9 4
194
194
194
194
194
194
1 9 4
194

0 . . . .
1 . . . .
2....
3....
4....
5....
6....
7....
8 . . . .
9....




ASSETS

1
t
|
1

NON-REAL-ESTATE
TOTAL

1
1

REAL
ESTATE
TOTAL

PHYSICAL

f
FINANCIAL|
1

CLAIMS
LIABILITIES
TOTAL
1

TOTAL

CCC L O A N S

2.6
-0.7
4.7
5.2
7.0
5.8
-8.6
-0.6
7.6
4.1

1 .4
- 5 . 6
- 1 . 1
6 .4
7.4
9.0
- 8 . 9
—2 . 6
6.1
5.5

4.6
7.6
13.3
3.5
6.4
1.4
-8.2
2.3
9.7
2.2

3.6
8.7
11.4
-1.4
0.6
—4 . 6
-5.6
7.9
12.8
2.0

8.2
3.8
19.8
19.4
22.0
14.8
-13.2
-9.1
2.3
2.9

1
|
|
|
|
|
|
|
|
|
|

2.6
-0.7
4.7
5.2
7.0
5.8
- 8 . 6
—0.6
7.6
4.1

3.5
-13.5
-15.6
-17.7
-9.6
—8.8
-13.6
-0.6
25.6
14.1

40.2
—16.1
13.1
-30.0
11.4
—61 . 0
-80.9
17.0
1299.1
55.7

4.9
5.8
-0.7
-1.8
2.2
3.0
2.2
2.0
8.2
0.1

5.6
5.5
2.4
-1 .4
3.2
5.2
4.5
2.7
6.9
3.9

4.0
6.3
-4.8
-2.5
0.6
-0.4
—1.6
0.9
10.6
-6.2

8.4
8.6
—6.8
-3.8
0.1
-1.4
-1.2
1.3
13.0
- 6 . 3

- 7 . 4
-0.7
1.8
1.3
2.1
2.5
-2.8
- 0 . 3
3.7
—6.0

|
|
|
(
|
|
|
|
|
|

4.9
5.8
-0.7
—1. 8
2.2
3.0
2.2
2.0
8.2
0.1

-4.1
7.7
10.8
5.2
3.9
6.4
-0.0
2.9
15.1
4.0

-0.5
3.3
2.4
3.1
1.1
4.9
2.5
2.5
0.8
-1.2

0.3
3.7
2.5
5.2
3.3
4.9
2.9
3.0
0.4
- 2 . 0

-1.8
2.6
2.2
-0.9
-3.2
4.8
1.6
1.3
1.6
0.5

—1.8
3.2
2.5
-1.3
-4.4
6.2
2.2
1.3
2.2
1.2

-1.8
0.7
1.5
0.5
0.7
0.8
-0.2
1.2
-0.1
-1.8

|
|
|
|
|
|
|
|
|
|

-0.5
3.3
2.4
3.1
1.1
4.9
2.5
2.5
0.8
-1.2

-0.1
3.9
7.7
9.8
-5.8
5.4
6.8

0.1
3.6
7.3
11.3
- 2 . 0
6.3
9.3

—0 . 4
5.7
10.5
9.5
—15 . 6
4.2
0.5

-0.1
1.1
2.3
—3 . 6
- 9 . 1
-0.5
-1.5

|
|
|
j
|
|
|
1

-0.1
3.9
7.7
9.8
-5.8
5.4
6.8

-0
4
8
6
-14
3
0

.
.
.
.
.
.
.

3
6
6
7
4
3
1

1
1 DDD DD T CTflD C «
DEBT
|
EXCLUDING!
err i niNsi

EQUITIES

1.8
13.3
17.4
16.6
11.1
- 4 . 2
-11.1
-0.7
13.9
9.5

2.4
2.4
8.7
8.7
8.9
7.2
-8.2
—0.6
6.2
3.2

—56 . 8
-30.5
102.9
101.9
-7.5
-15.7
-18.8
-24.2
102.1
-53.2

4.4
10.2
6.9
—2.5
5.8
9.6
2.1
5.3
9.5
10.7

5.9
5.7
-1.7
- 2 . 6
2.0
2.6
2.4
1.9
7.4
—0.4

4.9
8.0
8.8
9.2
4.6
8.3
5.6
5.0
2.1
-0.2

18.5
33.3
8.6
—6.6
-21.7
-10.5
-19.9
19.7
80.3
-4.9

4.3
6.6
8.8
10.3
6.2
9.2
6.5
4.6
- 0 . 4
0.1

-1.2
2.6
1.5
2.2
0.6
4.3
1.9
2.0
0.5
- 1 . 4

-0.9
4.3
5.6
2.1
—4.2
4.1
6.6

-32.4
15.9
-24.3
-62 .3
-63.1
5.3
166.7

0.
3.
6.
3.
- 3 .
4.
6.

0.1
3.9
8.1
11.4
-6.1
5.7
6.8

-

8
9
8
9
6
1
0

TABLE

5 1 2 . 4

BALANCE

SHEET

PERCENTAGE

FARMING

SECTOR,

1 9 6 7 DOLLARS
DURING PREVIOUS

JANUARY

FIVE

1

YEARS

TOTAL

TOTAL

PHYSICAL

TOTAL

FINANCIAL

CCC

LOANS

L_
I

194
194
194
194
194

5
6
7
8
9

I
I
I
I
I
I
1
I
I

195
195
195
195

4
5
6
7

I
I
I
I

195 8
195 9

I
I

9 5 . 8

2 0 . 0

- 4 3 . 8

3 . 8

—46. 0

3 4 . 9

3 6 . 1

2 3 . 7

- 7 1 . 1
- 9 3 . 4

- 3 . 5

3 2 . 0

8 . 1

- 4 1 . 7

10.6

11.0

13.0

- 1 1 . 1

15.8
1 3 . 1

1 0 . 3

10.6

- 9 3 . 2
3 5 . 6

- 3 7 . 4

1 0 . 6

16.1
4 . 8

13.8

- 5 0 . 5
- 5 0 . 5

- 4 9 . 2
- 4 7 . 9

1 2 . 3

107.9
7 3 . 9

4 1 . 2

1 6 . 4

14.6
- 0 . 4

6 . 7

11.8

- 4 . 7

7 . 6

12.3

5 . 4

8 . 3
4 . 9

8 9 . 5

7 . 6

9 . 4

- 2 3 . 1

6 . 8

2 6 . 8

- 1 2 . 0

2 3 . 7

18.1
4 7 . 1

1 0 9 . 7

14.8
4 2 . 3

2 1 . 5

2 7 . 1
4 6 . 1

2 3 . 6

2 7 . 7

26.1

- 1 . 4

2 3 . 6

6 3 . 9

12.7

1 8 . 7

18.0
4 . 9

7 . 6

- 2 . 3

1 2 . 7

3 7 . 3

3 . 2

5 . 6

- 3 . 1

1 0 . 6

2 5 . 0

- 3 . 9

7 . 2
4 . 9

8 . 6
4 . 8

2 3 . 7
13.8

6.8

23.7

10.6

I

1 9 6 1 . . . . . I
196 2
I
196 3
I

1 6 . 1
1 5 . 6

10.3

- 1 4 . 4

26.6
7 . 2
5 . 8

1 2 2 5 . 7
9 1 . 3
1 3 . 7

5 3 . 3

2 1 . 9
2 0 . 5

3 1 . 2
2 6 . 8

10.5
9 . 2

38.7

121.8

3 3 . 2

28.8

159.1

2 3 . 3

6 6 4 . 4

4 . 8
7 . 6

1 4 . 5

- 1 . 2
- 8 . 5

1 4 . 9

- 3 . 0

- 1 2 . 6
- 4 . 9

2 . 8

7 . 6

19.7

2 1 . 5

10.0

11.6

5 . 2

1 8 . 7

3 0 . 9

3 6 . 5

1 7 . 3

18.7

2 4 . 5

- 3 . 1
- 3 . 0

5 . 8
2 . 5
6 . 4

2 . 5

4 . 5

- 3 . 1

16.3

3 1 . 1

4 2 . 9

1 4 . 6

2 5 . 4

- 5 1 . 0

16.3
12.5

4 . 1
8 . 7
9 . 9

-

12.5
1 3 . 7
1 4 . 2
8 . 8
9 . 9

2 9 . 3
3 9 . 6
4 7 . 6

- 3 1 . 0
1 3 . 3
6 2 . 3

3 5 . 9

1 0 . 4
1 0 . 7

4 0 . 0
4 0 . 8

15.8
14.8
14.9

4 5 . 3
4 2 . 1
3 7 . 1

- 2 5
2 5
- 5
- 4 3

12.3

28.2

2 1 . 2

8.6

I
196 0

EQUITIES

24.5

8 . 3

I
0
1
2
3

I

EXCLUDING!
r.r.c L O A N S I

4 0 . 3

20.0

8.1

195
195
195
195

(PROPRIETORS'
DEBT

TOTAL

ESTATE

I

LIABILITIES

NON-REAL-ESTATE
REAL

I

I
I

THE

IN
CHANGE

ASSETS

I
l__
I
YEAR

OF

13.7
14.2

1 9 . 5
1 8 . 6
1 8 . 4
1 6 . 5
1 5 . 8

1
5
6
- 4

.
.
.
.

1
4
8
3

7 . 2
3 . 8
2 . 1
5 . 1
1 . 6
4 . 4

.
.
.
.

0
5
2
0

4 1 . 9
4 6 . 6
4 7 . 6

10.2
4 . 8

1964

I

8.8

196 5

I

9 . 9

1966
196 7

I
I

14.8

2 1 . 1
2 0 . 2

- 1 . 1
5 . 5
4 . 5

2 0 . 8

3 . 5

3 . 6

3 . 5
3 . 1

7 . 3

2 . 5

13.6
6 . 6

- 0 . 0

9 . 6
4 . 5

2 2 . 3
11.9

4 7 . 2

—0.9
0 . 3

6 . 0

10.6

9 . 2

5 . 1

1.4

11.4

11.2

- 2 . 1
- 9 . 4

2 1 . 4

11.2
6 . 8

6 1 . 0
1.8
- 7 8 . 7

11.5
16.2

1 1 . 4
2 3 . 4

- 9 . 8

2 2 . 1

- 9 1 . 8
- 8 7 . 2

12.0
15.7

2 4 . 1

- 1 2 . 1

2 5 . 5

- 7 0 . 5

18.1

2 7 . 6

15.8

196 8

I

14.9

196 9

I

1 2 . 3

1 5 . 3

6 . 1
10.2
4 . 8
7 . 9

I
197 0

I

9 . 6

9 . 4

197 1
197 2

I
I

4 . 5

4 . 3

6.0

5 . 1

197 3

1

11.4

9 . 5

197 4

1

2 1 . 4

2 1 . 3

15.8

2 1 . 3

25.5

2 8 . 9
3 6 . 0

197 5

I

197 6
197 7

I
I

22.1

L




—4.0
- 2 . 0
5 . 9
4 . 8

10.3

15.8
2 1 . 6

2 0 . 3
28.9

3 . 6
7 . 3

7 . 5

2 . 6

12.4
6 . 8

15.8

12.2
14.7

- 3 7 . 2

1 1 . 3

4 1 . 6
4 8 . 2
4 8 . 0

5 . 7

11.6
10.8

4 2 . 3
2 8 . 6

11.3

2 1 . 2
11.9

7 . 4

9 . 5

3 . 1

1 7 . 6

48

TABLE 5 2 1 . 1
A S S E T S OF THE FARMING S E C T O R , JANUARY
CURRENT DOLLARS
AMOUNTS I N M I L L I O N S OF DOLLARS

1

PHYSICAL
YEAR

TOTAL
TOTAL

FINANCIAL

MACHINERY
REAL

LIVESTOCK
MOTOR

STORED
CROPS

HOUSEHOLD
EQUIPMENT

TOTAL

BANK D E P O S I T S
CURRENCY
DEMAND

TIME

U.S.
SAVINGS
BONDS

INVESTMENTS
COOPERATIVES

1940...
1941...
1942...
1943...
1944...
1945...
1946...
1947...
1948...
1949...

53025.
54856.
62975.
73874.
64562.
94140.
103477.
116399.
127827.
134845.

48708.
50148
57328.
66296.
74710.
81636.
88557.
100451.
111810.
118789.

33636
34400
37547.
41604.
48200.
53884.
61046.
68463.
73664.
76623.

3060
3254
3988.
4948.
5439.
6474.
5388.
5338.
7366.

10068.

5133
5325.
7073.
9643.
9684.
9011.
9717.
11916.
13257.
14426.

2963.
3849.
5081.
6081.
6683.
6274.
7080.
9021.
8562.

4213.
4206.
4871.
5020.
5306.
5584.
6132.
7654.
8502.
9110.

4317.
4708.
5647.
7578.
9852.
12504.
14920.
15948.
16017.
16056.

742.
818.
1128.
1568.
2042.
2592.
3038.
3070.
283 2.
2744.

1286.
1408.
1753.
2503.
3044.
3631.
4377.
4950.
4997.
4736.

1255.
1312.
1371.
1490.
1683.
1975.
2179.
2102.
2102.

3379.
4152.
4212.
4375.
4597.

1950...
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...

829.
874.
943.
1024.
1114.
1219.
1378.
1537.
1711.
1877.

134713.
154435.
170374.
167988.
164894.
169086.
174127.
183154.
191578.
208791.

118861.
138391.
153764.
151200.
147884.
151659.
156262.
165279.
173302.
189697.

77600.
89523.
98452.
100051.
98654.
102216.
107503.
115666.
121754.
131054.

12166.
14131.
16674.
17395.
18437.
18595.
19339.
20240.
20145.
21835.

12894.
17100.
19527.
14781.
11745.
11210.
10628.
10997.
13857.
17655.

7591.
7907.
8773.
9031.
9171.
9646.
8340.
8336.
7618.
9337.

8610.
9730.
10338.
9942.
9877.
9992.
10452.
10040.
9928.
9816.

15852.
16044.
16610.
16788.
17010.
17427.
17865.
17875.
18276.
19094.

2510.
2362.
2452.
2334.
2258.
2235.
2234.
2016.
2045.

2010.

4465.
4619.
4801.
4801.
4736.
4661.
4661.
4708.
4545.
4888.

2102.
2102.
2169.
2301.
2432.
2530.
2582.
2634.
2897.
3069.

4720.
46 8 6 .
4707.
4632.
4732.
4969.
5168.
5063.
5116.
5181.

1960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
1968...
1969...

2055.
2275.
2481.
2720.
2852.
3032.
3220.
3454.
3673.
3946.

210551.
211054.
219534.
227895.
235838.
244051.
261048.
274404.
288267.
303074.

192478.
193183.
201411.
209242.
217027.
224671.
241117.
253988.
267081.
280999.

137161.
138466.
144548.
150181.
158557.
167502.
179211.
189104.
199700.
209190.

22745.
22205.
22516.
23454.
23935.
24826.
26005.
27443.
29808.
31271.

15248.
15607.
16428.
17307.
15868.
14494.
17585.
18973.
18831.
20248.

7737.
7998.
8774.
9291.
9815.
9206.
9706.
10004.
9619.

10611.

9587.
8907.
9145.
9009.
8852.
8643.
8610.
8464.
9123.
9679.

18073.
17871.
18123.
18653.
18811.
19380.
19931.
20416.
21186.
22075.

1903.
1803.
1813.
1905.
1805.
1842.
1880.
1880.
1925.
1981.

4325.
4025.
4045.
3965.
3925.
4004.
4084.
4084.
4185.
4303.

2940.
2894.
2956.
3296.
3495.
3733.
4032.
4355.
4790.
5199.

4663.
4625.
4463.
4424.
4229.
4206.
4054.
3922.
3787.
3753.

1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...

4242.
4524.
4846.
5063.
5357.
5595.
5881.
6175.
6499.
6839.

315273.
326576.
353166.
398191.
486215.
527468.
592848.
670940.

292441.
302936.
328291.
371543.
457658.
4975 64.
561140.
637817.

215893.
223881.
241371.
271049.
335372.
378666.
429058.
497180.

32299.
34372.
36612.
39282.
44223.
55742.
65034.
72322.

23480.
23707.
27274.
34081.
42378.
24570.
29513.
29078.

10921.
10697.
11836.
14480.
22087.
23274.
21305.
21862.

9848.
10279.
11198.
12651.
13598.
15312.
16230.
17375.

22832.
23640.
24875.
26648.
28557.
29904.
31708.
33123.

2010.
2044.
2094.
2184.
2174.
2050.

4367.
4457.
4557.
4758.
4949.
4890.
5010.
5085.

5514.
5933.
6500.
7082.
7754.
8120.
8610.
8955.

3740.
3588.
3676.
3991.
4166.
4331.
4412.
4365.

7201.
7618.
8048.
8633.
9514.
10513.
11676.
12788.




2666.

2000.
1930.

1211.

249.
353.
511.

1112.
2162.

TABLE 5 2 1 . 2

I
I
YEAR
|
TOTAL
I
I
I
I
1831.
1940...I
8119.
1941...I
10899.
1942...I
10688.
1943...I
9578.
1944...I
9337.
1945...I
12922.
1946...I
11428.
1947...I
7018.
1948...I
— 132 .
1949...I
I
19722.
1950...I
15939.
1951...I
-2386.
1952...I
-3094.
1953...I
4192.
1954...I
5041.
1955...I
9027.
1956...I
8424.
1957...I
17213.
1958...|
1760.
1959...I
I
503.
1960...I
8480.
1961...I
8361.
1962... I
7943.
1963...I
8213.
1964...I
16997.
1965...I
13356.
1966...I
13863.
1967... |
14807.
1968... I
12199.
1969... I
I
11303.
1970...I
26590.
1971...I
45025.
1972...I
88024.
1973...I
41253.
1974... |
65380.
1975...I
78092.
1976... I

A S S E T S OF THE FARMING SECTOR
CURRENT DOLLARS
CHANGE DURING YEAR I N MILLIONS OF DOLLARS
FINANCIAL

PHYSICAL

TOTAL

MACHINERY
AND
LIVESTOCK
MOTOR

REAL
ESTATE

STORED
CROPS

.yEhlCLES

HOUSEHOLD
EQUIPMENT
AND
FURNISHINGS

BANK D E P O S I T S
TOTAL

CURRENCY
DEMAND

TIME

INVESTMENTS
U.S.
IN
SAVINGS
COOPERATIVES
BONDS

-7.
665.
149.
286.
278.
548.
1522.
848.
608.
—500 .

391.
939.
1931.
2274.
2652.
2416.
1028.
69.
39.
-204.

76.
310.
440.
474.
550.
446.
32.
-238.
-88.
-234.

122.
345.
750.
541.
587.
746.
573.
47.
—261.
-271.

44.
57.
59.
119.
193.
292.
204.
-77.
0.
0.

104.
158.
601.
1050.
1217.
773.
60.
163.
222.
123.

45.
69.
81.
90.
105.
159.
159.
174.
166.
178.

316.

1120.
608.

258.
140.
475.
—1306.
-4.
-718.
1719.

-396.
—65 .
115.
460.
-412.

192.
566.
178.
222.
417.
438.
10.
401.
818.
-1021.

-148.
90.
-118.
-76.
-23.
-1.
-218.
29.
-35.
-107.

154.
182.
0.
—65 .
-75.
0.
47.
-163.
343.
-563.

0.
67.
132.
131.
98.
52.
52.
263.
172.
-129.

—34.
21.
-75.
100.
237.
199.
-105.
53.
65.
-518.

220.
206.
239.
132.
180.
188.
234.
219.
273.
296.

297.

—50.
2028.
2702.
2098.

192.
1748.
2570.
41.
-673.
706.
2199.
1341.
1169.
-1532.

11923.
8929.
1599.
-1397.
3562.
5287.
8163.
6088.
9300.
6107.

1965.
2543.
721.
1042.
158.
744.
901.
-95.
1690.
910.

4206.
2427.
-4746.
-3036.
-535.
-582.
369.
2860.
3798.
-2407.

-540.
311.
938.
481.
891.
1179.
1438.
2365.
1463.
1028.

359.

261.

7831.
7785.
7644.
16446.
12871.
13093.
13918.
11442.

1305.
6082.
5633.
8376.
8945.
11709.
9893.
10596.
9490.
6703.

879.
-1439.
-1374.
3091.
1388.
-142.
1417.
3232.

776.
517.
524.
-609.
500.
298.
-385.
992.
310.

238.
-136.
-157.
-209.
—33 .
-146.
659.
556.
169.

-202.
252.
530.
158.
569.
551.
485.
770.
889.
757.

-100.
10.
92.
-100.
37.
38.
0.
45.
56.
29.

-300.
20.
-80.
-40.
79.
80.
0.
101.
118.
64.

—46.
62.
340.
199.
238.
299.
323.
435.
409.
315.

-38.
-162.
—39 .
-195.
-23.
-152.
-132.
-135.
-34.
-13.

282.
322.
217.
294.
238.
286.
294.
324.
340.
362.

10495.
25355.
43252.
86115.
39906.
63576.
76677.

7988.
17490.
29678.
64323.
43294.
50392.
68122.

2073.
2240.
2670.
4941.
11519.
9292.
7288.

227.
3567.
6807.
8297.
-17808.
4943.
-435.

-224.
1139.
2644.
7607.
1187.
-1969.
557.

431.
919.
1453.
947.
1714.
918.
1145.

808.
1235.
1773.
1909.
1347.
1804.
1415.

34.
50.
90.
-10.
-124.
-50.
-70.

90.
100.
201.
191.
-59.
120.
75.

419.
567.
582.
672.
366.
490.
345.

-152.
88.
315.
175.
165.
81.
-47.

417.
430.
585.
881.
999.
1163.
1112.

1440.
7180.
8968.
8414.
6926.
6921.
11894.
11359.
6979.
72.

764.
3147.
4057.
6596.
5684.
7162.
7417.
5201.
2959.
977.

19530.
15373.
—2564.
—3316.
3775.
4603.
9017.
8023.
16395.
2781.
705.

8228.

194.
734.
960.
491.
1035.

-1086.

821.

886.
1232.

1000.
602.

-409.

806.

1941.
-459.
-971.

866 .

—1600.

—112 .
-112.
-229.

—680 .

JL




49

50

TABLE 5 2 1 . 3
A S S E T S OF THE FARMING SECTOR
CURRENT DOLLARS
PERCENTAGE CHANGE DURING YEAR

YEAR

1
1
|

1
1
i
1

1940...|
194t 1 . . . |
1942...|
1943...j
1944...|
1945 . . . 1
1946..*|
1947...j
1948...|
1949...|
j
1950...|
1951...|
1952...j
19 5 3 . . . |
1954...j
1955...|
1956...j
1957 . . . j
1958...j
1959...j
|
1960...|
1961...j
19 62 . . . |
1963...|
1964...|
1965...j
1966...j
1967...j
1968...|
1969...j
|
1970...|
1971...|
1972...j
1973...|
1974...|
1975...j
1976...|

PHYSICAL
TOTAL
TOTAL

REAL
ESTATE

MACHINERY
AND
LIVESTOCK
MOTOR

VEHICLES

FINANCIAL

STORED
CROPS

HOUSEHOLD
EQUIPMENT
AND
FURNISHINGS

I
| TOTAL
|
1

BANK D E P O S I T S
DEMAND

TIME

U.S.
SAVINGS
BONDS

CURRENCY

INVESTMENTS
IN
COOPERATIVES

3.5
14.8
17.3
14.5
11.3
9.9
12.5
9.8
5.5
—0 . 1

3.0
14.3
15.6
12.7
9.3
8.5
13.4
11.3
6.2
0.1

2.3
9.1
10.8
15.9
11.8
13.3
12.1
7.6
4.0
1.3

6.3
22.6
24.1
9.9
19.0
-16.8
-0.9
38.0
36.7
20.8

3.7
32.8
36.3
0.4
-6.9
7.8
22.6
11.3
8.8
—1 0 . 6

11.1
29.9
32.0
19.7
9.9
-6.1
12.8
27.4
-5.1
-11.3

-0.2
15.8
3.1
5.7
5.2
9.8
24.8
11.1
7.2
-5.5

|
|
|
|
|
|
|
|
|
|

9.1
19.9
34.2
30.0
26.9
19.3
6.9
0.4
0.2
-1.3

10.2
37.9
39.0
30.2
26.9
17.2
1.1
-7.8
-3.1
-8.5

9.5
24.5
42.8
21.6
19.3
20.5
13.1
0.9
-5.2
-5.7

3.6
4.5
4.5
8.7
13.0
17.3
10.3
-3.5
0.0
0.0

41.8
44.8
117.6
94.4
56.3
22.9
1.4
3.9
5.1
2.7

5.4
7.9
8.6
8.8
9.4
13.0
11.5
11.3
9.7
9.5

14.6
10.3
-1.4
—1.8
2.5
3.0
5.2
4.6
9.0
0.8

16 . 4
11.1
-1.7
-2.2
2.6
3.0
5.8
4.9
9.5
1.5

15.4
10.0
1.6
—1 . 4
3.6
5.2
7.6
5.3
7.6
4.7

16.2
18.0
4.3
6.0
0.9
4.0
4.7
-0.5
8.4
4.2

32.6
14.2
-24.3
-20.5
-4.6
—5 . 2
3.5
26.0
27.4
-13.6

4.2
11.0
2.9
1.6
5.2
-13.5
-0.0
-8.6
22.6
-17.1

13.0
6.2
-3.8
-0.7
1.2
4.6
-3.9
-1.1
-1.1
-2.3

|
|
|
|
|
|
|
1
|
|

1.2
3.5
1.1
1.3
2.5
2.5
0.1
2.2
4.5
—5 . 3

-5.9
3.8
-4.8
—3.3
-1.0
-0.0
-9.8
1.4
-1.7
-5.3

3.4
3.9
0.0
1.4
1.6
0.0
1.0
3.5
7.5
1.5

0.0
3.2
6.1
5.7
4.0
2.1
2.0
10.0
5.9
-4.2

-0.7
0.4
—1 . 6
2.2
5.0
4.0
-2.0
1.0
1 .3
-10.0

10.7
9.1
9.6
4.9
6.3
6.2
7.3
6.3
7.4
7.5

0.2
4.0
3.8
3.5
3.5
7.0
5.1
5.1
5.1
4.0

0.4
4.3
3.9
3.7
3.5
7.3
5.3
5.2
5.2
4.1

1.0
4.4
3.9
5.6
5.6
7.0
5.5
5.6
4.8
3.2

-2.4
1.4
4.2
2.1
3.7
4.7
5.5
8.6
4.9
3.3

2.4
5.3
5.4
-8.3
-8.7
21.3
7.9
-0.7
7.5
16.0

3.4
9.7
5.9
5.6
-6.2
5.4
3.1
-3.8
10.3
2.9

—7.1
2.7
-1.5
-1.7
-2.4
-0.4
-1.7
7.8
6.1
1.7

|
|
|
|
|
|
|
|
|
|

-1.1
1.4
2.9
0.8
3.0
2.8
2.4
3.8
4.2
3.4

-5.3
0.6
5.1
-5.2
2.0
2.1
0.0
2.4
2.9
1.5

-6.9
0.5
-2.0
-1.0
2.0
2.0
0.0
2.5
2.8
1.5

-1.6
2.1
11.5
6.0
6.8
8.0
8.0
10.0
8.5
6.1

-0.8
-3.5
-0.9
-4.4
-0.5
-3.6
-3.3
-3.4
-0.9
-0.3

6.6
7. 1
4.5
5.8
4.4
5.1
5.0
5.2
5.2
5.3

3.6
8.1
12.7
22.1
8.5
12.4
13.2

3.6
8.4
13.2
23.2
8.7
12.8
13.7

3.7
7.8
12.3
23.7
12.9
13.3
15.9

6.4
6.5
7.3
12.6
26.0
16.7
11.2

1.0
15.0
25.0
24.3
-42.0
20.1
-1.5

-2.1
10.6
22.3
52.5
5.4
-8.5
2.6

4.4
8.9
13.0
7.5
12.6
6.0
7.1

|
|
|
|
|
j
I
1

3.5
5.2
7.1
7.2
4.7
6.0
4.5

1.7
2.4
4.3
-0.5
-5.7
-2 .4
-3.5

2.1
2.2
4.4
4.0
-1.2
2.5
1.5

7.6
9.6
9.0
9.5
4.7
6.0
4.0

-4.1
2.5
8.6
4.4
4.0
1.9
-1.1




-

-1

5.8
5.6
7.3
10.2
10.5
11.1
9.5

TABLE

521.4

ASSETS

OF THE FARMING S E C T O R , JANUARY
CURRENT DOLLARS
PERCENTAGE OF TOTAL

1

FINANCIAL

PHYSICAL
YEAR

TOTAL

1940..
1941..
1942..
1943..
1944..
1945..
1946..
1947..
1948..
1949..

100.0
100.0
100.0
100.0
100.0
100.0

1950..
1951..
1952..
1953..
1954..
1955..
1956..
1957..
1958..
1959..

100.0

I960..
1961..
1962..
1963..
1964..
1965..
1966..
1967..
1968..
1969..

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

1970..
1971..
1972..
1973..
1974..
1975..
1976..
1977..

100.0

100.0

100.0
100.0
100.0

100.0
100.0
100.0

100.0
100.0
100.0

100.0
100.0
100.0

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0




TOTAL

REAL
ESTATE

MACHINERY
AND
LIVESTOCK
MOTOR
VEHICLES

91.9
91.4
91.0
89.7
88.3
86.7
85.6
86.3
87.5

63.4
62.7
59.6
56.3
57.0
57.2
59.0
58.8
57.6
56.8

5.8
5.9
6.3
6.7
6.4
6.9
5.2
4.6
5.8
7.5

88.2

57.6
58.0
57.8
59.6
59.8
60.5
61.7
63.2
63.6

9.0
9.2
9.8
10.4

10.5
10.5

91.4
91.5
91.7
91.8
92.0
92.1
92.4
92.6
92.7
92.7

65.1
65.6
65.8
65.9
67.2

10.8

92.8
92.8
93.0
93.3
94.1
94.3
94.7
95.1

68.5

88.1
89.6
90.3
90.0
89.7
89.7
89.7
90.2
90.5
90.9

62.8

68.6
68.7
68.9
69.3
69.0

68.6
68.3

68.1
69.0
71.8
72.4
74.1

11.2
11.0
11.1
11.1

10.5
10.3
10.3

10.1
10.2
10.0

10.0
10.3
10.3

10.2
10.5
10.4
9.9
9.1

10.6

11.0
10.8

STORED
CROPS

HOUSEHOLD
EQUIPMENT
AND

2.4
2.6
2.8
3.4
3.6
3.9
4.2
4.3
3.9
3.5

2.3
2.3
2.1
1.9
1.8
1.8
1.9
1.9
1.6
1.6

0.5
0.6
0.8
1.5
2.6
3.6
4.0
3.6
3.4
3.4

1.6
1.6
1.5
1.4
1.3
1.3
1.3
1.3
1.3
1.4

5.5
5.2
4.7

11.8
10.4
9.7
10.0
10.3
10.3
10.3
9.8
9.5
9.1

1.9
1.5
1.4
1.4
1.4
1.3
1.3
1.1
1.1
1.0

3.3
3.0
2.8
2.9
2.9
2.8
2.7
2.6
2.4
2.3

1.6
1.4
1.3
1.4
1.5
1.5
1.5
1.4
1.5
1.5

3.5
3.0
2.8
2.8
2.9
2.9
3.0
2.8
2.7
2.5

1.5
1.5
1.5
1.6
1.7
1.8
1.8
1.9
1.9
1.9

3.7
3.8
4.0
4.1
4.2
3.8
3.7
3.6
3.3
3.5

4.6
4.2
4.2
4.0
3.8
3.5
3.3
3.1
3.2
3.2

8.6
8.5
8.3
8.2
8.0
7.9
7.6
7.4
7.3
7.3

0.9
0.9
0.8
0.8
0.8
0.8
0.7
0.7
0.7
0.7

2.1
1.9
1.8
1.7
1.7
1.6
1.6
1.5
1.5
1.4

1.4
1.4
1.3
1.4
1.5
1.5
1.5
1.6
1.7
1.7

2.2
2.2
2.0
1.9
1.8
1.7
1.6
1.4
1.3
1.2

2.0
2.1
2.2
2.2
2.3
2.3
2.3
2.3
2.3
2.3

3.5
3.3
3.4
3.6
4.5
4.4
3.6
3.3

3.1
3.1
3.2
3.2

7.2
7.2
7.0
6.7
5.9
5.7
5.3
4.9

0.6
0.6
0.6
0.5
0.4
0.4
0.3
0.3

1.4
1.4
1.3
1.2
1.0
0.9
0.8
0.8

1.7
1.8
1.8
1.8
1.6
1.5
1.5
1.3

1.2
1.1
1.0
1.0
0.9
0.8
0.7
0.7

2.3
2.3
2.3
2.2
2.0
2.0
2.0
1.9

6.9
7.2
7.1

10.2

6.1
6.1

10.4
10.7

7.1
6.3

6.7

9.6

6.4
6.3

7.2
8.5

5.6
5.1
5.1
5.4
5.6
5.7
4.8
4.6
4.0
4.5

7.2
7.4
7.5
7.6
6.7
5.9
6.7
6.9
6.5
6.7
7.4
7.3
7.7

8.8
7.1

6.6
6.1
6.0

8.6

8.7
4.7
5.0
4.3

TIME

1.4
1.5
1.8
2.1
2.4
2.8
2.9
2.6
2.2
2.0

13.1
11.5
9.6
9.4

11.5

DEMAND

INVESTMENTS
U.S.
IN
SAVINGS
COOPERATIVES
BONDS

8.1
8.6
9.0
10.3
11.7
13.3
14.4
13.7
12.5
11.9

7.9
7.7
7.7

5.0
5.4

11.1

CURRENCY

FURNISHINGS

9.7
9.7

11.2

BANK D E P O S I T S
TOTAL

6.1

6.8
6.3
5.9
5.9

6.6

6.8
6.1
5.9

6.0

5.9

6.0

2.8

2.9
2.7

2.6

51

TABLE

52

522.1
A S S E T S OF

THE FARMING S E C T O R , JANUARY
IN 1 9 6 7 PRICES
AMOUNTS I N M I L L I O N S OF DOLLARS

1

PHYSICAL
YEAR

TOTAL
TOTAL

1940.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
1977.

REAL
ESTATE

MACHINERY
AND
LIVESTOCK
MOTOR
VEHICLES

FINANCIAL
STORED
CROPS

HOUSEHOLD
EQUIPMENT
AND

195128.
197318.
200122.
202145.
202055.
202173.
201312.
203740.
206296.
213846.

156340.
157042.
157744.
158446.
159148.
159854.
159501.
161086.
162717.
164651.

9114.
9437.
10706.
10226.
9406.
9504.
10065.
10976.
13461.
16630.

14902.
15170.
16089.
17352.
18181.
17193.
16625.
15978.
15242.
15123.

6429.
7173.
7026.
8136.
7719.
8152.
7467.
75 1 9 .
6416.
8465.

8343.
8496.
8557.
7985.
7601.
7470 .
7654.

245617.
..1 249114.
••I 2 5 2 9 7 4 .
..1 256873.
• • 1 261429.
• • 1 264839.
••1 267730.
• • 1 266502.
••I 2 6 7 7 2 1 .
••I 2 7 1 4 9 1 .

223903.
229058.
233200.
236400.
240430.
243325.
245399.
2 449 6 7.
246220.
249544.

171567.
173659.
175151.
177056.
178915.
180603.
182085.
183540.
184842.
186036.

19676.
22174.
24176.
24845.
26217.
26512.
26683.
26132.
25558.
25704.

15315.
15965.
16808.
17285.
17218.
17493.
17507.
16920.
16629.
17193.

8239.
7810.
7486.
7916.

9059.
9022.
8671.
9596.
11079.

9106.
9450.
9579.
9298.
9280.
9658.

270397.
..1 269764.
• . 1 270380.
••I 2 7 1 3 9 3 .
••I 2 7 2 5 5 0 .
• • 1 271744.
• • 1 273854.
..1 2 7 4 4 0 4 .
-.1 2 7 8 1 6 8 .
••I 2 8 0 7 4 8 .

249860.
249455.
250017.
250895.
252103.
250905.
253307.
253988.
257191.
25952 1.

186891.
187049.
186956.
187110.
187505.
187840.
188300.
189104.
189397.
189820.

26292.
25818.
25399.
25374.
25578.
25983.
26637.
27443.
28520.
28649.

17682.
17497.
17906.
18528.
18961.
18899.
18760.
18973.
19084.
19336.

281577.
281665.
286034.
287383.
289620.
* • i 288582.
»• i 2 8 9 1 3 9 .
»• i 2 8 8 1 2 5 .

260821.
261460.
265476.
267497.
271545.
271494.
272363.
271311.

190963.
192292.
193738.
195216.
197164.
198711.
198595.
198484.

28644.
28805.
28610.
28925.
30255.
30904.
30955.
30876.

19554.

••I
..1
••I

••I

|

••I

|
••I

|
..1
• • 1
• • 1
• • 1




20211.
20507.
20899.
21859.

22200.
21420.
20832.

CURRENCY

FURNISHINGS

207120.
210042.
213568.
218269.
221001.
224907.
227488.
227905.
227098.
235255.

..1
• *
• • I
..1
••1
..1

BANK D E P O S I T S
TOTAL

U.S.
INVESTMENTS
SAVINGS
IN
BONDS
COOPERATIVES

DEMAND

TIME

3572.
3805.
4174.
5326.
5854.

3364.
3392.
3124.
2917.
2865.
3060.
3465.
3302.
2730.
2803.

692.
954.
1217.
2366.
4158.
6143.
7284.
6382.
5682.
6129.

11992.
12724.
13446.
16124.
18946.
22734.
26176.
24165.
20802.
21409.

2061.
2211.
2686.
3336.
3927.
4713.
5330.
4652.
3678.
3659.

9704.
9595.
9532.

21714.
20056.
19774.
20473.
20999.
21514.
22331.
21535.
21501.
21947.

3438.
2952.
2919.
2846.
2788.
2759.
2792.
2429.
2406.
2310.

5774.
5715.
5855.
5847.
5754.
5826.
5672.
5347.
5618.

2879.
2628.
2582.
2806.
3002.
3123.
3228.
3173.
3408.
3528.

6466.
5858.
5604.
5649.
5842.
6135.
6460.
6100.
6019.
5955.

2815.
2844.
2954.
3317.
3520.
3743.
4025.
4161.
4321.
4536.

9730.
10315.
10656.
10874.
11074.
9497.
10914.
10004.
11373.
12665.

9265.
8776.
9100.
9009.
8985.
8686.
8696.
8464.
8817.
9051.

20537.
20309.
20363.
20498.
20447.
20839.
20547.
20416.
20977.
21227.

2162.
2049.
2037.
2093.
1962.
1981.
1938.
1880.
1906.
1905.

4915.
4574.
4545.
4357.
4266.
4305.
4210.
4084.
4144.
4138.

3341.
3289.
3321.
3622.
3799.
4014.
4157.
4355.
4743.
4999.

5299.
5256.
5015.
4862.
4597.
4522.
4179.
3922.
3749.
3609.

4820.
5141.
5445.
5564.
5823.
6017.
6063.
6175.
6435.
6576.

12740.
11125.
13037.
12111.
11980.
9553.
11473.
11401.

8920.
9027.
9584.
10346.
10287.
10126.
9920.
9718.

20756.
20205.
20558.
19886.
18075.
17088.
16776.
16814.

1827.
1747.
1731.
1630.
1376.
1172.
1058.
980.

3970.
3809.
3766.
3551.
3132.
2794.
2651.
2581.

5013.
5071.
5372.
5285.
4909.
4640.
4555.
4546.

3400.
3067.
3038.
2978.
2637.
2475.
2334.
2216.

6546.
6511.
6651.
6442.
6021.
6007.
6178.
6491.

8800.

8181.

8460.
8977.

10102.

6602.
7679.
7500.
6490.
6315.

6116.

2303.
2362.
2245.
2179.
2142.
2216.
2418.
2329.

2222.
2503.

TABLE 5 2 2 . 2

A S S E T S OF THE FARMING SECTOR
IN 1 9 6 7 P R I C E S
CHANGE DURING YEAR IN MILLIONS OF DOLLARS
FINANCIAL

PHYSICAL
YEAR

|
I

1940...I
1941...I
1942...1
1943...1
1944...I
1945...1
1946...I
1947...I
1948...1
1949...1
l
1960 . . . I
1951...i
1952...1
1953...1
1954...1
1955...1
1956...1
1957...1
1956...1
1959...1
1
1 9 6 0 • » #!
1961•..1
1962...i
1963...|
1964...|
1965...I
1966...I
1967...|
1968...I
1969...I
1
1970...1
1971...1
39??...I
1973...I
1974...|

1975...5
1976...I

TOTAL
TOTAL

REAL
ESTATE

MACHINERY
AND
LIVESTOCK
MOTOR
KliilCLES

STORED
CROPS

HOUSEHOLD
EQUIPMENT
AND
FURNISHINGS

BANK D E P O S I T S
TOTAL

CURRENCY
DEMAND

TIME

U.S.
INVESTMENTS
SAVINGS
IN
BONDS
COOPERATIVES

59.
-117.
—66.
-37.
74.
202.
-89.
-107.
281.
312.

2922.
3526.
4701.
2732.
3906.
2581.
417.
-807.
8157.
10362.

1
I
I
I
I
I
I
I
|
1

2190.
2804.
2023.
-90.
118.
-861.
242 8.
2556.
7550.
10057.

702.
702.
702.
702.
706.
-35 3,
1585.
1631.
1934.
6916.

323.
1269.
-480.
-820.
98.
561.
911.
2485.
3169.
3046.

268.
919.
1263.
829.
-988.
—568.
-647.
—736 .
-119.
192.

744.
-147.
1110.
-417.
433.
—685 •
52.
-1103.
2049.
-226.

153.
61.
-572.
-384.
-131.
184.
527.
279.
517.
129.

732.
722.
2678.
2822.
3788.
3442.
-2011.
-3363.
607.
305.

150.
475.
650.
591.
786.
617.
-678.
-974.
-19.
-221.

233.
369.
1152.
528.
748.
1077.
-179.
-1010.
-175.
-199.

28.
-268.
-207.
-52.
195.
405.
-163.
-572.
73.
76.

262.
263.
1149.
1792.
1985.
1141.
-902.
-700.
447.
337.

3497.
3860.
3899.
4556 ®
3410.
2891.
-1228.
1219.
3770.
-1094.

I
I
I
|
I
1
1
I
I
I

5155.
4142.
3200.
4030.
2895.
2074.
-432.
1253.
3324.
316.

2092.
1492.
1905.
1859.
1688.
1482.
1455.
1302.
1194.
855.

2498.
2002.
669.
1372.
295.
171.
-551.
-574.
146.
588.

650.
843.
477.
—67 .
275.
14.
-587.
-291.
564.
489.

-429.
-324.
430.
884.
259.
-37.
-351.
925.
1483.
-1349.

344.
129.
-281.
-18.
378.
444.
-398.
-109.
—63 .
-267.

-1658.
-282.
699.
526.
515.
817.
-796.
-34.
446.
-1410.

-486.
-33.
-73.
-58.
-29.
33.
—363.
-23.
—96.
-148.

-342.
-59.
140.
—8 .
-93.
72.
-154.
-325.
271.
-703.

-251.
-46.
224.
196.
121.
105.
-55.
235.
120.
-187.

-608.
-2 54.
45.
193.
293.
325.
—3 6 0 •
—81.
-64.
—656.

29.
110.
363.
203.
223.
282.
136.
160.
215.
284.

-633.
616.
1013.
1157.
-806.
2110.
550.
3764.
2580.
829.

I
I
I
|
j
I
I
I
1
|

-405.
562.
878.
1208.
-1198.
2402.
681.
3203.
2330.
1300.

158.
-93.
154.
395.
335.
460.
804.
293.
423.
1143.

-474.
-419.
-25.
204.
405.
654.
806.
1077.
129.
-5.

-185.
409.
622.
433.
—62 .
-139.
213.
111.
252.
218.

585.
341.
218.
200.
-1577.
1417.
-910.
1369.
1292.
75.

-489.
324.
-91.
-24.
-299.
10.
-232.
353.
234.
-131.

-228.
54.
135.
-51.
392.
-292.
-131.
561.
250.
-471.

-113.
-12.
56.
-131.
19.
-43.
-58.
26.
-1.
-78.

-341.
—29.
-188.
-91.
39.
-95.
-126.
60.
—6 .
—168 •

-52.
32.
301.
177.
215.
143.
198.
388.
256.
14.

-43.
-241.
-153.
-265.
-75.
-343.
-257.
-173.
-140.
-209.

321.
304.
119.
259.
194.
46.
112.
260.
141.
-30.

88.
4369.
1349,
2237.
-1038.
557.
-1014.

I
1
|
|
I
|
|

639.
4016.
2021.
4048.
-51.
869.
-1052.

1329.
1446.
1478.
1948.
1547.
—116.
-111.

161.
-195.
315.
1330.
649.
51.
-79.

657.
296.
392.
960.
341.
-780.
-588.

-1615•
1912.
-926.
-131.
-2427.
1920.
-72.

107.
557.
762.
-59.
-161.
-206.
-202.

-551.
353.
-672.
-1811.
-987.
-312.
38.

-80.
—16.
-101.
-254.
-204.
-114.
-78.

-161.
-43.
-215.
-419.
-338.
-143.
-70.

58.
301.
-87.
-376.
-269.
-85.
-9.

-333.
-29.
—60.
-341.
—162 .
-141.
-118.

-35.
140.
-209.
-421.
-14.
171.
313.




53

54

TABLE 5 2 2 . 3
A S S E T S OF THE FARMING SECTOR
IN 1 9 6 7 PRICES
PERCENTAGE CHANGE DURING YEAR
I
|
I

YEAR

PHYSICAL
TOTAL
TOTAL

REAL
ESTATE

1

MACHINERY
AND
LIVESTOCK
MOTOR

VEHICLES

1940...|
1941...|
1942...|
1943...|
1944...|
1945...|
1946...|
1947...|
1948...|
1 9 ^9 . . . |
j

1.4
1.7
2.2
1.3
1.8
1.1
0.2
-0.4
3.6
4.4

1.1
1.4
1.0
-0.0
0.1
-0.4
1.2
1.3
3.7
4.7

0.4
0.4
0.4
0.4
0.4
-0.2
1.0
1.0
1.2
4.2

3.5
13.4
-4.5
-8.0
1.0
5.9
9.1
22.6
23.5
18.3

1 9 5 0 . . . |

1.4
1.5
1.5
1.8
1.3
1.1
-0.5
0.5
1.4
—0.4

2.3
1.8
1.4
1.7
1.2
0.9
-0.2
0.5
1.4
0.1

1.2
0.9
1. 1
1.0
0.9
0.8
0.8
0.7
0.6
0.5

-0.2
0.2
0.4
0.4
-0.3
0.8
0.2
1.4
0.9
0.3

-0.2
0.2
0.4
0.5
-0.5
1.0
0,3
1.3
0.9
0.5

0.0
1.6
0.5
0.8
-0.4
0.2
-0.4

0.2
1.5

1931...|
1952...|
1953...|
1954...|
1955...|
1956...|
1957...|
1958...|
1959. . . |
j
1960...|
1961...|
1962...|
1963...|
1964...|
1 9 6 5 . . . |

1
1
1
1

9
9
9
9

6
6
6
6

6
7
8
9

.
.
.
.

.
.
.
.

.
.
.
.

|
|
|
|
|
1970...|
1971...|
1972...|
1973...|
1974...|
1975...|
1976...|




0.6
1.5
—0 %. 0
0.3
-0.4

FINANCIAL
STORED
CROPS

HOUSEHOLD
EQUIPMENT
TOTAL
AND
FURNISHINGS I

BANK D E P O S I T S
CURRENCY
DEMAND

TIME

U.S.
INVESTMENTS
SAVINGS
IN
BONDS
COOPERATIVES

1.8
6.1
7.9
4.8
-5.4
- 3 ,3
-3.9
-4.6
-0.8
1.3

11.6
-2.0
15.8
-5.1
5.6
-8.4
0.7
-14.7
31.9
-2.7

1.8
0.7
-6.7
-4.8
-1.7
2.5
6.9
3.4
6.1
1.4

1
1
1
1
1
1
1
1 1
1
i

6.1
5.7
19.9
17.5
20.0
15.1
-7.7
13.9
2.9
1.4

7.3
21.5
24.2
17.7
20.0
13.1
-12.7
-20.9
-0.5
-6.0

6.5
9.7
27.6
9.9
12.8
16.3
-2.3
-13.5
-2.7
-3.2

0.8
-7.9
—6.6
-1.8
6.8
13.2
-4.7
-17.3
2.7
2.7

37.9
27.6
94.4
75.7
47.7
18.6
-12.4
-11.0
7.9
5.5

2.6
-5.0
-2.9
-1.7
3.5
9.1
-3.7
—4.6
12.6
12.5

12.7
9.0
2.8
5.5
i a
0.6
-2.1
-2.2
0.6
2.3

3.8
1.4
-2.9
-0.2
4.1
4.6
-3.9
-1.1
-0.7
-2.8

1
1
1
1
1
1
1
1
1
1
1

-7.6
-1.4
3.5
2.6
2.5
3.8
-3.6
-0.2
2.1
-6.4

-14.1
-1.1
-2.5
-2.0
-1.0
1.2
-13.0
-0.9
-4.0
-6.4

—5 .

2.C
-0*4
1.6
0.1
-3.4
-1.7
3 .4
2.8

-5.2
-4.1
5.7
11.2
2.9
-0.4
-3.9
10.7
15.5
-12.2

-1.0
2.4
-0.1
—1 . 6
1.3
—2 . 6
-5.7
5.1
-12.5

-8.7
-1.8
8.7
7.0
4.0
3.4
-1.7
7.4
3.5
-5.3

-9.4
-4.3
0.8
3.4
5.0
5.3
—5.6
-1.3
-1.1
-11.0

1.0
3.9
12.3
6.1
6.3
7.5
3.4
3.8
5.0
6.3

0.1
-0.0
0.1
0.2
0.2
0.2
0.4
0.2
0.2
0.6

-1 r 8
-1.6
-0.1
0.8
1.6
2.5
3.0
3.9
0.5
-0.0

-1.0
2.3
3.5
2.3
-0.3
-0.7
1.1
0.6
1.3
1.1

6.0
3.3
2.0
1.8
-14.2
14.9
-8.3
13.7
11.4
0.6

-5.3
3.7
-1.0
-0.3
—3.3
0.1
-2.7
4.2
2.7
— 1 <L

1
1
1
1
1
1
1
1
1
1

-1.1
0.3
0.7
-0.2
1.9
-1.4
-0.6
2.7
1.2
-2.2

-5.2
—0.6
2.7
-6.3
1.0
-2.2
-3.0
1.4
-0.1
-4. 1

-6.9
—0.6
-4.1
2.1
0.9
-2.2
-3.0
1.5
-0.1
-4.1

-1.6
1.0
9.1
4.9
5.7
3.6
4.8
8.9
5.4
0.3

-0.8
-4.6
-3.1
-5.5
—1.6
—7.6
—6.1
-4.4
-3.7
-5.8

6.7
5.9
2.2
4.7
3.3
0.8
1.8
4.2
2.2
-0.5

0.7
0.8
0.8
1.0
0.8
-0.1
-0.1

0.6
-0.7
1.1
4.6
2.1
0.2
-0.3

3.4
1.5
1.9
4.6
1.6
-3.5
-2.7

-12.7
17.2

1.?
6.2
8.G

1
1
I

-2*7
1 -7
- U 3

—Or A

1

- 9

-1

1
1
1
1

-1.8
0.2

-4.1
-1.1
-5.7
-11.8
-10.8
-5.1
—2*6

1.2
5.9
—1.6
-7.1
-5.5
-1.8
-0.2

-9.8
-0.9
-2.0
-11.5
-6.1
-5.7
-5.1

-0.5
2.2
-3.1
—6.5
-0.2
2.8
5.1

- 7 . 1

-1.1
-20.3
20.1
-0.6

,6

-2.0
-2.0

1

-4.4
-0.9
-5.8
-15.6
-14.8
-9.7
-7.4

TABLE

YEAR

522.4

A S S E T S OF THE FARMING S E C T O R , JANUARY
IN 1 9 6 7 PRICES
PERCENTAGE OF TOTAL

FINANCIAL

PHYSICAL

I
$
i

TOTAL

TOTAL

!
1940... 1
1941...1
1942...1
1943... 1
1944... 1
1945...i
1946...1
1947...1
1948...1
1949...1
l
1950...1
1951...i
1952...1
1953...1
1954...!
1955...1
1956...1
1957...1
1958...I
1959...I
1
3960...1
1961...1
1962...1
1963...1
1964...I
1965...1
1966... 1
1967...1
1968...!
1969...|
1970...I
1971...1

1

1

1973...1
1974...1
1975...I
1976...1
1977 . . . 1
_L

REAL
ESTATE

MACHINERY
AND
LIVESTOCK
MOTOR

STORED
CROPS

VEHICLES

BANK D E P O S I T S

HOUSEHOLD
EQUIPMENT
AND

TOTAL

DEMAND

TIME

U.S.
SAVINGS
BONDS

INVESTMENTS
IN
COOPERATIVES

FURNISHINGS I

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

94.2
93.9
93.7
92.6
91.4
89.9
88.5
89.4
90.8
90.9

75.5
74.8
73.9
72.6
72.0
71.1
70.1
70.7
71.7
70.0

4.4
4.5
5.0
4.7
4.3
4.2
4.4
4.8
5.9
7.1

7.2
7.2
7.5
7.9
8.2
7.6
7.3
7.0
6.7
6.4

3.1
3.4
3.3
3.7
3.5
3.6
3.3
3.3
2.8
3.6

4.0
4.0
4.0
3.7
3.4
3.3
3.4
3.6
3.7
3.8

|
|
I
1
j
I
|
I
|
1

5.8
6.1
6.3
7.4
8.6
10.1
11.5
10.6
9.2
9.1

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

91.2
91.9
92.2
92.0
92.0
91.9
91.7
91.9
92.0
91.9

69.9
69.7
69.2
68.9
68.4
68.2
68.0
68.9
69.0
68.5

8.0
8.9
9.6
9.7
10.0
10.0
10.0
9.8
9.5
9.5

6.2
6.4
6.6
6.7
6.6
6.6
6.5
6.3
6.2
6.3

3.4
3.1
3.0
3.1
3.4
3.4
3.4
3.3
3.6
4.1

3.7
3.8
3.8
3.6
3.5
3.6
3.8
3.6
3.6
3.5

I
I
I
|
I
I
I
1
I
I

8.8
8.1
7.8
8.0
8.0
8.1
8.3
8.1
8.0
8.1

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

92.4
92.5
92.5
92.4
92.5
92.3
92.5
92.6
92.5
92.4

69.1
69.3
69.1
68.9
68.8
69.1
68.8
68.9
68.1
67.6

9.7
9.6
9.4
9.3
9.4
9.6
9.7
10.0
10.3
10.2

6.5
6.5
6.6
6.8
7.0
7.0
6.9
6.9
6.9
6.9

3.6
3.8
3.9
4.0
4.1
3.5
4.0
3.6
4.1
4.5

3.4
3.3
3.4
3.3
3.3
3.2
3.2
3.1
3.2
3.2

I
1
1
I
1
1
1
1
I
I

7.6
7.5
7.5
7.6
7.5
7.7
7.5
7.4
7.5
7.6

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

92.6
92.8
92.8
93.1
93.8
94.1
94.2
94.2

67.8
68.3
67.7
67.9
68.1
68.9
68.7
68.9

10.2
10.2
10.0
10.1
10.4
10.7
10.7
10.7

6.9
7.2
7.2
7.3
7.5
7.7
7.4
7.2

4.5
3.9
4.6
4.2
4.1
3.3
4.0
4.0

3.2
3.2
3.4
3.6
3.6
3.5
3.4
3.4

1
1
1
|
I
1
I
I

7.4
7.2
7.2
6.9
6.2
5.9
5.8
5.8




CURRENCY

1.0
l . i
1.3
1.5

1.8
2.1
2.3

2.0
1.6
1.6
1.4

1.2
1.2
1.1
1.1
1.0
1.0
0.9
0.9
0.9

0.8
0.8

0.8
0.8
0.7
0.7
0.7
0.7
0.7
0.7

0.6
0.6
0.6
0.6
0.5
0.4
0.4
0.3

1.7

1.8
2.0
2.4

2.6
2.9
3.4
3.3
2.9
2.7
2.5
2.3
2.3
2.3

2.2
2.2
2.2
2.1
2.0
2.1
1.8
1.7
1.7

1.6
1.6
1.6
1.5
1.5
1.5
1.5
1.4
1.4
1.3

1.2
1.1
1.0

0.9
0.9

1.6
1.6
1.5
1.3
1.3
1.4
1.5
1.4

1.2
1.2

1.2
1.1
1.0
1.1
1.1
1.2
1.2
1.2

0.3
0.5

0.6
1.1
1.9
2.7
3.2

2.8

1.1
1.1
1.1
1.0
1.0
1.0

1.1

2.5

1.0
1.0

2.6

1.1

2.4

1.1

2.6
2.2
2.2
2.2
2.3
2.4
2.3

1.1

1 . 2
1 . 3
1 . 3
1 . 4
1 . 5

1.6
1.6

1.3
1.3

2.2
2.2

1 . 7

1.2
1.2

2.0

1.8

1.2

1.3
1.4
1.5
1.5
1.6

1.7
1.8
1.8
1.8

1.9
1.8

1.7
1.6
1.6
1.6

1.9
1.9

1.8
1.7
1.7
1.5
1.4
1.3
1.3

1.2
1.1
1.1
1.0
0.9
0.9

0.8
0.8

1 . 9

2.0
2.1
2.1

2.2
2.2
2 . 3
2 . 3
2 . 3
2 . 3
2 . 3
2 . 3

2.2
2.1
2.1
2.1
2 . 3

55

56

TABLE 5 3 1 . 1
I M P L I C I T P R I C E DEFLATORS FOR A S S E T S OF THE FARMING SECTOR,
INDEX, 1 9 6 7 = 1 0 0
I
j
I

YEAR

MACHINERY
R E A L

ASSETS

AND

ESTATE

MOTOR

LIVESTOCK

STORED
CROPS

1! i IIII ill!
}

^ 5 2
.III

VEHICLES

|

^ . 0
*1'*

:
:

:::::
a e j
Bz

E

jS

E

j

\Z:\
S:J
H:i
»:•

l

103.0
107.9

::::

e

Sii
SS:i

55
IE:

Sii
^

«

I::::
\ll:t

119-3

117*3

96^2

l l ^ S

184.4

132.2

191.8

178.8

::::
*9

2 5 0 , 5

2

lll'A
WV.I

146.2

193.9

34.2

139.6

J:::
::::

B

91.0

K
!sS

\U:i
\ll:t

ll:l
s.1

100.0

93.4

170.1

80*0
84.0

»

12.A,

85.4

FINANCIAL

=

80.3

2 3 2




S

::::
Sri
®

101.2
H7.2

1

FURNISHINGS

® '°

::

:::::

S:S
S:i

107.1
U6.2

HOUSEHOLD
EQUIPMENT
AND

A

1973:::::
9

63.7
*°

& 9

\t:l
::::

si

I

1 9 7 7

51.6
' 2

5 6

JANUARY

5s
::::

53

e

ll?:o

j»:s
!K:S
158.0

197.0

s;;rs,K£^;;ENTS „....

TABLE 5 3 1 . 2

IMPLICIT PRICE

DEFLATORS
PERCENTAGE

MACHINERY
AND
MOTOR
VEHICLES

FOR A S S E T S OF THE FARMING SECTOR
CHANGE DURING YEAR

LIVESTOCK

STORED
CROPS

HOUSEHOLD
EQUIPMENT
AND

FINANCIAL

TOTAL
ASSETS

REAL
ESTATE

2.0
12.9
14.8
13.1
9.4
8.7
12.3
10.2
1.8
-4.3

1.8
8.7
10.3
15.3
11.3
13.5
11.0
6.5
2.8
-2.8

2.7
8.0
29.9
19.5
17.8
-21.4
—9 . 2
12.5
10.6
2.1

1.9
25.2
26.4
—4.2
-1.6
11.5
27.6
16.6
9.7
-11.7

—0.4
32.6
14.0
26.1
4.1
2.5
12.1
49.3
-28.1
-8.9

-2.0
15.0
10.4
11.0
7.1
7.2
16.8
7.4
1.0
—6.8

2.8
13.5
11.9
10.6
5.8
3.6
15.8
16.7
—2 . 6
-2 .7

13.0
8.6
-2.9
—3 . 6
1.2
1.9
5.7
4.1
7.5
1.3

14.0
9.0
0.5
-2.4
2.6
4.3
6.7
4.5
6.9
4.2

3.1
8.2
1.5
0.4
-0.3
3.3
6.9
1.8
7.8
1.8

27.2
8.5
-26.4
-20.2
—6 . 1
-5.3
7.1
28.2
23.2
-16.0

9.9
15.8
-2.7
-8.7
2.2
-13.2
4.0
-17.4
6.2
-5.6

8.9
4.8
-0.9
—0. 5
-2.8
0.0
-0.0
0.0
-0.5
0.5

9.6
5.0
-2.4
-1.2
-0.0
-1.2
3.8
2.4
2.4
1.2

0.5
3.8
3.4
3.0
3.8
6.1
4.9
3.6
4.2
3.7

0.9
4.4
3.8
5.4
5.5
6.7
5.1
5.4
4.5
2.6

—0 . 6
3.1
4.3
1.2
2.1
2.2
2.4
4.5
4.4
3.3

3.4
2.9
1.8
-10.4
-8.4
22.2
6.7
-1.3
6.1
14.7

-2.5
6.2
3.8
3.7
9.4
—8 . 3
12.4
-15.4
-0.9
2.3

-1.9
—1.0
-0.5
-1.5
1.0
-0.5
1.0
3.5
3.4
3.2

-0.0
1.1
2.2
1.1
1.1
4.3
3.1
1.0
3.0
5.8

3.6
6.5
12.2
21.2
8.9
12.2
13.6

3.0
7.0
11.4
22.5
12.0
13.4
15.9

5.8
7.2
6.1
7.6
23.4
16.5
11.5

-2.3
13.4
22.6
18.9
-42.9
24.5
1.3

12.2
-5.6
31.7
54.2
32.1
-23.8
3.3

3.1
2.6
4.7
8.1
14.4
8.2
9.3

6 .4
3.4
10.7
17.9
10.8
8.0
4.2




FURNISHINGS

57

58

TABLE 5 4 1 . 1
CHANGES

PHYSICAL
NET
WORTH

YEAR

I
1940...|
1941...|
1942...|
1943...|
1944...|
1945...|
1946...|
1947...|
1948...|
1949...|
I
1950...|
1951...|
1952...|
1953...|
1954...|
1955...|
1956...|
1957...|
1958...|
1959...|
I
I960...|
1961...|
1962... |
1963...|
1964...|
1965... |
1966...|
1967...|
1968... J
1969...|
I
1970...|
1971...|
1972...|
1973... |
1974...|
1975... |
1976...|

TOTAL

REAL
ESTATE

11467.
11717.
10105.
9776.
12414.
10603.
4886.
-1216.

1440.
7180.
8968.
8414.
6926.
6921.
11894.
11359.
6979.
72.

764.
3147.
4057.
6596.
5684.
7162.
7417.
5201.
2959.
977.

19126.
14346.
-3843.
-3928.
3466.
3909.
8474.
7358.
13975.
634.

19530.
15373.
-2564.
-3316.
3775.
4603.
9017.
8023.
16395.
2781.

-901.
6193.
5440.
4943.
5797.
13143.
9985.
10495.
11748.
9627.
9846.
21960.
38794.
79231.
33558.
56380.

1396.

8121.

66262.

L_




-50.
2028.
2702.
2098.

192.
1748.
2570.
41.
-673.
706.
2199.
1341.
1169.
-1532.

11923.
8929.
1599.
-1397.
3562.
5287.
8163.
6088.
9300.
6107.

1965.
2543.
721.
1042.
158.
744.
901.
-95.
1690.
910.

4206.
2427.
-4746.
-3036.
-535.
-582.
369.
2860.
3798.
-2407.

705.
8228.
7831.
7785.
7644.
16446.
12871.
13093.
13918.
11442.

1305.
6082.
5633.
8376.
8945.
11709.
9893.
10596.
9490.
6703.

-540.
311.
938.
481.
891.
1179.
1438.
2365.
1463.
1028.

359.
821.
879.
-1439.
-1374.
3091.
1388.
-142.
1417.
3232.

1049 5 .
25355.
43252.
86115.
39906.
63576.
76677.

7988.
17490.
29678.
64323.
43294.
50392.

2073.
2240.
2670.
4941.
11519.
9292.
7288.

227.
3567.
6807.
8297.
-17808.
4943.
-435.

68122.

-1086.

A S S E T S , L I A B I L I T I E S , AND NET WORTH
CURRENT DOLLARS
AMOUNTS I N M I L L I O N S OF DOLLARS

ASSETS

MACHINERY
AND
MOTOR
LIVESTOCK
VEHICLES

194.
734.
960.
491.
1035.

IN

MONETARY A S S E T S
STORED
CROPS

297.

886.
1232.

1000.
602.

-409.

806.

HOUSEHOLD
EQUIPMENT
AND
FURNISHINGS

-7.
665.
149.

286.

278.
548.
1522.
848.

1941.
-459.
-971.

-500.

316.

1120.

866.

608.

608.

NET
| _
MONETARY|
A S S E T S I TOTAL
1
-44.
941.
2499.
3303.
3179.
2855.
520.
-756.
-2093.

391 *
939.
1931 »
2274.
2652 •
2416.

1028.

FINANCIAL
— —
CURRENCY
AND BANK

DEPOSITS
242.
712.
1249.
1134.
1330»
1484.
809.

-268.

-1288.

69.
39.
-204.

-349.
-505.

-404 .
-1027.
-1279.

192 •
566.
178.

339.
14.

258.
140.
475.
-1306.
-4.
-718.
1719.
—1600.

-396.
—65 «
115.
460.
-412.
-112.
-112.
-229.

-309.
-694.
-543.
-66 5 .
-2420.
-2!47.

818.
-1021 ,

261.

-680 .

776.
517.
524.
-609.
500.
298.
-385.
992.
310.

-1606.

238.
-136.
-157.
-209.
-33.
-146.
659.
556.
169.

-202.

-2035.
-2391.

-2598.
-2170.
-1615.

252.
530,
158.
569,
551.
485 »
770.
889,
757,

-224.
1139.
2644.
7607.
1187.
-1969.
557.

431.
919.
1453.
947.
1714.
918.
1145.

-64o »
-3395.
-4458,
-6884.
-6348.
-7196.
-10415.

-1347.
-3303.

-2886.

6.

222.

-10.

417.
438.

0.
51.
-119.
129.
480.
-799.

10,

401

808.
1235.
1773.
1909.
1347,
1804.
1415.

AND L I A B I L I T I E S

-446.
92.
352.
59.
354.
417.
323.
581.
583.
408.
543.
717.
873.
853.
183.
560.
350.

ASSETS

I
DEBT
I INCLUDING
U.S.
INVESTMENTS!
CCC
SAVINGS
IN
|
LOANS
BONDS
COOPERATIVES!
104.
158.

601.

1050.
1217.
773.

45.
69.

81.

163.

222.

90.
105.
159.
159.
174.

166.

123.

178.

-34.

220.
206.

-75.

239.
132.

237.
199.
-105.
53.
65.

180.
188.

60.

21.

100.

1*.

-38.

-162.
-39.
-195.
-23.
-152.
-132.
-135.
—34 .
-13.
-152.

88.

315.
175.
165.

81.

-47.

234.
219.
273.
296.

282.
322.
217.
294.
238.

286.

294.
324.
340.
362.
417.
430.
585.

881.
999.
1163.

1112.

435.

-2.

-568.
-1029.
-527.
-439.
508.
825.
2132.
1084.
596.
1593.
1457.
834.
726.
1132.
553.

1066.

3238.

1126.
1404.
2287.
2921.
3000.
2416.
3854.
3371.
3368.
3059.
2572.
1457.
4630.
6231.
8793.
7695.
9000.
11830.

TABLE 5 4 2 . 1

YEAR

1940.
1941«
1942.
1943,
1944«
1945,
1946.
1947«
1948,
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

IMPLICIT

I
I
NET
I EQUITY
I INVEST|
MENT
I
_L
I
696.
1882.
3406.
2968.
3198.
2328.
..I
1699.
-375.
3511.
3829.
..I
2723.

1828.

...I
..I
..I

936.
2283.
1693.
716.

-1180.
209.

TOTAL

740.
941.
907.
-335.
19.
-527.
1179.
381.
5604.
5117.
3127.
2855.
2215.
2895.

2002.
1410.
—637 .
874.

2606.
200.

-2102.
-1501.
-1625.
1793.
- 2982.
- 1039.
- 2189.
537.
14.
-378.

-496.
534.
766.
1049.
-1135.
2264.
697.
3135.
2184.
1437.

494.
1970
907.
1971
1972
.1
- 1578.
-561.
1973
7401.
1974 . . . I
1975
.1
- 4504.
.1 - 1 2 1 4 6 .
1976

1143.
4302.

1960
1961
1962
1963
1964
1965
1966
1967
1968
1969

...I
•I
.1
.1

...I

INVESTMENT AND INTER—SECT OR TRANSFERS
CURRENT DOLLARS
AMOUNTS I N M I L L I O N S OF DOLLARS
MONETARY A S S E T S

PHYSICAL A S S E T S

-1947.

186.

NET

2880.

6323.
-1053.
2692.
-1731.

REAL
ESTATE

152.
160.
176.
198.

226.
-127.
640.
716.

888.

3173.

1012.
804.
1074.
1038.
943.
857.

888.
839.
814.
615.

116.
-70.

121.

325.
291.
424.
785.
301.
456.
1276.
1525.
1743.
1947.
3009.
2790.
-236.
-259.

MACHINERY
AND
MOTOR
LIVESTOCK
VEHICLES

110.
455.
-206.
-435.
62.
341.
465.
1284.
1826.
1864.
1568.
1328.
465.
963.
207.

122.

-413.
-448.
120.
504.

STORED
CROPS

-218.

126.

-415.
-354.
497.
965.
273.
-37.
-331 •

340.
136.
-302.
-19.
397.
459.
-412.
-113.
—65 *
-276.

-404.
-1027.
-1279.
—612 .
-309.
-694.
-543.
—665.
-2420.
-2147.

-501.
327.
-91.
—24 .
-296.

—1606.
—2035.
-2391.
-2842.
-1847.
-3303.
-2886.
-2598.
-2170.
-1815.

-202.

-649.
-3395.
-4458.
-6884.
—6348.
-7196.
-10415.

622.
941.
481.
-51.

812.

1214.
—1105 •

-409.
—366 .
-23.
190.
383.
632.
796.

—162 .
370.
576.
383.
-50.

138.

256.
245.

459.
273.
183.
174.
—1463.
1317.
—860 •
1263.
1088.
64.

187.
-241.
415.
1875.

780.
370.
580.
1713.
519.
-969.
-815.

-1469.
1787.
-974.
-199.
-5194.
4122.
-136.

1101.
—6.

1060.
100.

-175.

-118.
206.

110.

391.
939.
1931.
2274.
2652.
2416.
1028.
69.
39.
-204.

-44.
941.
2499.
3303.
3179.
2855.
520.
-756.
-2093.

308.
-71.
651.
-294.
348.
-569.
46.
-1295.
2477.

9.
-369.
-216.
525.
462.

FINANCIAL
NET
|
MONETARY|
A S S E T S I TOTAL
I

77.
32.
-343.
-255.
-95.
142.
458.
271.
522.

93.
363.
629.
451.
-522.
-315.
-430.
-595.
-109.
172.

182.

HOUSEHOLD
EQUIPMENT
AND
FURNISHINGS

10.

-231.
359.
246.
-142.

120.
643.
911.
-75.

-228.
-324.
-346.

AND L I A B I L I T I E S

-1288.

CURRENCY
AND BANK
DEPOSITS
242.
712.
1249.
1134.
1330.
1484.
809.

-268.
-349.
-505.

6.

ASSETS

U.S.
SAVINGS
BONDS
104.
158.

601.

I
DEBT
I INCLUDING
INVESTMENTS!
CCC
IN
I
LOANS

COOPERATIVES!
45.
69.

81.

163.

90.
105.
159.
159.
174.

123.

178.

-34.

1050.
1217.
773.

60.

222.

166.

435.

-2.

-568.
-1029.
-527.
-439.
508.
825.
2132.
1084.
596.
1593.
1457.
834.
726.
1132.
553.

339.
14.

-75.

100.

220.
206.
239.
132.

0.
51.
-119.
129.
480.
-799.

237.
199.
-105.
53.
65.
-518.

234.
219.
273.
296.

252.
530.
158.
569.
551.
485.
770.
889.
757.

-446.
92.
352.
59.
354.
417.
323.
581.
583.
408.

-38.
—162 *
-39.
-195.
-23.
-152.
-132.
-135.
-34.
-13.

282.
322.
217.
294.
238.
286.
294.
324.
340.
362.

1404.
2287.
2921.
3000.
2416.
3854.
3371.
3368.
3059.
2572.

808.
1235.
1773.
1909.
1347.
1804.
1415.

543.
717.
873.
853.
183.
560.
350.

-152.

417.
430.
585.

1457.
4630.
6231.
8793.
7695.
9000.
11830.

192.
566.
178.

222.

417.
438.

10.

401.

818.

-1021.

-10.

21.

88.

315.
175.
165.

81.

-47.

180.
188.

881.

999.
1163.

1112.

1066.

3238.

1126.

J




59

60

TABLE 5 4 3 . 1
IMPLICIT

NOMINAL C A P I T A L G A I N S
CURRENT DOLLARS
AMOUNTS IN M I L L I O N S OF DOLLARS
I
I
|
I
I
I
I

YEAR

PHYSICAL A S S E T S
TOTAL
TOTAL

REAL
ESTATE

612.
2987.
3881.
6398.
5458.
7289.
6777.
4485.
2071.
-2196.

MACHINERY
AND
MOTOR
LIVESTOCK
VEHICLES

1940...|
1941...|
1942...|
1943...|
1944...|
1945...|
1946...|
1947...|
1948...|
1949...|
I
1950...|
1951...|
1952...|
1953...|
1954...|
1955...|
1956...|
1957...|
1958...|
1959...|

8749.
6907.
7448.
10715.
10978.
1375.
—5045.

700.
6239.
8061.
8749.
6907.
7448.
10715.
10978.
1375.
-5045.

16403.
12518.
-4779.
-6211.
1773.
3193.
9654.
7149.
13789.
2581.

16403.
12518.
-4779.
-6211.
1773.
3193.
9654.
7149.
13789.
2581.

10911.
8125.
525.
-2435.
2619.
4430.
7275.
5249.
8486.
5492.

I
1960...|
1961...|
1962... |
1963...|
1964...1
1965...|
1966...|
1967...|
1968...|
1969...|

1314.
353.
1570.
406.

1201.
7694.
7065.
6736.
8779.
14182.
12174.
9958.
11734.
10005.

1201.
7694.
7065.
6736.
8779.
14182.
12174.
9958.
11734.
10005.

1189.
6152.
5512.
8051.
8654.
11285.
9108.
10295.
9034.
5427.

-131.
677.
961.
291.
508.
547.
642.
1264.
1325.
1034.

521.
451.
303.
-1822.
-1324.
3209.
1182.
—252 .

9352.
21053.
40372.
79792.
40959.
60884.
78408.

9352.
21053.
40372.
79792.
40959.
60884.
78408.

6463.
15747.
27731.
61314.
40504.
50628.
68381.

1886.
2481.
2255.
3066.
10459.
9192.
7463.

1970...|
1971...|
1972...|
1973...|
1974...|
1975...|
1976...|

700.
6239.

8061.

I

L_




84.
279.

1166.
926.
973.
-1427.
-515.
744.
876.
234.
397.
1215.
256.
79.
-49.

622.

99.
1385.
1941.
-410.
-151.
1021.
2629.
1936.
1278.
-1704.
3584.
1486.
-5227.
-2985.
-717.
-591.
738.
3076.
3273.
-2869.

MONETARY A S S E T S
HOUSEHOLD
STORED
EQUIPMENT
CROPS
AND
FURNISHINGS

-11.

NET
|
MONETARY|
A S S E T S I TOTAL
I

-84.
633.
492.
541.
373.
406.
1064.
577.

957.
581.
1294.
254.
160.
760.
3236.
-2936.
-753.

-626 •

731.
1220.
-239.
-825.

780.
472.
-94.
—46 .

86.

FINANCIAL
CURRENCY
AND BANK

DEPOSITS.

AND L I A B I L I T I E S
ASSETS

U.S.
SAVINGS
BONDS

I
DEBT
J INCLUDING
INVESTMENTS!
CCC
IN
|
LOANS
COO PER AT IVF 5v j

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

202.

-282.

-1269.
327.
-1530.
505.
-495.

1.
-0.
1.
-47.
47.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

2987.

-198.
503.
334.
350.
854.
-817.
1158.
-1648.
-96.
246.

-179.
-89.
-45.
-133.
87.
—43 .
85.
300.
310.
311.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

-553.
3197.
6227.
6584.
-18327.
5912.
380.

1245.
-648.
3618.
7806.
6381.
-6091.
693.

311.
276.
542.
1022.
1942.
1242.
1491.

0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.

1161.

L E S S

I M P L I C I T

"ET

INVESTMENT AND

INTER-SECTOR

TABLE

544.1

I M P L I C I T REAL C A P I T A L G A I N S
CURRENT DOLLARS
AMOUNTS I N M I L L I O N S OF DOLLARS
PHYSICAL

1
TOTAL
I
1
1
i
i
345.
1940... I
-673.
1941...1
1731.
1942...1
3081.
1943...I
3827.
1944...I
4093.
1945...1
19 4 6 . . . | - 1 1 3 8 0 .
-340.
1947...1
3718.
1948 . . . 1
-67.
1949...1
1
5102.
1950...1
6536.
1951...1
-3630.
1952...I
-6211.
1953...1
1223.
1954...|
3193.
1955...1
5051.
1956...1
3025.
1957...|
12587.
1958 . . . I
1290.
1959...1
l
-84.
1960...1
6424.
1961...1
4457.
1962...I
6075.
1963... 1
4119.
1964...I
10078.
1965...I
6468.
1966 . . . 1
4144.
1967...1
1358.
1968...1
-3408.
1969... 1
1
-197.
1970...1
10023.
1971...1
26625.
1972...I
42625.
1973...1
1974...! -21588.
31520.
1975...|
48288.
1976...1

YEAR

TOTAL

REAL
ESTATE

MACHINERY
AND
MOTOR
LIVESTOCK
VEHICLES

STORED
CROPS

HOUSEHOLD
EQUIPMENT
AND
FURNISHINGS

I
NET
I
MONETARY|
A S S E T S I TOTAL
I

AND L I A B I L I T I E S

FINANCIAL

ASSETS

CURRENCY
AND BANK

U.S.
SAVINGS

EEPNSJTF;

BONDS

I
DEBT
| INCLUDING
INVESTMENTS!
CCC
IN
|
LOANS

COOPERATIVES!

298.
-1571.
1149.
2875.
3867.
4255.
-9758.
450.
3584.
-256.

334.
-2371.
—646 .
2711.
3497.
5182.
-7336.
-2690.
3527.
893.

59.
-228.
685.
488.
752.
-1680.
-1761.
184.
1021.
640.

56.
555.
1089.
-1265.
-545.
668.
383.
687.
1540.
-1123.

-33.
495.
117.
844.
6.
-102.
-691.
2494.
-2757.
-407.

-118.
-22.
-96.
96.
157.
187.
-353.
-225.
254.
-259.

!
47.
1
897.
!
581.
1
206.
I
-40.
j
—163.
! -1622.
1
-790.
t
134.
1
189.

-36.
-733.
—681 .
—671 .
-401.
-489.
-3449.
-1671.
317.
647.

-27.
-542.
—506 .
-482.
-268.
-309.
-2171.
-1069.
196.
386.

-2.
-55.
-62.
-99.
-88.
-132.
-960.
-441.
86.
185.

-7.
-136.
-114.
-91.
-45.
-48.
-319.
-161.
34.
76.

83.
1631.
1262.
877.
361.
326.
1827.
882.
-183.
-458.

5416.
6663.
—3644.
-6211.
1224.
3193.
5024.
2988.
12572.
1259.

3738.
4338.
1252.
-2435.
2252.
4430.
4090.
2337.
7632.
4579.

-728.
617.
379.
79.
-118.
622.
741.
-156.
1429.
254.

2392.
762.
-5083.
-2985.
-761.
-591.
423.
2799.
3176.
-2992.

29.
885.
-174.
-825.
168.
-1269.
80.
-1740.
452.
-560.

-16.
60.
-18.
-46.
-318.
1.
-310.
-252.
-117.
-22.

I
1
1
1
1
1
1
1
1
I

-314.
-127.
15.
o.
-0.
o.
27.
37.
15.
32.

-1465.
-679.
123.
0.
—63 •
0.
-529.
-450.
-128.
-133.

-839.
-384.
70.
0.
—35 .
0.
-281.
—236.
-67.
-69.

-436.
-198.
35.
0.
-18.
0.
-153.
-127.
—36 •
—36 .

-190.
-96.
18.
0.
-11.
0.
-95.
-87.
—26.
-27.

1151.
552.

—130.
6367.
4315.
6032.
3758.
9733.
5932.
3548.
229.
-4915.

239.
5201.
3539.
7545.
4986.
7968.
4469.
5523.
432.
-5680.

-289.
524.
653.
212.
—46 .
56.
-32.
571.
41.
—627 .

416.
344.
79.
-1881.
-1691.
2922.
726.
-731.
350.
1912.

-252.
448.
214.
319.
627.
-999.
906.
-1901.
-510.
-317.

-245.
-150.
-170.
-164.
-118.
-214.
-138.
86.
-83.
-203.

|
1
I
|
1
|
1
1
1
!

46.
57.
141.
43.
360.
345.
537.
596.
1129.
1507.

-125.
-123.
-247.
—63 •
-435.
-384.
-516.
-515.
-913.
-1172.

-63 .
—60 .
-120.
—31 •
-213.
-190.
-259.
-260.
-470.
—610.

-32.
-32.
—61 .
-15.
-98.
-83.
-105.
-99.
—163 .
-199.

-29.
-31.
—66 .
-17.
-124.
-111.
-152.
-156.
-280.
-363.

2042.
2679.

-1297.
8773.
25024.
38304.
-28506.
28099.
44741.

-1398.
6671.
16446.
31048.
-10400.
2 5677.
42638.

710.
1088.
543.
-1320.
3747.
5520.
3562.

-1408.
2235.
4952.
2778.
-24760.
4293.
-1390.

847.
-1082.
3065.
6189.
3028.
-7624.
-585.

-48.
-140.
18.
-391.
—122.
233.
517.

I
1
I
1
1
I
1

1100.
1250.
1601.
4321.
6919.
3422.
3547.

-831.
-958.
—1163.
-2976.
-4335.
-1970.
—1902.

-433.
-504.
-615.
—1566.
-2258.
-992.
-937.

-136.
-145.
-172.
-446.
-632.
-285.
—265 *

-262.
-309.
—376.
-964.
-1444.
-693.
-701.

1931.
2209.
2764.
7297.
11253.
5392.
5450.

REAL C A P I T A L GAIN I S NOMINAL C A P I T A L
PURCHASING POWER OF THE TOTAL

SSuhs ass's




MONETARY A S S E T S

ASSETS

GAIN

(TABLE

543.1)

P L U S THE GAIN

OR LOSS

(IN

YEAR-END DOLLARS)

RESULTING

-108.
0.
63.
0.
557.
487.
143.
165.
171.

180.
389.

106.

795.
729.
1053.

1111.

FROM A CHANGE

the

I N THE

61

TABLE

6 2

545.1
IMPLICIT CAPITAL
IN
CAPITAL
NOMINAL

G A I N S COMPARED WITH FARM CASH FLOW AND NET
AMOUNTS I N M I L L I O N S OF DOLLARS

CURRENT DOLLARS

GAINS

I
A

-&EAL- J

FARM
CASH

IN
NET
FARM

CAPITAL

FLOW

INCOME

NOMINAL

1967

GAINS
REAL

DOLLARS*
|I
11
11

FARM
CASH
FLOW

NET
FARM
INCOME

INCOME

C A P I T A L G A I N S AS A
PERCENTAGE OF FARM
CASH FLOW
NOMINAL

REAL

CAPITAL GAINS AS A
PERCENTAGE OF NET
FARM INCOME
NOMINAL

REAL

1940...|
1941...|
1942...|
1943...|
1944...|
1945...|
1946...|
1947...|
1948...|
1949...|

700.
6239.
8061.
8749.
6907.
7448.
10715.
10978.
1375.
-5045.

345.
-673.
1731.
3081.
3827.
4093.
-11380.
-340.
3718.
-67.

5727.
8007.
12078.
14149.
14173.
14686.
17658.
18362.
21036.
16252.

4930.
7137.
10743.
12780.
12748.
13376.
16469.
16809.
19034.
13887.

1863.
15454.
17421.
16971.
12709.
13177.
17080.
14915.
1763.
—6686.

918.
—1668.
3740.
5976.
7041.
7241.
-18140.
-461.
4770.
—88.

15240.
19833.
26101.
27446.
26078.
25983.
28148.
24948.
26986.
21536.

13120.
17678.
23216.
24790.
23456.
23665.
26253.
22838.
24418.
18402.

12.2
77.9
66.7
61.8
48.7
50.7
60.7
59.8
6.5
-31.0

6.0
-8.4
14.3
21.8
27.0
27.9
-64.4
-1.8
17.7
-0.4

14.2
87.4
75.0
68.5
54.2
55.7
65.1
65.3
7.2
—36.3

7.0
-9.4
16.1
24.1
30.0
30.6
-69.1
-2.0
19.5
-0.5

1950...|
1951...|
1952...|
1953...|
1954...|
1955...|
1956...|
1957...|
1958...|
1959...|
j
1960...|
1961...|
1962...|
1963...|
1964...|
1965...|
1966...|
1967...|
1968...|
1969...|
j

16403.
12518.
-4779.
-6211.
1773.
3193.
9654.
7149.
13789.
2581.

5102.
6536.
-3630.
-6211.
1223.
3193.
5051.
3025.
12587.
1290.

17546.
20449.
19708.
17648.
17113.
16062.
16086.
16027.
18340.
16041.

14881.
17302.
16382.
14194.
13532.
12362.
12363.
12114.
14329.
11790.

21470.
15040.
-5678.
-7434.
2115.
3808.
11345.
8163.
15470.
2885.

6678.
7853.
-4313.
-7434.
1459.
3808.
5936.
3454.
14123.
1443.

22967.
24569.
23417.
21125.
20409.
19155.
18904.
18 3 0 0 .
20577.
17935.

19478.
20788.
19465.
16991.
16138.
14743.
14529.
13832.
16076.
13182.

93.5
61.2
-24.2
-35.2
10.4
19.9
60.0
44.6
75.2
16.1

29.1
32.0
-18.4
-35.2
7.1
19.9
31.4
18.9
68.6
8.0

110.2
72.3
-29.2
-43.8
13.1
25.8
78.1
59.0
96.2
21.9

34.3
37.8
-22.2
-43.8
9.0
25.8
40.9
25.0
87.8
10.9

1201.
7694.
7065.
6736.
8779.
14182.
12174.
9958.
11734.
10005.

-84.
6424.
4457.
6075.
4119.
10078.
6468.
4144.
1358.
-3408.

16979.
17691.
18061.
18089.
17050.
19896.
21367.
20521.
22928.

12642.
13303.
13531.
13393.
12147.
14785.
15983.
14221.
14321.
16354.

1334.
8514.
7711.
7279.
942 3 .
14880.
12407.
9958.
11242.
9200.

-93.
7108.
4864.
6564.
4421.
10574.
6592.
4144.
1301.
-3134.

18853.
19576.
19714.
19546.
18300.
20874.
21775.
20002.
19661.
21083.

14037.
14720.
14769.
14472.
13038.
15512.
16288.
14221.
13721.
15038.

7,1
43.5
39.1
37.2
51.5
71.3
57.0
49.8
57.2
43.6

—0.5
36.3
24.7
33.6
24.2
50.7
30.3
20.7
6 .6
-14.9

9.5
57.8
52.2
50.3
72.3
95.9
76.2
70.0
81.9
61.2

-0.7
48.3
32.9
45.4
33.9
68.2
40.5
29.1
9.5
-20.8

9352.
21053.
40372.
79792.
40959.
60884.
78408.

-197.
10023.
26625.
42625.
-21588.
31520.
48288.

23043.
24229.
30043.
47973.
41793.
41498.
38014.

16283.
16879.
22156.
39028.
31230.
28858.
24114.

8244.
17776.
32790.
59937.
27081.
36553.
44566.

-174.
8463.
21624.
32019.
-14273.
18924.
27446.

20313.
20457.
24400.
36036.
27632.
24914.
21607.

14354.
14251.
17995.
29317.
20648.
17326.
13706.

40.6
86.9
134.4
166.3
98.0
146.7
206.3

-0.9
41.4
86.6
88.9
-51.7
76.0
127.0

57.4
124.7
182.2
204.4
131.2
211.0
325.2

-1.2
59.4
120.2
109.2
-69.1
109.2
200.2

1970...|
1971...|
1972...|
1973...|
1974...|
1975...|
1976...|

20002.

c ? D ^ N r A c ^ N P , O,E,AAK C \ P I T A L G A I N S ARE D E F I N E D I N FOOTNOTES TO PRECEDING TABLES IN S E C T I O N 5 4 0 (ALSO SEE THE NOTES ON PAGE 3 9 ) .
FARM CASH FLOW AND NET INCOME INCLUDE LANDLORDS• NET RENTAL INCOME AND ALSO UNREALIZED AND NONMONEY INCOME ( T A B L E S 9 4 1 . 1 AND 9 4 2 . 1 ) ,
*

I ^ / ? I E E . D » F L
DATA SHOWN I N

A T 0 R




1967

U S E D

I S

DOLLARS

™ E ANNUAL AVERAGE USDA INDEX OF P R I C E S P A I D BY FARMERS FOR FAMILY L I V I N G I T E M S .
USE THE
WHEN COMPARING ACCUMULATIVE C A P I T A L G A I N S , CASH FLOW, AND INCOME OVER MORE THAN ONE Y E A R .

AGRICULTURAL

600

FARM

610

FINANCE

REAL

620

INDEX

MARKET

MARKET

AND

OF

DEVELOPMENTS,

AVERAGE

CREDIT

48

1977

STATES

VALUE

PER

ACRE,

1912-DATE

64

DEVELOPMENTS

621.1

MARKET A C T I V I T Y

622.1

CREDIT

630

AND

CONDITIONS,

PRICE

EXPECTATIONS,

1959-DATE

66

1961-DATE

68

TRANSFERS

631

ALL

TRANSFERS,

631.1

632

NUMBER,

TRANSFERS
AND

632.1
632.2
632.3

USE
641.1
642.1
643.1

650

ESTATE

NOVEMBER

SERIES

VALUES
611.1

640

DATABOOK—ANNUAL

METHOD

1950-DATE,

OF

DEBT,

BY

10

OR

OF

AND

MORE

TRANSFER
RATE,

1931-DATE . . .

ACRES—NUMBER,

CREDIT

IN

DISTRIBUTION

71
71

YEAR

OF

TRANSFERS
BEFORE
BEFORE

SALE
SALE

72
72
73

BY—

METHOD
METHOD

653.1
654.1
655.1

1954-DATE
75
T Y P E OF B U Y E R , 1 9 4 0 - D A T E
76
T Y P E OF S E L L E R ,
1950—DATE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 7
P R O B A B L E U S E OF P R O P E R T Y F I V E Y E A R S A F T E R P U R C H A S E , 1 9 7 2 - D A T E . . . . 7 8

EXCEPT AS
REALTORS,

OPERATION
OPERATION

1940-DATE
TRANSFERS COMPARED, 1 9 6 6 - D A T E
O F C R E D I T , BY L E N D E R , 1 9 6 4 - D A T E

651.1
652.1

SOURCE:

OF
OF

7 1

TRANSFERS

R E L A T I V E U S E OF C R E D I T ,
C R E D I T - F I N A N C E D AND ALL
PERCENTAGE D I S T R I B U T I O N

PERCENTAGE

VALUE,

1966-DATE

AMOUNTS
C H A N G E FROM P R E V I O U S Y E A R
P E R C E N T A G E C H A N G E FROM P R E V I O U S

OF

ACRES,

70

AND
AND

AFTER S A L E , 1 9 5 4 - D A T E
INTENDED USE AFTER S A L E ,

FARM R F A I
F S T A T E MARKET D E V E L O P M E N T S . I N P U T S AND F I N A N C E I N THE
AND F I B E R S E C T O R , N A T I O N A L E C O N O M I C A N A L Y S I S D I V I S I O N , E C O N O M I C
RESEARCH S E R V I C E , U . S . DEPARTMENT OF A G R I C U L T U R E .

NOTED
LOCAL




( T A B L E S 6 1 1 . 1 AND 6 3 1 . 1 ) , D A T A
B A N K E R S , C O U N T Y O F F I C I A L S , AND

ARE B A S E D
OTHERS.

ON

A SURVEY

OF

74

FOOD

FARM

TABLE

611.1
FARM REAL E S T A T E — I N D E X OF AVERAGE VALUE PER ACRE
( B A S E D ON DATA P R O V I D E D BY S R S CROP R E P O R T E R S )

MARCH

1

I
I

INDEX
1967=100

P E R C E N T A G E CHANGE
FROM P R E V I O U S
YEAR

MARCH 1
AND
NOVEMBER

1
|
INDEX
| 1967=100
|

1

22.3
23.0
23.7

*****
3.1
3.0

1942-HI . . . |
—H11...|

1915.
1916.
1917.
1918.
1919.

23.6
25.2
27.2
30.0
32.7

—0.4

1943—HI . . . |
- H I I . . . |

1920.
1921.
1922.
1923.
1924.

39
36
32
31
30

8
9
3
3
1

21.7
—7.3
-12.5
-3.1
-3.8

1925.
1926.
1927.
1928.
1929.

29.4
28.7
27.5
27.0

- 2 . 3
- 2 . 4
-4.2

.
.
.
.
.

26.8

7.9
10.3
9.0

-1.8
-0.7

1930.
1931.
1932.
1933.
1934.

26.3
23.7
19.8
17.0

4.9

1935.
1936.
1937.
1938.
1939.

17.6
18.4
19.0
19.2
18.9

3.5
4.5
3.3

—1*6

1940.
1941.

18.9
19.0

0.5

16.2




-1.9
-9.9
-16.5

-18.2

1.1

0.0

PERCENTAGE CHANGE
FROM P R E V I O U S

1
-1-

— YEAR

1

1912.
1913.
1914.

6.8

1
|
|

1 ANNUALIZED
1 PERCENTAGE
1 CHANGE FROM
1
PREVIOUS

-J

DATE

20.6
21.0

*****

8.4
*****

*****

1.9

22.6
23.7

7.6
4.9

9.7
12.9

22.9
7.3

25.8
27.0

8.9
4.7

14.2
13.9

26.6
7.0

28.6
30.1

5.9
5.2

10.9
11.5

17.8
7.9

32.3
34.4

7.3
6.5

12.9
14.3

21.9
9.8

36.2
37.4

5.2
3.3

12.1
8.7

15.7
5.0

1948—HI . . . |
—HII...|
j

39.1
40.8

4.5
4.3

8.0
9.1

13.6
6.5

1949-HI . . . |
- H I I . . . |

40.7
39.5

- 0 . 2
- 2 . 9

4.1
-3.2

- 0 . 7
- 4 . 4

1950-HI . . . |
—H11...|
j

39.9
43.4

1.0
8.8

-2.0
9.9

3.0
13.2

1951—HI . . . |
—HII...|

46.1
49.1

6.2
6.5

15.5
13.1

18.7
9.8

50.7
51.2

3.3
1.0

10.0
4.3

9.8
1.5

51.5
50.7

0.6
- 1 . 6

1.6
-1.0

1.8
- 2 . 3

j

j

1944—HI . . . |
-HII...I
j
1945—HI . . . |
-H11...|
j
1946—HI . . . |
- H I I . . . |
j
1947—HI . . . |
—HII...|
j

j

j
1952-HI . . . |
- H I I . . . I
j
1953—HI . . . |
- H I I . . . |

2.9

TABLE

611.1

FARM R E A L E S T A T E — I N D E X O F A V E R A G E V A L U E P E R ACRE
( B A S E D ON DATA P R O V I D E D BY S R S C R O P R E P O R T E R S )

1
MARCH 1
AND
NOVEMBER

1

INDEX
1967=100

1
1
1

1
1

DATE

L

52.1
52.9
54.2

1.5
2 . 5

4 . 1
4 . 0

4*6
3.7

1967—HI
. . . 1
- H I I . . . 1

54.9
57.1

1 . 3
4 . 0

3 . 8
5 . 4

3.9
6 . 0

1968—HI
. . . 1
- H I I . . . 1

58.4
60.2

2 . 3
3 . 1

6 . 4
5 . 4

6.8
4 . 6

1969—HI . . . 1
- H I I . . . 1

6 1 . 3
6 4 . 0

1 . 8
4 . 4

5 . 0
6 . 3

5.5
6 . 6

1970-HI
. . . I
—H11... 1

65.8
67.5

2 . 8
2 . 6

7 . 3
5.5

8 . 4
3 . 9

1971-HI
. . . I
- H I I . . . I

6 8 . 4
68.6

1 . 3
0 . 3

4 . 0
1.6

4 . 0
0 . 4

1972—HI . . . 1
- H I I . . . I

69.4
71.3

1.2
2 . 7

1.5
3.9

3.5
4 . 1

1973—HI
. . . 1
—HII•••1

73.1
75.2

2 . 5
2 . 9

5.3
5 . 5

7 . 6
4 . 3

1974-HI
. . . 1
- H I I . . . I
1975-HI
. . . 1
—HI1... I

1
1960-HI
. . . 1
- H 1 I . . . I

1
1961—HI
. . . 1
—H11... 1

1
1962—HI . . . 1
- H I I . . . I

1
1963-HI
. . . 1
—HII...1
1964-HI
. . . 1I
—HII•..1
1i
1 9 6 5 — H I . . . 1I
— H 1 1 . . . 11

*

STARTING
ARE

IN

1.9
4 . 5

5 . 3
6.5

5.7
6.8

1977—HI




OF

EACH

7 . 2
6 . 6

6 . 1
6 . 7

106.9
111.2

2 . 3
4 . 0

6 . 9
6 . 4

6 . 9
6 . 0

112.8
116.2

1 . 4
3 . 0

5.5
4 . 5

4 . 3
4.5

117.4
119.8

1 . 0
2 . 0

4 . 1
3 . 1

3 . 1
3 . 1

122.5
127.2

2 . 3
3 . 8

4 . 3
6.2

6.8
5.8

132.5
140.9

4 . 2
6 . 3

8 . 2
10.8

12.5
9 . 5

149.8
170.0

6 . 3
13.5

13.1
20.7

18.9
20.2

187.5
204.8

1 0 . 3
9 . 2

25.2
20.5

30.9
13.8

213.0
230.3

4 . 0
8 . 1

13.6
12.5

12.0
12.2

241.9
266.8

5 . 0
1 0 . 3

13.6
15.8

20.1
13.7

282.6

5 . 9

16.8

23.7

|

1976-HI
. . . I
—HI I . . . 1

SURVEY

2 . 0
4 . 5

|

8 . 3
4 . 9

RESPECTIVELY.

100.0
104.5

|

6 . 8
6 . 1

FIRST

10.7
7 . 6

|

2 . 8
3 . 3

THE

8 . 2
8 . 8

1

81.9
84.6

4 . 0 0 ,

3 . 6
5 . 0

1

4 . 9
6 . 0

AND

93.3
98.0

|

2 . 0
3 . 9

1976,

1.33

YEAR

IS

| ANNUALIZED
| PERCENTAGE
| C H A N G E FROM
|
PREVIOUS
1
DATE

YEAR

1

76.7
79.7

86.2
90.1

P E R C E N T A G E CHANGE
FROM P R E V I O U S

|

6 . 0
5.9

1

1
I

DATE

1
1
1966—HI
. . . 1
—HII... 1

1
1957-HI
. . . 1
—HI I . . . 1
1
1958—HI . . . 1
—H11 . . . 1
1
1959—HI . . . 1
—H11... 1

1

1
1
1

0 . 6
3.8

1
1956—HI
. . . 1
—H11... 1

MARCH 1 *
AND
NOVEMBER

I C H A N G E FROM
|
PREVIOUS
|
Q^TF

INDEX
1967=100

- 1 . 4
2.8

1
1955—HI
. . . 1
- H I I . . . I

1

ANNUALIZED
PERCENTAGE

0 . 2
2 . 6

50.8

1954—HI . . . 1
- H I I . . . 1

CHANGE

P E R C E N T A G E CHANGE
FROM P R E V I O U S

|
|

HADE

|

|
. . . 1
11
Li

ON

FEBRUARY

1,

AND

THUS

THE

FACTORS

FOR

COMPUTING

THE

ANNUALIZED

TABLE

621.1
MARKET

MARCH 1
AND
OCTOBER

1
1
|.
|
|

1

CHANGE

FARMS

1
1
1
1
1959—HI
. . . |
—HII. . . |

OFFERED

FOR

SALE

LITTLE

DECREASED

****

* • * *

****

14.

54.

32.

. . . |

- H I I . . . |
. . . {

—HII... I

****

****

****

18.

54.

18.
15.

. . . |

—HI I . . . |
. . . |

—HII . . . |
. . . |

—HI I . . . |
. . . |

- H I I . . . |
. . . |

- H I I . . . |
. . . |

- H I I . . . |
. . . |

—HII...|

L.




EXPECTING

INCREASE
OF 5 S
OR MORF

LITTLE
CHANGE

DECREASE
O F 5%
n n MORE
yno r
_JJR

6 .

28.

21.
13.

50.
31.

29.
56.

13.
9.

74.
73.

13.
18.

65.
54.

17.
31.

17.
29.

51.
40.

3 2 .
31.

8.
17.

77.
78.

15.
5.

17.
12.

64 .
56.

19.
32.

29.
29.

51.
41.

20.
30.

18.
18.

76.
77.

6 .
5.

18.
12.

63.
54.

19.
34.

32.
33.

53.
43.

15.
24.

20.
22.

74.
7 4 .

6 .
4.

****

****

****

****

15.

***•

6 2 .

2 3 .

****

26.

****

****

54.

****

20.

23.

72.

5.

19.
11.

63.
53.

19.
32.

35.
34.

51.
48.

14.
16.

30.
51.

66.
47.

4 .
2 .

12.
10.

50.
50.

35.
36.

44.
29.

4 3 .
48.

11.
20.

57.
46.

40.
46.

3.
8 .

12.
17.

55.
55.

30.
26.

31.
32.

48.
47.

18.
19.

46.
44.

50.
50.

4 .
6 .

18.
19.

56.
55.

26.
26.

33.
31.

48.
46.

19.
23.

44.
41.

50.
51.

6.
8 .

18.
20.

56.
54.

26.
26.

28.
23.

47.
40.

25.
37.

38.
30.

52.
51.

10.
20.

1
1969-HI

RESPONDENTS

**•*

1
1968-HI

DECREASED

OF

75.

1
1967-HI

PERCENT

****

I
1966—HI

CHANGED
LITTLE

19.

1
1965—HI

FARMLAND

****

1
1964—HI

INCREASED

FOR

P R I C E CHANGE E X P E C T E D
IN THE FOLLOWING YEAR

12.
31.

I
1963-HI

EXPECTATIONS

51.
43.

I
1962-HI

PRICE

37.
26.

1
1961-HI

INQUIRIES

CHANGED
INCREASED

AND

I N M A R K E T A C T I V I T Y FROM A Y E A R E A R L I E R
P E R C E N T A G E OF R E S P O N D E N T S R E P O R T I N G

1
1960—HI . . . |
- H I I . . . |

ACTIVITY

TABLE

621.1

MARKET A C T I V I T Y
CHANGE

AND
OCTOBER

1

FARMS

1
1

INCREASED

AND

PRICE

EXPECTATIONS

OFFERED
CHANGED
LITTLE

FOR

SALE

DECREASED

INQUIRIES

INCREASED

FOR

I P E R C E N T OF R E S P O N D E N T S

FARMLAND

CHANGED
LITTLE

P R I C E CHANGE EXPECTED
I N THE FOLLOWING YEAR

|
|

I N MARKET A C T I V I T Y FROM A YEAR E A R L I E R
PERCENTAGE OF R E S P O N D E N T S R E P O R T I N G

DECREASED

| INCREASE
I
OF 5%
1 OR MORE

LITTLE
CHANGE

cXrtt1INb
DECREASE
OF 5%
OR MORE

1970—HI . . . 1
-HII.e.l

19.
17.

53.
53.

28.
30.

19.
21.

41.
40.

40.
39.

I
I

25.
27.

59.
61.

16.
12.

1971—HI . . . 1
-HII...I

19.
18.

56.
58.

25.
24.

25.
36.

46 .
45.

29.
19.

|
|

30.
36.

60.
58.

10.
6.

1972—HI . . . 1
—HI1... 1

20.
15.

58.
58.

22.
27.

46.
54.

45.
41.

9.
5.

|
I

48.
64.

49.
35.

3.
1.

1973—HI . . . I
—HII.••1

16.
12.

54.
50.

30.
38.

62.
62.

34.
34.

4.
4.

|
|

71.
70.

28.
28.

1.
2.

1974—HI . . . 1
—H11... 1

13.
13.

49.
53.

38.
35.

60.
31.

34.
43.

6.
26.

I

70.

1

42.

28.
46.

2.
12.

1975-HI . . . I
—HII•• • 1

18.
16.

52.
54.

30.
30.

18.
26.

40.
47.

42.
27.

1
|

23.
45.

54.
49.

23.

1976-HI . . . |
—HII..• 1

16.
17.

58.
58.

27.
25.

35.
32.

49.
50.

16.
18.

1
1

47.
50.

48.
43.

7 .

1977—HI

20.

57.

23.

35.

49.

16.

1

59.

35.

6 .

...1




7 .

5.

TABLE

622.1

68
CREDIT

MARCH 1
AND
OCTOBER

CHANGE

1

CREDIT

AVAILABILITY

..SAME

****

****

19.

. .

****

- H I I . .

27.

68.

****

****

. .

—HII• •
1962—HI

1963—HI

. .

28.

- H I I . .
1964—HI

****
28.

. .

- H I I . .
1965—HI

. .

25.
30.

- H I I . .
1966—HI

20.

. .

- H I I . . ,
1967—HI

4.

22.

. .

- H I I . . ,
1968—HI

14.

8.

. . .

16.

- H I I . . .
1969—HI

. . .

7.
3.

- H I I . . .

1 9 6 5

100

I N C R E D I T C O N D I T I O N S FROM S I X M O N T H S
P E R C E N T A G E OF R E S P O N D E N T S R E P O R T I N G

HIGHER.
1961—HI

PER

CENT,

WITH




CONDITIONS

INTEREST

-LOWER.,
****

7 3 .

8.

****

****

HIGHER.

RATES

SAME

LOWER.

****
****

****
****

****
****

****

****
****

****
****

****
****

****
****

****
****

5.
****

EARLIER

6 9 .

3.

****

****

6 7 .

5.

****
****

****
****

****
****

62.

7 0 .

5.
4.

****
****

****

****
****

5 6 .
2 4 .

20.

****

69.

****

****

****
****

4 2 .
5 6 .

3 3 .
25.

****
****

****
****

****
****

4 7 .
58.

26.

45.

87.
71.

27.

2.

92.
****

7.
****

1.
****

4 9 .

44.
6 9 .

28.

THROUGH OCTOBER
THE D I F F E R E N C E

1967,
BEING

12.

T H E P E R C E N T A G E S SHOWN DO N O T
R E S P O N S E S OF "DON *T K N O W . "

1.

TOTAL

TABLE

6 2 2 . 1
CREDIT
"CHANGE

MARCH

1

AND
OCTOBER

CREDIT

1

-HIGHER

I N C R E D I T C O N D I T I O N S FROM S I X M O N T H S
P E R C E N T A G E OF R E S P O N D E N T S R E P O R T I N G
INTEREST

AVAILABILITY

.SAME

SAME

LOWER

88.
•***

11.
****

1.
****

5 1 .

6 7 .
4 0 .

1971—HI
.
—HI I •

46.
34.

4 2 .
5 6 .

12.
10.

1972—HI
.
-HII.

48.
4 3 .

4 8 .
5 4 .

4 .
3 .

1973—HI
- H I I .

3 9 .

16.

5 6 .
4 7 .

5 .
37.

28.

5 8 .

55.

3 8 .

14.

81.

28.

7 0 .

87.

12.

53.
52.

10.
11.

14.
15.

69.
7 5 .

9 .

71.

17.

4 8 .

3 5 .

1976—HI
.
- H I I .

29.
24.

6 5 .

1977—HI

30.

62.




5 7 .

2 7 .
4 5 .

1975-HI
.
- H I I .

.,

7.

31.

62.

2 3 .

68.

61.

17.

56.

28.
61.

12.

3 9 .
8 7 .

14.

4.

16.

RATES

HIGHER

3 0 ,

1974—HI
.
-HII,

EARLIER

LOWER

3.
9,

1970-HI
- H I I .

CONDITIONS

12.

21.
5 .

2.
1.
5.
1.

20.
3 .
17.

10.

21.

69

TABLE

631,1
70

FARM R E A L E S T A T E T R A N S F E R S BY M E T H O D OF T R A N S F E R
( B A S E D ON D A T A P R O V I D E D BY S R S C R O P R E P O R T E R S )

MARCH

NUMBER

1
|.
|

YEAR
ENDING
1*

TRANSFERS

1

|

TOTAL

1931
1 9 3 2 . . , .
1 9 3 3 . . . . . |
1 9 3 4 . . . . . *
1935
|
1936
|
1937
|
1938
|
1939
|
1 9 4 0 . . . » . |
1941
|
1942
|
1943
|
1 9 4 4 . . . . . |
1945
|
1 9 4 6 . . . . . |
1947
|
1948•* . . . |
1 9 4 9 * . . . . |
1950
|

1
|

1953
|
1954
|
1955.
I
1 9 5 6 . . . .
1 9 5 7 . * |
1958..
. . |
1959
1
I 9 6 0 . . . . , |
1 9 6 1 . . . . . |
1962
|
1963
|
1964
|
1965
|
1966
|
1967
|
1 9 6 8 . 3 , E . |
1969
|
1970
1
1 9 7 1 . . , . . |
1 9 7 2 . . . . . |
1973
|
1974
|
1 9 7 5 . . . . . |
1976
1
1977
|

METHOD

I

1
1

1
1.
1
|
|

1951
1952

OF

VOLUNTARY

*
*
*
*

*****
*****
*****

*****
*****
*****
*****
*****
*****
*****

*****
*****

*****
*****

*****
*****
*****
*****
*****
*****
*****

280.9
282.5
264.8
240.2
215.6
201.2
205.6
189.1
181.2
174.5
169.1
154.6
154.7
146.0
148.1
139.7
139.7
131.7
127.6
125.6
111.2
111.6
127.7
145.7
151.2
123.0
107.9
108.8

199.7
206.1
190.1
168.7
143.0
137.7
133.9
123.9
117.3
112.1
109.8
9 7 . 3
9 5 . 8
92.9
95.5
8 9 . 7
9 3 . 7
9 1 . 2
87.5
85.6
75.6
7 4 . 6
9 0 . 0
107.0
106*9
83.2
71.8
7 0 . 7

42.0
38.7
35.6
34.0
33.5
29.5
38.6
34.8
34.3
35.0
32.3
32.3
34.6
31.2
29.5
29.3
27.4
21.6
20.4
20.4
17.8
17.7
18.5
21.2
21.4
18.4
16.1
16.5

*
*
*
*

*
*
*
*

IANSFERS

TRANSFER
TOTAL

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

*
*
*
*

OF

ESTATE
SETTLEMENT

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*
*
*
*

(THOUSANDS)

FORECLOSURE

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

*
*
*
*
*

*
*
*
*
*

*
*
*
*
*

*
*
*
*
*

OTHER

*
*
*
*
*

*****
*:%•<*.**

***. A*
*****

*****
7 . 5
7 . 8
8 . 1

31.8
29.8
3 1 . 0
2 6 . 1
25.8
2 5 . 6
23.4
2 2 . 4
23.1
21.5
21.2
19.9
18.9
17.9
18.2
16.3
15.9
16.6
16.7
16.9
14.7
15.7
15.7
14.1
2 0 . 6
17.9
16.1
18.1

11.3
13.4
8 . 4
9 . 7
8 . 0
6 . 5
5.9
5 . 8
5.1
5 . 4
4 . 0
4 . 9
4 . 5
2 . 8
2 . 4
3 . 0
2 . 7
2.9
3.6
3 . 5
3 . 4
2 . 2
3 . 4
3.8
3 . 6

I
*

STARTING

IN

1976,




DATA

ARE

FOR

THE

YEAR

ENDING

FEBRUARY

1.

THE

FARM

REAL

OF

THE

METHOD
VOLUNTARY

6.19
7 . 6 7
9.36
7.86
6.91
7.29
7 . 4 0
6.54
6.38
6.30
6.37
6.61
6 . 7 0
7 . 6 1
6.97
7.50
7.58
6.59
5.69
5.22
5 . 4 0
5.21
4 . 8 7
4.51
4.65
4.97
4.78
4 . 8 0
4 . 8 0
4.71
4 . 4 4
4.59
4.48
4 . 6 9
4.64
4 . 6 3
4.45
4.42
4.48
4 . 1 4
4.28
4 . 7 9
5.59
5.83
4.78
4.27
4 . 3 0

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

PERCENTAGE

1
|
1

*****
*****
*****
*****
*****
*****
*****
*****
*****

*****
*****
*****
*****
*****
*****
*****
*****
*****

AS

ESTATF

OF

ESTATE
SETTLEMENT

1.90
1.62
1.68
1.78
1.94
2.48
3 . 1 5
3.05
2.97
3.02
3.41
4.17
4.58
5.59
5.15
5.74
5.77
4.90
4.08
3.71
3.94
3 . 7 4
3.42
2.99
3.19
3.23
3.13
3.12
3.13
3.07
2.81
2.85
2.85
3.03
3.03

3.04
3.06
2.78
2.87
3.40
4 . 1 0
4.12
3.23
2.81
2.80

0.57
0.62
0 . 7 0
0 . 6 7
0.71
0.74
0.84
0.82
0.80
0.82
0 . 8 1
0.80
0 . 8 1
0.92
0.90
0.92
0.99
0.92
0 . 8 4
0.78
0 . 7 4
0 . 7 0
0.69
0 . 7 0
0.69
0 . 9 4
0.88
0 . 9 1
0.95
0.90
0 . 9 3
1.02
0 . 9 6
0 . 9 1
0 . 9 4
0 . 9 0
0.73
0.70
0.72
0 . 6 5
0 . 6 6
0.68
0 . 8 1
0 . 8 3
0.72
0 . 6 3
0 . 6 5

SITUATION

PROVIDES

3.11
3.09

TOTAL

NUMBER

OF

FARMS

TRANSFER
FORECLOSURE

1.87
2 . 8 4
3.88
2 . 8 0
2 . 1 0
2 . 0 3
1.81
1.43
1.35
1.26
1.05
0.62
0 . 4 4
0 . 3 1
0.19
0.15
0 . 1 1
0 . 1 0
0.12
0 . 1 4
0 . 1 5
0.16
0 . 2 3
0.28
0 . 2 0
0.23
0 . 2 0
0.17
0.16
0.16
0.15
0 . 1 6
0.12
0.16
0 . 1 4
0 . 0 9
0.08

1.85
2.59
3 . 1 0
2 . 6 1
2 . 1 6
2 . 0 4
1.60
1 . 2 4
1.26
1.20
1.10
1.02
0.87
0.79
0 . 7 3
0 . 6 9
0 . 7 1
0 . 6 7
0.65
0.59
0 . 5 7
0.61
0 . 5 3
0 . 5 4
0.56
0 . 5 4
0 . 5 4
0 . 5 9
0.58
0 . 5 9
0.57
0.56
0 . 5 5
0.58
0 . 5 3
0 . 5 4
0 . 5 5
0.57
0.60
0.55
0.63
0.57
0 . 5 4
0 . 7 9
0 . 7 0
0.68
0.71

0 . 1 1
0 . 1 0
0.16
0 . 1 4
0.14
0.13
0.09
0 . 1 3
0 . 1 5
0 . 1 4

DATA

BACK

OTHER

TO

1926.

SECTION

632

FARM REAL
ALL

YEAR
ENDING
MARCH 1

NUMBER
OF
TRANSFERS
(THOUSANDS*

ESTATE

CREDIT—FINANCED

TRANSFERS

VALUE
A C R E S SOLD
$
I
TOTAL
PER
I MILLIONS
I
I (THOUSANDS)
TRANSFER I
OF

i

t

DOLLARS

NUMBER
OF
TRANSFERS
(THOU-

PER
ACRE

SANDS)

(DOLLARS)

632.1
196 6
196 7
1966
1969
197C
197 1
197 2
197 3
197 4
1 9 7 5 . . . , .
19 t o* • » • •
1977»*#*.

113.6
110.7
104.6
100.0
89.0
90.0
105.9
125.0
125.0
99.1
85.4

5324.
5770.
5486.
5360.
5368.
5135.
7248*
10593.
14202.
11827.
12213.
15147.

233.
233.
230.
221.
247.
221.
257.
291.
334.
272.
271.
?74-

26498.
25786.
24067.
22139.
22014.
19891.
27249.
36314.
41761.
26978.
23142.

-1

2 . 9
5.9
4.8
1.0
1.0
15.9
19.1
0.0
-2 5.9
-13.7

446.
-284.
-126.
8.
—233.
2113.
3345.
3609.
-2375.
386.
2934.

-0.
-3.
- 8 .
26.
-26.
36 .
33.
44.
—62 .
- 1 .
3.

-712.
-1719.
-1928.
-125.
-2123.
7358.
9065.
5447.
-14783.
-3836.
Q_

6%?.3
1967.....1
1968.... * I
1969..**.(
1970*.•».1
1971.* . . . I
1972..,..1
1973
1
1974
1
1975.....1
1976*....1

ON

—2 . 6
- 5 . 3
- 4 . 6
-11.0
1.1
17.7
18.C
0.0
-20.7
-13.8

-0.9

THE C R E D I T - F I N A N C E D




1.0

0.0

TRANSFERS

8.4
-4.9
—2*3
0.1
-4.3
41.1
46.2
34.1
-16.7
3.3

-0.1
-1.4
-3.6
11.7
-10.6
16.4
12.9
15.0
-18.5
—0.5

- 2 . 7
- 6 . 7
—8 . 0
—0.6
- 9 . 6
37.0
33.3
15.0
-35.4
-14.2

AS

,

PERCENTAGES

24.0

I
|
|
I
|
|
I
I
|
|
I
1

201.
224.
228.
242.
244.
258.
266.
292.
340.
438.
528.
654.

CHANIftp

632-2
1967 » . . « . !
1968
1
1969.«...|
1970.....1
1971.....1
1972.....1
1973.....1
1974...».1
197 5 » • • » . !
1976.... * I

TRANSFERS

23.
4.
14.
2.
14.
8.
26.
48.
98.
89.
127.

6.2
0
5
3
9

.
.
.
.

7
9
0
7

16.6

28.9
20.4

78.8
79.8
67.7
70.2
61.1
74.5
85.6
105.6
103.7
84.8
71.8
73.3

FRO*
1.0
-12.1
2.5
-9.1
13.4
11.1
20.0
-1.9
-18.9
-13.0

1.5

1.3
-15.2
3.7
-13.0
21.9
14.9
23.4
-1.8
-18.2
-15.3

24*0

OF DATA ON ALL

I

I

VALUE
MILLIONS
OF

PER
ACRE

4014.
4398.
3651.
4219.
3708.
4414.
5990.
8943.
12300.
10195.
10167.

****

DOLLARS . I D O L L A R S )

|
DEBT
| (MILLIONS
I
OF
I DOLLARS)

I

AMOUNTS

P E R C E N T A G E CHANGE
11.4
1.9

ACRES SOLD
I
I
PER
I
TOTAL
I
TRANSFER|
j(THOUSANDS)

TRANSFERS

******

****

19242.
15854.
17521.

241.
234.
250.

16000.

262.

16887.
22701.
29896.
38574.
24205.
20131.

227.
265.
283.
372.
285.

_20122.
PREVIOUS

280.
275.

229.
230.
241.
232.

261.

264.
299.
319.
421.
505.

2894.
3211.
2703.
3152.

2682.
3239.
4440.
6960.
9285.
7763.
7623.

9736.

12752.

634.

384.
-747.
568.
-511.
706.
1576.
2953.
3357.
-2105.

*****
2.
11.
-9.
30.
2.
35.
20.
102.
84.
129.

317
-508
449
-470
557
1201
2520
2325
-1522
-140

*****

11.0
-15.8
16.6
-14.9
20.8
37.1
56.8
33.4
-16.4
-1.8

YEAR

*******
-3388.
1667.
-1521.
887.
5814.
7195.
8678.
-14369.
-4074.
-9.
FROM P R E V I O U S
*****
-17.6
10.5
-8.7
5.5
34.4
31.7
29.0
-37.3
-16.8
-o.o

*****
- 7 .
15.
12.
-35.
39.
18.
89.
- 8 7 .
—5 .
- 6 .

-28.
2585.

2113

YEAR
*****
-2.9

6.6

4.9
-13.4
17.0
6.8
31.4
-23.3
-1.8
- 2 . 1

9.6
-17.0
15.6
-12.1
19.0
35.7
49.3
37.5
-17.1
—0.3
25.4

0.8
4.6
- 3 . 8
12.8
0.9
13.4
6.6
32.1
19.9

25.5

27.7

TRANSFERS.
71

TABLES

641.1

641.1

AND

USE

OF

642.1
CREDIT

IN

TRANSFERS

642.1

PERCENTAGE

I
OF
I
1 TRANSFERS
|
ON WHICH
|
D E B T WAS
INCURRED
I

YEAR
ENDING
MARCH

1

L
I
|
|
|
|
|
|
|
|
|
|

1940
194 1
194 2
194 3
1944
194 5
1946
194 7
194 8
194 9

I
1 9 5 0 . . . . . |
1951
|
1952. , . . . |
1 9 5 3 . . . . . |
195 4
|
195 5
|
195 6
|
195 7
|
195 8
|
195 9
|
I
I 9 6 0 . . . . . |
196 1
|
1962
|
196 3
|
196 4
|
196 5
|
196 6
|
196 7
|
196 8
|
196 9
|
I
|
|
|

197 0
197 1
197 2
1 9 7 3 . . . . . |
1974
|
197 5
|
197 6
|
197 7
|

L_




CREDIT-FINANCED

CREDIT-FINANCED
DEBT AS
PERCENTAGE
OF
PURCHASE
PRICE

SALES

ACRES
NUMBER
OF
TRANSFERS

TOTAL

AS

TRANSFERS

PERCENTAGE

SOLD

I
__l.
AVERAGE |
PER
|

52.
55.
48.
44.
44.
43.
47.
52.
56.
58.
54.
56.

60.
62.
64 •
67.

68.

67.
67.
67.
67.
71.
73.
73.
73.
77.

80.
79.

80.

78.
84.

82.

86.
86.
88.
87.

88.

66.
68.

*****
*****
*****

*****
*****
*****

****
****
****
****
****
****
****
****

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

****
****
****
****
****
****
****
****

*****
*****
*****
*****
*****
*****
*****
*****

****
****

*****
*****

****
****

*****
*****

****
****

****
****
****
****

*****
*****
*****
*****
*****

****
****
****
****

*****
*****
*****
*****
*****
*****
*****

5
5
5
5
5
5

****
****
****
****
****
****
****

****
****
****
****
****
****
****

*#*$
****
****
****
****
****
****
****
****
****

****
****

.
.
.
.
.
.

57
54
55
56
59
59

.
.
.
.
.
.

61.
63.
64 .
64.
65.

66.
68.
70.
71.
72.
72.
73.
74.
74.
73.
73.
74.
78.
75.
76.
76.
77.

****
****
****
****
****
****
6 9 . 4

****

72.1
64.6
70.2

74.6
65.9
79.1

68.7

7
8
8
8
9
8

82.8
80.8
8
8
8
8

4
3
5
4

.
.
.
.

5
0
6
1

86.6

PER

****
****
****
****
****
****
****
****
****
****

64.

2
4
3
2
2
9

.
.
.
.
.
.

7
9
3
3
4
7

87.0
86.9

*****
*****
*****
*****

103.5

102.0

75.4
76.2

66.6

112.7

78.7

99.5

105.9

69.1

9 5 . 0
101.3
99.2
102.5
93.8
96.1
9 5 . 7
96.9

102.6
103.1
97.5
111.3
104.9
103.5
100.3

ALL

TRANSFERS

DEBT
OF

A S PERCENTAGE
VALUE O F —

VALUE

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

****
****
****

8
7
6
6
7
6

SALES

ACRE

****
****
****

60.

ALL

WITH

TOTAL

TRANSFER I
***

OF

COMPARED

86.0

82.6
84*4

86.6
86.2
83.2
84.2

102.1
101.0

ALL
TRANSFERS

CREDITFINANCED
TRANSFERS

****
****
****
****
****
****
****
****
****
****

****
****
****
****
****
****
****
****
****

****
****
****
****
****
****
****
****
****
****

****
****
****
****
****
****
****
****
****
****

****
****
****
****
****
****

****
****
****
****
****
****

54
55
4 9
58

7
7
7
7

.4
.6
. 3
.8

50.0
6 3 . 1
61.3
65.7
65.4
65.6
62.4
6 4 . 3

****

2
3
4
4

.
.
.
.

1
0
0
7

7 2 . 3
7 3 . 4
74.1
77.8
75.5
7 6 . 1
7 5 . 0
76.3

TABLE

643.1

PERCENTAGE

SELLERS

YEAR
ENDING

HAftGH—1

DISTRIBUTION
OF

OF

CREDIT

FOR

FARM

REAL

|COMMERCIAL|INSURANCE
|
BANKS
(COMPANIES

FARMS

TOTAL

-

EXTENDED

TOTAL

CONTRACT

MORTGAGE

1

I

ESTATE
|
|

PURCHASES

FEDERAL
LAND

1 ..BANKS

I
I

OTHER
LENDERS

1

1964

100.

4 7 .

****

****

9 .

20.

7.

17.

1965

100.

4 4 .

****

****

9.

20.

8.

19.

1966

100.

3 8 .

****

****

10.

26.

10.

16.

1967

100.

4 9 .

****

****

11.

15.

11.

14.

1968

100.

54.

****

****

11.

17.

9.

9.

1969

100.

4 9 .

4 2 .

7.

10.

19.

13.

9.

1970

100.

6 1 .

53.

8.

9 .

8 .

12.

10.

1971

100.

5 1 .

44.

7.

12.

8.

21.

8.

1972

100.

46 *

****

****

11.

11.

24.

8.

1973

100.

4 2 .

32.

10.

11.

11.

30.

6.

1974

100.

4 4 .

32.

12.

10.

11.

25.

10.

1975

100.

4 3 .

3 0 .

13.

7 .

7 .

33.

11.

1976

100.

4 4 .

33.

11.

10.

9 .

30.

8.

1977

100.

3 9 .

29.

10.

10.

13.

28.

11.

D A T A ARE B A S E D ON U N W E I G H T E D R E P O R T S B Y R E A L E S T A T E B R O K E R S A N D O T H E R S I N T H E U S D A S U R V E Y .
P R I O R TO
1968,
P U R C H A S E S F I N A N C E D BY TWO OR MORE L E N D E R S ARE I N C L U D E D W I T H " O T H E R L E N D E R S . H
FOR 1 9 6 8 - 1 9 7 2 ,
A L L C R E D I T E X T E N D E D I N C O N N E C T I O N W I T H S U C H P U R C H A S E S I S T A B U L A T E D A C C O R D I N G TO T H E S O U R C E O F THE
PRIMARY C R E D I T .
BEGINNING IN 1 9 7 3 ,
T H E D A T A I N D I C A T E THE D I S T R I B U T I O N O F F U N D S A C T U A L L Y E X T E N D E D BY
EACH

LENDER

GROUP.




TABLE

74

6 5 1 . 1
PERCENTAGE
METHOD

OF

OPERATION

DISTRIBUTION

BEFORE

YEAR
ENDING
MARCH

COMPLETE
1

TOTAL

PART

OF

FARM

ANOTHER
FARM
2 2 .

OF

SALE

FARM

REAL

|
1

PART-TIME

METHOD

|

FARM

|
1

ESTATE
OF

TRANSFERS
OPERATION

COMPLETE

AFTER

PART

OF

SALE
PART-TIME

TOTAL

FARM

ANOTHER
FARM

6 5 .

29.

6 .
6.

FARM

5.

1
|

100.

2 4 .

5.

1
|

100.

6 2 .

2 4 .

6 .

|

100.

6 0 .

32.
33.

2 6 .

5.

|

100.

5 5 .

38.

2 8 .

6 .
6 .

|
|

100.

8.

100.

53.
4 9 .

39.

2 9 .

42.

9.

6 5 .

3 0 .

5.

1
|

100.

6 4 .

3 1 .

5.

100.
100.
100.

6 2 .

3 2 .
3 1 .

6 .
7.

|
|
|

3 4 .

6 .

|

1954

100.

7 3 .

1 9 5 5 . . . . .
1956

100.
100.

7 1 .
7 0 .

1957

100.

6 9 .

1958

100.

1959

100.

66 .
6 5 .

1960

100.

1961
1962
1 9 6 3 . . . . .
1964

6 2 .
6 0 .

7.
7.

100.

4 8 .

4 4 .

8.

100.
100.

4 6 .
46 .

4 6 .

100.
100.

4 3 .

48.
50.

8.
8.
9 .

4 2 .

46.

8 .

1965

100.

5 8 .

3 5 .

7.

1
|

1966
1967

100.

3 8 .

100.
100.

53.

5 7 .

9 .

3 5 .
3 6 .

8.
9 .

|
|

3 5 .

54.

1968
1969

100.
100.

100.
100.

3 5 .

3 8 .
3 8 .

12.

|

2 9 .

10.

|

100.
100.

53.
57.
60.

11.
13.
14.

1970
1 9 7 1 . . . . .
1972

100.

4 0 .

I
|
|
|

100
100
100
100

2 5 .
2 6 .
3 0 .

5 5 .
5 0 .
5 2 .

100.

4 9 .
4 6 .
5 2 .
5 3 .

4 1 .
3 9 .

1 1 .
10.
9 .
9 .

1974

100.
100.
100.

3 7 .

10.

|

100.

1975

100.

1976
1977

100.

4 5 .
4 9 .

4 5 .
4 2 .

10.
9 .

|
|

100.

4 3 .

4 7 .

10.

|

100.

1973




5 0 .

4 4 .

1

.
.
.
.

2 7 .

61.

13.
14.
15.

3 1 .
3 4 .

59
56
57
54

.
.
.
.

12.
12.

100.

2 8 .

59.

13.

100.

2 9 .

59.

12.

2 5 .

63.

12.

14.

JABLE

652.1

YEAR
ENDING
MARCH 1

1954
195 5
195 6
195 7
195 8
195 9
196 0
196 1
196 2
196 3
1 9 64
196 5
196 6
196 7
196 8
196 9
197
197
197
197
197

0
1
2
3
4

197 5
197 6
197 7

PERCENTAGE
1
1
1
1
I
1
1
1
|

METHOD OF

1
1
1

COMPLETE

1
1
1
1
I
1
1
I
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1




|

INTENDED

1
| COMPLETE
j
FARM
|
100.
100.
100.
****
100.
100.

OPERATION
PART OF
ANOTHER
FARM

OF

FARM REAL

OPERATION

PART OF

FARM

$

TOTAL

DISTRIBUTION

ESTATE

BEFORE

ANOTHER

TRANSFERS

SALE—
PART-TIME

FARM

S A L E - | INTENDED OPERATION AFTER S A L E —
1
PART-TIME
PART OF
P A R T - T I M E 1 COMPLETE
FARM
ANOTHER
I
FARM
FARM
FARM
1

AFTER

INTENDED
COMPLETE
FARM

FARM

OPERATION
PART OF
ANOTHER
FARM

AFTER

SALE—

PART-TIME
FARM

1
1
1

6.

15.

1.

1.

1.

3.

2.
3.
****
3.
3.

1
1
j

6.
6 •
****

1.
2.
****
1.
1.

3.
3.
****

6.
5.

1.
1.
****
1.
2.

1.
1.
****

1
1
j

17.
17.
****
21.
22.

1.
1.

4.
4e

20.
21.
20.
22.
22.

3.
3.
3.
3.
3.

1
I
|
1
1
1

5.
5.
6.
5.
6.

23.
24.
24.
24.
26.

2.
2.
2.
2.
2.

1.
1.
1.
1.
1.

1.
1.
2.
2.
2.

3.
3.
3.
4.
3.

32.
29.
30.
23.
22.

23.
24.
21.
23.
26.

3.
4.
4.
4.
4.

1
1
|
j

5.
5.
4.
4.

1
i

4.

28.
27.
28.
30.
30.

2.
3.
4.
4.
4.

1.
1.
1.
2.
1.

2
3
3
4
4

4.
4.
5.
6.
5.

1
|

58.

13.

2.

1
|
1
j

55.
52.
****

|
|

45.
43.

14.
15.
****
16.
19.

42.
40.
39.
37.
35.

100.
100.
100.
100.
100.

1
1
I
|
1
I
1
|
|
|
|
|

100.
100.
100.
100.
100.

1
I
1
1
1
|

19.
21.
25.
26.
28.

25.
21.
21.
23.
22.

5.
4.
4.
3.
3.

4.
4.
4.
4.
4.

32.
34.
32.
31.
29.

4.
6.
5.
4.
4.

2.
1.
1.
1.
1.

4.
4.
3.
3.
4.

5.
5.
5.
5.
5 •

100.
100.
100.

1
1
I
|

1
1
t
1
1
|

21.
24.
19.

21.
23.
21.

3.
2.
3.

1
1
1

5.
4.
5.

35.
34.
38.

5.
4.
4.

1.
1.
1.

4.
3.
4.

5.
5.
5.

100.
100.
100.
100,
100.

1

.
.
.
.
.

1

75

TABLE

76

653.1
PERCENTAGE D I S T R I B U T I O N

YEAR
ENDING
MARCH 1

TYPE

|
|
|
1
1
1
1

ACTIVE
TENANT

1967
1968
1969

|
1
|
|
|
|
|

1970
1971
1972
1 9 7 3 . . . . . |
1974
|
1975
|
1976
|
1977
|

NUMBER OF

35.
36.
33.
33.
33.
29.
29.
30.
32.
31.

1
NONFARMERI.
1
1
1
1

37.
38.
38.
38.
38.
39.
38.
40.
40.
41.

1
1
|
|
|
|
|
|
|
|
|
|
j

32.
33.
37.
36.
34.
37.
36.
36.
32.
33.
34.
38.
37.
38.
38.
37.
40.
40.
40.
40.

|
|
|
|
|
|
|
|
|
|

1

47.
48.
48.
51.
48.
51.
54.
51.
48.
48.

37.
35.
35.
34.
36.
33.
34.
36.
41.
40.

|
|
1
|
|
|
1
|
|
|

13.
11.
****
****
****

47.
51.
****
***•
****

40.
38.

|
|

12.
****

51.
****
53.

INCLUDES




j

FARM REAL E S T A T E

OF

OWNEROPERATOR

ACRES

****

****
****
****
****
***•
****
****
****

****
11.
*•**
****
****

****
****
****

j
j
j

37.

|

j

7.
****

37.

|

8.

57.

****

j

****

j

*•**
**•*
****

1
|
|
|
|

****

|

FARMERS.

ADDITIONAL

j

j

**•*

j

****
****

|
|

****

1
|

****
****

****
****
****
****

VALUE

****

j

j

|

j
j
j
j
|

****
****
****
****
****
****
****
****

****
****
****
****
****
****
****
****
****
****

****
****
****
****
****
****
****
****
****
****

****
****
****
****
****
****
****
****
****
****

****
****
****
****
****
****
****
****
****
****

****
****
****
****
****
****
****
****
****
****

****
58.
****
****
****
48.
****
58.

****
30.
****
****
****

****

****

|

****
31.

i
|

****
****
40.
****

|
|
|
j

****
12.
****
****
****
7.
****

35.

|

8.

****

j

TRANSFERRED

****
****
****
****
****
****
****
****
****
****

j
i

|
1 NONFARMER
|
1

****
****
****
****
****
****
****
****
****
****

****
****
****
****
****
****
****
****
****

****

1
RETIRED

j

****

****

*•**
58.
****
****
* • • •
53.
****

|

j

****

****
****
****
****
****
****
****
****
•***
****

*•••
****
**•*
****
****

j
j
j

****

****

OWNERHPPRATHD

1
|

****

****

FARMER

TENANT

»

****
****
**•*

****
***•
****
**•*
****
****
****
****
****
****

ACTIVE

1
|

****

• ***
****
**•*
****
****
****
**•*
****

****
****
*•**
***•

|1
I
1I NONFARMERI
|1
1
11
1

TRANSFERRED

****

****
****
****
****
****
****
****
****

TRANSFERS

BUYER

FARMER

TENANT

1
|

TRANSFERS

16.
17.
17.
15.
16.
16.
13.
13.
11.
12.

11.

ACTIVE

1

33.
31.
30.
32.
33.
34.
35.
34.
36.
37.

29.
24.
25.
24.
24.
24.
22.
20.
20.
19.

1
"NONFARMER"

OWNER-

OPERATOR.

1
1 9 4 0 . . . . . |
1941
I
1942
|
1943
|
1944
|
1945
|
1946
|
1947
|
1 9 4 8 . . . . . |
1949
|
|
1950
|
1951
|
1952
1
1953
|
1954
|
1955
|
1956
1
1957
|
1958
|
1959
1
|
1960
|
1961
|
1962
|
1
|

FARMER
J

L

1964
1965

OF

45.
****
34.

1
DETAIL

IS

SHOWN

IN

FARM REAL

ESTATE

MARKET

DEVELOPMENTS;.

TABLE

654.1
PERCENTAGE

DISTRIBUTION

OF

FARM

REAL

TYPE

OF

SELLER

ESTATE

TRANSFERS

OTHER
TOTAL

DEFINITION
TIME
RFAL

16.
16.

53
54
55
54
52

100.
100.
100.
100.
100.

54.
52.
51.
47.
38.

18.
20.
20.

100.
100.
100.
100.
100.

50.
49.
49.
48.
48.

13.
14.
14.
15.
14.

100.
100.
100.
100.
100.

48.
36.
38.
36.
39.

15.
19.

100.
100.
*•**

38.
38.
****
****
****

16.

18.

15.
****
****
****

19.
****
****
****

37.
****

15.
****

18.
****

36.

15.

100.
****
100.
THE

J

100.
100.
100.
100.
100.

****
****

OVER
FARM

ESTATE

RETIRED
FARMER

ACTIVE
FARMER

OF

"ACTIVE

.
.
.
.
.

FARMER"

16.

WAS

CHANGED

16.

26.

11.
12.
12.
12.

25.
25.

12.
18.
16.
16.

IN

1966.

17.
17.

****
****
****

16.
16.
17.

****
****
****
****

15.
15.

12.

14.

13.
****

13.
****

13.
13.

13.
13.
13.

12.

16.
16.
****
****
2
**
**
**

5
*
*
*

.
*
*
*

****
****

14.
13.
****
****
****

14.
15.
****
****
****

****
****
****
****
****

30.
•***

12.
****

13.
****

5.
****

13.

5.

.
.
.
.
.

APPEARS

13.
14.

13.
14.
14.
14.

16.

13.

31.

IT

*
*
*
*

****
****

19.
15.

5
7
0
3
9

28.
28.
****

19.

*
*
*
*

OTHER

OWNER

****
****
****
****
****

2
2
3
3
2

17.

*
*
*
*

ABSENTEE

12.

26.
26.

13.

I S A L S O A F F E C T E D B Y V A R I A T I O N S I N THE
F S T A T F MARK F T D F V E L O P M E N T S A L S O SHOWS




16.
16.
26.

15.
17.

16.

*
*
*
*

15.
15.

16.

15.

****
****
****
****

17.

15.

16.

LOCAL
NONFARMER

16.
16.

16.
16.

17.

TOTAL

17.
17.

15.
14.
14.

15.
14.
15.

I.
I

THAT

COMPARABILITY

U S E A N D D E F I N I T I O N OF THE " O T H E R "
PERCENTAGE D I S T R I B U T I O N S OF ACRES

OF

THESE

CATEGORY.
AND VALUE

SERIES

SOLD.

TABLE

655.1
PERCENTAGE

y E A R

I

ENDING
MARCH 1

|
I

PROBABLE
FARMING
ONLY

RESIDENTIAL

NUMBER OF

OTHER

DISTRIBUTION
USE

j
I

OF

I

PROPERTY

FARMING
ONLY

1
I

TRANSFERS

OF

FARM REAL
FIVE

YEARS AFTER

RESIDENTIAL

ACRES

ESTATE

OTHER

TRANSFERS
PURCHASE

j
|

FARMING
ONLY

1
|

TRANSFERRED

.

RESIDENTIAL

VALUE

~
OTHER

TRANSFERRED

j

1972,....J

81.

14.

5.

|

90.

8.

2.

|

85.

12.

3.

1 9 7 3

j

83.

12.

5.

I

93.

4.

3.

|

86.

8.

4.

1 9 7 4

!
I
j
•

83-

12.

5.

91.

6.

3.

9.

4.

10-

5.

93.

3.

4.

|
|
|
|

87.

8 5

|
I
I
I
I
I
|

91.

6.

3.

1 9 7 5

1 9 76

I
j

1 9 7 7

J

"RESIDENTIAL"
AND

85.
80.

11.
13.

4.
7.

93.
91.

3.
4.

4.
5.

|
|
|

92.
90.

5.
6.

I S THE SUM OF " R U R A L R E S I D E N C E " AND " S U B D I V I S I O N " U S E S L I S T E D I N FARM R F A I F S T A T F MARKET
WHICH ALSO SHOWS FURTHER D E T A I L FOR THE " O T H E R " CATEGORY AS WELL A S DATA ON AVERAGE
P E R - A C R E VALUE BY THE V A R I O U S PROBABLE FUTURE U S E S .

DEVELOPMENTS,
ACREAGE

*




3.
4.

AGRICULTURAL

FINANCE

700

FUNDS

FLOW

710

OF

FARM

711

CAPITAL

CAPITAL

7 1 1 . 1
7 1 1 . 2

712

NET

CAPITAL

721.1A

723

AND

FINANCING,

AND

ITS

82
83

RATIOS

OF

THE

FLOW

1946-DATE

OF

FUNDS

84

AND

USES

OF

FUNDS

85

FLOWS

MAJOR

SOURCES

OF

FUNDS..

CREDIT

MARKET

86

INSTRUMENTS

FOR

USES

OF

FUNDS

MAJOR

USES

OF

FUNDS

SECTION
FLOW O F

BASIC

ACCOUNTS,

USES

723.2A

A

FUNDS

AND

723.1A

AND

OF

FLOWS

FUNDS

SOURCE:

1950-DATE

FINANCING

OF

724.1 A

1977

80
81

SOURCES

DETAIL

NOVEMBER

FINANCING

FOR

724

SERIES

RATIOS

CAPITAL

SOURCES

DETAIL

ITS

ITS

SECTOR

SOURCES

CAPITAL

722.1A

FOR

AND

AND

FLOW

BUSINESS

INCOME

722

FLOW

AMOUNTS
ANALYTICAL

FARM

721

FLOW

AMOUNTS
ANALYTICAL

7 1 2 . 1
7 1 2 . 2

720

DATABOOK — A N N U A L

87

88

710,
FROM S E C T I O N S 1 0 0 ,
F U N D S A C C O U N T S » FLOW O F

STATISTICS,

PRESENTATION

BOARD

AND

OF

500,
600,
800,
FUNDS S E C T I O N ,

GOVERNORS

COMPARISON

OF

OF

THE

THE

AND 9 0 0 ;
DIVISION

FEDERAL

SERIES

IN

SECTION 7 2 0 ,
OF R E S E A R C H

RESERVE

SECTIONS

SYSTEM.

710

AND

720,

S E E " T H E FARM B U S I N E S S S E C T O R I N T H E N A T I O N A L FLOW O F F U N D S A C C C & N T S , " 1 9 7 0
P R O C E E D I N G S O F THE B U S I N E S S AND E C O N O M I C S T A T I S T I C S S E C T I O N . A S A ,
1971.
FOR
RECENT

DISCUSSIONS

OF

DATA

IN

SECTION

710,

SEE

"SOME

CURRENT

ASPECTS

OF

AGRI-

CULTURAL F I N A N C E AND B A N K I N G I N THE U N I T E D S T A T E S , " A J A E . DECEMBER 1 9 7 7 ,
AND
"FARM F I N A N C E — C U R R E N T D E V E L O P M E N T S IN P E R S P E C T I V E , " A G R I C U L T U R A L F I N A N C E COMMENTARY. NOVEMBER 1 9 7 7
( A V A I L A B L E FROM E . M E L I C H A R ) .
IN SECTION 7 2 0 ,
TITLES
A N D / O R D E F I N I T I O N S O F SOME S E R I E S D I F F E R FROM T H O S E OF S I M I L A R U S D A
C A U S E T H E T E R M I N O L O G Y AND C O N S T R U C T S R E F L E C T T H O S E U S E D I N N O N - U S D A
( S E E I N T R O D U C T I O N TO FLOW Q F F U N D S . F E D E R A L R E S E R V E B O A R D , F E B R U A R Y




SERIES BESOURCES
1 9 7 5 ) .

80
TABLE 7 1 1 . 1
C A P I T A L FLOW AND I T S F I N A N C I N G
AMOUNTS I N M I L L I O N S OF DOLLARS
CAPITAL

TOTAL

I REAL ESTATE |
I
PURCHASES
|.
|
FROM
I
I D I S C O N T I N U I N G ! TOTAL
PROPRIETORS 1

F I N A N C I N G OF

FLOW
CAPITAL

BUILDINGS
MACHINERY
AND LAND
IMPROVEMENTS

CAPITAL

FLOW

FORMATION

LIVESTOCK

STORED
CROPS

FINANCIAL
ASSETS

TOTAL

INTERNAL
FUNDS

INCREASE
IN
DEBT

I

FLOW

|
|
|
|
|

7762.
8915.
7842.
6366.
7188.

2304.
2451.
2401.
2171.
2296.

5458.
6464.
5441.
4195.
4892.

1522.
1599.
1614.
1527.
1425.

3152.
3321.
2966.
3201.
2739.

607.
1017.
579.
-81.
260.

205.
167.
342.
-542.
231.

-28.
360.
—61.
90.
237.

7762.
8915.
7842.
6366.
7188.

6256.
7098.
6982.
6738.
6290.

1506.
1817.
860.
-372.
898.

1
I
|
1
1

17546,
20449,
19708,
17648,
17113,

1955...|
1956...|
1957...1
1958...|
1959...|

7199.
5773.
7584.
8956.
6930.

2589.
2655.
2861.
3081.
3165.

4610.
3116.
4723.
5875.
3765.

1385.
1392.
1411.
1355.
1654.

2760.
2406.
2512.
3150.
3414.

18.
-345.
-211.
576.
418.

197.
-111.
829.
248.
-404.

250.
-224.
182.
545.
-1317.

7199.
5773.
7584.
8956.
6930.

5718.
4914.
6169.
6976.
4496.

1481.
859.
1415.
1980.
2434.

I
j
1
1
1

16062,
16086,
16027
18340
16041

1960 . . . |
19 6 1 . . . |
1962...|
1963...|
1964...|

7468.
8144.
9309.
9539.
9064.

3067.
3264.
3354.
3635.
3862.

4401.
4880.
5955.
5904.
5202.

1686.
1748.
1832.
1886.
1918.

2802.
2866.
3190.
3525.
3770.

89.
372.
585.
396.
-38.

308.
—36.
35.
233.
-779.

-484.
-70.
313.
-136.
331.

7468.
8144.
9309.
9539.
9064.

6289.
6333.
6577.
6410.
6264.

1179.
1810.
2732.
3128.
2800.

I
I
I
I
1

16979
17691
18061
18089
17050

1965...|
1966...|
1967...|
1968...I
1969.

11723.
11442.
12998.
11677.
11685.

4311.
4646 •
4449.
4308.
4326.

7412.
6796.
8549.
7369.
7359.

1926.
2077.
2314.
2146.
2340.

4179.
4611.
5132.
4550.
4525.

-175.
221.
82.
218.
222.

1217.
-304.
575.
-94.
-123.

265.
191.
446.
549.
395.

11723.
11442.
12998.
11677.
11685.

7734.
7821.
9893.
9868.
9120.

3989.
3621.
3106.
1808.
2566.

I
I
I
I
I

19896
21367
20002
20521
22928

1970...|
1971...|
1972...|
1973...I
1974...|

11820.
15404.
18643.
26612.
21207.

4138.
5845.
8549.
11469.
9558.

7682.
9559.
10094.
15143.
11649.

2367.
2484.
2350.
3062.
4395.

4918.
4873.
5695.
7647.
8195.

665.
460.
445.
1818.
454.

-659.
937.
416.
1588.
-1743.

391.
805.
1188.
102 8 .
348.

11820.
15404.
18643.
26612.
21207.

9563.
11160.
11943.
16777.
13080.

2257.
4244.
6700.
9835.
8127.

I
I
I
I
I

23043
24229
30043
47973
41793

1975...|
1976...|

27127.
25249.

9883.
12274.

17244.
12975.

4318.
4981.

8837.
9585.

—1006*
-683.

4454.
-1211.

641.
303.

27127.
25249.

18167.
14073.

8960.
11177.

I
I

41498
38014

19
19
19
19
19

5
5
5
5
5

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

"REAL ESTATE P U R C H A S E S " I S AN ESTIMATED PROPORTION OF REAL ESTATE TRANSFERS ( T A B L E 6 3 2 . 1 ) .
BEFORE 1 9 6 5 T R A N S F E R S ARE ESTIMATED FROM
REAL ESTATE A S S E T S ( T A B L E 5 1 1 . 1 ) AND TRANSFER RATES ( T A B L E 6 3 1 . 1 ) . C A P I T A L FORMATION C O N S I S T S OF B U I L D I N G AND MACHINERY E X P E N D I T U R E S
( T A B L E 8 1 0 . 1 ) , N E T A D D I T I O N S TO LIVESTOCK AND S T O R E D - C R O P I N V E N T O R I E S (TABLE 9 2 1 . 1 ) , AND NET CHANGES I N CURRENCY, BANK D E P O S I T S , AND
U . S . S A V I N G S BONDS ( T A B L E 5 2 1 . 2 ) .
" I N C R E A S E IN DEBT" EXCLUDES CCC LOANS ( T A B L E 1 1 1 . 2 ) .
F I N A N C I N G FROM " I N T E R N A L F U N D S " I S TOTAL
C A P I T A L FLOW L E S S T H I S DEBT F I N A N C I N G .
"FARM CASH F L O W , " WHICH I N C L U D E S UNREALIZED AND NONMONEY INCOME, I S D E F I N E D IN TABLE 9 4 1 . 1 .




TABLE

711.2

1
1
1
YEAR
1
1
1
1
1
1950...|
1951...1
1952...1
1953...I
1954...|
1
1955...1
1956...I
1957...|
1958...1
1959...I
1
1960... 1
1961...1
1962...I
1963...1
1964...1
1
1965...1
1966...|
1967...1
1968...1
1969...S
t
1970...i
1971...1
1972...I
1973...1
1974...|
1
1975...1
1976...1
1
THE R A T I O S

CAPITAL

CAPITAL

FLOWS AS PERCENTAGE OF

TOTAL
CAPITAL
FLOW

REAL ESTATE
PURCHASES
FROM
DISCONTINUING
PROPRIETORS

FARM CASH

FLOW

CAPITAL
FORMATION

FLOW AND I T S F I N A N C I N G
ANALYTICAL R A T I O S
F I N A N C I N G -AS PERCENTAGE OF
FARM CASH FLOW

|
|

1

INTERNAL

DEBT

DEBT F I N A N C I N G A S
PERCENTAGE O F —

CAPITAL
FLOW

CAPITAL
FORMATION

44.2
43.6
39.8
36.1
42.0

13.1
12.0
12.2
12.3
13.4

31.1
31.6
27.6
23.8
28.6

|
|
|
|
|

35.7
34.7
35.4
38.2
36.8

8.6
8.9
4.4
-2.1
5.2

19.4
20.4
11.0
-5.9
12.5

27.6
28.1
15.8
-8.9
18.4

44.8
35.9
47.3
48.8
43.2

16.1
16.5
17.9
16.8
19.7

28.7
19.4
29.5
32.0
23.5

|
|
|
|
|

35.6
30.6
38.5
38.0
28.0

9.2
5.3
8.8
10.8
15.2

20.6
14.9
18.7
22.1
35.1

32-1,
27.5
30.0
33.7
64.6

44.0
46.0
51.5
52.7
53.2

18.1
18.4
18.6
20.1
22.6

25.9
27.6
33.0
32.6
30.5

|
|
|
|
|

37.0
35.8
36.4
35.4
36.7

6.9
10.2
15.1
17.3
16.4

15.8
22.2
29.3
32.8
30.9

26.8
37.1
45.9
53.0
53.8

58.9
53.6
65.0
56.9
51.0

21.7
21.7
22.2
21.0
18.9

37.3
31.8
42.7
35.9
32.1

|
1
|
|
|

38.9
36.6
49.5
48.1
39.8

20.0
16.9
15.5
8.8
11.2

34.0
31.7
23.9
15.5
22.0

53.8
53.3
36.3
24.5
34.9

51.3
63.6
62.1
55.5
50.7

18.0
24.1
28.5
23.9
22.9

33.3
39.5
33.6
31.6
27.9

|
|
|
I
|

41.5
46.1
39.8
35.0
31.3

9.8
17.5
22.3
20.5
19.4

19.1
27.6
35.9
37.0
38.3

29.4
44.4
66.4
64.9
69.8

65.4
66.4

23.8
32.3

41.6
34.1

1
|

43.8
37.0

21.6
29.4

33.0
44.3

52.0
86.1

SHOWN ARE COMPUTED




FROM DATA I N TABLE 7 1 1 . 1 .

82

TABLE 7 1 2 . 1
NET C A P I T A L FLOW AND I T S F I N A N C I N G
AMOUNTS I N M I L L I O N S OF DOLLARS
NET C A P I T A L
YEAR
TOTAL

19
19
19
19
19

5
5
5
5
5

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|
1
1955...|
1956...|
1957...|
1958...|
1959...|
j
1960...|
1961...|
1962...|
1963...|
1964...|
j
1965...|
1966...|
1967...|
1968...|
1969...|
j
1970...|
1971...|
1972...|
1973...|
1974...|
j
1975...|
1976...|

I REAL ESTATE |
I
PURCHASES
|
|
FROM
|
I D I S C O N T I N U I N G | TOTAL
1 PROPRIETORS I

BUILDINGS
AND LAND

IMPROVEMENTS

FLOW

FINANCING

NET C A P I T A L

FORMATION

MACHINERY

LIVESTOCK

STORED
CROPS

FINANCIAL
ASSETS

607.
1017.
579.
-81.
260.

205.
167.
342.
-542.
231.

-28.
360.
-61.
90.
237.

197.
-111.
829.
248.
-404.

OF NET C A P I T A L

FLOW

INTERNAL
FUNDS

INCREASE
IN
DEBT

5097.
5768.
4516.
2912.
3607.

3591.
3951.
3656.
3284.
2709.

1506.
1817.
860.
-372.
898.

1
1
1
1
1

14881.
17302.
16382.
14194.
13532.

250.
-224.
182.
545.
-1317.

3499.
2050.
3671.
4945.
2679.

2018.
1191.
2256.
2965.
245.

1481.
859.
1415.
1980.
2434.

1
1
1
1
1

12362.
12363.
12114.
14329.
11790.

TOTAL

5097.
5768.
4516.
2912.
3607.

2304.
2451.
2401.
2171.
2296.

2793.
3317.
2115.
741.
1311.

740.
655.
709.
590.
419.

1269.

3499.
2050.
3671.
4945.
2679.

2589.
2655.
2861.
3081.
3165.

910.
—605 .
810.
1864.
-486.

313.
379.
323.
272.
505.

132.
—304 .
-313.
312.

18.
-345.
-211.
576.
418.

3131.
3756.
4779.
4843.
4161.

3067.
3264.
3354.
363 5 .
3862.

64.
492.
1425.
1208.
299.

475.
483.
506.
478.
407.

-324.
-257.
—14 •
237.
378.

89.
372.
585.
396.
-38.

308.
-36 .
35.
233.
-779.

-484.
-70.
313.
—136 .
331.

3131.
3756.
4779.
4843.
4161.

1952.
1945.
2047.
1714.
1361.

1179.
1810.
2732.
3128.
2800.

1
1
1
1
1

12642.
13303.
13531.
13393.
12147.

6612.
6058.
7217.
5477.
5111.

4311.
4646 .
4449.
4308.
4326.

2301.
1412.
2768.
1169.
785.

322.
431.
527.
224.
212.

672.
873.
1138.
272.
79.

-175.
221.
82.
218.
222.

1217.
-304.
575.
-94.
-123.

265.
191.
446.
549.
395.

6612.
6058.
7217.
5477.
5111.

2623.
2437.
4112.
3668.
2546.

3989.
3621.
3106.
1808.
2566.

1
1
1
1
1

14785.
15983.
14221.
14321.
16354.

5060.
8054.
10756.
17667.
10644.

4138.
5845.
8549.
11469.
9558.

922.
2209.
2207.
6198.
1086.

199.
99.
-283.
-49.
745.

326.
-92.
441.
1813.

1282.

665.
460.
445.
1818.
454.

-659.
937.
416.
1588.
-1743.

391.
805.
1188.
1028.
348.

5060.
8054.
10756.
17667.
10644.

2803.
3810.
4056.
7832.
2517.

2257.
4244.
6700.
9835.
8127.

1
1
1
1
1

16283.
16879.
22156.
39028.
31230.

14487.
11349.

9883.
12274.

4604.
-925.

189.
552.

326.
114.

-1006.
-683.

4454.
-1211.

641.
303.

14487.
11349.

5527.
173.

8960.
11177.

1
1

28858.
24114.




1118.
545.
684.
164.

222.

TABLE

7 1 2 . 2

CAPITAL

1
I
1
I

YEAR

NET

FLOWS

AS

OF

NET

REAL ESTATE
PURCHASES

NET
CAPITAL

I
I
I

PERCENTAGE

INCOME

NET
CAPITAL

FROM
DISCONTINUING

FLOW

FARM

C A P I T A L FLOW A N D I T S F I N A N C I N G
ANALYTICAL RATIOS
FINANCING
NET

AS

PERCENTAGE

FARM

INCOME

OF

D E B T F I N A N C I N G AS
P E R C E N T A G E OF —
NET

INTERNAL

DEBT

FORMATION

CAPITAL
FLOW

NET
CAPITAL
FORMATION

PROPRIETORS

1
3 4 . 3

15.5

18.8

2 4 . 1

10.1

2 9 . 5

5 3 . 9

1 9 5 0 . . . |
1 9 5 1 . . . 1
1 9 5 2 . . . |

3 3 . 3

14.2

19.2

22.8

10.5

2 7 . 6
2 0 . 5

12.9
5.2

2 2 . 3
23.1

5 . 3
—2 . 6

4 0 . 7
- 5 0 . 3

1 9 5 3 . . . 1

14.7
15.3

3 1 . 5
1 9 . 0
- 1 2 . 8

2 6 . 7

1 7 . 0

9 . 7

2 0 . 0

6 . 6

2 4 . 9

68.5

1 9 5 4 . . . I
1 9 5 5 . . . 1
1 9 5 6 . . . I
1 9 5 7 . . . |

2 8 . 3

2 0 . 9
2 1 . 5
2 3 . 6

16.3
9 . 6

12.0
6 . 9

4 2 . 3
4 1 . 9

162.8
*

1 6 . 6

7 . 4
- 4 . 9

1 9 5 8 . . . I

3 4 . 5

1 9 5 9 . . . !

2 2 . 7

I 9 6 0 . . . 1
1 9 6 1 . . . 1

1

54.8

6 . 7

18.6

11.7

3 8 . 5

174.8

21.5

13.0

2 0 . 7

13.8

4 0 . 0

2 6 . 8

- 4 . 1

2 . 1

2 0 . 6

9 0 . 8

106.2
*

2 4 . 8
2 8 . 2

2 4 . 3
2 4 . 5

0 . 5
3 . 7

15.4
14.6

9 . 3
13.6

3 7 . 7
4 8 . 2

1842.9

1 9 6 2 . . . 1
1 9 6 3 . . . 1

3 5 . 3

2 4 . 8

3 6 . 2

2 7 . 1

10.5
9 . 0

15.1
12.8

2 0 . 2
2 3 . 4

5 7 . 2
6 4 . 6

191.7
2 5 9 . 0

34.3

31.8

2.5

11.2

2 3 . 0

6 7 . 3

9 3 6 . 4

1964 . . . I

4 4 . 7

15.6
8.8

17.7

2 7 . 0

6 0 . 3

15.2
28.9

2 2 . 7

3 8 . 2

3 0 . 1

2 5 . 6

3 1 . 3

2 6 . 5

15.6

15.7

5 0 . 2

3 2 6 . 8

1 9 6 9 . . . 1

8.2
4 . 8

2 1 . 8
12.6

5 9 . 8
4 3 . 0
3 3 . 0

2 5 6 . 5

5 0 . 8

2 9 . 2
2 9 . 1
3 1 . 3

1 7 3 . 4

. . . 1
. . . 1
. . . 1
. . . !

3 1 . 1

2 5 . 4

5.7

17.2

1 3 . 9

4 4 . 6

2 4 4 . 8

1 9 7 1 . . . 1
1 9 7 2 . . . I

4 7 . 7
4 8 . 5

3 4 . 6
3 8 . 6

2 2 . 6
18.3

2 5 . 1
3 0 . 2

5 2 . 7
6 2 . 3

192.1
3 0 3 . 6

4 5 . 3

2 9 . 4

2 0 . 1

2 5 . 2

5 5 . 7

158.7

1 9 7 3 . . . 1

13.1
10.0
15.9

3 4 . 1

3 0 . 6

3 . 5

8 . 1

2 6 . 0

7 6 . 4

7 4 8 . 4

1 9 7 5 . . . 1

5 0 . 2

- 3 . 8

19.2
0 . 7

3 1 . 0
4 6 . 3

6 1 . 8
9 8 . 5

194.6
*

1 9 7 6 . . . 1

3 4 . 2
5 0 . 9

16.0

4 7 . 1

3 0 . 3

1I

1
1
1
1
1

9
9
9
9

6
6
6
6

5
6
7
8

37.9

1
1 9 7 0 . . . 1

1 9 7 4 . . . 1

19.5

I

*

NET

THE

CAPITAL

RATIOS

FORMATION

SHOWN




ARE

IS

NEGATIVE.

COMPUTED

FROM

DATA

IN

TABLE

7 1 2 . 1 .

3 6 8 . 0

112.2
154.7

TABLE

721.1A

84
INCOME AND C A P I T A L FLOWS
AMOUNTS I N M I L L I O N S OF DOLLARS

1
1
1
|

YEAR

1946
1947
1948
1949

|
|
|
|
1
1950...|
1951...|
1952...|
1953...|
1954...|
1
1955...|
1956...|
1957...|
1958...|
1959...|
1
1
1
1
1

9
9
9
9
9

6
6
6
6
6

0
1
2
3
4

.
.
.
.

.
.
.
.
.

.
.
.
.

1
1
1
1
1

.
.
.
.
.

.
.
.
.

.
.
.
.
.

|
|
|
|
|

9
9
9
9
9

6
6
6
6
6

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

1

.
.
.
.
.

U S E S OF FUNDS

INTERNAL CASH FLOW

TOTAL
1 TOTAL

CAPITAL
CONSUMPTION
ALLOWANCES

NET
INCOME

INCREASE
IN
DEBT

1

ACQUISITION

OF A S S E T S

TOTAL
1 TOTAL

—

CAPITAL
EXPENDITURES

i
i
ADDENDUM:
n D n n D »mTIrc 1| I IT TI . r\ r\ * . . » .
1I rvurxruix
IWi 1 nUKAHAL
NET
INCREASE
1 P R O F I T S |1
OF
INVESTMENT
IN
1
TAXES
|1
FUNDS
FINANCIAL 1
1
ASSETS
1
|
-1
1

16606.
17470.
20513.
15586.

16186.
16772.
19516.
15000.

1118.
1418.
1852.
22 2 0 .

15068.
15354.
17664.
12780.

420.
698.
997.
586.

16606.
17470.
20513.
15586.

4057.
2765.
6094.
3203.

2200.
1581.
6004.
3627.

1857.
1184.
90.
-424.

55.
58.
69.
50.

12494.
14647.
14350.
12333.

2519.
649.
3245.
397.

17500.
20614.
19039.
15924.
16623.

16159.
18891.
18104.
16241.
15750.

2511.
2958.
3143.
3261.
3377.

13648.
15933.
14961.
12980.
12373.

1341.
1723.
935.
-317.
873.

17500.
20614.
19039.
15924.
16623.

5281.
6052.
5177.
3776.
4460.

5248.
5793.
5190.
3799.
4487.

33.
259.
-13.
-23.
-27.

88.
88.
54.
52.
45.

12131.
14474.
13808.
12096.
12118.

1429.
1371.
1099.
832.
210.

16410.
15697.
16068.
18762.
17064.

14787.
14773.
14776.
16958.
14709.

3482.
3519.
3691.
3790.
4016.

11305.
11254.
11085.
13168.
10693.

1623.
924.
1292.
1804.
2355.

16410.
15697.
16068.
18762.
17064.

4455.
3196.
4325.
5562.
4007.

4347.
3317.
4358.
5196.
4609.

108.
-121.
-33.
366.
-602 .

48.
50.
42.
55.
45.

11907.
12451.
11701.
13145.
13012.

-650 .
-1247.
-658.
-32.
-2364.

16757.
17707.
18520.
19454.
17729.

15567.
16008.
16216.
16042.
14940.

4091.
4134.
4258.
4403.
4585.

11476.
11874.
11958.
11639.
10355.

1190.
1699.
2304.
3412.
2789.

16757.
17707.
18520.
19454.
17729.

3962.
4552.
5425.
5738.
5009.

4298.
4467.
5291.
5778.
4617.

-336 .
85.
134.
-40.
392.

48.
62.
54.
65.
70.

12747.
13093.
13041.
13651.
12650.

-1319.
-1281.
-1137.
-2077.
-2365.

21360.
22417.
20692.
19777.
22921.

17513.
18817.
17589.
17984.
20264.

4784.
5058.
5439.
5845.
6196.

12729.
13759.
12150.
12139.
14068.

3847.
3600.
3103.
1793.
2657.

21360.
22417.
20692.
19777.
22921.

6872.
6178.
7724.
6782.
7155.

6592.
5971.
7361.
6203.
6619.

280.
207.
363.
579.
536.

80.
74.
53.
76.
86.

14408.
16165.
12915.
12919.
15680.

-1759.
-2480.
-818.
-856.
-1698.

22258.
25932.
32118.
50975.
43630.

20321.
21315.
25747.
41136.
35540.

6390.
6944.
7439.
8413.
9932.

13931.
14371.
18308.
32723.
25608.

1937.
4617.
6371.
9839.
8090.

22258.
25932.
32118.
50975.
43630.

7526.
9012.
8839.
13690.
10455.

6922.
8321.
7903.
12847.
9901.

604.
691.
936.
843.
554.

63.
92.
116.
264.
221.

14669.
16828.
23163.
37021.
32954.

-801.
-2549.
-4971.
-4562.
-7567.

44789.
43683.

35709.
32351.

11920.
13120.

23789.
19231.

9080.
11332.

44789.
43683.

17167.
13296.

16144.
12179.

1023.
1117.

259.
293.

27363.
30094.

-3833.
-11156.

1

1
|
|
|
|
|
1
1970...|
1971...|
1972...|
1973...|
1974...|
1
1975...|
1976...|
1
1
1
1
1

SOURCES OF FUNDS

1




TABLE

722.1A
AMOUNTS

YEAR

1
1
1
I
1
1

SOURCES

TOTAL

|

1
1
1
1
1

946...|
947...I
948...I
949...|

1
1950...|
1951...I
1952...1
1953...|
1954...1
1
1955...1
1956...I
1957...I
1958...|
1959...I
1
1960...1
1961...I
1962...I
1963...1
1964...|
1
1965.••1
1966...I
1967...I
1968...1
1969...j
1
1970...I
1971...1
1972...1
1973...I
1974...1
1
1975...I
1976...|
1

1
1
1
1
1

OF FUNDS

INTERNAL

TOTAL

C A P I T A L FLOWS
I N M I L L I O N S OF DOLLARS

FUNDS

CAPITAL
CONSUMPTION
ALLOWANCES

NET
INVESTMENT

I
I
I

INCREASE
IN
DEBT

TOTAL

OF FUNDS

CAPITAL
EXPENDITURES

INCREASE
IN
FINANCIAL
ASSETS

2200.
1581.
6004.
3627.

1857.
1184.
90.
-424.

I
I
I
|
1
j

5281.
6052.
5177.
3776.
4460.

5248.
5793.
5190.
3799.
4487.

33.
259.
—13 •
-23.
-27.

1623.
924.
1292.
1804.
2355.

I
I
|
I
|
i

4455.
3196.
4325.
5562.
4007.

4347.
3317.
4358.
5196.
4609.

108.
-121.
—33 •
366.
-602.

-1319.
-1281.
-1137.
-2077.
-2365.

1190.
1699.
2304.
3412.
2789.

I
I
|
I
I
i

3962.
4552.
5425.
5738.
5009.

4298.
4467.
5291.
5778.
4617.

-336.
85.
134.
-40.
392.

4784.
5058.
5439.
5845.
6196.

-1759.
-2480.
-818.
-856.
-1698.

3847.
3600.
3103.
1793.
2657.

I
I
|
|
1
i

6872.
6178.
7724.
6782.
7155.

6592.
5971.
7361.
6203.
6619.

280.
207.
363.
579.
536.

5589.
4395.
2468.
3851.
2365.

6390.
6944.
7439.
8413.
9932.

-801.
-2549.
-4971.
—4562.
-7567.

1937.
4617.
6371.
9839.
8090.

7526.
9012.
8839.
13690.
10455.

6922.
8321.
7903.
12847.
9901.

604.
691.
936.
843.
554.

8087.
1964.

11920.
13120.

-3833.
-11156.

9080.
11332.

I
I
1
I
I
j
I
|

17167.
13296.

16144.
12179.

1023.
1117.

3637.
2067.
5097.
2617.

1118.
1418.
1852.
2220.

2519.
649.
3245.
397.

420.
698.
997.
586.

5281.
6052.
5177.
3776.
4460.

3940.
4329.
4242.
4093.
3587.

2511.
2958.
3143.
3261.
3377.

1429.
1371.
1099.
832.
210.

1341.
1723.
935.
-317.
873.

4455.
3196.
4325.
5562.
4007.

2832.
2272.
3033.
3758.
1652.

3482.
3519.
3691.
3790.
4016.

-650.
-1247.
-658.
-32.
—2364.

3962.
4552.
5425.
5738.
5009.

2772.
2853.
3121.
2326.
2220.

4091.
4134.
4258.
4403.
4585.

6872.
6178.
7724.
6782.
7155.

3025.
2578.
4621.
4989.
4498.

7526.
9012.
8839.
13690.
10455.
17167.
13296.




1
I
I
I
I
|

USES

4057.
2765.
6094.
3203.

4057.
2765.
6094.
3203.

" N E T INVESTMENT"
D E T A I L FOR MAJOR

I
1
1
1
I
1
1

I S COMPUTED AS THE R E S I D U A L AMOUNT THAT EQUATES TOTAL SOURCES AND U S E S OF F U N D S .
SOURCES AND U S E S OF FUNDS I S SHOWN I N TABLES 7 2 3 . 1 , 7 2 3 . 2 , AND 7 2 4 . 1 .

86

TABLE 7 2 3 . 1 A
MAJOR SOURCES OF FUNDS
AMOUNTS IN M I L L I O N S OF DOLLARS
( C A P I T A L CONSUMPTION ALLOWANCES|
1
1
YEAR
1
NON1
1
TOTAL
CORPORATE
CORPORATE |
1
1
1
i
1946,.. 1
1118.
22.
1096.
|
1947... 1
1418.
25.
1393.
|
1948... 1
1852.
31.
1821.
|
1949... 1
2220.
37.
2183.
|
j
1
1950... 1
2511.
43.
2468.
|
1951... 1
2958.
49.
2909.
|
1952... 1
3143.
56.
3087.
|
1953... 1
3261.
69.
3192.
|
1954... 1
3377.
81.
3296.
|
j
1
1955... 1
3482.
91.
3391.
|
1956... 1
3519.
104.
3415.
|
1957... 1
3691.
115.
3576.
|
1958... 1
3790.
130.
3660.
|
1959... 1
4016.
145.
3871.
|
j
1
1960... 1
4091.
154.
3937.
|
1961... 1
4134.
166.
3968.
|
1962... 1
4258.
179.
4079.
|
1 9 6 3 . . . |1
4403.
194.
4209.
|
1964... 1
4585.
210.
4375.
|
j
1
1965...I1
4784.
229.
4555.
|
1966...|1
5058.
249.
4809.
1
1967...|1
5439.
274.
5165.
|
1968...|1
5845.
302.
5543.
|
1969...|1
6196.
331.
5865.
1
;
11
1970...|1
6390.
368.
6022.
|
1971...|1
6944.
391.
6553.
|
1972...|I
7439.
410.
7029.
|
1973...|1
8413.
589.
7824.
|
1974...|!
9932.
735.
9197.
|
j
I!
1975...|t
11920.
1017.
10903.
|
1976...|1
13120.
931.
12189.
|
1
1

^

i

T

A

^

^

.




NET

TOTAL

INCOME

CORPORATE
PROFITS

NET
NONCORPORATE

TOTAL

INVESTMENT

RETAINED
CORPORATE

INCREASE

NONCORPORATE

TOTAL

TRADE
CREDIT

PROFITS

I N DEBT
CREDIT
MARKET
TMCTD 1 IMPklT Q

15068.
15354.
17664.
12780.

140.
152.
159.
121.

14928.
15202.
17505.
12659.

2519.
649.
3245.
397.

67.
51.
43.
26.

2452.
598.
3202.
371.

420.
698.
997.
586.

57.
230.
339.
194.

363.
468.
658.
392.

13648.
15933.
14961.
12980.
12373.

175.
149.
65.
40.
73.

13473.
15784.
14896.
12940.
12300.

1429.
1371.
1099.
832.
210.

37.
1.
-29.
-45.
-3.

1392.
1370.
1128.
877.
213.

1341.
1723.
935.
-317.
873.

283,
436.
145.
-217.
101.

1058.
1287.
790.
-100.
772.

11305.
11254.
11085.
13168.
10693.

46 .
49.
42.
66.
32.

11259.
11205.
11043.
13102.
10661.

-650.
-1247.
-658.
-32.
-2364.

-32.
-29.
-33.
-25.
-26.

-618.
-1218.
-625.
-7.
-2338.

1623.
924.
1292.
1804.
2355.

181.
66.
235.
440.
423.

1442.
858.
1057.
1364.
1932.

11476.
11874.
11958.
11639.
10355.

56.
66.
86.
38.
76.

11420.
11808.
11872.
11601.
10279.

-1319.
-1281.
-1137.
-2077.
-2365.

-34.
-35.
—18.
-148.
-39.

-1285.
-1246.
-1119.
-1929.
-2326.

1190.
1699.
2304.
3412.
2789.

159.
106.
6.
862.
186.

1031.
1593.
2298.
2550.
2603.

12729.
13759.
12150.
12139.
14068.

161.
163.
70.
136.
124.

12568.
13596.
12080.
12003.
13944.

-1759.
-2480.
-818.
-856.
-1698.

14.
34.
-29.
8.
-13.

-1773.
-2514.
-789.
-864.
-1685.

3847.
3600.
3103.
1793.
2657.

545.
407.
-208.
-975.
-377.

3302.
3193.
3311.
2768.
3034.

13931.
14371.
18308.
32723.
25608.

-1.
82.
305.
720.
224.

13932.
14289.
18003.
32003.
25384.

-801.
-2549.
-4971.
-4562.
-7567.

-93.
-64.
114.
360.
-132.

-708.
-2485.
-5085.
-4922.
-7435.

1937.
4617.
6371.
9839.
8090.

-368.
149.
543.
123.
223.

2305.
4468.
5828.
9716.
7867.

23789.
19231.

620.
649.

23169.
18582.

-3833.
-11156.

190.
169.

-4023.
-11325.

9080.
11332.

342.
300.

8738.
11032.

^

a s s is F v a s r a

table 723.2a

c r e d i t market i n s t r u m e n t s
amounts i n m i l l i o n s o f d o l l a r s
mortgages

nonmortgage l o a n s
year

I
I

i total

I
I

total

banks

federal
intermediate
credit
banks

u.s.
government

total

mutual
commercial
savings
banks
banks

federal
life
land
insurance
banks
companies

state
and
mortgage
u.s.
households
local
governpools
government

... MENTS

123.
67.

255.
301.
353.
103.

44.
108.
121.
13.

-73.
-108.
-40.
-15.

137.
167.
224.
291.

180.
120.
50.
35.

2.
2.
6.
3.

19.
100.
95.
148.

-76 .
-72.
-15.
33.

0.
0.
4.
3.

-110.
-50.
-41.
-13.

-1.
4.

121.

75.
156.
18.
-252.
50.

16.
-45.
14.
232.
63.

492.
580.
585.
501.
509.

59.
36.
54.
24.
77.

7.
3.
6.
0.
3.

189.
200.
178.
181.
162.

47.
58.
81.
89.
101.

25.
11.
10.
7.
18.

7.
-1.
39.

7.
9.

263.

475.
596.
173.
-581.
150.

26.

23.
27.

151.
264.
189.
155.
95.

1442.
858.
1057.
1364.
1932.

666.
45.
495.
652.
940.

572.
-59.
384.
413.
694.

28.
54.
185.
224.
234.

66.
50.
-74.
15.
12.

776.
813.
562.
712.
992.

138.
39.
31.
104.
117.

2.
1.
-2.
-4.
2.

225.
208.
103.
83.
160.

216.
244.
176.
170.
273.

38.
33.
24.
17.
14.

-98.

24.

53.
48.
51.

17.

18.

231.
261.
167.
277.
357.

1960.
1961. . . I
1962. . . I
1963.
1964.

1031.
1593.
2298.
2550.
2603.

294.
514.
1022.
921.
483.

196.
243.
782.
601.
271.

111.
149.
190.
259.
148.

-13.
122.
50.
61.
64.

737.
1079.
1276.
1629.
2120.

60.
99.
275.
305.
311.

-1.
-3.
0.
1.
1.

155.
188.
230.
392.
512.

204.
264.
224.
257.
409.

-2.
84.
119.
104.
72.

48.
142.
—13 .
38.
41.

24.
38.
51.
—4.
19.

249.
267.
390.
536.
755.

1965.
1966.
1967.
1968. • •I
1969.

3302.
3193.
3311.
2768.
3034.

1057.
1328.
1346.
608.
1216.

708.
933.
700.
418.

80.
-12.
158.
-53.
-15.

2245.
1865.
1965.
2160.
1818.

273.
202.
208.
217.
293.

-1.
1.
64.
0.
-3.

519.
417.
329.
234.
—30.

563.
677.
651.
517.
588.

130.
139.
176.
105.
225.

82.

25.
36.

610.

269.
407.
488.
243.
621.

654.
367.
520.
944.
659.

1970.
1971.
1972.
1973.
1974.

2305.
4468 •
5828.
9716.
7867.

1474.
2087.
2277.
4221.

2818.

827.
1345.
1814.
3013.
910.

699.
695.
427.
1102.
1650.

-52.
47.
36.
106.
258.

831.
2381.
3551.
5495.
5049.

0.
374.
576.
661.
621.

4.
—68 *
12.
2.
-2.

-124.
-48.
77.
318.
331.

473.
730.
1177.
1854.
2509.

311.
439.
338.
220.
238.

8738.
11032.

4160.
4892.

1921.
3124.

1147.
1317.

1092.
451.

4578.
6140.

330.
457.

-3.
-2.

426.
672.

2557.
2510.

-56.
521.

1946.
1947. . . I
1948. . . I
1949.

363.
468.
658.
392.

1950. . . I
1951. . . I
1952.
1953.
19 5 4 .

1058.
1287.
790.
-100.
772.

1955.
1956.
19 5 7 .
1958.
1959. . . I

1975.
1976.

..I
..I
..I
..I
I
..I

.1

226.

301.
434.

101.

566.
707.
205.
—601

*

22.
16.

26.
6.

105.
1.

0.

6.

28.

11.
10.

11.

38.
85.

76.

-260.

19.
24.

82.

-26.

142.
-32.

299.
1190.
1411.
2313.
1410.

146.
-176.

44.
138.

2020.

-151.

-122.
-15.

1134.

1

" c r e d i t market i n s t r u m e n t s " i s




a component o f " i n c r e a s e i n d e b t " in p r e c e d i n g t a b l e s o f t h i s s e c t i o n .

87

TABLE 7 2 4 . 1 A
MAJOR U S E S OF FUNDS
AMOUNTS I N M I L L I O N S OF DOLLARS
1
1
|
1
1
1
1

YEAR

1
1
1
1

9
9
9
9

4
4
4
4

6
7
8
9

.
.
.
.

.
.
.
.

.
.
.
.

|
|
|
|

1
1
1
1
1

9
9
9
9
9

5
5
5
5
5

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

1
1
1
1
1

9
9
9
9
9

5
5
5
5
5

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

CAPITAL

EXPENDITURES

FINANCIAL

DEMAND
DEPOSITS
AND
CURRENCY

EQUITY
I N FARM
CREDIT
SYSTEM

RESIDENTIAL
CONSTRUCTION

2200.
1581.
6004.
3627.

519.
697.
873.
837.

1652.
2644.
3399.
3656.

29.
-1760.
1732.
—866.

1857.
1184.
90.
-424.

1800.
1100.
0.
-500.

5248.
5793.
5190.
3799.
4487.

785.
816.
767.
765.
711.

3674.
3738.
3436.
3655.
3190.

789.
1239.
987.
—621.
586.

33.
259.
-13.
-23.
-27.

4347.
3317.
4358.
5196.
4609.

634.
700.
681.
650.
674.

3246.
2997.
3143.
3698.
4021.

467.
-380.
534.
848.
—86.

4298.
4467.
5291.
5778.
4617.

584.
703.
645.
655.
672.

3426.
3490.
3907.
4332.
4535.

6592.
5971.
7361.
6203.
6619.

608.
673.
697.
628.
745.

6922.
8321.
7903.
12847.
9901.
16144.
12179.

TOTAL

CHANGE
IN
INVENTORIES

-40.
-24.
-1.
2.

97.
108.
91.
74.

12494.
14647.
14350.
12333.

18.
43.
47.
45.

12476.
14604.
14303.
12288.

0.
200.
-100.
-100.
-100.

2.
3.
4.
6.
5.

31.
56.
83.
71.
68.

12131.
14474.
13808.
12096.
12118.

50.
60.
40.
33.
31.

12081.
14414.
13768.
12063.
12087.

108.
-121.
-33.
366.
-602.

0.
-200.
-100.
300.
-700.

11.
13.
11.
10.
16.

97.
66.
56.
56.
82.

11907.
12451.
11701.
13145.
13012.

30.
28.
33.
36.
13.

11877.
12423.
11668.
13109.
12999.

288.
274.
739.
791.
-590.

-336.
85.
134.
-40.
392.

-400.
0.
100.
-200.
200.

13.
16.
14.
15.
23.

51.
69.
20.
145.
169.

12747.
13093.
13041.
13651.
12650.

42.
39.
50.
121.
45.

12705.
13054.
12991.
13530.
12605.

4963.
5458.
5929.
5471.
5737.

1021.
-160.
735.
104.
137.

280.
207.
363.
579.
536.

100.
0.
100.
200.
100.

40.
46.
49.
102.
55.

140.
161.
214.
277.
381.

14408.
16165.
12915.
12919.
15680.

67.
55.
46.
52.
51.

14341.
16110.
12869.
12867.
15629.

565.
652.
664.
601.
1158.

6248.
6388.
6629.
8998.
10580.

109.
1281.
610.
3248.
-1837.

604.
691.
936.
843.
554.

115.
123.
262.
200.
-200.

51.
70.
90.
160.
206.

438.
498.
584.
483.
548.

14669.
16828.
23163.
37021.
32954.

29.
54.
75.
96.
135.

14640.
16774.
23088.
36925.
32819.

930.
1043.

11624.
12713.

3590.
-1577.

1023.
1117.

100.
100.

236.
224.

687.
793.

27363.
30094.

171.
187.

27192.
29907.

f

FLOWS" { T A B L E




WITHDRAWAL OF FUNDS

TOTAL

1
r

ASSETS
NONLIFE
INSURANCE
RECEIVABLES

|

"CAPITAL

IN

PLANT
AND
EQUIPMENT

|

1
I960...!
1961...|
1962...|
1963...|
1964...|
1
1965...|
1966...|
1967...|
1968...1
1969...|
|
1970...|
1971...|
1972...|
1973...|
1974...|
|
1975...|
1976...|

INCREASE

"

"

I N C R E A S E

7221!)

"

IN

FINANCIAL

C A P I T A L

ASSETS»"

TOTAL

AND "WITHDRAWAL OF F U N D S * APPEAR

E X P E N D I T U R E S " AND " I N C R E A S E

IN

FINANCIAL

ASSETS"

AS U S E S

OF FUNDS

APPEAR A S U S E S

OF

CORPORATE
DIVIDENDS

IN

"INCOME AND

FUNDS

IN

NONCORPORATE

AGRICULTURAL FINANCE

800

810

CAPITAL EXPENDITURES,

CAPITAL
810.1
810.2
810.3
810.4

820

SOURCE:

CONSUMPTION,

AND NET

INVESTMENT,

1977

1910-DATE

EXPENDITURES

YEAR

90
92
94

AMOUNTS
CHANGE FROM P R E V I O U S YEAR
PERCENTAGE CHANGE FROM P R E V I O U S YEAR
PERCENTAGE D I S T R I B U T I O N

102
104

CAPITAL
830.1

NOVEMBER

SERIES

AMOUNTS
CHANGE FROM P R E V I O U S YEAR
PERCENTAGE CHANGE FROM PREVIOUS
PERCENTAGE D I S T R I B U T I O N

CAPITAL
820.1
020.2
820.3
820.4

830

DATABOOK—ANNUAL

CONSUMPTION ALLOWANCES

NET INVESTMENT

AMOUNTS

FARM INCOME S T A T I S T I C S . SECTOR PERFORMANCE MEASURES,
NATIONAL ECONOMIC A N A L Y S I S D I V I S I O N , ECONOMIC RESEARCH
S E R V I C E , U . S . DEPARTMENT OF A G R I C U L T U R E .




90

TABLE 8 1 0 . 1
CAPITAL EXPENDITURES
AMOUNTS I N M I L L I O N S OF DOLLARS
B U I L D I N G S AND LAND IMPROVEMENTS
YEAR

TOTAL
TOTAL

1
1
1
1
1

9
9
9
9
9

1
1
1
1
1

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

1
1
1
1
1

9
9
9
9
9

1
1
1
1
1

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.1
.1
.1
.1
.1
|
.1
. 1
1
. 1
1
;

1920....
1
1921..... 1
1 9 2 2 . . . . , .1
1 9 2 3 . . . . , >!
1 9 2 4 . . . . , •1
|
1925
. 1
1 9 2 6 . . . . , ,1
1927
,1
1928....,. 1
1929
. 1
1
1930
1
1931
,1
1932
1
1933
1
1934
1
|
1935
1
1936
1
1937
1
1938
1
1939
1
|
1940
1
1941
1
1942
1
1943
1
1944
1




531.
530.
560.
552.
580.
610.
720.
915.
957.
1277.
1399.
548.
632.
802.
729.
843.
865.
884.
916.
966.
717.
408.
194.
197.
387.
583.
786.
947.
731.
831.
929.
1263.
1296.
1034.
1661.

|
|
|
|
|
j
|
|
|
|
|
;
|
|
1
|
|
j
|
|
|
1
|
|
|
|
|
|
|
j
|
|
|
|
|
j
|
|
1
|
|

OPERATORS•
DWELLINGS

MACHINERY

OTHER

TOTAL

J

I
L

MOTOR V E H I C L E S

TOTAL

236.
225.
244.
244.
244.

111.
105.
114.
114.
114.

125.
120.
130.
130.
130.

|
|
1
|
|

295.
305.
316.
308.
336.

36.
48.
62.
56.
87.

229.
324.
449.
478.
653.

109.
154.
199.
203.
273.

120.
170.
250.
275.
380.

|
|
|
|
|

381.
396.
466.
479.
624.

141.
165.
245.
267.
421.

566.
223.
269.
317.
298.

266.
98.
119.
142.
133.

300.
125.
150.
175.
165.

|
|
|
|
|

833.
325.
363.
485.
431.

311.
297.
355.
331.
307.

141.
137.
160.
156.
147.

170.
160.
195.
175.
160.

|
|
|
|
|

193.
97.
37.
57.
70.

107.
59.
24.
29.
32.

86.
38.
13.
28.
38.

135.
169.
237.
218.
270.

56.
66.
96.
83.
110.

304.
330.
343.
378.
458.

139.
147.
126.
109.
111.

•TRACTORS
5.

8.

15.

11.

TRUCKS
3.
3.

6.

autos

28.
37.
41.
40.
55.

I

i

OTHER

259.
257.
254.
252.
249.

23.

5.
9.

32.
36.

94.

61.

18.

22.

240.
231.

147.
203.

111.
162.

19.
31.

101.
187.

212.
203.

375.
162.
213.
275.
262.

171.

67.
47.
47.
43.

137.
49.

458.
163.
150.

532.
568.
529.
585.
659.

309.
315.
282.
322.
380.

91.
104.
119.
101.
142.

j
|
|
1
|

524.
311.
157.
140.
317.

288.
208.
118.
103.
241.

115.
53.

59.

54.
39.
25.
38.
50.

79.
103.
141.
135.
160.

|
|
|
|
|

448.
617.
710.
513.
561.

287.
401.
429.
276.
346.

117.
167.
223.
152.
151.

73.
92.
92.
54.
73.

165.
183.
217.
269.
347.

|
|
|
|
|

625.
933.
953.
656.
1203.

384.
575.
410.
301.
498.

197.
295.
285.
155.
340.

66.

64.
79.
74.

22.
22.

15.

102.
153.

221.

210.

68.

120.

73.

145.
129.
85.
133.
152.

223.
253.
247.
263.
279.

119.

236.
103.
39.
37.
76.

82.

78.

88.
86.

81.

116.
103.

121.
126.

116.

71.
43.
132.

169.

97.
142.
114.
70.

161.
216.
281.

106.
164.

241.
358.
543.
355.
705.

122.

22.

25.
32.

237.
215.

TABLE

810.1

CAPITAL E X P E N D I T U R E S
AMOUNTS I N M I L L I O N S OF DOLLARS

1
|
|

YEAR

OPERATORS
DWELLINGS

487.
1161.
1434,
1640.
1570.

125.
409.
554.
702.
683.

362.
752.
880.
938.
887.

1522.
1599.
1614.
1527.
1425.

642.
665.
665.
619.
572.

880.
934.
949.
908.
853.

1385.
1392.
1411.
1355.
1654.

532.
529.
537.
514.
539.

853.
863.
874.
841.
1115.

4488.
4614.
5022.
5411.
5688.

|
I
I
|
I
1
I
|
I
|
I

1686.
1748.
1832.
1886.
1918.

485.
592.
549.
565.
587.

6105.
6688.
7446.
6696.
6865.

1
|
I
I
1

1926.
2077.
2314.
2146.
2340.

7285.
7357.
8045.
10709.
12590.

I
I
I
I
|

13155.
14566.

I
I

|
I

|

1

1
1
1
1
1

9
9
9
9
9

4
4
4
4
4

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

,
.
.
.
.

.
.
.
.
.

. ,|
, |
, I
|
, 1

1685.
2195.
3428.
4484.
4724.

1
1
1
1
1

9
9
9
9
9

5
5
5
5
5

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

I
i
|
I
1

4674.
4920.
4580.
4728.
4164.

1

1

|
....
.... .|
. I
.... .|
.... . I
1
I960.... .|
1961.... .|
1 9 6 2 . . . . .I
1 9 6 3 . . . . .1
1964.... •|
1
1 9 6 5 . . . . .I
1966.... .|
1 9 6 7 . . . . .I
1968.... .|
1969.... .|

1955
1956
1957
1958
1959

4145.
3798.
3923.
4505 e
5068.

1

1
1
1
1
1

9
9
9
9
9

7
7
7
7
7

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

I

.1
.I
.|
.I
.I

1

1 9 7 5 . . . . .I
1 9 7 6 . . . . .1

1
1

2

TOTAL

TOTAL

1




MACHINERY

B U I L D I N G S AND LAND IMPROVEMENTS!

|
|

1

|

I
i
I
I

i
I
|
I

I
I

1

1

1

I

1
1

1
TOTAL

MOTOR V E H I C L E S

1

1

TOTAL

TRACTORS

TRUCKS

AUTOS

1
1
I

OTHER

1198.
1034.
1994.
2844.
3154.

445.
561.
1106.
1503.
1790.

276.
241.
449.
661.
766.

94.
216.
463.
535.
540.

75.
104.
194.
307.
484.

753.
473.
888.
1341.
1364.

3152.
3321.
2966.
3201.
2739.

1734.
1772.
1420.
1803.
1449.

769.
807.
755.
722.
570.

502.
450.
349.
378.
377.

463.
515.
316.
703.
502.

1418.
1549.
1546.
1398.
1290.

I
1
I
I
|

2760.
2406.
2512.
3150.
3414.

1482.
1245.
1377.
1606.
1686.

689.
525.
522.
677.
797.

309.
325.
371.
381.
425.

484.
395.
484.
548.
464.

1278.
1161.
1135.
1544.
1728.

1201.
1156.
1283.
1321.
1331.

I
|
1
1
|

2802.
2866.
3190.
3525.
3770.

1344.
1413.
1650.
1746.
1868.

494.
579.
687.
786.
849.

430.
472.
514.
543.
586.

420.
362.
449.
417.
433.

1458.
1453.
1540.
1779.
1902.

539.
593.
612.
548.
651.

1387.
1484.
1702.
1598.
1689.

1
I
|
1
I

4179.
4611.
5132.
4550.
4525.

1940.
2113.
2129.
2060.
2003.

986.
1209.
1168.
1168.
1073.

529.
511.
576.
535.
567.

425.
393.
385.
357.
363.

2239.
2498.
3003.
2490.
2522.

2367.
2484.
2350.
3062.
4395.

492.
568.
565.
537.
1146.

1875.
1916.
1785.
2525.
3249.

1
I
I
|
|

4918.
4873.
5695.
7647.
8195.

2030.
2137.
2464.
3066.
3405.

1123.
1188.
1418.
1923.
2236.

597.
630.
672.
733.
864.

310.
319.
374.
410.
305.

2888.
2736.
3231.
4581.
4790.

4318.
4981.

953.
1060.

3365.
3921.

|
I

8837.
9585.

4017.
4655.

2460.
2720.

1230.
1526.

327.
409.

4820.
4930.

1
1

OTHER

I
I
|
I
|

11
I
|
|

I

|
|

1

TABLE

92

810.2
C A P I T A L EXPENDITURES
CHANGE FROM P R E V I O U S YEAR I N M I L L I O N S

1
1

YEAR

1
1
1
1

9
9
9
9

1
1
1
1

1
2
3
4

1

.
.
.
.

...
...
...
...

1915...
1916...
1917...
1918...
1919...

1
1
1

. 1
. 1
. 1
. 1

I

. .1

1

.
., 1
.
1
. .1
|
1920
1
1921..... 1
192 2
1
192 3
,1
192 4
,1
|
192 5
.1
192 6
1
192 7
,1
192 8
1
192 9
1
|
193 0
1
193 1
1
193 2
1
193 3
1
1934..... 1
|
193 5
1
1 9 36
1
193 7
1
193 8
1
193 9
1
|
194 0
1
194 1
1
194 2
1
194 3
1
1944..... 1

1




BUILDINGS

AND LAND IMPROVEMENTS|
OPERATORS•
DWELLINGS

TOTAL
TOTAL

MACHINERY

i_
|
|
I

OTHER

OF DOLLARS

TOTAL

1

1

I
IL

MOTOR V E H I C L E S

TOT AL.

td a r r n o c

TRUCKS

0.

AUTOS

1
1
1

OTHER

-1.
30.
-8.
28.

-11.
19.

-6.
9.
0.
0.

-5.
10.
0.
0.

|
I
|
|

10.
11.
-8.
28.

12.
14.
-6.
31.

3.
7.
-4.
12.

3.
-1.
4.

9.
4.
-1.
15.

30.
110.
195.
42.
320.

-15.
95.
125.
29.
175.

-5.
45.
45.
4.
70.

-10.
50.
80.
25.
105.

|
|
|
|
|

45.
15.
70.
13.
145.

54.
24.
80.
22.
154.

9.
4.
25.
86.
56.

6.
3.
4.
—3 •
12.

39.
17.
51.
-61.
86.

-9
-9
-10
-9
-9

122.
-851.
84.
170.
-73.

-87.
-343.
46.
48.
-19.

-7.
-168.
21.
23.
-9.

-80.
-175.
25.
25.
-10.

|
|
|
|
|

209.
-508.
38.
122.
-54.

-46.
-213.
51.
62.
-13.

-32.
-105.
-2.
15.
-5.

36.
-20.
0.
-4.
25.

-50.
-88.
53.
51.
-33.

255.
-295.
-13.
60.
-41.

114.
22.
19.
32.
50.

13.
-14.
58.
-24.
-24.

8.
-4.
23.
-4.
-9.

5 . |
-10.
|
35.
|
-20.
|
-15.
I

101.
36.
-39.
56.
74.

47.
6.
-33.
40.
58.

17.
13.
15.
—18.
41.

5.
9.
-4.
10.
-2.

25.
-16.
-44.
48.
19.

54.
30.
—6 .
16.
16.

-249.
-309.
-214.
3.
190.

-114.
-96.
—60.
20.
13.

-40.
-48.
-35.
5.
3.

-74.
-48.
-25.
15.
10.

|
|
|
|
|

-135.
-213.
-154.
-17.
177.

-92.
—80*
-90.
-15.
138.

-27.
-62 .
-31.
0.
37.

-32.
-15.
-14.
13.
12.

-33.
-3.
-45.
-28.
89.

-43.
-133.
-64.
-2.
39.

196.
203.
161.
-216.
100.

65.
34.
68.
-19.
52.

24.
10.
30.
-13.
27.

41.
24.
38.
-6.
25.

|
|
|

46.
114.
28.
-153.
70.

58.
50.
56.
-71.
-1.

23.
19.

|

131.
169.
93.
-197.
48.

-38.
19.

-35.
45.
-28.
-44.
52.

85.
55.
65.
-44.
-22.

98.
334.
33.
-262.
627.

34.
26.
13.
35.
80.

29.
8.
-21.
-17.
2.

5.
18.
34.
52.
78.

|
|
|
|
|

64.
308.
20.
-297.
547.

38.
191.
-165.
-109.
197.

46 .
98.
-10.
-130.
185.

8.
35.
-13.
18.
5.

—16.
58.
-142.
3.
7.

26.
117.
185.
-188.
350.

0.
0.

-

-- ,

j

1

0.

-

2.
3.
2.
3.
.
.
.
.
.

TABLE

810.2

1
1
YEAR
1
1
1
1
1945
I
1946,....1
1947
I
1948
1
1949
1
1
1950
I
1951
1
1952
1
1953
I
1954
1
1
1955
1
1956
I
1957
|
1958
I
1959
1
1
I960.••••I
1961.....j
1962
I
1963
|
1964
1
1
1965
|
1966
I
1967
|
1968
I
1969
I
1
1970
1
1971
I
1972
I
1973
1
1974
1
1
1975
1
1976
1
1

CAPITAL EXPENDITURES
CHANGE FROM P R E V I O U S YEAR I N M I L L I O N S
BUILDINGS
TOTAL
TOTAL

AND LAND IMPROVEMENTS!
1
O P E RAT OR S 1
1
OTHER
|
DWELLINGS
1
1
15.
|
14.
390.
1
284.
128.
I
145.
58.
|
148.
-51.
!
-19.

MACHINERY

TOTAL

1
|
1

MOTOR V E H I C L E S
TOTAL

TRACTORS

TRUCKS

AUTOS

1
1
1

OTHER

—5 .
—164.
960.
850.
310.

-53.
116.
545.
397.
287.

—64 .
—35 .
208.
212.
105.

-32.
122.
247.
72.
5.

43.
29.
90.
113.
177 .

48.
-280.
415.
453.
23.

1
|
I
I
1

-2.
169.
-355.
235.
-462.

-56.
38.
-352.
383.
-354.

3.
38.
-52.
-33.
-152.

-38.
-52.
-101.
29.
-1.

-21.
52.
-199.
387.
-201.

54.
131.
-3.
—148 .
-108.

0.
10.
11.
-33.
274.

|
I
1
1
1
j

21.
-354.
106.
638.
264.

33.
-237.
132.
229.
80.

119.
-164.
-3.
155.
120.

—68 .
16.
46.
10.
44.

-18.
-89.
89.
64.
-84.

-12.
-117.
—26.
409.
184.

-54.
107.
-43.
16.
22.

86.
-45.
127.
38.
io.

t
1
1
I
!
j

—612 .
64.
324.
335.
245.

-342.
69.
237.
96.
122.

-303.
85.
108.
99.
63.

5.
42.
42.
29.
43.

-44.
—58.
87.
-32.
16.

-270.
-5.
87.
239.
123.

8.
151.
237.
-168.
194.

-48.
54.
19.
-64.
103.

56.
97.
218.
-104.
91.

409.
432.
521.
-582.
-25.

72.
173.
16.
-69.
-57.

137.
223.
-41.
0.
-95.

-57.
—18.
65.
—41.
32.

-8.
-32.
—8 .
—28.
6 .

337.
259.
505.
—513.
32.

420.
72.
688.
2664.
1881.

27.
117.
-134.
712.
1333.

-159.
76.
—3 •
-28.
609.

186.
41.
-131.
740.
724.

|
!
I
I
|
I
I
|
1
|
1

393.
-45.
822.
1952.
548.

27.
107.
327.
602.
339.

50.
65.
230.
505.
313.

30.
33.
42.
61.
131.

-53.
9.
55.
36.
—105 .

366.
—152 .
495.
1350.
209.

565.
1411.

-77.
663.

-193.
107.

116.
556.

|
|
1

642.
748.

612.
638.

224.
260.

366.
296.

22.
82.

30.
110.

24.
510.
1233.
1056.
240.

29.
674.
273.
206.
-70.

-50.
246.
-340.
148.
-564.

-48.
77.
15.
-87.
-102.

-41.
23.
0.
—46 •
-47.

-7.
54.
15.
-41.
-55.

-19.
-347.
125.
582.
563.

—40.
7.
19.
-56.
299.

-40.
—3 .
8.
-23.
25.

-580.
126.
408.
389.
277.

32.
62.
84.
54.
32.

417.
583.
758.
-750.
169.




OF DOLLARS

94

TABLE 8 1 0 . 3
CAPITAL EXPENDITURES
PERCENTAGE CHANGE FROM P R E V I O U S YEAR
1
1
|

YEAR

TOTAL

1 B U I L D I N G S AND LAND IMPROVEMENTS
1
OPERATORS'
1
1
TOTAL
DWELLINGS
OTHER
1
1
1
-4.7
-5.4
-4.0
1
8.4
8.6
8.3
f
0.0
0.0
0.0
1
0.0
0.0
0.0
j

1911
1912
1913
1914

1
1
|
|
|
|

-0.2
5.7
-1.4
5.1

1915
1916
1917
1918
1919

|
|
|
|
|

5.2
18.0
27.1
4.6
33.4

1
1
1
1
1
j

-6 .1
41.5
38.6
6.5
36.6

-4.4
41.3
29.2
2.0
34.5

1
|
|
|
|
1
|
|
|
1
|

9.6
—6 0 . 8
15.3
26.9
-9.1

1
1
1
1
1
j

-13.3
-60.6
20.6
17.8
-6.0

15.6
2.6
2.2
3.6
5.5

1
1
1
1
1
j

|
|
|
|
1

-25.8
-43.1
-52.5
1.5
96.4

|
|
|
1

|

|

1920
1921
1922
1923
1924
1925
1926
1927
1928
1929

1935
1936
1937
1938
1939.....
1940
1941
1942
1943

|

|
|
1
|
|
|

TOTAL

1
1
1

MOTOR V E H I C L E S

I
1
I

OTHER

TOTAL

TRACTORS

TRUCKS

AUTOS

3.4
3.6
-2.5
9.1

33.3
29.2
-9.7
55.4

60.0
87.5
—26.7
109.1

0.0
100.0
-16.7
80.0

32.1
10.8
-2.4
37.5

-7.7
41.7
47.1
10.0
38.2

13.4
3.9
17.7
2.8
30.3

62.1
17.0
48.5
9.0
57.7

39.1
12.5
69.4
141.0
38.1

66.7
20.0
22.2
-13 .6
63.2

70.9
18.1
45.9
-37.7
85.1

-3.6
-3.7
-4.3
-4.1
-4.2

-2.6
-63.2
21.4
19.3
—6.3

-21.1
-58.3
20.0
16.7
-5.7

33.5
-61.0
11.7
33.6
-11.1

-10.9
-56.8
31.5
29.1
-4.7

-15.8
-61.4
-3.0
23.4
—6.3

116.1
-29.9
0.0
-8.5
58.1

-26.7
-64.2
108.2
50.0
-21.6

125.6
—64 • 4
-8.0
40.0
-19.5

4.4
-4.5
19.5
-6.8
-7.3

6.0
-2.8
16.8
-2.5
-5.8

3.0
-5.9
21.9
-10.3
—8.6

23.4
6.8
-6.9
10.6
12.6

17.9
1.9
-10.5
14.2
18.0

23.0
14.3
14.4
-15.1
40.6

7.4
12.3
-4.9
12.8
-2.3

20.8
-11.0
-34.1
56.5
14.3

32.0
13.5
-2.4
6.5
6.1

1
1
1
1
1
j

-37.1
-49.7
-61.9
54.1
22.8

-27.2
-44.9
-59.3
20.8
10.3

-46.2
-55.8
—65 . 8
115.4
35.7

-20.5
-40.6
-49.5
-10.8
126.4

-24.2
-27.8
-43.3
-12.7
134.0

-19.0
-53.9
-58.5
0.0
168.2

-37.2
-27.8
-35.9
52.0
31.6

-21.7
-2.5
-38.8
-39.4
207.0

-15.4
-56.4
-62.1
-5.1
105.4

50.6
34.8
20.5
-22.8
13.7

1
I
1
1
1
j

92.9
25.2
40.2
-8.0
23.9

75.0
17.9
45.5
-13.5
32.5

107.9
30.4
36.9
-4.3
18.5

41.3
37.7
15.1
-27.7
9.4

19.1
39.7
7.0
-35.7
25.4

98.3
42.7
33.5
-31.8
-0.7

46.0
26.0
0.0
-41.3
35.2

-26.5
46.4
-19.7
-38.6
74.3

111.8
34.2
30.1
-15.7
-9.3

11.8
36.0
2.6
-20.2
60.6

1
1
1
1
I

12.6
8.6
3.9
10.2
21.2

26 . 4
5.8
-14.3
-13.5
1.8

3.1
10.9
18.6
24.0
29.0

11.4
49.3
2.1
-31.2
83.4

11.0
49.7
-28.7
-26.6
65.4

30.5
49.7
-3.4
-45.6
119.4

11.0
43.2
-11.2
17.5
4.1

-13.1
54.7
—86. 6
13.6
28.0

12.1
48.5
51.7
-34.6
98.6

|

1930
1931
1932
1933
1934

MACHINERY




-0
-1
-0
-1

.
.
.
.

8
2
8
2

TABLE

810.3

C A P I T A L EXPENDITURES
PERCENTAGE CHANGE FROM P R E V I O U S
BUILDINGS

YEAR

TOTAL
TOTAL

MACHINERY

AND LAND IMPROVEMENTS!
OPERATORS •
DWELLINGS

YEAR

|
OTHER

1

TOTAL

1
1

|

OTHER

1

TRUCKS

AUTOS

-18.8
-12.7
86.3
47.2
15.9

-25.4
129.8
114.4
15.6
0.9

134.4
38.7
86.5
58.2
57.7

6.8
-37.2
87.7
51.0
1.7

-3.1
2.2
-19.9
27.0
-19.6

0.4
4.9
-6.4
-4.4
-21.1

-7.0
-10.4
-22.4
8.3
—0 . 3

-4.3
11.2
-38.6
122.5
-28.6

4.0
9.2
-0.2
—9.6
-7.7

TOTAL

TRACTORS

-0.4
-13.7
92.8
42.6
10.9

-10.6
26.1
97.1
35.9
19.1

-0.1
5.4
-10.7
7.9
-14.4

1

1

MOTOR V E H I C L E S

1945.
1946.
1947.
1948.
1949.

1.4
30.3
56.2
30.8
5.4

6.3
138.4
23.5
14.4
-4.3

12.6
227.2
35.5
26.7
-2.7

4.3
107.7
17.0
6.6
-5.4

I
|
I

1950.
1951.
1952.
1953.
1954.

-1.1
5.3
-6.9
3.2
-11.9

-3.1
5.1
0 .9
—5 . 4
—6 . 7

—6.0
3.6
0.0
-6.9
-7.6

-0.8
6.1
1.6
-4.3
—6 . 1

I
1
1

1955.
1956.
1957.
1958.
1959.

-0.5
-8.4
3.3
14.8
12.5

-2.8
0.5
1 .4
-4 .0
22.1

-7.0
—0.6
1.5
-4.3
4.9

0.0
1.2
1.3
-3.8
32.6

i
1
1
I

0.8
-12.8
4.4
25.4
8.4

2.3
—16 . 0
10.6
16.6
5.0

20.9
-23.8
—0 . 6
29.7
17.7

-18.0
5.2
14.2
2.7
11.5

-3.6
-18.4
22.5
13.2
-15.3

-0.9
-9.2
-2.2
36.0
11.9

1960.
1961.
1962.
1963.
1964.

-11.4

1 .9
3.7
4.8
2.9
1 .7

-10.0
22.1
-7.3
2.9
3.9

7.7
-3.7
11.0
3.0
0.8

|
1

-17.9
2.3
11.3
10.5
7.0

-20.3
5.1
16.8
5.8
7.0

-38.0
17.2
18.7
14.4
8.0

1.2
9.8
8.9
5.6
7.9

-9.5
-13.8
24.0
-7.1
3.8

-15.6
-0.3
6.0
15.5
6.9

1965.
1966.
1967.
1968.
1969.

7.3
9.5
11.3

.4
.8
.4
.3
.0

-8.2
10.0
3.2
-10.5
18.8

4.2
7.0
14.7
—6 . 1
5.7

I
1

10.8
10.3
11.3
-11.3
-0.5

3
8
0
-3
-2

.9
.9
.8
.2
.8

16.1
22.6
—3 . 4
0.0
—8 . 1

-9.7
-3.4
12.7
-7.1
6.0

-1.8
—7 . 5
-2.0
-7.3
1.7

17.7
11.6
20.2
-17.1
1.3

1.2
4.9
-5.4
30.3
43.5

-24.4
15.4
-0.5
-5.0
113.4

11.0
2.2
-6.8
41.5
28.7

1
I
I

8.7
-0.9
16.9
34.3
7.2

1.3
5.3
15.3
24.4
11.1

4.7
5.8
19.4
35.6
16.3

5.3
5.5
6.7
9.1
17.9

-14.6
2.9
17.2
9.6
-25.6

14.5
—5 . 3
18.1
41.8
4.6

-1

-16.8
11.2

3.6
16.5

1
1

7.8
8.5

18.0
15.9

10.0
10.6

42.4
24.1

7.2
25.1

0.6
2.3

2.8
8.8
7.7
5.1

-10.1
2.5

6.1
1.0

1970.
1971.
1972.
1973.
1974.

9.4
33.1
17.6

1975.
1976.

4.5
10.7




0
7
11
-7
9

.8
15.4

I
|

I
1

I

I

1

1

I
|
|

|

1

95

TABLE

96

810.4
C A P I T A L EXPENDITURES
PERCENTAGE OF TOTAL
BUILDINGS

YEAR

TOTAL
TOTAL

1910
1911
1912
1913
1914

100.0
100.0

AND LAND IMPROVEMENTS
OPERATORS
DWELLINGS

MACHINERY

1

OTHER

TOTAL

1
1
1

MOTOR V E H I C L E S
TOTAI

TRACTORS

TRUCKS

AUTOS

1
1
I

OTHER

100.0

100.0
100.0

4
4
4
4
4

4.4
2.5
3.6
4.2
2.1

20.9
19.8
20.4
20.7
19.7

23.5
22.6
23.2
23.6
22.4

55.6
57.5
56.4
55.8
57.9

6.8
9.1
11.1
10.1
15.0

0.9
1.5
2.7
2.0
4.0

0.6
0.6
1.1
0.9
1.6

5.3
7.0
7.3
7.2
9.5

48.8
48.5
45.4
45.7
42.9

1915
1916
1917
1918
1919

100.0
100.0
100.0
100.0
100.0

37.5
45.0
49.1
49.9
51.1

17.9
21.4
21.7

19.7
23.6
27.3
28.7
29.8

62.5
55.0
50.9
50.1
48.9

23.1
22.9
26.8
27.9
33.0

5.2
5.0
6.7
15.4
15.9

2.5
2.5
2.4
2.0
2.4

15.4
15.4
17.7
10.6
14.6

39.3
32.1
24.2
22.2
15.9

1920
1921
1922
1923.
1924.

100.0
100.0
100.0
100.0
100.0

40.5
40.7
42.6
39.5
40.9

19.0
17.9

21.4
22.8
23.7
21.8
22.6

59.5
59.3
57.4
60.5
59.1

26.8
29.6
33.7
34.3
35.9

12.2
12.0
10.1
9.9
10.2

4.8
8.6
7.4
5.4
9.3

9.8
8.9
16.1
19.1
16.5

32.7
29.7
23.7
26.2
23.2

1925.
1926.
1927.
1928.
1929.

100.0
100.0
100.0
100.0
100.0

36.9
34.3
40.2
36.1
31.8

17.0
15.2

20.2
18.5
22.1
19.1
16.6

63.1
65.7
59.8
63.9
68.2

36.7
36.4
31.9
35.2
39.3

10.8
12.0
13.5
11.0
14.7

8.7
9.5
8.8
9.6
8.9

17.2
14.9
9.6
14.5
15.7

26.5
29.2
27.9
28.7
28.9

1930.
1931.
1932.
1933.
1934.

100.0
100.0
100.0
100.0
100.0

26.9
23.8
19.1
28.9

14.9
14.5
12.4
14.7
8.3

12.0
9.3
6.7
14.2
9.8

73.1
76.2
80.9
71.1
81.9

40.2
51.0
60.8
52.3
62.3

16.0
13.0
11.3
11.2
15.2

7.5
9.6
12.9
19.3
12.9

16.6
28.4
36.6
21.8
34.1

32.9
25.2
20. 1
18.8
19.6

1935.
1936.
1937.
1938.
1939.

100.0
100.0
100.0
100.0
100.0

23.2
21.5
25.0
29.8
32.5

9.6
8.4

13.6
13.1
14.9
18.5
19.3

76.8
78.5
75.0
70.2
67.5

49.2
51.0
45.3
37.8
41.6

20.1
21.2
23.5
20.8
18.2

12.5
11.7
9.7
7.4
8.8

16.6
18.1
12.0
9.6
14.7

27.6
27.5
29.7
32.4
25.9

1940.
1941.
1942.
1943.
1944.

100.0
100.0
100.0
100.0
100.0

17.8
14.5
16.7
26.0
20.9

67.3
73.9
73.5
63.4
72.4

41.3
45.5
31.6
29.1
30.0

21.2
23.4
22.0
15.0
20.5

8.7
9.2
7.9
11.7
7.6

11.4
13.0
1.7
2.4
1.9

25.9
28.3
41.9
34.3
42.4




18.1

32.7

21.2
21.4

18.8
17.7

18.2
16.7
15.8

18.1

10.1
11.4
13.2
15.0

26.1

11.6

26.5
36.6
27.6

9.7
10.5
6.7

table 810.4

capital expenditures
percentage of t o t a l

year

i

1945
1946
1947
1948
1949

1
1
I
I
I
I
I
1
1

1950
1951
1952
1953
1954

|

i
i
i
i
1
i
,|
,|

machinery

b u i l d i n g s and l a n d improvements i

1
|
total

total

operators'
dwellings

other

100.0
100.0
100.0
100.0
100.0

28.9
52 . 9
41 . 8
36.6
33.2

7.4
18.6
16.2
15.7
14.5

21.5
34.3
25.7
20.9
18.8

100.0
100.0
100.0
100.0
100.0

32 . 6
32.5
35.2
32.3
34.2

13.7
13.5
14.5
13.1
13.7

18.8
19.0
20.7
19.2
20.5

33.4
36.7
36.0
30.1
32.6

12.8
13.9
13.7
11.4
10.6

20.6
22.7
22.3
18.7
22.0

1
1
|

1
1

total

|

1

1

motor v e h i c l e s

1

i

AUTOS. . . . 1

other

total

tractors

TRUCKS

71.1
47.1
58.2
63.4
66.8

26.4
25.6
32.3
33.5
37.9

16.4
11.0
13.1
14.7
16.2

5.6
9.8
13.5
11.9
11.4

4.5
4.7
5.7
6.8
10.2

44.7
21.5
25.9
29.9
28.9

67.4
67.5
64.8
67.7
65.8

37.1
36.0
31.0
38.1
34.8

16.5
16.4
16.5
15.3
13.7

10.7
9.1
7.6
8.0
9.1

9.9
10.5
6.9
14.9
12.1

30.3
31.5
33.8
29.6
31.0

|
|
|

I

66 . 6
63.3
64.0
69.9
67.4

35.8
32.8
35.1
35.6
33.3

16.6
13.8
13.3
15.0
15.7

7.5
8.6
9.5
8.5
8.4

11.7
10.4
12.3
12.2
9.2

30.8
30.6
28.9
34.3
34.1

|
i
1
|

I

i
|
|
|
i
|
1I

I

.

.1

100.0
100.0
100.0
100.0
100.0

,I
,1
,I
.I

100.0
100.0
100.0
100.0
100.0

37.6
37.9
36.5
34.9
33.7

10.8
12.8
10.9
10.4
10.3

26.8
25.1
25.5
24.4
23.4

|
i
|
|
i

62.4
62.1
63.5
65.1
66.3

29.9
30.6
32.9
32.3
32.8

11.0
12.5
13.7
14.5
14.9

9.6
10.2
10.2
10.0
10.3

9.4
7.8
8.9
7.7
7.6

32.5
31.5
30.7
32.9
33.4

.I
1965
.|
1966
1 9 6 7 . . . . , ,I
1 9 6 8 . . . . , .i
1969....,.|

100.0
100.0
100.0
ioo.o
100.0

31.5
31.1
31.1
32.0
34.1

8.8
8.9
8.2
8.2
9.5

22.7
22.2
22.9
23.9
24.6

|
|
|
i
|

68.5
68.9
68.9
68.0
65.9

31.8
31.6
28.6
30.8
29.2

16.2
18.1
15.7
17.4
15.6

8.7
7.6
7.7
8.0
8.3

7.0
5.9
5.2
5.3
5.3

36.7
37.4
40.3
37.2
36.7

1 9 7 0 . . . . , .i
1 9 7 1 . . . . , .i
1 9 7 2 . . . . ,,i
1 9 7 3 . . . . ,.i
1 9 7 4 . . . . , .i

100.0
100.0
100.0
100.0
100.0

32.5
33.8
29.2
28.6
34.9

6.8
7.7
7.0
5.0
9.1

25.7
26.0
22.2
23.6
25.8

|

|
i

67.5
66.2
70.8
71.4
65.1

27.9
29.0
30.6
28.6
27.0

15.4
16.1
17.6
18.0
17.8

8.2
8.6
8.4
6.8
6.9

4.3
4.3
4.6
3.8
2.4

39.6
37.2
40.2
42.8
38.0

1975....,.|
1 9 7 6 . . . . , •i

100.0
100.0

32.8
34.2

7.2
7.3

25.6
26.9

|
i

67.2
65.8

30.5
32.0

18.7
18.7

9.4
10.5

2.5
2.8

36.6
33.8

1955
1956
1957
1958
1959
1960
1961
1962
1963
1964

I

1
,I

I

1

1
1




'

I
I

1

97

TABLE

820.1
C A P I T A L CONSUMPTION ALLOWANCES
( D E P R E C I A T I O N ALLOWANCES AND ACCIDENTAL
AMOUNTS I N M I L L I O N S OF DOLLARS

YEAR

1910..,.
1911....
1912....,
1913....,
1914....,

1
1
1
1
1
1
•1
1
1
1
1
|

1915...., 1
1916
1
1917
,1
1918
1
1919
1
|
1920
1
1921
,1
1922
. 1
1923
•1
1924
.1
|
1925
,1
1926
,1
1927
.1
1928
,1
1929
1
|
1930
,1
1931
1
1932
,1
1933
>1
1934
1
j
1935
1
1936
1
1937
1
1938
1
1939
1
j
1940
1
1941
1
1942
1
1943
1
1944
1
1

BUILDINGS
TOTAL
TOTAL

AND LAND IMPROVEMENTS!
1
OPERATORS'
1
DWELLINGS
OTHER
|
1
1
115.
127.
|
117.
130.
|
118.
131.
1
115.
130.
I
107.
122.
|

416.
443.
469.
481.
482.

242.
247.
249.
245.
229.

524.
597.
714.
902.
1040.

237.
276.
328.
400.
468.

112.
129.
153.
188.
222.

125.
147.
175.
212.
246.

1211.
1039.
934.
943.
952.

527.
405.
409.
423.
428.

248.
191.
194.
201.
205.

872.
886.
890.
900.
916.

431.
425.
413.
414.
407.

955.
856.
734.
644.
650.

DAMAGE)

MACHINERY

TOTAL

1
|
1

MOTOR V E H I C L E S
TOTAL

TRACTORS

TRUCKS

AUTOS

I
1
1

OTHER

174.
196.
220.
236.
253.

12.
24.
36.
44.
54.

1.
3.
7.
10.
12.

0.
2.
3.
4.
5.

11.
19.
26.
30.
37.

162.
172.
184.
192.
199.

|
|
|
|
|

287.
321.
386.
502.
572.

77.
97.
132.
194.
265.

18.
21.
27.
58.
98.

7.
10.
13.
18.
23.

52.
66.
92.
118.
144.

210.
224.
254.
308.
307.

279.
214.
215.
222.
223.

|
|
|
|
|

684.
634.
525.
520.
524.

305.
257.
204.
211.
220.

118.
117.
80.
77.
73.

33.
36.
37.
37.
41.

154.
104.
87.
97.
106.

379.
377.
321.
309.
304.

207.
204.
198.
198.
196.

224.
221.
215.
216.
211.

|
|
|
|
|

441.
461.
477.
486.
509.

238.
255.
265.
269.
289.

78.
82.
86.
89.
94.

49.
57.
66.
71.
76.

111.
116.
113.
109.
119.

203.
206.
212.
217.
220.

394.
330.
280.
263.
281.

190.
159.
134.
125.
134.

204.
171.
146.
138.
147.

|
|
|
|
|

561.
526.
454.
381.
369.

288.
268.
229.
162.
180.

103.
97.
80.
60.
57.

69.
59.
47.
39.
39.

116.
112.
102.
83.
84.

273.
258.
225.
199.
189.

664.
728.
796.
833.
781.

279.
305.
309.
315.
277.

134.
150.
152.
155.
134.

145.
155.
157.
160.
143.

|
|
|
|
|

385.
423.
487.
518.
504.

196.
230.
281.
297.
285.

67.
86.
114.
128.
114.

41.
50.
61.
66.
68.

88.
94.
106.
103.
103.

189.
193.
206.
221.
219.

797.
870.
1335.
1369.
1425.

280.
309.
353.
403.
450.

136.
151.
174.
200.
224.

144.
158.
179.
203.
226.

|
|
|
|
|

517.
561.
982.
966.
975.

297.
338.
564.
529.
514.

116.
139.
257.
235.
235.

72.
80.
148.
156.
158.

109.
119.
159.
138.
121.

220.
223.
418.
437.
461.




1

TABLE

820.1

C A P I T A L CONSUMPTION ALLOWANCES
( D E P R E C I A T I O N ALLOWANCES AND ACCIDENTAL
AMOUNTS I N M I L L I O N S OF DOLLARS
BUILDINGS

I
I
I
I
I
I
I
195 0
I
195 1
I
195 2
I
195 3
I
195 4
I
I
195 5
I
195 6
I
195 7
I
195 8
I
1959.....I
I

194 5
194 6
1 9 47
194 8
194 9

MOTOR V E H I C L E S

OTHER

1310.
1189.
1553.
2002.
2365.

479.
523.
670.
755.
733.

238.
258.
317.
355.
343.

241.
265.
353.
400.
390.

831.
666 *
883.
1247.
1632.

2665.
3147.
3326.
3454.
3581.

782.
944.
905.
937.

1006.

365.
439.
419.
431.
462.

417.
505.
486.
506.
544.

1883.
2203.
2421.
2517.
2575.

3700.
3723.
3913.
4011.
4251.

1072.
1013.
1088.
1083.
1149.

495.
462.
490.
492.
515.

577.
551.
598.
591.
634.

2628.
2710.
2825.
2928.
3102.

1386.
1436.
1508.
1554.
1638.

620.

564.
586.
615.
653.
702.

647.
679.
711.
755.
809.

3126.
3123.
3204.
3288.
3392.

853.

3507.
3738.
3994.
4278.
4446.

2002.

1258.
1397.
1558.
1825.

1434.

2216.

4592.
4965.
5254.
5834.
6913.

1991.
2168.
2244.
2464.
2896.

1608.
1786.

2521.
2643.

8511.
9471.

3497.
3990.

4337.

1211.

I
I
I
I
I
1965 . . . . . I
1966....,!
196 7
I
196 8
I
196 9
I
I
197 0
I
1971....*I
197 2
I
197 3
I
197 4
I
I
197 5
I
197 6
I
I

4^83.
4530.
4696.
4903.

1265.
1326.
1408.
1511.

5111.
5384.
5781.
6200.
6574.

1604.
1646.
1787.
1922.

2128.

751.
758.
814.
852.
919.

6760.
7350•
7887.
8945.
10563.

2168.
2385.
2633.
3111.
3650.

910.
988.
1075.

12640.
13900.

4129.
4429.

196 1
196 2
196 3
196 4

I
L

OPERATORS'
DWELLINGS

I

196 0

MACHINERY

AND LAND IMPROVEMENTS

TOTAL

TOTAL

YEAR

DAMAGE)




1286.

888.

973.
1070.
1209.

TOTAL

J

TOTAL

TRACTORS

387.
333.
458.
655.
857.

179.
152.
189.
258.
341.

1008.

OTHER

TRUCKS

_AU1Q£

109.
106.
169.

99.
75.

262.

100.

135.

L
444.
333.
425.
592.
775.

315.

201.

397.
469.
514.
543.
544.

347.
382.
389.
369.
359.

264.
328.
379.
410.
450.

875.
1024.
1139.
1195.

564.
596.

681.

346.
358.
387.
397.
425.

476.
482.
501.
515.
532.

1242.
1274.
1317.
1374.
1464.

1598.
1572.
1637.
1685.
1723.

682.
668.
683.
695.
739.

431.
459.
501.
527.
538.

485.
445.
453.
463.
446.

1528.
1551.
1567.
1603.
1669.

1736.
1823.
1878.
1975.

788.

534.
562.
570.
596.

1771.
1915.

611.

414.
401.
376.
390.
377.

619.
711.
742.
799.
873.

357.
369.
379.
398.
410.

2601.

1059.
1213.

426.
469.

5014.
5481.

1179.

1282.
1322.
1353.

642.

860.

932.
989.
1014.
1015.

1088.
1123.
1267.
1613.

2012.
2308.

1222.

2116.
2303.
2444.

2797.
3010.
3370.
4017.

99

100

TABLE 8 2 0 . 2
C A P I T A L CONSUMPTION ALLOWANCES
( D E P R E C I A T I O N ALLOWANCES AND ACCIDENTAL DAMAGE)
CHANGE FROM P R E V I O U S YEAR I N M I L L I O N S OF DOLLARS

YEAR

1911
1912
1913
1914
1915
1916
1917
1918
1919

1
1
1
1
1
1
|
|
|
|
j
|
|
1
|
|

BUILDINGS
TOTAL
TOTAL

27.
26.
12.
1.

5.
2.
—4.
-16.

42.
73.
117.
188.
138.

8.
39.
52.
72.
68.

171.
-172.
-105.
9.
9.

59.
-122.
4.
14.
5.

|

1920
|
1921
|
1922
|
1 9 2 3 . . . . . |
1 9 2 4 . . . . . |

|

AND LAND IMPROVEMENTS!
1
OPERATORS'
1
DWELLINGS
OTHER
|
1
1
2.
3.
|
1.
1.
|
-3.
-1.
|
-8.
-8.
|
1
5.
3.
|
17.
22.
|
24.
28.
|
35.
37.
|
34.
34.
|
1
26.
33.
|
-65.
|
-57.
3.
1.
|
7.
7.
|
4.
1.
|
1
2.
1.
|
-3.
-3.
|
—6 •
-6.
I
0.
1.
1
-2.
-5.
|
1
—6 •
-7.
|
-31.
-33.
1
-25.
-25.
|
-9.
-8.
1
9.
9.
|

1925
1926
1927
1928
1929

|
|
|
|
|

—80 •
14.
4.
10.
16.

3.
—6.
-12.
1.
-7.

1930
1931
1932
1933
1934

|
|
|
|
|

39.
-99.
-122.
-90.
6.

-13.
—64.
-50.
-17.
18.

1935
1936
1937
1938
1939

|
|
|
|
|

14.
64 .
68.
37.
-52.

-2.
26.
4.
6.
-38.

0.
16.
2.
3.
-21.

-2.
10.
2.
3.
-17.

|
|
|
|
|
1

16.
73.
465.
34.
56.

3.
29.
44.
50.
47.

2.
15.
23.
26.
24.

1.
14.
21.
24.
23.

1940
1941
1942
1943
1944

|

|

|




1
|
|
I
I
|
1
|
|
1
|
|
1

MACHINERY

TOTAL

1
1
1

MOTOR V E H I C L E S
TOTAL

TRACTORS

TRUCKS

AUTOS

I
1
1

OTHER

22.
24.
16.
17.

12.
12.
8.
10.

2
4
3
2

.
.
.
.

2.
1.
1.
1.

8.
7.
4.
7.

10.
12.
8.
7.

34.
34.
65.
116.
70.

23.
20.
35.
62.
71.

6.
3.
6.
31.
40.

2.
3.
3.
5.
5.

15.
14.
26.
26.
26.

11.
14.
30.
54.
-1.

112.
-50.
-109.
-5.
4.

40.
-48.
-53.
7.
9.

20.
-1.
-37.
-3.
-4.

10.
3.
1.
0.
4.

10.
-50.
-17.
10.
9.

72.
-2.
—56 .
-12.
—5 .

-83.
20.
16.
9.
23.

18.
17.
10.
4.
20.

5.
4.
4.
3.
5.

8.
8.
9.
5.
5.

5.
5.
-3.
-4.
10.

-101.
3.
6.
5.
3.

52.
-35.
-72.
—73.
-12.

-1.
-20.
-39.
-47.
-2.

9.
—6 .
-17.
-20.
-3.

-7.
-10.
-12.
—8 •
0.

—3.
-4.
-10.
-19.
1.

53.
-15.
—33*
-26.
-10.

16.
38.
64.
31.
—14.

16.
34.
51.
16.
-12.

10.
19.
28.
14.
—14 .

2.
9.
11.
5.
2.

4.
6.
12.
-3.
0.

0.
4.
13.
15.
-2.

13.
44.
421.
—16.
9.

12.
41.
226.
-35.
-15.

2.
23.
118.
-22.
0.

4.
8.
68.
8.
2.

6.
10.
40.
-21.
-17.

1.
3.
195.
19.
24.

TABLE

820.2
C A P I T A L CONSUMPTION ALLOWANCES
( D E P R E C I A T I O N ALLOWANCES AND ACCIDENTAL DAMAGE)
CHANGE FROM P R E V I O U S YEAR I N M I L L I O N S OF DOLLARS
I

BUILDINGS

1

TOTAL

AND LAND IMPROVEMENTS|
1
OPERATORS'
1
DWELLINGS
OTHER
|

MACHINERY

1945
1946
1947
1948
1949

1
1
1
1
1
1
I
1
I
.1
I

-115.
-121.
364.
449.
363.

I
1
I
I
1

29.
44.
147.
85.
-22.

14.
20.
59.
38.
-12.

15.
24.
88.
47.
-10.

1
|
|
|
|
|

-144.
-165.
217.
364.
385.

-127.
-54.
125.
197.
202.

—56 •
-27.
37.
69.
83.

-49.
-3.
63.
93.
53.

-22.
-24.
25.
35.
66.

-17.
-111.
92.
167.
183.

1950
1951
1952
1953
1954

1
I
I
1
1

300.
482.
179.
128.
127.

|
I
I
1
I

49.
162.
-39.
32.
69.

22.
74.
-20.
12.
31.

27.
88.
-19.
20.
38.

|
|
|
|
|

251.
320.
218.
96.
58.

151.
171.
103.
40.
31.

56.
72.
45.
29.
1.

32.
35.
7.
-20.
-10.

63.
64 .
51.
31.
40.

100.
149.
115.
56.
27.

1955
1956
1957
1958
1959

I
,|
,I
,I
, I

119.
23.
190.
98.
240.

I
I
1
1
1

66.
-59.
75.
-5.
66.

33.
-33.
28.
2.
23.

33.
-26.
47.
-7.
43.

|
|
|
|
1

53.
82.
115.
103.
174.

33.
50.
72.
46.
84.

20.
32.
24.
22.
39.

-13.
12.
29.
10.
28.

26.
6.
19.
14.
17.

20.
32.
43.
57.
90.

1960
1961
1962
1963
1964

. |
,|
,|
.1
, 1
1
,1
. I
»I
,I
,I

86.
51.
142.
166.
207.

I
I
|
I
I

62.
54.
61.
82.
103.

49.
22.
29.
38.
49.

13.
32.
32.
44.
54.

|
|
|
|
|

24.
—3 .
81.
84.
104.

-40.
-26.
65.
48.
38.

1.
-14.
15.
12.
44.

6.
28.
42.
26.
11.

-47.
-40.
8.
10.
-17.

64.
23.
16.
36.
66.

208.
273.
397.
419.
374.

1
I
I
I
1

93.
42.
141.
135.
206.

49.
7.
56.
38.
67.

44.
35.
85.
97.
139.

|
|
|
|
|

115.
231.
256.
284.
168.

13.
87.
55.
97.
27.

49.
72.
72.
57.
25.

—4.
28.
8 .
26.
15.

-32.
-13.
—25.
14.
-13.

102.
144.
201.
187.
141.

186.
590.
537.
1058.
1618.

1
I
I
I
I

40.
217.
248.
478.
539.

-9.
78.
87.
211.
148.

49.
139.
161.
267.
391.

|
|
1
|
|

146.
373.
289.
580.
1079.

-11.
177.
76.
220.
432.

1.
73.
35.
144.
346.

8.
92.
31.
57.
74.

-20.
12.
10.
19.
12.

157.
196.
213.
360.
647.

2077.
1260.

I
I

479.
300.

174.
178.

305.
122.

|
|

1598.
960.

601.
493.

399.
296.

186.
154.

16.
43.

997.
467.

YEAR

1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976

. |
.1
,|
, |
.1
1
,I
,1
1




TOTAL

1

TOTAL

1
|
1

MOTOR V E H I C L E S

1
OTHER

TOTAL

TRACTORS

TRUCKS

AUTOS

1

102
TABLE

820.3
C A P I T A L C O N S U M P T I O N ALLOWANCES
( D E P R E C I A T I O N ALLOWANCES AND A C C I D E N T A L DAMAGE)
P E R C E N T A G E CHANGE FROM P R E V I O U S YEAR
1
1
1
1
1

YEAR

1
1
1
1

9
9
9
9

1
1
1
1

1
2
3
4

.
.
.
.

.
.
.
.

.
.
.
.

,
.
.
.

1
.1
. |
• |
• 1

1
1
1
1
1

9
9
9
9
9

1
1
1
1
1

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.1
.1
.1
.1
.|

1
1
1
1
1

9
9
9
9
9

2
2
2
2
2

0
1
2
3
4

...*
....
....
....
....

1
1
1
1
1

9
9
9
9
9

2
2
2
2
2

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

1
1
1
1
1

9
9
9
9
9

3
3
3
3
3

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

1
1
1
1
1

9
9
9
9
9

3
3
3
3
3

5
6
7
8
9

.
.
.
.
.

1
1
1
1
1

9
9
9
9
9

4
4
4
4
4

0
1
2
3
4

.
.
.
.
.

TOTAL

I BUILDINGS
1
1
1
TOTAL
1

AND LAND

IMPROVEMENTS!
1
OPERATORS'
1
DWELLINGS
OTHER
|
1

MACHINERY

TOTAL

1
1
1

MOTOR V E H I C L E S
TOTAL

TRACTORS

1
1
1

OTHER

TRUCKS

AUTOS

*****
50.0
33.3
25.0

72.7
36.8
15.4
23.3

6.2
7.0
4.3
3.6

6.5
5.9
2.6
0.2

1
1
I
1
1

2.
0.
- 1 .
- 6 .

1
8
6
5

1.7
0.9
-2.5
-7.0

2.
0.
- 0 .
-6.

4
8
8
2

1
|
|
|
|

12.6
12.2
7.3
7.2

100.0
50.0
22.2
22.7

200.0
133.3
42.9
20.0

8.7
13.9
19.6
26.3
15.3

1
1
1
1
1

3.5
16.5
18.8
22.0
17.0

4.7
15.2
18.6
22.9
18.1

2.5
17.6
19.0
21.1
16.0

|
|
I
|
|

13.4
11.8
20.2
30.1
13.9

42.6
26.0
36.1
47.0
36.6

50.0
16.7
28.6
114.8
69.0

4
4
3
3
2

0
9
0
5
8

40.5
26.9
39.4
28.3
22.0

5.5
6.7
13.4
21.3
-0.3

.1
.|
.I
.1
• I

16.4
-14.2
-10.1
1.0
1.0

1
1
1
1
1

12.6
-23.1
1.0
3.4
1.2

11.7
-23.0
1.6
3.6
2.0

13.4
-23.3
0.5
3.3
0.5

|
|
|
|
|

19.6
- 7 . 3
-17.2
- 1 . 0
0.8

15.1
-15.7
-20.6
3.4
4.3

20.4
-0.8
-31.6
-3.7
-5.2

43.5
9.1
2.8
0.0
10.8

6.9
-32.5
—16.3
11.5
9.3

23.5
-0.5
-14.9
-3.7
—1.6

.
.
.
.
.

.1
. 1
. |
.1
• I

-8.4
1.6
0.5
1.1
1.8

1
1
I
I
1

0.
- 1 .
- 2 .
0.
- 1 .

0.
-1.
-2.
0.
- 2 .

4
3
7
5
3

|
1
|
|
|

-15.8
4.5
3.5
1.9
4.7

6.8
5.1
4.9
3.5
5.6

19.5
16.3
15.8
7.6
7.0

4.7
4.5
-2.6
—3 . 5
9.2

-33.2
1.5
2.9
2.4
1.4

.
.
.
.
.

.
.
.
.
.

. I
. I
.1
.1
. I

4.3
-10.4
-14.3
-12.3
0.9

I
1
1
I
1

-3.2
-16.2
-15.2
- 6 . 1
6.8

-3
-16
-15
-6
7

-3.
-16.
-14.
-5.
6.

3
2
6
5
5

1
|
|
|
|

10.2
—6.2
-13.7
-16.1
-3.1

9.6
5.8
7.5
5.0
5.0

-9.2
-14.5
-20.3
-17.0
0.0

-2.5
-3.4
-8.9
—18.6
1.2

24.1
-5.5
-12.8
-11.6
—5.0

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

. |
. |
. |
. I
.1

2.2
9.6
9.3
4.6
-6.2

I
I
I
1
I

- 0 . 7
9.3
1 .3
1.9
-12.1

0.0
11.9
1.3
2.0
-13.5

- 1 . 4
6.9
1.3
1.9
-10.6

|
|
|
|
|

4.3
9.9
15.1
6.4
—2.7

8.9
17.3
22.2
5.7
—4.0

17.5
28.4
32.6
12.3
-10.9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

. I
. |
.|
. I
• I

2.
9.
53.
2.
4.

1
1
I
1
1

1.1
10.4
14.2
14.2
11.7

1.5
11.0
15.2
14.9
12.0

0.7
9.7
13.3
13.4
11.3

|
1
|
1
|

2.6
8.5
75.0
—1 . 6
0.9

4.2
13.8
66.9
-6.2
-2.8

1.8
19.8
84.9
—8.6
0.0

1




0
2
4
5
1

1

7
4
8
2
7

1.0
-1.4
-2.9
0.0
—1.0
.
.
.
.
.

1
3
7
7
2

1

8.
7.
3.
1.
7.
-0
-6
-14
-20
-1

.
.
.
.
.

2
1
9
5
4
3
9
6
5
1

-1
-2
-

0
2
0
8
7

.
.
.
.
.

1
0
0
2
0

4.8
6.8
12.8
-2.8
0.0

5.9
11.1
85.0
5.4
1.3

5.8
9.2
33.6
-13.2
-12.3

5.
22.
22.
8.
3.

0
2
6
7
-0

.
.
.
.
.

0
1
7
3
9

0.5
1.4
87.4
4.5
5.5

TABLE

820.3
C A P I T A L CONSUMPTION ALLOWANCES
( D E P R E C I A T I O N ALLOWANCES AND ACCIDENTAL DAMAGE)
PERCENTAGE CHANGE FROM P R E V I O U S YEAR
I

1
|
YEAR

I

1
1
1
.1
.I
.I
.1
.1

TOTAL

1
1
I

BUILDINGS

TOTAL

MACHINERY

AND LAND IMPROVEMENTS!
OPERATORS•
DWELLINGS

I
1
OTHER

|

TOTAL

1

MOTOR V E H I C L E S

1
1

1

OTHER

1965....
1966....
1967....
1968....
1969....

.
.
.
.
.

|
I
|
|
I
1
1
I
I
|
I

4.2
5.3
7.4
7.2
6.0

1
1
t
I
I
I
I
1
|
I
I
I
I
1
|
I
I
1
I
1
1
1
I
I
I
1
I
I
I
|
I

1970....
1971....
1972....
1973....
1974....

.1
.1
. |
.1
.1

2.8
8.7
7.3
13.4
18.1

1
I
1
I
I

1.9
10.0
10.4
18.2
17.3

-1.0
8.6
8.8
19.6
11.5

4.1
11.0
11.5
17.1
21.4

|
|
|
I
|

3.3
8.1
5.8
11.0
18.5

-0.5
8.9
3.5
9.8
17.5

0.1
7.2
3.2
12.8
27.3

1.3
14.9
4.4
7.7
9.3

—5.3
3.4
2.7
5.0
3.0

6.4
7.5
7.6
12.0
19.2

1 9 7 5 . . . . .1
1976.... .|
1

19.7
10.0

1
1
1

13.1
7.3

12.1
11.1

13.8
4.8

I
|
1

23.1
11.3

20.8
14.1

24.7
14.7

21.3
14.5

3.9
10.1

24.8
9.3

1945....
1946....
1947....
1948....
1949....
1950....
1951....
1952....
1953....
1954....
1955....
1956....
1957....
1958....
1959....

.|
•I
. |
. |
. I
I
. I
. |
. |
. |
• |

I960....
1961....
1962....
1963....
1964....

.
•
.
.
.

-8.1
-9.2
30.6
28.9
18.1
12.7
18.1
5.7
3.8
3.7
3.3
0.6
5.1
2.5
6.0
2.0
1.2
3.2
3.7
4.4




6.4
9.2
28.1
12.7
-2.9

6.3
8.4
22.9
12.0
-3.4

6.6
10.0
33.2
13.3
-2.5

1
1
|
I
|
|
I

6.7
20.7
-4.1
3.5
7.4

6.4
20.3
—4.6
2.9
7.2

6.9
21.1
-3.8
4.1
7.5

|
|
I
1
|

15.4
17.0
9.9
4.0
2.3

17.6
17.0
8.7
3.1
2.3

16.4
18.1
9.6
5.6
0.2

10.2
10.1
1.8
-5.1
-2.7

31.3
24.2
15.5
8.2
9.8

12.9
17.0
11.2
4.9
2.3

6.6
-5.5
7.4
-0.5
6.1

7.1
-6.7
6.1
0.4
4.7

6.1
-4.5
8.5
-1.2
7.3

I
|
|
|
|

2.1
3.1
4.2
3.6
5.9

2.4
3.6
5.0
3.1
5.4

3.7
5.7
4.0
3.5
6.1

—3 . 6
3.5
8.1
2.6
7.1

5.8
1.3
3.9
2.8
3.3

1.(6
2.6
3.4
4.3
6.6

5.4
4.5
4.8
6.2
7.3

9.5
3.9
4.9
6.2
7.5

2.1
4.9
4.7
6.2
7.2

|
|
I
|
I

0.8
-0.1
2.6
2.6
3.2

—2.4
—1. 6
4.1
2.9
2.3

0.1
-2.1
2.2
1.8
6.3

1.4
6.5
9.2
5.2
2.1

-8.8
-8.2
1.8
2.2
-3.7

4.4
1.5
1.0
2.3
4.1

6.2
2.6
8.6
7.6
10.7

7.0
0.9
7.4
4.7
7.9

5.4
4.1
9.6
10.0
13.0

|
|
I
|
I

3.4
6.6
6.8
7.1
3.9

0.8
5.0
3.0
5.2
1.4

6.6
9.1
8.4
6.1
2.5

-0.7
5.2
1.4
4.6
2.5

-7.2
-3.1
—6.2
3.7
-3.3

6.1
8.1
10.5
8.8
6.1

1

TOTAL

-14.8
-19.9
32.6
41.2
30.9

-24.7
-14.0
37.5
43.0
30.8

TRUCKS

AUTOS

-23.8
-15.1
24.3
36.5
32.2

-31.0
-2.8
59.4
55.0
20.2

-18.2
-24.2
33.3
35.0
48.9

-3.7
-25.0
27.6
39.3
30.9

TRACTORS

1

103

TABLE

104

820.4
C A P I T A L CONSUMPTION ALLOWANCES
( D E P R E C I A T I O N ALLOWANCES AND ACCIDENTAL DAMAGE)
PERCENTAGE OF TOTAL

YEAR

1
1
1
1
1

9
9
9
9
9

1
1
1
1
1

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

1
1
1
1
1

9
9
9
9
9

1
1
1
1
1

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

1920....
1921
1922
1923 . . . . ,
1924
1925.....
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937.....
1938
1939
1940
1941
1942
1943
1944

1
1
1
1
1
1
.1
.1
1
I
1
1
1
1
1
1
.1
1
1
1
,1
.1
.1
1
.1
,1
»I
>1
•1
1
,1
1
•1
1
1
1
1
,1
1
1
1
j
,|
1
1
1
1
1

TOTAL

100.0
100.0
100.0
100.0
100.0

B U I L D I N G S AND LAND IMPROVEMENTS I
*
OPERATORS•
1
TOTAL
DWELLINGS
OTHER
|
1
1
58.2
27.6
30.5
|
55.8
26.4
29.3
|
53.1
25.2
27.9
|
50.9
23.9
27.0
|
47.5
22.2
25.3
|

MACHINERY

TOTAL

MOTOR V E H I C L E S

• 1
1

|

TOTAL

TRACTORS

TRUCKS

AUTOS

1
1
I

OTHER

41.8
44.2
46.9
49.1
52.5

2.9
5.4
7.7
9.1
11.2

0.2
0.7
1.5
2.1
2.5

0.0
0.5
0.6
0.8
1.0

2.6
4.3
5.5
6.2
7.7

38.9
38.8
39.2
39.9
4i .3

1.3
1.7
1.8
2.0
2.2

9.9
11.1
12.9
13.1
13.8

40.1
37.5
35.6
34.1
29.5

100.0
100.0
100.0
100.0
100.0

4
4
4
4
4

2
2
9
3
0

21.4
21.6
21.4
20.8
21.3

23.9
24.6
24.5
23.5
23.7

|
|
|
|
1

54.8
53.8
54.1
55.7
55.0

14.7
16.2
18.5
21.5
25.5

3.4
3.5
3.8
6.4
9.4

100.0
100.0
100.0
100.0
100.0

43.5
39.0
43.8
44.9
45.0

20.5
18.4
20.8
21.3
21.5

23.0
20.6
23.0
23.5
23.4

|
|
|
|
|

56.5
61.0
56.2
55.1
55.0

25.2
24.7
21.8
22.4
23.1

9.7
11.3
8.6
8.2
7.7

2
3
4
3
4

7
5
0
9
3

12.7
10.0
9.3
10.3
11.1

31.3
36.3
34.4
32.8
31.9

100.0
100.0
100.0
100.0
100.0

4
4
4
4
4

4
0
4
0
4

23.7
23.0
22.2
22.0
21.4

25.7
24.9
24.2
24.0
23.0

|
|
|
|
|

50.6
52.0
53.6
54.0
55.6

27.3
28.8
29.8
29.9
31.6

8.9
9.3
9.7
9.9
10.3

5.6
6.4
7.4
7.9
8.3

12.7
13.1
12.7
12.1
13.0

23.3
23.3
23.8
24.1
24.0

100.0
100.0
100.0
100.0
100.0

41.3
38.6
38.1
40.8
43.2

19.9
18.6
18.3
19.4
20.6

21.4
20.0
19.9
21.4
22.6

|
I
|
|
|

58.7
61.4
61.9
59.2
56.8

30.2
31.3
31.2
28.3
27.7

10.8
11.3
10.9
9.3
8.8

7.2
6.9
6.4
6.1
6.0

12.1
13.1
13.9
12.9
12.9

28.6
30.1
30.7
30.9
29.1

100.0
100.0
100.0
100.0
100.0

4
4
3
3
3

2.0
1.9
8.8
7.8
5.5

20.2
20.6
19.1
18.6
17.2

21.8
21.3
19.7
19.2
18.3

|
|
|
|
|

58.0
58.1
61.2
62.2
64.5

29.5
31.6
35.3
35.7
36.5

10.1
11.8
14.3
15.4
14.6

6.2
6.9
7.7
7.9
8.7

13.3
12.9
13.3
12.4
13.2

28.5
26.5
25.9
26.5
28.0

100.0
100.0
100.0
100.0
100.0

3
3
2
2
3

5
5
6
9
1

17.1
17.4
13.0
14.6
15.7

18.1
18.2
13.4
14.8
15.9

|
|
|
|
|
1

64.9
64.5
73.6
70.6
68.4

37.3
38.9
42.2
38.6
36.1

14.6
16.0
19.3
17.2
16.5

9.0
9.2
11.1
11.4
11.1

13.7
13.7
11.9
10.1
8.5

27.6
25.6
31.3
31.9
32.4




5
6
5
4
5

9
8
6
6
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

1
5
4
4
6

.
.
.
.
.

TABLE

820.4

C A P I T A L CONSUMPTION ALLOWANCES
( D E P R E C I A T I O N ALLOWANCES AND ACCIDENTAL
PERCENTAGE OF TOTAL
BUILDINGS
TOTAL

YEAR

1945
1946
1947
1948
1949
1950
1951.....
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962....,
1963.....
1964....,
1965....,
1966....,
1967.....
1968....,
1969....
1
1
1
1
1

9
9
9
9
9

70....,
71....
72....
73....
74....

1975....
1976....

TOTAL

I
|
I
1
I
1
|
I
|
I
1
1
1
,|
,1
,I
,I
1
,|
,I
.|
.1
.1
1
.1
.|
.|
.|
.I
1
.|
.|
.|
.|
.I
1
.|
.|




MACHINERY

AND LAND IMPROVEMENTS
OPERATORS•
DWELLINGS

DAMAGE)

MOTOR V E H I C L E S
OTHER

J

TOTAL
TOTAL

TRACTORS

TRUCKS

AUTOS

I

OTHER

1

100.0
100.0
100.0
100.0
100.0

36.6
44.0
43.1
37.7
31 . 0

18.2
21.7
20.4
17.7
14.5

18.4
22.3
22.7
20.0
16.5

63.4
56.0
56.9
62.3
69.0

29.5
28.0
29.5
32.7
36.2

13.7
12.8
12.2
12.9
14.4

8.3
8.9
10.9
13.1
13.3

7.6
6.3
6.4
6.7
8.5

33.9
28.0
27.4
29.6
32.8

100.0
100.0
100.0
100.0
100.0

29.3
30.0
27.2
27.1
28.1

13.7
13.9
12.6
12.5
12.9

15.6
16.0
14.6
14.6
15.2

70.7
70.0
72.8
72.9
71.9

37.8
37.5
38.5
38.3
37.8

14.9
14.9
15.5
15.7
15.2

13.0
12.1
11.7
10.7
10.0

9.9
10.4
11.4
11.9
12.6

32.8
32.5
34.2
34.6
34.1

100.0
100.0
100.0
100.0
100.0

29.0
27.2
27.8
27.0
27.0

13.4
12.4
12.5
12.3
12.1

15.6
14.8
15.3
14.7
14.9

71.0
72.8
72.2
73.0
73.0

37.5
38.6
38.5
38.7
38.5

15.2
16.0
15.8
16.0
16.0

9.4
9.6
9.9
9.9
10.0

12.9
12.9
12.8
12.8
12.5

33.6
34.2
33.7
34.3
34.4

100.0
100.0
100.0
100.0
100.0

27.9
28.8
29.3
30.0
30.8

13.0
13.4
13.6
13.9
14.3

14.9
15.5
15.7
16.1
16.5

72.1
71.2
70.7
70.0
69.2

36.8
35.8
36.1
35.9
35.1

15.7
15.2
15.1
14.8
15.1

9.9
10.5
11.1
11.2
11.0

11.2
10.1
10.0
9.9
9.1

35.2
35.3
34.6
34.1
34.0

100.0
100.0
100.0
100.0
100.0

3
3
3
3
3

.4
.6
.9
.0
.4

14.7
14.1
14.1
13.7
14.0

16.7
16.5
16.8
17.3
18.4

68.6
69.4
69.1
69.0
67.6

34.0
33.9
32.5
31.9
30.5

15.4
16.0
16.1
16.0
15.4

10.4
10.4
9.9
9.6
9.3

8.1
7.4
6.5
6.3
5.7

34.7
35.6
36.6
37.1
37.2

100.0
100.0
100.0
100.0
100.0

32.1
32.4
33.4
34.8
34.6

13.5
13.4
13.6
14.4
13.6

18.6
19.0
19.8
20.4
21.0

67.9
67.6
66.6
65.2
65.4

29.5
29.5
28.5
27.5
27.4

15.0
14.8
14.2
14.2
15.3

9.2
9.7
9.4
8.9
8.3

5.
5.
4.
4.
3.

3
0
8
4
9

38.5
38.1
38.2
37.7
38.0

100.0
100.0

32.7
31.9

12.7
12.8

19.9
19.0

67.3
68.1

27.7
28.7

15.9
16.6

8.4
8.7

3.4
3.4

39.7
39.4

1
0
0
1
2

105

TABLE

106

830.1
C A P I T A L NET INVESTMENT
( E X P E N D I T U R E S L E S S CONSUMPTION ALLOWANCES)
AMOUNTS I N M I L L I O N S OF DOLLARS
1
1
|
1
1
1
|
|
|
|
|
|
|
|
|
|

YEAR

BUILDINGS
TOTAL
TOTAL

AND LAND IMPROVEMENTS!
1
OPERATORS•
1
DWELLINGS
OTHER
|
I

MACHINERY
MOTOR V E H I C L E S

1
TOTAL

i

11

TflTAl
lUlAL

•!. 1 KAL.iuftrf

1
1

IBUCKS

121.
109.
96.
72.
83.

24.
24.
26.
12.
33.

1.

1.

11.

4.

-5.
23.
75.
63.
134.

1
|
|
|
|
1
1i
|
|
|
|
|

94.
75.
80.
-23.
52.

64.
68.
113.
73.
156.

14.
15.
34.
89.
105.

8.
8.
9.

18.
-93.
-75.
-59.
-72.

21.
-89.
-65.
-47.
-58.

|
|
|
|
|

149.
-309.
— 162 .
-35.
-93.

70.
-95.
9.
64.
42.

53.
-51.
-16.
2.

-120.
-128.
-58.
-83.
-100.

-66 .
—67 •
-38.
-42.
-49.

-54.
-61.
-20.
-41.
-51.

|
|
|
|
|

91.
107.
52.
99.
150.

71.
60.
17.
53.
91.

-238.
-448 .
-540.
-447.
-263 .

-201.
-233.
-243.
—206.
-211.

-83.
-100.
-110.
-96.
-102.

1
1
1
1
1

|
|
|
|
|

-37.
-215.
-297.
-241.
-52.

1935.....|
193 6
|
193 7
|
193 8
|
193 9
|

-81.
58.
151.
-102.
50.

-144.
-136.
-72.
-97.
-7.

|
|

194 0
194 1
194 2
194 3
1 9 44

132.
393.
-39.
-335.
236.

24.
21.
-10.
-25.
8.

191 0
191 1
191 2
191 3
191 4

115.
87.
91.
71.
98.

-6.
-22.
-5.
-1.
15.

-4.
-12.
-4.
-1.
7.

-2.
-10.
-1.
0.
8.

86.
123.
201.
55.
237.

-8.
48.
121.
78.
185.

192 0
192 1
192 2
192 3
192 4

|
|
|
|
|
|

-3.
25.
46 .
15.
51.

188.
-491.
-302.
-141.
-223.

39.
-182.
-140.
-106.
-130.

192 5
192 6
192 7
192 8
192 9

|
|
|
|
|

-29.
-21.
-6 .
16.
50.

191 5
191 6
191 7
191 8
1919.....|

193 0
193 1
1 9 32
193 3
1 9 34

|

I

|
|
|
|
|

1

|
|
|
|
|

|

1




-

7
8
5
7
2

8
4
6
2
4

-

1
3
3
1
0

8.
3.
3.
0.
9.

j

.
.
.
.
.

-66.
-52.
-16.
-25.
17.

|
|

63.
194.
223.
-5.
57.

3.
- 4 .
-48.
-91.
-113.

21.
25.
38.
66.
121.

|
|
I
|
|

108.
372.
-29.
-310.
228.

j

1

4.
5.
8.

3.

-

AUTOS

OTHER

1

17.
18.
15.
10.
18.

97.
85.
70.
60.
50.

8.

42.
45.
70.
-17.
43.

30.
7.
-33.
-96.
-104.

34.
11.
10.
6.
27 o

-17.
-55.
15.
56.
14.

79.
-214.
-171.
-99.
-135.

13.
22.
33.
12.
48.

24.
25.
12.
17.
10.

34.
13.
-28.
24.
33.

20.
47.
35.
46.
59.

0.
—60.
-111.
-79.
61.

12.
-44.
-58.
-38.
2.

-15.
-20.
-22.
-1.
11.

3.
4.

-31.
—40.
48.

-37.
-155.
-186.
—162 .
-113.

91.
171.
148.
-21.
61.

50.
81.
109.
24.
37.

32.
42.
31.
-12.
5.

9.
48.
8.
-33.
19.

-28.
23.
75.
16.
-4.

87.
237.
-154.
-228.
—16.

81.
156.
28.
—80.
105.

9.
36.
-45.
-35.
-32.

-3.
45.
-137.
-113.
-89.

21.
135.
125.
-82.
244.

1.

1.
3.

1.

TABLE 8 3 0 . 1

C A P I T A L NET INVESTMENT
( E X P E N D I T U R E S L E S S CONSUMPTION ALLOWANCES)
AMOUNTS I N M I L L I O N S OF DOLLARS

1
j

I
1
1

YEAR

1
I
I
I
|
1

1945
1946
1947
1948
1949

1

1

BUILDINGS

TOTAL

1
1
I

TOTAL

375.
1006.
1875.
2482.
2359.

1
|
1
I
I
I

8.
638.
764.
885*
837.

-113.
151.
237.
347.
340.

740.
655.
709.
590.
419.

1

MACHINERY

AND LAND IMPROVEMENTS I
1
OPERATORS f
1
OTHER
|
DWELLINGS

TOTAL

121.
487.
527.
538.
497.

1
|
I
|
|
|

367.
368.
1111.
1597.
1522.

58.
228.
648.
848.
933.

277.
226.
246.
188.
110.

463.
429.
463.
402.
309.

|
|
|
I
|

1269.
1118.
545.
684.
164.

313.
379.
323.
272.
505.

37.
67.
47.
22.
24.

276.
312.
276.
250.
481.

I
1
|
1
|

|

1
|
1

MOTOR V E H I C L E S

1
1
1

OTHER

TRUCKS

AUTOS

97.
89.
260.
403.
425.

-15.
110.
294.
273.
225.

-24.
29.
94.
172.
283.

309.
140.
463.
749.
589.

726.
593.
138.
481.
96.

372.
338.
241.
179.
26.

155.
68.
-40.
9.
18.

199.
187.
—63 .
293.
52.

543.
525.
407.
203.
68 .

132.
-304.
-313.
222.
312.

96.
-191.
-131.
52.
48.

125.
-71.
-98.
35.
116.

-37.
-33.
-16.
—16.
0.

8.
-87.
-17.
33.
—68.

36.
-113.
-182.
170.
264.

TOTAL

TRACTORS

I
I
I
I
1
1
,I
1955
1956...... |
. 1
1957
1 9 5 8 . . . . , .I
,I
1959

2009.
1773.
1254.
1274.
583.
445.
75.
10.
494.
817.

|
|
I
I
I
1
|
1
|
I
1

I960..
1961
1962..
1963..
1964..

. . ,,|
,1
..,. 1
..,. |
.... 1

151.
226.
492.
715.
785.

I
1
1
I
|

475.
483.
506.
478.
407.

-79.
6.
—66 .
—88 •
-115.

554.
477.
572.
566.
522.

|
I
I
|
|

-324.
-257.
-14.
237.
378.

-254.
-159.
13.
61.
145.

-188.
-89.
4.
91.
110.

-1.
13.
13.
16.
48.

—65.
-83.
—4.
—46.
-13.

-70.
-98.
-27.
17 6 .
233.

1
1
1
1
1

9
9
9
9
9

6
6
6
6
6

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.I
.I
. I
.|
.|

994.
1304.
1665.
496.
291.

|
|
|

322.
431.
527.
224.
212.

-212
—165
-202
-304
-268

.
•
.
.
.

534.
596.
729.
528.
480.

I
|
I
1
|

672.
873.
1138.
272.
79.

204.
290.
251.
85.
1.

198.
349.
236.
179.
59.

-5.
-51.
6.
—61.
-44.

11.
—8 •
9.
-33.
-14.

468.
583.
887.
187 .
78 .

1
1
1
1
1

9
9
9
9
9

7
7
7
7
7

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

525.
7.
158.
1764.
2027.

199.
99.
-283.
-49.
745.

-418.
-420.
-510.
-749.
-288.

617.
519.
227.
700.
1033.

I
|
1
|
I

326.
-92.
441.
1813.
1282.

39.
-31.
220.
602.
509.

108.
100.
295.
656.
623.

-

.
.
.
.
.

-47.
-50.
—5.
12.
—105.

287.
—61.
221.
1211.
773.

189.
552.

-655.
—726 .

844.
1278.

I
1
1

520.
665.

448.
412.

171.
313.

-99.
—60.

-194.
-551.

1950
1951
1952
1953
1954

1

1

,
,
,
,
,

1

|
|
1
|
|

t
1975.... .|
1 9 7 6 . . . . .1
I




515.
666.

1

1

I
I

1
I
I
i
I
I
1
I
1
t

326.
114.*

2
8
7
6
-

2
1
0
6
9

AGRICULTURAL F I N A N C E DATABOOK—ANNUAL

900

920

INCOME,

AND C A S H FLOW

GROSS FARM INCOME,
921.1
921.2
921.3
921.4

930

EXPENSES,

1910-0ATE

AMOUNTS
CHANGE FROM P R E V I O U S YEAR
. X I X
PERCENTAGE CHANGE FROM PREVIOUS YEAR
PERCENTAGE D I S T R I B U T I O N

FARM PRODUCTION E X P E N S E S ,
931.1
931.2
931.3
931.4

SERIES

1910-DATE

AMOUNTS
CHANGE FROM P R E V I O U S YEAR . . . . . . . . X
PERCENTAGE CHANGE FROM PREVIOUS YEAR
PERCENTAGE D I S T R I B U T I O N




(CONTINUED)

NOVEMBER 1 9 7 7

1 0 8

A G R I C U I B aAL

FINANCE

903

EXPENSES,

INCOME,

940

CASH

941

941.1
941.2
941.3
941.4

IN

CASH

951

1967

1910-DATE

DOLLARS
126

128
YEAR

130
132

DOLLARS

FLOW AND NET

INCOME,

YEAR

134
136
138

1960-DATE

CURRENT DOLLARS

IN

AMOUNTS
CHANGE FROM P R E V I O U S YEAR
PERCENTAGE CHANGE FROM P R E V I O U S
PERCENTAGE D I S T R I B U T I O N

1967

952.1
952.2
952.3
952.4

SOURCE:

(CONTINUED)

AMOUNTS
CHANGE FROM P R E V I O U S YEAR
PERCENTAGE CHANGE FROM PREVIOUS

951.1
951.2
951.3
951.4

952

INCOME,

NOVEMBER 1 9 7 7

SERIES

AMOUNTS
CHANGE FROM P R E V I O U S YEAR
PERCENTAGE CHANGE FROM PREVIOUS
PERCENTAGE D I S T R I B U T I O N

942.1
942.2
942.3

950

AND CASH FLOW

FLOW AND NET

CURRENT

942

DATABOOK—ANNUAL

YEAR

140
140
141
141

DOLLARS

AMOUNTS
CHANGE FROM P R E V I O U S YEAR
PERCENTAGE CHANGE FROM PREVIOUS
PERCENTAGE D I S T R I B U T I O N

YEAR

142
142
143
143

FARM INCOME S T A T I S T I C S . SECTOR PERFORMANCE MEASURES,
NATIONAL ECONOMIC A N A L Y S I S D I V I S I O N , ECONOMIC RESEARCH
S E R V I C E , U . S . DEPARTMENT OF A G R I C U L T U R E .

SECTIONS 9 4 0
SERIES USED,

AND 9 5 0 D I F F E R WITH RESPECT TO THE NONFARM INCOME
AS E X P L A I N E D I N THE FOOTNOTE TO TABLE 9 4 1 . 1 .




109

110

table 921.1
g r o s s farm income
amounts i n m i l l i o n s o f d o l l a r s
cash receipts
year

total

total

u n r e a l i z e d and nonmqney income

marketings
I
I

TOTAL

LIVESTOCK

CROPS

a

i government|
payments |

J

other
farm

total

L INCOME

i net change|
home
| rental
|
in
|consumption| value of
1 INVENTORY!
I dwellings

1910,.
1911.<
1912...
1913...
1914...

7689.
6923.
8242.
7653.
8135.

5780.
5584.
6008.
6238.
6036.

5780.
5584.
6008.
6238.
6036.

2851.
2679.
2913.
3161.
3137.

2929.
2905.
3095.
3077.
2899.

0.
0.
0.
0.
0.

0.
0.
0.
0.
0.

1909.
1339.
2234.
1415.
2099.

212.
-260.
579.
-266 .
417.

1270.
1165.
1204.
1222.
1228.

427.
434.
451.
459.
454.

1915...
1916...
1917...
1918...
1919...

8387.
9305.
14296.
16294.
17316.

6392.
7746.
10736.
13467.
14538.

6392.
7746.
10736.
13467.
14538.

3129.
3711.
5094.
6493.
6935.

3263.
4035.
5642.
6974.
7603.

0.
0.
0.
0.
0.

0.
0.
0.
0.
0.

1995.
1559.
3560.
2827.
2778.

327.
-338.
986.
-153.
-509.

1192.
1384.
2003.
2341.
2556.

476.
513.
571.
639.
731.

1920..
1921..
1922..,
1923..,
1924..,

16632.
10008.
10957.
12122.
12302.

12600.
8058.
8575.
9545.
10225.

12600.
8058.
8575.
9545.
10225.

5956.
3952.
4275.
4680.
4812.

6644.
4106.
4300.
4865.
5413.

0.
0.
0.
0.
0.

0.
0.
0.
0.
0.

4032.
1950.
2382.
2577.
2077.

688.
-565.
-102.
-45.
-483.

2509.
1746.
1717.
1772.
1706.

835.
769.
767.
850.
854.

1925..,
1926...
1927..,
1928..,
1929..,

14081.
13309.
13161.
13738.
13816.

11021.
10558.
10733.
10991.
11312.

10 5 5 8 .
10733.
10991.
11312.

11021.

5476.
5683.
5608.
6035.

6182.

5545.
4875.
5125.
4956.
5130.

0.
0.
0.
0.
0.

0.
0.
0.
0.
0.

3060.
2751.
2428.
2747.
2 504.

365.
7.
-175.
140.
-122.

1827.
1875.
1725.
1724.
1713.

868.
869.
878.
883.
913.

1930..,
1931...
1932...
1933...
1934...

11203.
6515.
6913.
7638.

9055.
6381.
4748.
5463.
6803.

9055.
6381.
4748.
5332.
6357.

5187.
3841.
2752.
2846.
3336.

3868.
2540.
1996.
2486.
3021.

0.
0.
0.
131.
446.

0.
0.
0.
0.
0.

2148.
2500.
1767.
1450.
835.

-269.
460.
110.
-194.
-930.

1552.
1265.
993.
1030.
1125.

865.
775.
664.
614.
640.

1935...
1936...
1937...
1938...
1939...

10394.
9950.
12183.
10281.
10680.

7693.
8669.
9200.
8169.
8635.

7120.
8391.
8864.
7723.
7872.

4143.
4742.
4940.
4523.
4536.

2977.
3649.
3924.
3200.
3336.

573.
278.
336.
446.
763.

0.
0.
0.
0.
0.

2701.
1281.
2983.
2112.
2045.

698.
—806.
816.
132.
95.

1320.
1394.
1434.
1235.
1209.

683.
693.
733.
745.
741.

1940...
1941...
1942...
1943...
1944..

11340.
14271.
19893.
23344.
24038.

9105.
11655.
16215.
20265.
21312.

8382.

4913.
6492.
9039.
11493.
11351.

3469.
4619.
6526.
8127.
9185.

723.
544.
650.
645.
776.

0.
0.
0.
0.
0.

2235.
2616.
3678.
3079.
2726.

281.
420.
1099.
-53.
-410.

1210.
1429.
1758.
2253.
2181.

744.
767.
821.
879.
955.

8881.




11111.

15565.
19620.
20536.

TABLE

921,1
GROSS FARM INCOME
AMOUNTS I N M I L L I O N S OF DOLLARS
U N R E A L I Z E D AND NONMONEY INCOME

CASH R E C E I P T S
YEAR

|

MARKETINGS

TOTAL
TOTAL
TOTAL

LIVESTOCK

CROPS

I GOVERNMENT!
1 PAYMENTS |
1
1

OTHER
FARM
INCOME

|
|
1

945.,.|
946...I
947...1
948..e|
949...|

25374.
29568.
32386.
36454.
30762.

22405 .
25574.
29934.
30484.
27990.

21663.
24802.
29620.
30227.
27805.

12008.
13786.
16527.
17129.
15409.

9655.
11016.
13093.
13098.
12396.

742.
772.
314.
257.
185.

0.
0.

I
I

0.
0.
0.

1

1950...1
1951...|
1952...|
1953...1
1954...I

33103.
38282.
37751.
34447.
34181.

28764.
33186.
32873.
31298.
30190.

28461.
32858.
32528.
31001.
29832.

16105.
19619.
18238.
16923.
16276.

12356.
13239.
14290.
14078.
13556.

283.
286.
275.
213.
257.

20.
42.
70.
84.
101.

1
1
1
1
1

|
|
|
|
|

33476.
33959.
34788.
38958.
37890.

29842.
31096.
30899.
34767 .
34556.

29490.
30401.
29714.
33456.
33647.

15967.
16363.
17376.
19227.
18904.

13523.
14038.
12338.
14229.
14743.

229.
554.
1016.
1089.
682.

1960..,I
1961...1
1962...|
1963...I
1964...|

38894.
40547.
42343.
43368.
42304.

35194.
36900.
38472 .
39458.
39843 .

34248.
35164.
36468.
37477.
37326.

18989.
19514.
20158.
20047.
19948.

15259.
15650.
16310.
17430.
17378.

1965...I
1966 . . . |
1967... |
1968... |
1969...|

46549.
50468.
50520.
51847.
56408.

42215.
47128 .
46380.
48166.
52532.

39365.
43435.
42817.
44183.
48179.

21886.
25026.
24383.
25487.
28573.

1
1
1
1
1

970...|
971...|
972...1
973...|
974...I

58575.
62000.
70980.
98911.
98340.

54799.
56645 .
65814.
90488.
93969.

50539.
52859.
61190.
87068.
92449.

1975...|
1976...|

100116.
101749.

90117.
96422.

88077.
94326.

1
1
1
1
1

9
9
9
9
9

THESE

5
5
5
5
5

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

USDA

SERIES




TOTAL

|
RENTAL
HOME
| N E T CHANGE 1
|
IN
| C O N S U M P T I O N ! VALUE OF
1 INVENTORY!
1 DWELLINGS

2969.
3994.
2452.
5970.
2772.

-439.
29.
-1760.
1732.
—866.

2356.
2662.
2765.
2733.
2230.

1052.
1303.
1447.
1505.
1408.

I
|
1
|

1

4339.
5096.
4878.
3149.
3991.

812.
1184.
922.
-623.
491.

2063.
2304.
2220.
2007.
1789.

1464.
1608.
1736.
1765.
1711.

123.
141.
169.
222.
227.

|
I
|
|
|

3634.
2863.
3889.
4191.
3334.

215.
-456.
618.
825.
14.

1678.
1585.
1484.
1505.
1289.

1741.
1734.
1787.
1861.
2031.

702.
1493.
1747.
1696.
2181.

244.
243.
257.
285.
336.

I
|
1
I
|

3700.
3647.
3871.
3910.
2461.

397.
336.
620.
629.
-817.

1205.
1109.
993.
921.
835.

2098.
2202.
2258.
2360.
2443.

17479.
18409.
18434.
18696.
19606.

2463.
3277.
3079.
3462.
3794.

387.
416.
484.
521.
559.

1
|
|
|
|

4334.
3340.
4140.
3681.
3876.

1042.
-83.
657.
124.
99.

811.
824.
736.
719.
731.

2481.
2599.
2747.
2838.
3046.

29563.
30583.
35670.
45936.
41359.

20976.
22276.
25520.
41132.
51090.

3717.
3145.
3961.
2607.
531.

543.
641.
663.
813.
989.

1
|
I
|
|

3776.
5355.
5166.
8423.
4371.

6.
1397.
861.
3406.
-1611.

751.
732.
831.
1104.
1295.

3019.
3226.
3474.
3913.
4687.

43024.
46389.

45053.
47937.

807.
734.

1233.
1362.

|
|

9999.
5327.

3448.
-1894.

1270.
1342.

5281.
5879.

INCLUDE SHARE RENT AND GOVERNMENT PAYMENTS RECEIVED

I
I

BY L A N D L O R D S .

Ill

112
TABLE 9 2 1 . 2
CHANGE
1
1
|
1
1
1

YEAR

1911.
1912,
1913a
1914.

..|
,.|
.1
..|
|

GROSS FARM INCOME
FROM P R E V I O U S YEAR I N M I L L I O N S OF DOLLARS

CASH R E C E I P T S
TOTAL

MARKETINGS
TOTAL
TOTAL

LIVESTOCK

CROPS

UNREALIZED AND NONMONEY
I GOVERNMENT!
1 PAYMENTS |
1
1

OTHER
FARM
INCOME

TOTAL

INCOME

INET CHANGE|
HOME
|
RENTAL
1
IN
| C O N S U M P T I O N ! VALUE OF
1 INVENTORY 1
1 DWELLINGS

-766.
1319.
-589.
482.

-196.
424.
230.
-202.

-196.
424.
230.
-202.

-172.
234.
248.
—24 .

-24.
190.
-18.
-178.

0.
0.
0.
0.

0.
0.
0.
0.

-570.
895.
-819.
684.

-472.
839.
-845.
683.

-105.
39.
18.
6.

7.
17.
8.
-5.

252.
918.
4991.
1998.
1022.

356.
1354.
2990.
2731.
1071.

356.
1354.
2990.
2731.
1071.

-8.
582.
1383.
1399.
442.

364.
772.
1607.
1332.
629.

0.
0.
0.
0.
0.

0.
0.
0.
0.
0.

-104.
-436.
2001.
-733.
-49.

-90.
—665 •
1324.
-1139.
—356.

—36 .
192.
619.
338.
215.

22.
37.
58.
68.
92.

1920...|
1 9 2 1 . . . |.
1922...|
1923...|
1924...I
j
1925...|
1926...|
1927..* j
1928...|
1929...|
|

-684.
-6624.
949.
1165.
180.

-1938.
-4542.
517.
970.
680.

-1938.
-4542.
517.
970.
680.

-979.
-2004.
323.
405.
132.

-959.
-2538.
194.
565.
548.

0.
0.
0.
0.
0.

0.
0.
0.
0.
0.

1254.
-2082.
432.
195.
-500.

1197.
-1253.
463.
57.
-438.

-47.
-763.
-29.
55.
—66 •

104.
—66 •
-2.
83.
4.

1779.
-772.
-148.
577.
78.

796.
-463.
175.
258.
321.

796.
-463.
175.
258.
321.

664.
207.
-75.
427.
147.

132.
—670.
250.
-169.
174.

0.
0.
0.
0.
0.

0.
0.
0.
0.
0.

983.
-309.
-323.
319.
-243.

848.
-358.
-182.
315.
-262.

121.
48.
-150.
-1.
-11.

14.
1.
9.
5.
30.

1930a..1
1931...|
1932...|
1933...|
1934...|
j
1935...1
1936...|
1937... I
1938...|
1939...|
j
1940...|
1941...|
1942...|
1943...|
1944...|
1

-2613.
-2322.
—2366.
398.
725.

-2257.
-2674.
-1633.
715.
1340.

-2257.
-2674.
-1633.
584.
1025.

-995.
-1346.
-1089.
94.
490.

-1262.
-1328.
-544.
490.
535.

0.
0.
0.
131.
315.

0.
0.
0.
0.
0.

-356.
352.
-733.
-317.
-615.

-147.
729.
-350.
-304.
-736.

-161.
-287.
-272.
37.
95.

2756.
-444.
2233.
-1902.
399.

890.
976.
531.
-1031.
466.

763.
1271.
473.
-1141.
149.

807.
599.
198.
-417.
13.

-44.
672.
275.
-724.
136.

127.
-295.
58.
110.
317.

0.
0.
0.
0.
0.

1866.
-1420.
1702.
-871.
—67 •

1628.
-1504.
1622.
—684.
-37.

195.
74.
40.
-199.
—26 •

43.
10.
40.
12.
-4.

660.
2931.
5622.
3451.
694.

470.
2550.
4560.
4050.
1047.

510.
2729.
4454.
4055.
916.

377.
1579.
2547.
2454.
-142.

133.
1150.
1907.
1601.
1058.

-40.
-179.
106.
-5.
131.

0.
0.
0.
0.
0.

190.
381.
1062.
-599.
-353.

186.
139.
679.
-1152.
-357.

1.
219.
329.
495.
-72.

3.
23.
54.
58.
76.

1
1
1
1
1

9
9
9
9
9

15...
16...
17...
18...
19...

|
|
|
|
|

i




-48.
-90.
-111.
—50 .
26.

TABLE

921.2

GROSS FARM INCOME
CHANGE FROM P R E V I O U S YEAR I N M I L L I O N S OF DOLLARS
U N R E A L I Z E D AND NONMONEY

CASH R E C E I P T S
YEAR

1945...1
1946#..1
1947...1
1948...1
1949...|
1
1950. .. 1
1951... 1
1952...1
1953...1
1954... I
1
1955...I
1956... 1
1957... I
1958. .. 1
1959...|
1
1960*..I
1961...1
1962...1
1963...1
1964...I
1
1965 > • * I
1966.,.I
19 6 7 . . . 1
1968...1
1969...I
1
1970...I
1971...1
1972...1
1973...I
1974...!
1
1975...I
1976...1

TOTAL

TOTAL

LIVESTOCK

CROPS-

OTHER
FARM

TOTAL

INCOME

| N E T CHANGE I
HOME
I
RENTAL
1
IN
| C O N S U M P T I O N | VALUE OF
I INVENTORY t
I DWELLINGS

470.
1361.
2077.
5.
-702.

-34.
30.
-458.
-57.
-72.

0.
0.
0.
0.
0.

243.
1025.
-1542.
3518.
-3198.

-29.
468.
-1789.
3492.
-2598.

175.
306.
103.
—32 *
-503.

97.
251.
144.
58.
-97.

-40.
883.
1051.

20.
22.
28.
14.
17.

1567.
757.
-218.
-1729.
842.

1678.
372.
-262.
-1545.
1114.

—167 .
241.
-84.
-213.
-218.

56.
144.

-522.

98.
3.
-11.
—62 .
44.

29.
-54.

-309.
396.
1013.
1851.
-323.

—33 .
515.
-1700.
1891.
514.

—28.
325.
462.
73.
-407.

22.
18.
28.
53.
5.

-357.
-771.
1026.
302.
-857.

-276.
-671.
1074.
207.
-811.

-111.
—93 .
-101.
21.
—216 .

30.
-7.
53.
74.
170.

85.
525.
644.

516.
391.

20.
791.
254.
-51.
485.

17.
-1.
14.
28.
51.

366.
-53.
224.
39.
-1449.

383.
—61.
284.
9.
-1446.

-84.
-96.
—116 .
-72.
—86.

67.
104.
56.

910.

282.
814.
-198.
383.
332.

51.
29.
68.
37.
38.

1873.
-994.
800.
-459.
195.

1859.
-1125.
740.
-533.
-25.

-24.
13.
-88.
-17.
12.

208.

-4577.

1370.
1300.
3244.
15612.
9958.

-77.
-572.
816.
-1354.
—2076.

—16.
98.
22.
150.
176.

-100.
1579.
-189.
3257.
-4052.

-93.
1391.
-536.
2545.
-5017.

20.
-19.
99.
273.
191.

-27.
207.
248.
439.
774.

1665.
3365.

—6037.
2884.

276.
-73.

244.
129.

5628.
-4672.

5059.
-5342.

-25.
72.

594.
598.

657.
1778 .
2741.

1336.
4194.
2818.
4068.
-5692.

1093.
3169.
4360.
550.
-2494 .

1127.
3139.
4818.
607.
-24 22.

-1720.

2341.
5179.
-531.
-3304.
-266.

774.
4422.
-313.
-1575.
-1108.

656.
4397.
-330.
-1527.
-1169.

696.
3514.
-1381.
-1315.
—647 .

-705.
483.
829.
4170.
—1068.

-348.
1254.
-197.
3868.
-211.

-342.
911.
-687.
3742.
191.

1004.
1653,
1796 a
1025.
-1064.

638.
1706.
1572.
986.
385.

601.
916.
1304.
1009.
-151.

4245.
3919.
52.
1327.
4561.

2372.
4913.
-748.
1786.
4366.

2039.
4070.
—618 •
1366.
3996.

1938.
3140.
-643.
1104.
3086.

2167.
3425.
8980.
27931.
-571.

2267.
1846.
9169.
24674.
3481.

2360.
2320.
8331.
25878.
5381.

990.

1776.
1633.

-3852.
6305.

-4372.
6249.




I GOVERNMENT|
.1 PAYMENTS I

MARKETINGS

TOTAL

INCOME

602.

-212.

660.

-111.

1120.

-99.

-52.

1020.
5087.

10266.

101.
930.
25.

262.

128.

102.
83.
38.

118.
148.
91.

JL.~

113

TABLE

114

921.3
PERCENTAGE

1
1
YEAR

|

1
1
1
1
1
1
1

9
9
9
9

.
.
.
.

|
|
|
|

1
1
1
1
1

9 1 5 . . .
9 1 6 . . .
9 1 7 . . .
9 1 8 . . .
919...

|
|
|
|

1
1
1
1
1

9
9
9
9
9

2
2
2
2
2

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

1
1
1
1
1

9
9
9
9
9

2
2
2
2
2

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

1
1
1
1
1

9
9
9
9
9

3
3
3
3
3

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

1 9
1 9
1 9
1 9
1 9

1
1
1
1

3
3
3
3
3

1
2
3
4

5
6
7
8
9

.
.
.
.

.
.
.
.
.

.
.
.
.

.
.
.
.
.

.
.
.
.
.

1

|

|
|
|
|
|

9
9
9
9
9

4
4
4
4
4

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

TOTAL

- 1 0 . 0
19.1
- 7 . 1
6.3
3.1
10.9
53.6
14.0
6.3

- 3 .
7.
3.
- 3 .

4
6
8
2

0
8
5
6
5

-13.3
-36.0
6 .4
11.3
7.1

-13.3
-36 .0
6 .4
11.3
7.1

14.5
- 5 . 5
- 1 . 1
4 . 4
0.6

7.8
-4.2
1.7
2.4
2.9

7.8
- 4 . 2
1.7
2.4
2.9

- 1 8 . 9
- 2 0 . 7
-26 .6
6.1
10.5

-20.0
-29.5
-25.6
15.1
24.5

-20.0
-29.5
- 2 5 . 6
12.3
19.2

36.1
- 4 . 3
22.4
- 1 5 . 6
3.9

13.1
12.7
6.1
-11.2
5.7

12.0
17.9
5.6
-12.9
1.9

6.2
25.8
39.4
17.3
3 . 0

5.4
28.0
39.1
25.0
5.2

6.
32.
40.
26.
4.

- 4 .
-39.
9.
10.
1.

1

1

4
6
8
2

TOTAL




5
6
1
1
7

..LIVESTOCK
- 6 .
8.
8.
- 0 .

UNREALIZED
1 GOVERNMENT!
| PAYMENTS |

CROPS

I

1

OTHER
FARM
INCOME

0
7
5
8

- 0 . 8
6.5
—0.6
- 5 . 8

*****
*****
*****
*****

*
*
*
*

*
*
*
*

- 0 . 3
18.6
37.3
27.5
6.8

12.6
23.7
39.8
23.6
9 . 0

*****
*****
*****

*
*
*
*
*

-14
-33
8
9
2

.
.
.
.
.

1
6
2
5
8

13.8
3.8
- 1 . 3
7.6
2.4
-16.
- 2 5 .
- 2 8 .
3.
17.

1
9
4
4
2

YEAR

RECEIPTS

MARKETINGS

5.9
21.2
38.6
25.4
8.0

I

1

- 3 .
7.
3.
-3.

1
1
1

5.9
21.2
38.6
25.4
8.0

1

1
1
1
1
1
1

CASH
TOTAL

G R O S S FARM INCOME
CHANGE FROM P R E V I O U S

*****
*****

***
***
***
***

1

RENTAL

vunounr i xuim j valuc u r
1 n u c i i i k./~r
1wnLLLinva

-6.3
3.3
1.5
0.5

1.6
3.9
1.8
- 1 . 1

****
****
****
****
****

- 5 . 0
-21.9
128.4
—20.6
- 1 . 7

*****
*****
*****
*****

-2.9
16.1
44.7
16.9
9.2

4.8
7.8
11.3
11.9
14.4

45.1
-51.6
22.2
8.2
-19.4

*****
*****
*****

—1.8
-30.4
- 1 . 7
3.2
-3.7

14.2
- 7 . 9
—0 . 3
10.8
0.5

7.1
2.6

1.6
0.1
1.0
0.6
3.4

*****
*****
*****
*****

2 . 4
- 1 2 . 1
5.1
- 3 . 3
3.5

*****
*****
*****
*****

*****
*****
*****

*****

- 2 9
66
-36
48

.
.
.
.

*****

*****
*****
*****
*****
*****
*****

*****
*****

47.3
-10.1
-11.7
13.1
- 8 . 8

*****

*****
*****
*****
*****
*****

-14.2
16.4
-29.3
-17.9
-42.4

*****
*****
*****
*****
*****

- 9 . 4
—18 . 5
-21.5
3.7
9.2

- 5 . 3
-10.4
-14.3
—7 • 5
4.2

223.5
-52.6
132.9
-29.2
- 3 . 2

*****
*****
*****
*****
*****

17.3
5.6
2.9
-13.9
—2.1

6.7
1.5
5.8
1.6
- 0 . 5

9.3
17.0
40.6
-16.3
-11.5

*****
*****
*****
*****
*****

0.1
18.1
23.0
28.2
-3.2

0.4
3.1
7.0
7.1
8.6

-24. 6
- 3 4 . 3
—21.4
24.5
21.5

*****
*****
*****
*****

24.2
14.5
4.2
- 8 . 4
0.3

- 1 .
22.
7.
- 1 8 .
4 .

5
6
5
5
2

28.5
-51.5
20.9
32.7
71.1

*****
*****
*****
*****
*****

8.3
32.1
39.2
27.1
-1.2

4 .
33.
41.
24.
13.

0
2
3
5
0

- 5 . 2
-24.8
19.5
-0.8
20.3

*****
*****
*****
*****
*****

240.5

HOME

INCOME

*****
*****
*****
*****

*****
*****
*****
*****
*****

*****

(NET CHANGE|
IN
|
1
1 INVENTORY1

NONMONEY

9
8
7
3

6
2
7
1
3

- 1 2 .
- 3 8 .
4 .
13.
11.

TOTAL

AND

-8.0
- 0 . 1
—0 . 6

TABLE

921.3
PERCENTAGE

YEAR

1945..
1946 . .
1947..
1948..
1949..

I
I
|
I
I

. I
. 1
.I
.1
.1
1
1950...1
1951...1
1952...1
1953...1
1954...|
1
1955...1
1956...1
1957...|
1958...1
1959...1
1
1 9 6 0 . «• . 1
1961...I
1962...I
1963...!
1964...1
1
1965...I
1966...!
1967...1
1968...!
1969...!
i
1970...1
1971...1
1972...I
1973...1
1974...1
I
1975...1
1976...I

CASH

TOTAL

I

J

TOTAL.

LIVESTOCK

U N R E A L I Z E D AND
I GOVERNMENT!
I PAYMENTS I

CROPS

J

*****

-18.4

4.0
- 6 . 4

53.0

*****

-3.8
-22.5
20.7

66.7

56.5
17.4
-4.3
-35.4
26.7

*****
*****
*****
*****
*****

-7.5
11.7
-3.6
-9.6
-10.9

-8.9

*****
*****
*****
*****
*****

-5.5
—6 . 4
1.4
-14.4

2.8
15.4
-0.9
-4.8
—3.5

2.4
15.4
-1.0
—4.7
-3.8

4.
21.
-7.
-7.
-3.

5
8
0
2
8

-0.3
7.1
7.9
-1.5
-3.7

- 2 . 1
1.4
2.4
12.0
-2.7

-1.2
4.2
-0.6
12.5
-0.6

-1.1
3.1
-2.3
12.6
0.6

-1.9
2.5
6.2
10.7
-1.7

-0.2

6
3
4
4
5

1.8
4.8
4.3
2.6
1.0

1.8
2.7
3.7
2.8
-0.4

0.4
2.8
3.3
—0.6
-0.5

10.0
8.4
0.1
2 .6
8.8

6.0
11.6
-1.6
3.9
9.1

5.5
10.3
-1.4
3.2
9.0

9.7
14.3
—2.6
4.5
12.1

3.8
5.8
14.5
39.4
—0 . 6

4.3
3.4
16.2
37.5
3.8

4.9
4.6
15.8
42 .3
6.2

3.5
3.5
16.6
28.8
-10.0

1.8
1.6

-4.1
7.0

-4.7
7.1

4.0
7.8




4.2
6.9
-0.3

0.6

-18.2

1.1

-10.9
141.9
83.4
7.2
-37.4
2.9
112.7
17.0
-2.9

28.6

110.0

20.0
20.2
21.8
14.6
19.9
31.4
2.3
7.5
- 0 . 4
5.8
10.9
17.9

0.1

—6.0

1.4
4.9

12.4
9.6

15.2
7.5
16.3
7.6
7.3

-2.0

-2.9

5.3

7.0

6.2

14.6

61.2
24.2

-11.8
6.4

10.2

-28.0

7.6
15.6
- 1 . 4
-8.8
—0 . 8

2.6

8.0

-1.2

-5.4

3.5

(DWELLINGS
23.9

- 4 . 4
4.0
-59.3

.
.
.
.
.

I

RENTAL
VALUE OF

13.0
3.9

5.1
14.1
18.9

15.3
3.6

| N E T CHANGE I
HOME
I
|
IN
|CONSUMPTION!
INVENTORY!
*****
*****
*****
*****

5.8
14.8
19.9
3.6
-10.0

-12.1

INCOME

8.9
34.5
-38.6
143.5
-53.6

5.5
14.5
19.4
2.0
—8 . 0

3.8

TOTAL

NONMONEY

*****
*****
*****
*****
*****

5.1
14.1
17.0
1.8
-8.2

0.0

OTHER
FARM

L INCOME

5.6
16.5
9.5
12.6
-15.6

2
4
4
2
-2

YEAR

RECEIPTS

MARKETINGS

TOTAL

G R O S S FARM INCOME
CHANGE FROM P R E V I O U S

12.9
33.0

18.0

-21.2
35.8
7.8
-20.4

11.0
- 1 . 4

6.1
1.0

-37.1
76.1
-22.9
24.0

-2.6

-11.1
5.3

4
9
2
6

22.6
21.6

41.8
-3.5
63.0
-48.1

52.0
- 9 . 0

24.7
10.5

-46.7

-15.
25.
-34.
-79.

3.4

128.8

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****

-6.2

-6.5

-8.0
-10.5
-7.3
-9.3

11.1

4.0
9.8

8.0

1.7
-3.1

1.8
- 0 .
3.
4.
9.

4
1
1
1

3
5
2
4
3

3
0
5
5
5

.
.
.
.
.

-2.9

1.6

-10.7
-2.3
1.7

4.8
5.7
3.3
7.3

1.6

*****
*****
*****

2.7
-2.5
13.5
32.9
17.3

-0.9
6.9
7.7

*****
*****

-1.9
5.7

12.7
11.3

*****
*****

12.6
19.8

115

116

TABLE 9 2 1 . 4
GROSS FARM INCOME
PERCENTAGE OF TOTAL
CASH R E C E I P T S
YEAR

TOTAL
TOTAL

_L
I
1910...|
1911...|
1912...|
1913...|
1914...|
I
1915...|
1916...|
1917...1
1918...|
1919...|
I
1920...|
1921...|
1922...|
1923... |
1924...|
I
1925...|
1926...|
1927...|
1928...|
1929...|
I
1930...|
1931...|
1932...|
1933...|
1934... |
1
1
1
1
1

9
9
9
9
9

3
3
3
3
3

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

1940...|
1941...|
1942...|
1943...|
1944...|

1
1
!

MARKETINGS
TOTAL

LIVESTOCK

CROPS

1 GOVERNMENT!
1 PAYMENTS I
1
1

OTHER
FARM
INCOME

TOTAL

INCOME

I N E T CHANGE|
HOME
!
RENTAL
1
IN
(CONSUMPTION! VALUE OF
1 INVENTORY 1
t n u c i i TMr.c

100.0
100.0
100.0
100.0
100.0

75.2
80.7
72.9
81.5
74.2

75.2
80.7
72.9
81.5
74.2

37.1
38.7
35.3
41.3
38.6

38.1
42.0
37.6
40.2
35.6

0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0

24.8
19.3
27.1
18.5
25.8

2.8
-3.8
7.0
-3.5
5.1

16.5
16.8
14.6
16.0
15.1

5.6
6.3
5.5
6.0
5.6

100.0
100.0
100.0
100.0
100.0

76.2
83.2
75.1
82.7
84.0

76.2
83.2
75.1
82.7
84.0

37.3
39.9
35.6
39.8
40.0

38.9
43.4
39.5
42.8
43.9

0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0

23.8
16.8
24.9
17.3
16.0

3.9
—3.6
6.9
-0.9
-2.9

14.2
14.9
14.0
14.4
14.8

5.7
5.5
4.0
3.9
4.2

100.0
100.0
100.0
100.0
100.0

75.8
80.5
78.3
78.7
83.1

75.8
80.5
78.3
78.7
83.1

35.8
39.5
39.0
38.6
39.1

39.9
41.0
39.2
40.1
44.0

0.0
0.0
0.0
0.0
0.0

0
0
0
0
0

.0
.0
.0
.0
.0

24.2
19.5
21.7
21.3
16.9

-

4.1
5.6
0.9
0.4
3.9

15.1
17.4
15.7
14.6
13.9

5.0
7.7
7.0
7.0
6.9

100.0
100.0
100.0
100.0
100.0

78.3
79.3
81.6
80.0
81.9

78.3
79.3
81.6
80.0
81.9

38.9
42.7
42.6
43.9
44.7

39.4
36.6
38.9
36.1
37.1

0.0
0.0
0.0
0.0
0.0

0.0
0.0
0.0
0.0
0.0

21.7
20.7
18.4
20.0
18.1

2.6
0.1
-1.3
1.0
-0.9

13.0
14.1
13.1
12.5
12.4

6.2
6.5
6.7
6.4
6.6

100.0
100.0
100.0
100.0
100.0

80.8
71.9
72.9
79.0
89.1

80.8
71.9
72.9
77.1
83.2

46.3
43.2
42.2
41.2
43.7

34.5
28.6
30.6
36.0
39.6

0.0
0.0
0.0
1.9
5.8

0.0
0.0
0.0
0.0
0.0

19.2
28.1
27.1
21.0
10.9

—2.4
5.2
1.7
—2.8
-12.2

13.9
14.2
15.2
14.9
14.7

7.7
8.7
10.2
8.9
8.4

100.0
100.0
100.0
100.0
100.0

74.0
87.1
75.5
79.5
80.9

68.5
84.3
72.8
75.1
73.7

39.9
47.7
40.5
44.0
42.5

28.6
36.7
32.2
31.1
31.2

5.5
2.8
2.8
4.3
7.1

0.0
0.0
0.0
0.0
0.0

26.0
12.9
24.5
20.5
19.1

6.7
-8.1
6.7
1.3
0.9

12.7
14.0
11.8
12.0
11.3

6.6
7.0
6.0
7.2
6.9

100.0
100.0
100.0
100.0
100.0

80.3
81.7
81.5
86.8
88.7

73.9
77.9
78.2
84.0
85.4

43.3
45.5
45.4
49.2
47.2

30.6
32.4
32.8
34.8
38.2

6.4
3.8
3.3
2.8
3.2

0.0
0.0
0.0
0.0
0.0

19.7
18.3
18.5
13.2
11.3

2.5
2.9
5.5
-0.2
-1.7

10.7
10.0
8.8
9.7
9.1

6.6
5.4
4.1
3.8
4.0

I

I

L_

UNREALIZED AND NONMONEY




TABLE

921.4

GROSS FARM INCOME
PERCENTAGE OF TOTAL

1
1
|
|

YEAR

TOTAL
TOTAL

|

1
1945...|
1946...1
1947...I
1948...|
1949...|

965...1
966...|
967...j
968...1
969...|

1
1
1
1
1

9
9
9
9
9

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.|
.|
.|
.|
.|

4.1
4.4
4.5
4.1
4 .6

13.1
13.3
12.9
9.1
11.7

2.5
3.1
2.4
-1.8
1.4

6.2
6.0
5.9
5.8
5.2

4.4
4.2
4.6
5.1
5 .0

|
I
I
|
1
j

10.9
8.4
11.2
10.8
8.8

0.6
-1.3
1.8
2.1
0.0

5.0
4.7
4.3
3.9
3.4

5.2
5.1
5.1
4.8
5.4

6
6
6
7
8

|
I
I
|
I
j

9.5
9.0
9.1
9.0
5.8

1.0
0.8
1.5
1.5
-1.9

3.1
2 .7
2.3
2.1
2 .0

5.4
5.4
5.3
5.4
5.8

5.3
6.5
6.1
6.7
6.7

0.8
0.8
1.0
1.0
1.0

I
|
I
I
(
|

9.3
6.6
8.2
7.1
6.9

2.2
-0.2
1.3
0.2
0.2

1.7
1 .6
1.5
1.4
1 .3

5.3
5 .1
5.4
5.5
5.4

35.8
35.9
36.0
41.6
52.0

6.3
5.1
5.6
2.6
0.5

0.9
1.0
0.9
0.8
1.0

|
1
|
|
1
|

6 .4
8.6
7.3
8.5
4.4

0.0
2.3
1.2
3.4
—1.6

1.3
1.2
1.2
1.1
1 .3

5.2
5 .2
4.9
4.0
4.8

45.0
47.1

0.8
0.7

1.2
1.3

|
I
1

10.0
5.2

3.4
-1.9

1.3
1.3

5.3
5.8

100.0
100.0
100.0
100.0
100.0

86.9
86.7
87.1
90.9
88.3

86.0
85.8
86.2
90.0
87.3

48.7
51.2
48.3
49.1
47.6

3
3
3
4
3

7.3
4.6
7.9
0.9
9.7

0.9
0.7
0.7
0.6
0.8

0.1
0.1
0.2
0.2
0.3

100.0
100.0
100.0
100.0
100.0

89.1
91.6
88.8
89.2
91.2

88.1
89.5
85.4
85.9
88.8

47.7
48.2
49.9
49.4
49.9

40.4
41.3
35.5
36.5
38.9

0.7
1.6
2.9
2.8
1.8

0.4
0.4
0.5
0.6
0.6

100.0
100.0
100.0
100.0
100.0

90.5
91.0
90.9
91.0
94.2

88.1
86.7
86.1
86.4
88.2

48.8
48.1
47.6
46.2
47.2

39.2
38.6
38.5
40.2
41.1

1.8
3.7
4.1
3.9
5.2

0
0
0
0
0

100.0
100.0
100.0
100.0
100.0

90.7
93.4
91.8
92.9
93.1

84.6
86.1
84.8
85.2
85.4

47.0
49.6
48.3
49.2
50.7

37.5
36.5
36.5
36.1
34.8

100.0
100.0
100.0
100.0
100.0

93.6
91.4
92.7
91.5
95.6

86.3
85.3
86.2
88.0
94.0

50.5
49.3
50.3
46.4
42.1

100.0
100.0

90.0
94.8

88.0
92.7

43.0
45.6




1
RENTAL
HOME
( N E T CHANGE|
|
IN
| C O N S U M P T I O N ! VALUE OF
1 DWELLINGS.
1 INVENT0RY1
9.3
9.0
8 .5
7 .5
7 .2

0
0
0
0
0

1

TOTAL

-1.7
0.1
-5 .4
4.8
-2.8

2.9
2.6
1.0
0.7
0.6

1
1975...|
1976...|

1
1
1
1
I
I
I
1
I
1
I
I
I
|
1
|

INCOME

11.7
13.5
7.6
16.4
9.0

38.1
37.3
40.4
35.9
40.3

1
7
7
7
7
7

CROPS

47.3
46.6
51.0
47.0
50.1

1
1
1
1
1
1

LIVESTOCK

85.4
83.9
91.5
82.9
90.4

1
1960...|
1961...1
1962...I
1963...|
1964...I

TOTAL

OTHER
|GOVERNMENT|
FARM
I PAYMENTS I
1
1 .. INCOME

88.3
86.5
92.4
83.6
91.0

1
1955...|
1956...I
1957...I
1958...I
1959...|

MARKETINGS

100.0
100.0
100.0
100.0
100.0
1

1950...I
1951...|
1952...|
1953...|
1954...|

I
1
1

U N R E A L I Z E D AND NONMONEY

1

CASH R E C E I P T S

.
.
.
.
.

.
.
.
.
.

0
0
0
0
0

117

TABLE

118

931.1
FARM PRODUCTION E X P E N S E S
AMOUNTS I N M I L L I O N S OF DOLLARS
1
1
|
1
1
1
1

YEAR

1
1
1
1
1

9
9
9
9
9

1
1
1
1
1

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

1
1
1
1
1

9
9
9
9
9

1
1
1
1
1

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

19
19
19
19
19

2
2
2
2
2

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

1
1
1
1
1

9
9
9
9
9

2
2
2
2
2

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

1
1
1
1
1

9
9
9
9
9

3
3
3
3
3

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

1
1
1
1
1

9
9
9
9
9

3
3
3
3
3

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

1940
1941
1942
1943
1944

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

j

j

j

j

|

j

CURRENT OPERATING
TOTAL
TOTAL

EXPENSES

ITEMS WITH
FARM O R I G I N
(LIVESTOCK,
FEED. SEED)

ITEMS
WITH
NONFARM
ORIGIN

HIRED
LABOR

OTHER PRODUCTION
I N T E R E S T ON
NON-REALESTATE

DEBT

TOTAL

—

EXPENSES

CAPITAL
CONSUMPTION
ALLOWANCES

PROPERTY
TAXES

—

INTEREST
ON
MORTGAGE

RENT

DEBT

3531.
3581.
3833.
3973.
4029.

2397.
2367.
2544.
2619.
2635.

681.
603.
710.
718.
691.

754.
794.
824.
856.
896.

755.
758.
789.
804.
804.

207.
212.
221.
241.
244.

1134.
1214.
1289.
1354.
1394.

416.
443.
469.
481.
482.

195.
215.
225.
257.
261.

203.
225.
252.
276.
296.

320.
331.
343.
340.
355.

4167.
4836.
6092.
7507.
8331.

2642.
3060.
3836.
4968.
5433.

680.
853.
1150.
1760.
1802.

898.
1032.
1244.
1521.
1706.

815.
904.
1127.
1337.
1515.

249.
271.
315.
350.
410.

1525.
1776.
2256.
2539.
2898.

524.
597.
714.
902.
1040.

284.
304.
339.
361.
454.

314.
341.
378.
417.
476.

403.
534.
825.
859.
928.

8837.
6638.
6614.
7054.
7447.

5992.
4056.
4049.
4412.
4745.

1854.
1035.
1104.
1234.
1549.

1821.
1353.
1356.
1506.
1543.

1790.
1170.
1127.
1251.
1248.

527.
498.
462.
421.
405.

2845.
2582.
2565.
2642.
2702.

1211.
1039.
934.
943.
952.

556.
586.
583.
590.
583.

574.
653.

504.
304.
368.
430.
520.

7347.
7372.
7462.
7757.
7664.

4804.
4864 .
4839.
5135.
5029.

1506.
1429.
1497.
1699.
1545.

1642.
1726.
1683.
1794.
1835.

1267.
1330.
1302.
1290.
1300.

389.
379.
357.
352.
349.

2543.
2508.
2623.
2622.
2635.

890.
900.
916.

6944.
5537.
4483.
4358.
4715.

4450.
3403.
2658.
2646.
2955.

1277.
818.
620.
686.
829.

1680.
1385.
1128.
1148.
1276.

1177.
914.
669.
617.
679.

316.

2494.
2134.
1825.
1712.
1760.

5116.
5642.
6178.
5920.
6266.

3275.
3727.
4209.
4001.
4345.

948.
1185.
1331.
1131.
1366.

1414.
1538.
1752.
1735.
1811.

775.
868.
988.
979.
988.

138.
136.
138.
156.

6858.
7781.
10040.
11608.
12333.

4869.
5517.
7077.
8472.
9136.

1712.
1927.
2803.
3449.
3679.

1942.
2125.
2433.
2801.
3078.

1029.
1249.
1631.
2027.
2202.

186.
216.
210.

1




286.

241.
195.
171.

180.

195.
177.

872.

589.
599.

680.
679.
647.

612.

636.
651.

598.
593.
590.
582.

470.
425.
520.
496.
486.

955.
856.
734.
644.
650.

648.
589.
510.
438.
424.

570.
553.
526.
472.
430.

321.
136.
55.
158.
256.

1841.
1915.
1969.
1919.
1921.

664 .
728.
796.
833.
781.

434.
440.
452.
448.
456.

396.
364.
341.
320.
305.

347.
383.
380.
318.
379.

1989.
2264.
2963.
3136.
3197.

797.
870.
1335.
1369.
1425.

451.
463.
466.
477.
499.

293.
284.
272.
246.
230.

448.
647.
890.
1044.
1043.

886.

620.

TABLE 9 3 1 . 1

FARM PRODUCTION E X P E N S E S
AMOUNTS I N M I L L I O N S OF DOLLARS
CURRENT OPERATING

1
YEAR

I
|

1
1
1
1
1945...I
1946...|
1947...I
1948...I
1949...|

TOTAL
TOTAL

950...I
951...|
952...|
953...I
954...|

1
I960...I
1961...I
1962...I
1963...1
1964... I
1
1965...I
1966...I
1967...|
1968...I
1969...|
1
1970...|
1971...|
1972...I
1973...|
1974...I
1
1975...|
1976...|
1

HIRED
LABOR

INTEREST 0 N |
NON-REAL- |
ESTATE
|
DEBT
1

1

OTHER PRODUCTION

TOTAL

CAPITAL
CONSUMPTION
ALLOWANCES

EXPENSES

PROPERTY
TAXES

INTEREST
ON
MORTGAGE

RENT

DEBT

|
|
|
|
|
|

3152.
3426.
3966.
4410.
4587.

1310.
1189.
1553.
2002.
2365.

557.
617.
733.
806.
872.

221.
219.
225.
232.
243.

1064.
1401.
1455.
1370.
1107.

334.
401.
452.
432.
420.

1
|
|
I
|
I

5081.
5789.
6098.
6073.
6195.

2665.
3147.
3326.
3454.
3581.

919.
983.
1033.
1060.
1084.

264.
291.
318.
345.
371.

1233.
1368.
1421.
1214.
1159.

2615.
2641.
2734.
2842.
2906.

442.
469.
499.
565.
650.

|
I
|
I
I
i

6300.
6452.
6666 .
6999.
7329.

3700.
3723.
3913.
4011.
4251.

1141.
1178.
1242.
1306.
1429.

402.
442.
482.
521.
572.

1057.
1109.
1029.
1161.
1077.

8400.
8591.
8882.
9156.
9471.

3062.
3192.
3299.
3400.
3483.

719.
741.
809.
905.
958.

|
I
1
|
|
|

7618.
8029.
8433.
8902.
9308.

4337.
4388.
4530.
4696.
4903.

1529.
1609.
1677.
1737.
1798.

628.
686.
759.
846.
952.

1124.
1346.
1467.
1623.
1655.

9306.
10705.
10891.
10864.
12196.

9766.
10371.
11186.
11454.
11617.

3604.
3683.
3723.
3920.
4152.

1028.
1142.
1271.
1318.
1434.

|
|
|
|
|
|

9946.
10607.
11110.
11969.
12716.

5111.
5384.
5781.
6200.
6574.

1874.
2002.
2122.
2298.
2456.

1075.
1198.
1325.
1472.
1625.

1686.
2023.
1882.
1999.
2061.

31172.
33162 .
35990.
45557.
50407.

13279.
14244.
16180.
22906.
21726.

11926.
12905.
13449.
15208.
19916.

4349.
4367.
4594.
5232.
6036.

1618.
1646.
1767.
2211.
2729.

|
|
|
I
|
j

13252.
14205.
16325.
20005.
21803.

6760.
7350.
7887.
8945.
10563.

2596.
2704.
2815.
2886.
3096.

1764.
1905.
2132.
2495.
3044.

2132.
2246.
3491.
5679.
5100.

51677.
56155.

19848.
22054.

22510.
23809.

6358.
6959.

2961.
3333.

I
|
1

24181.
25580.

12640.
13900.

3333.
3543.

3608.
4037.

4600.
4100.

9910.
11074.
13066.
14380.
13395.

4184.
4620.
5639.
6166.
5096.

3258.
3739.
4430.
4965.
5197.

2299.
2532.
2783.
2990.
2806.

169.
183.
214.
259.
296.

19455.
22348.
22790.
21467.
21808.

14374.
16559.
16692.
15394.
15613.

5805.
7132.
6843 .
5641.
5994.

5424.
6105.
6540.
6585.
6603.

2811.
2921.
2857.
2736.
2 596.

22171.
22705.
23703.
25790.
27177.

15871.
16253.
17037.
18791.
19848.

5985.
6023.
6479.
7751.
7928.

6829.
7120.
7325.
7633.
8364.

27376.
28590.
30279.
31598.
31812.

19758.
20561.
21846.
22696.
22504.

7577.
8037.
8856.
9235.
8592.

33650.
36508.
38181.
39525.
42115.

23704.
25901 .
27071 .
27556.
29399.

44424.
47367.
52315.
65562.
72210.
75858.
81735.

1
1955...|
1956...I
1957...|
1958...I
1959...|

ITEMS
WITH
NONFARM
ORIGIN

13062.
14500.
17032.
18790.
17982.

1
1
1
1
1
1

ITEMS WITH
FARM O R I G I N
(LIVESTOCK,
FEED. SEED)

1
I

EXPENSES

• R E N T " I S NET RENT P L U S GOVERNMENT PAYMENTS TO NONOPERATOR LANDLORDS (NONFARM LANDLORDS FROM 1 9 1 0 THROUGH 1 9 5 6 ) .
THE US DA S E R I E S
CALLED "NET RENT" I S GROSS CASH AND SHARE RENT L E S S LANDLORDS' I N T E R E S T , T A X E S , C A P I T A L CONSUMPTION ALLOWANCES, AND FARM OPERATING
EXPENSES.
THE USDA INCLUDES THESE LANDLORD E X P E N S E S I N THE R E S P E C T I V E S E R I E S SHOWN IN T H I S T A B L E .




119

120

TABLE 9 3 1 . 2
CHANGE
1
1
|
1
1
1
1

YEAR

1
1
1
1

911...|
912...|
913...|
914...1

1915...
1916...
1917...
1918...
1919..o

CURRENT O P E R A T I N G
TOTAL
TOTAL

ITEMS
WITH
NONFARM
ORIGIN

EXPENSES

HIRED
LABOR

1
1
INTEREST 0 N |
NON-REAL- |
ESTATE
|
DFBT
1

RENT

11.
12.
-3.
15.

5.
22.
44.
35.
60.

131.
251.
480.
283.
359.

42.
73.
117.
188.
138.

23.
20.
35.
22.
93.

18.
27.
37.
39.
59.

48.
131.
291.
34.
69.

275.
-620.
-43.
124.
-3.

117.
-29.
-36.
-41.
-16.

|
|
|
|
|

—53 •
-263.
-17.
77.
60.

171.
-172.
-105.
9.
9.

102.
30.
-3.
7.
-7.

98.
79.
27.
-1.
-32.

-424.
-200.
64.
62.
90.

99.
84.
-43 .
111.
41.

19.
63.
-28.
-12.
10.

-16.
-10.
-22.
-5.
-3.

|
I
|
|
I

-159.
-35.
115.
-1.
13.

-80 •
14.
4.
10.
16.

6.
10.
21.
16.
15.

—268.
-459.
-198.
66.
143.

-155.
-295.
-257.
20.
128.

-123.
-263.
-245.
-52.
62.

-33.
-30.
-45.
-46.
-24.

|
|
|
|
|

-141.
—360.
-309.
-113.
48.

39.
-99.
-122.
-90.
6.

-3.
-59.
-79.
-72.
-14.

-

1
1
2
5
4

2
7
7
4
2

.
.
.
.
.

-165.
-185.
-81.
103.
98.

320.
452.
482.
-208.
344.

119.
237.
146.
-200.
235.

138.
124.
214.
-17.
76.

96.
93.
120.
-9.
9.

-33.
-2.
2.
18.
24.

81.
74.
54.
-50.
2.

14.
64 *
68.
37.
-52.

10.
6 .
12.
-4.
8.

-

3
3
2
2
1

4
2
3
1
5

.
.
.
.
.

91.
36.
-3.
-62 .
61.

524.
648.
1560.
1395.
664 .

346.
215.
876.
646 .
230.

131.
183.
308.
368.
277.

41.
220.
382.
396.
175.

6.
30.
—6.
-15.
-18.

|
|
|
|
|
1
|
|
j
|
|
1

68.
275.
699.
173.
61.

16.
73.
465.
34.
56.

—5.
12.
3.
11.
22.

-12.
-9.
-12.
-26.
—16.

69.
199.
243.
154.
-1.

5.
9.
20.
3.

138.
669.
1256.
1415.
824.

7.
418.
776.
1132.
465.

-11.
173.
297.
610.
42.

2.
134.
212.
277.
185.

11.
89.
223.
210.
178.

506.
-2199.
-24.
440.
393.

559.
-1936.
-7.
363.
333.

52.
-819.
69.
130.
315.

115.
-468.
3.
150.
37.

-100.
25.
90.
295.
-93.

59.
60.
-25.
296.
-106 .

-43.
-77.
68.
202.
-154.

-720.
-1407.
-1054.
-125.
357.

-579.
-1047.
-745.
-12.
309.

401.
526.
536.
-258.
346.
592.
923.
2259.
1568.
725.




INTEREST
ON
MORTGAGE
DEBT
22.
27.
24.
20.

3.
31.
15.
0.

•

PROPERTY
TAXES

20.
10.
32.
4.

40.
30.
32.
40.

|
j

CAPITAL
CONSUMPTION
ALLOWANCES

27.
26.
12.
1.

-78.
107.
8.
-27.

|

TOTAL

EXPENSES

80.
75.
65.
40.

-30.
177.
75.
16.

|
|
|

OTHER PRODUCTION

1
|
|
|
|
1
I
|
|
|
|

50.
252.
140.
56.

|

1920...|
1921... 1
1922...|
1923...|
1924...1
j
1925... |
1926... |
1927... |
1928...|
1929...|
j
1930... |
1931... |
1932... |
1933...|
1934... |
j
1935... |
1936... |
1937... |
1938... |
1939... |
j
1940...|
1941... |
1942... |
1943... |
1944...I
1

ITEMS WITH
FARM O R I G I N
(LIVESTOCK,
FEED. SEED)

FARM PRODUCTION E X P E N S E S
FROM P R E V I O U S YEAR I N M I L L I O N S OF DOLLARS

-35.
—14.
-5.
-3.
-8.

-50.
-45.
95.
-24.
-10.

TABLE

931.2
CHANGE
CURRENT O P E R A T I N G

1
YEAR

1
1
1
i

TOTAL
TOTAL

1
1
1
1
1
1

9
9
9
9
9

4
4
4
4
4

5
6
7
8
9

..I
.. I
..1
..1
..1
1
1950...1
1951...1
1952...1
1953...1
1954...1
1
1955...1
1956. .. 1
1957...1
1958... 1
1959...1
1
1960...1
1961...1
1962...1
1963...1
1964...1
1
1965...1
1966...1
1967...1
1968...1
1969...I
1
1970...1
1971...I
1972...1
1973...1
1974...I
1
1975...1
1976...1
1

I T E M S WITH
FARM O R I G I N
(LIVESTOCK,
FFFD. SEED)

ITEMS
WITH
NONFARM
ORIGIN

FARM P R O D U C T I O N E X P E N S E S
FROM P R E V I O U S YEAR I N M I L L I O N S O F

DOLLARS
OTHER

EXPENSES
INTEREST 0 N |
NON-REAL- (
ESTATE
|
DEBT
1

HIRED
LABOR

TOTAL

PRODUCTION

CAPITAL
CONSUMPTION
ALLOWANCES

EXPENSES

PROPERTY
TAXES

INTEREST
ON
MORTGAGE

RENT

DEBT

729.
1438.
2532.
1758.
-808.

774.
1164.
1992.
1314.
-985.

505.
436.
1019.
527.
-1070.

180.
481.
691.
535.
232.

97.
233.
251.
207.
-184.

—8.
14.
31.
45.
37.

I
|
1
I
I

—45 .
274.
540.
444.
177.

-115.
-121.
364.
449.
363.

58.
60.
116.
73.
66.

-9.
-2.
6.
7.
11.

21.
337.
54.
—85 .
—263 .

1473.
2893.
442.
-1323.
341.

979.
2185.
133.
-1298.
219.

709.
1327.
-2 89.
-1202.
353.

227.
681.
435.
45.
18.

5.
110.
-64.
-121.
-140.

38.
67.
51.
-20.
-12.

1
|
I
I
I

494.
708.
309.
-25.
122.

300.
482.
179.
128.
127.

47.
64.
50.
27.
24.

21.
27.
27.
27.
26.

126.
135.
53.
-207.
-55.

363.
534.
998.
2087.
1387.

258.
382.
784.
1754.
1057.

-9.
38.
456.
1272.
177.

226.
291.
205.
308.
731.

19.
26.
93.
108.
64.

22.
27.
30.
66.
85.

I
I
1
1
1

105.
152.
214.
333.
330.

119.
23.
190.
98.
240.

57.
37.
64.
64.
123.

31.
40.
40.
39.
51.

-102.
52.
-80.
132.
-84.

199.
1214.
1689.
1319.
214.

-90.
803.
1285.
850.
-192.

-351.
460.
819.
379.
-643.

36.
191.
291.
274.
315.

156.
130.
107.
101.
83.

69.
22.
68.
96.
53.

|
1
I
|
1

289.
411.
404.
469.
406.

86.
51.
142.
166.
207.

100.
80.
68.
60.
61.

56.
58.
73.
87.
106.

47.
222.
121.
156.
32.

1838.
2858.
1673.
1344.
2590.

1200.
2197.
1170.
485.
1843.

714.
1399.
186.
-27.
1332.

295.
605.
815.
268.
163.

121.
79.
40.
197.
232.

70.
114.
129.
47.
116.

I
|
|
1
I

638.
661.
503.
859.
747.

208.
273.
397.
419.
374.

76.
128.
120.
176.
158.

123.
123.
127.
147.
153.

231.
137.
-141.
117.
62.

2309.
2943.
4948.
13247.
6648.

1773.
1990.
2828.
9567.
4850.

1083.
965.
1936.
67 2 6 .
-1180.

309.
979.
544.
1759.
4708.

197.
18.
227.
638.
804.

184.
28.
121.
444.
518.

1
1
1
1
1

536.
953.
2120.
3680.
1798.

186.
590.
537.
1058.
1618.

140.
108.
111.
71.
210.

139.
141.
227.
363.
549.

71.
114.
1245.
2188.
-579.

3648.
#877.

1270.
4478.

-1878.
2206.

2594.
1299.

322.
601.

232.
372.

1
1
L

2378.
1399.

2077.
1260.

237.
210.

564.
429.

—500 *
—500 .

.
.
.
.
.




*

121

TABLE

122

931.3
FARM PRODUCTION E X P E N S E S
PERCENTAGE CHANGE FROM P R E V I O U S YEAR
I
I
|
I

YEAR

CURRENT OPERATING
TOTAL
TOTAL

JL
1
1
1
1

9
9
9
9

1
1
1
1

1
2
3
4

.
.
.
.

.
.
.
.

FEEPt SEEPL

.|
.|
.|
.|

1915...|
1916...|
1917...|
1918...|
1919...|
I
1920...|
1921...|
1922...|
1923...|
1924...|
I
1925...|
1926...|
1927...|
1928...|
1929...|
I
1930... |
1931...|
1932...|
1933... |
1934...|
I
1935... |
1936...|
1937... |
1938... |
1939...|
I
1940...|
1941...|
1942...|
1943...|
1944...I

ITEMS WITH
FARM O R I G I N
(LIVESTOCK,

0.6

-3.8

3.4

0.3
15.8
25.4
29.5
9.4

-1 .6
25.4
34.8
53.0
2.4

10.3
-32.3

-0.2

2.9
-44.2
6.7

6.7
-25.7

9.0
7.5

0.2

-34.6
-3.7

25.5

2.5

-0.2

6.4
5.1
-2.5

1.5
5.0

—4.0

-2.1

—5.8
-1.4
-0.9

11.0

6.1
-24
-0
6
5

.9
.4
.7
.6

-1.3
0.3

1.2

4.0

1.2
1.2
-0.5

6.1

-11.5
17.7

1.1

11.8

- 2 .8
-5.1
4.8
13.5
-9.1

-1.2

-2.1

-9.4
-20.3
-19.0

-11.5
-23.5
-21.9
-0.5
11.7

-17.3
-35.9
-24.2

10.8

14.4
25.0
12.3
-15.0

-2.8

8.2

8.5
10.3
9.5
-4.2
5.8
9.4
13.5
29.0
15.6

6.2

13.8
12.9
-4.9

8.6

10.6

20.8

20.8

12.1

25.3

13.3
28.3
19.7
7.8

45.5
23.0
6.7

12.6

5.3
3.8
3.9
4.7

0.2
14.9
20.5
22.3

12.2

11.1

6.6

0.4
4.1
1.9

0.0
1.4
10.9
24.7

18.6

13.3

18.2
11.0

-0.9

2.3

0.8

-8.4
-17.6

-9.5
-22.3

-18.6

1.8
11.1

10.8

8.8

13.9

-26.8
-7.8

10.0

14.1

12.0

4.4

13.8
-0.9
0.9

7.2
9.4
14.5
15.1
9.9

4.1
21.4
30.6
24.3
8.6

-1.0

TOTAL

DEBT

-1.3
7.5
2.9

23.2




ORIGIN

HIRED
LABOR

OTHER PRODUCTION
I N T E R E S T ON
NON-REALESTATE

1.4
7.0
3.7
1.4

16.1
26.0

L_

ITEMS
WITH
NONFARM

EXPENSES

2.4
4.2
9.0

1.2

2.0
8.8
16.2

11.1
17.1
28.5
-5.5
-7.2
-8.9
-3.8

—2.6

-9
-9
-15
-19
-12

.
.
.
.
.

CAPITAL
CONSUMPTION
ALLOWANCES

PROPERTY
TAXES

6.2

6.5
5.9

5.0
3.0

2.6
0.2

9.4
16.5
27.0
12.5
14.1

8.7
13.9
19.6
26.3
15.3

-1.8

16.4
-14.2

-9.2
-0.7
3.0
2.3

-10.1

10.3
4.7
14.2

10.8
12.0

8.8

6.1
8.6

1.6

7.0
11.5
6.5
25.8
22.5
5.4
-0.5

10.9
10.3
14.1

20.6
13.8
4.1

RENT

-5.4
-2.3

-9.6
—9.6
22.4
-4.6

0.5

1.7
3.5

-0.8

0.5

1.8

2.4

-0.5
-1.4

4.3
-10.4
-14.3
-12.3
0.9

-0.5
-9.1
-13.4
-14.1
-3.2

-3.0
-4.9
-10.3
-8.9

2.6

4.6
4.0
2.8
-2.5
0.1

—6.2

3.3

3.5
13.8
30.9
5.8
1.9

2.0

-1.1

9.2
53.4
2.5
4.1

2.7

-6.2

2.8

2.2
9.6
9.3
4.6

2.4
1.4
2.7
-0.9

1.8

0.6
2.4
4.6

-45.7
-39.7

20.9

1.0

1.1

8.0

-4.7

-8.4

-0.0

13.5
32.5
54.5
4.1

21.1
16.8

-5.9
-1.4
4.6

1.6

3.4
3.6
-0.9
4.4

-0.1

-1.2

1.2

-19.3
-1.4
1.5
13.0
15.4

-7.1
-9.2

9.5
7.2

1.0
1.0

-5.4
-14.4
-14.5

-2.8

INTEREST
ON
MORTGAGE

DEBT
7.1

5
5
7
1
3

16.1

EXPENSES

-2.1

-7.9

-8.1
—6 . 3

-6.2
-4.7
-3.9
-3.1
-4.2
-9.6
-6.5

-2.0
-34.0
—57 . 6
-59.6
187.3

62.0

35.5
10.4

-0.8
-16.3
19.2

18.2
44.4
37.6
17.3

-0.1

TABLE 9 3 1 . 3

FARM PRODUCTION E X P E N S E S
PERCENTAGE CHANGE FROM P R E V I O U S YEAR

1
1
YEAR

I

|
|
|
1

1945...I
1946...1
1947...1
1948...I
1949...|

1
1950...1
1951...I
1952...I
1953...1
1954...I

1

1955...1
1956...1
1957...I
1958...j
1959...1

TOTAL
TOTAL

ITEMS
WITH
NONFARM
ORIGIN

HIRED
LABOR

ITEMS WITH
FARM ORIGIN
(LIVESTOCK,
FEED. SEED)

OTHER PRODUCTION
INTEREST 0 N |
NON-REAL- I
ESTATE
I
DEBT
1

INTEREST
ON
MORTGAGE

RENT

DEBT .
-3.9
-0.9
2 .7
3.1
4.7

2.0
31.7
3.9
—5 . 8
—19 . 2

10.8
13.9
5.3
-0.4
2.0

12.7
18.1
5.7
3.8
3.7

5.4
7.0
5.1
2.6
2.3

8.6
10.2
9.3
8.5
7.5

11.4
10.9
3.9
-14.6
- 4 .5

|
I
1

1.7
2.4
3.3
5.0
4.7

3.3
0.6
5.1
2.5
6.0

5.3
3.2
5.4
5.2
9.4

8.4
10.0
9.0
8.1
9.8

—8.8
4.9
—7 . 2
12.8
-7.2

10.6
3.1
9.2
11.9
5.9

|
1
1
I
|

3.9
5.4
5.0
5.6
4.6

2.0
1.2
3.2
3.7
4.4

7.0
5.2
4.2
3.6
3.5

9.8
9.2
10.6
11.5
12.5

4.4
19.8
9.0
10.6
2 .0

3.5
2.2
1.1
5.3
5.9

7.3
11.1
11.3
3.7
8.8

I

6
6
4
7
6

9
6
7
7
2

4.2
5.3
7.4
7.2
6.0

4.2
6.8
6.0
8.3
6.9

12.9
11 . 4
10.6
11 . 1
10.4

14.0
7 .3
-7.0
6.2
3.1

2.7
8.2
4.2
13.1
31.0

4.7
0.4
5.2
13.9
15.4

12.8
1.7
7.4
25.1
23.4

1

4.2
7.2
14.9
22.5
9.0

2.8
8.7
7.3
13.4
18.1

5.7
4.2
4.1
2.5
7.3

8.6
8.0
11.9
17.0
22.0

3.4
5.3
55.4
62.7
-10.2

13.0
5.8

5.3
9.5

8.5
12.6

10.9
5.8

19.7
10.0

7.7
6.3

18.5
11.9

-9.8
-10.9

4.4
10.1
9.9
7.4
-6.2

—4.5
8.3
16.9
21.0
14.3

I

8.2
14.9
2.0
-5.8
1 .6

7.3
15.2
0.8
-7.8
1.4

13.9
22.9
-4.1
-17.6
6.3

4.4
12.6
7.1
0.7
0.3

0.2
3.9
-2.2
-4.2
-5.1

12.8
20.1
12.7
-4.4
-2.8

1
1

1.7
2.4
4.4
8.8
5.4

1.7
2.4
4.8
10.3
5.6

-0.2
0.6
7.6
19.6
2.3

3.4
4.3
2.9
4.2
9.6

0.7
1.0
3.5
4.0
2.3

5.2
6.1
6.4
13.2
15.0

0.7
4.4
5.9
4.4
0.7

-0.5
4.1
6.2
3.9
-0.8

-4.4
6.1
10.2
4.3
-7.0

0.4
2.3
3.4
3.1
3.4

5.4
4.2
3.4
3.1
2.4

5 .8
8.5
4.6
3.5
6.6

5.3
9.3
4.5
1.8
6.7

8.3
15.0
1.7
-0.2
12.3

3.1
6.2
7.9
2.4
1.4

5.5
6.6
10.4
25.3
10.1

6.0
6.4
8.5
26.6
10.6

8.9
7.3
13.6
41.6
-5.2

5.1
7.7

2.5
8.7

-8.6
11.1




PROPERTY
TAXES

11.6
10.8
18.8
10.0
8.2

5.8
14.8
18.5
12.1
4.7

1

CAPITAL
CONSUMPTION
ALLOWANCES

-8.1
-9.2
30.6
28.9
18.1

13.7
10.4
22.1
9.3
-17.4

1

TOTAL

EXPENSES

-1.4
8.7
15.8
11.2
4.0

8.5
11.7
18.0
10.1
—6.8

1

1975...I
1976...1

EXPENSES

5.9
11.0
17.5
10.3
-4.3

I960...I
1961...I
1962...1
1963...1
1964...|
1
1965...I
1966...I
1967...I
1966...1
1969...I
1
1970...1
1971...1
1972...|
1973...1
1974...1

CURRENT OPERATING

|

I
I
I

1
|
|
1

1

1
1
I

1
1
|
I
I
I

1

.
.
.
.
.

.

123

TABLE

124

931.4
FARM PRODUCTION E X P E N S E S
PERCENTAGE OF TOTAL
1
1
|
1
1

YEAR

CURRENT OPERATING
TOTAL
TOTAL

.

1
1
1
1
1
1

9
9
9
9
9

1
1
1
1
1

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

ITEMS WITH
FARM O R I G I N
(LIVESTOCK,

FEED, SEED)

9
9
9
9
9

2
2
2
2
2

0
1
2
3
4

...|
...|
...|
...|
...|

192
192
192
192
192

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

I
1930...|
1931...|
1932...|
1933...|
1934...|
|
1935...|
1936...|
1937...|
1938...|
1939...|
|
1940...|
1941...|
1942...|
1943...|
1944...|

17.2
18.0
17.4
16.6
17.0

5.3
5.1
4.8
4.5
4.6

24.2
25.0
25.2
26.3
27.1

16.9
16.5
14.9
14.2
14.4

27.6
27.3
28.4
29.3
28.9

15.1
15.4
16.0
16.5
15.8

19.3
16.8
18.5
18.1
17.2

21.4
22.2
21.5
21.5
22.2

21.4
21.2
20.6
20.2
20.0

5.9
5.9
5.8
6.1
6.1

100.0
100.0
100.0
100.0
100.0

63.4
63.3
63.0
66.2
65.2

16.3
17.6
18.9
23.4
21.6

21.6
21.3
20.4
20.3
20.5

19.6
18.7
18.5
17.8
18.2

6.0
5.6
5.2
4.7
4.9

100.0
100.0
100.0
100.0
100.0

67.8
61.1
61.2
62.5
63.7

21.0
15.6
16.7
17.5
20.8

20.6
20.4
20.5
21.3
20.7

20.3
17.6
17.0
17.7
16.8

100.0
100.0
100.0
100.0
100.0

65.4
66.0
64.8
66.2
65.6

20.5
19.4
20.1
21.9
20.2

22.3
23.4
22.6
23.1
23.9

100.0
100.0
100.0
100.0
100.0

64.1
61.5
59.3
60.7
62.7

18.4
14.8
13.8
15.7
17.6

100.0
100.0
100.0
100.0
100.0

64.0
66.1
68.1
67.6
69.3

18.5
21.0
21.5
19.1
21.8

|
.
.
.
.
.

6.0
7.5
7.0
6.0
5.4

1
|
|
|
|
|
1
1
|
|
|
1
1
|
|
|
|
|

67.9
66.1
66.4
65.9
65.4

I
1
1
1
1
1

HIRED
LABOR

1
1
INTEREST 0 N |
NON-REAL- |
ESTATE
|
DEBT
1

100.0
100.0
100.0
100.0
100.0
I

1915...|
1916...|
1917...|
1918...|
1919...|

ITEMS
WITH
NONFARM
ORIGIN

EXPENSES

100.0
100.0
100.0
100.0
100.0

1




71.0
70.9
70.5
73.0
74.1

25.0
24.8
27.9
29.7
29.8

28.3
27.3
24.2
24.1
25.0

15.0
16.1
16.2
17.5
17.9

OTHER PRODUCTION

TOTAL

CAPITAL
CONSUMPTION
ALLOWANCES

EXPENSES

PROPERTY
TAXES

INTEREST
ON
MORTGAGE
ntRT

RENT

32.1
33.9
33.6
34.1
34.6

11.8
12.4
12.2
12.1
12.0

5.
6.
5.
6.6.5

5.7
6.3
6.6
6.9
7.3

9.1
9.2
8.9
8.6
8.8

36.6
36.7
37.0
33.8
34.8

12.6
12.3
11.7
12.0
12.5

6.8
6.3
5.6
4.8
5.4

7.5
7.1
6.2
5.6
5.7

9.7
11.0
13.5
11.4
11.1

32.2
38.9
38.8
37.5
36.3

13.7
15.7
14.1
13.4
12.8

6.3
8.8
8.8
8.4
7.8

6.5
9.8
10.3
9.6
8.7

5.7
4.6
5.6
6.1
7.0

|
|
1
|
|

34.6
34.0
35.2
33.8
34.4

11.9
12.0
11.9
11.6
12.0

8.0
8.1
8.3
8.2
8.5

8.3
8.1
7.9
7.6
7.6

6.4
5.8
7.0
6.4
6.3

4.6
5.2
5.4
4.5
3.6

1
|
|
|
|

35.
38.
40.
39.
37.

9
5
7
3
3

13.8
15.5
16.4
14.8
13.8

9.3
10.6
11.4
10.1
9.0

8.2
10.0
11.7
10.8
9.1

4.6
2.5
1.2
3.6
5.4

2.7
2.4
2.2
2.6
2.9

|
|
|

36.0
33.9
31.9
32.4
30.7

13.0
12.9
12.9
14.1
12.5

8.5
7.8
7.3
7.6
7.3

7.7
6.5
5.5
5.4
4.9

6.8
6.8
6.2
5.4
6.0

29.0
29.1
29.5
27.0
25.9

11.6
11.2
13.3
11.8
11.6

6.6
6.0
4.6
4.1
4.0

4.3
3.6
2.7
2.1
1.9

6.5
8.3
8.9
9.0
8.5

1

1
|

I
2.7
2.8
2.1
1.7
1.4

|
|
|
|
|

1

TABLE 9 3 1 , 4

YEAR

FARM PRODUCTION E X P E N S E S
PERCENTAGE OF TOTAL

I

TOTAL
TOTAL

CURRENT OPERATING

EXPENSES

ITEMS
WITH
NONFARM
ORIGIN

HIRED
LABOR

ITEMS WITH
FARM ORIGIN
(LIVESTOCK,

FEED, SEED)
1
1945...1
1946...1
1947...1
1948...1
1949...1
1
1950...1
1951...1
1952...|
1953...1
1954...1
1
1955... 1
1956... I
1957... 1
1958...I
1959...I
1
1960...1
1961... 1
1962... 1
1963...1
1964...1
1
1965...1
1966...1
1967...1
1968...1
1969...|
1
1970...1
1971...1
1972...1
1973...1
1974...1
1
1975...1
1976...1

OTHER PRODUCTION
I N T E R E S T ON
NON-REALESTATE

TOTAL

CAPITAL
CONSUMPTION
ALLOWANCES

EXPENSES

PROPERTY
TAXES

INTEREST
ON
MORTGAGE

RENT

DEBI

DEBT

100.0
100.0
100.0
100.0
100.0

75.9
76.4
76.7
76.5
74.5

32.0
31.9
33.1
32.8
28.3

24.9
25.8
26.0
26.4
28.9

17.6
17.5
16.3
15,9
15.6

1.3
1.3
1.3
1.4
1.6

24.1
23.6
23.3
23.5
25.5

10.0
6.2
9.1
10.7
13.2

4.3
4.3
4.3
4.3
4.8

1.7
1.5
1.3
1.2
1.4

8.1
9.7
8.5
7.3
6.2

100.0
100.0
100.0
100.0
100*0

73.9
74.1
73.2
71.7
71.6

29.8
31.9
30.0
26.3
27.5

27.9
27 .3
28.7
30.7
30.3

14.4
13.1
12.5
12.7
11.9

1.7
1.8
2.0
2.0
1.9

26.1
25.9
26.8
28.3
28.4

13.7
14.1
14.6
16.1
16.4

4.7
4.4
4.5
4.9
5.0

1.4
1.3
1.4
1.6
1.7

6.3
6.1
6.2
5.7
5.3

100.0
100.0
100.0
100.0
100.0

71.6
71.6
71.9
72.9
73.0

27.0
26.5
27.3
30.1
29.2

30.8
31.4
30.9
29.6
30.8

11.8
11.6
11.5
11.0
10.7

2.0
2.1
2.1
2.2
2.4

28.4
28.4
28.1
27.1
27.0

16.7
16.4
16.5
15.6
15.6

5.1
5.2
5.2
5.1
5.3

1.8
1.9
2.0
2.0
2.1

4.8
4.9
4.3
4.5
4.0

100.0
100.0
100.0
100.0
100.0

72.2
71.9
72.1
71.8
70.7

27.7
28.1
29.2
29.2
27.0

30.7
30.0
29.3
29.0
29.8

11.2
11.2
10.9
10.8
10.9

2.6
2.6
2.7
2.9
3.0

27.8
28.1
27.9
28.2
29.3

15.8
15.3
15.0
14.9
15.4

5.6
5.6
5.5
5.5
5.7

2.3
2.4
2.5
2.7
3.0

4.1
4.7
4.8
5.1
5.2

100.0
100.0
100.0
100.0
100.0

70.4
70.9
70.9
69.7
69.8

27.7
29.3
28.5
27.5
29.0

29.0
28.4
29.3
29.0
27.6

10.7
10.1
9.8
9.9
9.9

3.1
3.1
3.3
3.3
3.4

29.6
29.1
29.1
30.3
30.2

15.2
14.7
15.1
15.7
15.6

5.6
5.5
5.6
5.8
5.8

3.2
3.3
3.5
3.7
3.9

5.6
5.5
4.9
5.1
4.9

100.0
100.0
100.0
100.0
100.0

70.2
70.0
68.8
69.5
69.8

29.9
30.1
30.9
34.9
30.1

26.8
27.2
25.7
23.2
27.6

9.8
9.2
8.8
8.0
8.4

3.6
3.5
3.4
3.4
3.8

29.8
30.0
31.2
30.5
30.2

15.2
15.5
15.1
13.6
14.6

5.8
5.7
5.4
4.4
4.3

4.0
4.0
4.1
3.8
4.2

4.8
4.7
6.7
8.7
7.1

100.0
100.0

68.1
68.7

26.2
27.0

29.7
29.1

8.4
8.5

3.9
4.1

31.9
31.3

16.7
17.0

4.4
4.3

4.8
4.9

6.1
5.0




125

TABLE

126

941,1
CASH

FLOW AND NET INCOME
CURRENT DOLLARS
AMOUNTS I N M I L L I O N S OF D O L L A R S
I

CASH

YEAR
TOTAL

I
1910 • • • I
1911
1912 > • • j
1913 • • • |
1914

FLOW

I N ON FARM
I
INCOME
1
OF THE
1
FARM

|
|.
|
| TOTAL
J POPULATION!

******
******
******
******
******

1940.
1941.
1942.
1943.
1944.

FARM CASH
OPERATORS'
NET FARM
INCOMF

INCOME

CASH

FLOW

LANDLORDS*
N E T RENTAL
. . . . INCOME

FLOW

EXCLUDING UNREALIZED

AND

NONMONEY

FARM

INCOME

I NONFARM
I
INCOME

CAPITAL
CONSUMPTION

TOTAL

ALLOWANCE

I
FARM CASH FLOW
I.
|
OF THE
|
OPERATORS•
LANDLORDS'
I
FARM
| TOTAL
NET FARM
NET RENTAL
1 POPULATION I
IMCQtSf
INCOMF

CAPITAL
CONSUMPTION
Aunmwr.Ft

4158.
3342 .
4409.
3680.
4106.

320.
331.
343.
340.
355.

416.
443.
469.
481.
482.

******
******
******
******
******

******
******
******
******
******

2985.
2777.
2987.
3086.
2844.

2249.
2003.
2175.
2265.
2007.

320.
331.
343.
340.
355.

416.
443.
469.
481.
482.

...I
...I

******
******
******
******
******

5147.
5600.
9743.
10548.
10953.

4220.
4469.
8204.
87 8 7 .
8985.

403.
534.
825.
859.
928.

524.
597.
714.
902.
1040.

******
******
******
******
******

******
******
******
******
******

3152.
4041.
6183.
7721.
8175.

2225.
2910.
4644.
5960.
6207.

403.
534.
825.
859.
928.

524.
597.
714.
902.
1040.

9510.
4713.
5645.
6441.
6327.

7795.
3370.
4343.
5068.
4855.

504.
304.
368.
430.
520.

1211.

...I

******
******
******
******
******

1039.
934.
943.
952.

******
******
******
******
******

******
******
******
******
******

5478.
2763.
3263.
3864.
4250.

3763.
1420.
1961.
2491.
2778.

504.
304.
368.
430.
520.

1211.

******
******
******
******
******

******
******
******
******
******

8076.
7248.
7109.
7377.
7554.

6734.
5937.
5699.
5981.
6152.

470.
425.
520.
496.
486.

890.
900.
916.

******
******
******
******
******

******
******
******
******
******

5016.
4497.
4681.
4630.
5050.

3674.
3186.
3271.
3234.
3648.

470.
425.
520.
496.
486.

890.
900.
916.

******
******
******
******

******
******
******
******

6015.

2186.

5535.
4336.
2821.
3357.
3829.

4259 »
3344.
2032.
2555.
2923.

321.
136.
55.
158.
256.

955.
856.
734.
644.
650.

******
******
******
******

******
******
******
******

5180.

2186.

3387.
1836.
1054.
1907.
2994.

2111.
844.
265.
1105.
2088.

321.
136.
55.
158.
256.

955.
856.
734.
644.
650.

8596.
8059.
9929.
7987.
8184.

2307.
2640.
2 748.
2475.
2610.

6289.
5419.
7181.
5512.
5574.

5278.
4308.
6005.
4361.
4414.

347.
383.
380.
318.
379.

664.
728.
796.
833.
781.

5895.
6778.
6946.
5875.
6139.

2307.
2640.
2748.
2475.
2610.

3588.
4138.
4198.
3400.
3529.

2577.
3027.
3022.
2249.
2369.

347.
383.
380.
318.
379.

664.
728.
796.
833.
781.

8486.
11264.
16019.
18510.
18608.

2759.
3257.
3941.
4361.
4435.

5727.
8007.
12078.
14149.
14173.

4482.
6490.
9853.
11736.
11705.

797.
870.
1335.
1369.
1425.

6251.
8648.
12341.
15431.
15882.

2759.
3257.
3941.
4361.
4435.

3492.
5391.
8400.
11070.
11447.

2247.
3874.
6175.
8657.
8979.

448.
647.
890.
1044.
1043.

797.
870.
1335.
1369.
1425.

I
1 9 1 5 »• • I * * * * * *
******
1916
1 9 1 7 . »* • I * * * * * *
******
1918.
1 9 1 9 . »• • I * * * * * *
I
1920.• • • I ******
1921.> • • I ******
******
1922.
1923. . . I ******
******
1924. . . I

1935.
1936.
1937.
1938.
1939.

AND NONMONEY FARM

4894.
4116.
5221.
4501.
4943.

...!

1930.
1931.
1932.
1933.
1934.

UNREALIZED

******
******
******
******
******

...I

1925.
1926.
1927.
1928.
1929.

INCLUDING

I
..I
..I
..I
..I
..I
I
..I
..I
..I
..I
..I
I
..I
..I
..I
..I
• •I
I
..I
..I
.. I
..I
..I
_L_




4
6
8
10
10

48.
47.
90.
44.
43.

872.

886.

1039.
934.
943.
952.
872.

886.

TABLE

941,1

|

YEAR

CASH FLOW AND NET INCOME
CURRENT DOLLARS
AMOUNTS I N M I L L I O N S OF DOLLARS
CASH

I
I
I TOTAL

FLOW

I N C L U D I N G UNREALIZED

AND NONMONEY FARM INCOME

FARM CASH FLOW
|
1
LANDLORDS'
I
OPERATORS*
NET RENTAL
I TOTAL
NET FARM
INCOME
POPULATION I
INCOME

| NONFARM
|
INCOME
I
OF THE
1
FARM

1

1945...1 19091.
1946...1 22209.
1947...I 23659.
1948... 1 26851.
1949...1 22444.
1
1950...1 23809.
1951 . . . 1 2 6 9 6 0 .
1952...1 26434.
1953...1 24085.
1954...1 23047.
1
1955...1 22259.
1956...1 22670.
1957...1 22643.
1958...1 25021.
1959...I 23165.
1
I960... 1 24215.
19 6 1 . . . 1 2 5 3 2 8 .
1962...1 26403.
1963...1 27047.
1964...1 26793.
i
1965...1 30523.
19 6 6 . . . 1 3 2 5 7 2 .
1967...1 31739.
1968...1 33349.
1969...I 36857.
1
1970...1 37447.
1971...1 39503.
1972...1 47686.
1973...1 67517.
1974...I 63365.
1
1975...1 64274.
1976...1 62180.
_L

CAPITAL
CONSUMPTION

CASH FLOW EXCLUDING U N R E A L I Z E D AND NONMONEY FARM INCOME

TOTAL

ALLOWANCES

FARM CASH FLOW
I NONFARM
|
I
INCOME
I.
LANDLORDS 1
OPERATORS'
I
OF THE
I
NET
RENTAL
NET
FARM
I
FARM
I TOTAL
INCOME
INCOME
I POPULATION!

2365.

16122.
18215.
21207.
20881.
19672.

4405.
4551.
5297.
5815.
6192.

11717.
13664.
15910.
15066.
13480.

9343.
11074.
12902.
11694.
10008.

1064.
1401.
1455.
1370.
1107.

1310.
1189.
1553.
2002.
2365.

1233.
1368.
1421.
1214.
1159.

2665.
3147.
3326.
3454.
3581.

19470.
21864.
21556.
20936.
19056.

6263.
6511.
6726.
6437.
5934.

13207.
15353.
14830.
14499.
13122.

9309.
10838.
10083.
9831.
8382.

1233.
1368.
1421.
1214.
1159.

2665.
3147.
3326.
3454.
3581.

11305.
11254.
11085.
13168.
10713.

1057.
1109.
1029.

1077.

3700.
3723.
3913.
4011.
4251.

18625.
19807.
18754.
20830.
19831.

6197.
6584.
6616.
6681.
7124.

12428.
13223.
12138.
14149.
12707.

7671.
8391.
7196.
8977.
7379.

1057.
1109.
1029.
1161.
1077.

3700.
3723.
3913.
4011.
4251.

16979.
17691.
18061.
18089.
17050.

11518.
11957.
12064.
11770.
10492.

1124.
1346.
1467.
1623.
1655.

4337.
4388.
4530.
4696.
4903.

20515.
21681.
22532.
23137.
24332.

7236.
7637.
8342.
8958.
9743.

13279.
14044.
14190.
14179.
14589.

7818.
8310.
8193.
7860.
8031.

1124.
1346.
1467.
1623.
1655.

4337.
4388.
4530.
4696.
4903.

10627.
11205.
11737.
12828.
13929.

19896.
21367.
20002.
20521.
22928.

12899.
13960.
12339.
12322.
14293.

1886.
2023.
1882.
1999.
2061.

5111.
5384.
5781.

6574.

26189.
29232.
27599.
29668.
32981.

10627.
11205.
11737.
12828.
13929.

15562.
18027.
15862.
16840.
19052.

8565.
10620.
8199.
8641.
10417.

1886.
2023.
1882.
1999.
2061.

5111.
5384.
5781.
6200.
6574.

14404.
15274.
17643.
19544.
21572.

23043.
24229.
30043.
47973.
41793.

14151.
14633.
18665.
33349.
26130.

2132.
2246.
3491,
5679.
5100.

6760.
7350.
7887.
8945.
10563.

33671.
34148.
42520.
59094.
58994.

14404.
15274.
17643.
19544.
21572.

19267.
18874.
24877.
39550.
37422.

10375.
9278.
13499.
24926.
21759.

2132.
2246.
3491.
5679.
5100.

6760.
7350.
7887.
8945.
10563.

22776.
24166.

41498.
38014.

24258.
20014.

4600.
4100.

12640.
13906.

54275.
56853.

22776.
24166.

31499.
32687.

14259.
14687.

4600.
4100.

12640.
13900.

4405.
4551.
5297.
5815.
6192.

14686.
17658.
18362.
21036.
16252.

12312.
15068.
15354.
17664.
12780.

1064.
1401.
1455.
1370.
1107.

6263.
6511.
6726.
6437.
5934.

17546.
20449.
19708.
17648.
17113.

13648.
15934.
14961.
12980.
12373.

6197.
6584.
6616.
6681.
7124.

16062.
16086.
16027.
18340.
16041.

7236.
7637.
8342.
8958.
9743.

1161.

1310.
1189.
1553.

2002.

6200.

s i wmimmmmmmmmmm.



CAPITAL
CONSUMPTH
ALLOWANC

TABLE

128

941.2
CASH
CHANGE
I

CASH

YEAR
TOTAL

FLOW

INCLUDING

I NONFARM
|
I
INCOME
|
|
OF THE
|
I
FARM
|
LPQPULATIONl

UNREALIZED

AND NONMONEY
FARM CASH

TOTAL

FROM

OPERATORS
N E T FARM
INCQMF

FLOW AND NET INCOME
CURRENT DOLLARS
P R E V I O U S YEAR I N M I L L I O N S

FARM

INCOME

CASH

FLOW

LANDLORDS'
N E T RENTAL
INCOME

CAPITAL
CONSUMPTION
ALLOWANCFS

TOTAL

FLOW

OF D O L L A R S
EXCLUDING

UNREALIZED

I
I
|

NONFARM
1
INCOME
OF THE
FARM
I
TOTAL
I POPULATION!

AND NONMONEY
FARM CASH

OPERATORS'
NET FARM
INCQMF

FARM

INCOME

FLOW

LANDLORDS•
CAPITAL
N E T RENTAL
CONSUMPTION
INCOME
—ALLOWANCE

1911
1912
1913.
1 9 1 4 .• . . I
I
1915. -.1
1916. ..I
1917. ..I
1 9 1 8 . »• I
1919. ..I

******
******
******
******

******
******
******
******

-778.
1105.
-720.
442.

-616.
1067.
-729.
426.

11.
12.
-3.
15.

27.
26.
12.
1.

i
|
j
j

******
******
******
******

******
******
******
******

-208.
210.
99.
-242.

-246.
172.
90.
-258.

11.
12.
-3.
15.

******
******
******
******
******

27.
26.
12.
1.

******
******
******
******
******

204.
453.
4143.
805.
405.

114.
249.
3735.
583.
198.

48.
131.
291.
34.
69.

42.
73.
117.
188.
138.

|
j
j
j
j

******
******
******
******
******

******
******
******
******
******

308.
889.
2142.
1538.
454.

218.
685.
1734.
1316.
247.

48.
131.
291.
34.
69.

1920. ..I
1921.
1922.
1923.
1924. ,.l

******
******
******
******
******

******
******
******
******
******

42.
73.
117.
188.
138.

-1443.
—4797.
932.
796 »
-114.

-1190.
-442 5.
973.
725.
-213.

-424.
-200.
64.
62.
90.

171.
-172.
-105.
9.
9.

j
j

******
******

|
j
j

******
******
******

******
******
******
******
******

-2697.
-2715.
500.
601.
386.

-2444.
-2343.
541.
530.
287.

-424.
-200.
64.
62.
90.

1925.
1926. ..I
19 2 7 •
1928.
1929.

******
******
******
******
******

171.
-172.
-105.
9.
9.

******
******
******
******
******

1749.
-828.
-139.
268.
177.

1879.
-797.
-238.
282.
171.

-50.
-45.
95.
-24.
-10.

-80.
14.
4.
10.
16.

j
j
j

******
******
******

1 ******
j ******

******
******
******
******
******

766.
-519.
184.
-51.
420.

896.
-4 88.
85.
-37.
414.

-50.
-45 .
95.
-24.
-10.

-80.
14.
4.
10.
16.

1930.
1931.
1932.
1933.
1934 . . . I

******
******
******
******
******

******
******
******
******
******

-2019.
-1199.
-1515.
536.
472.

-1893.
-915.
-1312.
523.
368.

-165.
-185.

39.
-99.

******
******
******
******
******

******
******
******
******
******

—1663.
-1551.
-782.
853.
1087.

-1537.
-1267.
-5 79.
840.
983.

-165.
-185.
-81.
103.
98.

39.
-99.
-122.
-90.
6.

1935.
1936.
1937. . . I
1938.
1939.,

2581.
-537.
1870.
-1942.
197.

121.
333.
106.
-273.
135 »

2460.
-870.
1762.
—1669.
62.

2355.
-970.
1697.
—1644.
53.

489.
450.
-5.
-773.
120.

91.
36.
-3.
-62.
61.

14.
64.
68.
37.
-52.

1940.< .1
1941.,
1942.,
1943..
1944..

302.
2778.
4755.
2491.
98.

153.
2280.
4071.
2071.
24.

68.
2008.
3363.
1883.
-31.

-122.
1627.
2301.
2482.
322.

69.
199.
243.
154.
-1.

16.
73.
465.
34.
56.

...I
...I

!




149.
498.
684.
420.
74.

-81.

-122.

103.
98.

-90.

91.
36.
-3.

14.
64.

-62 .

61.

69.
199.
243.
154.

-1.

6.

68.
37.
-52.

16.
73
465
34
56

.
.
.
.

121.

715.
883.

333.

-1071.
264.

-273.
135.

594.
550.
60.
-798.
129.

149.
498.
684.
420.
74.

-37.
1899.
3009.
2670.
377.

168.

112.
2397.
3693.
3090.
451.

108.

CASH

FLOW AND NET INCOME
CURRENT DOLLARS
CHANGE FROM P R E V I O U S YEAR I N M I L L I O N S
CASH FLOW I N C L U D I N G UNREALIZED

1

YEAR

1
1
1 TOTAL
1

1
1945...|
1946...1
1947...I
1948...1
1949...1 -

1 NONFARM
TMrnMC

AND NONMONEY FARM INCOME
FARM CASH

|
1

OPERATORS'
I
OF THE
1
NET FARM
1
FARM
1 TOTAL
1 DDDI li AT T DM 1
T Nf.riM F

270.
1947.
2246.
-844.
-1586.

364.
1731.
1828.
-1208.
-1686.

21.
337.
54.
-85.
—263 .

-115.
-121.
364.
449.
363.

300.
482.
179.
128.
127.

-202.
2394.
-308.
1 -620.
1 -1880.

71.
248.
215.
-289.
-503.

-273.
2146.
-523.
-331.
-1377.

-699.
1529.
-755.
-252.
-1449.

126.
135.
53.
-207.
-55.

300.
482.
179.
128.
127.

-102.
52.
-80.
132.
-84.

119.
23.
190.
98.
240.

-431.
I
1182.
1
1 -1053.
2076.
I
-999.
!

263.
387.
32.
65.
443.

-694.
795.
-1085.
2011.
-1442.

-711.
720.
-1195.
1781.
-1598.

-102.
52.
-80.
132.
-84.

119.
23.
190.
98.
240.

805.
439.
107.
-294.
-1278.

47.
222.
121.
156.
32.

86.
51.
142.
166.
207.

!
1
1

684.
1166.
851.
605.
1195.

112.
401.
705.
616.
785.

572.
765.
146.
-11.
410.

439.
492.
-117.
-333.
171.

47.
222.
121.
156.
32.

86.
51.
142.
166.
207.

2846.
1471.
-1365.
519.
2407.

2407.
1061.
-1621.
-17.
1971.

231.
137.
-141.
117.
62.

208.
273.
397.
419.
374.

18 5 7 .
|
3043.
I
1 -1633.
2069.
1
3313.
|

884.
578.
532.
1091.
1101.

973.
2465.
-2165.
978.
2212.

534.
2055.
-2421.
442.
1776.

231.
137.
-141.
117.
62.

208.
273.
397.
419.
374.

475.
870.
2369.
1901.
2028.

115.
1186.
5814.
17930.
—6180.

-142.
482.
4032.
14684.
-7219.

71.
114.
1245.
2188.
-579.

186.
590.
537.
1058.
1618.

690.
1
477.
|
8372.
I
1 16574.
-100.
1

475.
870.
2369.
1901.
2028.

215.
-393.
6003.
14673.
-2128.

-42.
-1097.
4221.
11427.
-3167.

71.
114.
1245.
2188.
-579.

186.
590.
537.
1058.
1618.

1204.
1390.

-295.
-3484.

-1872.
-4244.

-500.
-500.

2077.
1260.

1 -4719.
2578.
1

1204.
1390.

-5923.
1188.

—7500.
428.

-500.
-500.

2077.
1260.

513.
2972.
704.
2674.
-4784.

607.
2756.
286.
2310.
-4884.

21.
337.
54.
-85.
—263 *

1365.
3151.
-526.
-2349.
-1038.

71.
248.
215.
-289.
-503.

1294.
2903.
-741,
-2060.
-535.

868.
2286.
-973.
-1981.
-607.

126.
135.
53.
-207.
-55.

-788.
411.
-27.
2378.
-1856.

263.
387.
32.
65.
443.

-1051.
24.
-59.
2313.
-2299.

-1068.
-51.
-169.
2083.
-2455.

1050.
1113.
1075.
644.
-254.

112.
4 0 1 r,
705.
616.
785 .

938.
712.
370.
28.
-1039.

3730.
2049.
-833.
1610.
3508.

884.
578.
532.
1091.
1101.

1970...1
1971...1
1972...1
1973...1
1974..m

590.
2056.
8183.
19831.
-4152.

I
1975...1
1976...1

909.
-2094.

1
1955...I
1956...I
1957...J
1958..*1
1959...I

1
1960...1
1961...1
1962...1
1963...!
1964...I

1
1965...1
19 6 6 . . . I
1967... 1
1968...1
1969...1

1

CAPITAL
CONSUMPTION
ALLOWANCES

-30.
146.
746.
518.
377.

-30.
146.
746.
518.
377.

1

CAPITAL
1 TOTAL
CONSUMPTION!
ALLOWANCES!

FARM CASH FLOW
!
1 NONFARM
INCOME
1
1
LANDLORDS•
OPERATORS'
1
OF THE
1
NET RENTAL
NET FARM
1
FARM
I TOTAL
INCOME
INCOME
1 POPULATION!

240.
2093.
2992.
—326.
1209.

483.
3118.
1450.
3192.
4407.

1950...1
1951...1
1952...1
1953...1
1954...1

CASH FLOW EXCLUDING U N R E A L I Z E D AND NONMONEY FARM INCOME

1

FLOW

LANDLORDS'
NET RENTAL
INCOME

OF DOLLARS

-115.
-121.
364.
449.
363.

!
1
1
I
1 1
1
I

I

1

1




129

TABLE

130

941.3
CASH
PERCENTAGE
CASH

YEAR
TOTAL

FLOW

INCLUDING

1 NONFARM
1
INCOME
1
OF THE
1
FARM

|
|
|
|

UNREALIZED

FARM CASH

TOTAL

1 POPULATION!
1
1
1
1

*****

9
9
9
9

1
1
1
1

1
2
3
4

.
.
.
.

.
.
.
.

.
.
.
.

*****
*****
*****

19
19
19
19
19

1
1
1
1
1

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

*****
*****
*****
*****
*****

1
1
1
1
1

9
9
9
9
9

2
2
2
2
2

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

1
1
1
1
1

9
9
9
9
9

2
2
2
2
2

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

1
1
1
1
1

9
9
9
9
9

3
3
3
3
3

0
1
2
3
4

.
.
.
.
.

1
1
1
1
1

9
9
9
9
9

3
3
3
3
3

5
6
7
8
9

1
1
1
1
1

9
9
9
9
9

4
4
4
4
4

0
1
2
3
4

AND NONMONEY FARM

OPERATORS'
NET FARM
INCOME

*****
*****
*****
*****

-15.9
26.8
-13.8
9.8

-19.6
31.9
-16.5
11.6

*****
*****
*****
*****
*****

4.1
8.8
74.0
8.3
3.8

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

.
.
.
.
.

*****
*****
*****
*****
*****

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

FLOW AND NET INCOME
CURRENT DOLLARS
CHANGE FROM P R E V I O U S

INCOME

CASH

FLOW

LANDLORDS'
N E T RENTAL
INCOME

CAPITAL
| TOTAL
CONSUMPTION!
ALLOWANCES 1

FLOW

YEAR
EXCLUDING U N R E A L I Z E D

|
I NONFARM
1
INCOME
1
!
OF THE
!
1
FARM
I
1 PFLPUL ATT AMI

FARM

4
6
9
4

6.5
5.9
2.6
0.2

|
|
1
|

*****
*****
*****
*****

*****
*****
*****
*****

-7.
7.
3.
-7.

2.8
5.9
83.6
7.1
2.3

13.5
32.5
54.5
4.1
8.0

8.7
13.9
19.6
26.3
15.3

|
|
|
|
1

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

10.8
28.2
53.0
24.9
5.9

-13.2
-50.4
19.8
14.1
-1.8

-13.2
-56.8
28.9
16.7
-4.2

-45.7
-39.7
21.1
16.8
20.9

16.4
-14.2

|
|

-10.1

I

1.0
1.0

|
|

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

-33.0
-49.6
18.1
18.4

*****
*****
*****
*****
*****

27.6
-10.3
-1.9
3.8
2.4

38.7
-11.8
-4.0
4.9
2.9

- 9 .
-9.
22.
-4.
-2.

- 8 . 4
1.6
0.5
1.1
1.8

|
|
|
|
|

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

-26.7
-21.7
-34.9
19.0
14.1

-30.8
-21.5
-39.2
25.7
14.4

-34.0
-57.6
-59.6
187.3
62.0

3
4
3
3
9

1
|
|
|
|

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

-32.
-45.
-42.
80.
57.

.
.
.
.
.

42.9
-6.2
23.2
-19.6
2*5

5.5
14.4
4.1
-9.9
5.5

64.2
-13.8
32.5
-23.2
1.1

80.
-18.
39.
-27.
1.

6
4
4
4
2

35.5
10.4
—0.8
-16.3
19.2

2.2
9.6
9.3
4.6
—6.2

|
!
|
|

I

13.8
15.0
2 .5
-15.4
4.5

5.5
14.4
4.1
-9.9
5.5

19.8
15.3
1.4
-19.0
3.8

.
.
.
.
.

3.7
32.7
42.2
15.6
0.5

5.7
18.1
21.0
10.7
1.7

2.7
39.8
50.8
17.1
0.2

1.5
44.8
51.8
19.1
—0.3

18.2
44.4
37.6
17.3
-0.1

2.0
9.2
53.4
2.5
4.1

|
|
|
!
|

1.8
38.3
42.7
25.0
2.9

5.7
18.1
21.0
10.7
1.7

-1.0




3.
3.
- 0 .
4.

6
6
4
6
0

4.
-10.
-14.
-12.
0.

AND NONMONEY

0
6
3
8

CASH

FARM

FLOW

OPERATORS'
NET FARM

LANDLORDS•
NET RENTAL

INCOME

INCOME

-10.9

8.6

4.1
-11.4
10.9
30.8
59.6
28.3
4.1

INCOME

3.
3.
-0.
4.

4
6
9
4

CAPITAL
CONSUMPTION

ALLOWANCES
6.5
5.9

2.6
0.2

13.5
32.5
54.5
4.1

8.0

8.7
13.9
19.6
26.3
15.3

4
3
1
0
5

-45.7
-39.7

16.4
-14.2

32.3
-13.3
2.7

-1.1

-1.1

12.8

-9.6
-9.6
22.4
-4.6

- 8 . 4

-10.3
4.1

-2.0

-42.1

-34.0
-57 .6
-59.6
187.3

4.3
-10.4
-14.3
-12.3
0.9

10.0

18.0

9.1
9
8
6
9
0

54.4
55.8
31.8
3.4

-39.
-62.
38.
27.
11.

—60.0
-68 .6
317.0
89.0
23.4
17.5

-0.2

21.1
16.8
20.9

62.0

35.5
10.4

—0.8

—25.6
5.3

-16.3
19.2

-5.1
72.4
59.4
40.2
3.7

18
44,
37,
17,

-0.1

-10.1

1.0
1.0

1.6

0.5

1.1
1.8

2.2
9.6
9.3
4.6

-6.2

2.0
9.
53.
2.
4.

2
4
5
1

TABLE 9 4 1 . 3

CASH FLOW AND NET INCOME
CURRENT DOLLARS
PERCENTAGE CHANGE FROM PREVIOUS YEAR
FLOW I N C L U D I N G UNREALIZED AND NONMONEY FARM INCOME

CASH

TOTAL

FARM CASH FLOW
I NONFARM
|
|1
*INCOME
• ! Ww» 1 l»
Im
LANDLORDS'
OPERATORS'
I
OF THE
1
NET RENTAL
NET FARM
I
FARM
I TOTAL
INCOME
INCOME
1 POPULATION1

CAPITAL
CONSUMPTION
ALLOWANCES

CASH FLOW EXCLUDING UNREALIZED AND NONMONEY FARM INCOME

TOTAL

FARM CASH FLOW
I NONFARM
|
I
INCOME
1
LANDLORDS'
OPERATORS'
I
OF THE
1
NET RENTAL
NET FARM
I
FARM
| TOTAL
1 POPULATION!
INCOME
INCOME

CAPITAL
CONSUMPTION

ALLOWANCES.

2.6
1945...1
16.3
1946...1
6.5
1947...I
13.5
1948...1
1949... 1 -16.4

—0.7
3.3
16.4
9.8
6.5

3.6
20.2
4.0
14.6
-22.7

5.2
22.4
1.9
15.0
-27.6

2.0
31.7
3.9
-5.8
-19.2

-8.1
-9.2
30.6
28.9
18.1

1.5
13.0
16.4
-1.5
-5.8

-0.7
3.3
16.4
9.8
6.5

2.4
16.6
16.4
-5.3
-10.5

4.1
18.5
16.5
-9.4
-14.4

2.0
31.7
3.9
-5.8
-19.2

-8.1
-9.2
30.6
28.9
18.1

1950...I
1951...1
1952...1
1953...1
19 5 4 . . . |

6.1
13.2
-2.0
- 8 .9
-4.3

1.1
4.0
3.3
-4.3
-7.8

8.0
16.5
—3.6
-10.5
-3.0

6.8
16.7
—6.1
-13.2
-4.7

11.4
10.9
3.9
-14.6
-4.5

12.7
18.1
5.7
3.8
3.7

-1.0
12.3
-1.4
-2.9
—9 . 0

1.1
4.0
3.3
-4.3
-7.8

-2.0
16.2
-3.4
-2.2
-9.5

-7.0
16.4
-7.0
-2.5
-14.7

11.4
10.9
3.9
—14.6
-4.5

12.7
18.1
5.7
3.8
3.7

1955...1
1956...I
1957...1
1958... 1
1959...I

-3.4
1.8
-0.1
10.5
-7.4

4.4
6.2
0.5
1.0
6.6

-6. 1
0.1
-0.4
14.4
-12.5

—8.6
-0.5
-1.5
18.8
-18.6

-8.8
4.9
-7.2
12.8
-7.2

3.3
0.6
5.1
2.5
6.0

—2 . 3
6.3
-5.3
11.1
-4.8

4.4
6.2
0.5
1.0
6.6

-5.3
6 .4
-8.2
16.6
-10.2

-8.5
9.4
-14.2
24.7
-17.8

-8.8
4.9
-7.2
12.8
-7.2

3.
0.
5.
2.
6.

I960...1
19 6 1 . . . 1
1962 . . . 1
1963...|
1964...i

4.5
4.6
4.2
2.4
-0.9

1.6
5.5
9.2
7.4
8.8

5.8
4.2
2.1
0.2
-5.7

7.5
3.8
0.9
—2 . 4
-10.9

4.4
19.8
9.0
10.6
2.0

2.0
1.2
3.2
3.7
4.4

3.4
5.7
3.9
2.7
5.2

1.6
5.5
9.2
7.4
8.8

4.5
5.8
1.0
-0.1
2.9

5.9
6.3
-1.4
-4.1
2.2

4.4
19.8
9.0
10.6
2.0

2.0
1.2
3.2
3.7
4.4

1965...1
1966... I
1967...|
1968 . . . 1
1969...I

13.9
6.7
—2 . 6
5.1
10.5

9.1
5.4
4.7
9.3
8.6

16.7
7.4
—6.4
2.6
11.7

22.9
8.2
-11.6
—0.1
16.0

14.0
7.3
-7.0
6.2
3.1

4.2
5.3
7.4
7.2
6.0

7.6
11.6
-5.6
7.5
11.2

9.1
5.4
4.7
9.3
8.6

6.7
15.8
-12.0
6.2
13.1

6.6
24.0
-22.8
5.4
20.6

14.0
7.3
-7.0
6.2
3.1

4.2
5.3
7.4
7.2
6.0

1970...1
1971...1
1972...1
1973...1
1974...|

1.6
5.5
20.7
41.6
—6.1

3.4
6.0
15.5
10.8
10.4

0.5
5.1
24.0
59.7
-12.9

-1.0
3.4
27.6
78.7
-21.6

3.4
5.3
55.4
62.7
-10.2

2.8
8.7
7.3
13.4
18.1

2.1
1.4
24.5
39.0
-0.2

3.4
6.0
15.5
10.8
10.4

1.1
-2.0
31.8
59.0
-5.4

-0.4
-10.6
45.5
84.7
-12.7

3.4
5.3
55.4
62.7
-10.2

2.8
8.7
7.3
13.4
18*1

1975...|
1976...I

1.4
-3.3

5 .6
6.1

-0.7
-8.4

-7.2
-17.5

-9.8
-10.9

19*. 7
10.0

—8.0
4.7

5.6
6.1

-15.8
3.8

-34.5
3.0

-9.8
-10.9

19.7
10.0




3
6
1
5
0

131

TABLE

941.4

FARM
I
I
I
I
I
I

YEAR

CASH

TOTAL

I
I
|
I

NONFARM
INCOME
OF THE
FARM

I
•|
• j
• j

*****
*****
*****

*****
*****
*****

• |

* * * * *

*****
*****

.| *****
I

1915.
1916.
1917.
1918.
1919.
1920.
1921.
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.
1934.
1935.
1936.
1937.
1938.
1939.

• |

* * * * *

. i

*****

. i

*****

. i

*****

*****
*****
*****
*****

FARM CASH

TOTAL

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

OPERATORS'
NET FARM
INCQMF
85.0

81.2

INCOME

LANDLORDS'
N E T RENTAL

INCOME
6.5

.

CAPITAL
CONSUMPTION

8.5

84.4

83.1

7.6
7.2

9.0
10.7
9.8

7.8
9.5
8.5

10.2
10.7
7.3

8.5

9.5

82.0
79.8
84.2
83.3

8.1

10.8

8.6

*****

*****

i
.1
.i

*****
*****

*****
*****

•i * * * * *
• j *****

*****
*****
*****

100.0
100.0
100.0
100.0
100.0

• j

*****
*****
*****
*****

*****

*****
*****
*****
*****
*****

100.0
100.0
100.0
100.0
100.0

81.1
81.4

i
• i
•i
• i
.i

5.8
5.9
7.3
6.7
6.4

*****
*****
*****
*****

*****
*****
*****
*****

100.0
100.0
100.0
100.0
100.0

76.9
77.1
72.0
76.1
76.3

5.8
3.1
1.9
4.7
6.7

.8
.7
.0
.9

100.0
100.0
100.0
100.0
100.0

83.9
79.5
83.6
79.1
79.2

5.5
7.1
5.3
5.8

32.5
28.9
24.6
23.6
23.8

100.0
100.0
100.0
100.0
100.0

78.3

7.8

8.1

13.9
10.9

82.9
82.6

7.4
7.4
7.4

10.1

• i
i
• i
• i
• i
. i

*****

•I 100.0
I
.1

100.0
100.0
I 100.0
.1 100.0
.1 100.0

36.3

26.8
3
2
3
3

2
7
1
1

100.0
I 100.0
I 100.0
I 100.0
100.0




82.0
82.0
7
7
7
7

1.5
6.9
8.7
6.7

83.4
81.9

80.2

81.1
81.6

5.3
6.5
6.5
6.7

8.2

6.8

TOTAL

ALLQHANCFSt

8.0
6 .6

81.8

CASH

FLOW

• j

I

1940.
1941.
1942.
1943.
1944.

AND

I N C L U D I N G U N R E A L I Z E D AND NONMONEY FARM

LP O P U L A T I O N

J
1910.
1911.
1912.
1913.
1914.

FLOW

INCOME

FLOW AND NET INCOME
CURRENT DOLLARS
NONFARM INCOME A S A PERCENTAGE OF TOTAL CASH FLOW
C A P I T A L C O N S U M P T I O N ALLOWANCES A S A PERCENTAGE OF TOTAL

132

CASH

12.7

22.0
16.5
14.6
15.0

10.8
12.2
12.5
12.2

12.1
17.3
19.7

26.0
19.2
17.0

10.6
13.4

11.1

15.1
14.0

11.1
9.7

FLOW

EXCLUDING

I NONFARM
INCOME
OF THE
1
1
FARM
1 POPULATION

FARM CASH

UNREALIZED

FLOW

AND NONMONEY
FARM CASH

TOTAL

OPERATORS'
NET FARM
INCOME

FARM

INCOME

FLOW

LANDLORDS'
NET RENTAL
INCOME

CAPITAL
CONSUMPTION
AiinuANrcc

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

100.0
100.0
100.0
100.0
100.0

75.3
72.1
72.8
73.4
70.6

10.7
11.9
11.5
11.0
12.5

13.9
16.0
15.7
15.6
16.9

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

100.0
100.0
100.0
100.0
100.0

70.6
72.0
75.1
77.2
75.9

12.8
13.2
13.3
11.1
11.4

16.6
14.8
11.5
11.7
12.7

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

100.0
100.0
100.0
100.0
100.0

68.
51.
60.
64.
65.

7
4
1
5
4

9.2
11.0
11.3
11.1
12.2

22.1
37.6
28.6
24.4
22.4

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

100.0
100.0
100.0
100.0
100.0

7
7
6
6
7

3.2
0.8
9.9
9.8
2.2

9.4
9.5
11.1
10.7
9.6

17.4
19.7
19.0
19.4
18.1

*****
*****
*****
*****

*****
*****
*****
*****
42.2

100.0
100.0
100.0
100.0
100.0

62.3
46.0
25.1
57.9
69.7

9.5
7.4
5.2
8.3
8.6

28.2
46.6
69.6
33.8
21.7

100.0
100.0
100.0
100.0
100.0

39.1
38.9
39.6
42.1
42.5

100.0
100.0
100.0
100.0
100.0

71.8
73.2
72.0
66.1
67.1

9.7
9.3
9.1
9.4
10.7

18.5
17.6
19.0
24.5
22.1

100.0
100.0
100.0
100.0
100 .0

4
3
3
2
2

100.0
100.0
100.0
100.0
100.0

64.3
71.9
73.5
78.2
78.4

12.8
12.0
10.6
9.4
9.1

22.8
16.1
15.9
12.4
12.4

100.0

4
7
1
8
7

.1
.7
.9
.3
.9

CASH FLOW AND NET INCOME
CURRENT DOLLARS
NONFARM INCOME AS A PERCENTAGE OF TOTAL CASH FLOW
FARM INCOME AND CAPITAL CONSUMPTION ALLOWANCES AS A PERCENTAGE OF TOTAL FARM CASH FLOW

TABLE 9 4 1 . 4

~j

CASH FLOW I N C L U D I N G UNREALIZED AND NONMONEY FARM INCOME

YEAR
I TOTAL

1
1
1

NONFARM
INCOME
OF THE
1
|
FARM
1 POPULATION

CASH FLOW EXCLUDING UNREALIZED AND NONMONEY FARM INCOME

FARM CASH FLOW
OPERATORS'
NET FARM
TOTAL
INCOME

LANDLORDS'
NET RENT

CAPITAL
CONSUMPTION

INCOME

. ALLOWANCES

TOTAL

| NONFARM
|
INCOME
|
OF THE
|
FARM
I POPULATION

FARM CASH FLOW

TOTAL

OPERATORS•
NET FARM
INCOME

LANDLORDS'
NET RENTAL

INCOME

CAPITAL
CONSUMPTION

ALLOWANCES

100.0
100.0
100.0
100.0
100.0

23.1
20.5
22.4
21.7
27.6

100.0
100.0
100.0
100.0
100.0

83.8
85.3
83.6
84.0
78.6

7.2
7.9
7.9
6.5
6.8

8.9
6.7
8.5
9.5
14.6

100.0
100.0
100.0
100.0
100.0

27.3
25.0
25.0
27.8
31.5

100.0
100.0
100.0
100.0
100.0

79.7
81.0
81.1
77.6
74.2

9.1
10.3
9.1
9.1
8.2

11.2
8.7
9.8
13.3
17.5

100.0
100.0
100.0
100.0
100.0

26.3
24.2
25.4
26.7
25.7

100.0
100.0
100.0
100.0
100.0

77.8
77.9
75.9
73.5
72.3

7.0
6.7
7.2
6.9
6.8

15.2
15.4
16.9
19.6
20.9

100.0
100.0
100.0
100.0
100.0

32.2
29.8
31.2
30.7
31.1

100.0
100.0
100.0
100.0
100.0

70.5
70.6
68.0
67.8
63.9

9.3
8.9
9.6
8.4
8.8

20.2
20.5
22.4
23.8
27.3

100.0
100.0
100.0
100.0
100.0

27.8
29.0
29.2
26.7
30.8

100.0
100.0
100.0
100.0
100.0

70.4
70.0
69.2
71.8
66.8

6.6
6.9
6.4
6.3
6.7

23.0
23.1
24.4
21.9
26.5

100.0
100.0
100.0
100.0
100.0

33.3
33.2
35.3
32.1
35.9

100.0
100.0
100.0
100.0
100.0

61.7
63.5
59.3
63.4
58.1

8.5
8.4
8.5
8.2
8.5

29.8
28.2
32.2
28.3
33.5

100.0
100.0
100.0
100.0
100.0

29.9
30.2
31.6
33.1
36.4

100.0
100.0
100.0
100.0
100.0

67.8
67.6
66.8
65.1
61.5

6.6
7.6
8.1
9.0
9.7

25.5
24.8
25.1

26.0
28.8

100.0
100.0
100.0
100.0
100.0

35.3
35.2
37.0
38.7
40.0

100.0
100.0
100.0
100.0
100.0

58.9
59.2
57.7
55.4
55.0

8.5
9.6
10.3
11.4
11.3

32.7
31.2
31.9
33.1
33.6

100.0
100.0
100.0
100.0
100.0

34.8
34.4
37.0
38.5
37.8

100.0
100.0
100.0
100.0
100.0

64.8
65.3
61.7
60.0
62.3

9.5
9.5
9.4
9.7
9.0

25.7
25.2
28.9
30.2
28.7

100.0
100.0
100.0
100.0
100.0

40.6
38.3
42.5
43.2
42.2

100.0
100.0
100.0
100.0
100.0

55.0
58.9
51.7
51.3
54.7

12.1
11.2
11.9
11.9
10.8

32.8
29.9
36.4
36.8
34.5

100.0
100.0
100.0
100.0
100.0

38.5
38.7
37.0
28.9
34.0

100.0
100.0
100.0
100.0
100.0

61.4
60.4
62.1
69.5
62.5

9.3
9.3
11.6
11.8
12.2

29.3
30.3
26.3
25.3

100.0
100.0
100.0
100.0
100.0

42.8
44.7
41.5
33.1
36.6

100.0
100.0
100.0
100.0
100.0

53.8
49.2
54.3
63.0
58.1

11.1
11.9
14.0
14.4
13.6

35.1
38.9
31.7
22.6
28.2

1 9 7 5 . . . 11 100.0
1 9 7 6 . . . 11 100.0

35.4
38.9

100.0
100.0

58.5
52.6

11.1
10.8

30.5
36.6

100.0
100.0

42.0
42.5

100.0
100.0

45.3
44.9

14.6
12.5

40.1
42.5

1945...1
1946...1
1947...1
1948...1
1949...1

I

1950...1
1951...1
1952...1
1953...1
1954...I

1

1955...1
1956...1
1957...1
1958...1
1959...1

1

1960...1
1961...1
1962...1
1963...1
1964...1

1

1965...1
1966...1
1967...I
1968...1
1969...1

1

1970...1
1971...1
1972...1
1973...1
1974...1

l




18.6

133

TABLE

134

942.1
CASH

FLOW AND N E T INCOME
I N 1 9 6 7 DOLLARS
AMOUNTS I N M I L L I O N S OF D O L L A R S
CASH

YEAR
TOTAL

FLOW
I
I
|
I

INCLUDING

NONFARM
INCOME
OF THE
FARM

|
|
I
|

[POPULATION

UNREALIZED

AND NONMONEY FARM
FARM CASH

OPERATORS'
NET FARM
INCOME

TOTAL

INCOME

FLOW

LANDLORDS*
N E T RENTAL
INCOME

CAPITAL
CONSUMPTION

******
******
******
******
******

******
******
******
******
******

15918.
13387.
16812.
14493.
15604.

13524.
10870.
14197.
11850.
12962.

1041.
1077.
1104.
1095.

1121.

1353.
1441.
1510.
1549.
1522.

1915.
1916.
1917.
1918.
1919.

******
******
******
******
******

******
******
******
******
******

15936.
15680.
21939.
19979.
17460.

13066.
12513.
18473.
16644.
14323.

1248.
1495.
1858.
1627.
1479.

1622.
1672.
1608.
1708.
1658.

1920.
1921.
19 2 2 .
1923.
1924.

******
******
******
******
******

******
******
******
******
******

13431
9254
11680
13295
13060

.
.
.
.
.

11009.
6617.
9140.
10461.
10021.

712.
597.
774.
1073.

1710.
2040.
1966.
1946.
1965.

1925.
1926.
1927.
1928.
1929.

******
******
******
******
******

******
******
******
******
******

16152
14771
14768
15227
15795

.
.
.
.
.

13468.
12099.
11839.
12345.
12863.

940.
866.
1080.
1024.
1016.

1744.
1806.
1849.
1858.
1915.

1930.
1931.
1932.
1933.
1934.

******
******
******
******

******
******
******
******

11260.

12377.

15876.

5770.

8569.
10009.
10106.

9524.
8684.
6173.
7618.
7715.

718.
353.
167.
471.
676.

2135.
2223.
2230.
1920.
1716.

1935.
1936.
1937.
1938.
1939.

22322.
20927.
24978.
21080.
21960.

5991.
6855.
6913.
6532.
7004.

16331.
14072.
18065.
14548.
14957.

13706.
11187.
15106.
11510.
11844.

901.
995.
956.
839.
1017.

1940.
1941.
1942.
1943.
1944.

22583.
27900.
34618.
35905.
34239.

7342.
8067.
8517.
8459.
8160.

15240.
19833.
26101.
27446.
26078.

11927.
16075.
21293.
22765.
21537.

1192.
1603.
1923.
2025.
1919.

888.

TOTAL

ALLOWANCES

1910.
1911.
1912.
1913.
1914.




CASH

FLOW E X C L U D I N G U N R E A L I Z E D
I NONFARM
I
INCOME
|
OF THE
I
FARM

|
|
|
|

1 POPULATION I
j

******

j
j
j
t

******
******
******

| ******

| ******
j ******
j ******
j ******
j ******
j

| ******
| ******
| ******
j
j
j

******
******

| ******

j * * * * * *
j ******
j ******
j ******
j
j ******
j ******
j ******
j ******

******
******
******
******
******

AND

NONMONEY FARM

FARM CASH

TOTAL

FLOW

LANDLORDS'
N E T RENTAL
INCOME

CAPITAL
CONSUMPTION
ALLOWANCES

709.
032.
618.
937.
978.

7315.
6515.
7004.
7293.
6336.

1041.
1077.
1104*
1095.
1121.

1353.
1441.
1510.
1549.
1522.

******
******
******
******
******

9759.
11315.
13923.
14624.
13031.

6889.
8148.
10457.
11289.
9894.

1248.
1495.
1858.
1627.
1479.

1622.
1672.
1608.
1708.
1658.

******
******
******
******
******

7736.
5425.
6867.
7976.
8772.

5314.
2788.
4127.
5142.
5734.

712.
597.
774.
888.
1073.

1710.
2040.
1966.
1946.
1965.

******
******
******
******
******

10032.
9165.
9724.
9557.
10559.

7348.
6493.
6795.
6675.
7628.

940.
866.
1080.
1024.
1016.

1744.
1806.
1849.
1858.
1915.

4720.
2192.
805.
3295.
5511.

718.
353.
167.
471.
676.

2135.
2223.
2230.
1920.
1716.

******
******
******
******

9
9
9
9
8

OPERATORS
NET FARM
INCOME

INCOME

1
|

13672.

5770.

7574.
4768.
3202.
5686.
7902.

1724.
1890.
2002.
2199.
2096.

1
1
1
1
I
j

15308.
17601.
17474.
15506.
16473.

5991.
6855.
6913.
6532.
7004.

9317.
10745.
10561.
8974.
9469.

6692.
7860.
7602.
5936.
6357.

901.
995.
956.
839.
1017.

1724.
1890.
2002.
2199.
2096.

2121.
2155.
2885.
2656.
2622.

1
1
1
1
1

16635.
21420.
26670.
29932.
29223.

7342.
8067.
8517.
8459.
8160.

9293.
13353.
18153.
21473.
21062.

5980.
9596.
13345.
16792.
16521.

1192.
1603.
1923.
2025.
1919.

21
21
28
26
26

21.
55.
85.
56.
22.

TABLE

942.1

CASH
AMOUNTS
CASH

FLOW

INCLUDING

UNREALIZED

NONFARM
I
INCOME
1
OF THE
1
FARM
1 TOTAL
1 PAPlll ATTDNl

1
TOTAL

AND NONMONEY FARM
FARM CASH

OPERATORS'
NET FARM
INCOME

FLOW AND NET INCOME
I N 1 9 6 7 DOLLARS
I N M I L L I O N S OF D O L L A R S

INCOME

CASH

1

FLOW

LANDLORDS'
NET RENTAL
INCOME

CAPITAL
CONSUMPTION
ALLOWANCES

TOTAL

FLOW

EXCLUDING

UNREALIZED

AND NONMONEY

FARM

INCOME

-- -

1
1

NONFARM
|
INCOME
I
OF THE
I
I
FARM
|
1
1 POPULATION!

FARM

TOTAL

OPERATORS'
NET FARM

„INCOME

LANDLORDS'
N E T RENTAL

INCOME

CAPITAL
CONSUMPTION

. . ALLOWANCES-

33776.
35402.
32144.
34446.
29741.

7793.
7255.
7197.
7460.
8205.

25983.
28148.
24948.
26986.
21536.

21783.
24019.
20861.
22661.
16935.

1882 .
2233.
1977.
1758.
1467.

2318.
1895.
2110.
2568.
3134.

28524.
29036.
28813.
26788.
26067.

7793.
7255.
7197.
7460.
8205.

20730.
21781.
21616.
19328.
17862.

16530.
17653.
17529.
15002.
13262.

1882 .
2233.
1977.
1758.
1467.

2318.
1895.
2110.
2568.
3134.

31165.
32392.
31409.
28830.
27486.

8198.
7823.
7992.
7705.
7077.

22967.
24569.
23417.
21125.
20409.

17864.
19145.
17777.
15537.
14756.

1614.
1644.
1688.
1453.
1382 .

3488
3781
3952
4135
4271

.
.
.
.
.

25485.
26269.
25613.
25061.
22726.

8198.
7823.
7992.
7705.
7077.

17287.
18447.
17621.
17356.
15649.

12185.
13022.
11981.
11768.
9996.

1614.
1644.
1688.
1453.
1382.

3488.
3781.
3952.
4135.
4271.

26546.
26641.
25855.
28072.
25900.

7390.
7737.
7554.
7496.
7965.

19155.
18904.
18300.
20577.
17935.

13482.
13226.
12657.
14774.
11978.

1261.
1303.
1175.
1303.
1204.

4413.
4375.
4468.
4500.
4753.

22212.
23277.
21414.
23370.
22172.

7390.
7737.
7554.
7496.
7965.

14822.
15539.
13860.
15874.
14207.

9148.
9861.
8217.
10072.
8250.

1261.
1303.
1175.
1303.
1204.

4413.
4375.
4468.
4500.
4753.

26887.
28026.
28820.
29225.
28758.

8034.
8451.
9106.
9679.
10457.

18853.
19576.
19714.
19546.
18300.

12789.
13231.
13168.
12718.
11261.

1248.
1489.
1601.
1754.
1776.

4816.
4855.
4945.
5074.
5263.

22779.
23991.
24594.
25000.
26116.

8034.
8451.
9106.
9679.
10457.

14744.
15540.
15489.
15321.
15659.

8681.
9195.
8943.
8493.
8620.

1248.
1489.
1601.
1754.
1776.

4816.
4855.
4945.
5074.
5263.

32024.
33194.
31739.
31951.
33892.

11150.
11419.
11737.
12290.
12808.

20874.
21775.
20002.
19661.
21083.

13533.
14227.
12339.
11806.
13143.

1979.
2062.
1882.
1915.
1895.

5362.
5487.
5781.
5940.
6045.

27477.
29791.
27599.
28424.
30327.

11150.
11419.
11737.
12290.
12808.

16327.
18371.
15862.
16134.
17519.

8986.
10823.
8199.
8279.
9579.

1979.

5362.
5487.
5781.
5940.
6045.

33011.
33353.
38730.
50717.
41894.

12698.
12896.
14329.
14681 .
14262.

20313.
20457.
24400.
36036.
27632.

12475.
12355.
15159.
25051.
17276.

1879.
1896.
2835.
4266.
3372.

5959.
6206.
6406.
6719.
6984.

2
2
3
4
3

9682.
8832.
4534.
4390.
9004.

12698.
12896.
14329.
14681.
14262.

16985.
15936.
20205.
29709.
24742.

9146.
7834.
10964.
18724.
14386.

1879.
1896.
2835.
4266.
3372.

38589.
35342.

13674.
13736.

24914.
21607.

14564.
11376.

2762.
2330.

75%9.
7901.

32585.
32314.

13674.
13736.

18911.
18579.

8561.
8348.

2762.
2330.




2062.
1882.
1915.
1895.

5959.

6206.
6406.
6719.
6984.
7589.
7901.

135

TABLE

136

942.2
CASH

CHANGE
CASH

YEAR
TOTAL

FLOW

INCLUDING

I NONFARM
|
I
INCOME
|
OF THE
|
1
1
FARM
|
1 POPULATION!

UNREALIZED

AND NONMONEY FARM
FARM C A S H

TOTAL

OPERATORS*
NET FARM

INCOME ,

1
1
1
1

9
9
9
9

1
1
1
1

1
2
3
4

.
.
.
.

.
.
.
.

.
.
.
.

******
******
******
******

1
1
1
1
1

9
9
9
9
9

1
1
1
1
1

5
6
7
8
9

.
.
.
.
.

..
..
..
..
..

******
******
******
******
******

******
******
******
******
******

332.
-256.
6259.
-1960.
-2519.

104.
-553.
5960.
-1830.
-2321.

1
1
1
1
1

9
9
9
9
9

2
2
2
2
2

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

***-***
******
******
******
******

******
******
******
******
******

-4029.
-4177.
2627.
1415.
-235.

1
1
1
1
1

9
9
9
9
9

2
2
2
2
2

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

******
******
******
******
******

******
******
******
******
******

1
1
1
1
1

9
9
9
9
9

3
3
3
3
3

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

******
******
******
******
******

1935.
1936.
1937.
1938.
1939.

.
.
.
.
.

.
.
.
.
.

1
1
1
1
1

.
.
.
.
.

.
.
.
.
.

9
9
9
9
9

4
4
4
4
4

0
1
2
3
4

.
.
.
.
.

FLOW AND NET INCOME
I N 1 9 6 7 DOLLARS
FROM P R E V I O U S YEAR I N M I L L I O N S
INCOME

|

C A S H FLOW

FLOW

LANDLORDS'
N E T RENTAL
INCOME

******
******
******
******

-2530.
3424.
-2318.
1111.

-2654.
3327.
-2347.
1112.

36
28
-10
26

CAPITAL
| TOTAL
CONSUMPTION!
ALLOWANCES 1

OF D O L L A R S
EXCLUDING

1 NONFARM
1
INCOME
1 OF THE
FARM
1
1 POPULATION

UNREALIZED

|
|

AND NONMONEY
FARM C A S H

I
| TOTAL
1

OPERATORS•
N E T FARM
INCOME

FARM

INCOME

FLOW

LANDLORDS*
NET RENTAL
INCOME

CAPITAL
CONSUMPTION
A LLOWANCE £

.
.
.
.

|
|
|
|

******
******
******
******

******
******
******
******

-677.
586.
319.
-959.

-800.
489.
290.
-957.

36.
28.
-10.
26.

88.
69.
39.
-27.

127.
247.
362.
-231.
-148.

101.
49.
-64.
101.
-51.

|
|
j
|
|

******
******
******
******
******

******
******
******
******
******

781.
1556.
2608.
702.
-1593.

553.
1259.
2309.
832.
-1395.

127.
247.
362.
-231.
-148.

101.
49.
-64.
101.
-51.

-3314.
-4392.
2523.
1321.
-440.

-767.
-115.
178.
113.
186.

52.
330.
-74.
-19.
19.

|
|
|
|
|

******
******
******
******
******

******
******
******
******
******

-5295.
-2312.
1442.
1108.
797.

-4580.
-2526.
1339.
1015.
592.

-767.
-115.
178.
113.
186.

52.
330.
-74.
-19.
19.

3092.
-1381.
- 3 .
459.
568.

3447.
-1369.
-260 .
506.
518.

-133.
-74.
214.
-56 .
-8.

-221.
62.
43.
9.
58.

| ******
| ******
| ******
I ******
| ******

******
******
******
******
******

1260.
-867.
560.
-168.
1002.

1614.
-855.
302.
-120.
952.

-133.
-74.
214.
-56 .
-8.

-221.
62.
43.
9.
58.

******
******
******
******
******

-3418.
-1117.
-2690.
1439.
97.

-3340.
-840.
-2511.
1445.
97.

-298
-365
-186
304
205

.
.
.
.
.

220.
87.
7.
-310.
-205.

|
|
|
|
|

******
******
******
******
******

******
******
******
******
******

-2985.
-2806.
-1566.
2484.
2217.

-2907.
-2529.
-1387.
2490.
2216.

-298.
-365.
-186.
304.
205.

220.
87.
7.
-310.
-205.

6446.
-1394.
4050.
-3897.
880.

221.
865.
57.
-381.
471.

6225.
-2259.
3993.
-3517.
409.

5991.
-2519.
3919.
-3596.
334.

225.
93.
-39.
-117.
178.

9.
166.
112.
196.
-103.

|
|
|
|
|

1636.
2293.
-127.
-1967.
967.

221.
865.
57.
-381.
471.

1415.
1428.
-185.
-1587.
496.

1181.
1169.
-258.
-1666.
421.

225.
93.
-39.
-117.
178.

9.
166.
112.
196.
-103.

622.
5317.
6718.
1287.
—1666.

339.
725.
449.
-58.
-299.

284.
4592.
6269.
1344.
-1367.

83.
4148.
5218.
1472.
-1228.

175.
410.
321.
102.
-106 .

25.
34.
730.
-230.
-34.

|
|
|
|
|

162.
4786.
5249.
3263.
-710.

339.
725.
449.
-58.
-299.

-177.
4060.
4800.
3320.
-411.

-377.
3616.
3749.
3448.
-271.

175.
410.
321.
102.
-106.

25.
34.
730.
-230.
—34.




.
.
.
.

88
69
39
-27

TABLE

942.2

-j

YEAR

I
I
|
I

CASH FLOW AND NET INCOME
I N 1 9 6 7 DOLLARS
CHANGE FROM PREVIOUS YEAR IN MILLIONS
CASHFLOW* INCLUDING UNREALIZED AND NONMONEY FARM INCOME

TOTAL

! NONFARM
INCOME
I
OF THE
I
FARM

1
—462 .
1945...1
1626.
1946...1
1947...1 -3258.
2302.
1948...1
1949... 1 -4706.
1
1424.
1950...1
1228.
1951...1
-984.
19 52 . . . 1
19 53 . . . 1 - 2 5 7 8 .
1 9 5 4 . . . 1 —1345 «
1
-940.
1955...1
95.
1956...1
-787.
1957...1
2218.
1958...1
1959...1 -2173.
1
987.
1960...1
1139.
1961 . . . 1
793.
1962...1
406.
1963...1
—467 .
1964...1
1
3266.
1965...1
1170.
1966...1
1967...1 -1455.
212.
1968...!
1940.
1969...1
1
-880.
1970...1
342.
1971...1
5376.
1972...1
1 9 7 3 . . . 1I 11987.
1 9 7 4 . . . 1I - 8 8 2 3 .
11
1 9 7 5 . . . 1| - 3 3 0 6 .
1 9 7 6 . . . !j — 3 2 4 6 .




FARM CASH FLOW
I
|__
LANDLORDS'
OPERATORS"
I
N E T RENTAL
j TOTAL
NET FARM
INCOME

CAPITAL
CONSUMPTION
A1 inWANCES

OF DOLLARS

CASH FLOW EXCLUDING UNREALIZED AND NONMONEY FARM INCOME

TOTAL

FARM CASH FLOW
| NONFARM
I
|
INCOME
I.
LANDLORDS'
I
OF THE
I
OPERATORS'
NET RENTAL
;
FARM
I TOTAL
NET FARM
INCOME
I p n p n i ATI QN i
m s m t —
-37.
351.
-256.
-219.
-291.

-304.
-422.
215.
458.

-1465.

9.
1123.
-123.
-2527.
-1740.

-7.
-375.
169.
-287.
-628.

-575.
1159.
-826.
—265 .
-1706.

-1077.
837.
-1041.
-213.
-1772.

147.
30.
45.
-235.
-71.

354.
293.
171.
183.
136.

-514.
1065.
-1863.
1956.
-1198.

314.
347.
-183.
-59.
469.

-828.

-122.

-1680.

-848.
713.
-1644.
1855.

142.
—37 •
93.
32.
253.

607.

-367.
-539.
-58.
263.
745.

-95.
2165.
-3200.
2039.
-5451.

246.
2237.
-3159.
1800.
-5726.

-37.
351.
-256.
-219.
-291.

-304.
-422.
215.
458.
566.

-699.
512.
-223.
-2025.
-720.

—367 .
-539.
— 58 .
263.
745.

-7.
-375.
169 •
-287.
—628 •

1431.
1603.
-1152.
-2292.
-716*

930.
1280.
—1368 *
-2239.
-781.

147.
30.
45.
-235.
-71.

354.
293.
171.
183.
136.

-582.
784.
-657.
-552.
-2335.

314.
347.
-183.
-59.
469.

-1253.
-251.
-604.
2276.
-2642.

-1274.
-257.
-568.
2117.
-2796.

-122.

142.
-37.
93.
32.
253.

69.
416.
655 .
574.
778.

918.
723.
138.
—168 .
—1246.

811.
442.
—63 •
-450.
-1457.

44.
241.

63.
40.
89.
130.

692.
269.
318.
553.
518.

2574.
901.
-1773.
-341.
1422.

2272.
693.
-1888.
-533.
1337.

202.

-111.
199.
1433.
352.
—418 *

-770 .
144.
3943.
11636.
-8404.

—668 .
-120.
2804.
9892.
-777 5.

17.
939.
1431.
-894.

247.

-588.
61.

-2717.
-3308.

-2712.
-3188.

—610 •
-431.

43.

-128.

128.

-98.

CAPITAL
CONSUMPTION
ftllQWANCES

-332.
1051.
-165 •

-2288.

718.

2015.
—1667•

43.

-128.
128.

566.

-1822.

-98.

537.
796.
-51.
-168.
338.

431.
515.
-252.
-450.
127.

44.
241.
112.
152.
23.

63.
40.
89.
130.

100.

188.

1116.

69.
416.
655.
574.
778.

-20.

100.
125.
294.
159.
105.

1361.
2314.
-2192.
825.
1903.

692.
269.
318.
553.
518.

668.
2044.
-2509.
272.
1385.

366.
1837.
-2624.
80.
1300.

202.
83.
-180.
33.
-20.

—16 .

-86.

-111.
199.
1433.
352.
-418.

-534.
-1049.
4269.
9504.
-4967.

-433.
-1312.
3130.
7760.
—4338•

— 16 •
17.
939.
1431.
-894.

—86.

314.
265.

-645.
-850.
5702.
9856.
-5386.

605.
312.

-6419.
-271.

-588.
61.

-5831.
-332.

-5825.
-213.

—610.
-431.

605.
312.

112.
152.
23.

83.

-180.
33.

200.

1212.
604.
406.

188.
125.
294.
159.
105.

247.

200.
314.
265.

137

TABLE

942.3

138
CASH

FLOW AND NET INCOME
I N 1 9 6 7 DOLLARS
CHANGE FROM P R E V I O U S

PERCENTAGE
J
YEAR

I
I
I
I

CASH

TOTAL

FLOW

\ NONFARM"
I
INCOME
|
OF THE
I
I
FARM
I
I POPULATION!

I
• •I * * * * *
• •I * * * * *
..I *****
..I *****
I
1915.
*****
1916.
.1 *****
1917.
*****
1918.
*****
1919.
.* * * * * *
1911.
1912.
1913.
1914.

,.1

1920..
1921..
1922..
1923..
1924..
1925..
1926..
1927..
1928..
1929..
1930..
1931..
1932..
1933..
1934..
1935..
1936..
1937..
1938..
1939..
1940..
1941..
1942..,
1943..,
1944..,

i
.1
• i
• i
• i
• i
i
• i
.i
• i
.i
• i
i
• i
• i
• i
• i
• i
i
• i
• i
u
.i
.i
i
.i
,i
.i
,i
,i
_1_

INCLUDING

*****
*****
*****
*****

UNREALIZED

AND NONMONEY FARM
FARM CASH

INCOME

CASH FLOW

FLOW

TOTAL

OPERATORS*
NET FARM

LANDLORDS'
N E T RENTAL

CAPITAL
CONSUMPTIO

TOTAL

-15.9
25.6
-13.8
7.7

-19.6
30.6
-16.5
9.4

3.4
2.6
-0.9
2.4

6.5
4.8

*****
*****
*****
*****

2.6

-1*8

-10.9
7.5
4.1
-13.1

3.4
2.6
-0.9
2.4

6.5
4.8

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

8.7
15.9
23.0
5.0
-10.9

8.7
18.3
28.3
8.0
-12.4

11.3
19.8
24.2
-12.4
-9.1

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

-40.6
-29.9
26.6
16.1
10.0

-46.3
-47.5
48.0
24.6
11.5

-51.9
-16.1
29.8
14.6
20.9

3.2
19.3
-3.6

*****
*****
*****
*****
*****

14.4
—8.6
6.1
-1.7
10.5

28.1
-11.6
4.7
-1.8
14.3

-12.4
-7.9
24.7
-5.2
-0.7

-11.2

*****
*****
*****
*****
*****

-28.3
-37.0
-32.8
77.6
39.0

-38.1
-53 .6
—63 . 3
309.3
67.3

-29.4
-50.8
-52.7
182.0
43.4

11.5
4.1
0.3
-13.9
-10.7

3.8
14.4
-5.5
7.2

17.9
15.3
- 1 . 7
-15.0
5.5

21.4
17.5
-3.3
-21.9
7.1

33.4
10.4
-3.9
-12.2
21.2

0.5
9.6
5.9
9.8
- 4 . 7

4.8
9.9
5.6
-0.7
-3.5

- 1 . 9
43.7
35.9
18.3
—1 . 9

- 5 . 9
60.5
39.1
25.8
-1.6

17.2
34.4
20.0
5.3
-5.2

1.2

-23.1
-31.1
28.4
11.9
-1.8

-23.1
-39.9
38.1
14.4
-4.2

-51.9
-16. 1
29.8
14.6
20.9

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

23.7
-8.5
-0.0
3.1
3.7

34.4
-10.2
-2.2
4.3
4.2

-12.4
-7.9
24.7
-5.2
- 0 . 7

-11.2
5
4
5
1

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

*****
*****
*****
*****
*****

-21.6
-9.0
-23.9
16.8
1.0

-26.0
-8.8
-28.9
23.4
1.3

-29.4
-50.8
-52.7
182.0
43.4

11.5
4.1
0.3
-13.9
-10.7

*****
*****
*****
*****
*****

40.6

3.8
14.4

77.7
-18.4
35.0
-23.8
2.9

33.4
10.4
-3.9
-12.2
21.2

0.5
9.6
5.9
9.8
-4.7

12.0

-5.5
7.2

61.6
-13.8
28.4
-19.5
2.8

4.8
9.9
5.6
-0.7
—3.5

1.9
30.1
31.6
5.1
-5.0

0.7
34.8
32.5
6.9
-5.4

17.2
34.4
20.0
5.3
-5.2

-6.2
19.4
-15.6
4.2

2.8
23.5
24.1
3.7
—4.6




0.8

3
2
0
3

.
.
.
.

1.2

15.0
-0.7
-11.3

6.2
1.0

1.6

28.8

33.9

24.5

-8.0

-1.3

FLOW

-7.0
6.5
3.3
-9.6

*****
*****
*****

1.0

CASH

INCOME

*****
*****
*****
*****

*****
*****
*****
*****
*****

-1.0

FARM

FARM

CAPITAL
CONSUMPTION

11.3
19.8
24.2
-12 .4
-9.1

3.2
19.3
-3.6

I

AND NONMONEY

LANDLORDS'
N E T RENTAL

0.8
-4.2
47.6
-9.9
-13.9

*****
*****

I NONFARM
I
INCOME
|
OF THE
I
FARM

UNREALIZED

OPERATORS'
NET FARM

2.1
-1.6
39.9
-8.9
-12.6

3.0
—3.8
6.3
-3.0

EXCLUDING

TOTAL

*****
*****
*****
*****
*****

6.6

YEAR

12.2

—2 . 4

0.8

I

2.6

-1.8

6.6
3.
-3.
6.
- 3 .

0
8
3
0

-1.0

1.0

3
2
0
3

.
.
.
.

5
4
5
1

1.6
33.9

-8.0
- 1 . 3

CASH
PERCENTAGE

YEAR

1
1
1
|

FLOW

CASH

1 TOTAL
1
1
1
-1.4
1945...1
4.8
1946...1
-9.2
1947...I
7.2
1948...1
1949...1 -13.7
1
4.8
1950...1
3.9
1951...1
-3.0
1952...1
-8.2
1953...1
-4.7
1954...I

|
I

INCLUDING

NONFARM
liNvun t
OF THE
FARM

I
1
1
1 TOTAL

1CUCWLFT11UM»

1
-3.4
1955...1
0.4
1956...I
-3.0
1957...1
8.6
19 58 . . . 1
-7.7
1959...1
1
3.8
19 6 0 . . . 1
4.2
1961...I
2.8
1962...1
1.4
1963...1
-1.6
1964...1
1
11.4
1965...1
3.7
1966...1
-4.4
1967...1
0.7
1968...1
6.1
1969...1
1
—2 . 6
1970...1
1.0
1971...1
16.1
1972...|
31.0
1973...1
-17.4
1974...|
1
-7.9
1975...11
—8 . 4
1976...1
11




AND NONMONEY FARM

UNREALIZED

FARM CASH
OPERATORS*
NET FARM
INCOME

FLOW AND NET INCOME
I N 1 9 6 7 DOLLARS
CHANGE FROM P R E V I O U S

INCOME

CASH

FLOW

LANDLORDS*"
N E T RENTAL
INCOME

CAPITAL
CONSUMPTION
Al t flWANCES

TOTAL

YEAR

FLOW

I NONFARM
|
INCOME
I
OF THE
1
FARM
1 POPULATION

I
I
1
I TOTAL
1

11.3
8.4
4.5
4.6
3.3

-8.5
7.8
—1 6 . 7
22.6
- 1 8 . 1

-8.8
3.4
-9.8
10.9
—7 . 6

3.3
-0.8
2.1
0.7
5.6

3.8
5.4
-0.3
-1.1
2.2

5.2
5.9
-2.7
-5.0
1.5

3.6
19.3
7.5
9.5
1.3

1.3
0.8
1.8
2.6
3.7

6
4
8
7
2

4.3
12.5
-13.7
1.7
8.6

4.2
20.4
—24 . 2
1.0
15.7

11.4
4.2
-8.7
1.8
-1.0

1.9
2.3
5.4
2.8
1.8

-2.1
-2.9
19.8
28.5
-12.1

-0.9
1.6
11.1
2.5
-2.9

-3.1
-6.2
26.8
47.0
—16.7

-4.5
-14.3
40.0
70.8
-23.2

—0.8
0.9
49.5
50.5
-21.0

-16.5
—0.8

—4 . 1
0.4

-23.6
-1.8

-40.5
-2.5

-18.1
-15.6

-8.8
3.4
-9.8
10.9
-7.6

3.3
-0.8
2.1
0.7
5.6

-2.3
4.8
-8.0
9.1
-5.1

4.4
4.7
-2.4
—0.8
6.3

—5 . 3
4.8
-10.8
14.5
-10.5

6.8
3.5
-0.5
-3.4
-11.5

3.6
19.3
7.5
9.5
1.3

1.3
0.8
1.8
2.6
3.7

2.7
5.3
2.5
1.7
4.5

0.9
5.2
7.8
6.3
8.0

14.1
4.3
—8. 1
- 1 . 7
7.2

20.2
5.1
-13.3
-4.3
11.3

11.4
4.2
-8.7
1.8
—1.6

1.9
2.3
5.4
2.8
1.8

5.2
8.4
-7.4
3.0
6.7

- 0 . 9
1.6
11.1
2.5
-2.9

-3.7
0.7
19.3
47.7
-23.3

-5.1
-1.0
22.7
65.3
-31.0

-0.8
0.9
49.5
50.5
-21.0

-1.4
4.1
3.2
4.9
3.9

—4. 1
0.4

-9.8
-13.3

-15.7
-21.9

-18.1
—15.6

8.7
4.1

-0.1
-4.6
2.2
—3.6
-8.2

6.6
7.0
-4.7
-9.8
-3.4

5.5
7.2
-7.1
-12.6
-5.0

10.0
1.8
2.7
-13.9
-4.9

4.4
4.7
-2.4
-0.8
6.3

—6 . 1
-1.3
-3.2
12.4
-12.8

—8.6
-1.9
-4.3
16.7
-18.9

0.9
5.2
7.8
6.3
8.0

5.1
3.8
0.7
-0.9
—6.4

6
2
2
4
4

.6
.4
.8
.7
.2

CAPITAL
CONSUMPTION
ALLOWANCES

10.0
1.8
2.7
-13.9
-4.9

-0.
-4.
2.
- 3 .
-8.

-11.6
-18.2
11.3
21.7
22.0

LANDLORDS'
NET RENTAL
INCOME

- 8
6
-8
-1
-15

-2
3
-2
-2
-9

-1.9
18.6
-11.5
-11.1
-16.5

FLOW

-11.6
-18.2
11.3
21.7
22.0

11.3
8.4
4.5
4.6
3.3

1.1
10.3
-13.2
8.6
-25.3

OPERATORS'
NET FARM
INCOME

INCOME

-1.9
18.6
-11.5
-11.1
—16.5

-4.5
-6.9
-0.8
3.7
10.0

—0.4
8.3
- 1 1 . 4
8.2
-20.2

FARM CASH

FARM

0.1
6.8
- 0 . 7
-14.4
-11.6

—1 . 6
5.1
-0.8
-10.6
—7 • 6

-2.4
1.8
-0.8
-7.0
-2.7

-4.5
—6 . 9
—0 . 8
3.7
10.0

AND NONMONEY

EXCLUDING UNREALIZED

.
.
.
.
.

2
1
5
2
3

6
2
2
4
4

1
6
2
6
2

.
.
.
.
.

-3.
6.
-4.
-1.
-9.

2
7
5
5
8

.
.
.
.
.

1
9
0
8
1

- 1
4
3
4
3

.
.
.
.
.

4
1
2
9
9

8.7
4.1

139

TABLES

951.1

AND 9 5 1 . 2

140
CASH FLOW AND NET INCOME
CURRENT DOLLARS

I

CASH

YEAR
TOTAL

1960...|
1961...|
1962...|
1963...|
1964...|
1965...1
1966...|
1967...|
1968...|
1969...|
1970...|
1971...|
1972...|
1973...|
1974...|
1975...|
1976...|

FLOW I N C L U D I N G UNREALIZED
|OFF-FARM|
I INCOME |
| OF FARM!
I OPERATOR|

AND NONMONEY FARM INCOME

FARM CASH FLOW
TOTAL

OPERATORS
NET FARM

LANDLORDS
NET RENTAL

951.1

I.
I
25461.
26854.
27965.
29109.
28687.
32623.
35249.
34497.
35987.
39540.
40395.
43009.
50593.
71678.
68198.
69994.
69056.

8482.
9163.
9904.
11020.
11637.
12727.
13882.
14495 .
15466.
16612.
17352.
18780.
20550.
23705.
26405.
28496.
31042.

16979.
17691.
18061.
18089.
17050.
19896.
21367.

20002.
20521.
22928.
23043.
24229.
30043.
47973.
41793.
41498.
38014.

II
I
l_
I
1961...|
1962...|
1963... |
1964...|
1965...I
1966...|
1967...|
1968...|
1969...|
1970...|
1971...|
1972...|
1973...|
1974...|
1975...|
1976...|

11518.
11957.
12064.
11770.
10492.
12899.
13960.
12339.
12322.
14293.
14151.
14633.
18665.
33349.
26130.
24258.
20014.

1124.
1346.
1467.
1623.
1655.
1886.
2023.
1882.
1999.
2061.
2132.
2246.
3491.
5679.
5100.
4600.
4100.

951.2
1393.

1111.
1144.
-422.
3936.

2626.
-752.
1490.
3553.
855.
2614.
7584.
21085.
-3480.
1796.
-938.

L_




681.
741.
1116.
617.
1090.
1155.
613.
971.
1146.
740.
1428.
1770.
3155.
2700.
2091.
2546.

CASH FLOW EXCLUDING UNREALIZED AND NONMONEY FARM

712.
370.
28.
-1039.
2846.
1471.
-1365.
519.
2407.
115.
1186.
5814.
17930.
-6180.
-295.
-3484.

439.
107.
-294.
-1278.
2407.
1061.
-1621.
-17.
1971.
-142.
482.
4032.
14684.
-7219.
-1872.
-4244.

CHANGE

222.
121.
156.
32.
231.
137.
-141.
117.

62.

71.
114.
1245.

2188.
-579.
-500.
-500.

CAPITAL
CONSUMPTION

TOTAL

IOFF-FARMI
I INCOME |
:| OF FARM!

INCOME

FARM CASH FLOW

jOPERATORj

TOTAL

OPERATORS•
NET FARM

LANDLORDS•
NET RENTAL

CAPITAL
CONSUMPTION

AMOUNTS I N M I L L I O N S OF DOLLARS

4337.
4388.
4530.
4696.
4903.
5111.
5384.
5781.
6200.
6574.
6760.
7350.
7887.
8945.
10563.
12640.
13900.

FROM P R E V I O U S

51.
142.

166.

207.

208.

273.
397.
419.
374.

186.

590.
537.
1058.
1618.
2077.
1260.

21761.
23207.
24094.
25199.
26226.
28289.
31909.
30357.
32306.
35664.
36619.
37654.
45427.
63255.
63827.
59995.
63729.

YEAR

8482.
9163.
9904.
11020.
11637.
12727.
13882.
14495.
15466.
16612.
17352.
18780.
20550.
23705.
26405.
28496.
31042.

13279.
14044.
14190.
14179.
14589.
15562.
18027.
15862.
16840.
19052.
19267.
18874.
24877.
39550.
37422.
31499.
32687.

7818
8310
8193
7860
8031
8565
10620
8199
8641
10417
10375
9278,
13499,
24926,
21759,
14259,
14687,

1124.
1346.
1467.
1623.
1655.
1886.
2023.
1882.
1999.
2061.
2132.
2246.
3491.
5679.
5100.
4600.
4100.

492.
-117.
-333.
171.
534.
2055.
-2421.
442.
1776.
-42.
-1097.
4221.
11427.
-3167.
-7500.
428.

222.
121,

4337.
4388.
4530.
4696.
4903.
5111.
5384.
5781.
6200.
6574.
6760.
7350.
7887.
8945.
10563.
12640.
13900.

I N M I L L I O N S OF DOLLARS

1446.
887.
1105.
1027.
2063.
3620.
-1552.
1949.
3358.
955.
1035.
7773.
17828.
572.
-3832.
3734.

681.
741.
1116.
617.
1090.
1155.
613.
971.
1146.
740.
1428.
1770.
3155.
2700.
2091.
2546.

765.
146.
-11.
410.
973.
2465.
-2165.
978.
2212.
215.
-393.
6003.
14673.
-2128.
-5923.
1188.

156.
32.
231.
137.
-141.
117.

62.

71.
114.
1245.

2188.
-579.
-500.
-500.

51.
142.

166.

207.

208.
273.
397.
419.
374.

186.

590.
537.
1058.
1618.
2077.

1260.

TABLES

YEAR

0 5 1 . 3

!
1
1
1
1
1
1

AND

CASH FLOW

TOTAL

5.5

1 9 6 1 . . . !

CASH

9 5 1 . 4

INCLUDING

UNREALIZED

IOFF-FARMI
t u r A M C 11
11 liMLUMt
| OF FARMI
(OPERATOR! TOTAL
IFAMILIESI

8 . 0

OPERATORS'
NET FARM
INCOME

4 , 2

3 . 8

1 9 6 2 . . . 1

4 . 1

8 . 1

2 . 1

1 9 6 3 . . . I
1 9 6 4 . . . (

4 . 1

1 1 . 3

- 1 . 4

5 . 6

0.2
- 5 . 7

- 1 0 . 9

1 9 6 5 . . . (

13.7

9 . 4

1 6 . 7

2 2 . 9

1 9 6 6 . . . 1

8 . 0

1 9 6 7 . . . I

—2 . 1

9 . 1
4 . 4

7 . 4
—6 . 4

8 . 2
- 1 1 . 6

1 9 6 8 . . . (

4 . 3
9 . 9

6 . 7

2 . 6

7 . 4

1 1 . 7

- 0 . 1
16.0

4 . 5

0 . 5

8.2

5 . 1

- 1 . 0
3 . 4

2 . 2
6 . 5

1 9 7 0 . . . 1
1 9 7 1 . . . 1

AND NONMONEY FARM INCOME

- 2 . 4

INCOME.

ALLOWANCES!

951*3

PERCENTAGE CHANGE

FROM P R E V I O U S YEAR

19.8
9.0

10.6
2.0

14.0
7.3
-7.0

6.2

3.1
3.4
5.3
55.4
62.7

1 7 . 6

9 .*t

1 9 7 3 . . . 1
1 9 7 4 . . . |

4 1 . 7
- 4 . 9

1 5 . 4
1 1 . 6

2 4 . 0
5 9 . 7

2 7 . 6
7 8 . 7

- 1 2 . 9

—21. 6

-10.2

7 . 9
8 . 9

- 0 . 7
- 8 . 4

- 7 . 2
- 1 7 . 5

-9.8
-10.9

2 c ;>
- 1 , 3

1 9 7 6 . . . (

1.2
3.2
3.7
4.4
4.2
5.3
7.4
7.2
6.0
2.8
8.7
7.3
13.4
18.1
19.7
10.0

1

951.4

1960...1
1961..*(
1962...1
1963...I
19 64 . . . 1
1965...1
1966...!
19 67 . . . 1
1968...(
1969...I
1970...1
1971...1
1972...1
1973...I
1974...I
1975...I
1976...I
I

100.0
100.0
100.0
100.0
100 0
100.0
100.c
100.0
100.0
100.0
lOOmO
100.0
100.0
100.0
100.0
100.0
100.0

33.3
34.1
35.4
37.9
40.6
39.0
39.4
42.0
43.0
42.0
43.0
43.7
40.6
33.1
38.7

40.7

45.0

66.7
65.9
64.6
62.1
59.4
61.0
60.6
58.0
57.0
58.0
57.0
56.3
59.4
6 b 9
61.3
59.3
5 5,0

45.2
44.5
43.1
40.4
36.6
39.5
39.6
35.8
34.2
36.1
35.0
34.0
36.9
46.5
38.3
34.7
29.0

"TOTAL CASH FLOW" I S THE SUM OF THE CASH
SEE TABLE <
OPERATORS AND T H E I R F A M I L I E S .




EXCLUDING U N R E A L I Z E D

|OFF-FARM|
| TNirnMF |
| OF FARMI
(OPERATOR!
IFAMTITFM

1
1
——
CAPITAL
1
LANDLORDS*
CONSUMPTION!
NET RENTAL

1 9 7 2 . . . 1

1975 . . . (

CASH FLOW

1

FARM CASH FLOW

0 . 9

1 9 6 9 . . . 1

FLOW AND NET INCOME
CURRENT DOLLARS

4.4
5.0
5.2
5.6
5.8
5.8
5.7
5.5
5.6
5.2
5.3
5.2
6.9
7.9
7.5
6.6
5.9

TOTAL

6.6
3.8
4.6
4.1
7.9
12.8
-4.9
6.4
10.4
2.7
2.8
20.6
39.2
0.9
—6.0
6.2

8.0
8.1
11.3
5.6
9.4
9.1
4.4
6.7
7.4
4.5
8.2
9.4
15.4
11.4
7.9
8.9

FARM CASH FLOW

TOTAL

5.8
1.0
-0.1
2.9
6.7
15.8
-12.0
6.2
13.1
1.1
-2.0
31.8
59.0
-5.4
-15.8
3.8

OPERATORS8
NET FARM
INCOME

LANDLORDS *
NET RENTAL
lNCOtt£

6.3
-1.4
—4. 1
2.2
6.6
24.0
-22.8
5.4
20.6
-0.4
—1 0 . 6
45.5
84.7
-12.7
-34.5
3.0

19.8
9.0
10.6
2.0
14.0
7.3
-7.0
6.2
3.1
3.4
5.3
55.4
62.7
-10.2
-9.8
-10.9

35.9
35.8
34.0
31.2
30.6
30.3
33.3
27.0
26.7
29.2
28.3
24.6
29.7
39.4
34.1
23.8
23.0

5.2
5.8

CAPITAL
CONSUMPTION

ALLOWANCES

1.2
3.2
3.7
4.4
4.2
5.3
7.4
7.2

6.0
2.8

8.7
7.3
13.4

18.1
19.7

10.0

1

PERCENTAGE OF TOTAL CASH

17.0
16.3
16.2
16.1
17.1
15.7
15.3
16.8
17.2
16.6
16.7
17.1
15.6
12.5
15.5
18.1
20.1

AND NONMONEY FARM INCOME

1
I
I
I
I

100.0
100.0
100.0
100.0

1
1
1
(
I
I

100.0
100.0
100.0
100.0
100.0
100.0

!

100.0

!

100.0

I
I
I
1
1
1

100.0
100.0
100.0
100.0
100.0

FLOW

39.0
39.5
41.1
43.7
44.4
45.0
43.5
47.7
47.9
46.6
47.4
49.9
45.2
37.5
41.4
47.5
48.7

61.0
60.5
58.9
56.3
55.6
55.0
56.5
52.3
52.1
53.4
52.6
50.1
54.8
62.5
58.6
52.5
51.3

6.1
6.4
6.3
6.7
6,3

6.2
6.2
5.8
5.8

6.0
7.7
9.0

8.0
7.7
6 .4

19.9
18.9
18.8
18.6
18.7
18.1
16.9
19.0
19.2
18.4
18.5
19.5
17.4
14.1
16.5

21.1
21.8

OF FARM

141

TABLES 9 5 2 . 1

AND 9 5 2 . 2

142
CASH FLOW AND NET INCOME
I N 1 9 6 7 DOLLARS

I

1
|
1

YEAR

1

1
1

CASH FLOW I N C L U D I N G UNREALIZED AND NONMONEY FARM
urr-rAKn|
1 INCOME 1
TOTAL

OP FARM|
OPERATORI

- I F AMI L I F S i

TOTAL

OPERATORS'
NET FARM

INCQMF

LANDLORDS'
NET RENTAL
INCOME

28270.
29715.
30525.
31453.
30791.
34227.
35923.
34497.
34479.
36359.
35610.
36314.
41091.
53843.
45090.
42023.
39250.

9418.
10139.
10810.
11908.
12490.
13353.
14147.
14495.
14818.
15275.
15297.
15856.
16690.
17807.
17458.
17108.
17644.

18853.
19576.
19714.
19546.
18300.
20874.
21775.
20002.
19661.
21083.
20313.
20457.
24400.
36036.
27632.
24914.
21607.

12789
13231
13168
12718
11261
13533
14227
12339
11806
13143,
12475,
12355,
15159,
25051,
17276,
14564.
11376.

1248.
1489.
1601.
1754.
1776.
1979.
2062.
1882.
1915.
1895.
1879.
1896.
2835.
4266.
3372.
2762.
2330.

952.2
1961...J
1962...|
1963...|
1964...J
1965...|
1966...|
1967...!
1968...I
1969...!
1970...I
1971...!
1972...I
1973...|
1974...|
1975...1
1976...|

1444.
810.
929.
-663.
3437.
1695.
-1426.
-18.
1880.
-749.
704.
4777.
12752.
-8753.
-3067.
-2772.

1




721.
671.
1097.
583.
863.
794.
348.
323.
458.
21.
560.
834.
1116.
-349.
-350.
535.

723.
138.
-168.
-1246.
2 574.
901.
-1773.
-341.
1422.
-770.
144.
3943.
11636.
-8404.
-2717.
-3308.

442
-63
-450
-1457
2272
693
-1888
-533
1337
-668,
-120,
2804,
9892,
-7775,
-2712,
-3188,

CHANGE

241.
112.
152.
23.

202.
83.

-180.
33.

-20.
-16.
17.
939.
1431.
-894.

-610.
-431.

|

*

FARM CASH FLOW

952.1
1960. ..1
1961. . . 1
1962. . . 1
1963. • . 1
1964. . . I
1965. • • 1
1966. . . 1
1967. • . 1
1968. . • I
1969. . . 1
1970. . • 1
1971. • • 1
1972. • • 1
1973. • • 1
1974. • • 1
1975. • • 1
1976. • . 1
1

INCOME

CASH FLOW EXCLUDING UNREALIZED AND NONMONEY FARM INCOME

1
1

CAPITAL
|
CONSUMPTION!
ALLOWANCES!

TOTAL

—

lOFF-FARMl
1 INCOME 1
1 OF FARM|
(OPERATOR! TOTAL
IFAMTI TFCI

FARM CASH FLOW
OPERATORS•
NET FARM

LANDLORDS'
NET RENTAL

luuuclc

trcuun r

8681.
9195.
8943.
8493.
8620.
8986.
10823.
8199.
8279.
9579.
9146.
7834.
10964.
18724.
14386.
8561.
8348.

1248.
1489.
1601.
1754.
1776.
1979.
2062.
1882.
1915.
1895.
1879.
1896.
2835.
4266.
3372.
2762.
2330.

4816.
4855.
4945.
5074.
5263.
5362.
5487.
5781.
5940.
6045.
5959.
6206.
6406.
6719.
6984.
7589.
7901.

241,
112.
152.
23.

40.
89.
130.

—

CAPITAL
CONSUMPTION
a l l o w a ^ c

AMOUNTS IN M I L L I O N S OF DOLLARS

4816.
4855.
4945.
5074.
5263.
5362.
5487.
5781.
5940.
6045.
5959.
6206.
6406.
6719.
6984.
7589.
7901.

24162.
25679.
26299.
27228.
28149.
29680.
32519.
30357.
30952.
32794.
32281.
31792.
36895.
47516.
42200.
36020.
36223.

FROM PREVIOUS YEAR

40.
89.
130.

188.
100.
125.
294.
159.
105.

-86.
247.

200.
314.
265.
605.
312.

9418.
10139.
10810.
11908.
12490.
13353.
14147.
14495.
14818.
15275.
15297.
15856.
16690.
17807.
17458.
17108.
17644.

14744.
15540.
15489.
15321.
15659.
16327.
18371.
15862.
16134.
17519.
16985.
15936.
20205.
29709.
24742.
18911.
18579.

I N M I L L I O N S OF DOLLARS

1517.
620.
929.
921.
1531.
2838.
-2162.
595.
1843.
-513.
-489.
5103.
10620.
-5316.
-6180.
203.

721.
671.
1097.
583.
863.
794.
348.
323.
458.
21.
560.
834.
1116.
-349.
-350.
535.

796.
-51.
-168.
338.
668.
2044.
-2509.
272.
1385.
-534.
-1049.
4269.
9504.
-4967.
-5831.
-332.

515
-252
-450
127
366
1837
-2624
80,
1300,
-433,
-1312,
3130,
7760,
-4338.
-5825.
-213.

202.
83.

-180.
33.

-20.
-16 .
17.
939.
1431.
-894.

-610 .
-431 .

186.
100.
125.
294.
159.
105.

—86.
247.

200.
314.
265.
605.
312.

TABLES 9 5 2 . 3

CASH FLOW AND NET INCOME
I N 1 9 6 7 DOLLARS

AND 9 5 2 , 4

CASH FLOW I N C L U D I N G UNREALIZED

I

YEAR
|

TOTAL

|OFF-FARMl
T M f r\u c 1 1
|1 INCOME
| OF FARMI
|OPERATOR 1 TOTAL

iI cr na nmAtUi It cU c I

1

AND NONMONEY FARM INCOME

FARM CASH FLOW
1
—
—
CAPITAL
1
OPERATORS*
LANDLORDS'
CONSUMPTION!
NET FARM
NET RENTAL
Al1nWANCESl
TKirnMP
INCOME
952.3

1
1961...1
1962...1
1963...1
1964... I
1965...1
1966...1
1967...I
1968...1
1969 . . . I
1970...1
1971...1
1972...1
1973...1
1974...1
1975...I
1976...1
1

5.1
2.7
3.0
-2.1
11.2
5.0
—4.0
-0.1
5.5
-2.1
2.0
13.2
31.0
-16.3
—6.8
—6.6

3.8
0.7
—0.9
-6.4
14.1
4.3
—8 . 1
-1.7
7.2
-3.7
0.7
19.3
47.7
-23.3
-9.8
-13.3

7.7
6.6
10.1
4.9
6.9
5.9
2.5
2.2
3.1
0.1
3.7
5.3
6.7
-2.0
-2.0
3.1

3.5
-0.5
-3.4
-11.5
20.2
5.1
-13.3
-4.3
11.3
—5. 1
—1.0
22.7
65.3
-31.0
-15.7
-21.9

1

66.7
65.9
64.6
62.1
59.4
61.0
60.6
58.0
57.0
56.0
57.0
56.3
59.4
66.9
61.3
59.3
55.0

33.3
34.1
35.4
37.9
40.6
39.0
39.4
42.0
43.0
42.0
43.0
43.7
40.6
33.1
38.7
40.7
45.0

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

0.8

19.3
7.5
9.5
1.3
11.4
4.2
-8.7

2.6
3.7
1.9
2.3
5.4

2.8
1.8

1.8

-1.4
4.1
3.2
4.9
3.9
8.7
4.1

0.9
49.5
50.5

-21.0
-18.1
-15,6

THE P R I C E

DEFLATOR USED

IS

s s t t i i ' U ' K j ' S i L S . "



S K / S

INDEX OF P R I C E S

s s

, ,

100.0
100,0
100,0
100,0
100,0
100,0
100,0
100,0
100,0
100,0
100,0
100,0
100.0
100.0
100.0
100,0
100.0

P A I D BY

$ , s i $ s s ,

1

FARM CASH FLOW
OPERATORS'
NET FARM
INCOME

LANDLORDS'
NET RENTAL
INCOME

CAPITAL
CONSUMPTION

5,9
-2,7
-5,0
1,5
4,2
20,4
-24,2
1,0
15,7
-4,5
-14.3
40.0
70.8
-23.2
-40.5
-2.5

19.3
7.5
9.5
1.3
11.4
4.2
-8.7
1.8
-1.0
—0 . 8
0.9
49.5
50.5
-21.0
-18.1
-15.6

0.8
1.8
2.6

-1.4
4. 1
3.2
4,9
3,9
8,7
4,1

5,2
5,8
6,1
6,4
6.3
6.7
6.3
6.2
6.2
5.8
5.8
6.0
7.7
9.0
8.0
7.7
6.4

19.9
18.9
18.8
18.6
18.7
18.1
16.9
19.0
19.2
18.4
18.5
19.5
17.4
14.1
16.5
21.1
21.8

5,4
-0,3
-1.1
2.2
4.3
12.5
-13.7
1.7
8.6
—3. 1
-6.2
26.8
47.0
—16.7
-23,6
-1,8

7,7
6.6
10.1
4.9
6.9
5.9
2.5
2.2
3.1
0.1
3.7
5.3
6.7
-2.0
-2.0
3.1

OF TOTAL CASH

17,0
16,3
16.2
16.1
17.1
15.7
15.3
16.8
17.2
16.6
16.7
17,1
15,6
12.5
15.5
18.1
20.1

4,4
5,0
5.2
5.6
5.8
5.8
5.7
5.5
5.6
5.2
5.3
5.2
6.9
7.9
7.5
6.6
5,9

THE ANNUAL AVERAGE USDA

PERCENTAGE

IOFF-FARMl
I INCOME | _
| OF FARMI
IOPERATOR I TOTAL
IFAMTLIFRI

INCOME

ALLOWANCES

FROM P R E V I O U S YEAR

6.3
2.4
3.5
3.4
5.4
9,6
—6.6
2.0
6.0
—1.6
-1.5
16.1
28.8
-11.2
-14,6
0,6

1.8

-1.0
-0.8

45.2
44.5
43.1
40.4
36.6
39.5
39.6
35.8
34.2
36.1
35.0
34.0
36.9
46.5
38.3
34.7
29,0

TOTAL

PERCENTAGE CHANGE

952,4

1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.

CASH FLOW EXCLUDING U N R E A L I Z E D AND NONMONEY FARM

I

2.8

1,8

FLOW

FOR FAMILY

u s M n ! i . i " H 5

35.9
35.8
34.0
31.2
30.6
30.3
33.3
27.0
26.7
29.2
28.3
24.6
29.7
39,4
34,1
23,8
23,0

61.0
60.5
58.9
56,3
55,6
55,0
56.5
52.3
52,1
53,4
52,6
50,1
54,8
62.5
58.6
52,5
51,3

39.0
39,5
41,1
43,7
44,4
45,0
43.5
47.7
47.9
46,6
47,4
49,9
45,2
37.5
41.4
47.5
48.7

FARMERS

3.7
1.9
2.3
5.4

,

5 t ?

LIVING
,

s

ITEMS.

r&r&jrsrnssn

l t 3

TABLE

144

1001.1
INDEX

1
L

YEAR

9
9
9
9
9

1
1
1
1
1

0
1
2
3
4

.
.
.
.
.

|
|
|
|
|

1
1
1
1
1

9
9
9
9
9

1
1
1
1
1

5...
6...
7...
8...
9 . . .

|
|
|

.
.
.
.
.

1920.
1 9 2 1 .
1 9 2 2 .
1923.
1 9 2 4 .

.
.
.
.
.

1925...
1926...
1927...
1928...
1 9 2 9 . . .

|
|

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|
|
|

9
9
9
9
9

4
4
4
4
4

0 . . . |
1 . . . |
2...|
3...|
4...|

1

1

BY

FARMERS

FOR

FAMILY L I V I N G

CHANGE—

FROM P R E V I O U S
YEAR ( B A S E D ON
ANNUAL A V E R A G E S 1

1
|
YEAR

*****
0.0
1.0
0.0
2.0

1
1
1
1
1

9
9
9
9
9

4
4
4
4
4

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

*****
*****
*****
*****

.3
.7
.4
.8
.7

*****
*****
*****

*****

32
35
44
52
62

*****
*****

2.0
10.6
24.3
18.9
18.8

1
1
1
1
1

9
9
9
9
9

5
5
5
5
5

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

*****
*****
*****
*****
*****

70.8
50.9
47.5
48.4
48.4

*****
*****
*****
*****
*****

12.9
-28.1
-6.7
2.0
0.0

1
1
1
1
1

9
9
9
9
9

5
5
5
5
5

5
6
7
8
9

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

*****
*****
*****
*****
*****

50.0
49.1
48.1
48.4
47.8

*****
*****
*****
*****
*****

3
-1
-1
0
-1

.2
.9
.9
.6
.3

1
1
1
1
1

9
9
9
9
9

6
6
6
6
6

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

*****
*****
*****
*****
*****

44.7
38.5
32.9
33.5
37.9

*****
*****
*****
*****
*****

-6.5
-13.9
-14.5
1.9
13.0

1
1
1
1
1

965...|
966...1
967...|
968...|
969...|

*****
*****
*****

38.5
38.5
39.8
37.9
37.3

*****
*****
*****
*****
*****

1.6
0.0
3.2
- 4 . 7
—1. 6

19
19
19
19
19

0.8
15.6
12.1
8.9
4.1

0.8
7.4
14.6
11.4
5.4

1975...|
1976...|
1977...|

*****
*****
37.6
37.9
43.8
49.1
53.4

IS

EXTENDED




3
4
4
5
5

7
0
6
1
4

.
.
.
.
.

6
4
3
6
3

BEYOND

DECEMBER

1976

BY

REFERENCE

7
7
7
7
7

0
1
2
3
4

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

|
|
|
|
|

CHANGES

ITEMS

1967=100

1

1

1

1

1

1

IN

PERCENTAGE

CHANGE—

JANUARY

ANNUAL
AVERAGE

D U R I N G YEAR
(JANUARY-TOIAMI IAD V 1

55.6
57.8
71.1
78.6
77.0

56.5
62.7
73.6
78.0
75.5

3.9
23.1
10.5
- 2 . 0
-4.0

4.0
11.0
17.3
5.9
-3.2

73.9
80.7
84.2
83.5
83.5

76.4
83.2
84.2
83.5
83.9

9.2
4.2
-0.7
0.0
0.4

1.2
8.9
1.1
-0.7
0.4

83.9
83.9
86.3
88.5
89.1

83.9
85.1
87.6
89.1
89.4

0.0
3.0
2.5
0.7
0.7

0.0
1.5
2.9
1.8
0.3

89.8
90.4
91.0
92.2
92.5

90.1
90.4
91 .6
92.5
93.2

0.7
0.7
1.4
0.3
2.3

0.7
0.3
1.4
1.0
0.7

94.7
96.6
99.1
101.6
105.9

95.3
98.1
100.0
104.4
108.8

2.0
2.6
2.5
4.3
5.3

2.3
3.0
1.9
4.4
4.2

111.6
115.6
120.3
125.9
140.0

113.4
118.4
123.1
133.1
151.3

3.
4.
4.
11.
15.

161.3
171.9
182.2

166.6
175.9
*****

6.6
6.0
*****

1

1
1
1
TO PERCENTAGE

INDEX,

|

1

*****
*****
*****
*****
*****

1

INDEX

PAID

30.7
30.7
31.1
31.1
31.7

1 ...
THE

D U R I N G YEAR
(JANUARY-TO-

PRICES

*****
*****
*****
*****
*****

1

1

ANNUAL
AVERAGE

PERCENTAGE

- . JANVARX1.

1

|

1935...|
1936...|
1937...|
1 9 3 8 . . . |
1 9 3 9 . . . |
1
1
1
1
1

JANUARY

|

|
|
|
|
|

3
3
3
3
3

.
.
.
.
.

1
1
1

|

.
.
.
.
.

9
9
9
9
9

1967=100

|

1
1
1
1
1

1
1
1
1
1

INDEX,

OF

THE

BLS

CONSUMER

PRICE

6
1
7
2
2

INDEX

FROM P R E V I O U S

AYEAR
KU
fl 1( BIAAS E1D iONur n a r* r~ r*
ANNUAL A V E R A G E S )

4.
4.
4.
8.
13.

3
4
0
1
6

10.1
5.6
*****