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AGRICULTURAL
FINANCE
DATABOOK
N ovem ber 1979

A nnual Series, O utlook C onference Issue
Section
100

Outstanding D e b t..............................................................................

200

Lending Experience of Nonbank Institutions..................................20

i

400

Interest Ratos....................................................................................... 27

500

Balance Sheet, Assets, and Capital G a in s......................................... 20

600

Real Estate Market Developments...................................................... 53

700

Flow of F u n d s.....................................................................................63

800

Capital Expenditures, Consumption, andNet Investm ent.............. 71

900

Income, Expenses, and Cash F lo w ................................................... 81

1000

Consumer Price I n d e x ....................................................................... 99

Data shown for the year 1979 and for January I, 1980. are estimates
prepared by the U.S. Department of Agriculture for its Agricultural Outlook
Conference, November 5 8, 1979, except as noted inside front cover.

Em anuel M elichar
M artha W aldheger




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.

THE AGRICULTURAL FINANCE DATABOOK IS MAINTAINED BY THE AUTHORS FOR THEIR
USE IN ANALYSIS OF CURR£NT DEVELOPMENTS IN AGRICULTURAL FINANCE.
I T PROVIDES A
CONVENIENT COMPILATION OF THE MAJOR FINANCIAL SERIES AND ACCOUNTS AND PRESENTS
MANY ANALYTICAL RATIOS AND OTHER TRANSFORMATIONS OF THESE DATA.
THESE MEASURES
ARE THUS ALWAYS AT HAND TO PROVIDE HISTORICAL PERSPECTIVE AND ANALYTICAL IN ­
SIGHT USEFUL IN INTERPRETING CJRRENT DATA AND EVENTS.
SPECIAL DATABOOK FEATURES INCLUDE:
BALANCE SHEET DATA IN 1967 DOLLARS;
NET INVESTMENT AND CAPITAL GAINS IMPLICIT IN BALANCE SHEET DATA; A FLOW OF
FUNDS ACCOUNT BASED ON USDA BALANCE SHEET, CAPITAL EXPENDITURES, AND CAPITAL
CONSUMPTION DATA; AND SERIES SHOWING FARM CASH FLOW AND TOTAL FARM AND OFF-FARM
INCOME IN BOTH CURRENT AND 1967 DOLLARS.
IN ACCORDANCE WITH CURRENT USDA
PRACTICE, THE BLS CONSUMER PRICE INDEX IS NOW USED AS THE PRICE DEFLATOR WHEN
SERIES ARE SHOWN IN 1967 DOLLARS.
THE DATABOOK IS DESIGNED FOR ECONOMISTS FAMILIAR WITH THE SERIES SHOWN;
OTHERS SHOULD CONSULT THE SOURCES AND OTHER LITERATURE CITED FOR INFORMATION ON
THE D E F IN IT IO N S , USES, AND LIMITATIONS OF THE DATA.
FOR SEVERAL SECTIONS, ORI­
GINATING AGENCIES PROVIDED MORE D E T A IL , AND THEIR COOPERATION IS MUCH APPRECI­
ATED.
THE AUTHORS WELCOME SUGGESTIONS AND CORRECTIONS FROM READERS.
EXCEPT AS NOTECT BELOW, DATA SHOWN FOR THE YEAR 1979 AND FOR JANUARY 1, 1980,
ARE ESTIMATES PREPARED BY THE U . S . DEPARTMENT OF AGRICULTURE FOR I T S
AGRICULTURAL OUTLOOK CONFERENCE, NOVEMBER 5 - 8 , 1979.
SEE AuR I CULTURAL FINANf.F
QU1LQQ&* AFO—20, NOVEMBER 1979, AND CONFERENCE PAPERS ON "FARM INCOME AND
FINANCIAL CONDITIONS," BY GEORGE HOFFMAN, AND "AGRICULTURAL FINANCE OUTLOOK,"
BY DEAN W. HUGHES.
THE FOLLOWING DATA FOR 1979 WERE ESTIMATED BY THE AUTHORS IN ORDER TO COMPLETE
THE FLOW-OF-FUNDS ACCOUNT IN SECTION 710:
( 1 ) VALUE OF REAL ESTATE TRANSFERS;
(21 CAPITAL EXPENDITURES AND CAPITAL CONSUMPTION ALLOWANCES FOR "BUILDINGS
AND LAND IMPROVEMENTS" AND "MACHINERY" (ALSO SHOWN IN SECTION 8 0 0 ) ;
( 3 ) NET ADDITIONS TO INVENTORIES OF LIVESTOCK AND STORED CROPS.
THE FOLLOWING ADDITIONAL DATA FOR 1979 WERE ALSO ESTIMATED IN ORDER TO COMPLETE
THE INCOME ACCOUNTS IN SECTION 900 (WHICH ARE ALSO THE SOURCE OF THE FARM
INCOME AND CASH FLOW SERIES SHOWN IN SECTIONS 500 AND 7 0 0 ) :
( 1 ) NONFARM INCOME OF THE FARM POPULATION;
( 2 ) OFF-FARM INCOME OF FARM OPERATOR F A M IL IE S;
( 3 ) FARM INCOME DETAIL IN SECTION 920 (OTHER THAN "MARKETINGS") AND
PRODUCTION EXPENSE DETAIL IN SECTION 930 (THESE ESTIMATES REFLECT MINOR
ADJUSTMENTS TO PROJECTIONS PROVIDED BY THE USDA).
VALUES OF THE CONSUMER PRICE INDEX FOR THE 1979 ANNUAL AVERAGE AND FOR JANUARY
1980 WERE ESTIMATED AS SHOWN IN TABLE 1001.1 FGR USE IN CALCULATING THE
CONSTANT-DOLLAR SERIES IN SECTIONS 500 AND 900, AS WELL AS THE IM P LI CI T REAL
CAPITAL GAINS SERIES IN TABLE 5 4 4 . 1 .




AGRICULTURAL FINANCE DATABOOK— ANNUAL SERIES

100

NOVEMBER 1979

OUTSTANDING FARM DEBT

110

TOTAL DEBT

111

JANUARY 1,

111.1
111.2
111.3
11 1.4
1 11 .5
120

1940-DATE

AMOUNTS.............................................................................................................................................2
CHANGE DURING YEAR.................................................................................................................. 3
PERCENTAGE CHANGE DURING YEAR.........................................................................................4
PERCENTAGE D IS T R IB U T IO N , INCLUDING CCC LOANS.................................................... 5
PERCENTAGE D IS T R I B U T IO N , EXCLUDING CCC LOANS.................................................... 6

REAL ESTATE DEBT

121

JANUARY 1,

121.1
121.2
121.3
12 1.4
121.5
12 1.6
130

1910-DATE (EXCEPT AS NOTED)

AMOUNTS.............................................................................................................................................7
CHANGE DURING YEAR...................................................................................................................8
PERCENTAGE CHANGE DURING YEAR.........................................................................................9
PERCENTAGE D IS T R I B U T IO N .....................................................................................................10
PERCENTAGE OF TOTAL DEBT INCLUDING CCC LOANS, 19 40 -D AT E ........................ 11
PERCENTAGE OF TOTAL DEBT EXCLUDING CCC LOANS, 19 40 -D AT E........................ 12

NON-REAL-ESTATE DEBT

131

JANUARY 1,

131.1
131.2
131.3
13 1.4
131.5
131.6
131.7

SOURCE:

1940-DATE

AMOUNTS .................................

13
CHANGE DURING YEAR................................................................................................................ 14
PERCENTAGE CHANGE DURING YEAR...................................................................................... 15
PERCENTAGE D I S T R I B U T IO N , INCLUDING CCC LOANS.................................................. 16
PERCENTAGE D IS T R I B U T IO N , EXCLUDING CCC LOANS.................................................. 17
PERCENTAGE OF TOTAL DEBT INCLUDING CCC LOANS...................................................18
PERCENTAGE OF TOTAL DEBT EXCLUDING CCC LOANS.................................................. 19

AGRICULTURAL. FINANCE.SIAIlSIiCS*
ECONOMICS* S T A T I S T I C S , AND COOPERATIVES SERVICE,
U . S . DEPARTMENT OF AGRICULTURE.




1

2
TABLE 111.1




YEAR

OUTSTANDING FARM DEBTt JANUARY 1
AMOUNTS IN MILLIONS OF DOLLARS
1
1
1
1
1
1
1

1 9 4 0...
1 9 4 1...
1 94 2... ..1
1 9 4 3...
1 94 4...
194 5...
1 94 6...
1 94 7... ..1
194 8...
1 9 4 9... ..1
1
1 9 5 0...
1 9 5 1... • • I
195 2...
1 9 5 3...
195 4...
1 95 5... ..1
1 9 5 6... ..1
195 7...
1 95 8...
195 9...
fI
196 0...
1 96 1... ..1
1962 . . .
1 9 6 3...
1 9 6 4 ...
1 96 5...
196 6...
1 96 7...
196 8...
196 9...
1
1
197 0...
1 9 7 1... ..1
1 97 2...
1 9 7 3...
197 4...
197 5...
1 97 6...
1 97 7...
197 8.... . . 1
1 97 9...
1
L
1 98 0...
_L_

DEBT INCLUDING
CCC LOANS
TOTAL

CCC
LOANS

10036.
10470.
10469.
990 1.
8873.
83*3.
7906.
8413.
9238.
11370.

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

1
I
1
1
1
|
1
1
1
1
1
1
1
1
1
1
1

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

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

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

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

53026.
54484.
59114.
65345.
74137.
81832.
90832.
102635.
119273.
137472.

2676.
1876.
2262.
1793.
750 .
319.
358.
4489.
5242.

157862.

45G0 •

DEBT EXCLUDING CCC LOANS
TOTAL

BANKS

COOPERATIVE
LI FE
FARM
INSURANCE
CREDIT
COMPANIES
SYSIEM. _ _

FARMERS
HOME
ADMINIS­
TRATION

INDIVIDUALS
AND
OTHERS

9590.
9841.
9859.
9129.
8284.
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.
1036.

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

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

1
1
1
1
1
1
1
1
1
1

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

2981.
3510.
4138.
4264.
3855.
4095.
4584.
457 8.
4921.
556.8.

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.
611 6.
649 0.
627 6.
658 4.
7062.
7352.
7870.
8669.

i
i
i
i
i
i

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.
42 88.
4802.
5214.
5540.
5764.

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

9588.
9982.
10495.
11504.
12613.
13548.
14990.
15866.
16205.
16005.

50350.
52608.
56852.
635 52 .
73387.
81514.
90474.
101621•
114784.
132230.

13875.
14874.
16717.
19107.
22625.
24204.
26456.
30064.
33490.
36830.

11384.
12660.
14195.
15909.
19062.
23296.
27073.
31055.
35273.
40144.

5734.
5610.
5564.
5643.
5965.
6297.
6726.
74 QO.
8819.
10166.

3065.
3235.
3389.
3616.
3891.
4259.
5141.
5535.
7123.
99 01.

16293.
16228.
16987.
19277.
21845.
23458.
25078.
275 66 .
30079.
35 187.

153362.

39372.

47760.

11900.

14300.

40 0 30 .

a
1

1012.

i

i
i
i

1
1
i
i
i
i
i
\
i
i
ti
i
i
___L

TABLE 111.2

3

OUTSTANDING FARM DEBT
CHANGE DURING YEAR IN MILLIONS OF DOLLARS
DEBT INCLUDING
CCC LOANS

1
1
1
|
1

DEBT EXCLUDING CCC LOANS

1
I
1
1
1

TOTAL

CCC
LOANS

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

I
1
|
|
|
I
I
J
I
|

435.
-1 .
-5 68 .
-1028.
-5 30 .
-4 3 7 .
507.
825.
2132.
1084.

184.
-1 9.
163.
-1 83.
94 .
-4 06 .
-2 1 2 .
19.
1068.
569.

251.
18.
-730.
-845.
-623.
-3 2.
719.
807.
1064.
514.

93.
81.
-2 07 .
-17.
14.
143.
431.
461.
410.
137.

-8 2 .
-124 .
-275.
-3 9 6 .
-3 43 .
-238 .
-1 56.
-6 3 .
45.
34.

32.
47.
-20.
-56.
-4 8 .
-4 7 .
-3 .
71.
77.
136.

76.
76.
84.
9.
-4 7 .
-51.
-5 .
-2 4 .
-29.
9.

131.
-61.
-3 1 2 .
-3 84.
-1 9 9 .
161.
4 52 .
361.
56i .
198.

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

|
|
|
|
I
|
I
|
I
I

596.
1594.
1456.
834.
728.
1132.
551.
1067.
3238.
1126.

-9 10 .
-2 23 .
596.
1206.
-1 71 .
-3 49 .
-3 08 .
-3 48 .
1259.
-1 30 8.

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

530.
627 .
127.
-4 10 .
241.
489.
-6 .
343.
647.
774.

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

180.
189.
174.
177.
159.
220.
205.
102.
82.
158.

38.
8.
73.
60.
67.
23.
75.
83.
37.
60.

657 .
830.
375.
-2 14 .
308.
478.
290.
518.
799.
919.

1960.......... |
1961.......... |
1962».......... I
1963.......... |
1964.......... |
1965.......... |
1966........... |
1967.......... |
1968.......... I
1969.......... 1

1404.
2287.
2921.
2999.
2417.
3854.
3370.
3369.
3059.
2571.

225.
476.
189.
-1 29 .
-3 8 3 .
-1 35.
-2 52 .
263.
1251.
5.

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

241.
373.
893.
939 .
618.
878.
1019.
1029.
721.
822.

321.
435.
431.
540.
576.
870.
1128.
1170.
83 0.
1297.

155.
187.
229.
389.
507.
514.
412.
326.
224.
-30.

69.
302.
170.
151.
164.
286.
186.
242.
234.
189.

394.
513.
1009.
1109.
935.
1442.
876.
3 39 .
-2 00 .
288.

1458.
4630.
6231.
8792.
7695.
9000.
11800.
16641.
18199.
20390.

-8 00 .
386.
-4 6 9 .
-1 04 3.
-« 2 .
39.
654.
3477.
753.
-7 42 .

2257.
4244.
6700.
9835.
8127.
8960.
11146.
13163.
17446.
21132.

999.
1843.
2390.
3518.
1579.
2252.
3608.
3426.
3340.
2542.

1276.
1534.
1714.
3153.
4234.
3778.
3982.
4218.
4871.
7616.

-1 24.
-4 6 .
79.
322.
333.
429.
674.
1419.
1349.
1732.

17 0.
154.
227.
275.
369.
882.
394.
1588.
2778.
4399.

-6 5 .
759.
2290.
2568.
1613.
1621.
2488.
2513.
5108.
484 3.

YEAR

TOTAL

BANKS

COOPERATIVE
LIF E
FARM
INSURANCE
CREDIT
COMPANIES

FARMERS
HOME
ADMINIS-

INDIVIDUALS
AND
OTHERS

_L________________________ SXSIEM________________ 1BAI10N.

1970..........
1971..........
1972..........
1973...........
1974..........
1975..........
1976..........
1977..........
1978..........
1979..........

I
|
|
|
I
|
(
|
I
|




4
TABLE 111.3




OUTSTANDING FARM DEBT
PERCENTAGE CHANGE DURING YEAR
|
|

DEBT EXCLUDING CCC LOANS

DEBT INCLUDING
CCC LOANS

YEAR

COOPERATIVE
LI F E
FARM
INSURANCE
CREDIT
COMPANIES
SYSTEM

FARMERS
HOME
ADMINIS­
TRATION

INDIVIDUALS
AND
OTHERS

|
|

CCC
LOANS

TOTAL

BANKS

TOTAL

1940..........
1941..........
1942..........
1943..........
1944...........
1945..........
1946 ..........
1947..........
19 48 ..........
1949...........

1
|
|
|
|
|
I
|
j
|

4.3
-0 .0
-5 .4
-1 0 .4
-6 .0
-5 .2
6.4
9 .8
23.1
9 .5

4 1 .4
-3 .1
2 6. 6
-2 3 .7
15.9
-5 9 .4
-7 6 .6
28 .8
1278.6
49.4

2 .6
0 .2
-7 .4
-9 .3
-7 .5
-0 .4
9 .4
9.7
11 .6
5 .0

6 .5
5 .3
-1 2.9
-1 .2
1 .0
10.2
2 8.0
2 3 .4
16.8
4.8

-2 .7
-4 .3
-9 .8
-1 5 .7
-1 6.1
-1 3 .4
-1 0 .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

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

3 .5
-1 .6
-8 .2
-1 1.1
-6 .4
5.6
14.8
10.3
14.5
4 .5

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

|
|
|
1
1
|
I
I
|
I

4.8
12.2
9 .9
5. 2
4 .3
6 .4
2 .9
5.5
15.9
4.8

-5 2 .8
-2 7 .5
101.3
101.9
-7 .1
-1 5 .7
-1 6 .4
-2 2 .3
103.6
-5 2 .9

1 4.0
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
1 3.5
14.9
14 .5
1 6. 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

1960..........
1961...........
1962...........
1 9 6 3 .... .
1964 ..........
1965..........
1966 ...........
1967..........
1968..........
1969...........

1
j
I
|
1
I
|
1
I
1

5 .7
8 .7
10.3
9 .6
7.0
1 0.5
8. 3
7 .7
6.5
5. 1

19.3
3 4. 2
10.1
-6 .3
-1 9 .9
-8 .7
-1 7 .9
2 2.8
88.1
0 .2

5.0
7 .3
10.3
1 0.7
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
1 0.6
9.5
1 0 .9
10.4
1 4.3
1 6.2
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

1970.......... I
1971.......... |
1972.......... I
1973 .......... |
1974........... I
1975 .......... |
1976 ........... 1
1977.......... |
1978 .......... I
1979........... I

2.7
8 .5
10.5
13.5
1 0. 4
11.0
13.0
16.2
15.3
14.8

-2 9 .*
20 .6
-2 0.7
-5 8 .2
-5 7 .6
12.3
182.8
34 3.7
16.8
-1 4 .2

4 .5
8. 1
11.8
15.5
11.1
11.0
12.3
13 .0
15.2
16.0

7 .2
12.4
14.3
18.4
7.0
9 .3
13.6
1 1. 4
1 0.0
6.9

11.2
12. 1
12. 1
1 9. 8
2 2.2
16.2
1 4.7
1 3.6
1 3.8
19 .0

-2 .2
-0 .8
1.4
5 .7
5.6
6.8
10.0
19.2
15.3
17.0

5 .6
4.8
6.7
7 .6
9. 5
2 0. 7
7. 7
2 8 .7
3 9.0
4 4 .4

-0 .4
4.7
13.5
13.3
7.4
6.9
9 .9
9 .1
1 7.0
13.8

TABLE 111.4

5
OUTSTANDING FARM DEBT, JANUARY 1
PERCENTAGE OF TOTAL (INCLUDING CCC LOANS)
1
1
1.
1
1

DEBT INCLUDING
CCC LOANS
TOTAL

CCC
LOANS

1
1
1
I
1

.1
.1

100.0
100.0
100.0
100.0
10 0.0
100.0
10 0.0
100.0
10 0.0
10 0.0

4.4
6.0
5 .8
7 .8
6.6
8 .2
3 .5
0 .8
0.9
10.1

1 9 5 0 . . . . .1
1 9 5 1 . . . . .1
1 9 5 2 . . . . .1
1 9 5 3 . . . . .1
1 9 5 4 . . . . . .i
1955...........1
1 9 5 6 . . . . . .1
1 9 5 7 . . . . . .1
1 9 5 8 . . . . , .1
1 9 5 9 . . . . . .1

100.0
100.0
10 0.0
100.0
100.0
100.0
10 0.0
1 00 .0
10 0.0
1 0 0 .0

1 3.8
6 .2
4 .0
7.4
14.1
1 2.6
10.0
8.1
6.0
10.5

YEAR

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

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

10 0.0
1960..........,<
1961...........1
10 0.0
10 0.0
1962........... |
1963..........,1
100.0
1964...........1
10 0.0
1 9 6 5 . . . . . .1
100.0
1 9 6 6 . . . . . .1
100.0
1 9 6 7 . . . . . .1
100.0
loo.o
1968.......... , t
1 9 6 9 . . . . , .1
100.0
1
1 9 7 0 . . . . . .1
100.0
1971...........1
100.0
1972...........1
100.0
1 9 7 3 . . . . . »!
100.0
1 9 7 4 . . . . . .1
10 0.0
1 9 7 5 . . . . , .1
100.0
1 9 7 6 . . . . , .1
10 0.0
1 9 7 7 . . . . , ►l
10 0 .0
1978...........1
100.0
1 9 7 9 . . . . , .1
10 0. 0
1
1 9 8 0 . . . . . .1
100.0
A ______________




4.7
5 .3
6 .6
6.5
5 .6
4 .2
3 .5
2.6
3 .0
5 .3
5.0
3 .4
3 .8
2 .7
1. 0
0.4
0.4
1 .0
3 .8
3 .8
2.9

DEBT EXCLUDING CCC LOANS
COOPERATIVE
LI FE
FARM
INSURANCE
CREDIT
COMPANIES

FARMERS
HOME
AD MINIS-

INDIVIDUALS
AND
OTHERS

TOTAL

BANKS

1
1
1
1
1
1
1
1
1
1

9 5 .6
9 4 .0
9 4 .2
92 .2
9 3. 4
9 1.8
9 6. 5
9 9. 2
9 9. 1
8 9 .9

14.3
14.6
15.4
14.1
15.6
16.8
19.5
2 3. 4
2 6.3
2 5. 0

2 9 .9
2 7 .9
2 6. 7
2 5 .4
2 3 .9
2 1 .3
19.5
16 .5
14.3
1 2.0

9.8
9. 7
10.2
10.5
11.1
11.2
11.3
10.6
1 0.4
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
3 4. 9
3 4 .7
3 8 .7
4 1 .7
4 1 .9
3 9 .0

1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1

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

2 3. 9
2 6. 9
28 .3
2 6. 5
2 2 .8
23 .2
2 4 .4
2 3.7
24.1
2 3. 5

11.3
11.5
1 1 .4
11 .0
10.6
10.8
11.6
1 2. 8
1 4. 0
1 3. 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
4 0 .5
4 1 .8
4 0 .3
3 7.1
37.3
3 7. 6
3 8 .0
3 8. 6
3 6 .7

9 5 .3
9 4 .7
9 3 .4
9 3 .5
9 4 .4
9 5. 8
9 6 .5
9 7 .4
9 7 .0
94.7

2 5. 6
25.1
2 4 .4
2 5.0
2 5. 6
2 5. 6
2 5.3
2 5. 7
2 6 .0
2 5 .9

15.3
1 5 .7
1 6 .0
1 5. 8
1 6. 0
16.5
17.1
1 8.4
19 .5
2 0 .0

11.4
11.4
11.1
10.8
1 1.0
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

3 8 .7
38.1
3 6. 9
3 6 .7
3 6 .7
3 6 .8
3 6 .9
3 6 .0
34.2
31 .7

1
1
1
1
1
1

9 5 .0
9 6. 6
9 6. 2
9 7 .3
99.0
9 9 .6
9 9 .6
99.0
9 6. 2
9 6. 2

26 .2
2 7. 3
2 8. 3
29.2
30.5
2 9.6
29.1
2 9 .3
28 .1
2 6. 8

2 1 .5
2 3.2
2 4 .0
2 4 .3
2 5 .7
2 8 .5
2 9 .8
3 0. 3
2 9 .6
2 9. 2

10.8
10.3
9 .4
8 .6
8 .0
7 .7
7 .4
7 .2
7. 4
7 .4

5.8
5 .9
5. 7
5 .5
5 .2
5 .2
5 .7
5 .4
6.0
7 .2

3 0 .7
2 9 .8
2 8.7
2 9 .5
2 9. 5
2 8 .7
2 7 .6
2 6 .9
2 5.2
2 5. 6

9 7.1

2 4. 9

3 0 .3

7 .5

9 .1

2 5 .4

i

1
1
1
1
I
1

_______________ I&AI1QM.




6
TABLE 111.5

YEAR

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

OUTSTANDING FARM DEBT EXCLUDING CCC LOANS, JANUARY 1
PERCENTAGE OF TOTAL (EXCLUDING CCC LOANS)
1
I
1
1
1
.1
.1
.1
.1
1
.1
.1
.i
.1
1

1950. . . . .1
1 9 5 1 . . . . .1
1 9 5 2 .... !
1 9 5 3 . . . . . .1
1 9 5 4 . . . . . .1
1 9 5 5 . . . . . .1
1 9 5 6 . . . . . .1
1 9 5 7 . . . . . .1
1 9 5 8 . . . . . .1
1959.......... . i
1
I 9 6 0 . . . . , >1
1961 ........... 1
1962.......... .1
1963 .......... .1
1964.......... .1
1965.......... .1
1966.......... ,\
1967.......... >1
1 9 6 8 . . . . . .1
1969.......... .1
1
1 9 7 0 . . . . . .1
1971........... |
1 9 7 2 ...... 1
1 9 7 3 . . . . . .1
1974 ........... 1
1 9 7 5 . . . . . .1
1976 ...........1
1 9 7 7 . . . . . .1
1 9 7 8 . . . . . .1
1979 .......... .1
1
1980 ..........>1

LIFE
COOPERATIVE
FARM
INSURANCE
CREDIT
COMPANIES
SYSTEM

FARMERS
HOME
ADMINIS­
TRATION

INDIVIDUALS
AND
OTHERS

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
8 .5
7 .8
7 .1
6 .2
5 .3

38.8
39.1
38 .4
38.1
37.4
37.8
40. 1
4 2 .0
42.3
4 3. 4

13.1
12 .3
11.9
1 1. 9
12.3
1 2.4
1 2. 9
1 4. 0
14 .8
1 5. 4

10.9
11.1
11.0
1 1.5
1 3.0
13.3
1 3.4
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
4 3.5
43 .5
43.2
4 2. 6
41.7
41.3
4 1.0
4 0.9

2 6 .9
2 6. 6
2 6.2
2 6.8
27.1
2 6. 7
2 6.2
2 6 .4
2 6 .8
2 7.3

1 6 .0
1 6.6
17.1
1 7. 0
1 7. 0
17.3
17.7
1 8. 9
20. 1
2 1 .1

11.9
1 2.0
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

4 0.6
40 .3
39.5
39.2
38.9
38 .4
38.2
37 .0
35.2
33.5

100.0
10 0.0
100.0
10 0.0
100.0
10 0.0
10 0.0
100.0
10 0.0
100.0

2 7 .6
2 8.3
2 9 .4
30.1
3 0 .8
2 9. 7
29 .2
2 9 .6
2 9 .2
2 7 .9

2 2 .6
24.1
2 5 .0
2 5 .0
2 6 .0
2 8 .6
2 9 .9
3 0 .6
3 0 .7
3 0 .4

11.4
10.7
9.8
8 .9
8.1
7 .7
7.4
7.3
7.7
7 .7

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

3 2. 4
3 0.8
2 9.9
30.3
29.8
2 8.8
27.7
27.1
26.2
26 .6

10 0.0

2 5 .7

31 .1

7 .8

9 .3

26.1

TOTAL

BANKS

100.0
10 0.0
10 0.0
10 0.0
10 0.0
10 0.0
10 0.0
10 0.0
1 00 .0
100.0

15.0
15.5
16.3
15.3
16.7
18.3
2 0.2
2 3. 6
2 6 .6
2 7. 8

3 1. 3
2 9 .7
2 8 .3
2 7 .6
2 5. 6
2 3.2
2 0 .2
16.6
1 4.5
1 3. 4

100.0
10 0.0
10 0. 0
1 00 .0
10 0.0
10 0.0
10 0.0
10 0 .0
10 0.0
100.0

2 7.8
2 8. 7
2 9 .4
2 8.6
2 6. 5
2 6. 5
27.1
2 5 .7
2 5. 6
2 6 .3

10 0.0
1 00 .0
10 0.0
100.0
100.0
10 0.0
10 0.0
100.0
100.0
100.0

TABLE 121.1

7

OUTSTANDING FARM REAL ESTATE DEBT» JANUARY 1
AMOUNTS IN MILLIONS OF DOLLARS

YEAR

TOTAL

1

BANKS

1
1
1
1
1
|

COOPERATIVE FARM CREDIT SYSTEM
FEDERAL
LAND
BANKS

TOTAL

\

FEDERAL
JO IN TFARM
STOCK
MORTGAGE
LAND
CORPORATION___ B AN K S .

LIFE
1\ FARMERS | INDIVIDUALS
AND
INSURANCE! 1
HOME
!
COMPANIES! 1 ADMINIS- | OTHERS
|
TRATION
|
1
....... 11
1

******
******
******
******
******
******
******
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39.
156.

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

******

******
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2.
8.

387.
423.
480.
550.
597.
670.
766.
861.
956.
1018.

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

2415.
2621.
2870.
3124.
3386.
3575.
3715.
4031.
4532.
4924.

294.
639 .
798.
923.
999.
1069.
1145.
1183.

******
******
******
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6 0.
78.
85.
219.
393.
446.
546.
632.
670.
657.

975.
1206.
1432.
1556.
1792.
1943.
2030.
2124.
2173.
2139.

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******
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******
******
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5916.
7140.
7212.
6865.
6294.
5400.
4960.
4690.
4672.
4732.

1840.
1803.
1733.
1622.
1741.
2841.
3108.
3152.
3084.
2978.

1202.
1197.
1181.
1147.
1258.
1947.
2114.
2148.
2127.
2088.

******
******
******
******
71.
617.
794.
841.
824.
774.

638.
606.
552.
475.
412.
277.
201.
163.
134.
115.

2118.
2087.
2037.
1898.
1698.
1302.
1112.
1016.
989.
983.

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

467 5.
456 1.
4384.
4057.
3536.
2943.
2715.
2499.
2381.
2289.

534.
543.
535.
477.
44 8.
45 0.
507.
683.
841.
898.

2815.
2716.
2572.
2299.
1893.
1562.
1322.
1125.
997.
947.

2010.
1957.
1881.
1718.
1453.
1210.
1079.
977.
889.
868 .

713.
685.
635.
544.
430.
347.
239 .
147.
107.
78.

92.
73.
56 .
37 .
10.
5.

984.
1016.
1063.
1043.
987.
938.
891.
889.
960.
1036.

32 .
6 6.
116.
159.
174.
196.
184.
192.
198.
197.

2221.
2152.
2090.
1979.
1894.
1795.
1856. •
2008.
2069.
2211.

5579.
6112.
6662.
7241.
7740.
8245.
9012.
9822.
10382.
11091.

932.
986.
1017.
1069.
1092.
1161.
1275.
1298.
1316.
1408.

965 .
991.
1027.
1095.
1187.
1280.
1480.
1722.
1897.
2065.

906.
947.
994.
1071.
1169.
1267.
1480.
1722.
1897.
2065.

59.
44 .

******

33.

******

24.
18.
13.
******
******
******
******

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

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

202.
25 7.
2 91 .
330.
35 2.
3 78 .
4 13 .
4 63 .
541 .
608.

2308.
2526.
278 6.
3030.
3216.
3374.
357 2.
3862.
405 0.
434 9.

I9 6 0 ....
1 9 6 1 ....
1 9 6 2 ....
1 9 6 3 ....
1 9 6 4 ....
1 9 6 5 ....
1 9 6 6 ....
1 9 6 7 ....
1 9 6 8 ....
1969.• ..

12082.
12820.
13899.
15168.
16804.
18894.
21187.
23077.
25142.
27397.

1523.
1592.
1641.
1870.
2137.
2417.
2607.
2770.
3061.

2335.
2539.
2803.
3024.
3282.
3687.
4240.
4915.
5563.
6081.

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

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

2820.
2975.
3162.
3391.
3781.
4288.
4802.
5214.
5540.
5764.

6 76 .
723 .
9 48 .
1058.

3333.

2335.
2539.
2803.
3024.
3282.
3687.
4240.
4915.
5563.
6081.

1285.
1497.
1663.
1844.
2054.

4728.
4992.
5345.
5824.
643 3.
7 21 8.'
8040.
851 6.
913 5.
10165.

1 9 7 0 ....
1 9 7 1 ....
1 9 7 2 ....
1 9 7 3 ....
1 9 7 4 ....
1 9 7 5 ....
1 9 7 6 . ...
1977 ....
1 9 7 8 ....
1 9 7 9 ....

29183.
30346.
32208.
35758.
41253.
46288.
51069.
56560.
63642.
72232.

3545.
3772.
4218.
4792.
5458.
596 6.
6296.
6781.
7781.
8557.

6671.
7145.
7880.
9050.
10901.
13402.
15950.
18455.
21391.
24619.

6671.
7145.
7880.
9050.
10901.
13402.
15950.
18455.
21391.
24619.

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

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

5734.
5610.
5564.
5643.
5965.
6297.
6726.
7400.
8819.
10168.

2280.
244 0.
2618.
283 5.
3013.
32 15 .
336 9.
3658.
39 82.
41 21 .

10953.
11378.
11927.
13437.
15915.
17408.
18728.
20 26 6.
21669.
24767.

1 9 8 0 . ...

83122.

8972.

29540.

29540.

******

11900.

44 00 .

28310.

1 9 1 0 ....
1 91 1....
1 9 1 2 ....
1 91 3 ....
1914.•••
1 9 1 5 ....
1 91 6 ....
1 9 1 7 ....
1 91 8 ....
1 91 9....

3208.
3522.
3930.
4348.
4707.
4991.
5256.
5826.
6537.
7137.

406.
478.
580.
674.
724.
746.
776.
934.
1008.
1030.

******
******
******
******
******
******
******
******
41.

1920. . . .
1 9 2 1 ....
1 9 2 2 ....
1 9 2 3 ....
1 9 2 4 ....
1 9 2 5 ....
1 9 2 6 ....
1 9 2 7 ....
1 92 8....
1 9 2 9 ....

8449.
10221.
10702.
10786.
10665.
9913.
9713.
9658.
9757.
9757.

1204.
1447.
1540.
1506.
1388.
1178.
1144.
1097.
1047.

354.
428.
518.
858.
1190.
1370.
1544.
1701.
1815.
1839.

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

9631.
9398 «.
9094.
8466.
7685.
7584.
7423.
7154.
6955.
6779.

997.
947*
940.
889.
711.
499.
488.
488.
501.
519.

1 9 4 0 ....
1 9 4 1 ....
1942 . . . .
1 9 4 3 ....
1 9 4 4 ....
1 9 4 5 ....
1 9 4 6 ....
1 9 4 7 ....
1 9 4 8 ....
1 94 9....

6586.
6494.
6376.
5956.
5396.
4941.
4760.
4897.
5064.
5288.

1 9 5 0 ....
1 9 5 1 ....
1 9 5 2 ....
1 9 5 3 ....
1 95 4....
1 9 5 5 ....
1 9 5 6 ....
1 9 5 7 ....
1 9 5 8 ....
1 9 5 9 ....

-J----------




1200.

165.

350.

433.

•

******

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

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

3.

2.
1.
0.
0.

******

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

1171.

TABLE 121.2

OUTSTANDING FARM REAL ESTATE DEBT
CHANGE DURING YEAR IN MILLIONS OF DOLLARS
I
1
1
1
1
|
1

YEAR

TOTAL

|

BANKS

1
1.
1
1
1
|

COOPERATIVE FARM CREDIT SYSTEM
TOTAL

FEDERAL
LAND
BANKS

FEDERAL
FARM
MURTGAGE
CORPORATION

JO IN TSTOCK
LAND
BANKS .

1
LIFE
| FARMERS
HOME
INSURANC El
COMPANI ESI ADMINIS­
TRATION
1

I INDIVIDUALS
I
AND
I
OTHERS
1

314.
408.
418.
360.
283.
266.
569.
711.
601.
1311.

71.
103.
93.
50.
22.
30.
158.
75.
22.
174.

******
******
******
******
******
******
******
41 .
124.
189.

******
******
******
******
******
******
******
39.
117.
137.

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

******
******
******
******
******
******
******
2.
6.
52.

36.
56.
71 .
4 7.
73.
96 .
96.
94 .
63.
-43.

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

206.
249.
254.
262.
189.
140.
316 .
501.
393.
992.

1 9 2 0 ...
1 92 1...
1 92 2... ..1
1 92 3...
1 92 4...
1 9 2 5 ... ..1
1 9 2 6 ...
1 9 2 7 ...
1 9 2 8 ...
1 9 2 9 ...

1772.
481.
83.
-1 21 .
-7 52 .
-1 99 .
-5 5 .
99.
-0 .
-1 26.

243.
93.
-34.
-1 18 .
-188.
-2 2.
-35.
-47.
-5 0.
-4 9 .

74.
90.
341.
332.
179.
175.
157.
114.
25.
0.

56.
83.
207.
158.
125.
75 .
70.
76.
38.
19.

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

18.
7.
134.
174.
54.
99.
87.
37.
-1 3.
-19.

231.
227.
124.
236.
150.
88.
93.
4 9.
-34.
-2 1.

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

1224.
72.
-3 48 .
-5 70.
-8 94 .
-4 4 0 .
-2 70 .
-18.
59.
-5 6.

1 9 3 0 ...
1931 . . .
1 93 2...
1 9 3 3 ...
1 93 4...
1 93 5...
1 9 3 6...
1 9 3 7 ...
1 9 3 8 ...
1 9 3 9 ...

-2 33 .
-3 04 .
-6 28 .
-7 81.
-1 01 .
-1 6 2 .
-2 6 9 .
-1 99 .
-1 76 .
-1 93 .

-5 1.
-7 .
-5 1.
-1 7 8 .
-2 12 .
-1 1 .
0.
14.
18.
15.

-37.
-7 0 .
-111 .
119.
1100.
267.
44.
-67.
-1 06 .
-163.

-5 .
-16.
-3 4 .
111.
690.
166.
34.
-2 1.
-3 8 .
-79.

******
******
******
71.
546.
177.
47 .
-17.

-32.
-5 4.
-7 7 •
-6 3 .
-1 35.
-7 6 .
-38.
-29.
-1 9 .
-2 3.

-31.
-5 0 .
-1 38 .
-2 01.
-3 9 6 .
-1 89 .
-9 7.
-2 7.
-6 .
1.

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

-1 14 .
-1 77 .
-3 27 .
-5 21.
-5 93 .
-2 2 8 .
-2 16 .
-1 1 8 .
-9 2.
-6 8 .

-9 3 .
-1 17 .
-4 2 0 .
-5 61.
-4 5 5 .
-1 80.
137.
167.
224.
291.

9.
-8 .
-5 9 .
-2 8.
1.
58.
176.
157.
57.
34.

-9 9.
-1 44 .
-272.
-4 0 6 .
-330.
-241.
-1 97 .
-128 .
-5 0 .
18.

-5 3 .
-7 6 .
-1 63 .
-2 65.
-2 43 .
-1 31.
-1 02.
-8 8 .
-2 1 .
38.

-2 8.
-5 0.
-9 1.
-1 1 4 .
-82.
-1 08.
-9 3 .
-4 0 .
-2 9.
-19.

-1 8 .
-1 8.
-1 9 .
-2 7.
-5 .
-2 .
-2 .
-1 .
-0 .
-0 .

32.
47.
-2 0 .
-5 6.
-48.
-4 7.
-3 .
71.
77.
136.

34.
50.
4 3.
15.
22.
-1 1 .
8.
6.
-1 .
5.

-6 9.
-6 1 .
-112.
-8 4.
-9 9 .
6 1.
152.
6 1.
141.
98 .

533.
550.
579.
4 99 .
505.
767.
810.
561.
709.
991.

54.
31.
52.
23.
69.
114.
23.
17.
9 2.
116.

26.
35.
68.
92.
9 3.
200.
242.
175.
168.
270.

41 .
4 7.
77.
98.
98 .
213.
242.
175.
168.
270.

-1 5.
-1 1.
-9 .

-0 .

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

******

180.
189.
174.
177.
159.
220 .
205.
102.
82.
158.

55.
34 .
40.
22.
26.
35.
50.
78 .
6 7.
68.

217.
260.
245.
186.
158.
198.
290.
188.
299.
379.

738.
1079.
1269.
1636.
2091.
2293.
1890.
2065.
22 55 .
1785.

69.
49.
229.
266.
280.
191.
163.
291.
273.
212.

204.
264.
221.
258.
405.
553.
674.
649.
518.
590.

204 .
264.
221.
258.
405.
553.
674.
649.
518.
590.

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

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

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

4 7.
225.
110.
113 .
114.
212.
166.
181.
210.
2 25 .

264.
353.
479.
609 .
785.
822.
476 .
619.
1030.
788.

1163.
1862.
3550.
5495.
5036.
4781.
5491.
7082.
8590.
10890.

227.
446 .
574.
666.
508.
330.
485.
1000.
776.
415.

474.
734.
1170.
1851.
2501.
2547.
2505.
2936.
3228.
4921.

47 4.
734.
1170.
1851.
2501.
2547.
2505.
2936.
3228.
4921.

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

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

-1 24 .
-46.
79.
322.

160.
178.
21 7.
178.
201 .
154.
289 .
324 .
139.
279.

425.
549.
1510.
2478.
1493.
1321.
1538.
1403.
3098.
3543.

1 9 1 0 ...
1 9 1 1 ...
1 9 1 2 ... ..1
1 91 3... ..1
1914•••
1 9 1 5 ...
1 9 1 6 ... ..1
1 9 1 7 ... ..1
1 9 1 8 ...
1 91 9... ..1
1

I1

1 9 4 0 ...
1 9 4 1 ...
1 9 4 2...
1 9 4 3 ...
1 9 4 4 ...
1 9 4 5 ...
1 9 4 6 ...
1 9 4 7 ... ..1
1 9 4 8 ...
1 94 9...
1950. . .
1951 . . .
1 9 5 2 ...
1 95 3...
1 9 5 4 ...
1 9 5 5 ...
1 95 6...
1 9 5 7 ...
1 95 8...
1 9 5 9 ...
1 9 6 0...
1 9 6 1 ...
1 96 2...
1 9 6 3 ...
1 9 6 4 ...
1 9 6 5 ...
1 9 6 6 ...
1 9 6 7 ...
1 9 6 8 ...
1 96 9...

|
1

..1

..1

..1
..1
..1
..1

1
1

..1

..1

..1
..1

|

1 9 7 0 ... ..1
1 9 7 1 . . . ••I
1 9 7 2 ...
1 9 7 3 ...
1 9 7 4 ...
1 9 7 5 ...
1 9 7 6 ...
1 9 7 7 ...
1 9 7 8 ...
1 97 9...




___1_

-50 .
-6 1 .

-6 .
-5.
-13.

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

333.
429 .
674 .
1419.
1349.
1732.

,

TABLE 121.3

9

OUTSTANDING FARM REAL ESTATE DEBT
PERCENTAGE CHANGE DURING YEAR

YEAR

TOTAL

1

BANKS

COOPERATIVE FARM CREDIT SYSTEM
|
!
|
_______________________________________________ I
LIFE
| FARMERS ! INDIVIDUALS
FEDERAL
FEDERAL
J O I N T - 1 INSURANCE!
AND
HOME
1
TOTAL
FARM
LAND
STOCK
1 COMPANIE S 1 AD MINIS- 1 OTHERS
BANKS
MORTGAGE
LAND
1
1 TRATION 1
CORPORATION ..BANKS ...1
I
l
******
******
******

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

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

1910...........
1911..........
1912..........
1913..........
1914..........
1915..........
1916..........
1917..........
1918..........
1919..........

9. 8
11.6
10.6
8.3
6.0
5.3
10.8
1 2.2
9. 2
18.4

1 7.6
2 1.5
16.1
7.4
3.1
4 .0
2 0 .3
8.0
2 .2
1 6.9

*** ***

******

******
******
******
******
30 1 .5
114.8

******
******
******
******
29 9.4
8 7. 9

1920 ............
1921..........
1922..........
1923 ............
1924 ...........
1925 ............
1926 ............
1927 ............
1928 ............
1929 ............

2 1. 0
4 .7
0 .8
-1 .1
-7 .1
-2 .0
-0 .6
1.0
-0 .0
-1 .3

20.2
6.4
-2 .2
-7 .9
-1 3 .5
-1 .8
-3 .0
-4 .1
-4 .6
-4 .7

2 0. 9
2 1 .0
6 5 .8
3 8 .7
15.0
12 .7
10.2
6.7
1 .4
0 .0

19.1
2 3.7
4 7 .9
2 4.8
15.7
8 .2
7 .0
7. 1

1930 ............
1931..........
1932..........
1933..........
1934..........
1935..........
1936...........
1937..........
1938..........
1939..........

-2 .4
-3 .2
-6 .9
-9 .2
-1 .3
-2 .1
-3 .6
-2 .8
-2 .5
-2 .8

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

-2 .0
-3 .9
-6 .4
7 .3
63.2
9.4
1 .4
-2 .1
-3 .5
-5 .5

-0 .4
-1 .3
-2 .9
9 .7
5 4. 8
8 .5
1.6
-1 .0
-1 .8
-3 .8

**** **

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

-1 .4
-1 .8
-6 .6
-9 .4
-8 .4
-3 .7
2 .9
3.4
4.4
5. 5

1 .7
-1 .5
-1 0 .9
-5 .9
0 .3
12.8
3 4 .7
2 3 .0
6.8
3. 8

-3 .5
-5 .3
-1 0 .6
-1 7 .7
-1 7 .5
-1 5 .4
-1 4 .9
-1 1 .4
-5 .0
2.0

-2 .6
-3 .9
-8 .6
-1 5 .4
-1 6 .7
-1 0.8
-9 .5
-9 .0
-2 .3
4.4

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

9 .6
9.0
8 .7
6.9
6 .5
9 .3
9 .0
5 .7
6 .8
8 .9

5 .8
3 .2
5.1
2.1
6 .4
9 .8
1.8
1.3
7 .0
8. 2

2 .7
3.6
6.7
8 .4
7 .8
1 5.7
1 6.4
10.1
8.9
13.1

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

6 .1
8 .4
10.8
12.4
12.1
8 .9
8 .9
9 .0
6 .5

4 .5
3 .1
1 4. 0
14.2
13.1
7 .9
6 .2
10.5
8 .9
6.4

1970..........
1971..........
1972..........
1973..........
1974..........
1 97 5 ...........
1976..........
1977...........
1978..........
1979..........

4 .0
6 .1
11 .0
1 5.4
12.2
10.3
10.8
12.5
13.5
15.1

6.4
11.8
1 3. 6
13.9
9 .3




9 .1

5 .5
7 .7

14.7
1 0.0
4 .8

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

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

******
******
******
******
344.1
616. 1

9.4
13.3
14.7
6. 6
12.1
14.3
12.5
11.0
6. 5
-4 .3

******
4**#**
******
******
******
******
******
******
******

23 .7
18.8

*** * **

8 .5
9.5
8 .8
8.4
5 .6
3 .9
8 .5
1 2. 4
8 .7
20.1

29.8
9.1
157.3
79 .5
13.7
22.2
15.9
5 .9
-2 .0
-2 .9

8.6

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

15.2
8 .4
4 .5
4.6
2.3
-1 .6
-1 .0

*** * **
*** * **
* ** ***
4 *4 * **
** * * **
* ** * **
*** * **

20 .7
1 .0
-4 .8
-8 .3
-1 4 .2
-8 .1
-5 .4
-0 .4
1.3
-1 .2

******
******
******
771.9
2 8.8
5 .9
-2 .0
-6 .0
-7 .9

-5 .0
-8 .9
-1 4.0
-1 3 .2
-3 2 .8
-2 7 .6
-1 8 .9
-1 8 .0
-1 3 .9
-2 0.2

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

******
******
******
******
******
******
******
******
******
2 14 .9

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

-3 .9
-7 .3
-1 4 .3
-2 1 .0
-1 9 .2
-3 1.1
-3 8 .7
-2 7 .0
-2 7.2
-2 4 .7

-1 9 .9
-2 3 .9
-3 3.8
-7 2 .7
-4 6 .0
-4 1.2
-4 8.8
-6 0.7
-2 8 .4
-4 1.6

3 .3
4.6
-1 .9
-5 .4
-4 .9
-5 .0
-0 .3
8 .0
8 .0
13.1

10 4.9
7 5. 3
3 7 .6
9. 2
12.6
-5 .8
4.3
3 .1
-0 .4
2 .3

-3 .1
-2 .9
-5 .4
-4 .3
-5 .2
3.4
8 .2
3.0
6 .8
4 .4

4.6
4.9
7 .8
9 .2
8 .3
1 6.8
1 6.4
10. 1
8 .9
13.1

-2 5 .0
-2 5.5
-2 7.1
-2 6 .2
-2 7 .2
-1 00 .0
******
******
******
******

-1 00 .0
******
******
******
******
******
******
******
******
******

15.4
14.0
11.3
10.3
8.4
10.7
9 .0
4 .1
3 .2
5.9

2 7 .2
1 3.2
1 3.6
6.7
7.4
9 .1
1 2.2
16 .8
12 .5
1 1.2

9.4
10.3
8 .8
6 .1
4.9
5 .9
8.1
4.9
7.4
8 .7

8. 7
1 0. 4
7 .9
8 .5
1 2.3
15.0
1 5. 9
13 .2
9 .3
9. 7

8.7
10.4
7 .9

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

5.5

12.3
1 5. 0
1 5.9
13.2
9 .3
9.7

******
******
*44*4*
******
******
******
******
******
******
******

6 .3
7 .3
11.5
13 .4
12.0
8 .6
6 .3
4.0
-0 .5

6.9
31 .2
1 1 .6
10.7
9 .7
1 6.5
11.1
1 0.9
1 1. 4
1 1 .0

5 .6
7.1
9.0
10.5
12.2
1 1. 4
5.9
7 .3
11.3
7 .8

7. 1
10 .3
1 4. 9
2 0 .5
2 2 .9
1 9. 0
1 5. 7
1 5. 9
15.1
20.0

7. 1
10*3
1 4.9
2 0 .5
2 2.9
1 9.0
1 5.7
1 5.9
15.1
20 .0

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

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

-2 .2
-0 .8
1. 4
5 .7
5 .6
6.8
10.0
19.2
15.3
17.0

7 .0
7 .3
8 .3
6.3
6.7
4.8
8 .6
8 .9
3 .5
6.8

3 .9
4.8
12 .7
1 8.4
9 .4
7 .6
8.2
6.9
14.3
14.3

3.3
1.6

.

8.5

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

10

TABLE 121.4

YEAR

1 9 1 0 ....
1911 . . . .
1 9 1 2 ....
1 9 1 3 ....
1 91 4....
1 9 1 5 ....
1 9 1 6 ....
1 9 1 7 ....
1 9 1 8 ....
1 9 1 9 ....
1 9 2 0 ....
1 9 2 1 ....
1 9 2 2 ....
1 9 2 3 ....
1 9 2 4 ....
1 9 2 5 ....
1 9 2 6 ....
1 9 2 7 ....
1 9 2 8 ....
1929 -------1 9 3 0 ....
1 9 3 1 ....
1 9 3 2 ....
1 9 3 3 ....
1 9 3 4 ....
1 9 3 5 ....
1 9 3 6 ....
1 9 3 7 ....
1 9 3 8 ....
1 9 3 9 ....
1 9 4 0 ....
1 9 4 1 ....
1 9 4 2 ....
1 9 4 3 ....
1 9 4 4 ....
1 9 4 5 ....
1 9 4 6 ....
1 9 4 7 ....
1 9 4 8 ....
1 9 4 9 ....
1 9 5 0 ....
1951 . . . .
1 9 5 2 ....
1 9 5 3 ....
1954 -------1 9 5 5 ....
1 9 5 6 ....
1 9 5 7 ....
1 9 5 8 ....
1 9 5 9 ....
I9 6 0 ....
1 9 6 1 ....
1 9 6 2 ....
1 9 6 3 ....
1 9 6 4 ....
1 9 6 5 ....
1 9 6 6 ....
1 9 6 7 ....
1 9 6 8 ....
1 9 6 9 ....
1 9 7 0 ....
1 9 7 1 ....
1 9 7 2 ....
1 9 7 3 ....
1 9 7 4 ....
1 9 7 5 ....
1 9 7 6 ....
1 9 7 7 ....
1 9 7 8 ....
1 9 7 9 ....

OUTSTANDING FARM REAL ESTATE DEBT, JANUARY 1
PERCENTAGt OF TOTAL
1
1
1
1
1
1
I
.|
.i
.J
.1
.1
.1
.1
.i
.1
.1
1
.1
.i

.j
.1
.1
.1
.1
.]
.{
.1
1
.1
.1
.(
.1
.1
.j
.j
.1
.1
.i
.1
.1
.1
. I
.1
.|
.1
.J
,i

.1
1
.1
.|
.j
.1
.1
.1
.1
.1
.1
.1
I1
.t
.1
.1
.1
.4
.1
.1
.4
.J
.1
1
.1
. (
.1
.4

.1
.(

.1
.4
.1
.1

j
1980. . . . •1




_ J ___

TOTAL

I

BANKS

1
1
1
1
1
|

COOPERATIVE FARM CREDIT SYSTEM
TOTAL

FEDERAL
LAND
BANKS

FEDERAL
JOIN TFARM
STOCK
MORTGAGE
LAND
CORPORATION__ BANKS

|
|
1
I
LIFE
1 FARMERS 1 INDIVIDUALS
4 INSURANCE!
HOME
J
AND
1 COMPANlESi ADMI NIS- 1 OTHERS
|
1 TRATION 1
1
______________1_____

2.2

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

*****
*****
*****
*****
*****
*****
*****
*****
0 .0
0. 1

12.1
1 2. 0
12 .2
12 .7
12.7
13 .4
14.6
1 4 .8
1 4.6
1 4.3

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

7 5 .3
7 4 .4
7 3 .0
7 1 .8
7 1 .9
71.6
7 0 .7
6 9 .2
69.3
69.0

1 3.8
1 5.9
17.6
18.6
1 8.9

3 .5
3.4
4.0
5 .9
7 .5
9 .3
10.3
11.1
11.7
12.1

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

0. 7
0. 8
0. 8
2 .0
3 .7
4 .5
5.6
6. 5
6 .9
6 .7

1 1. 5
1 1.8
1 3 .4
1 4 .4
1 6 .8
1 9.6
2 0 .9
2 2 .0
2 2 .3
21.9

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

7 0 .0
69.9
67.4
6 3 .6
5 9 .0
5 4 .5
5 1. 1
4 8 .6
4 7 .9
4 8 .5

19. 1
19 .2
19.1
1 9.2
2 2 .7
3 7 .5
4 1 .9
44. 1
4 4 .3
4 3 .9

12.5
12.7
13.0
13 .5
16.4
2 5. 7
2 8.5
3 0 .0
3 0. 6
3 0.8

*****
*****
*****
*****
0.9
8.1
10.7
11 .8
11.8
1 1. 4

6 .6
6 .4
6 .1
5. 6
5.4
3 .7
2.7
2 .3
1.9
1.7

22.0
2 2 .2
2 2 .4
2 2 .4
2 2. 1
1 7.2
1 5. 0
14.2
14.2
1 4.5

*****
*****
*****
*****
*****
*****
*****
*****
*****
0 .2

4 8 .5
4 8 .5
4 8 .2
4 7 .9
46.0
3 8 .8
3 6 .6
3 4 .9
3 4 .2

3 0. 5
30.1
2 9. 5
2 8. 8
2 6 .9
2 4 .5
2 2. 7
19.9
17.6
1 6. 4

10.8
10.6
1 0.0
9 .1
8.0
7.0
5 .0
3.0
2 .1
1 .5

1 .4

8 .0
8 .3
9 .1
10.7
14 .0
16.6
1 7.0

4 2 .7
4 1 .8
4 0 .3
3 8 .6
35 .1
3 1 .6
2 7. 8
2 3 .0
19.7
17 .9

1 4.9
15 .7
16 .7
1 7. 5
18 .3
1 9.0
18.7
18. 1
19.0
1 9.6

0 .5
1 .0
1.8
2 .7
3. 2

100.0
100.0
100.0
100.0
10 0.0
10 0.0
10 0.0
10 0.0
10 0.0
10 0.0

16.7
16.1
15.3
14 .8
14.1
14.1
14.2
13.2
12.7
12.7

17.3
16.2
1 5. 4
15.1
15.3
1 5. 5
1 6 .4
17.5
1 8.3
1 8.6

16.2
15 .5
14.9
14.8
15.1
15.4
16 .4
17.5
18.3
18 .6

100.0
100.0
100.0
100.0
100.0
10 0.0
10 0.0
10 0.0
10 0.0
100.0

1 2.6
1 2.4
11.8
12.3
12.7
12.8
1 2.3
12.0
12.2
12.2

19 .3
1 9.8
2 0.2
1 9. 9
19.5
19.5
2 0. 0
2 1 .3
22. 1

19.3
19.8
2 0.2
19.9
19.5
19.5
2 0 .0
2 1.3
22.1

22.2

22.2

10 0.0
100.0
10 0.0
100.0
10 0.0
10 0.0
10 0.0
100.0
10 0.0
10 0 .0

12.1
1 2. 4
13.1
1 3. 4
13.2
12.9
12.3
12.0
12.2
11.8

2 2.9
2 3 .5
2 4. 5
2 5 .3
2 6 .*
29.0
3 1.2
3 2 .6
3 3 .6
34.1

100.0

10.8

3 5 .5

100.0
100.0
100.0
100.0
10 0.0
100.0
100.0
100.0
100.0
10 0.0

12.7
1 3.6
14.8
15.5
1 5. 4
14.9
1 4.8
16.0
1 5. 4
1 4. 4

*****
*****
*****
*****
*****
*****
*****
*****
0.6
2 .3

*****
*****
*****
*****
*****
*****
*****
*****
0.6

100.0
100.0
100.0
100.0
10 0.0
10 0.0
100.0
10 0.0
10 0.0
10 0. 0

14.3
14.2
1 4. 4
1 4 .0
13.0
12.1
12.1
11.8
11.2
10 .7

4.2

100.0
100.0
10 0.0
100.0
10 0.0
100.0
100.0
100.0
100.0
100.0

1 0. 4
10.1
10.3
1 0. 5
9 .2
6.6
6 .6
6.8
7 .2

100.0
100.0
100.0
100.0
1 00 .0
100.0
10 0.0
100.0
100.0
10 0.0

8.1
8 .4

7.7

8.4

4.2
4 .8
8 .0

11.2

1.1
0.7

1.1
0. 9
0.6
0.2
0.1
0.1
0 .0
0 .0
0 .0
0 .0
*****
*****
*****
*****
*****
*****
*****
*****
*****

21.0
22. 1
23. 1
2 3 .7
2 4 .5

*** **
*****

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

23.3
23.2

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

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

2 2. 9
2 3.5
24 .5
2 5. 3
2 6.4
29 .0
3 1.2
3 2 .6
3 3 .6
34. 1

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

*****
*****

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

35 .5

*****

0.5
0 .3
0.2

0.2
*****
*****
*****
*****
*****

4 .0

3.9
3.9
3 .9
3 .7
3 .6
4 .2

3 3.8

3 3 .7
3 3 .1
3 2 .8
3 3 .2
3 5.1
3 6 .3
3 9 .0
4 1 .0
4 0 .9
4 1 .8

5.5

41.4
41.3
41.8
41.8
41.6
40.9
3 9 .6
3 9 .3
3 9 .0
3 9. 2

2 2 .6
2 2 .0
2 1 .0

5 .6
5 .6
6.8
7.0
7.0
6.8
7.1
7.2
7. 3
7.5

3 9.1
3 8 .9
3 8 .5
3 8 .4
3 8. 3
38 .2
3 7 .9
3 6 .9
3 6. 3
3 7.1

7.8

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

19 .6
1 8. 5
17.3
1 5.8
14.5
1 3. 6
13 .2
13. 1
13.9
14. 1

8.1
7 .9
7 .3
6.9
6.6
6 .5
6.3
5 .7

3 7 .5
3 7 .5
37.0
37.6
38.6
37.6
36.7
35.8
34.0
3 4 .3

*****

14.3

5 .3

3 4 .1

*****

24.9
2 5 .2
2 5 .2
2 4 .8
2 4 .0

2 2 .7
2 2 .4
2 2 .5
2 2 .7

22.7

4.4
4 .6
4.6
4 .6
4 .6
4.7
5 .2

9.0

TABLE

1 2 1 .5

11
O U TS TA N D IN G
P ER C EN TA G E OF

1
1
1
1
1
j
1
1 9 4 0 . . . . .1
1 9 4 1 ....
1 9 4 2 ....
1 9 4 3 . . . . .1
1 9 4 4 ....
1 9 4 5 ....
1946..••
1 9 4 7 ....
1 9 4 8 ....
1 9 4 9 ....

YEAR

FARM R E A L E S T A T E O E B T , J A N U A R Y 1
T O T A L FARM O E B T IN C L U D IN G C CC LO AN S

CO OPE RAT IV E FARM C R E D I T SYSTEM
TOT AL

FEDERAL
LAND
BANKS

BANKS
TOTAL
____

_

FEDERAL
FARM
MORTGAGE
CORPORATION

JO IN TSTOCK
LAND
BANKS____

1
1
1
LIFE
|
FARMERS
HOME
1 INSURANCEI
1 CO MPANIES! A D M IN I S ­
T
R
ATION
1
1
______ 1
1

! IN D IVIDUALS
1
AND
1 OTHERS
1
1

65.6
62.0
60.9
60.2
60.8
59.2
60.2
58.2
54.8
46.5

5.3
5 .2
5.1
4 .8
5 .1
5 .4
6 .4
8 .1
9 .1
7 .9

2 8.0
2 5.9
24.6
23.2
21.3
18.7
16.7
13.4
10.8
8 .3

20.0
18.7
18.0
17.4
16.4
14.5
13.6
11.6
9 .6
7 .6

7.1
6 .5
6 .1
5.5
4 .8
4 .2
3 .0
1.7
1.2
0 .7

0.9
0 .7
0 .5
0 .4
0 .1
0.1
0 .0
0 .0
0 .0
0 .0

9 .8
9 .7
10.2
10.5
11.1
11.2
11.3
10.6
10.4
9 .1

0 .3
0 .6
1.1
1 .6
2 .0
2 .3
2 .3
2 .3
2 .1
1 .7

22. 1
20.6
20.0
2 0.0
2 1.3
21.5
23.5
23.9
22.4
1 9.4

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

44.8
46.8
45.5
45.0
45.7
46.7
48.0
50.8
50.9
46.9

7 .5
7 .6
6 .9
6 .6
6 .4
6 .6
6 .8
6 .7
6 .4
6 .0

7 .7
7 .6
7 .0
6 .8
7 .0
7 .2
7 .9
8 .9
9 .3
8 .7

7 .3
7.3
6 .8
6 .7
6 .9
7 .2
7 .9
8 .9
9 .3
8 .7

0 .5
0 .3
0 .2
0 .1
0 .1
0 .1
*****
** * * *
*** **
*** **

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

9 .4
10.4
10.5
10.7
11.2
11.6
12.1
12.8
12.6
11.3

1 .6
2 .0
2 .0
2.1
2 .1
2 .1
2 .2
2 .4
2 .6
2 .6

18.5
19.4
19.0
1 8.8
19.0
19.1
19.0
20.0
19.8
18.4

I9 6 0 ....,
1 9 6 1 . . . . , .1
1 9 6 2 ....,
1 9 6 3 . . . . , .1
1 9 6 4 ....,
1 9 6 5 ....,
1 9 6 6 . . . . , .1
1 9 6 7 . . . . , .1
1 9 6 8 ....,
1 9 6 9 ....,
|
1
1 9 7 0 ....,
1 9 7 1 . . . . , .1
1 9 7 2 ....
1 9 7 3 ....,
1 9 7 4 ....,
1 9 7 5 ....,
1 9 7 6 ....,
1 9 7 7 ....,
1 9 7 8 ...• ,
1 9 7 9 ....
1
1 9 8 0 ....
|

48.8
49.0
48.8
48.3
48.9
51.3
52.1
52.4
53.0
54. f

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

9 .4
9 .7
9 .8
9 .6
9 .5
10.0
10.4
11.2
11.7
12.1

9 .4
9 .7
9 .8
9 .6.
9 .5
10.0
10.4
11.2
11.7
12.1

* *** *
*** **
*** **
*** **
*** **
* *** *
* *** *
*****
*** **
**•*4

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

11.4
11.4
11.1
10.8
11.0
11.7
11.8
11.8
11.7
11.4

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

19.1
19.1
18.8
18.6
18.7
19.6
19.8
19.3
19.3
2 0.1

55.0
55.7
54.5
54.7
55.6
56.6
56.2
55.1
53.4
52.5

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

12.6
13.1
13.3
13.8
14.7
16,4
1 7.6
18.0
17.9
17.9

12.6
13.1
13.3
13.8
14.7
16.4
17.6
18.0
17.9
17.9

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

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

10.8
10.3
9 .4
8. 6
8 .0
7 .7
7 .4
7 .2
7 .4
7 .4

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

20.7
20.9
20.2
2 0.6
21.5
21.3
2 0.6
19.7
18.2
1 8.0

52.7

5 .7

18.7

18.7

* *** *

** * * *

7 .5

2 .8

1 7.9




12

TABLE

1 2 1 .6
O U TS TA N D IN G
P E R C E N TA G E OF

YEAR

1
1
1
1
1
|
1

I9 6 0 ....
1 9 4 1 ....
1 9 4 2 ....
1 9 4 3 ....
1 9 4 4 ....
1 9 4 5 ....
1 9 4 6 ....
1 9 4 7 ....
1 9 4 8 ....
1 9 4 9 ....
1
1 9 5 0 ....
1 9 5 1 ....,
1 9 5 2 .....
1 9 5 3 ....
1 9 5 4 .....
1 9 5 5 . . . . . .1
1 9 5 6 ...........
1 9 5 7 ...........
1 9 5 8 ...........
1 9 5 9 ........... .1
1
1
1 9 6 0 ........... 1
1 9 6 1 ........... 1
1 9 6 2 ........... .1
1 9 6 3 ........... .1
1 9 6 4 ...........
1 9 6 5 ........... .1
1 9 6 6 ...........
1 9 6 7 .... ,
1 9 6 8 . . . . ..1
1 9 6 9 .... .
|1
1 9 7 0 .....
1 9 7 1 .... .
1 9 7 2 ........... .1
1 9 7 3 .....
1 9 7 4 .....
1 9 7 5 . . . . . .1
1 9 7 6 . .
1 9 7 7 ....,
1 9 7 8 .....
1 9 7 9 .....
|
1
1 98 0 ..




|

TO T A L

1
1
1
1
1
1

FARM R E A L E S T A T E D E B T t JA N U A R Y
1
T O T A L FARM D E B T E X C L U D IN G C C C L O A N S

CO OP E RA TIV E FARM C R E D I T SYSTEM
BANKS

FEDERAL
FEOERAL
JO IN TTO TA L
LAND
FARM
STOCK
BANKS
MORTGAGE
LANO
________________________________ CORPORATION ___BANKS

1
1
FARMERS
_l
L IFE
|
HOME
I IN SU R A N C E!
1 COMPANIE S| A D M IN I S ­
1
1 TRATION
1
1

1
1INDIVIDUALS
I
AND
1 OTHERS
1
I

68.7
66.0
64.7
6 5.3
65.1
64.5
6 2.4
58.7
55.3
51.8

5 .6
5 .5
5 .4
5 .2
5.4
5 .9
6 .6
8 .2
9 .2
8 .8

29.4
27.6
26.1
25.2
22.8
20.4
17.3
13.5
10.9
9 .3

21.0
19.9
19.1
18.8
17.5
15.8
14.1
11.7
9 .7
8 .5

7 .4
7 .0
6 .4
t>.0
5 .2
4 .5
3 .1
1 .8
1.2
0 .8

1 .0
0 .7
0.6
0 .4
0 .1
0.1
0 .0
0 .0
0 .0
0 .0

10.3
10.3
10.8
11.4
11.9
12.2
11.7
10.6
1 0.5
10.1

0 .3
0 .7
1.2
1 .7
2.1
2 .6
2 .4
2 .3
2 .2
1 .9

23.2
21.9
2 1.2
21.7
22.9
23.4
2 4.3
24.1
22.6
21.6

52.0
4 9.9
4 7.4
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

0 .5
0 .4
0 .2
0 .2
0 .1
0 .1
* *** *
** * * *
*****
* *** *

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

1 0.9
11.1
11.0
11.5
13.0
13.3
13.4
13.9
13.4
12.6

1.9
2 .1
2.1
2 .2
2 .4
2 .4
2 .4
2 .6
2 .8
2 .9

2 1.5
20.6
19.8
2 0.3
2 2.1
21.9
21.1
2 1.7
21.1
2 0.5

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

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
1 2.0
12.1

2 .9
2 .9
3 .6
3 .6
3 .6
3 .6
3 .8
3 .9
4 .0
4.3

2 0.0
20.1
20.1
19.9
19.8
2 0.5
20.5
1 9.9
19.9
2 1.3

58.0
57.7
56.7
56.3
56.2
56.8
56.4
55.7
55.4
54.6

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

13.2
13.6
13.9
14.2
14.9
16.4
17.6
18.2
18.6
18.6

13.2
13.6
13.9
14.2
14.9
16.4
17.6
18.2
18.6
18.6

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

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

1 1.4
10.7
9 .8
8 .9
8 .1
7 .7
7 .4
7 .3
7 .7
7 .7

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

2 1.8
21.6
2 1.0
21.1
21.7
2 1.4
2 0.7
19.9
1 8.9
18.7

54.2

5 .9

19.3

19»3

*** **

7 .8

2 .9

18.5

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

TABLE 131.1

YEAR

1940 . . . .
19 41....
19 42....
1943....
1944. . . .
1945....
1946....
1947....
1948 . . . .
1949. . . .

13

OUTSTANDING FARM NON-REAL-ESTATE DEBT, JANUARY 1
AMOUNTS IN MILLIONS OF DOLLARS
1
I
1
1
1
1
1

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

DEBT INCLUDING
CCC LOANS
TOTAL

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

1950. . . . .j
6875.
1 9 5 1 . . . . .|
6938.
1 9 5 2 . . . . .1
7982.
1 9 5 3 . . . . . .1
8859.
1 9 5 4 . . . . , .1
9194.
1955 . . . . ,.1
9416.
1956 _____.1
9781.
1 9 5 7 . . . . , .1
9522.
10029.
1 9 5 8 . . . . , .1
19 5 9 ...... |
12558.
1
1 9 6 0 . . . . , .1
12693.
13359.
1 9 6 1 . . . . , .1
1962 . . . . ,. 1
14567.
1 9 6 3 . . . . , .1
16219.
1 9 6 4 . . . . , .1
17583.
1965. . . . , . I
17909.
1 9 6 6 . . . . ,.1
19471.
1 9 6 7 . . . . , .1
20950.
1968. . . . ,. j
22254.
1 9 6 9 . . . . .. 1
23058.
|
1970...... I
23843.
1 9 7 1 . . . . ,.1
24138.
1 9 7 2 . . . . .. I
26906.
1 9 7 3 . . . . , .1
29587.
1 9 74....,. i
32884.
1 9 75....,. I
35544.
1 9 7 6 . . . . .. I
39763.
1977---------.1
46073.
1 9 7 8 . . . . . .1
55631.
1 9 79....,. I
65240.
j
1980....,. I
74740.
J ____________




CCC
LOANS

1
1
1
1
1
1
1

DEBT EXCLUDING CCC LOANS

TOTAL

1
1
|
1
1

BANKS

1 COOPERATIVE FARM CREDIT SYSTEM |
1
___ ____ - 1 FARMERS
PRODUCTION
FEDERAL I
HOME
I
INTE RME DI-! ADMINIS­
TOTAL
CREDIT
1
TRATION
ASSOCIAATE CREDIT!
1

1
I INDIVIDUALS
1
AND
j
OTHERS
1

XLQUS________ BAM&S.__ I___________ L

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

1
I
|
1
j
|
i
I
1
|

3004.
3347.
3483.
3172.
2888.
2720.
2868.
3451.
4090.
4930.

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

186.
203.
223.
221.
231 .
218.
221.
262.
327.
423.

153.
171 .
186.
183.
197.
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.

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

|
J
1
I
I
I
1
|
i
I
i
I
j
1
I
I
1
1
I
1
|
1
1
1
1
I
1
I
I
I
i
I
|
I
1

5154.
6126.
7393.
7675.
6604.
7196.
7910.
7960.
8814.
10085.

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

438.
513.
639.
682.
605.
635.
706.
759.
953.
1198.

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

51.
62.
78.
83.
64.
5 8.
62.
60.
67.
84.

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

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

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.

21168.
22262.
24644.
27794.
32134.
35226.
39406.
45061.
51142.
59998.

10330.
11102.
12498.
14315.
17167.
18238.
20160.
23283.
25709.
28273.

4713.
5515.
6315.
6859.
8160.
9893.
11124.
12601.
13882.
15525.

4495 .
5295.
6078.
6607.
7829.
9519.
10773.
12233.
13508.
15016.

218.
220.
237.
251.
331.
374.
350.
368.
374.
509.

785.
795.
771.
780.
877.
1044.
1772.
1877.
3141.
5780.

5340.
4850.
5060.
5840.
5930.
6050.
6350.
7300.
8410.
10420.

70240.

30400.

18220.

17570.

650.

9900.

11720.

1165.
1390.
1866.
2055.
1926.
1543.
1408.
1157.
1420.
2671.
2676.
1876.
2262.
1793.
750.
319.
358.
1012.
4489.
5242.
4500.

TABLE 131.2

YEAR

OUTSTANDING FARM NON-REAL-ESTATE DEBT
CHANGE DURING YEAR IN MILLIONS OF DOLLARS
1
I
1
1
1
1
1

DEBT INCLUDING
CCC LOANS

1
1
1
1
1
1
1

DEBT EXCLUDING CCC LOANS

TOTAL

1
1
1
1
1

BANKS

1 COOPERATIVE FARM CREDIT SYSTEM 1
_
.
1 FARMERS
I
|
PRODUCTION
FEDERAL |
HOME
TOTAL
CREDIT
IN TE RM ED I-I ADMINIS­
1
ASSOCIAATE CREOITI
TRATION
1

TOTAL

CCC
LOANS

528.
116.
-1 48 .
-4 6 8 .
-7 5.
-2 57.
371.
658.
1908.
793.

184.
-1 9 .
163.
-1 83 .
94.
-4 06.
-2 12.
19.
1068.
569.

I
1
1
I
1
|
I
1
j
I

343.
136.
-3 11.
-2 84 .
-168.
149.
583.
639.
640.
223.

84.
89.
-1 49.
12.
13.
85.
255.
304.
353.
103.

17.
20.
-2 .
10.
-1 2.
3.
40.
65.
96.
16.

17.
15.
-3 .
14.
-8 .
6.
35.
59.
78.
21.

63 .
1044.
877.
335.
222.
365.
-2 58 .
506.
2529.
135.

-9 10.
-2 23 .
596.
1206.
-1 71.
-3 49.
-3 08 .
-3 4 8 .
1259.
-1308.

I
1
1
j
1
1
I
1
1
1

972.
1267.
282.
-8 71 .
393.
714.
49 .
854.
1271.
1443.

475.
596.
75.
-4 32 .
171.
375.
-2 9.
325.
555.
659.

74.
126.
43 .
-7 7.
30.
71.
53.
194.
245.
252.

666*
1208.
1652.
1364.
326.
1561.
1479.
1304.
804.
785.

225.
476.
189.
-1 29.
-3 8 3 .
-1 35 .
-2 52.
263.
1251.
5.

1
I
1
1
I
I
1
I
j
I

442.
732.
1463.
1493.
709.
1696.
1731.
1041.
-4 47.
780.

172.
324.
664 .
673.
338.
6 87 .
657.
738.
448.
610.

294.
2769.
2681.
3297.
2660.
4219.
6309.
955 8.
9609.
9500.

-8 00.
386.
-4 69.
-1043.
-4 3 2 .
39.
654.
3477.
753.
-7 42 .

I
1
1
I
1
I
J
1
1
1

1094.
2383.
3150.
4340.
3092.
4180.
5655.
6081.
8856.
10242.

772.
1397.
1817.
2852.
1071.
1922.
3123.
2426.
2564.
2127.

1
i IND IV ID UAL S
I
AND
I OTHERS
1

.I1QUS________BAAJiS__ I___________ 1
194-0 . . . .
1 9 4 1 ....
1 9 4 2 ....
1 9 4 3 ....
1 9 4 4 ....
1 9 4 5 ....
1 9 4 6 ....
1 9 4 7 ....
1 9 4 8 ....
1 9 4 9 ....

.1
.1
.1
.1
.1
.1
.j
.1
.1
.1

1 9 5 0 . . . . . .1
1 9 5 1 ...... |
1952 . . . . . . 1
1 9 5 3 . . . . , .1
1 9 5 4 . . . . . .1
1 9 5 5 . . . . ..1
1 9 5 6 . . . . . .1
1957...........1
1 9 5 8 . . . . , ,1
1 9 5 9 . . . . . .1
I
1
1960.......... . j
1961.......... . 1
19 62 ........... 1
1963 .......... . I
1964.......... , I
196 5 ...........1
1966.......... .1
1967.......... .1
1968 ...........i
1969 .......... ,|
1
1970.......... ■I
1971.......... .1
19 72 ...........1
1973.......... .1
1974........... |
1975...........1
1976 ..........>i
1 9 7 7 . . . . , .1
1978...........1
1979.......... .1
JL_




0.

-4 .
-4 .
-3 .
5.
6.
18.
-5 .

42.
26.
4 1.
-6 .
-69.
-3 9 .
-1 3 .
-3 0 .
-28.
4.

200.
0.
-2 00 .
-3 0 0 .
-1 00.
100.
300.
300.
420.
100.

63.
111.
38.
-58.
35.
67.
55.
187.
229.
247.

11.
16.
5.
-1 9 .
-5 .
4.
-2 .
7.
17.
6.

-1 7 .
-2 5 .
34.
38 .
42 .
-12 .
25.
5.
-30.
-6 .

440.
570.
130.
-4 0 0 .
150.
280.

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

119.
160.
199.
267.
172.
301.
437.
502 .
308.
669.

-1 .
10.
11.
16.
-1 .
15.
17.
19.
4.
38.

22.
77.
6 0.
38.
50.
73.
20.
6 1.
24.
-3 7.

130.
160.
530.
500.
150.
620.
400.
-2 8 0 .
-1230.
-5 00 .

802.
800.
544.
1302.
1733.
1230.
1477.
1281.
1643.
2695.

800.
783.
530.
1221.
1691.
1254.
1460.
1275.
1508.
2554.

2.
17.
14.
80.
42 .
-24.
18.
6.
135.
141.

10.
-2 4.
10.
9 7.
167.
728.
105.
1264.
2639.
4120.

-4 90 .
210.
780.
90.
120.
300.
950.
1110.
2010.
1300.

5.

0.

0.

330.
500.
540.

TABLE 131.3

YEAR

15

OUTSTANDING FARM NON-REAL-ESTATE DEBT
PERCENTAGE CHANGE DURING YEAR
1
1
1
1
1
1
1
|
1

1940. . . .
1941....
1 9 4 2 . . . . .1
1 9 4 3 . . . . .1
1944....
1945....
1946....
1947. . . .
1948....
1 9 4 9 . . . . .1
1 9 5 0 . . . . .1
1951....
1 9 5 2 . . . . ,.1
1953.....
1954....,
1 9 5 5 . . . . ..1
1 9 5 6 . . . . ,.1
1957..........
1 9 5 8 . . . . . .1
1959.......... .1
1
l
I 9 6 0 . . . . . .1
1961.....
1962..........
1 9 6 3 . . . . . .1
1964.....
1965.....
1 9 6 6 . . . . . ■1
1967..........
1 9 6 8 . . . . , .1
1969.......... .1
1
1
1 970.......... .1
1971 . . . . .
1972.......... .1
1973..........
1974.......... .1
1975.......... .1
1 9 7 6 . . . . .1
1977..........
1978.......... 1
1979..........
_L_




DEBT EXCLUDING CCC LOANS

DEBT INCLUDI NG
CCC LOANS

I COOPERATIVE FARM CREDI T SYSTEM |
1
1 FARMERS
I
PRODUCTION
FEDERAL |
HOME
I
TOTAL
CREDIT
I NTERMEDI - I ADMI NIS­
j
ASSOCI AATE CREDI T!
TRATI ON
1
I I ONS
BANKS
I

1
| I NDI VI DUALS
i
AND
I OTHERS
1
I

TOTAL

CCC
LOANS

TOTAL

BANKS

15. 3
2.9
-3.6
-11.9
-2.2
-7.6
11. 8
18. 7
45. 7
13. 0

41.4
-3.1
26. 6
-23.7
15. 9
-59.4
-76.6
28. 8
1278. 6
49.4

11. 4
4.0
-8.9
-9.0
-5.8
5.5
20.3
18. 5
2 0. 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
9.8
-1.1
4.5
-5.4
1. 5
18. 3
2 4. 9
29. 2
3.7

11. 3
8. 7
-1.6
7. 7
-4.2
3. 4
16.1
25. 7
26. 9
5. 6

0.2
15. 5
1. 3
-10.5
-12.1
-11.1
19. 7
19. 6
47. 0
-6.8

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

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

1 8. 9
20.7
3.8
-11.4
5.8
9.9
0.6
1 0. 7
14. 4
14. 3

23. 2
2 3. 6
2.4
-13.5
6. 2
12. 8
-0.9
9.9
15. 4
15. 8

17. 0
2 4. 7
6.7
-11.3
4.9
11. 2
7. 5
2 5. 5
25. 7
21. 1

16. 3
24. 6
6. 8
-9.6
6. 5
11. 7
8. 5
26. 7
25. 8
22. 1

22. 1
25. 4
6.5
-23.4
-8.3
6.2
-3.1
1 2. 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

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
2 2. 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

8. 7
10. 8
12. 1
14. 5
8. 2
13. 2
16. 9
16. 7
8. 8
17. 5

-1.3
11. 7
1 1. 0
14. 6
-0.8
11. 9
12. 5
1 2. 4
2. 1
20. 9

5. 5
18. 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. 2
11. 5
10. 0
11.1
8. 1
11. 9
15. 9
20. 7
17. 3
14. 6

-29.9
2 0. 6
-20.7
-58.2
-57.6
12. 3
182. 8
3 43. 7
16. 8
-14.2

5.2
10.7
12. 8
15. 6
9.6
1 1. 9
1 4. 4
13. 5
1 7. 3
17. 1

7.5
12. 6
14. 5
19. 9
6.2
10. 5
15. 5
10. 4
10. 0
7. 5

17. 0
14. 5
8. 6
19. 0
21. 2
12. 4
13. 3
10. 2
11. 8
17. 4

17. 8
14. 8
8. 7
18. 5
21. 6
13. 2
13. 5
10. 4
11. 2
17. 0

1.0
7.7
6.0
31. 9
12. 8
-6.3
5.0
1. 7
36. 1
27.7

1. 2
-3.0
1. 2
12. 4
19. 1
6 9. 7
5.9
6 7. 3
8 4. 0
7 1. 3

-9.2
4.3
15. 4
1. 5
2.0
5. 0
15. 0
15. 2
23.9
12. 5

16

TABLE 131.4

*
YEAR

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

OUTSTANDING FARM NON-REAL-ESTATE DEBT, JANUARY 1
PERCENTAGE OF TOTAL (INCLUDING CCC LOANS)
1
|
|
|
1
1
1
.1
.1
.)
.1
.1
1
.1
.1
.1
.1

DEBT I NCLUDI NG
CCC LOANS

DEBT EXCLUDING CCC LOANS

TOTAL

1
1
|
1
1

BANKS

1 COOPERATIVE FARM CRED I T SYSTEM |
1
| FARMERS I I NDI VI DUALS
I
PRODUCTION
FEDERAL |
HOME
1
AND
1
I NT ERMEDI - I ADMI NI S­ 1 OTHERS
CREDIT
1 TOTAL
ASSOCI
AATE
CREDI
T
I
TRATI
ON
1
1
j _________________ i i m s _________ _________ i______________L

TOTAL

CCC
LOANS

100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100. 0

12. 9
15. 8
1 4. 9
19. 6
16. 9
20. 1
8.8
1.8
2.0
18. 9

1
1
1
1
1
1
1
1
1
1

8 7. 1
84. 2
85. 1
8 0. 4
83. 1
79.9
91.2
9 8. 2
9 8. 0
81. 1

26. 1
2 4. 7
26. 2
23. 4
26. 9
2 7. 9
32. 9
3 6. 7
38. 2
3 2. 0

5.4
5. 1
5.4
5.6
6.6
6.4
7.0
7.4
7. 8
6.9

4.4
4. 3
4. 5
4.6
5. 7
5. 5
6. 2
6.5
6.9
6.0

0.9
0.8
0.9
1.0
1.0
0.9
0.8
0.9
0.9
0.9

12. 1
11. 6
1 1. 9
13. 4
15. 0
13. 3
13. 1
1 1. 4
8. 9
5. 6

43.5
42.7
41.5
38.0
34.5
32.3
38.2
42.7
43. 1
36.5

25. 0
11. 7
7.4
13. 4
26. 0
23.6
19. 1
1 6. 4
12. 1
19. 7

1
i
1
1
!
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
|
\

75.0
8 8. 3
92.6
86. 6
7 4. 0
76. 4
80. 9
83. 6
87. 9
80. 3

29. 8
36. 4
39. 1
36. 1
3 0. 0
31. 2
33. 8
34. 4
3 5. 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
3 4. 1
35.7
36.7
38. 1
34.4

90. 8
89. 6
87. 2
87. 3
8 9. 0
91. 4
92. 8
94. 5
93. 6
8 8. 4

3 8. 0
37.4
36. 5
36. 9
37. 8
39. 0
39. 4
4 0. 7
41. 7
4 2. 2

11. 4
1 1. 7
11. 9
12. 0
12. 7
1 3. 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
3.6
3.6

3 8. 3
37.4
35.4
35.0
35. 1
35.3
35.7
35. 1
31. 8
25.3

1
1
1
1
1
1
1
1
1
1
I
1
1
_1~

88.8
92. 2
91. 6
9 3. 9
9 7. 7
99. 1
99. 1
97. 8
91.9
92.0

4 3. 3
46.0
46.5
48.4
52. 2
51. 3
50. 7
50. 5
46.2
4 3. 3

19. 8
2 2. 8
23. 5
23. 2
2 4. 8
27. 8
28.0
27.4
25. 0
23.8

18. 9
21. 9
22. 6
22. 3
23. 8
2 6. 8
27. 1
2 6. 6
24. 3
2 3. 0

0.9
0.9
0.9
0.8
1. 0
1. 1
0.9
0.8
0.7
0.8

3.3
3. 3
2.9
2.6
2. 7
2.9
4.5
4. 1
5.6
8.9

22.4
2 0. 1
18. 8
19. 7
18. 0
17. 0
16. 0
15. 8
15. 1
16. 0

94.0

40.7

24.4

23. 5

0.9

13. 2

15. 7

1 9 5 0 . . . . .1
100. 0
1 9 5 1 . . . . .1
100. 0
100. 0
1952 ...........1
1953 . . . . , .1
100. 0
1 9 5 4 . . . . , .1
100. 0
100. 0
1955----------.j
1 9 5 6 . . . . , .1
100. 0
100. 0
1957...... I
1 9 5 8 . . . . . .)
100. 0
1 9 5 9 . . . . . .1
100. 0
1
1 9 6 0 . . . . , .1
100. 0
1 961 .......... .|
100. 0
100. 0
1 962...........1
1 9 6 3 . . . . . .1
100. 0
196 4 ...........1
100. 0
1 9 6 5 . ------- ,|
100. 0
1966.......... .)
100. 0
1967.......... . I
100. 0
100. 0
1968.......... .1
1969.......... ,1
100. 0
1
1 9 7 0 . . . . . ,|
100. 0
1 9 7 1 . . . . . .|
100. 0
1972.......... .1
100. 0
1 9 7 3 . . . . . .1
100. 0
1 9 7 4 . . . . . .1
100. 0
1975.......... .1
100. 0
1 9 7 6 . . . . . .1
100. 0
100. 0
1977...... I
1978.......... .1
100. 0
1979.......... >|
1 00. 0
1
100. 0
1980.......... .1
J _______________




1
1
1
I
I
1
1

9.2
10. 4
12. 8
12. 7
1 1. 0
8.6
7.2
5. 5
6.4
11. 6
11. 2
7. 8
8.4
6.1
2.3
0.9
0.9
2.2
8. 1
8.0
6.0

TABLE 131.5

YEAR

1940....
1941....
1942....
1943....
1944....
1945....
1946 . . . .
1947....
1948....
1 949--------

17

OUTSTANDING FARM NON-REAL-ESTATE DEBT, JANUARY 1
PERCENTAGE OF TOTAL (EXCLUDING CCC LOANS)
1
1
1
1
1
1
1
.1
.1
I
.1
.1
.1
.1
.1
.1
.1

1 9 5 0 . . . . .1
1 9 5 1 . . . . .1
1952.... I
1 9 5 3 . . . . .1
1954. . . . . .1
1 9 5 5 . . . . . .|
1956...........1
1 9 5 7 . . . . . .1
1958...........1
1 9 5 9 . . . . . .1
1
1
I 9 6 0 . . . . . .1
1961...........1
1962...... I
1963...........1
1 9 6 4 . . . . . .1
1965...........1
1 9 6 6 . . . . . .1
1 9 6 7 . . . . . .1
1968...........1
1 9 6 9 . . . . . .1
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 9 7 7 . . . . . .J
1 9 7 8 . . . . . .1
1 9 7 9 . . . . , .1
1
1 9 8 0 . . . . , .1
1




TOTAL

1
I
|
1
1
1

BANKS

I COOPERATIVE FARM CREDI T SYSTEM |
1
1 FARMERS
HOME
|
PRODUCTION
FEDERAL I
I
TOTAL
CREDIT
I NT E RME D I - 1 ADMI NIS­
TRATI ON
|
ASSOCI AATE CREDIT|
1
HONS
BANKS__ 1

1
I I NDI VI DUALS
|
AND
I
OTHERS
1
1

100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100. 0

30. 0
2 9. 4
30.8
2 9. 1
32.4
3 4. 9
3 6. 0
37.4
38. 9
3 9. 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

4 9. 9
5 0. 8
4 8. 8
47.3
41.6
40.4
41.8
43.5
44.0
45. 0

100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
1 00. 0
100. 0
100. 0

39.8
41.2
4 2. 2
41. 6
40.6
40.8
41. 8
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. 8
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
0.8

6. 7
5.4
4. 1
4.4
5. 5
5. 8
5.1
5. 4
4.9
4.0

45.0
45. 1
4 5. 0
45.1
45.0
44. 6
44. 1
43.8
43. 3
42. 8

100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100 . 0
100. 0
100. 0

4 1. 8
41. 7
41.9
42.2
42.5
4 2. 7
42.5
4 3. 1
44.5
47.7

12. 6
13. 1
13. 7
13. 8
14. 3
14. 7
15. 1
1 6. 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
0.8
0.8
0.8
0.9

3.4
3. 5
3.9
3. 9
3. 8
3. 9
4.0
3.7
3. 8
4.0

42.2
41.7
40.5
40. 1
3 9. 5
38. 7
38.5
37. 1
33. 9
2 8. 6

100. 0
100. 0
1 00. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100. 0
100. 0

48.8
49.9
5 0. 7
5 1. 5
53.4
51. 8
51. 2
51. 7
50. 3
47.1

22.3
24. 8
25.6
24.7
25.4
28. 1
28.2
28.0
2 7. 1
25.9

21. 2
23. 8
24. 7
23. 8
24. 4
27. 0
27. 3
27. 1
2 6. 4
2 5. 0

1.0
1. 0
1.0
0.9
1.0
1. 1
0.9
0.8
0. 7
0.8

3.7
3. 6
3. 1
2.8
2.7
3. 0
4.5
4.2
6. 1
9. 6

2 5. 2
21.8
20.5
21.0
1 8. 5
17. 2
16. 1
16. 2
16.4
1 7. 4

100. 0

43.3

25.9

2 5. 0

0.9

14. 1

16. 7

18
TABLE 131.6
O U T S T A ND IN G FARM N O N - R E A L - E S T A T E D E B T , JANUARY 1
PERCENTAGE OF T O T A L FARM DEBT IN C LU D IN G CCC LOANS
*

YEAR

1
|
I
|
1
i
1

DEBT IN C LU D IN G
CCC LOANS

1
1
1
|
I
1
1

DEBT EXC LUD IN G CCC LOANS

TO TA L

1
1
|
1
1

BANKS

1 CO OP ER AT IV E FARM C R E D IT SYSTEM 1
I
_
1 FARMERS
PRODUCTION
FEDERAL 1
HOME
1
C R E O IT
I N T E R M E O I - I A D M IN IS ­
1 TOTAL
ASSOCIAA TE C R E D I T l
T R A T IO N
1

1
1INDIVIDUALS
1
AND
1 OTHERS
1

TO TA L

CCC
LOANS

,\

34. 4
3 8. 0
39. 1
39. 8
3 9. 2
40.8
3 9. 8
41. 8
4 5. 2
53. 5

4.4
6.0
5.8
7.8
6.6
8. 2
3.5
0.8
0.9
10. 1

1
1
1
1
I
1
1
1
1
1

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
1 1. 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

1 4. 9
1 6. 2
1 6. 2
15. 1
13.5
1 3. 2
15. 2
1 7. 8
1 9. 5
19.5

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

55. 2
53. 2
54. 5
55. 0
54. 3
53. 3
52. 0
49.2
4 9. 1
53. 1

13. 8
6.2
4.0
7.4
14. 1
12. 6
10. 0
8. 1
6.0
10. 5

41.4
46.9
5 0. 5
4 7. 7
40.2
40.7
4 2. 1
41. 1
43.2
42.6

16. 5
19. 3
2 1. 3
1 9. 8
16. 3
16. 6
17. 6
17 iO
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. 8
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

1 8. 6
21. 1
22.7
21.5
18. 1
1 8. 2
18.6
18. 0
18.7
18. 3

1 96 0 ...........1
1961 . . . . ..1
1 9 6 2 . . . . .>1
1963..........>i
1 964..........,i
1 9 6 5 . . . . , .1
1 9 6 6 . . . . . .1
1 9 6 7 . . . . . .1
1 9 6 8 . . . . < .1
1 9 6 9 . . . . . .1

5 1. 2
51.0
51. 2
5 1. 7
51. 1
48.7
47.9
47.6
47.0
45.7

4.7
5.3
6.6
6.5
5.6
4.2
3. 5
2.6
3.0
5.3

4 6. 5
45.7
4 4. 6
45. 1
4 5. 5
4 4. 5
44.4
45.0
44.0
40.4

19. 5
19. 1
18. 7
19. 1
19. 3
19. 0
18. 9
19. 4
19. 6
19. 3

5.9
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
1 8. 1
18. 1
18.0
17.2
1 7. 1
16.7
14.9
11.6

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 9 7 7 . . . . , .1
1978...... |
1 9 7 9 . . . . . .1
I
1 9 8 0 . . . . . .1
_L_

45.0
44. 3
4 5. 5
45. 3
44.4
43.4
43.8
44.9
4 6. 6
4 7. 5

5.0
3.4
3.8
2.7
1.0
0.4
0.4
1. 0
3.8
3.8

39.9
40.9
41.7
42.5
43.3
43.0
43.4
43.9
42.9
43.6

19. 5
20. 4
21. 1
21.9
23. 2
22. 3
2 2. 2
22. 7
21. 6
20. 6

8.9
10. 1
10. 7
10.5
11. 0
12. 1
12. 2
12. 3
11. 6
11. 3

8. 5
9.7
10. 3
10. 1
10. 6
11. 6
11. 9
11. 9
11. 3
10. 9

0.4
0.4
0.4
0.4
0.4
0.5
0.4
0.4
0. 3
0.4

1. 5
1. 5
1. 3
1. 2
1. 2
1.3
2.0
1.8
2.6
4.2

1 0. 1
8.9
8.6
8.9
8.0
7.4
7.0
7. 1
7. 1
7.6

47.3

2.9

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
1
1
1
1
1
1
— 1—

44.5

19. 3

11. 5

11.1

0.4

6.3

7.4

-Iioas_______ BAMKS__ I__________ L
1940....
1941....
1942....
1943....
1944....
1945....
1946....
1947....
1948....
1949....




1
.1
.1
.1
.1
.1
.1
.1

TABLE 131.7

YEAR

19

O U T S T A ND IN G FARM N O N - R E A L - E S T A T E D E B T . JANUARY 1
EXCLUDING CCC LOANS
PERCENTAGE OF TO T A L FARM DEBT EXCLUDING CCC LOANS
1
1
1
1
1
1
1
.1
|
.1
.1
.1
.1
.1
.1
.1
.1

T O TA L

I

BANKS

I CO OP ER AT IV E FARM CRE0 1T SYSTEM |
1
1 FARMERS
HOME
|
PRODUCTION
FEDERAL 1
I
TOTAL
C R ED IT
IN TERM EOI-I A D M INISTRATION
|
ASSOCIAATE CR ED IT|
i___________________ LIONS __________ BANKS___ L ______________

1
| IN D I V I D U A L S
|
ANO
1 OTHERS
|
1

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

1 9 5 0 . . . . .1
1 9 5 1 . . . . , .1
1 9 5 2 . . . . .<
1 9 5 3 . . . . .1
1 9 5 4 . . . . .1
1 9 5 5 . . . . .1
1 9 5 6 . . . . , .1
1 9 5 7 . . . . .1
1 9 5 8 . . . . .1
1 9 5 9 . . . . , .1
j

48.0
50.1
52.6
51.5
46.8
46.6
46.7
44.8
4 5.9
47.6

19.1
20.6
22.2
21.4
19.0
19.0
19.6
18.4
18.8
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
3 .7
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

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

48.8
4 8.3
47.7
48.3
48.2
46.4
46.0
46.2
45.3
42.7

20.4
20.1
20.0
2 0.4
20.5
19.8
19.6
19.9
20.2
£0.3

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

5 .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

197 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 9 7 7 . . . . , .1
1 9 7 8 . . . . , .1
1 9 7 9 . . . . . .1
|

42.0
42.3
43.3
43.7
43.8
43.2
43.6
44.3
44.6
45.4

20.5
21.1
22.0
22.5
23.4
22.4
22.3
2 2.9
22.4
21.4

9 .4
10.5
11.1
10.8
11.1
12.1
12.3
12.4
12.1
11.7

8 .9
10.1
10.7
10.4
10.7
11.7
11.9
12.0
11.8
11.4

0 .4
0 .4
0 .4
0 .4
0 .5
0 .5
0 .4
0 .4
0 .3
0 .4

1 .6
1.5
1 .4
1.2
1 .2
1.3
2 .0
1.8
2 .7
4 .4

10.6
9 .2
8 .9
9 .2
8 .1
7 .4
7 .0
7.2
7 .3
7 .9

* 5.8
_______________

19.8

1 1.9

11.5

0 .4

6 .5

7 .6

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

1 9 8 0 ....,a
j







20
• A G R IC U L T U R A L F IN A N C E

200

FARM L EN D IN G OPE RATIONS AND EX PER IE NCE

2 0 1 . 1A

210

SUMMARY OF PERCENTAGE CHANGES

PRODUCTION C R E D IT
2 1 1 . 1A
2 1 2 . 1A
2 1 3 . 1A

220

230

LIFE

OF NONBANK I N S T I T U T I O N S

IN FARM LEN DING O P E R A T I O N S ....................21

(A G R I C U L T U R A L

LOANS*

EXCEPT AS NO TED )

LANO BANKS

(A G R I C U L T U R A L

LOANS),

1964-DATE

(E X C E P T

AS NOTE D)

LOANS O U T S T A N D IN G ...............................................................................................................................24
LOANS C L OS ED ............................................................................................................................................ 24
LOANS CL OS ED , 1 9 7 0 - D A T E , AND NEWMONEY LOANEO......................................................25
R E F I N A N C I N G , 1 9 7 0 - D A T E , ANDREP AYMENTS, 1 9 6 5 - O A T E .............................................25

INSURANCE COMPANIES

2 3 1 . 1A
2 3 2 . 1A
2 3 3 . 1A

SO URCE:

A S S O C IA T IO N S

1979

LOANS O U T S T A N D IN G , 1 9 5 9 - D A T E ............................................................................................... 22
LOANS MADE* 1 9 5 9 -D A T E * AND NEW LOANS , 1 9 6 0 - D A T E ............................................23
RENEWALS AND C O L L E C T I O N S , 1 9 6 0 - D A T E ............................................................................ 23

FEDERAL
2 2 1 . 1A
2 2 2 . 1A
223 .1 A
2 2 4 . 1A

NOVEMBER

DATABOOK— ANNUAL S E R IE S

FARM MORTGAGES O U T S T A N D IN 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 ,

1 9 5 2 - D A T E .......................................................................26
1 9 5 3 - D A T E .......................................................................26
1 9 5 3 - D A T E .......................................................................26

"P R OD U CT IO N C R E D IT A S S O C IA T IO N S — S EL ECT ED MONTHLY LOAN D A T A " AND
"FE D ER A L LAND BANKS— SUMMARY OF S EL EC T ED MONTHLY LOAN D A T A , "
T E C H N IC A L SE R V IC ES D I V I S I O N , FARM C R E D IT A D M I N I S T R A T I O N ;
" D I S T R I B U T I O N OF IN VES TM ENT S OF U . S . L I F E INSURANCE COMPANIES" AND
"GROSS FLOW OF MORTGAGE LOANS IN THE U N I T E D S T A T E S , "
AMERICAN COUNCIL OF L I F E IN SUR AN CE.

DATA IN T H I S S E C T I O N , A R E OE RIV ED FROM MONTHLY RE PO RTS .
ON OU T S TA N D IN G LOAN VOLUME ARE R E QU IR E D , USE THE S E R IE S

IF ONLY YE A R -E N D
I N S E C T IO N 1 0 0 .

DATA

FOR PROD UC TION C R E D IT A S S O C I A T I O N S , DATA ON LOANS OU T S T A N D IN G ANO LOANS MADE
00 NOT IN CLU DE RURAL HOME LO A NS , F AR M -R EL A TE D BU SI NE SS LO AN S, OR AQU AT IC
LOANS.
DATA ON C O L L E C TI O N S AND RENEWALS DO INC LUD E T HES E LOANS; HOWEVER,
TH ES E T Y P E S OF LOANS REPRESENTED ONLY 1 . 0 PER CENT OF TO TA L OUT S TA ND IN G LOANS
AT PRO DUCTION C R E D IT A S S O C IA T IO N S AS OF DECEMBER 1 9 7 8 .
FOR A B R IE F D IS C U S S IO N OF THE A N A L Y T IC A L VALUE OF T H E S E D A T A , SEE THE S E C T IO N
E N T I T L E D " L E N D IN G EX PERIE NCE OF NONBANK I N S T I T U T I O N S " I N "OVERALL MEASURES OF
F I N A N C I A L PE RFORMANCE," BY EMANUEL ME L IC HA R, A G R IC U L T UR A L F IN A N C E RFV1FW.
FEBRUARY 1 9 7 7 , P P . 9 2 - 9 5 .

TABLE 201.1A

21
SUMMARY OF ANNUAL PERCENTAGE CHANGES IN FARM LENDI NG OPERATIONS AND EXPERIENCE
PRODUCTION CREDI T ASSOCI ATI ONS

YEAR

IN

IL O A N S I

OUTSTANDING!MADE

___ A M Q i m __ L.
1953...!
1954.. .1
1955...|
1956...|
1957...|
1958.. .1
1959.. .1
1
1960...I
1961...|
1962.. .1
1963.. .1
1964...|
1965...|
1966...|
1967...|
1968...1
1969...|
j
1970...|
1971...|
1972...!
1973...!
1974...|
1975...!
1976...|
1977...|
1978...1

NEW

IN

|

****
****

***♦
****
♦***

****
****
***♦
****

****
****
****
****
**♦*
****
****

9.
11.
12.
14.
- 8.
13.
17.
17.
9.
17.

4.
10.
12.
10.
4.
12.
16.
13.
12.
17.

****
10.
12.
9.
1.
13.
18.
10.
7.
20.

**♦*
11.
12.
14.
12.
8.
12.
19.
22.
11.

***♦
8.
11.
7.
6.
9.
15.
9.
14.
11.

18.
15.
8.
18.
21.
13.
14.
10.
11.

17.
14.
11.
25.
10.
11.
14.
10.
16.

16.
12.
11.
31.
9.
8.
15.
8.
19.

18.
18.
10.
13.
12.
20.
12.
13.
8.

16.
14.
18.
23.
5.
15.
15.
12.
20.

****
*♦♦♦
****

♦***
♦***
****

CHANGE
i
DURING Y E A R ! .

|LOANS | NEW

I REFINANCING!

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
1

****
♦***
****
*♦*♦
*♦**
****
****

*♦**
****
****
****
****
****
****

****
****
*♦**
****
****
****

****
**♦*
♦ ***
****
****
****
****

****
*♦**
♦♦♦*
****
♦***
15.
16.
13.
9.
10.

****
****
*♦♦♦
***♦
****
****

****

****

****
**♦*
****
****
*♦**
25.
14.
-1.
-10.
9.

7.
10.
15.
20.
23.
19.
16.
16.
15.

****
53.
44.
42.
24.
7.
9.
23.
7.

-12.
41.
46.
47.
27.
4.
6.
20.
8.

**♦*
****

****
*♦♦♦
♦ ***
****
**♦*

****
****
*♦**
*♦**
****
***♦
****
***♦
***♦
*♦**
****

****

3.
3.
11.
3.

*♦**
123.
36.
20.
13.
24.
20.
35.
5.

-0.
25.
25.
26.
6.
11.
29.
25.
5.

* FOR YEARS BEFORE 1971. DATA SHOWN FOR L I F E INSURANCE COMPANIES INCLUDE ALL FARM MORTGAGE LOANS;
STARTI NG I N 1971. THE DATA SHOWN COVER FARM MORTGAGE LOANS IN THE UNI TED STATES ONLY.




INSURANCE COMPANIES*

CHANGE
I CHANGE FROM
DURING YEAR! PREVIOUS YEAR

CHANGE FROM PREVIOUS YEAR

LOANS!RENEWALS! COLLECTI ONS 0UTSTANDING1CL0SEDIMONEY |OF FED. LAND!REPAYMENTS OUTSTANDING I ACQUI - i o i S P O ~
AMOUNT___ LSIIlQNSlStlllQNS
I_______ iLQANEQJ— BANK LOANS I______________
J_______ I___________ I_______________ ___ AMQUNI
****
****
****
*♦**
****
*♦**
**♦#

****
*♦**
****

LIFE

FEDERAL LANO BANKS

CHANGE
|
CHANGE FROM PREVIOUS YEAR
DURING YEAR | ____________________________________

|
|
|
|
|
j
j
!
|
j
|
j
j
j
1
1
1
|
1
1
|
|
|
|
1
1
|
|
i

11.
9.
11.
9.
5.
3.
6.

0.
-1.
24.
-0.
-21.
7.
15.

4,
23.
3.
-5,
22.
-3.

6.
6.
7.
12.
14.
12.
9.
6.
4.
-1.

-7.
19.
12.
40.
21.
10.
-13.
-16.
-8.
-30.

- 10.
19.
6.
22.
13.
18.
-8.
- 1 2.
6.
6.

-2.
-1.
1.
6.
6.
7.
10.
19.
19.

-42.
53.
41.
43.
-1.
5.
39.
69.
16.

- 23.
19.
15.
9.
-4.
-7.
31.
25.
14.

0,

22

TABLE 211.1A
PRODUCTION CREDI T ASSOCIATIONS
LOANS OUTSTANDING

YEAR

1959....
1960. . . .
1961....
1962....
1963....
1964....
1965....
1966....
1967....
1968....
1969....
1970....
1971 . . . .
1972....
1973....
1974....
1975....
1976....
1977....
1978....




AMOUNT
1
1
I MI LLI ONS 1 CHANGE DURING YEAR
1
OF
|.
I
DOLLARS 1 MI LLI ONS
PERCENT
I( YEAR-END)1
OF
1
I _ DOLLARS..
1
*****
******
.1
1372.
I
1
.1
1490.
118.
8. 6
. |
1652.
161.
10. 8
.1
1855.
203.
12. 3
.1
2123.
268.
14. 5
.1
2296.
173.
8. 1
.1
2598.
302.
13. 2
.1
3042.
444.
17. 1
.1
3551.
509.
1 6. 7
.1
3861.
310.
8.7
.1
4533.
672.
17. 4
1
.1
5334.
17. 7
801.
781.
1 4. 6
.1
6116.
.1
6635.
519.
8. 5
1218.
1 8. 4
•1.
7853.
1649.
.1
9502.
21.0
1240.
13. 0
. I
10742.
.1
12196.
1455.
13. 5
.1
13454.
1258.
10. 3
.1
14901.
1447.
10. 8
1

NUMBER OF BORROWERS

|

1 CHANGE DJRI NG YEAR
THOUSANDS 1
( YEAR- END) |
PERCENT
1 THOUSANDS

AVERAGE SI ZE

I CHANGE DURING YEAR
| DOLLARS
i1
I ( Y EAR-END ) 1
PERCENT
1
1 DOLLARS
1
11

******

*****

1

5485.

******

*****

254. 2
261. 3
269. 0
281. 5
288. 2 •
2 93. 8
299. 4
306. 5
303 . 9
301. 2

4. 1
7. 1
7. 7
12. 5
6.7
5. 6
5.6
7. 1
-2.5
-2.7

1. 6
2. 8
2. 9
4. 7
2.4
1. 9
1. 9
2.4
-0.8
-0.9

I
1
I
1
I
i
I
I
I
1

5 861.
6321.
6897.
7542.
7966.
8844.
10161.
11587.
12704.
15050.

376.
460.
576.
645.
424.
877.
1318.
1426.
1117.
2346.

6.9
7.8
9.1
9.4
5.6
1 1. 0
14. 9
1 4. 0
9.6
18. 5

298. 2
303.8
308. 7
311 . 9
323 . 8
328. 7
3 35. 6
342. 8
353 . 4

-3.0
5.7
4.8
3. 2
11 . 9
4.9
7. 0
7. 1
10. 7

-1.0
1.9
1. 6

1
I
I
1
1
1
1
1
I

17891.
20128.
21496.
25180.
29344.
32682.
36338.
39253.
42162.

2841.
2237.
1369.
3683.
4164.
3338.
3656.
2915.
2909.

18.9
1 2. 5
6.8
17. 1
16. 5
11.4
11. 2
8.0
7.4

250. 1

1.0
3. 8
1. 5
2. 1
2. 1
3. 1

i

_

_

23

TABLE 212.1A

YEAR

1 9 5 9 ....
I9 6 0 ....
1961 . . . .
1 9 6 2 ....
1 9 6 3 ....
1964 . . . .
1 96 5 ....
1 96 6....
1 96 7 ....
1 9 6 8 ....
1 96 9 ....
1 97 0 ....
1 9 7 1 ....
1 9 7 2 ....
1 9 7 3 ....
1 97 4....
1 9 7 5 ....
1 97 6....
1 9 7 7 ....
1 97 8....

PRODUCTION CREDIT ASSOCIATIONS
LOANS MADE AND NEW LOANS

1
J
1
t MILLIONS
1
OF
| DOLLARS
1
1
1
•J
2515.
1
.1
2607.
.|
2869.
.1
3217.
.1
3551.
.1
3705.
.1
4136.
.1
4813.
.1
5428.
.1
6053.
.1
7077.
.1
.1
. I
.1
. I
.1
.1
. |
.1
1

LOANS MADE
CHANGE FROM
PREVIOUS YEAR

1

AS PERCENTAGE OF

PERCENT

1LOANS OUT| STANDING*

******

*****

*****

92.
262.
348.
333.
154.
430.
678.
615.
625.
1024.

3.7
1 0.0
12.1
10.4
4 .3
11 .6
16 .4
1 2.8
11.5
1 6.9

19 0 .1

192.5
194.8
191.4
J 7 4.5
160.1
165.2
178.4
170.5
183.3

1199.
1145.
1017.
2590.
1331.
1638.
2259.
1794.
3148.

16.9
1 3.8
10.8
2 4 .8
10.2
1 1. 4
14.1
9. 8
1 5.7

182.6
176.6
170.7
196.4
182.8
168.4
170.0
164.4
172.4

MILLIONS
OF
DOLLARS

8277.
9421.
10439.
13028.
14359.
15997.
18256.
20049.
23198.

NEW LOANS

1
1.
1
1 MILLIONS

COLLEC­ ” " l
TIONS
1
1
1
*****
1
1
148.3
1
151.2
1
152.9
1
158.1
1
156.2
I
160.1
1
162.0
1
167.0
1
162.9
1
17 1.0
1
1
1
172.5
1
172.7
1
162.5
1
165.1
1
17 3.6
1
168.4
!
167.7
1
164.6
1
158.7
1
|

|
CHANGE FROM
|
PREVIOUS YEAR
OF
1 _
DOLLARS I MILLIONS
PERCENT
|
OF
.1 Q0LLAB1 -

|LOANS OUT I STANDING*
.J___

COLL EC TIONS

******

******

*****

*****

*****

1879.
2062.
2312.
2518.
2549.
2889.
3419.
3766.
4020.
4823.

******

183.
250.
206.
31.
340.
530.
348.
254.
803.

*****
9 .8
12.1
8 .9
1 .2
13.3
18.3
10.2
6 .7
2 0 .0

136.9
13 8 .4
14 0.0
135.7
120.0
125.8
131.6
12 3.8
113.2
124.9

106.8
108.7
10 9.8
112.1
107.5
11 1.8
115.1
11 5 .9
108.2
11 6.5

5608.
6269.
6976.
9123.
9981.
10743.
12369.
13420.
16036.

786.
661.
707.
2147.
858.
767.
1621.
1050.
2616.

16.3
11.8
11.3
30.8
9 .4
7 .7
15.1
8.5
19.5

12 3.7
11 7.5
114. 1
137.5
127. 1
113.1
115.2
11 0.0
119.2

116.9
1 14 .9
10 8.6
1 15 .6
12 0. 6
113.1
1 13 .6
11 0.3
109.7

1
|

AS PERCENTAGE OF

* OUTSTANDING LOANS AT END OF PRECEDING YEAR.
"NEW LOANS" ARE COMPUTED AS LOANS MADE LESS RENEWALS. RENEWALS INCLUDE SOKE NONAGRiCULT URAL LOANS (SEE NOTE ON PAGE 2 0 ) .

TABLE 2 1 3 . 1A
PRODUCTION CREDIT ASSOCIATIONS
RENEWALS AND COLLECTIONS
RENEWALS
I

YEAR

CHANGE FROM
PREVIOUS YEAR

1 MILLIONS I
1
OF
1 1 DOLLARS I MILLIONS
1
PERCENT
1
OF
J_
J__ QOLLARS__
1

1960. . . . .1
1 96 1 ....,. 1
1 9 6 2 . . . . .1
1 9 6 3 ....,.i
1 9 6 4 . . . . , .1
1 9 6 5 . . . . , .1
1 9 6 6 . . . . . .1
1 9 6 7 . . . . . .1
1 9 6 8 . . . . . .1
1 9 6 9 . . . . , .1
|
1 9 7 0 - . . . . .1
1 97 1 ...... 1
1 9 7 2 . . . ~ .1
1 9 7 3 ...........1
1974...........1
1 9 7 5 . . . . . .1
1976...........1
1977...........1
1978...........1

|

COLLECTIONS

|
|
J
CHANGE FROM
1
AS PERCENTAGE OF
MILLIONS iI
PREVIOUS YEAR
1
OF
1
JLOANS OU T LOANS COLLECTIONS
DOLLARS I| MILLIONS
I STANDING*
MADE
AND
OF
PERCENT
1
RENEWALS
11 DOLLARS
1

|
AS
IPERCENTAGE
1 OF LOANS
1
OUT1 STANDING*
1

729.
807.
906.
1033.
1156.
1247.
1395.
1662.
2033.
2255.

******
78.
99.
127.
123.
91.
148.
267.
371.
221.

*****
10.7
12.2
1 4. 0
1 1. 9
7.9
11.9
19.1
2 2 .3
1 0.9

5 3.1
5 4 .2
5 4 .8
5 5 .7
5 4 .4
5 4. 3
5 3. 7
5 4 .6
5 7. 3
5 8 .4

2 8 .0
2 8.1
2 8. 2
29. 1
31.2
3 0.2
29 .0
3 0. 6
3 3 .6
3 1 .9

29.3
29.8
30.1
31 .5
32.8
32.5
31.9
33.8
3 5 .4
35 .3

1759.
1897.
2105.
2247.
2372.
2584.
2971.
3250.
3715.
41 4 0.

******

*****

138.
2 08 .
142.
126.
2 12 .
387.
279.
4 65 .
42 5.

7 .9
1 1. 0
6 .7
5 .6
8 .9
1 5. 0
14.3
1 1 .4

12 8.2
12 7.3
1 27 .4
121.1
111.7
11 2.5
11 4.3
10 6.8
1 0 4 .6
10 7 .2

2668.
3152.
346 3.
3 90 5.
4378.
5249.
5886.
6630.
7162.

414.
484.
311.
4 42 .
472.
871.
638.
743.
5 32 .

1 8. 4
18.1
9 .9
1 2 .8
12.1
1 9 .9
12.1
1 2 .6
8 .0

5 8 .9
5 9.1
5 6 .6
5 8 .9
5 5. 7
5 5. 2
5 4. 8
5 4 .4
5 3.2

3 2 .2
3 3. 5
3 3. 2
3 a. o
3 0 .5
3 2 .8
3 2. 2
33.1
3 0 .9

35 .7
36.6
3 5.0
33.1
3 4. 6
3 5. 6
35.1
35 .3
3 2.9

4799.
5456.
6423.
7892.
8273.
9501.
10888.
12164.
14614.

659 .
6 58 .
967.
1469.
38 1.
1228.
1387.
1276.
24 50.

1 5 .9
1 3. 7
1 7.7
22.9
4.8
1 4 .8
1 4. 6
1 1 .7
2 0. 1

105.5
10 2.3
1 0 5 .0
1 18 .9
1 05 .4
1 00 .0
1 01 .4
9 9 .7
10 8 .6

1 .

* OU TS TA ND IN G LOANS AT

END OF PRE CED ING Y EA R .

RENEWALS AND C O L L E C T IO N S




INCLUDE

SOME NGNAG RIC ULT UR AL

LOANS

(S E E

NOTE ON PAGE 2 0 ) .

9 .4

24
TABLE 221.1A

YEAR

1 9 6 4 ....
1 96 5....
1 9 6 6 ....
1 9 6 7 ....
1 9 6 8 ....
1 9 6 9 ....
1 9 7 0 ....
1 9 7 1 ....
1 9 7 2 ....
1 9 7 3 ....
1 9 7 4 ....
1 9 7 5 ....
1 9 7 6 ....
1 9 7 7 ....
1 9 7 8 ....

FEDERAL LAND BANKS
LOANS OUTSTANDING

AMOUNT
1
1
1 MILLIONS | CHANGE DURING YEAR
1
OF
|
| DOLLARS 1 MILLIONS
PERCENT
OF
i ( Y E A R -E N D ) I
1
1 DOLLARS
1
******
*****
.1
3717.
15.1
.1
4280.
563.
15 .8
.1
4957.
677.
13.1
.1
5608.
651.
9.2
.|
6125.
517.
9. 6
.1
6713.
588.
1
7 .0
473.
.1
7186.
10.2
.1
7917.
731.
14.8
.1
9092.
1175.
2 0 .4
.1
10947.
1855.
2 2 .9
2509.
.|
13456.
1 9. 0
.1
16014.
2557.
15.7
2510.
.1
18524.
1
5. 9
.1
21466.
2942.
14 .9
3202.
.1
24668.
_ l -----

NUMBER OF LOANS

1

1 CHANGE DURING YEAR
THOUSANDS 1
(YEA R-END)|
PERCENT
1 THOUSANDS
___L
L_

AVERAGE SIZE

1
1 CHANGE DURING YEAR
1 DOLLARS
|
1(YEA R-EN D)I
PERCENT
1
1 DOLLARS

38 0.6
384.2
38 9.7
395.6
398.3
40 2.4

******
3.6
5.5
5.9
2. 7
4.1

*****
0.9
1 .4
1.5
0.7
1.0

1
1
1
1
1
I

9766.
11139.
12718.
14175.
15377.
16681.

******
1373.
1579.
1457.
1202.
1304.

*****
14. 1
14.2
11.5
8 .5
8.5

40 4.2
40 4.6
40 7 .6
41 4.8
429.2
44 2.8
45 0.8
45 9.5
471.2

1.8
0 .4
3 .0
7.1
14.5
13.5
8.1
8. 7
11.6

0 .4
0.1
0.8
1.8
3.5
3.2
1.8
1.9
2.5

1
I
I
I
1
I
1
I
I

17778.
19568.
22304.
26393.
31349.
36166.
41088.
46714.
52355.

1096.
1790.
2736.
4089.
4956.
4817.
4922.
5626.
5641.

6.6
10.1
14 .0
1 8. 3
1 8.8
1 5. 4
1 3 .6
13 .7
12.1

TABLE 2 2 2 . I A
FEDERAL LAND BANKS
LOANS CLOSED

YEAR

AMOUNT
1
1
CHANGE FROM
i
11
PREVIOUS, YEAR
I MILLIONS |1
i
OF
|L__... . . .. ..
1 DOLLARS 11 MILLIONS
PERCENT
OF
1
11

NUMBER OF LOANS

l
1

I
CHANGE FROM
1
I
PREVIOUS YEAR
1
| THOUSANDS I
1
t
| THOUSANDS
PERCENT
l

1
1 _
L
|
1 DOLLARS
1
|

AVERAGE SIZE
1
(
1
t
|

CHANGE FROM
PREVIOUS YEAR
DOLLARS

PERCENT

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

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

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

31571.
37870.
44458.
54802.
63118.
72056.
79480.
90616.
96432.

******
62 99.
6588.
10345.
8316.
8937.
742 5.
11135.
5817.

*****
2 0. 0
1 7 .4
2 3 .3
15.2
14.2
10 .3
14.0
6.4

J__ QDLLA&5_____________ 1___________ 1_______________________ i.
1 9 6 4 ....
1 9 6 5 ....
1 9 6 6 ....
1 9 6 7 ....
1 9 6 8 ....
1969--------

.j
. l
.j
.j
. |
.j

1 97 0 ....
1 9 7 1 ....
1 9 7 2 ....
1 9 7 3 ....
1 9 7 4 ....
1 9 7 5 ....
1 9 7 6 ....
1 9 7 7 ....
1 9 7 8 ....

.1
.1
.1
.1
.1
.1
.1
.1
. |
_ L_




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

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

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

1017.
1555.
223 8.
3169.
3940.
4219.
4585.
5619.
6014.

******
538.
683.
931.
771.
279.
366.
1034.
395.

*****
5 2. 9
4 3 .9
4 1 .6
2 4 .3
7 .1
8.7
2 2 .5
7.0

1
1
!
1
1
1
1
1
1
1
1
1
l
»
1
1
— 1—

5 4. 8
5 8. 4
5 4 .0
4 8. 5
4 0 .8
3 8 .4

******
3 .7
-4 .4
-5 .5
-7 .7
-2 .5

*****
6.7
-7 .6
-1 0.2
-1 5 .8
-6 .0

3 2. 2
41.1
50.3
5 7.8
62.4
58.6
5 7.7
6 2 .0
6 2 .4

-6 .2
8.9
9 .3
7.5
4 .6
-3 .9
-0 .9
4.3
0 .4

-1 6.1
27.5
22.6
14.9
7. 9
-6 .2
-1 .5
7.5
0.6

1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
L

25

TABLE 223.1A

YEAR

1 96 4 ....
1 9 6 5 ....
1 96 6....
1 96 7 ....
1 96 8....
1 96 9 ....
1 9 7 0 ....
1 97 1....
1 9 7 2 ....
1 9 7 3 ....
1 9 7 4 ....
1 9 7 5 ....
1 9 7 6 ....
1 97 7....
1 9 7 8 ....

FEDERAL LAND BANKS
LOANS CLOSEO AND NEW MONEY LOANED

LOANS CLOSED
1
|
FROM
CHANGE
1
AS PERCENTAGE OF
PREVIOUS YEAR
| MILLIONS
1
OF
REPAY­
LOANS OUT­
MILLIONS
1 DOLLARS
STANDING*
MENTS
PERCENT
OF
1
11
1
1 DOLLA RS
1
******
*****
.)
******
*****
*****
*****
*****
.|
******
*****
******
*****
*****
. | ******
******
*****
******
*****
.|
******
*****
*****
******
*****
*****
.j
******
*****
*****
*****
| ******
******
*****
1
******
*****
25 5.6
15.1
.1
1017.
5 2 .9
21.6
31 2. 0
538.
.1
1555.
360.4
4
3
.9
28
.3
683.
.1
2238.
4 1 .6
3 4. 9
4 04 .3
.1
3169.
931.
36.0
47
4.5
771.
2
4
.3
.1
3940.
31 .4
279.
7. 1
4 58 .5
.1
4219.
28.6
38
6 .9
366.
8
.7
.1
4585.
30 .3
380.6
1034.
2 2 .5
.1
5619.
2
8.0
3
86
.4
395.
7.0
.1
6014.

_

* OUT S TA ND IN G LOANS A T

YEAR

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

.1
146.
.1
326.
•I
442.
.1
530.
.1
600.
•1
742.
.1
890.
.1
1201.
•1
1256.
- J _______________

AS PERCENTAGE OF
REPAY­
MENTS

707.
887.
1012.
998.
902.
985.

******
180.
125.
-1 5.
-9 5.
84.

*****
2 5.5
14.1
-1 .4
-9 .5
9 .3

*****
2 3 .9
2 3 .6
2 0 .1
16.1
16.1

*****
27 3 .3
3 0 1 .9
2 8 8 .2
2 34 .3
2 4 7 .5

871.
1229.
1796.
2639.
3340.
3478.
3696.
4418.
4758.

-1 16 .
358.
567.
843.
701.
138.
218.
723.
340.

-1 1 .7
4 1. 2
46.1
4 7 .0
2 6. 5
4 .1
6 .3
19.6
7 .7

1 3.0
17.1
2 2 .7
2 9 .0
3 0 .5
25.8
2 3 .1
23.9

2 18 .9
24 6.6
28 9 .2
3 36 .7
4 0 2 .2

22.2

3 0 5 .7

3 77 .9

3 1 1 .8
2 99 .3

FEDERAL LAND BANKS
REFINANCING ANO REPAYMENTS
R EF IN A N C IN G OF

FEDERAL

CHANGE FROM
1
1i
PREVIOUS YEAR
|1
11 M IL L IO N S
PERCENT
OF
11
1! n O L lA R S

LAND BANK LOANS

REPAYMENTS

1
i
AS PERCENTAGE OF
1
I LOANS O U T RE F IN A N C IN G
LOANS
I STAND ING*
CLOSED
AND
1
REPAYMENTS

M IL L IO N S
OF
DOLLARS

CHANGE FROM
PREVIO US YEAR

|
|
1 M IL L IO N S
OF
1 DOLLARS

PERCENT

1
AS
(PERC EN TAG E
1 OF LOANS
1
OUTI STAND ING*
1

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

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

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

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

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

325.
335.
346.
385.
399*

11.
11.
39.
13.

** * * *
3 .3
3 .3
11.3
3 .5

8 .7
7 .8
7 .0
6 .9
6 .5

******
1 80 .
1 16 .
88.
70.
141.
148.
311.
55.

** * * *
123.2
35.7
19.8
13.3
23.5
19.9
35.0
4 .6

2 .2
4 .5
5 .6
5 .8
5 .5
5 .5
5 .6
6 .5
5 .8

14.4
21.0
19.8
16.7
15.2
17.6
19.4
21.4
20.9

26.8
39.5
41.6
40.3
42.0
44.6
4 2.9
44.9
44.6

398.
498.
621.
784.
830.
920.
1185.
1476.
1557.

-1 .
101.
123.
163.
47.
90.
265.
291.
80.

-0 .2
2 5.3
24.6
2 6.2
6 .0
10.8
28.8
24* 6
5 .4

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

• OUTSTANDING LOANS AT ENO OF PRECEDING YEAR.
•REFINANCING OF FEDERAL LAND BANK LOANS" IS COMPUTED AS LOANS CLOSEO LESS NEW MONEY LOANEO,
"REPAYMENTS” ARE COMPUTED AS NEW MONEY LOANED LESS THE CHANGE IN LOANS OUTSTANDING.




I

1LOANS OU T I STANDING*

END OF PRECEDING YE A R.

TABLE 224.1A

1
1
1
1 M IL L IO N S
1
OF
1 DOLLARS
I
1
1
. | * ** ***
.1
* ** * **
. |
*** ***
. | ******
. j
** * * **
i

NEW MONEY LOANED
CHANGE FROM
11
PREVIOUS YEAR
MILLIONS 1I
OF
|1
DOLLARS 11 MILLIONS
PERCENT
OF
1!
li
DOLLARS

26
S E C T IO N

LIFE

230

INSURANCE

TO THE AMERICAN CO U N CIL

OF L I F E

TABLE

INSURANCE

2 3 3 . 1A

FARM MORTGAGE A C Q U I S I T I O N S

FARM MORTGAGES OU TS TA N D IN G

YEAR

COMPANIES REP ORTING

T A BL E 2 3 2 . 1A

TA BL E 2 3 1 . 1A

1
| M IL L IO N S 1 CHANGE DURING YEAR
OF
|
DOLLARS | M IL L IO N S
PERCENT
(Y E A R -E N D )1
OF
1 DOLLARS

FARM MORTGAGE D I S P O S I T I O N S
1
1
|
AS PER - !
CHANGE FROM
I
CHANGE FROM
1
1 AS PER­
M IL L IO N S 1
PREVIOUS. YEAR
IC EN TA GE OF! M IL L IO N S 1
PR EVI OU S YEAR
C E N T A G E OF
OF
|.
OF
1 MORTGAGES!
1
1 MORTGAGES
1 DOLLARS 1 M IL L IO N S
OUTDOLLARS i M I L L I O N S
1
1
OUTOF
PERCENT
| S T A N D IN G * !
Percent
1
OF
1
1 S TA NDI NG *
|
1
DOLLARS
_____________ i .
_ 1
... .....
- 1- DOLLARS
ALL

FARM MORTGAGE LOANS

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

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

*****

*****

18 7 .
174.
218.
206.
1 15.
82.
1 59 .

11.1
9 .3
10.7
9.1
4 .7
3 .2
6 .0

*** * **
417.
413.
513.
511.
406.
436.
503.

* *** *
*** **
-4 .
100.
-2 .
-1 0 5 .
30.
67.

*** **
*** **
-1 .0
24.2
-0 .4
-2 0 .5
7 .4
15.4

*♦**
2 4.7
22.1
25.1
2 2.6
16.4
16.9
18.9

1
1
1
1
1
1
1
1
1
1

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

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

*** **
*** **
3 .9
23.4
3 .4
-4 .6
21.6
-2 .8

*** *
13.6
12.8
14.4
13.5
11.8
13.7
12.9

1 9 6 0 ...|
1 9 6 1 ...|
1 9 6 2 ... |
1 9 6 3 ... |
1 9 6 4 ... |
1 9 6 5 ... |
1 9 6 6 ...1
1 9 6 7 ... |
1 96 8 .. . i
1 9 6 9 ...|

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

1 57 .
187.
230.
392.
512.
519.
417.
329.
234.
-3 0 .

5 .6
6 .3
7 .3
11.5
13.5
12.1
8.6
6 .3
4.2
-0 .5

467.
555.
619.
866.
1047.
1149.
994.
837.
772.
540.

-3 6 .
88.
64.
247.
181.
102.
-1 5 5 .
-1 5 7 .
-6 5 .
-2 3 2 .

-7 .2
18.8
11.5
39.9
20.9
9 .7
-1 3 .5
-1 5 .8
-7 .8
-3 0 .1

16.5
18.6
19.5
25.5
2 7.6
26.7
20.6
16.0
13.9
9 .3

310.
368.
389.
474.
535.
630.
577.
508.
538.
570.

-3 4 .
58.
21.
85.
61.
95.
-5 3 .
-6 9 .
30.
32.

-9 .9
18.7
5 .7
21.9
12.9
17.8
-8 .4
-1 2 .0
5 .9
5 .9

11.0
12.3
12.3
13.9
14.1
14.6
12.0
9 .7
9 .7
9 .8

1 9 7 0 ...|
1 97 1 ...|
1 9 7 2 ... 1
1 9 7 3 ...|
1 9 7 4 ... |
1 9 7 5 ...|
1976. . . |
1 9 7 7 ...|
1976.

5649.
5601.
5678.
5996.
6327.
6753.
7425.
8842.
10499.

-1 2 4 .
-4 8 .
77.
318.
331.
426.
672.
1417.
1657.

-2 .1
-0 .8
1.4
5 .6
5 .5
6 .7
10.0
19.1
18.7

314.
503.
700.
1006.
1007.
1075.
1540.
2460.
2748.

-2 2 6 .
189.
197.
306.
1.
68.
465.
920.
288.

-4 1 .9
60.2
39.2
4 3.7
0 .1
6 .8
43.3
59.7
11.7

5 .4
8 .9
12.5
17.7
16.8
17.0
22.8
33.1
31.1

1
1
1
1
1
!
1
1
1
1
1
1
1
1
1
1
1
1
1
1
___ L

438.
551.
623.
688.
676.
649.
868.
1043.
1091.

-1 3 2 .
113.
72.
65.
-1 2 .
-2 7 .
219.
175.
48.

-2 3 .2
2 5 .8
13.1
10.4
-1 .7
-4 .0
33.7
2 0.2
4 .6

7 .6
9 .8
11.1
12.1
11.3
10.3
1 2.9
14.0
12.3

FARM MORTGAGE LOANS IN

THE U N I T E D

******

*****

*****

*** *

438.
521.
597.
651.
627.
583.
765.
954.
1089.

83.
76.
54.
-2 4 .
-4 4 .
183.
189.
135.

18.9
14.7
9.1
-3 .7
-7 .1
31.4
24.6
14.2

7 .7
9 .3
10.8
11.6
10.6
9 .3
1 1.4
12.9
12.3

1 9 6 9 ...|

5714.

*****

*****

*** ***

*****

*****

* ***

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

5591.
5551.
5630.
5942.
6273.
6697.
7400.
8819.
10478.

-1 2 4 .
-4 0 .

-2 .2
-0 .7
1 .4
5.5
5 .6
6 .8
10.5
19.2
1 8. 8

314.
481.
676.
964.
958.
1007.
1402.
2373.
2 748.

*****

*** **
53.0
40.6
4 2.6
-0 .6
5 .2
39.3
69.2

5 .5
8 .6
12.2
17.1
16. 1
16.1
20.9
32.1
31.2

♦ OU T S T A N D IN G AMOUNT AT

79.

312.
330.
424.
703.
1419.
1659.

END OF PRECEDING

FOR ALL FARM MORTGAGE LOANS*




166.
195.
288.
-6 .
49.
395.
971.
375.

15.8

S T A TE S
(
1
1
1
!
!
1
1
1
1
1
1
I

YE AR .

"FARM MORTGAGE 0 1 S P O S IT IO N S "

ARE COMPUTED AS A C Q U I S I T I O N S

LESS

THE CHANGE

IN MORTGAGES O U T S T A N D IN G .

AGRICULTURAL FINANCE DATABOOK— ANNUAL SERIES

400
410

NOVEMBER 1979

INTEREST RATES ON FARM DEBT
AVERAGE RATES ON OUTSTANDING DEBT
411.1

MORTGAGE DEBT,

19 10 -D AT E, AND NON-REAL-ESTATE DEBT,

E C O N O M I C S ^ S T A T I S T I C S ^ A N D ^ O O P E R A T I VES SERVICE,
U . S . DEPARTMENT OF AGRICULTURE.




1 9 4 0 -D A T E .. . . 2 8

27

28
TABLE 411.1
*
YEAR

AVERAGE INTEREST RATES ON OUTSTANDING FARM DEBT
1
|
1
|
1
1

MORTGAGE DEBT, JANUARY 1
1
ALL
|
LENDERS |
1

1
11
FEDERAL |1
LIFE
1
OTHER
LAND
1I INSURANC E|
LENDERS
BANKS
1| COMPANIES|
J_____________ J-LO M ltiELL
***
*♦*

OTHER LENDERS

(PERCENT)
1 non- r e a l - e s t a t e - d e b t
1
PRODUCTION
1
_|
CREDIT
BANKS
ASSOCIA­
MISCEL­ 1
LANEOUS 1
TIONS

BANKS

INDIVIDUALS

6 .2
6 .3
6 .3
6.4
6.4
6.4
6.5
6 .5
6.4
6 .4

6 .0
6 .0
6 .0
6.1
6.0
6.1
6.1
6.1
6.1
6.1

6 .5
6 .5
6 .5
6 .5
6.5
6 .5
6 .5
6 .5
6.4
6.4

***
***
***
***
***
***
***
***
***
*♦*

**♦
***
***
***
***
***
***
***
***
***

6 .1
6 .1
6 .2
6. 3
6 .3
6 .3
6 .3
6 .3
6 .2
6. 2

6 .3
6.4
6.6
6 .7
6.7
6 .6
6.6
6 .4
6 .3
6.2

***
♦ **
***
***
***
***
***
***
***
***

***
***
***
***
***
***
***
♦**
***
***
***
***
***

***
♦**
***
***
♦**
5.0
5.3

5 .5
5 .5
5 .6
5 .6
5 .7
5 .7
5 .8
5 .8
5.7
5 .8

6. 1
***
***
***
**♦
***
***

6 .1
6.2
6 .3
6.4
6 .3
6 .3
6.2
6 .1
6 .1
6 .0

5 .4
5 .4
5 .5
5.6
5 .6
5 .6
5 .6
5 .5
5.4
5.4

5 .8
5 .8
6 .0
6.0
5.9
5.9
5.9
5.8
5.8
5.7

6 .2
**♦
***
***
***
***
♦**
***
***

6.5
6 .6
6.9
7.0
7.0
6.9
6.8
6 .7
6 .6
6.6

1930........... |
1 9 3 1 .... . |
1932.......... |
1933 .......... I
1934........... |
1935.......... 1
1936 .......... 1
1937........... |
1 9 3 8 ..... 1
1939........... I

6 .0
6.0
6 .0
6.0
5 .8
5 .5
5.1
4.9
4 .7
4.6

5.4
5 .4
5 .4
5 .4
4.5
4.6
3. 9
4 .0
3 .7
3 .7

5 .7
5 .6
5 .6
5.6
5.6
5.6
5 .6
5.5
5 .3
5 .1

6.2
6 .2
6 .2
6 .2
6.1
6 .0
5 .8
5 .7
5 .6
5 .4

6.5
6.6
6.6
6.6
6.5
6 .3
6 .2
6.0
5 .8
5 .7

6 .1
6 .1
6.1
6.1
6.0
5 .9
5.8
5 .6
5. 5
5.3

6. 1
6 .1
6 .1
6. 1
6 .1
6.0
5 .8
5 .6
5 .4
5 .3

**♦
***
♦**
***
***
***
***
***
***
***

***
***
*#*
***
***
***

1940...........
1941..........
1942...........
1943..........
1944...........
1 9 4 5 .... .
1946...........
1947..........
1948 ..........
1949 . . . . .

I
1
I
I
I
|
|
1
1
1

4.6
4 .5
4.4
4.4
4.4
4 .5
4.6
4.5
4 .5
4.5

3 .7
3.5
3 .5
3 .5
3.5
4 .1
4 .2
4 .2
4 .1
4 .1

4.9
4.8
4.8
4.7
4.5
4.5
4.4
4.4
4 .3
4 .3

5 .3
5 .2
5.1
5 .0
4.9
4 .8
4 .8
4.7
4.7
4.6

5 .5
5 .5
5 .4
5.4
5 .3
5 .2
5.2
5.1
5 .1
5 .0

5.2
5.2
5.1
5.0
5. 0
4 .9
4. 9
4 .7
4 .6
4 .6

5. 1
4 .9
4.8
4.6
4 .4
4 .2
4 .3
4 .3
4.3
4 .3

***
*#*
***
7.1
6 .6
6.3
6. 1
6 .2
6 .2
6.4

5.5
5.3
5. 2
5.2
5 .3
5 .4
5.4
S .4
5 ,7
6 .1

1950...........
1951...........
1952...........
1953...........
1954...........
1955 ..........
1956...........
19 57 ..........
1958...........
1 9 5 9 .... .

1
1
I
t
|
1
i
1
I
I

4 .5
4 .5
4.6
4.6
4 .6
4.7
4 .7
4 .7
4 .8
4 .9

4 .1
4.1
4 .1
4 .1
4 .1
4. 1
4 .1
4 .1
4 .2
4.4

4 .3
4 .3
4.4
4 .4
4.5
4.5
4 .6
4.6
4.7
4.8

4.7
4.7
4.8
4.8
4.8
4.9
4.9
5 .0
5 .0
5.1

5 .0
5.1
5 .2
5 .2
5. 3
5. 3
5 .3
5.4
5 .5
5.6

4 .6
4 .6
4 .7
4 .7
4 .7
4 .8
4 .8
4 .9
4. 9
4.9

4.4
4 .5
4.5
4.6
4.6
4.6
4.6
4 .8
4.9
5 .0

6 .4
6.4
6 .5
6.6
6.4
6.4
6 .5
6 .7
6 .7
6 .8

6.1
6 .2
6.5
6.5
6.4
6.1
6 .2
6 .7
6.8
6 .6

1960........... I
1961 .......... 1
196 2 .......... 1
1963 .......... \
1964........... 1
1965.......... 1
1966.......... I
1967........... I
1968 ........... I
1 9 6 9 . . . . 5

5 .0
5.1
5 .2
5 .3
5. 3
5 .4
5 .4
5 .4
5 .6
. 7

4.6
4.8
4.9
5 .0
5. 1
5 .2
5 .2
5.4
5 .6
5. 7

5 .0
5.1
5 .2
5 .3
5 .4
5 .5
5 .5
5 .6
5 .7
5. 8

5.1
5 .2
5. 2
5 .3
5 .3
5 .4
5 .4
5.4
5 .5
5. 6

5 .7
5 .8
5.9
6.0
6.0
6.0
6. 0
6.0
6 .2
6. 3

4 .9
4.9
5.0
5.1
5.1
5.1
5.1
5.1
5.2
5. 2

5.1
5. 3
5.2
5. 3
5 .4
5 .4
5 .5
5 .6
5 .9
5. 9

6.8
6 .8
7.0
6.9
6.7
6 .7
6 .8
7 .0
7 .3
7. 8

7.3
6.6
6.4
6. 3
o.5
6 .6
6 .9
7 .3
7 ;4
7. 8

1970...........
1971..........
1 9 7 2 .....
1973...........
1974...........
1975..........
1976..........

5 .8
6.0
6 .0
6 .2
6 .5
6.9
7.2

6.0
6 .4
6.5
6.6
7.0
7 .8
8 .2

5 .9
6 .0
6 .2
6.3
6.7
6 .9
7. 2

5 .7
5.R
***
***
***
***
*♦*

6 .5
6.7
7. 1
7.4
7 .7
8 .0
8 .3

5 .3
5.4
5.5
5.7
6.0
6.1
6.1

6 .2
6. 2
***
***
♦**
♦**
***

8.1
7 .9
7.8
8 .4
9 .2
8 .8
8 .9

9 .0
7 .4
7.1
8.1
9 .3
8 .8
8 .2

I
I
I
|
i
|
|
|
|
|

6 .0
6 .0
6 .1
6 .1
6 .1
6 .1
6 .2
6.1
6. 1
6 .1

1920........... |
1921.......... \
1922........... |
1923........... |
1924.......... I
1925.......... |
1926........... 1.
1927 .......... |
1928.......... |
1929........... |

1910..........
1911...........
1912 ..........
1913..........
1914 ...........
1915...........
1916...........
1917 ..........
1918...........
1919 ..........

I
I
I
I
I
|
I

***
***

DATA FOR NON-REA L-E STA TE DEBT INCLUDE SERVICE CHARGES.
DATA FOR "FEDERAL LAND BANKS" INCLUDE DEBT OWED TO THE FEDERAL FARM MORTGAGE CORPORATION ( 1 9 3 3 - 1 9 5 5 ) .
STARTING IN 1972, DATA SHOWN UNDER "I ND IV ID U AL S " IS FOR "INDIVI DUA LS AND OTHERS," WHICH INCLUDES DEBT SHOWN UNDER "MISCELLANEOUS"
IN EARLIER YEARS, EXCEPT THAT DEBT OWED TO THE FARMERS HOME ADMINISTRATION IS EXCLUOED.
THE JANUARY 1 RATE ON THE LATTER DEBT WAS
5 .0 PERCENT IN 19 72 -7 8 AND 5 .4 PERCENT IN 1979.




AGRICULTURAL FINANCE DATABOOK— ANNUAL SERIES

500

BALANCE SHEET AND ASSETS OF THE FARMING SECTOR, JANUARY I ,

510

CURRENT DOLLARS

511.1
511.2
511.3
51 1.4
512

520

AMOUNTS..........................................................................................................................................30
CHANGE DURING YEAR............................................................................................................... 31
PERCENTAGE CHANGE DURING YEAR......................................................................................32
PERCENTAGE D IS T R I B U T IO N .................................................................................................... 33

IN 1967 DOLLARS

512.1
512.2
512.3
5 12 .4

AMOUNTS.......................................................................................................................................... 34
CHANGE DURING YEAR................................................................................................................35
PERCENTAGE CHANGE DURING YEAR.......................................................................................36
PERCENTAGE CHANGE DURING PREVIOUS FIVE YEARS.................................................. 37

ASSETS

521

CURRENT DOLLARS

521.1
521.2
521.3
52 1 .4
522

AMOUNTS.......................................................................................................................................... 38
CHANGE DURING YEAR................................................................................................................39
PERCENTAGE CHANGE DURING YEAR.......................................................................................40
PERCENTAGE D IS T R I B U T IO N ......................................................................................................41

IN 1967 PRICES

522.1
522.2
52 2.3
5 22 .4

AMOUNTS.......................................................................................................................................... 42
CHANGE DURING YEAR.....................................................................
43
PERCENTAGE CHANGE DURING YEAR......................................................................................44
PERCENTAGE D IS T R I B U T IO N .......................................................................................
45

IM P L IC IT PRICE DEFLATORS FOR ASSETS
531.1
531.2

540

1940-DATE

BALANCE SHEET, MAJOR ASSETS AND CLAIMS

511

530

NOVEMBER 1979

INDEX, 1967=100...................................................................................................................... 46
PERCENTAGE CHANGE DURING YEAR.................................................................................... 47

I M P L I C I T NET INVESTMENT, CAPITAL GAINS,' AND RELATED DATA
541.1
542.1
543.1
544.1
545.1

SOURCE:

CHANGES IN ASSETS, L I A B I L I T I E S , AND NET WORTH...............................................48
I M P L IC IT NET INVESTMENT AND INTER-SECTOR TRANSFERS................................... 49
I M P L IC IT NOMINAL CAPITAL GAINS...................................................................................50
IM P L IC IT REAL CAPITAL GAINS..........................................................................................51
CAPITAL GAINS COMPARED WITH FARM CASH FLOW ANDNET INCOME..................... 52

BALANCE SHEEI Qf ..I HE-EARM1M£.S£(1IQR,
ECONOMICS, S T A T I S T I C S , AND COOPERATIVES SERVICE,
U . S . DEPARTMENT OF AGRICULTURE.

DO NOT CONFUSE BALANCE SHEET DATA IN CONSTANT DOLLARS (TABLE 5 1 2 .1 ) wITH ASSET
DATA IN CONSTANT PRICES (TABLE 5 2 2 . 1 ) .
THE FOOTNOTES TO THESE TABLES EXPLAIN
THE DIFFERENCE.
NOTE THAT USE OF THE TERMS “ CONSTANT DOLLARS" AND "CONSTANT
PRICES" IS HIGHLY USEFUL IN D IFF ERE NT IAT ING BETWEEN THESE TWO CONCEPTS.
BE
AWARE, HOWEVER, THAT THIS HELPFUL D IS T IN C T IO N IS NOT CURRENTLY MADE BY ALL
ORIGINATORS OF ECONOMIC DATA.
FOR EXAMPLE, REAL GNP, LABELED AS " I N 1972
DOLLARS" BY THE DEPARTMENT OF COMMERCE, IS ACTUALLY " I N 1972 P R IC ES ," AS EACH
COMPONENT OF GNP IS DEFLATED BY AN INDEX OF I T S OWN PRICES.
SECTION 540 PRESENTS SERIES ON NET INVESTMENT AND CAPITAL GAINS DERIVED FROM
BALANCE SHEET DATA IN THE TR ADITION OF PREVIOUS WORK BY DAVID BOYNE, DALE
HOOVER, KUL BH ATIA, AND OTHERS.
THIS LITERATURE ON NOMINAL AND REAL CAPITAL
GAINS IN AGRICULTURE IS SUMMARIZED IN THE SECTION EN TITLED "REAL WEALTH
EFFECTS OF PRICE CHANGES" IN "AGRICULTURAL FINANCE AND CAPITAL MARKETS," BY
JOHN R. BRAKE AND EMANUEL MELICHAR, A SURVEY OF AGRICULTURAL ECONOMICS
L I T E R A T U R E . VOLUME 1 , LEE R. MARTIN, EDITOR, UNIVERSITY OF MINNESOTA PRESS,
1977, PR. 4 45 -4 4 7 .
MORE DETAIL AND A DISCUSSION OF METHODOLOGY IS PRESENTED IN "CAPI TAL GAINS IN
THE U . S . FARMING SECTOR, NOMINAL AND REAL, 1 9 4 0 -1 9 7 4 , " BY EMANUEL MELICHAR AND
MARIAN SAYRE, A PAPER PRESENTED AT THE MEETING OF THE AMERICAN AGRICULTURAL
ECONOMICS ASSOCIATION, AUGUST 11, 1975 (AVAILABLE FROM THE AUTHORS UPON RE­
Q U E S T ).
AS RECOMMENDED IN THE CONCLUSIONS OF THAT PAPER ( P . 7 ) , SECTION 540
USES THE APPROACH DESCRIBED AS "METHOD B , " EXTENDS I T TO ALL BALANCE SHEET
ITEMS, AND USES BALANCE SHEET DATA WITHOUT PRIOR ADJUSTMENT.
FOR A RECENT DISCUSSION OF THESE CAPITAL GAINS SERIES, SEE "CAPI TAL GAINS
VERSUS CURRENT INCOME IN THE FARMING SEC TO R," BY EMANUEL MELICHAR, A PAPER
PRESENTED AT THE MEETING OF THE AMERICAN AGRICULTURAL ECONOMICS ASSOCIATION,
AUGUST 1, 1979 (AVAILABLE FROM THE AUTHOR UPON REQUEST).
A CONDENSED VERSION
DECEMBER 1979.




29

30
TABLE 511.1

BALANCE SHEET OF THE FARMING SECTOR, JANUARY 1
CURRENT DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS
1
|
1
|
1
1

YEAR

1 9 4 0 ....
1 9 4 1 ....
1 9 4 2 ....
1 9 4 3 ....
1 9 4 4 ....
1 9 4 5 ....
1946. . . .
1 9 4 7 ....
1 9 4 8 ....
1 9 4 9 ....
1 9 5 0 ....
1951 . . . .
1 9 5 2 ....
1 9 5 3 ....
1 9 5 4 ....
1 9 5 5 ....
1 9 5 6 ....
1 9 5 7 ....
1 9 5 8 ....
1 95 9....

.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
f
.1
.1
.1
.!
•
.1
.1
.1
.1
.1

I9 6 0 ....
1 9 6 1 ....
1 9 6 2 ....
1 9 6 3 ....
1 9 6 4 ....
1 9 6 5 ....
1966. . . .
1967. . . .
1 9 6 8 ....
1 9 6 9 ....
1 9 7 0 ....
1 9 7 1 ....
1 9 7 2 ....
1 9 7 3 ....
1974. . . .
1 9 7 5 ....
1 9 7 6 ....
1977. . . .
1 9 7 8 ....
1979. . . .
1 9 8 0 ....




.1
.1
. I
.1
.1
.1
.1
.1
.1
.1
a
1
.!
.1
.1
.1
.1
.|
.I
.1
.1
.!
a
1
.1

ASSETS

TOTAL

1
|
|
1

REAL
ESTATE

1
|
1
1

1
1
1
1
1
FIN ANCIAL!

CLAIMS

NON-REAL-ESTATE
TOTAL

PHYSICAL

TOTAL

1
1
|
1

LIA BILITIES
TOTAL

CCC LOANS

1
1PROPRIETORS'
DEBT
| EQ U ITI ES
EXCLUDINGI

J___________ ]__________________________ CLC-LQAMSl.

53025.
54756.
62920.
73615.
83968.
93 755.
102898.
115906.
127386.
134643.

33636.
34400.
37547.
41604.
48200.
53884.
61046.
68463.
73664.
76623.

19389.
20356.
25373.
32011.
35768.
39871.
41852.
47443.
53722.
58020.

15072.
15648.
19726.
24433.
25916.
27367.
26932.
31495.
37705.
41964.

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

53025.
54756.
62920.
73615.
83968.
93755.
102898.
115906.
127386.
134643.

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

445.
629 .
61 0.
773.
589.
683.
277.
65.
84.
1152.

9590.
9841.
9858.
91 27 .
8282.
7661.
7628.
8348.
9154.
10218.

42990.
44286.
52452.
63715.
75097.
85411.
94993.
107493.
118148.
123273.

134544.
154303.
170099.
167600.
164559.
168795.
173644.
182756.
191257.
208397.

77600.
89523.
98452.
100051.
98654.
1C2216.
107503.
115666.
121754.
131054.

56944.
64780.
71647.
67549.
65905.
66579.
66141.
67090.
69503.
77343.

41092.
48736.
55037.
50761.
48895.
49152.
48276.
49215.
51227.
58249.

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

134544.
154303.
170099.
167600.
164559.
168795.
173644.
182756.
191257.
208397.

12454.
13050.
14643.
16100.
16934.
17660.
16792.
19345.
20411.
23649.

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

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

122090.
141253.
155456.
151500.
147625.
151135.
154852.
163411.
170846.
184748.

210181.
210858.
219333.
227667.
235753.
243807.
260806.
274255.
287965.
302788.

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

73020.
72392.
74785.
77486.
77196.
76305*
81595.
85151.
88265.
93598.

54947.
54521.
56662.
58833.
58385.
56925.
61664.
64735.
67079.
71523.

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

210181.
210858.
219333.
227667.
235753.
243807.
260806.
274255.
287965.
302788.

24775.
26179.
28406.
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.

185406.
184679.
190867.
196280.
201366.
207004.
220149.
230227.
240569.
252333.

314896.
325947.
351778.
394819.
478553.
517506.
580246.
655691.
712965.
320152.

215783.
223180.
239614.
267333.
327750.
368455.
416939.
.483846.
525820.
599537.

99113.
102767.
112164.
127486.
150803.
149051.
163307.
171845.
187145.
220615.

76281.
78738.
86514.
99713.
120904.
117608.
129983.
137266.
150938.
182180.

22832.
24029.
25650.
27773.
29899.
31443.
33324.
34579.
36207.
38435.

314896.
325947.
351778.
394819.
478553.
517506.
580246.
655691.
712965.
820152.

53027.
54484.
59114.
65345.
74137.
81833.
90833.
102633.
119273.
137472.

2676.
1876.
2262.
1793.
750.
319.
358.
1012.
4489.
5242.

50351.
52606.
56852.
63552.
73387.
81514.
90475.
101621.
114784.
132230.

261869.
271463.
292664.
329474.
40 4416.
435673.
489413.
553058.
593692.
682680.

950000.

696000.

254000.

213500.

40500.

950000.

157862.

4500.

153362.

792138.

TABLE 511.2

YEAR

31

BALANCE SHEET OF THE FARMING SECTOR
CURRENT DOLLARS
CHANGE DURING YEAR IN MILLIONS OF DOLLARS

1
1.
1
1

CLAIMS

ASSETS

1
1
1 TOTAL
1
1
1
_J____________ _ 1_
1

REAL
ESTATE

1
1
1
1
1

NON-REAL-ESTATE
TOTAL
TOTAL

PHYSICAL

FINANCIAL

1
1
1
1
1

1

L IA B ILITIE S

TOTAL

CCC LOANS

1PROPRIETORS'
CEBT
| E Q U IT IE S
EXCLUDING 1
CCC LOANS)

1 9 4 0 ....
1941 . . . .
1 9 4 2 ....
1 9 4 3 ....
1 9 4 4 ....
1 94 5....
1 9 4 6 ....
1 9 4 7 ....
1 9 4 8 ....
1 94 9....

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

1731.
8164.
10695.
10353.
9787.
9143.
13008.
11480.
7257.
-9 9 .

764.
3147.
4057.
6596.
5684.
7162.
7417.
5201.
29 59.
97 7.

967.
5017.
6638.
3757.
4103.
1981.
5591.
6279.
4298.
-1 0 7 6 .

576.
4078.
4707.
1483.
1451.
-4 35.
4563.
6210.
4259.
-8 7 2 .

391 .
939.
1931.
2274.
2652.
2416.
1028.
69.
39.
-2 04.

1731.
8164.
10695.
10353.
9787.
9143.
13008.
11480.
7257.
-9 9.

435 .
-2 .
-5 68 .
-1029.
-5 27 .
-4 39 .
508.
825.
2132.
1084.

184.
-1 9 .
163.
-184.
9 4.
-4 06 .
-212.
19.
1068.
569.

251.
17.
-7 31 .
-8 4 5 .
-6 21 .
-3 3.
720.
806.
1064.
515.

1296.
816 6.
11263.
11382.
10314.
9582.
12500.
10 655.
5125.
-1183.

1 9 5 0 ....
1 9 5 1 ....
1 95 2....
1 9 5 3 ....
1 9 5 4 ....
1 9 5 5 ....
1 95 6....
1 9 5 7 ....
1 9 5 8 ....
1 9 5 9 ....

.1
19759.
,|
15796.
.1
-2499.
.1
-3041.
.1
4236.
.1
4849.
.1
9112.
.1
8501.
.1
17140.
.1
1784.
j
.1
677.
.1
8475.
.i
8334.
.1
8086.
.1
8054.
.1
16999.
•I
13449.
.1
13710.
.1
14823.
.1
12108.
|
.1
11051*
.|
25831.
. | 43041.
.1
83734.
.1
38953.
.1
62740.
.1
75445.
.1
57274.
.1 107187.
.1 129848.

11923.
89 29.
1599.
-1 39 7.
3562.
5287.
8163.
6088.
9300.
6107.

7836.
686 7.
-4098.
-164 4.
674.
-438.
949.
2413.
7840.
-4 32 3.

7644.
6301.
-4276.
-1866.
257.
-876.
939.
2012.
7022.
-330 2.

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

19759.
15796.
-2499.
-3041.
4236.
4849.
9112.
8501.
17140.
1784.

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

-9 09 .
-2 2 4 .
596.
1206.
-1 7 1 .
-3 49 .
-3 07 .
-3 48 .
1258.
-1 30 8.

1505.
1817.
861.
-3 7 2 .
897.
1481.
860.
1414.
1980.
2434.

19163.
14203.
-3 956.
-3 8 7 5 .
3510.
371 7.
855 9.
743 5.
13902.
6 58 .

1305.
6082.
5633.
8376.
8945.
11709.
9893.
10596.
9490.
6593.

-6 28 .
2393.
2701.
-2 90 .
^ 8 91 .
5290.
3556.
3114.
5333.
5515.

-4 26 .
2141.
2171.
—448.
-1460.
4739.
3071.
2344.
4444.
4758.

-2 02 .
252.
530.
158.
569.
551.
48 5.
770.
889.
757.

677.
8475.
8334.
8086.
8054.
16999.
13449.
13710.
14823.
12108.

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

2 25 .
476.
189.
-1 29 .
-3 8 3 .
-1 3 5 .
-2 51 .
263 .
1251.
5.

1179.
1811.
273 2.
3129.
2799.
3989.
3622.
3105.
1808.
2567.

-7 2 7 .
61 88 .
5413.
5086.
5638.
13145.
10078.
10342.
11764.
9536.

7397.
16434.
27719.
60417.
40705.
48484.
66907.
41974.
73717.
96463.

3654.
9397.
15322.
23317.
-1752.
14256.
8538.
15300.
33470.
33385.

2457.
7776.
13199.
21191.
-3296.
12375.
7283.
13672.
31242.
31320.

1197.
1621.
2123.
2126.
1544.
1881.
1255.
1628.
2228.
2065.

11051.
25831.
43041.
83734.
38953.
62740.
75445.
57274.
107187.
129848.

1457.
4630.
6231.
8792.
7696.
9000.
11800.
16640.
18199.
20390.

-8 00 .
3 86 .
-4 69 .
-1 0 4 3 .
-4 3 1 .
3 9.
654.
3 47 7.
7 53 .
-7 42 .

225 7.
4 24 4.
6700.
9835.
8127.
8961.
11146.
13163.
17446.
21132.

9594.
21 20 1.
36 81 0.
74 94 2.
31 257.
53740.
6364 5.
406 34 .
88988.
109458.

I9 6 0 ....
1 96 1....
1 9 6 2 ....
1 9 6 3 ....
1 9 6 4 ....
1 9 6 5 ....
1 9 6 6 ....
1 9 6 7 ....
1 96 8....
1 96 9....
1 9 7 0 ....
1 9 7 1 ....
1 9 7 2 ....
1 9 7 3 ....
1 9 7 4 ....
1 9 7 5 ....
1 97 6....
1 9 7 7 ....
1 9 7 8 ....
1 97 9....

- J _____________

CHANGES IN THE CURRENT VALUE OF ASSETS AND PROPRIETORS* EQ U ITI ES INET WORTH!, ALSO SHOWN IN TABLE 5 4 1 . 1 , REFLECT BOTH NET INVESTMENT
ANO INTER-SECTOR TRANSFERS (T AB LE 5 4 2 .1 ) AND CAPITAL APPRECIATION (TAB LE 5 4 3 . 1 ) .
CHANGES IN THE PURCHASING POWER OF THE TOTAL FUNDS
INVESTED AND OWEO SHOULD ALSO BE CONSIDERED IN EVALUATING THE REAL IMPACT OF CHANGES IN CURRENT-DOLLAR VALUES (T A B LE 5 4 4 . 1 ) .




32

TABLE 511.3

BALANCE SHEET OF THE FARMING SECTOR
CURRENT DOLLARS
PERCENTAGE CHANGE DURING YEAR
ASSETS

YEAR
TOTAL

1
1
1
1
1

REAL
ESTATE

1
I
1
I
1

CLAIMS
NON-REAL-ESTATE
TOTAL

TOTAL

PHYSICAL

FINANCIAL

1
1
1
1
|

LIABILITIES
TOTAL

CCC LOANS

1
1PROPRIETORS*
DEBT
| EQ U ITI ES
EXCLUDING 1
CCC.LOANS 1

1 9 4 0 ....
1941 . . . .
1 9 4 2 ....
1 9 4 3 ....
1 9 4 4 ....
1 9 4 5 ....
1 9 4 6 ....
1 9 4 7 ....
1 9 4 8 ....
1 9 4 9 ....

3 .3
14 .9
17.0
14.1
11.7
9.8
12.6
9 .9
5 .7
-0 .1

2 .3
9. 1
10.8
15.9
11.8
13.3
12.1
7.6
4.0
1 .3

5 .0
2 4 .6
26.2
11.7
11.5
5 .0
13.4
13.2
8 .0
-1 .9

3 .8
26.1
2 3. 9
6 .1
5 .6
-1 .6
16.9
19.7
11.3
-2 . 1

9 .1
19.9
34 .2
3 0. 0
2 6 .9
19.3
6 .9
0.4
0 .2
-1 .3

3. 3
14.9
17.0
14.1
11.7
9.8
12 .6
9 .9
5.7
-0 .1

4.3
-0 .0
-5 .4
-1 0 .4
-5 .9
-5 .3
6.4
9 .8
23. 1
9.5

41 .3
-3 .0
26 .7
-2 3 .8
16.0
-5 9 .4
-7 6 .5
2 9. 2
12 71 .4
4 9 .4

2.6
0.2
-7 .4
-9 .3
-7 .5
-0 .4
9 .4
9 .7
11.6
5 .0

3 .0
1 8. 4
2 1. 5
17.9
13.7
11.2
13.2
9 .9
4.3
-1 .0

1 9 5 0 ....
195 1 ..........
1952 ..........
1 9 5 3 .....
1954..........
1955..........
1956..........
1957..........
1958..........
1959 ..........

14.7
10.2
-1 .5
-1 .8
2. 6
2. 9
5.2
4.7
9 .0
0 .9

15 .4
10.0
1.6
-1 .4
3.6
5 .2
7 .6
5 .3
7 .6
4.7

13.8
10 .6
-5 .7
-2 .4
1.0
-0 .7
1 .4
3.6
11.3
-5 .6

18.6
12.9
-7 .8
-3 .7
0 .5
-1 .8
1.9
4 .1
13.7
-5 .7

1.2
3 .5
1.1
1. 3
2 .5
2 .5
0 .1
2 .2
4.5
-5 .3

14.7
10.2
-1 .5
-1 .8
2 .6
2 .9
5.2
4 .7
9 .0
0 .9

4.8
12.2
10.0
5. 2
4 .3
6 .4
2 .9
5 .5
1 5. 9
4.8

-5 2 .8
-2 7 .6
10 1.4
10 1.9
-7 .2
-1 5 .7
-1 6 .4
-2 2 .3
103.5
-5 2 .9

14.0
14.8
6 .1
-2 .5
6 .2
9 .6
5 .1
8 .0
10 .3
11.5

15 .7
10.1
-2 .5
-2 .6
2.4
2 .5
5 .5
4.5
8.1
0 .4

196 0 ..........
1961..........
1962..........
1963..........
1964..........
1965..........
1966..........
1967..........
1968..........
1969..........

0. 3
4.0
3 .8
3 .6
3.4
7 .0
5. 2
5 .0
5.1
4.0

1.0
4.4
3 .9
5 .6
5 .6
7.0
5 .5
5 .6
4.8
3 .2

-0 .9
3 .3
3.6
-0 .4
-1 .2
6.9
4.4
3.7
6 .0
5.9

-0 .8
3 .9
3 .8
-0 .8
-2 .5
8 .3
5. 0
3.6
6.6
6 .7

-1 .1
1 .4
2 .9
0.8
3.0
2 .8
2.4
3 .8
4 .2
3.4

0..3
4 .0
3.8
3 .6
3 .4
7. 0
5.2
5 .0
5.1
4 .0

5 .7
8 .7
1 0.3
9 .6
7.0
1 0. 5
3 .3
7 .6
6.5
5.1

19.3
34 .2
10.1
-6 .3
-1 9 .9
-8 .7
-1 7 .8
22 .7
88.1
0 .2

5 .0
7 .3
10.3
1 0 .7
8 .6
1 1.3
9 .2
7.2
3 .9
5 .4

-0 .4
3 .4
2 .8
2.6
2.8
6.4
4.6
4.5
4.9
3.8

197 0 ..........
1971 ..........
1972..........
1973..........
1 9 7 4 ....:
1 9 7 5 .....
1 9 7 6 .....
1977..........
1978 ..........
19 79 ..........

3. 5
7 .9
12.2
21.2
8 .1
12.1
13 .0
8 .7
15.0
1 5 .8

3.4
7.4
1 1.6
2 2 .6
1 2. 4
1 3.2
1 6. 0
8.7
1 4. 0
16.1

3.7
9. 1
13 .7
18.3
-1 .2
9 .6
5 .2
8.9
1 7.9
15.1

3 .2
9.9
15.3
2 1.3
-2 .7
10.5
5 .6
10 .0
2 0 .7
17.2

5 .2
6.7
8 .3
7 .7
5 .2
6 .0
3 .8
4.7
6 .2
5 .4

3.5
7 .9
12.2
21.2
8.1
12.1
13.0
8.7
15.0
15.8

2 .7
8 .5
10.5
1 3. 5
1 0. 4
1 1. 0
13 .0
1 6.2
15.3
1 4.8

-2 9 .9
2 0.6
-2 0 .7
-5 8.2
-5 7 .5
12.2
182.7
3 43 .6
16.8
-1 4 .2

4 .5
8.1
11 .8
15 .5
11.1
1 1.0
12.3
1 3.0
15.2
1 6. 0

3 .7
7 .8
1 2 .6
2 2 .7
7.7
12.3
1 3.0
7 .3
1 5.0
1 6.0




TABLE 511.4

YEAR

1 9 4 0 ....
1941 . . . .
1 94 2 ....
1 9 4 3 ....
1 94 4 ....
1 9 4 5 ....
1 9 4 6 ....
1 9 4 7 ....
1 9 4 8 ....
1 9 4 9 ....

33

BALANCE SHEET OF THE FARMING SECTOR, JANUARY 1
CURRENT DOLLARS
PERCENTAGE OF TOTAL
1
J _
1
1
1
TOTAL
1
1 .
1
.1
10 0 .0 '
.1
100.0
.1
100.0
.1
100.0
.1
100.0
.1
100.0
.1
100.0
.1
100.0
.1
100.0
.j
10 0.0

1 9 5 0 . . . . .1
1 9 5 1 . . . . .1
1 9 5 2 . . . . .1
1 9 5 3 . . . . . .1
1 9 5 4 . . . . . .1
1955 ..........J
1956........... 1
1957...........1
1958...........1
1959.......... .1
1
1960...........1
1961.......... .1
1962.......... ,|
1963.......... ,|
1964..........>i
1965...........1
1966.......... ,|
1967.......... >1
1968..........>1
1969...........<
1
1970...........1
1 9 7 1 . . . . . .1
1 9 7 2 . . . . . .1
1 9 7 3 . . . . . .1
1 9 7 4 . . . . . .1
1975...........J
1 9 7 6 . . . . , .1
1 9 7 7 . . . . . .1
1 9 7 8 . . . . . .1
1979..........>1
1
1 9 8 0 . . . . , .1

REAL
ESTATE

CLAIMS
NON-REAL-ESTATE

|

1
1
1

TOTAL
TOTAL

PHYSICAL

FINANCIAL

1
1
1
1
i

LIA BILITIES
TOTAL

CCC LOANS

1
|PROPRIETORS'
CEBT
|I EQ U ITI ES
EXCLUDING 1
CCC LOANS 11

63.4
6 2 .8
5 9. 7
56.5
5 7 .4
5 7. 5
5 9.3
5 9.1
5 7 .8
5 6. 9

3 6 .6
37.2
4 0 .3
4 3 .5
4 2 .6
4 2 .5
4 0 .7
4 0 .9
4 2 .2
43. 1

2 8.4
28.6
31 .4
33.2
30.9
29.2
26 .2
27.2
29.6
31.2

8.1
8 .6
9. 0
10.3
11.7
13.3
14.5
13.8
1 2. 6
11.9

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

18 .9
19.1
16 .6
13.4
10.6
8 .9
7 .7
7 .3
7 .3
8 .4

0.8
1 .1
1.0
1.1
0 .7
0 .7
0 .3
0 .1
0.1
0 .9

18.1
18 .0
15 .7
1 2. 4
9.9
8 .2
7 .4
7 .2
7.2
7.6

8 1.1
8 0 .9
8 3 .4
8 6.6
8 9 .4
91.1
9 2. 3
9 2.7
9 2. 7
9 1. 6

100.0
100.0
100.0
100.0
100.0
100.0
100.0
10 0.0
100.0
10 0.0

5 7.7
5 8.0
5 7. 9
5 9. 7
6 0 .0
6 0. 6
6 1 .9
6 3 .3
6 3 .7
6 2 .9

4 2 .3
4 2 .0
4 2. 1
4 0 .3
4 0 .0
39.4
3 8 .1
3 6 .7
3 6 .3
3 7. 1

30.5
3 1. 6
3 2.4
30 .3
29 .7
29.1
27 .8
2 6. 9
26 .8
2 8 .0

11.8
10 .4
9.8
10.0
10.3
10.3
10.3
9. 8
9 .6
9 .2

100.0
100.0
100. 0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

9 .3
8. 5
8 .6
9 .6
10.3
10 .5
10.8
10.6
10.7
11.3

1.3
0 .5
0 .3
0 .7
1. 5
1.3
1.1
0 .9
0 .6
1.2

8 .0
7 .9
8 .3
8 .9
8 .8
9 .1
9.7
9 .7
1 0.0
10 .2

9 0. 7
9 1. 5
9 1 .4
9 0 .4
8 9. 7
89 .5
8 9.2
8 9 .4
8 9. 3
8 8. 7

100.0
100.0
100.0
100.0
100.0
100.0
100.0
10 0.0
100.0
100.0

65.3
6 5. 7
6 5 .9
6 6 .0
67.3
6 8 .7
6 8. 7
6 9 .0
6 9 .3
6 9. 1

3 4 .7
3 4 .3
34.1
3 4 .0
3 2 .7
3 1 .3
3 1 .3
3 1 .0
3 0 .7
3 0 .9

26.1
2 5 .9
2 5.8
2 5.8
2 4.8
23.3
2 3.6
2 3.6
2 3.3
2 3.6

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

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
10 0.0

11.8
1 2. 4
13.0
13 .6
14.6
15.1
15 .6
16. 1
16.5
16.7

0 .6
0 .7
0 .9
0 .9
0 .8
0 .6
0 .5
0.4
0 .5
0.9

11 .2
11.8
12.1
12 .9
13.8
1 4. 5
15 .0
15 .6
1 6.0
1 5 .8

8 8. 2
8 7. 6
8 7.0
8 6 .2
8 5 .4
84 .9
8 4 .4
8 3.9
8 3.5
8 3. 3

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
10 0.0

6 8 .5
6 8 .5
6 8 .1
6 7 .7
6 8 .5
7 1. 2
7 1 .9
7 3. 8
7 3.8
73 .1

3 1. 5
3 1. 5
3 1 .9
3 2 .3
3 1. 5
2 8. 8
2 8 .1
2 6.2
2 6 .2
2 6 .9

24 .2
24.2
24 .6
2 5.3
25.3
2 2.7
2 2. 4
2 0.9
21.2
22.2

7 .3
7 .4
7 .3
7.0
6 .2
6 .1
5 .7
5 .3
5.1
4 .7

100.0
100.0
100.0
100.0
100.0
100.0
100.0
10 0.0
100.0
10 0.0

16.8
16.7
16 .8
16 .6
15.5
1 5.8
15 .7
15.7
16.7
16.8

0 .8
0 .6
0.6
0 .5
0 .2
0. 1
0 .1
0.2
0.6
0.6

1 6. 0
16 .1
16.2
16.1
15.3
1 5 .8
1 5.6
1 5 .5
16.1
16.1

8 3 .2
8 3.3
8 3 .2
8 3. 4
8 4. 5
8 4. 2
8 4 .3
8 4.3
8 3. 3
8 3 .2

100.0

7 3. 3

26.7

2 2.5

4 .3

100.0

1 6.6

0.5

16 .1

8 3 .4

J__________




ASSETS
1

34
TABLE 512.1

BALANCE SHEET OF THE FARMING SECTOR, JANUARY 1
IN 1967 DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS
CLAIMS

ASSETS

1 9 4 0 ....
1 9 4 1 ....
1 9 4 2 ....
1943 . . . .
1 9 4 4 ....
1 9 4 5 ....
1 9 4 6 ....
1 9 4 7 ....
1 9 4 8 ....
1 9 4 9 ....

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

127158.
129754.
134158.
145484.
161167.
175901.
188804.
179978.
179417.
187004.

80662.
81517.
80058.
82221.
92514.
101096.
112011.
106309.
103752.
106421.

46496.
48237.
54100.
63263.
68653.
74805.
76793.
73669.
75665.
80583.

36144.
37081.
42060.
48287.
49743.
51345.
49417.
48905.
53106.
58283.

10353.
11156.
12041.
14976.
18910.
23460.
27376.
24764.
22559.
22300.

127158.
129754.
134158.
145484.
161167.
175901.
188804.
179978.
179417.
187004.

24065.
24810.
22320.
19565.
17027.
15655.
14505.
13064.
13011.
15792.

1067.
1491.
1301.
1528.
1131.
1281.
508.
101.
118.
1600.

22998.
23320.
21019.
18038.
15896.
14373.
13996.
12963.
12893.
14192.

103094.
104943.
111838.
125919.
144140.
160246.
174299.
166915.
166406.
171213.

1950. . . .
1 9 5 1 ....
1 9 5 2 ....
1 9 5 3 ....
1 9 5 4 ....
1 9 5 5 ....
1 9 5 6 ....
1 9 5 7 ....
1958. . . .
1 9 5 9 ....

.1
.1
.1
.1
.1
.j
.1
.1
.1
.1

190843.
202764.
214501.
210025.
203915.
210730.
216244.
220720.
223170.
240089.

110071.
117639.
124151.
125377.
122248.
127611.
133877.
139693.
142070.
150984.

80772.
85125.
90349.
84648.
81667.
83120.
82367.
81027.
81100.
89105.

58287.
64042.
69404.
63610.
60589.
61363.
60120.
59438.
59775.
67107.

22485.
21083.
20946.
21038.
21078.
21757.
22248.
21588.
21326.
21998.

190843.
202764.
214501.
210025.
203915.
210730.
216244.
220720.
223170.
240089.

17665.
17148.
18465.
20175.
20984.
22047.
23402.
23364.
23817.
27245.

2441.
1067.
741.
1484.
2962.
2770.
2329.
1888.
1418.
2849.

15224.
16081.
17724.
18692.
18022.
19277.
21073.
21476.
22399.
24396.

173177.
185615.
196035.
189850.
182931.
188683.
192842.
197356.
199354.
212843.

I9 6 0 ....
1961 . . . .
1 9 6 2 ....
1 9 6 3 ....
1 9 6 4 ....
1965____
1 9 6 6 ....
1 9 6 7 ....
1 9 6 8 ....
1 9 6 9 ....

.1
.1
.j
.1
.)
.1
.1
.1
.1
.1
|
•I
. |
.i
.1
.1
.1
.1
.1
.1
.<
i
1
.1
_ J L_

239114.
236123.
243974.
249909.
254593.
260478.
273382.
278149.
282319.
283775.

156042.
155057.
160788.
164853.
171228.
178955.
187852.
191789.
195784.
196054.

83072.
81066.
83187.
85056.
83365.
81522.
85529.
86360.
86534.
87721.

62511.
61054.
63028.
64581.
63051.
60817.
64637.
65654.
65764.
67032.

20561.
20012.
20159.
20475.
20314.
20705.
20892.
20706.
20771.
20689.

239L14.
236123.
243974.
249909.
254593.
260478.
273382.
278149.
282319.
283775.

28185.
29316.
31664.
34453.
37135.
39319.
42617.
44653.
46467.
47287.

1325.
1557.
2076.
2256.
2080.
1649.
1476.
1173.
1392.
2503.

26860.
27759.
29588.
32198.
35055.
37671.
41142.
43480.
45075.
44784.

210928.
206807.
212310.
215456.
217458.
221158.
230764.
233496.
235852.
236488.

277931.
273446.
285534.
30 9177.
342558.
331522.
348078.
374040.
380857.
400660.

190453.
187232.
194492.
209345.
234610.
236038.
250113.
276010.
280887.
292886.

87478.
86214.
91042.
99832.
107948.
95484.
97965.
98029.
99971.
107775.

67327.
66055.
70222.
78084.
86545.
75341.
77974.
78304.
80629.
88999.

20152.
20159.
20820.
21749.
21402.
20143.
19990.
19726.
19341.
18776.

277931.
273446.
285534.
309177.
342558.
331522.
348078.
374040.
380857.
400660.

46802.
45708.
47982.
51171.
53069.
52423.
54489.
58547.
63714.
67 158.

2362.
1574.
1836.
1404.
537.
204.
215.
577.
2398.
2561.

44440.
44134.
46146.
49767.
52532.
52219.
54274.
57970.
61 316.
64597.

231129.
227738.
237552.
258006.
289489.
279099.
293589.
315492.
317143.
333503.

409483.

300000.

109483.

92026.

17457.

409433.

68044.

1940.

66104.

341439.

YEAR

TOTAL

REAL
ESTATE

NON-REAL-ESTATE

1
|
1
1
1

TOTAL

1
1
TOTAL
1
PHYSICAL
1
1

I

1 9 7 0 ....
1 9 7 1 ....
1 9 7 2 ....
1 9 7 3 ....
1974. . . .
1 9 7 5 ....
1 9 7 6 ....
1 9 7 7 ....
1 9 7 8 ....
1 9 7 9 ....
1 9 8 0 ....

LIABILITIES
TOTAL
FINANCIALCCC LOANS

1
1PROPRIETORS*
DEBT
| EQ U ITI ES
EXCLUDINGI 1
CCC LOANS!

THE PRICE DEFLATOR USED IS THE BLS CONSUMER PRICE INDEX (FOR ALL ITEMS, ALL URBAN CONSUMERS; 1967 EQUALS 100) FOR JANUARY.
NOTE THAT DATA IN T H IS TA BLE, WHICH EXPRESS VALUES IN DOLLARS OF CONSTANT ( 1 9 6 7 ) CONSUMER PURCHASING POWER, DIFFER FROM
DATA IN TABLE 5 2 2 . 1 , WHICH SHOW PHYSICAL ASSETS VALUED AT THEIR 1967 PRICES AND FIN ANCIAL ASSETS VALUED IN DOLLARS OF
CONSTANT GENERAL FARM PURCHASING POWER.




TABLE 512.2

YEAR

35

BALANCE SHEET OF THE FARMING SECTOR
IN 1967 DOLLARS
CHANGE DURING YEAR IN MILLIONS OF DOLLARS
1
1
J
1
|
1
1
1
.1
.1
.1
.1
.1
.1
.1
.J
.1
.|

ASSETS

CLAIMS
NON-REAL-ESTATE

TOTAL

1
|

REAL
ESTATE

TOTAL
TOTAL

PHYSICAL

FINANCIAL

1
1.
|
I

LIABILITIES
_________
TOTAL

CCC LOANS

1

1
I PROPRIETORS'
DEBT
1 EQ U ITI ES
EXCLUDING 1
CCC LOANS 1

2595.
4404.
11326.
15683.
14734.
12903.
-8825.
-561.
7587.
3838.

855.
-1459.
2164.
10293.
8581.
10915.
-5 7 0 2 .
-2557.
2669.
3650.

1741.
5863.
9163.
5390.
6152.
1988.
-3 12 3.
1996.
4919.
188.

937.
4979.
6227.
1456.
1602.
-1 9 2 9 .
-511 .
4200.
5178.
3.

804.
884.
2936.
3934.
4550.
3916.
-2612.
-2 2 0 5 .
-2 59 .
185.

2595.
4404.
11326.
15683.
14734.
12903.
-8 8 2 5 .
-561 .
7587.
3838.

746.
-2491.
- 2 755.
-2538.
-1 3 7 2 .
-1 1 5 0 .
-1 4 4 1 .
-5 2.
2780.
1874.

423.
-1 9 0 .
2 27 .
-3 97 .
151.
-7 73 .
-4 0 7 .
17.
1482.
841.

322.
-2301.
-2982.
-2141.
-1523.
-3 77 .
-1034.
-70.
1299.
1032.

1850.
6895.
14081.
18221.
16106.
14053.
-7 3 8 5 .
-5 0 9 .
48 07.
1965.

.1
11921.
.j
11737.
.1
-4476.
.1
-6111.
.1
6816.
.J
5514.
.1
4476.
.1
2451.
.1
16918.
.I
-9 7 5 .
i
1
I 9 6 0 . . . . . I -2 9 9 1 .
1961 . . . . .1
7851.
1 9 6 2 . . . . .1
5935.
4684.
1 9 6 3 .... . I
1 9 6 4 .... . I
5885.
1 9 6 5 . . . . . | 12904.
1 9 6 6 . . . . .1
4768.
4170.
1 9 6 7 . . . . .1
1 9 6 8 . . . . .1
1456.
-5844.
1 9 6 9 . . . . .1
i
1970. . . . . j - 4 4 8 6 .
1971-------- .1
12089.
1 9 7 2 . . . . .1
23643.
1 9 7 3 . . . . .1
33381.
1 9 7 4 . . . . .1 -1 1 0 3 6 .
16556.
1 9 7 5 . . . . .1
1 9 7 6 . . . . .1
25962.
1 9 7 7 . . . . .1
6818.
19803.
1 9 7 8 . . . . .1
1 9 7 9 . . . . .1
8822.
_ l ____

7568.
6513.
1226.
-3129.
5363.
6266.
5817.
2377.
8914.
5058.

4353.
5225.
-5701.
-2981.
1453.
-7 52.
-1341.
74.
8005.
-6 03 3.

5756.
5361.
-5 7 9 3 .
-3 0 2 2 .
775.
-1 2 4 4 .
-681.
336.
7332.
-4596.

-1402.
-1 37 .
92.
40.
678.
491.
-6 6 0 .
-263.
672.
-1437.

11921.
11737.
- 4 4 76.
-6111.
6816.
5514.
4476.
2451.
16918.
-975.

-5 17 .
1317.
1710.
808.
1064.
1355.
-3 9.
453.
3429.
940,

- i 374 .
-3 2 6 .
742.
1478.
-1 91 .
-4 42 .
-441 .
-4 7 0 .
1431.
-1 524.

857.
1642.
968.
-6 6 9 .
1255.
1796.
402.
923.
1997.
2464.

12438.
10420.
-6 18 6.
-6 91 9.
575 2.
4159.
451 4.
1997.
13490.
-1915.

-9 85 .
5730.
4065.
6375.
7727.
8897.
3937.
3995.
270.
-5602.

-2 00 6.
2121.
1869.
-1 69 1.
-1 8 4 3 .
4007.
831.
174.
1186.
-2 4 2 .

-1457.
1974.
1553.
-1530.
-2233.
3820.
1017.
110.
1268.
295.

-549.
147.
316.
-1 6 1 .
391.
187.
-1 86 .
65.
-8 2 .
-5 37.

-2991.
7851.
5935.
4684.
5885.
12904.
4768.
4170.
1456.
-5844.

1130.
2348.
2789.
2682.
2184.
3298.
2036.
1814.
820.
-4 84.

231.
519.
180.
-1 76 .
-4 31 .
-1 73 .
-3 0 2 .
219 .
1111.
-1 41 .

899.
1829.
2609.
2857.
2616.
3471.
2338.
1595.
-2 9 1 .
-3 4 3 .

-4121.
5503.
3145.
2002.
3700.
9606.
2732.
2356.
636.
-5359.

-3 2 2 1 .
7260.
14853.
25265.
1428.
14076.
25897.
4876.
11999.
7114.

-1264.
4828.
8790.
8115.
-1 2 4 6 3 .
2480.
65 .
1942.
7804.
1708.

-1271.
4167.
7861.
8462.
-11204.
2633.
329.
2326.
8369.
3027.

7.
661.
929.
-346.
-1259.
-1 52 .
-2 6 5 .
-3 84 .
-5 65 .
-1319.

-4486.
12089.
23643.
33381.
-11036.
16556.
25962.
6818.
19803.
8822.

-1094.
2274.
3189.
1898.
-6 45 .
2065.
405 8.
5167.
3444.
886.

-7 88 .
262.
-4 32 .
-867.
-3 33 .
10.
363 .
1821.
163.
-6 21 .

-3 06 .
2012.
3621.
2765.
-313.
2055.
3696.
3346.
3281.
1507.

-3 3 9 1 .
9815.
20 454.
31483.
-10390.
14490.
21903.
1651 ^
16360*
7936

1 9 4 0 ....
1941 . . . .
1942-------1 9 4 3 ....
1944. . . .
1 9 4 5 ....
1 9 4 6 ....
1 9 4 7 ....
1 94 8 ....
1 94 9....
1 9 5 0 ....
1 9 5 1 ....
1 95 2....
1 9 5 3 ....
1954-------1 9 5 5 ....
1956. . . .
1 9 5 7 ....
1 9 5 8 ....
1 9 5 9 ....




.

36

TABLE 512.3

BALANCE SHEET OF THE FARMING SECTOR
IN 1967 DOLLARS
PERCENTAGE CHANGE DURING YEAR
ASSETS

CLAIMS

TOTAL

1940........... I
1941 .......... 1
1942.......... I
194 3 .......... I
194 4 .......... 1
1945.......... 1
194 6 .......... I
1947 ........... 1
1948........... I
1949 .......... 1

2.0
3 .4
8 .4
10.8
9.1
7 .3
-4 .7
-0 .3
4 .2
2.1

1.1
-1 .8
2 .7
12.5
9.3
1 0.8
-5 .1
-2 .4
2 .6
3.4

3.7
12.2
16.9
8. 5
9.0
2 .7
-4 .1
2.7
6 .5
0 .2

2 .6
13 .4
14.8
3 .0
3.2
-3 .8
-1 .0
8.6
9 .7
0.0

7 .8
7 .9
2 4 .4
2 6.3
24.1
16.7
-9 .5
-8 .9
-1 .1
0 .8

1950........... |
195 1 .......... 1
1952........... 1
1953........... 1
1954 .......... i
1955........... 1
1956 .......... I
1957........... 1
1958........... 1
1959........... I

6 .2
5. 8
-2 .1
-2 .9
3 .3
2 .6
2.1
1.1
7 .6
-0 .4

6.9
5. 5
1.0
-2 .5
4.4
4.9
4.3
1 .7
6 .3
3.4

5 .4
6. 1
-6 .3
-3 .5
1 .8
-0 .9
-1 .6
0.1
9.9
-6 .8

9 .9
8.4
-8 .3
-4 .8
1.3
-2 .0
-1 .1
0.6
12.3
-6 .8

1960...........
196 1 ..........
1962 ..........
1963...........
1964...........
1965..........
1966...........
1967 ...........
1968...........
1969...........

1
1
1
1
1
1
1
1
1
1

-1 .3
3 .3
2.4
1.9
2.3
5 .0
1.7
1 .5
0 .5
-2 .1

-0 .6
3.7
2 .5
3.9
4.5
5 .0
2.1
2. 1
0. 1
-2 .9

-2 .4
2 .6
2 .2
-2 .0
-2 .2
4.9
1.0
0 .2
1 .4
-0 .3

1970........... 1
1 97 1 .......... 1
1972........... I
1973........... 1
1974........... 1
1975.......... 1
1976........... 1
1977 ........... 1
1978.......... 1
19 7 9 .......... 1

-1 .6
4.4
8 .3
10.8
-3 .2
5 .0
7. 5
1 .8
5. 2
2 .2

-1 .7
3.9
7.6
12.1
0 .6
6.0
1 0. 4
1.8
4.3
2.4

-1 .4
5.6
9.7
8.1
-1 1 .5
2.6
0 .1
2 .0
7 .8
1 .6

YEAR




1

NON-REAL-ESTATE

1
1
I
1
f

1

REAL
ESTATE

1

1
1
1
1
I

TOTAL
TOTAL

LIA BILITIES

1
(PROPRIETORS1
DEBT
| EQ UI TIE S
EXCLUDING!
CCC LOANS I

TOTAL

CCC LOANS

2.0
3 .^
8 .4
10.8
9.1
7.3
-4 .7
-0 .3
4.2
2.1

3.1
-1 0 .0
-1 2 .3
-1 3 .0
-8 .1
-7 .3
-9 .9
-0 .4
2 1 .4
11 .9

39.7
-1 2 .7
17.5
-2 6 .0
13.3
-6 0 .3
-8 0 .1
17.2
12 52.4
5 2.6

1 .4
-9 .9
-1 4 .2
-1 1 .9
-9 .6
-2 .6
-7 .4
-0 .5
10.1
7 .3

1.8
6.6
12.6
14.5
11.2
8.8
-4 .2
-0 .3
2 .9
1.1

-6 .2
-0 .6
0.4
0 .2
3 .2
2 .3
-3 .0
-1 .2
3 .2
-6 .5

6 .2
5.8
-2 .1
-2 .9
3.3
2. 6
2.1
1.1
7.6
-0 .4

-2 .9
7 .7
9 .3
4 .0
5.1
6.1
-0 .2
1 .9
1 4. 4
3 .5

-5 6 .3
-3 0 .5
100.1
9 9 .6
-6 .5
-1 5 .9
-1 8 .9
-2 4 .9
101.0
-5 3 .5

5 .6
10.2
5 .5
-3 .6
7 .0
9. 3
1 .9
4 .3
8 .9
10.1

7 .2
5 .6
-3 .2
-3 .6
3 .1
2 .2
2.3
1 .0
6.8
-0 .9

-2 .3
3.2
2.5
-2 .4
-3 .5
6 .3
1.6
0 .2
1 .9
0.4

-2 .7
0 .7
1.6
-0 .8
1.9
0 .9
-0 .9
0 .3
-0 .4
-2 .6

-1 .3
3.3
2 .4
1.9
2. 3
5.0
1.7
1.5
0.5
-2 .1

4 .0
8 .0
8.8
7 .8
5.9
8 .4
4 .8
4. 1
1.8
-1 .0

17.4
3 3.3
8 .7
-7 .8
-2 0 .7
-1 0 .5
-2 0 .5
18 .6
7 9. 8
-5 .6

3.3
6 .6
8. 8
8 .9
7 .5
9 .2
5 .7
3 .7
-0 .6
-0 .8

-2 .0
2.7
1 .5
0 .9
1.7
4.3
1 .2
1 .0
0 .3
-2 .3

-1 .9
6 .3
11.2
10.8
-1 2 .9
3 .5
0.4
3 .0
10.4
3 .4

0.0
3 .3
4.5
-1 .6
-5 .9
-0 .8
-1 .3
-1 .9
-2 .9
-7 .0

-1 .6
4 .t
8 .3
10.8
-3 .2
5. 0
7.5
1.8
5.2
2. 2

-2 .3
5 .0
6.6
3 .7
-1 .2
3 .9
7.4
8.8
5.4
1 .3

-3 3 .4
16.7
-2 3 .5
-6 1 .8
-6 1 .9
5 .1
16 8.8
3 1 5 .4
6.8
-2 4 .3

-0 .7
4 .6
7 .8
5 .6
-0 .6
3 .9
6.8
5 .8
5 .4
2 .3

-1 .5
4 .3
8.6
1 2.2
-3 .6
5 .2
7.5
0.5
5.2
2.4

PHYSICAL

FINANCIAL

1
I
1
1
1

1

TABLE 512.*

YEAR

37

BALANCE SHEET OF THE FARMING SECTOR, JANUARY 1
IN 1967 DOLLARS
PERCENTAGE CHANGE DURING PREVIOUS FIVE YEARS
1
1
1
1
1
1
|
1

1 9* 5....
19*6. . . .
1 9 * 7 . . . . .1
1 9 * 8 . . . . .1
1 9 * 9 . . . . .1
1
1 95 0....
1951-------1952____ .1
1953-------- .1
1 9 5 * ....
1 9 5 5 . . . . .1
1 95 6....
1957____
1 9 5 8 ....
1 9 5 9 . ------- .1
I
1 9 6 0 ....,
1 9 6 1 . . . . , .1
1 9 6 2 ....,
1 96 3 ....,
1 9 6 * . . . . . .1
1965. . . . .
1 9 6 6 . . . . . .1
1 9 6 7 . . . . ..1
1 9 6 8 .... .
1969..........
1
1
1 9 7 0 .....
1 9 7 1 .....
1 9 7 2 . . . . . .1
1973..........
1 9 7 * . . . . . .1
1 9 7 5 ....,
1 9 7 6 . . . . . .1
1 9 7 7 . . . . . .1
1 9 7 8 .....
1 9 7 9 .....
1
1
1980. . . . .
_L_




ASSETS

TOTAL

1
1
1
1
|

REAL
ESTATE

1
1
1
1
|

CLAIMS
NON-REAL-ESTATE
TOTAL

TOTAL

PHYSICAL

FINANCIAL

3 8.3
*5.5
3*.2
23.3
16.0

25 .3
3 7 .*
3 2. 8
26.2
15.0

6 0 .9
59 .2
36.2
19.6
17.*

*2.1
33.3
16.3
10.0
17,2

126.6
1*5.*
105.7
50 .6
17.9

38.3
*5.5
3*.2
2 3.3
16.0

8.5
7.*
19.2
17.1
9 .0
10.*
6 .6
2 .9
6 .3
17.7

8.9
5 .0
16.8
20.8
1*.9
15.9
13.8
12.5
13.3
23 .5

8 .0
10.9
2 2.6
11.9
1 .3
2.9
-3 .2
-1 0 .3
-* .2
9.1

13.5
29 .6
*1 .9
19.8
* .0
5. 3
-6 .1
-l*c.S
-6 .0
10.8

-* .2
-2 3 .0
-1 5 .*
-6 .7
-5 .5
-3 .2
5. 5
3. 1
1 .*
*.*

8.5
7 .*
19.2
17.1
9.0
10 .*
6 .6
2.9
6 .3
17.7

13.5
9.2
10.5
1 2.0
6 .0
8. 9
15.8
1*.0
13.0
11.5

2 2.3
15.8
15.1
16.0
13.*
1*. 7
21.2
19.3
18.8
l*. 5

-0 . 1
-1 .6
2.7
*.9
-6 .*
-1 .9
5.5
3.8
1.7
5 .2

1.9
1.6
6 .0
8 .0
-6 .0
-2 .7
5 .9
*. 2
1.8
6 .3

-5 .5
-1 0.0
-6 .6
-* .0
-7 .7
0 .7
*.*
2. 7
1 .*
1.8

6 .7
0.0
2. 7
9.5
2 0.7
19.3
2 7.3
3 1.0
23.2
17.0

6 .*
-0 .3
1 .*
6 .9
19.7
2 3. 9
3 3. 6
* 1. 9
3 *.2
2 *.6

7 .3
0.8
5 .*
1 5. *
23 .1
9 .2
1 3. 6
7.7
0. 1
-0 .2

10.7
2 .2
7 .0
18 .7
29.1
11.9
18.0
11.5
3 .3
2.8

23 .5

27.1

1*. 7

22.1

1
1
1
1
|

LIABILITIES
TOTAL
-3 * .9
-* 1 .5
-* 1.5
-3 3.5
-7 .3

CCC LOANS

1
1PROPRIETORS*
DEBT
i EQ U ITI ES
EXCLUDINGI
CCC LOANS!

20.1
-6 5 .9
-9 2 .2
-9 2 .3
*1 .5

-3 7 .5
-* 0 .0
-3 8 .3
-2 8 .5
-1 0 .7

5 5 .*
6 6.1
* 9. 2
3 2 .2
18.8

12.8
18 .2
* 1.3
55. 1
3 2. 9
2*. 8
3 6. 5
26.5
1 8.0
2 9.8

9 0. 5
109.9
63 *.6
115*.1
85.1
13.5
118.3
15*.6
-* .*
-3 .8

5 .9
1*. 9
3 6 .7
* 5 .0
2 7 .0
2 6 .6
3 1 .0
2 1 .2
19.8
3 5 .*

8 .1
6.5
1 7. *
l* .l
6.8
9 .0
3.9
0 .7
5.0
1 6. *

13.5
9 .2
10.5
12.0
6 .0
8.9
15.8
1*.0
13.0
11.5

2 7.8
2 5. 3
3 5.5
* *. 7
36.3
39 .5
* 5 .*
* 1 .0
3 *. 9
2 7 .3

-5 2 .2
-3 3 .2
10 .0
59.1
-2 7 .0
2 * .*
-5 .2
- * 3 .5
-3 8 .3
2 0. *

3 9 .3
3 1 .7
3 7 .8
* 3 .7
* 3 .7
* 0 .2
* 8 .2
* 6 .9
* 0 .0
2 7. 8

11.8
7 .2
7 .6
8. 1
2 .2
* .8
11.6
10.0
9 .5
8 .8

-2 .7
-3 .5
0 .6
* .7
3.*
-0 .0
-0 .8
-5 .3
-1 1. 1
-1 2 .3

6. 7
0. 0
2. 7
9. 5
20.7
19.3
27.3
31.0
23.2
17.0

19.0
7 .3
7 .5
10.1
12.2
12 .0
19.2
2 2. 0
2*. 5
2 6.5

* 3. 3
6 .6
56 .5
0 .9
-7 8 .6
-9 1 .3
-8 6 .*
-6 8 .6
70.8
3 77 .0

18 .0
7.3
6 .1
1 0 .*
17 .3
17 .5
2 3 .0
2 5 .6
2 3 .2
2 3 .0

*.5
-1 .3
1.7
9.*
2 2 .*
2 0.8
2 8 .9
3 2. 8
2 2. 9
15.2

-1 3 .3

2 3.5

29 .8

8* 9.2

2 6 .6

2 2 .3

38
TABLE 521.1

YEAR

1
I
1
1
1

TOTAL

ASSETS OF THE FARMING SECTOR, JANUARY 1
CURRENT DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS
1
_
1 ______
|
I
TOTAL
REAL
ESTATE
1

PHYSICAL
MACHINERY
AND
LIVESTOCK
MOTOR

STORED
CROPS

1
1
HOUSEHOLD 1
EQUIPMENT 1 TOTAL
AND
1

FINANCIAL
BANK DEPOSITS
CURRENCY
DEMAND

TIME

U.S.
INVESTMENTS
SAVINGS
IN
BONDS COOPERATIVES

.M£mu.Ls_____________________ EUBaisamfiSJ
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.

2666.
2963.
3849.
5081.
6081.
6683.
6274.
7080.
9021.
8562.

4213.
4106.
481 6.
4761.
4712.
5199.
5553.
7161.
8061.
8908.

118692.
138259.
153489.
150812.
147549.
151368.
155779.
164881.
172981.
189303.

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

12166.
14131.
16674.
17395.
16437.
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.

8441.
9598.
10063.
9554.
9542.
9701.
9969.
9642.
9607.
9422.

192108.
192987.
201210.
209014.
216942.
224427.
240875.
253839.
266779.
280713.

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.

9217.
8711.
8944.
8781.
8767.
8399.
8368.
8315.
8821.
9393.

292064.
301918.
326128.
367046.
448654.
486063.
546922.
621112.
676758.
781717.

215783.
223180.
239614.
267333.
327750.
368455.
416939.
483846.
525820.
599537.

32299.
34372.
36612.
39282.
44223.
55742.
65005.
71856.
77658.
84329.

23480.
23707.
27 267.
34069.
42372.
24581.
29483.
29053.
31952.
51256.

10921.
10688.
11836.
14480.
22042.
23274.
21305.
21998.
24876.
27420.

9581.
9971.
10799.
11 882.
12267.
14011.
14190.
14359.
16452.
19175.

909500.

696000.

97000.

64000.

30500.

22000.

1940 . . .
1 94 1...
1 94 2...
1 94 3...
1 94 4...
194 5...
1 94 6...
194 7...
1 94 8...
1 94 9...

53025.
54 756.
629 20 .
7361 5.
83968.
93 755.
102898.
115906.
127386.
134643•

| 48708.
| 50048.
1 57273.
| 66037.
| 74116.
| 81251.
1 87978.
| 99958.
1 111369.
1 118587.

195 0...
195 1...
1 95 2...
1 9 5 3...
1 95 4...
1 95 5...
195 6...
1 95 7...
1 95 8...
1 95 9...

134544.
154303.
17 0099.
167600.
164559.
168795.
173644.
18 2756.
191257.
208397.

I9 6 0 ...
1 96 1...
1 9 6 2...
1 9 6 3 ...
1 96 4...
1 9 6 5 ...
196 6...
1 96 7...
196 8...
1 96 9...
197 0...
1 9 7 1 ...
197 2...
1 9 7 3 ...
1 9 7 4 ...
1 9 7 5...
1 9 7 6 ...
1 97 7...
1 9 7 8 ...
1 9 7 9 ...
1 98 0...

|
|
|
|
|
|
|
|
|
|
lI
210181. 1
210858. |
219333. i
22 7667. |
235753. 1
243807. 1
260806. |
274255. |
287965. 1
302788. 1
■
31 4896. |
32 5947. |
351778. 1
394819. |
47 8553. 1
517506. |
580246. |
655691. |
712965. |
820152. 1
j
95 0000. 1
____________ L




1
|
1
|
1
|
I
I
I
I
j
I
|
I
I
1
1
1
1
I
I
1
1
.1
I
|
I
I
)
|
i
1
1
I
1
1
|
1
1
|
1
I
1
1

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

742.
818.
1128.
1568.
2042.
2592.
3038.
30 70*
2832.
2744.

1286.
1408.
17 53.
2503.
3044.
3631 .
4377.
4950.
4997.
4736.

1211.
1255.
1312.
1371.
1490.
1683.
1975.
2179.
2102.
2102.

24 9.
353 .
511.
1112.
2162.
3379.
4152.
4212.
4375.
4 59 7.

829.
874.
943.
1024.
1114.
1219.
1378.
1537.
1711.
1877.

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

2510.
2362.
2452.
2334.
2258.
2235.
2234.
20 16 .
2045.
2010.

4465.
4619.
480 1.
4801 .
4736.
46 61 .
466 1.
4708.
454 5.
4888.

2102.
2102.
2169.
2301.
2432.
2530.
2582.
2 634.
2 897.
3069.

472 0.
46 86.
470 7.
4632.
4732.
4969.
5168.
5063.
5116.
5181.

2055.
2275.
2481.
2720.
2852.
3032.
3220.
3454.
3673.
3946.

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

1903.
1803.
1813.
1905.
18 05.
1842.
1880.
1880.
1925.
19 81.

4325.
4025.
4045.
3965.
3925.
400 4.
408 4.
4084.
4185.
4303.

2940.
2894.
2956.
3296.
3495.
3733.
4032.
4355.
4790.
5199.

4663.
462 5.
4463.
4424.
4229.
4206.
405 4.
3922.
3787.
375 3.

4242.
4524.
4846.
5063.
5357.
5595.
5881.
6175.
6499.
6839.

22832.
24029.
25650.
27773.
29899.
31443.
33324.
34579.
36207.
38435.

2010.
2044.
2094.
218 4.
2174.
2050.
2000.
1930.
1880.
1870.

4367.
4457.
455 7.
4 75 8.
4 94 9.
48 90 .
5010.
5085.
5225.
5340.

5514.
5933.
650 0.
7082.
7754.
6120.
8610.
8955.
92 25 .
9 52 5.

37 40 .
3588.
367 6.
399 1.
416 6.
4331.
4412.
4365.
4415.
4785.

7201.
8007.
8823.
9758.
10856.
12052.
13292.
14244.
15462.
16915.

40 500.

1900.

5500.

9800.

5000.

18300.

‘

TABLE 521.2

YEAR

1
1
1
i
1

TOTAL

39

ASSETS OF THE FARMING SECTOR
CURRENT DOLLARS
CHANGE DURING YEAR IN MILLIONS OF DOLLARS
1
1
1
I
1

PHYSICAL
TOTAL

REAL
ESTATE

MACHINERY
ANO
LIVESTOCK
MOTOR

STORED
CROPS

1
1____
_
HOUSEHOLD i
EQUIPMENT i TOTAL
AND
1

FINANCIAL
BANK DEPOSITS
CURRENCY
DEMAND

TIME

INVESTMENTS
U.S.
IN
SAVINGS
BONDS COOPERATIVES

miLCi.ES_____________________fu&Mismafis.
1 9 4 0 .. .1
1 9 4 1 ...|
1 9 4 2 ...I
1 9 4 3 ...|
1 9 4 4 ...|
1945...1
1 9 4 6 ...|
1947...1
1 9 4 8 ...j
1 9 4 9 ...|

1731. |
8164. 1
10695. |
10353. I
9787. |
9143. 1
13008. I
11480. |
7257. |
-9 9 . |
1
19759. I
15796. 1
-2 49 9. 1
-3 04 1. |
4236. 1
4849. i
91 12. 1
8501. |
17140. |
1784. |

1340.
7225.
8764.
8079.
7135.
6727.
11980.
11411.
7218.
105.

764.
3147.
40 57.
6596.
5684.
7162.
7417.
5201.
2959.
977.

194.
734.
960.
491.
1035.
-1086.
-5 0 .
2028.
2702.
2098.

192.
1748.
2570.
4 1.
-6 73 .
706.
2199.
1341.
1169.
-1532.

297.
886.
1232.
1000.
602.
-409.
806.
1941.
-459.
-971 .

-1 07 .
710.
-55.
-4 9.
48 7.
354.
1608.
900.
847.
-4 6 7 .

1
!
j
1
I
1
i
I
I
i

3 91 .
939 .
1931.
2274.
2652.
2416.
1028.
6 9.
39 .
-2 0 4 .

76.
310.
440.
474.
550.
446.
32.
-238.
-8 8 .
-2 3 4 .

122.
3 45 .
750.
541.
587.
746 .
573 .
4 7.
-2 61 .
-2 71 .

44.
57.
59.
119.
193.
292.
204.
-7 7 .
0.
0.

104.
158.
6 01 .
1050.
1217.
7 73 .
6 0.
163.
222 .
123.

45.
69.
81.
90.
105.
159.
159.
174.
166.
178.

19567.
15230.
-2677.
-326 3.
3819.
4411.
9102.
8100.
16322.
2805.

11923.
8929.
1599.
-1397.
3562.
5287.
8163.
6088.
93 00.
6107.

1965.
2543.
721.
1042.
158.
744.
901.
-95.
1690.
910.

4206.
2427.
-4746.
-3036.
-535.
-582 .
369.
2860.
3798.
-2407.

316.
866.
258.
140.
475.
-1 3 0 6 .
-4 .
-718 .
1719.
-1 6 0 0 .

1157.
465.
-509 .
-12.
159.
268.
-3 27 .
-35.
-1 85 .
-2 05 .

1
192.
i
56 6.
J
178.
I
222 .
i
4 17 .
I
438 .
i
10.
i
401.
i
8 18 .
I -102 1.

-1 4 8 .
90.
-1 18 .
-7 6 .
-23.
-1 .
-2 18 .
29.
-3 5.
-1 07 .

154.
182.
0.
-6 5 .
-7 5 .
0.
47.
-1 63 .
3 43 .
-5 63 .

0.
67.
132.
131.
98 .
52 .
52.
263.
172.
-1 29 .

-3 4 .
21 .
-7 5 .
100.
237 .
199.
-1 05 .
53.
65.
-5 18 .

220.
206.
239.
132.
180.
188.
234.
219.
273.
296.

j
|
|
|
|
|
|
|
i
]

879.
8223.
7804.
7928.
7485.
16448.
12964.
12940.
13934.
11351.

1305.
6082.
5633.
8376.
8945.
11709.
9893.
10596.
9490.
6593.

-5 40 .
311.
938.
481.
891.
1179.
1438.
2365.
1463.
1028.

359.
821.
879.
-1439.
-1 3 7 4 .
3091.
1388.
-142.
1417.
3232.

261.
776.
517.
524.
-609.
500.
298.
-385 .
992.
310.

-5 06 .
233.
-1 63 .
-1 4.
-3 68 .
-31.
-5 3 .
506.
572.
188.

1
|
I
i
I
I
i
1
1
I

-2 0 2 .
2 52 .
530.
158.
569.
551 .
4 85 .
77 0.
8 89 .
757 .

-1 00.
10.
92.
-1 00 .
37.
38.
45.
56.
29.

-3 0 0 .
20.
-8 0 .
-4 0 .
79.
80.
0.
101.
118.
64.

-46.
62 .
340.
199.
238.
299.
323.
435.
409.
315.

-3 8 .
-1 62 .
-3 9 .
-1 95 .
-2 3 .
-1 5 2 .
-1 32 .
-1 35 .
-3 4 .
-1 3 .

282.
322.
217.
294.
238.
286.
294.
324.
340.
362.

9854.
|
1 24210.
1 40918.
81608.
i
1 37409.
| 60859.
| 74190.
| 55646.
| 104959.
| 127783.
1

7397.
16434.
27719.
60417.
40705.
48484.
66907.
41974.
73717.
96463.

207 3.
2240.
2670.
4941.
11519.
9263.
6851.
5802.
6671.
12671.

227.
3560.
6802.
. 8303.
-1 7 7 9 1 .
4902.
-4 30 .
2899.
19304.
12744.

-233.
1148.
2644.
7562.
1232.
-1969.
693.
2878.
2544.
3080.

390.
828.
10t83.
385.
1744.
179.
169.
2093.
2723.
2825.

I
i
1
I
i
i
J
i
1
1

1197.
1621.
2123.
212 6.
1544.
1881.
1255.
1628.
22 28.
2065.

34.
50.
90.
-1 0 .
-1 2 4 .
-5 0.
-70.
-50.
-1 0 .
30.

90.
100.
20 1.
191.
-5 9 .
120.
75.
14 0.
115.
160.

419.
567.
582.
672.
366.
490.
34 5.
270.
300.
275.

-1 5 2 .
88 .
3 15 .
175.
165.
81 .
-4 7 .
5 0.
3 70 .
2 15 .

806.
816.
935.
1098.
1196.
1240.
952.
1218.
1453.
1385.

1 9 5 0 ...|
1 9 5 1 ...|
1952...1
1 9 5 3 ...|
1954...1
1955...1
1 9 5 6 ...|
1 9 5 7 ...|
1 9 5 8 ...|
1 9 5 9 ...|
j
1 9 6 0 ...I
677.
1 96 1... |
8475.
1 9 6 2 ...|
8334.
196 3... I
8086.
1 9 6 4 ...|
8054.
1 9 6 5 . . . | 16999.
13449.
1966...1
1 9 6 7 . . . | 13710.
1 9 6 8 ...i
14823.
12108.
1 9 6 9 ...i
i
1 9 7 0 . . . | 11051.
1 9 7 1 ...i
25831.
43041.
1972...1
1 9 7 3 . . . I 83734.
1974...1
38953.
62740.
1975...1
1976...1
75445.
1 9 7 7 . . . | 57274.
1 9 7 8 . . . | 107187.
1 9 7 9 . . . | 129848.
i

0.

CHANGES IN THE CURRENT VALUE OF ASSETS, ALSO SHOWN IN TABLE 5 4 1 . 1 , REFLECT BOTH NET INVESTMENT AND INTER-SECTOR TRANSFERS
ITABLE 542.11 AND CAPITAL APPRECIATION (TA B LE 5 4 3 . 1 ) .
CHANGES IN THE PURCHASING POWER OF THE TOTAL FUNDS INVESTED IN FARM
ASSETS SHOULD ALSO BE CONSIDERED IN EVALUATING THE REAL IMPACT OF CHANGES IN CURREHT-DOLLAR ASSET VALUES (TAB LE 5 4 4 . 1 ) .




40

TABLE

5 2 1 .3

AS SE TS OF T HE FARMING SECTOR
CURRENT DOLLARS
PERCENTAGE CHANGE DURING YEAR
1
1
|
1
1
1
1
1 9 4 0 ...|
1 9 4 1 ...|
1 9 4 2 ...j
1 9 4 3 ...|
1 9 4 4 ... |
1 9 4 5 ...|
1 9 4 6 ...|
1 94 7 ...1
1 948.• • |
1 94 9 ...1

YEAR

P H Y SI C A L
TOTAL

|
TO T A L

REAL
ESTATE

MACHINERY
ANO
L IV E S T O C K
MOTOR
V EH IC L ES

FINANCIAL
HOUSEHOLD
STORED
EQUIPMENT 1 T O T A L
CROPS
ANO
^ F U R N IS H IN G S

DEMAND

BANK O E P O S I T S
T IM E

U .S .
IN V ES T M EN T S
SAVING S
IN
BONDS
iC OO PE RAT IV ES

CURRENCY

3 .3
14.9
17.0
14.1
11.7
9 .8
12.6
9 .9
5 .7
-0 .1

1
1
i
|
|
|
|
|
|
1

2 .8
14.4
15.3
12.2
9 .6
8 .3
13.6
11.4
6 .5
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
-1 6 .8
-0 .9
38.0
3 6.7
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
-1 1 .3

-2 .5
17.3
-1 .1
-1 .0
10.3
6 .8
2 9.0
12.6
10.5
-5 .2

1
1
1
1
1
1
1
1
1
1

9 .1
19.9
34.2
30.0
2 6.9
19.3
6 .9
0 .4
0 .2
-1 .3

10.2
3 7.9
39.0
30.2
2 6.9
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

4 1.8
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

1 9 5 0 ...|
1 9 5 1 ...|
1 9 5 2 ...I
1 9 5 3 ...|
1 9 5 4 ...|
1 95 5 ...1
1 95 6 ...1
1 95 7 ...1
1 9 5 8 ...I
1 9 5 9 ...|
j

14.7
10.2
-1 .5
-1 .8
2 .6
2 .9
5 .2
4 .7
9 .0
0 .9

|
1
|
|
|
|
1
|
|
1

16.5
11.0
-1 .7
-2 .2
2 .6
2 .9
5 .8
4 .9
9 .4
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
-2 4 .3
-2 0 .5
-4 .6
-5 .2
3.5
26.0
27.4
-1 3 .6

4 .2
11.0
2 .9
1 .6
5 .2
-1 3 .5
-0 .0
-8 .6
2 2.6
-1 7 .1

13.7
4 .8
-5 .1
-0 .1
1 .7
2 .8
-3 .3
-0 .4
-1 .9
-2 .2

1
i
1
1
1
1
1
1
1

1 .2
3*5
l.l
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
l .4
-1 .7
-5 .3

3 .4
3 .9
0 .0
-1 .4
-1 .6
0 .0
1 .0
-3 .5
7 .5
-1 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
-1 0 .0

10.7
9 .1
9 .6
4 .9
6 .3
6 .2
7 .3
6 .3
7 .4
7 .5

1 9 6 0 ...|
1 9 6 1 ...|
1 9 6 2 ...1
1 9 6 3 ...|
1 9 6 4 ...|
1 9 6 5 .|
1 96 6 ...1
1 9 6 7 ...|
1 9 6 8 ...(
1 9 6 9 ...)
j

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

1
|
1
|
i
|
|
i
1
1

0 .5
4 .3
3 .9
3 .8
3 .5
7 .3
5 .4
5.1
5 .2
4 .0

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

-5 .5
2 .7
-1 .8
-0 .2
-4 .2
-0 .4
-0 .6
6 .1
6 .5
2 .0

1
1
1
1
1
1
1
1
1
1

-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

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

3 .5
7 .9
12.2
21.2
8.1
12.1
13.0
8 .7
15.0
15.8

|
|
|
|
|
|
|
|
i
|

3 .4
8 .0
12.5
22.2
8 .3
12.5
13.6
9 .0
1 5.5,
16.3

3 .4
7 .4
11.6
22.6
12.4
13.2
16.0
8 .7
14.0
16.1

6 .4
6 .5
7 .3
12.6
26.0
16.6
10.5
8 .1
8 .6
15.0

1.0
15.0
24.9
24.4
-4 2 .0
19.9
-1 .5
10.0
60.4
2 4.9

-2 .1
10.7
22.3
52.2
5 .6
-8 .5
3 .3
13.1
10.2
11.2

4 .1
8 .3
1 0.0
3 .2
14.2
1 .3
1.2
!*».©
16.6
14.7

1
1
1
1
1
1
1
1
1
1

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

1 .7
2 .4
4 .3
-0 .5
-5 .7
-2 .4
-3 .5
-2 .6
-0 .5
1 .6

2.1
2 .2
4 .4
4 .0
-1 .2
2 .5
1 .5
2 .8
2 .2
3 .0

7 .6
9 .6
9 .Q
9 .5
4 .7
6 .0
4 .0
3 .0
3 .3
2 .9

-4 .1
2 .5
8 .6
4 .4
4 .0
1.9
-1 .1
1.1
8 .4
4 .5

11.2
10.2
10.6
11.3
1 1.0
10.3
7 .2
8 .6
9 .4
8 .2




i

TABLE 521.4

41

ASSETS OF THE FARMING SECTOR, JANUARY 1
CURRENT DOLLARS
PERCENTAGE OF TOTAL
PHYSICAL
YEAR

TOTAL

I
TOTAL

REAL
ESTATE

MACHINERY
AND
LIVESTOCK
MOTOR
V E H IC LES

1 94 0...
1 94 1...
1 94 2...
1 94 3...
1944...
1945...
1 94 6...
1 94 7...
1 948...
1 949...

100.0
100.0
100.0
100.0
1 00.0
100.0
1 00.0

1950...
1 95 1...
1 95 2...
1953...
1954...
1955...
1956...
1957...
1958...
1 959...

10 0 .0
10 0.0
10 0.0
100.0
10 0.0
10 0.0
10 0.0
100.0

1960...
1 9 6 1...
1 96 2...
1 96 3...
1 96 4...
1 9 6 5...
196 6...
1 9 6 7...
1 96 8...
1 9 6 9...

10 0.0
10 0.0
100.0

FINANCIAL
HOUSEHOLD |
STORED EQUIPMENT | TOTAL
AND
I
CROPS
FURNISHINGSI

BANK DEPOSITS
CURRENCY
DEMAND

TIME

INVESTMENTS
U.S.
SAVINGS
IN
BONDS COOPERATIVES

|
|
j
i
|

9 1. 9
9 1 .4
9 1. 0
89.7
88.3
86.7
85.5
86.2
87.4
88.1

6 3 .4
6 2 .8
5 9. 7
56.5
5 7. 4
57.5
59.3
59.1
57 .8
56.9

5.8
5.9
6.3
6.7
6. 5
6.9
5. 2
4.6
5. 8
7 .5

9.7
9.7
11.2
13.1
11.5
9.6
9.4
10. 3
10.4
10.7

5 .0
5. 4
6 .1
6 .9
7.2
7.1
6.1
6.1
7.1
6 .4

7 .9
7 .5
7 .7
6 .5
5 .6
5 .5
5 .4
6 .2
6.3
6.6

i
i
I
1
i
1
i
i
1
i

8 .i
8.6
9 .0
10. 3
11 .7
13.3
14.5
13.8
12.6
11.9

1 .4
1 .5
1 .8
2.1
2 .4
2 .8
3.0
2 .6
2 .2
2 .0

2.4
2 .6
2 .8
3 .4
3 .6
3 .9
4. 3
4 .3
3 .9
3 .5

2 .3
2 .3
2. 1
1 .9
1.8
1.8
1 .9
1.9
1.7
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

1
1
I
|
1
i
I
1
I
|

88.2
89 .6
9 0. 2
90.0
89 .7
89.7
89.7
90 .2
9 0 .4
9 0.8

57.7
58.0
57.9
5 9. 7
6 0 .0
6 0.6
6 1. 9
6 3 .3
63. 7
6 2 .9

9.0
9 .2
9. 8
1 0. 4
11.2
11 .0
11.1
11.1
10.5
10.5

9.6
11.1
11.5
8.8
7.1
6 .6
6.1
6 .0
7.2
8.5

5.6
5.1
5. 2
5 .4
5.6
5.7
4 .8
4 .6
4 .0
4 .5

6.3
6 .2
5 .9
5 .7
5 .8
5 .7
5 .7
5 .3
5 .0
4 .5

1
)
1
1
1
1
1
1
j
J

11.8
10.4
9 .8
10.0
10.3
10.3
10.3
9 .8
9 .6
9. 2

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
1.6
1.9
1 .9
1 .9
1.9

9 1 .4
91 .5
9 1.7
9 1. 8
9 2.0
92.1
9 2.4
92.6
9 2. 6
9 2.7

65 .3
6 5 .7
6 5 .9
6 6 .0
6 7 .3
6 8 .7
6 8 .7
6 9 .0
6 9.3
69. 1

10.8
10.5
10.3
10.3
10.2
10.2
10.0
10.0
1 0.4
10.3

7.3
7.4
7.5
7.6
6 .7
5.9
6.7
6 .9
6.5
6. 7

3 .7
3 .8
4 .0
4. 1
4 .2
3. 8
3. 7
3. 6
3 .3
3.5

4.4
4 .1
4. 1
3.9
3.7
3.4
3 .2
3 .0
3. 1
3 .1

I

8 .6

|

8 .5

10 0 .0
10 0.0

1
1
1
|
1
|
l
|
I
I

j
I
1
i
j
1
1
1

8.3
8 .2
8 .0
7.9
7. 6
7.4
7 .4
7 .3

0.9
0.9
0 .3
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

1 97 0..,
1 97 1...
197 2...
197 3...
1 97 4...
1 9 7 5...
197 6...
1 9 7 7...
1 978...
1 97 9...

1 00 .0
10 0 .0
10 0.0
1 00 .0
10 0 .0
1 00 .0
10 0.0
1 00 .0
10 0 .0
10 0.0

|
I
l
I
I
i
|
I
I
i

92 .7
9 2 .6
92 .7
9 3.0
93.8
9 3. 9
9 4 .3
9 4 .7
9 4. 9
9 5 .3

6 8 .5
6 8 .5
68. 1
67.7
6 8 .5
71.2
7 1 .9
7 3. 8
7 3 .8
7 3.1

10.3
10.5
1 0. 4
9.9
9 .2
1 0.8
11.2
1 1. 0
1 0. 9
1 0.3

7.5
7.3
7.8
8.6
8.9
4 .7
5.1
4 .4
4.5
6.2

3.5
3. 3
3.4
3.7
4 .6
4. 5
3 .7
3 .4
3 .5
3 .3

3.0
3.1
3. 1
3.0
2.6
2 .7
2.4
2 .2
2 .3
2 .3

1
1
1
)
I
i
1
i
1
1

7.3
7 .4
7.3
7.0
6 .2
6 .1
5 .7
5.3
5 .1
4.7

0.6
0.6
0.6
0.6
0 .5
0.4
0.3
0.3
0 .3
0 .2

1 .4
1 .4
1.3
1.2
1.0
0 .9
0 .9
0. 8
0 .7
0 .7

1.8
1.8
1.8
1.8
1.6
1.6
1. 5
1 .4
1. 3
1.2

1.2
1.1
0.9
0 .8
0 .8
0 .7
0 .6
0.6

2 .3
2 .5
2.5
2 .5
2 .3
2 .3
2 .3
2 .2
2.2
2.1

1980...

1 0 0 .0

I

9 5 .7

7 3. 3

1 0.2

6. 7

3.2

2.3

1

4.3

0 .2

0 .6

1 .0

0.5

1.9

10 0.0
10 0.0
10 0.0

100.0
100.0

100.0

10 0.0
10 0.0
10 0.0
100.0




|
|
|
|
i

1 .0
1 .0

42

TABLE 522.1

A S S E T S OF

THE FARMING SE C TO R , JANUARY
IN 1967 PRI C ES
IN M IL L IO N S OF DOLLARS

1

AMOUNTS

1

YEAR

|
|

TOTAL

1
I
1940...1
1 9 4 1 ... 1
1942...1
1 9 4 3 ...|
1 9 4 4 ...|
1 9 4 5 ...I
1 9 4 6 ...i
1 9 4 7 ...|
1 9 4 8 ...|
1 9 4 9 ...|
1
1 9 5 0 ...|
1 9 5 1 ...|
1 952...1
1 95 3...1
1 9 5 4 ...|
1 9 5 5 ...|
1 9 5 6 ...|
1 9 5 7 ...|
1958...1
1 9 5 9 ...|
1
1
1 9 6 0 ...|
1 9 6 1 ...|
1 9 6 2 ...i
1 9 6 3 ... 1
1 9 6 4 ...|
1 9 6 5 ...|
1 9 6 6 ...i
1 9 6 7 ...|
1 9 6 8 ...|
1969...1
■
1 9 7 0 ...|
1 9 7 1 ...|
1972...1
1 9 7 3 ...|
1974...1
1 9 7 5 ...|
1 9 7 6 ...|
1 9 7 7 ...|
1978...1
1 9 7 9 ...|
1
1 9 8 0 ...i

1
1
1

P HY SI C A L

REAL
ESTATE

MACHINERY
AND
L IV E S T O C K
MOTOR

STORED
CROPS

HOUSEHOLD
EQUIPMENT
AND

|
1

TO TA L

|
|
|
|
1
|

194725.
196904.
199705.
201765.
20 1735201887.
201052.
203541.
206159.
213724.

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.
7519.
6416.
8465.

7940.
8082.
8140.
7605.
7281.
7184.
7394.
7982.
8323.
8855.

223781.
228931.
233074.
236293.
240340.
243253.
245338.
244906.
246155.
249482.

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.
8800.
9059.
9022.
8671.
9596.
11079.

8984.
9323.
9453.
9191.
9190.
9586.
10041.
9643.
9530.
9470.

249804.
249407.
249934.
250793.
251992.
250772.
253170.
253839.
257012.
259277.

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.

9730.
10315.
10656.
10874.
11074.
9497.
10914.
10004.
11373.
12665.

9209.
8728.
9017.
8907.
8874.
8553.
8559.
8315.
3638.
8807.

260566.
261194.
264988.
266810.
270504.
270302.
270747.
270504.
273663.
274955.

190963.
192292.
193543.
194826.
196378.
197717.
197401.
197293.
1972 00.
197205.

28644.
28805.
28610.
28925.
30255.
30904.
30910.
31099.
31134.
30998.

19554.
20211.
20507.
20899.
21859.
22200.
21420.
20832.
19930.
19209.

12740.
11125.
13037.
12111.
11980.
9553.
11473.
11450.
14533.
15550.

8665.
8761.
9291.
10049.
10032.
9928.
9543.
9830.
10866.
11993.

279000.

197100.

33000.

20000.

16000.

12900.

1
1
1

FINANCIAL
BANK D E P O S IT S

| T O TA L
1

CURRENCY
DEMAND

T IM E

U .S .
IN V ES T M EN T S
IN
SAVI NG S
BONDS
C OO PE R AT IV E S

VEHICLES _____________________ FURNISHINGS.
206717.
209628.
213151.
217389.
220681.
224621.
227228.
227706.
226961.
235133.
245495.
248987.
252848.
256766.
261339.
264767.
26 766 9.
266441.
267656.
271429.

1

|
|
|

|
|
|
|
|
j
|
|
|
|
1
1
270341. |
269716. |
270297. |
271291. |
272439. |
271611. |
273717. |
274255. |
277989. |
280504. |
I
281322. |
281732. 1
286187. |
28 7536. |
289429. |
288270. |
288378. |
287969. |
290987. |
291380. |
j
294550. 1
L
________ L

11992.
12724.
13446.
16124.
18946.
22734.
26176.
24165.
20802.
21409.

2061.
2211.
26 86.
3336.
39 27.
471 3.
5330.
4 65 2.
3678.
3659.

3572.
3805.
41 74.
5326.
58 54.
66 02.
7679.
7500.
6490.
6315.

33 64.
3392.
3124.
2917.
286 5.
3060.
3465.
3302.
2730.
2 803.

6 92 .
9 54 .
1217.
2366.
4158.
6143.
728 4.
6382.
5682.
612 9.

2303.
2362.
2245.
2179.
2142.
2216.
2418.
2329.
2222.
2503.

21714.
20056.
19774.
20473.
20999.
21514.
22331.
21535.
21501.
21947.

3438.
2952.
2919.
2846.
2788.
2759.
2792.
2429.
2406.
2310.

6116.
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.

20537.
20309.
20363.
20498.
20447.
20839.
20547.
20416.
20977.
21227.

2162.
2049.
2037.
2093.
1962.
1981.
1938.
1880.
1906.
1905.

4915.
457 4.
4545.
4357.
4266.
430 5.
4210.
4084.
4144.
41 38.

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.

20756.
20538.
21199.
20726.
18925.
17968.
17631.
17465.
17324.
16425.

1827.
1747.
1731.
1630.
1376.
1172.
1058.
975.
900.
7 99.

3970.
3809.
3766.
3551.
313 2.
2794.
2651.
2568.
2500.
2282.

5013.
5071.
5372.
5285.
4909.
4640.
4555.
4523.
44 14.
4071.

3400.
3067.
3038.
2978.
2637.
2475.
2334.
2205.
2112.
2045.

6546.
6844.
7292.
7282.
6871.
6887.
7033.
7194.
7398.
7228.

1 15550.
1

730.

2115.

3 765.

1900.

7040.

I
I
1
|
1
i
I
|
I
I
1
1
I
|
|
I
I
I
1
1
'I
I
1
I
j
I
|
I
J
j
I
I
J
I
|
|
1
1
I
|
I
i
|
I

IN TH ESE USDA S E R I E S , PH Y S IC A L A S SE T S ARE VALUED AT T H E I R 1967 P R I C E S , SO T H A T THE DATA R EF L EC T CHANGES I N PHY SI C A L Q U A N T I T I E S
OF TH E A S S E T S .
FOR F I N A N C I A L A S S E T S , AMOUNTS I N CURRENT DOLLARS ( fA B L E 521.11 ARE D EF L A T ED BY THE INDEX OF P R IC ES P A I D BY FARMERS
( P A R I T Y IN D E X , SEE TA B L E 5 3 1 .1 1 , AND THUS THE DATA R E F L E C T CHANGES I N THE GENERAL FARM PURCHASING POWER OF THE S E A S S E T S .
FOR D A TA TH A T EXPRESS AS SET VALUES IN DOLLARS OF CONSTANT (19671 CONSUMER PURCHASING POWER, SEE TA BL E 5 1 2 .1 .




TABLE 522.2

43

ASSETS OF THE FARMING SECTOR
IN 1967 PRICES
CHANGE DURING YEAR IN MILLIONS OF DOLLARS
1
1
|
1
1
1
1
1 9 4 0 ...|
1 9 4 1 ...|
1 9 4 2 ...|
l 943 . . . |
1 9 4 4 ...|
1 9 4 5 ...|
1 9 4 6 ...|
1 9 4 7 ...|
1 9 4 8 ...I
1 9 4 9 ...|

YEAR

FINANCIAL

PHYSICAL
TOTAL

|
TOTAL

REAL
ESTATE

MACHINERY
AND
LIVESTOCK
MOTOR
VEHICLES

HOUSEHOLD
STORED EQUIPMENT | TOTAL
CROPS
AND
FURNISHINGS

2911.
3523.
4738.
2792.
3940.
2607.
478.
-745.
8172.
10362.

|
1
1
|
|
|
|
|
1
1

2179.
2801.
2060.
-3 0.
152.
-8 35.
2489.
2618.
7565.
10057.

702.
702.
702.
702.
706.
-3 5 3 .
1585.
1631.
1934.
6916.

323.
1269.
-4 80 .
-820.
98.
561.
911.
2485.
3169.
3046.

268.
919.
1263.
829.
-9 88 .
-5 68 .
-6 47 .
-7 36 .
-1 1 9 .
192.

744.
-147 .
1110.
-417 .
433.
-685 .
52.
-1103.
2049.
-226.

142.
58.
-5 3 5 .
-324 .
-9 7 .
210.
588.
341.
532.
129.

1 9 5 0 ...J
1951...1
1 9 5 2 .. .1
1 9 5 3 .. .1
1 9 5 4 ...|
1 9 5 5 .. . |
1 9 5 6 ...|
1 9 5 7 ...|
1 9 5 8 ...|
1 9 5 9 ...|
1
1
1 9 6 0 ...|
1 9 6 1 ...|
1 9 6 2 ...|
1963...1
1 9 6 4 ...|
1 9 6 5 .. . |
1 9 6 6 ...|
1 9 6 7 ...|
1 9 6 8 ...|
1 9 6 9 ...|

3492.
3861.
3918.
4573.
3428.
2902.
-1 22 8.
1215.
3773.
-1088.

1
|
|
|
|
|
J
|
1
|

5150.
4143.
3219.
4047.
2913.
2085.
-4 32.
1-249.
3327.
322.

2092.
1492.
1905.
1859.
1688.
1482.
1455.
1302.
1194.
855.

2498.
2002.
669.
1372.
295.
171.
-5 51 .
-574.
146.
588.

650.
843.
47 7.
-6 7.
275.
14.
-5 87 .
-2 91.
564.
489.

-429.
-324.
430.
884.
259.
-37.
-3 51 .
925.
1483.
-1 3 4 9 .

-6 2 5 .
581.
994.
1148.
-828.
2106.
538.
3734.
2515.
818.

|
|
i
|
|
|
1
|
i
|

-3 97 .
527.
859.
1199.
-122 0.
2398.
669.
3173.
2265.
1289.

158.
-9 3.
154.
395.
335.
46 0.
804.
293.
423.
1143.

-4 74 .
-4 1 9 .
-2 5 .
204.
405.
654.
806.
1077.
129.
-5 .

-185.
409.
622.
433.
-6 2.
-1 39.
213.
111.
252.
218.

1970...1
1 9 7 1 ...|
1 97 2...1
1 973.. .|
1 9 7 4 ...|
1975...1
1 9 7 6 ...J
1 9 7 7 ...|
1 9 7 8 ...|
1979...1
_________ L

410.
4455.
1349.
1893.
-1159.
108.
-4 09.
3018.
393 .
3170.

|
|
|
1
|
i
|
|
1
|

62 8.
3794.
1822.
3694.
-2 02 .
445 .
-2 43 .
3159.
1292.
4045.

1329.
1251.
1283.
1552.
1339.
-3 16 .
-1 08.
-9 3 .
5.
-1 05 .

161.
-1 95 .
31 5.
1330.
649.
6.
189.
35.
-1 36 .
2002.

657.
296.
392.
960.
341.
-7 80 .
-5 88 .
-9 0 2 .
-7 2 1 .
791.




BANK DEPOSITS
CURRENCY
DEMAND

TIME

U .S.
INVESTMENTS
IN
SAVINGS
80NDS COOPERATIVES

| 2678.
I
2822.
I
37 88.
I
3442.
I -2011.
I -3 3 6 3 .
i
60 7.
I
305.

150.
475.
650.
591.
786.
617 .
-6 78 .
- 9 74.
-1 9 .
-221.

2 33 .
3 69 .
1152.
528 .
7 48 .
1077.
-1 79 .
-1 0 1 0 .
-1 7 5 .
-1 9 9 .

28.
-2 68 .
-2 07.
-5 2 .
195.
40 5.
-1 63 .
-5 72 .
73.
76.

262.
2 63 .
1149.
1792.
1985.
1141.
-9 0 2 .
-7 0 0 .
4 47 .
33 7.

59.
-1 17 .
-66.
-3 7.
74.
202.
-8 9 .
-1 0 7 .
281.
312.

339.
130.
-2 62 .
-1 .
396.
455.
-398.
-1 13 .
-60.
-2 61 .

1 -1658.
| -2 82 .
j
699.
i
526.
1
51 5.
1
817.
I
-7 96.
I
-3 4 .
i
44 6.
i -1410.

-486.
-3 3 .
-7 3.
-5 8.
-29.
33.
-3 63 .
-2 3 .
-9 6.
-1 48 .

-3 4 2 .
-5 9 .
140.
-8 .
-9 3 .
72 .
-1 5 4 .
-325.
271 .
-7 0 3 .

-2 51 .
-4 6 .
224.
196.
121.
105.
-5 5 .
235.
120.
-1 87.

-6 08 .
-2 54 .
45.
193.
293 .
32 5.
-3 60 .
-8 1 .
-6 4 .
-6 5 6 .

29.
110.
363.
203.
223.
282.
136.
160.
215.
284.

585.
341.
218.
200.
-1577.
1417.
-910.
1369.
1292.
75.

-4 81 .
289.
-1 1 0 .
-33.
-3 2 1 .
6.
-2 44.
323.
169.
-1 42 .

j
|
1
I
1
I
j
1
1
I

-2 28 .
54 .
135.
-5 1 .
392 .
-2 9 2 .
-1 31 .
5 61 .
2 50 .
-4 71 .

- 1 13.
-1 2 .
56.
-1 31 .
19.
-43.
-5 8 .
26.
-1 .
-7 8 .

-3 41 .
-2 9 .
-1 88 .
-9 1 .
39.
-9 5 .
-1 26 .
6 0.
-6 .
-1 68 .

-5 2 .
32.
301.
177.
215.
143.
198.
388.
256.
14.

-4 3 .
-2 41 .
-1 53 .
-2 6 5 .
-7 5 .
-3 43 .
-2 57 .
-1 7 3 .
-1 40 .
-2 0 9 .

321.
304.
119.
259.
194.
46.
112.
260.
141.
-3 0.

-1615.
1912.
-9 26 .
-131.
-2427.
1920.
-2 3.
3083.
1017.
450.

96.
530.
758.
-17.
-1 0 4 .
-3 8 5 .
287.
1036.
1127.
907.

I -2 1 8 .
|
661 .
I -4 73 .
| -1 80 1.
1 -9 57 .
1 -3 37 .
I
-1 66 .
I
-1 41 .
| -8 99 .
i
-8 75 .

-8 0.
-16.
-1 01 .
- 2 54.
-2 04 .
-1 1 4 .
-8 3 .
-7 5 .
-1 01 .
-6 9 .

-1 61 .
-4 3 .
-2 1 5 .
-4 1 9 .
-338.
-1 4 3 .
-8 3 .
-6 8 .
-2 1 8 .
-167.

58.
30 1.
-8 7.
-3 76 .
-2 69 .
-8 5.
-3 2 .
-1 09 .
-3 4 3 .
-3 0 6 .

-3 33 .
-2 9 .
-6 0 .
-3 41 .
-1 62 .
-1 4 1 .
-1 29 .
-9 3 .
-6 7 .
-1 4 5 .

298.
448.
-10.
-4 11.
16.
146.
161.
204.
-1 7 0 .
-1 88 .

I

732.

1

722.

44
TABLE 522.3

ASSETS CF THE FARMING SECTOR
IN 1967 PRICES
PERCENTAGE CHANGE DURING YEAR
1
1
1
|
1

PHYSICAL

1
1
HOUSEHOLD 1
EQUIPMENT I TOTAL
AND
1

1
1
1
1
1

TOTAL

1 9 4 0 ...|
1 9 4 1 ...|
1 9 4 2 ...|
1 9 4 3 ...|
1944...1
1 9 4 5 ...|
1 9 4 6 ...|
1 9 4 7 ...|
1 948...|
1 9 4 9 ...|

1 .4
1 .7
2 .2
1.3
1.8
1 .2
0.2
-0 .3
3 .6
4#4

|
1
i
|
|
|
1
|
|
|

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
2 2. 6
2 3.5
18.3

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
-1 4 .7
3 1. 9
-2 .7

1.8
0.7
-6 .6
-4 .3
-1 .3
2 .9
8 .0
4.3
6.4
1.5

1 9 5 0 ...|
1 9 5 1 ...|
1 9 5 2 ...|
1 953...|
1 9 5 4 ...|
1 9 5 5 ...|
1 9 5 6 ...|
1 9 5 7 ...|
1 9 5 8 ...|
1 9 5 9 ...|
j
1 9 6 0 ...i
1 9 6 1 ...|
1 962...1
1 9 6 3 ... |
1 96 4...1
1 9 6 5 ...|
1 9 6 6 ...|
1 9 6 7 ...|
1 9 6 8 ...|
1 9 6 9 ...|
j
1 9 7 0 ...|
1 9 7 1 ...|
1 9 7 2 ...|
1 9 7 3 ...|
1 9 7 4 ...|
1 9 7 5 ...|
1 9 7 6 ...|
1 9 7 7 ...|
1 9 7 8 ...f
1 9 7 9 ...|
1

1.4
1 .6
1 .5
1 .8
1 .3
1.1
-0 .5
0.5
1.4
-0 .4

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

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

12.7
9.0
2 .8
5 .5
1.1
0 .6
-2 .1
-2 .2
0 .6
2 .3

4. 2
5.3
2.8
-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
-1 2 .2

3 .8
1 .4
-2 .8
-0 .0
4.3
4 .7
-4 .0
-1 .2
-0 .6
-2 .8

-0 .2
0 .2
0.3
0.5
-0 .5
1.0
0 .3
1 .3
0 .9
0 .5

0 .1
-0 .0
0 .1
0 .2
0. 2
0.2
0 .4
0 .2
0 .2
0.6

-1 .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
-1 4.2
14.9
-8 .3
13 .7
11 .4
0 .6

-5 .2
3.3
-1 .2
-0 .4
-3 .6
0.1
-2 .9
3.9
2.0
-1 .6

0.2
1.5
0.7
1 .4
-0 .1
0.2
-0 .1
1.2
0 .5
1 .5

0.7
0.7
0.7
0.8
0.7
-0 .2
-0 .1
-0 .0
0.0

0.6
-0 .7
1. 1
4.6
2.1
0.0
0.6
0.1
-0 .4
6 .5

3. 4
1.5
1.9
4 .6
1.6
-3 .5
-2 .7
-4 .3
-3 .6
4.1

-1 2 .7
17.2
-7 .1
-1 .1
-2 0 .3
20.1
-0 .2
2 6 .9
7.0
2.9

1.1
6.0
8 .2
-0 .2
-1 .0
-3 .9
3.0
1 0.5
1 0 .4
7.6

YEAR

TOTAL

REAL
ESTATE

MACHINERY
ANO
LIVESTOCK
MOTOR

STORED
CROPS

FINANCIAL
BANK DEPOSITS
CURRENCY
DEMAND

TIME

U.S.
INVESTMENTS
IN
SAVINGS
BONDS COOPERATIVES

M f t l K L E S ______________________________

-0 .2
0 .2
0.4
0 .4
-0 .3
0 .8
0.2
1.4
0 .9
0.3
0 .1
1 .6
0.5
0.7
-0 .4
0.0
-0 .1
1 .0
0.1
1.1

_______ L




-O.i

6 .1
1
5 .7
1
1 19.9
1 17.5
1 2 0 .0
1 15.1
1 -7 .7
1 -1 3 .9
2 .9
1
1. 4
1
1
I
1 -7 .6
1 -1 .4
3 .5
1
2 .6
I
2 .5
1
3 .8
1
1 -3 .6
1 -0 .2
2 .1
1
1 -6 .4
a
1
-1 .1
i
0.3
j
0.7
i
-0 .2
i
1 .9
i
-1 .4
i
-0 .6
i
2 .7
i
1.2
i
-2 .2
i
a
1
i -1 .1
3 .2
i
i -2 .2
-8 .7
i
-5 .1
i
i -1 .9
-0 .9
i
i -0 .8
i -5 .2
I -5 .3

7 .3
21 .5
2 4 .2
17 .7
20.0
13 .1
-1 2 .7
-2 0 .9
-0 .5
-6 .0

6 .5
9 .7
27.6
9 .9
12.8
16.3
-2 .3
-1 3.5
-2 .7
-3 .2

0 .8
-7 .9
-6 .6
-1 .8
6 .8
1 3.2
-4 .7
-1 7 .3
2 .7
2 .7

3 7. 9
2 7.6
94.4
75.7
4 7 .7
18.6
-1 2 .4
-1 1 .0
7.9
5 .5

2.6
-5 .0
-2 .9
-1 .7
3.5
9.1
-3 .7
-4 .6
12.6
1 2. 5

-1 4.1
-1 .1
-2 .5
-2 .0
- 1 .0
1 .2
-1 3 .0
-0 .9
-4 .0
- 6 .4

-5 .6
-1 .0
2 .4
-0 .1
-1 .6
1.3
-2 .6
-5 .7
5.1
-1 2.5

-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
-1 1 .0

1 .0
3.9
12 .3
6 .1
6.3
7 .5
3 .4
3.8
5.0
6 .3

-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

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

-4 .1
-1 .1
-5 .7
-1 1 .8
-1 0.8
-5 .1
-3 .1
-2 .6
-8 .7
-7 .3

1.2
5 .9
-1 .6
-7 .1
-5 .5
-1 .8
-0 .7
-2 .4
-7 .8
-7 .5

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

4 .6
6.5
-0 .1
-5 .6
0 .2
2.1
2.3
2 .8
-2 .3
-2 .6

TABLE 522.4

45

ASSETS OF THE FARMING SECTOR, JANUARY 1
IN 1967 PRICES
PERCENTAGE OF TOTAL
FINANCIAL

PHYSICAL
YEAR

TOTAL

1
TOTAL

REAL
ESTATE

MACHINERY
LIVESTOCK
AND
MOTOR
VEHICLES

HOUSEHOLD
STOREO EQUIPMENT I TOTAL
AND
CROPS
FURNISHINGS

BANK DEPOSITS
CURRENCY
DEMAND

TIME

INVESTMENTS
U.S.
IN
SAVINGS
BONOS COOPERATIVES

1 94 0...
1 9 4 1...
1 9 4 2...
1 9 4 3...
1 944...
1 94 5...
1946. . .
194 7...
1 9 4 8...
1 9 4 9...

10 0. 0
10 0.0
10 0.0
100.0
10 0.0
1 00 .0
10 0.0
10 0. 0
100.0
10 0.0

1
|
|
|
|
|
I
|
|
|

9 4 .2
9 3 .9
9 3 .7
9 2.6
9 1. 4
89.9
88.5
89.4
90 .8
90.9

7 5.6
7 4. 9
7 4.0
7 2.7
72.1
7 1.2
70.2
7 0. 7
7 1.7
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
8.0
8.2
7.7
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

3.8
3 .9
3 .8
3 .5
3.3
3 .2
3 .3
3 .5
3.7
3 .8

!
1
I
1
1
I
I
I
I
1

5 .8
6.1
6 .3
7 .4
8. 6
10.1
11.5
10.6
9 .2
9. 1

1 .0
l .1
1 .3
1 .5
1 .8
2. 1
2 .3
2 .0
1 .6
1 .6

1.7
1 .8
2 .0
2.4
2 .7
2.9
3 .4
3 .3
2 .9
2. 7

1.6
1.6
1.5
1.3
1.3
1 .4
1.5
1.5
1.2
1.2

0 .3
0 .5
0.6
1.1
1 .9
2 .7
3. 2
2 .8
2 .5
2 .6

1.1
1.1
1.1
1.0
1.0
1.0
1.1
1.0
1.0
1.1

1 9 5 0 .. .
1 95 1...
1 95 2...
1 95 3...
1 95 4...
1 95 5...
1 95 6...
1 95 7...
1 95 8...
1 95 9...

1 00 .0
10 0 .0
10 0 .0
10 0.0
10 0.0
10 0 .0
10 0.0
1 00 .0
100.0
1 00 .0

1
|
l
|
J
|
(
|
]
|

9 1 .2
91 .9
9 2 .2
9 2. 0
92.0
91 .9
9 1. 7
91.9
9 2. 0
9 1.9

6 9 .9
6 9 .7
6 9. 3
6 9 .0
68.5
68.2
6 8 .0
6 8. 9
69.1
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. 4
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 .7
3.7
3 .6
3 .5
3 .6
3 .8
3 .6
3 .6
3 .5

1
j
i
|
1
|
1
|
1
I

8 .8
8.1
7 .8
8 .0
8 .0
6.1
8 .3
8. 1
8 .0
8.1

1 .4
1 .2
1 .2
1.1
1 .1
1 .0
1 .0
0 .9
0 .9
0 .9

2 .5
2. 3
2. 3
2. 3
2 .2
2 .2
2. 2
2.1
2.0
2.1

1.2
1.1
1.0
1.1
1.1
1.2
1.2
1.2
1.3
1.3

2 .6
2.4
2 .2
2 .2
2 .2
2 .3
2.4
2 .3
2 .2
2 .2

1.1
1.1
1.2
1.3
1.3
1 .4
1.5
1.6
1.6
1 .7

1960...
1 96 1...
1 96 2...
1 96 3...
1 96 4...
1 965...
1 966...
1 96 7...
1 968...
1 9 6 9...

1 00 .0
10 0.0
10 0.0
100.0
10 0. 0
10 0. 0
10 0.0
10 0.0
100.0
10 0.0

i
1
t
i
i
f
I
i
|
|

9 2. 4
9 2.5
9 2 .5
92 .4
92.5
9 2 .3
9 2.5
9 2.6
92 .5
9 2. 4

69.1
6 9 .4
6 9.2
6 9. 0
6 8 .8
69 .2
68. 8
6 9. 0
68. 1
6 7 .7

9 .7
9.6
9 .4
9.4
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. 2
3.3
3 .3
3.3
3.1
3.1
3. 0
3 .1
3.1

|
1
1
|
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

0 .8
0 .8
0.8
0 .8
0 .7
0 .7
0.7
0 .7
0 .7
0 .7

1.8
1.7
1.7
1.6
1.6
1.6
1.5
1.5
1.5
1 .5

1.2
1.2
1.2
1.3
1. 4
1.5
1.5
1.6
1.7
1.8

2 .0
1 .9
1 .9
1. 8
1 .7
1.7
1 .5
1 .4
1.3
1 .3

1.8
1.9
2.0
2.1
2.1
2 .2
2 .2
2. 3
2 .3
2 .3

1 97 0...
1 97 1...
1 97 2...
1 97 3...
1974...
1975...
1 976...
1 97 7...
1 978...
1979...

1 00 .0
10 0.0
100.0
100.0
1 00 .0
10 0.0
10 0.0
1 00 .0
100.0
10 0.0

|
|
i
1
i
i
|
I
1
i

9 2.6
92 .7
9 2 .6
9 2.8
93.5
9 3.8
93 .9
9 3.9
94.0
9 4 .4

6 7. 9
6 8.3
6 7.6
6 7 .8
6 7. 9
6 8. 6
68.5
68 .5
6 7.8
6 7 .7

10.2
10.2
10 .0
10.1
10.5
10.7
10.7
10.8
10.7
10.6

7.0
7.2
7.2
7. 3
7.6
7.7
7.4
7.2
6.8
6. 6

4 .5
3.9
4 .6
4 .2
4.1
3. 3
4 .0
4 .0
5.0
5 .3

3 .1
3 .1
3 .2
3 .5
3 .5
3.4
3.3
3.4
3.7
4. 1

1
|
1
1
{
I
t
i
I
j

7.4
7 .3
7.4
7 .2
6.5
6 .2
6 .1
6 .1
6.0
5 .6

0.6
0 .6
0 .6
0.6
0.5
0 .4
0 .4
0 .3
0 .3
0 .3

1 .4
1.4
1.3
1.2
1.1
1.0
0. 9
0.9
0.9
0.8

1.8
1.8
1.9
1.8
1.7
1.6
1.6
1.6
1.5
1. 4

1.2
1.1
l.l
1.0
0.9
0 .9
0.8
0.8
0 .7
0.7

2. 3
2.4
2 .5
2 .5
2.4
2 .4
2.4
2 .5
2 .5
2 .5

1980...

1 00 .0

j

94 .7

6 6. 9

11.2

6 .8

5 .4

4.4

1

5 .3

0 .2

0.7

1.3

0.6

2 .4

NOTE THAT PERCENTAGE DISTRIBUTIONS OF DATA IN CONSTANT PRICES ARE AFFECTED BY THE BASE YEAR USED ( I N T H IS TABLE , 1 9 6 7 ).
FOR EXAMPLE, I F SOME OTHER YEAR WERE USED AS THE BASE, THE D IS TR IB U TIO N IN1 THAT YEAR WOULD BE IDENTICAL TO THE ONE
SHOWN FOR THAT YEAR IN TABLE 5 2 1 .4 .
THIS WARNING APPLIES TO PERCENTAGE DI ST RIBUTIONS IN CONSTANT PRICES BUT NOT TO
THOSE IN CONSTANT DOLLARS, AS THESE TERMS ARE USED IN TH IS VOLUME.
(SEE THE NOTE ON PAGE 2 9 . )




46
TABLE 531.1
IM P L IC IT PRICE DEFLATORS FOR ASSETS OF THE FARMING SECTOR, JANUARY 1
INDEX, 1967=100

1 9 4 0 ....
1941 . . . .
1 9 4 2 ....
1 9 4 3 ....
1 9 4 4 ....
1 9 4 5 ....
1 9 4 6 ....
1 94 7 ....
1 9 4 8 ....
1 9 4 9 ....

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

1 9 5 0 ....
1 9 5 1 ....
1 9 5 2 ....
1 95 3 ....
1954-------1 9 5 5 ....
1 9 5 6 ....
1 9 5 7 ....
1 9 5 8 ....
1 9 5 9 ....

.1
.1
.1
.1
.1
.1
.1
.1
.1
.1

1960. . . .
1 9 6 1 ....
1 9 6 2 ....
1 96 3....
1 9 6 4 ....
1 9 6 5 ....
1 9 6 6 ....
1 9 6 7 ....
1 9 6 8 ....
1 9 6 9 ....

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

YEAR

1 9 7 0 ....
1 9 7 1 ....
1 9 7 2 ....
1973. . . .
1974____
1 9 7 5 ....
1 9 7 6 ....
1 9 7 7 ....
1 9 7 8 ....
1 9 7 9 ....
1980. . . .

MACHINERY
AND
MOTOR
VEHICLES

LIVESTOCK

STORED
CRGPS

HOUSEHOLD
EQUIPMENT
FINANC:
AND
FURNISHINGS__

TOTAL
ASSETS

HEAL
ESTATE

2 5. 7
26.1
2 9.5
33.8
3 8 .0
4 1. 7
45.3
5 0. 9
56.1
57.3

21.5
2 1 .9
2 3. 8
2 6 .3
30 .3
3 3. 7
3 8. 3
4 2 .5
45.3
4 6.5

3 3 .6
34.5
37.3
4 8 .4
5 7. 8
68.1
53.5
4 8 .6
5 4.7
6 0. 5

3 4. 4
35.1
4 4 .0
5 5.6
5 3.3
5 2 .4
5 8. 4
7 4. 6
8 7. 0
9 5.4

4 1 .5
4 1. 3
5 4 .8
6 2 .5
7 8 .8
8 2. 0
8 4. 0
9 4. 2
14 0.6
101.1

53.1
50.8
59.2
6 2. 6
6 4.7
7 2.4
75.1
89 .7
96 .9
100.6

3 6 .0
3 7 .0
4 2 .0
4 7. 0
5 2 .0
55.0
5 7 .0
6 6 .0
7 7. 0
7 5. 0

54.8
6 2. 0
6 7.3
6 5 .3
6 3 .0
63.8
6 4 .9
6 8. 6
71.5
76.8

4 5. 2
5 1.6
5 6.2
56.5
55.1
56 .6
5 9. 0
63.0
6 5 .9
7 0 .4

6 1. 8
6 3 .7
6 9. 0
7 0.0
7 0.3
70.1
7 2. 5
7 7. 5
7 8. 8
84.9

84 .2
107.1
116.2
8 5. 5
6 8. 2
64. 1
6 0.7
6 3. 0
8 3.3
102.7

9 2.1
101.2
117.2
114.1
104.2
106.5
9 2 .4
9 6.1
7 9 .4
84 ,3

9 4.0
102.9
106.5
103.9
103.8
101.2
99.3
100.0
100.8
9 9. 5

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

77 .7
78.2
81.1
8 3 .9
86.5
89.8
9 5. 3
100.0
103.6
107.9

7 3 .4
7 4. 0
7 7 .3
8 0. 3
8 4 .6
8 9. 2
9 5 .2
100.0
10 5.4
110.2

86. 5
8 6.0
8 8. 6
9 2.4
9 3. 6
9 5. 5
97.6
10 0.0
104.5
109.2

86.2
89.2
9 1. 7
9 3 .4
8 3.7
7 6. 7
9 3. 7
100.0
9 8 .7
104.7

79.5
7 7. 5
8 2.3
8 5 .4
8 8. 6
9 6 .9
8 8. 9
10 0.0
8 4.6
8 3.8

100.1
99.8
99.2
98.6
98.8
98.2
97 .8
100.0
102.1
106.7

88.0
8 8. 0
8 9 .0
9 1 .0
9 2 .0
9 3. 0
9 7. 0
100.0
101.0
104.0

11 1. 9
115.7
12 2.9
137.3
165.3
179.5
201.2
2 27 .7
2 45 .0
28 1 .5

11 3.0
116.1
12 3.8
137.2
166.9
18 6.4
211.2
245.2
26 6.6
3 04 .0

112.8
119.3
12 8.0
135.8
146.2
180.4
210.3
231.1
2 49 .4
27 2.0

120.1
117.3
133.0
163.0
193.8
110.7
137.6
139.5
160.3
266.8

8 5.7
9 6.1
9 0.8
119.6
184.0
24 3. 6
185.7
192.1
171.2
176.3

110.6
113.8
116.2
118.2
122.3
141.1
148.7
146.1
151.4
159.9

110.0
117.0
121.0
134.0
158.0
175.0
189.0
198.0
209.0
23 4.0

32 2. 5

353.1

29 3. 9

3 20 .0

19 0.6

170.5

2 60 .4

THE IM P L I C I T PRICE DEFLATOR FOR EACH ASSET IS A PRICE INDEX OBTAINED BY DIVIDIN G CURRENT-DOLLAR
AMOUNTS (TABLE 5 2 1 . 1 ) BY AMOUNTS IN 1967 PRICES (TABLE 5 2 2 . 1 ) , AND THEN MULTIPLYING THESE QUOTIENTS BY 100.
FOR FINANCIAL ASSETS, THE PRICE DEFLATOR USED BY THE USDA IS THE JANUARY INDEX OF PRICES PAID
BY FARMERS FOR COMMODITIES, SERVICES, IN TEREST, TAXES, AND WAGE RATES (P ARITY IN DE X).




TABLE 531.?

47

IM P L IC IT PRICE DEFLATORS FOR ASSETS OF THE FARMING SECTOR
PERCENTAGE CHANGE DURING YEAR

1 9 5 0 .... |
1 95 1.... |
1 95 2.... |
1 9 5 3 .... |
1954...........1
1955...........1
1956.......... ,|
1957...........1
1958...........1
1959.......... .]
i
1
1960.......... .1
19*1.......... ,\
1962.......... ,|
1963.......... .1
1964.......... ,J
1965.......... ,|
1966.......... 1
1967.......... I
1968.......... .1
1969.......... 1
1
1970.......... ,|
1971.......... 1
1972.......... 1
1973.......... .1
1974.......... ,|
1975...........1
1976.......... .1
1977.......... .1
1978.......... .1
1979.......... >i
i

MACHINERY
AND
MOTOR
VEHICLES

LIVESTOCK

STORED
CROPS

HOUSEHOLD
EdUIPMENT
FINANCIAL
AND
FURNISHINGS

TOTAL
ASSETS

REAL
ESTATE

1.8
13.0
14.5
12.6
9.7
8.5
12.4
10.3
2. 0
-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
2 9.9
19.5
17.8
-2 1 .4
-9 .2
12.5
10.6
2. 1

1.9
2 5.2
2 6. 4
-4 .2
-1 .6
11.5
27 .6
16.6
9 .7
-1 1 .7

-0 .4
3 2 .6
14.0
26.1
4.1
2 .5
12.1
4 9. 3
-2 8.1
-8 .9

-4 .3
16.5
5 .8
3 .4
11.8
3.8
19.5
8 .0
3 .9
-6 .6

2 .8
13.5
1 1-9
1 0.6
5.8
3.6
1 5. 8
16.7
-2 .6
-2 .7

13.1
8 .6
-3 .0
-3 .5
1.2
1.8
5. 7
4 .2
7 .4
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
-2 6 .4
-2 0 .2
-6 .1
-5 .3
7 .1
28.2
23.2
-1 6 .0

9.9
15.8
-2 .7
-8 .7
2 .2
-1 3 .2
4.0
-1 7 .4
6 .2
-5 .6

9.6
3 .4
-2 .4
-0 .1
-2 .5
-1 .9
0. 7
0. 8
-1 .3
0.6

9.6
5.0
-2 .4
-1 .2
-0 .0
-1 .2
3.8
2.4
2.4
1. 2

0 .6
3 .8
3 .4
3.1
3 .7
6.1
5 .0
3.6
4. 2
3 .7

0.9
4 .4
3 .8
5.4
5.5
6 .7
5. 1
5 .4
4.5
2.5

-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
-1 0 .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
1 2. 4
-1 5 .4
-0 .9
2.3

-0 .3
-Q .6
-0 .6
0 .2
-0 .6
-0 .4
2.3
2.1
4 .4
3 .7

o
0
1

1
I
|
1
1
1940.......... I
1941.......... 1
1 94 2.... I
1 94 3 .... ]
1 9 4 4 .... 1
1945-------- I
1 9 4 6 .... I
1 94 7.... I
1 94 8.... 1
1 94 9.... j

YEAR

3 .4
6 .2
11.7
2 0. 4
8. 6
12.1
13.2
7.6
14.9
14.6

2.7
6.7
10.8
2 1. 6
11 .7
13.3
16.1
8 .7
14 .0
1 6. 2

5 .8
7 .2
6.1
7 .6
2 3 .4
1 6 .6
9.9
8 .0
9.1
3 .0

-2 .3
13.4
2 2 .6
1 8.9
-4 2 .9
2 4. 3
1 ,3
1 5.0
6 6 .4
19.9

12.1
-5 .5
3 1 .7
5 3. 9
32.4
-2 3 .8
3 .5
-1 0 .9
3.0
8 .1

2 .9
2.1
1.7
3 .4
15 .4
5 .4
-1 .8
3 .7
5.6
6 .7

6 .4
3.4
1 0 .7
1 7.9
1 0.8
8 .0
4.8
5 .6
1 2. 0
11 .3

1. 1
2 .2
1 .1
1.1
4 .3
3 .1
1 .0
3.0
5 .8

FOR FINANCIAL ASSETS, THE PRICE DEFLATOR USED BY THE USDA IS THE JANUARY INDEX OF PRICES PAID
BY FARMERS FOR COMMODITIES, SERVICES, INTE RES T, TAXES, AND WAGE RATES (P AR IT Y IN D E X ).




TABLE 541.1

1
|

1

YEAR

|
1
1

CHANGES IN ASSETS. L I A B I L I T I E S , AND NET WORTH
CURRENT DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS

1
1
|
|
1

MONETARY ASSETS ANO L I A B I L I T I E S

PHYSICAL ASSETS

1
NET
WORTH

TOTAL

REAL
ESTATE

MACHINERY
AND
MOTOR LIVESTOCK
VEHICLES

HOUSEHOLD |
1
EQUIPMENT |
NET
|
STORED
AND
| MONET ARY|
CROPS
FURNISHINGSI ASSETS 1 TOTAL

FINANCIAL ASSETS
CURRENCY
AND BANK

U.S.
SAVINGS

| DEBT
1 INCLUDING
INVESTMENTS!
CCC
IN
| LOANS

Jl££fl£lIS__ _____ COOPERATIVES I
194 0...
194 1...
1 94 2...
194 3...
194 4...
1 94 5...
1 94 6...
1 9 4 7...
194 8...
1 94 9...

1296.
8166.
11263.
11382.
10314.
9582.
12500.
10655.
5125.
-1183.

1340.
7225.
8764.
8079.
7135.
6727.
11980.
11411.
7218.
105.

764.
3147.
4057.
65 96 .
5684.
7162.
7417.
5201.
2959.
977.

194.
734.
960.
491.
1035.
-1 0 8 6 .
-50.
2028.
2702.
2098.

192.
1748.
2570.
41.
-6 73.
706.
2199.
1341.
1169.
-1532.

297.
886.
1232.
1000.
602.
-409.
806.
1941.
-459 .
-971 .

-107.
710.
-5 5 .
-4 9 .
487.
354.
1608.
900.
847.
-4 6 7 .

1
i
1
1
1
1
1
1
1
1
1
1

-4 4 .
941.
2499.
3303.
3179.
2855.
520.
-7 56 .
-2093.
-1 28 8.

391 .
9 39 .
1931.
2274.
2652.
2416.
1028.
69.
39 .
-2 04 .

242.
712.
1249.
1134.
1330.
1484.
809.
-2 6 8 .
-3 49 .
-505.

104.
158.
6 01 .
1050.
1217.
773.
6 0.
163.
22 2.
123.

45.
6 9.
81.
90.
105.
159.
159.
174.
166.
178.

435.
-2 .
-5 6 8 .
-1 02 9.
-5 2 7 .
-4 39 .
508.
825.
2132.
1084.

1 95 0...
195 1...
195 2...
195 3...
195 4...
1 9 5 5 ...
1 95 6...
1 95 7...
1 9 5 8...
1 9 5 9...

19163.
14203.
-3 956.
-3875.
3510.
3717.
8559.
743 5.
13902.
658.

19567.
15230.
-2 677.
-3 26 3.
3819.
4411.
9102.
8100.
16322.
2805.

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

1965.
2543.
721.
1042.
158.
744.
901.
-9 5.
1690.
910.

4206.
2427.
-4746.
-3 0 3 6 .
-5 35 .
-582 .
369.
2866.
3798.
-2407.

316.
866.
258.
140.
475.
-1306.
-4 .
-7 18 .
1719.
-1 6 0 0 .

1157.
465.
-5 09 .
-1 2.
159.
♦268.
-3 27 .
-3 5 .
-1 8 5 .
-2 0 5 .

i
1
1
1
1
1
!
1
!
1
1

-* 04 .
192.
-1 02 7.
5 66 .
-1 279.
178.
-6 12.
222 .
-3 09 .
41 7.
-6 9 4 .
438.
-5 43 .
10.
-6 65 .
401.
-2 42 0.
818.
-2 14 7. -1 0 2 1 .

6.
339.
14.
-10.
0.
51.
-1 19 .
129.
480.
-7 9 9 .

-3 4.
21.
-7 5 .
100.
237.
199.
-1 05 .
53.
65 .
-5 18 .

220.
206.
239.
132.
180.
188.
234.
219.
273.
296.

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

1 96 0...
1 961...
1 96 2...
1 96 3...
1 96 4...
1 9 6 5 ...
1 9 6 6...
1 96 7...
1 96 8...
1 96 9...

-7 27 .
6188.
5413.
5086.
5638.
13145.
10078.
10342.
11764.
9536.

879.
8223.
78 04.
7928.
7485.
16448.
12964.
12940.
13934.
11351.

1305.
608 2.
5633.
8376.
8945.
11709.
9893.
10596.
9490.
6593.

-5 40 .
311.
938.
481.
891.
1179.
1438.
2365.
1463.
1028.

359.
821.
879.
-1 4 3 9 .
-1374.
3091.
1388.
-1 42.
1417.
3232.

261.
776.
517.
524.
-609 .
500.
298.
-3 8 5 .
992.
310.

-5 0 6 .
233.
-1 63 .
-1 4 .
-3 68.
-31.
-53.
506.
572.
188.

-1 60 6.
-2 03 5.
-2 39 1.
-2842.
-1 847.
-3 30 3.
-2 8 8 6 .
-2 598.
-2 1 7 0 .
-1 815.

-2 02 .
2 52 .
530.
158.
569.
551 .
48 5.
77 0.
88 9.
757 .

-4 4 6 .
92.
352.
59.
354.
417.
323.
581.
583.
408.

-3 8 .
-1 62 .
-3 9 .
-1 95 .
-2 3 .
-1 52 .
-132.
-1 3 5 .
-3 4 .
-1 3.

2 82 .
32 2.
2 17 .
294.
238.
28 6.
29 4.
32 4.
340 .
3 62 .

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

1 97 0...
1 9 7 1...
1 97 2...
1 9 7 3 ...
1 97 4...
1 97 5...
1 9 7 6 ...
1 9 7 7...
197 8...
1 97 9...

9594.
21201.
36810.
74942.
31257.
53740.
63645.
40634.
88988.
109458.

9854.
24210.
40 918.
81608.
37409.
6085 9.
74190.
55646.
104959.
127783.

7397.
16434.
27719.
60 417.
40705.
48484.
66907.
41974.
73717.
96463.

2073.
2240.
2670.
4941.
11519.
9263.
6851.
5802.
6671.
12671.

227.
3560.
6802.
8303.
-1 7 7 9 1 .
4902.
-4 30 .
2899.
19304.
12744.

-2 33 .
1148.
2644.
7562.
1232.
-1 9 6 9 .
693.
2878.
2544.
308C.

390.
828.
1083.
385.
1744.
179.
169.
2093.
2723.
2825.

-2 6 0 .
-3 009.
-4 10 8.
-6666.
-6 15 2.
-7119.
-10545.
-15012.
-15971.
-18325.

1197.
162 1.
2123.
2126.
1544.
1881.
12 55.
162 8.
2 22 8.
20 6 5.

543.
717.
873.
853.
183.
560.
350.
360.
405.
465.

-1 52 .
88.
315.
175.
165.
31.
-4 7 .
50.
37 0.
21 5.

8 06 .
8 16 .
9 35 .
1098.
1196.
1240.
952.
1218.
1453.
1385.

1457.
4630.
6231.
8792.
7696.
9000.
11800.
16640.
18199.
20390.

1
1

1
1
1
1
1

1
1
1
1

1
1
1
1

1
1
1
1
1

_L
T H IS TABLE PRESENTS DATA FROM TABLES 51 1 .2 AND 521.2 IN THE FORMAT USED IN THE NEXT THREE TABLES OF T H IS SECTION.
THE CHANGES SHOWN
MAY BE DISAGGREGATED INTO IM P L IC IT NET INVESTMENT AND INTER-SECTOR TRANSFERS (TAB LE 5 4 2 . 1 ) AND NOMINAL CAPITAL GAINS (TABLE 5 4 3 . 1 ) .




TABLE 542

49

IM P LI CI T NET INVESTMENT AND INTER-SECTOR TRANSFERS
CURRENT DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS
PHYSICAL ASSETS
YEAR

NET
EQUITY
IN V E S T MENT
,

|
|
|
|

TOTAL

REAL
ESTATE

MACHINERY
AND
MOTOR LIVESTOCK
VEHICLES

MONETARY ASSETS AND L I A B I L I T I E S
HOUSEHOLD
STORED EQUIPMENT
CROPS
AND
FURNISHINGS

1
I
1
NET
1
I MONETARY!
1 ASSETS | TOTAL
l
I

l

FINANCIAL ASSETS
CURRENCY
AND BANK
DEPOSITS

| DEBT
1INCLUDING
L'. S.
INVESTMENTS!
CCC
SAVINGS
IN
| LOANS
BONDS__ COOPERATIVES!

1 94 0...
194 1...
1 94 2...
1 94 3...
1 94 4...
1 945...
1946...
1947...
1948...
1949...

693.
1881.
3423.
3016.
3226.
2341.
1726.
-327 .
3515.
3828.

I
|
I
|
I
|
1
|
1
j

737.
940.
924.
-287.
47.
-514.
1206.
429.
5608.
5116.

152.
160.
176.
198.
226.
-1 27 .
640.
716.
888.
3173.

110.
455.
-2 06 .
-4 35 .
62.
341.
465.
1284.
1826.
1864.

93 .
363.
629.
451.
-5 22 .
-3 15 .
-430.
-595 .
-1 09 .
172.

308.
-7 1.
651.
-294 .
348.
-569.
46.
-1 2 9 5 .
2477.
-218.

74.
32.
-3 26.
-206.
-6 6 .
155.
485.
318.
525.
125.

1
1
I
1
I
1
I
1
i
1

-4 4.
941.
2499.
3303.
3179.
2855.
520.
-7 56 .
-2093.
-1288.

39 1.
939.
1931.
2274.
2652.
2416.
1028.
69 .
39 .
-2 04.

242.
712.
1249.
1134.
1330.
1484.
809.
-2 68 .
-349.
-505.

104.
158.
6 01 .
1050.
1217.
773.
60.
163.
222.
123.

45 .
6 9.
81.
90 .
105.
159.
159.
174.
166.
178.

435.
-2 .
-5 68 .
-1029.
- 5 27.
-439.
508.
825.
2132.
1084.

1 950...
1 95 1...
1 95 2...
1 9 5 3...
1954...
1 9 5 5...
1 9 5 6...
1 95 7...
195 8...
1 95 9...

2717.
1829.
96 2.
2301.
1702.
713.
-1 16 5.
208.
191.
-1931.

|
|
1
|
1
|
|
|
|
1

3121.
2856.
2241.
2913.
2011.
1407.
-6 22.
873.
2611.
216.

1012.
804.
1074.
1038.
943.
857.
888.
839.
814.
615.

1568.
1328.
465.
963.
207.
122.
-413.
- 4 4 8.
120.
504.

622.
941.
481 .
-5 1.
182 .
9.
-3 6 9 .
-2 16 .
525.
462.

-415.
-3 5 4 .
497.
965.
273.
-3 7.
-331.
812.
1214.
-1 1 0 5 .

334.
136.
-2 76 .
-1 .
406.
456.
-3 97 .
-113 .
-6 0 .
-260.

|
!
I
|
1
|
1
I
1
I

-4 0 4 .
192.
-1027.
566.
-1279.
178.
-612.
222.
-3 09.
41 7.
-694.
43 8.
-5 43 .
10.
40 1.
-6 65 .
-2420.
818.
-2147. -1 0 2 1 .

6.
339.
14.
-10.
0.
51.
-119.
129.
480.
-7 99 .

-34.
21.
-7 5.
100.
237 .
199.
-1 05 .
53.
65.
-5 18 .

220.
206.
239.
132.
180.
188.
234.
219.
273.
296.

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

1 96 0...
1961...
1962...
196 3...
1 96 4...
1 9 6 5...
1 96 6...
1 96 7...
1 96 8...
1 96 9...

-2082.
-1 54 1.
-1 64 2.
-1 80 2.
-3 00 2.
-1 04 3.
-2 20 0.
504.
-5 6.
-391.

1
|
|
|
1
|
|
|
|
|

-4 7 6 .
494 .
749.
1040.
-1 15 5.
2260.
686.
3102.
2114.
1424.

116.
-70.
121.
325.
291.
424.
785.
301.
456.
1276.

-409.
-3 66.
-2 3 .
190.
383.
632.
796.
1101.
138.
-6 .

-162 .
370.
576.
383.
-5 0.
-118.
206.
110.
256.
245.

459.
273.
183.
174.
-1463.
1317.
-860 .
1263.
1088.

64.

-4 81.
288.
-1 09.
-3 3.
-316.
6.
-241.
326.
176.
-1 34 .

1
|
I
1
1
|
I
1
1
1

-1606.
-2035.
-2391.
-2842.
-1 84 7.
-3303.
-2886.
-2 59 8.
-2170.
-1 81 5.

-2 02 .
252 .
530.
158.
569.
551.
485.
77C.
889.
75 7.

-446.
92.
352.
59.
354.
417.
323.
581.
583.
408.

-38.
-1 62.
-3 9.
-1 95.
-2 3 .
-1 52 .
-1 32.
-1 35.
-3 4 .
-1 3.

282.
3 22 .
217 .
294 .
238 .
286.
294.
324.
340.
362.

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

1 97 0...
1 971...
197 2...
197 3...
1 97 4...
1 97 5...
1 97 6...
1 9 7 7...
1 97 8...
197 9...

868.
1017.
-1 52 3.
-9 37 .
-7 53 4.
-5 140.
-1 0 8 1 0 .
-9 37 7.
-1 4 3 3 0 .
-8 35 9.

1
|
|
|
1
|
1
|
|
|

1128.
4026.
2585.
5729.
-1382.
1979.
-2 6 5 .
5635.
1641.
9966.

1522.
1500.
1674.
2360.
2365.
-6 2 8 .
-2 46 .
-2 38 .
14.
-3 4 5 .

187.
-2 4 1 .
415 .
1875.
1060.
12.
417.
84.
-3 5 5 .
5666.

780.
370.
580.
1713.
519.
-9 69 .
-8 15 .
-1352.
-1540.
2321.

-1 4 6 8 .
1786.
-9 74 .
-199 .
-5 1 8 9 .
4122.
-4 3.
5600.
1767.
826.

108.
61 0.
889.
-2 0 .
-1 37 .
-5 58 .
423.
1541.
1754.
1498.

I
|
I
|
I
I
I
I
1
I

-2 60 .
-3009.
-4108.
-6666.
-6 15 2.
-7119.
-1 0 5 4 5 .
-15012.
-15971.
-18325.

1197.
162 1.
2123.
2126.
1544.
1881.
1255.
1628.
2228.
2065.

543.
717.
873.
853.
183.
560.
350.
360.
405.
46 5.

-1 5 2 .
88.
315.
175.
165.
81.
-4 7 .
50.
370.
215.

806.
816.
935 .
1098.
1196.
1240.
952.
1218.
1453.
1385.

1457.
4630.
6231.
8792.
7696.
9000.
11800.
16640.
18199.
20390.

FOR PHYSICAL ASSETS* " I M P L I C I T NET INVESTMENT AND INTER--SECTOR TRANSFERS ( I N T O THE FARMING SECTOR)" IS ESTIMATED AS THE ANNUAL
CHANGE N REAL QUANTITIES EXPRESSED IN 1967 PRICES (TABLE 522.2 ) MULTIPLIED BY THE AVERAGE OF THE I M P L IC IT PRICE DEFLATORS FOR
FOR MONETARY ASSETS AND L I A B I L I T I E S , , "NET INVESTMENT
THE BEG NNING AND END OF THE YEAR (TABLE 53 1.1 * JANUARY 1, 1967 = 1 . 0 0 ) .
AND INTER-SECTOR TRANSFERS U N T O THE FARMING SECTOR)** IS THE ANNUAL CHANGE IN CURRENT DOLLARS (TAB LE 5 4 1 . 1 ) .




50

TABLE 543.1
IM P L IC IT NOMINAL CAPITAL GAINS
CURRENT DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS

YEAR

1

TOTAL
TOTAL

REAL
ESTATE

PHYSICAL ASSETS
|
MONETARY ASSETS AND L I A B I L I T I E S
__________________________________________________ I ________________________________________________________________________
MACHINERY
HOUSEHOLD |
|
FINANCIAL ASSETS
| DEBT
NET
|
STORED EQUIPMENT |
AND
1 INCLUDING
CURRENCY
MOTOR LIVESTOCK
CROPS
AND
l MONETARY!
u.s.
INVESTMENTS!
CCC
AND 8ANK SAVINGS
VEHICLES
FURNISHINGSI ASSETS j TOTAL
IN
i
LOANS
DEPOSITS
BONDS COOPERATIVES!
1

1 9* 0...
194 1...
1 94 2...
1 94 3...
1 94 4...
194 5...
1 94 6...
1 94 7...
1948...
1 94 9...

1
I
1
1
1
1
i
I
1
1

603.
6285.
7840.
8366.
7088.
7241.
10774.
10982.
1610.
-5011.

603.
6285.
7840.
8366.
7088.
7241.
10774.
10982.
1610.
-5011.

612 .
2987.
3881.
63 98 .
5458.
7289.
677 7.
4485.
2071.
-2 19 6.

84.
279.
1166.
926.
973.
-1427.
-515.
744.
876.
234.

99.
1385.
1941.
-4 10.
-1 5 1 .
1021.
2629.
1936.
1278.
-1704.

-1 1.
957.
581.
1294.
254.
160.
760.
3236.
-2936.
-753.

-1 81 .
678.
271.
157.
553.
199.
1123.
582.
322.
-592.

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.

1 95 0...
195 1...
1 9 5 2...
195 3...
1 9 5 4...
1 9 5 5...
1 95 6...
1 9 5 7...
195 8...
195 9...

1
I
1
I
1
1
!
1
1
1

16446.
12374.
-4918.
-6 1 7 6 .
1808.
3004.
9724.
7227.
13711.
2589.

16446.
12374.
-4918.
-6 1 7 6 .
1808.
3004.
9724.
7227.
13711.
2589.

10911.
8125.
525.
-2 43 5.
2619.
4430.
7275.
5249.
8486.
5492.

397.
1215.
256.
79.
-4 9 .
622.
1314.
353.
1570.
406.

3584.
1486.
-5227.
-2985.
-7 17 .
-5 91.
738.
3076.
3273.
-2869.

731.
1220.
-239.
-825 .
202.
-1269.
327.
-1530.
505.
-495.

823.
329.
-233.
-11.
-247 .
-1 88 .
70.
78.
-1 25 .
55.

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.

1 96 0...
1 96 1...
1 96 2...
1 9 6 3 ...
196 4...
1 96 5...
1 9 6 6...
1 96 7...
1 96 8...
1 96 9...

1
1
1
1
1
1
1
1
1
J

1355.
7729.
7055.
6888.
8640.
14188.
12278.
9838.
11820.
9927.

1355.
7729.
7055.
6888.
8640.
14188.
12278.
9838.
11320.
9927.

1189.
6152.
5512.
8051.
8654.
11285.
9108.
10295.
9034.
5317.

-1 31 .
677.
961.
291.
508.
547.
642.
1264.
1325.
1034.

521.
451.
303.
-1822.
-1 32 4.
3209.
1182.
-2 52 .
1161.
2987.

-1 98 .
503.
334.
350.
354.
-8 17 .
1158.
-1648.
-9 6 .
246.

-2 5.
-5 5.
-54.
19.
-5 2.
-37.
188.
180.
396.
342.

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.

1 97 0...
1 97 1...
1 97 2...
1 9 7 3 ...
1 97 4...
197 5...
1 97 6...
197 7...
197 8...
1 9 7 9...

1
8726.
1 20184.
1 38333.
I
75879.
1 38791.
1 58880.
1 74455.
1 50011.
1 103318.
I 117817.

8726.
20184.
38333.
75879.
38791.
58880.
74455.
50011.
103318.
117817.

5875.
14934.
26045.
58057.
38340.
49112.
67153.
42212.
73703.
96808.

1886.
2481.
2255.
3066.
10459.
9251.
6434.
5718.
7026.
7005.

-5 5 3 .
3190.
6222.
6590.
-18310.
5871.
385.
4251.
20844.
10423.

1235.
-6 38 .
3618.
7761.
6421.
-6091.
736.
-2722.
777.
2254.

282.
218.
i 94.
*05.
1881.
737.
-254.
552.
969.
1327.

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.

NOMINAL CAP ITA L GAIN IS THE ANNUAL CHANGE IN CURRENT DOLLARS (TABLE 5 4 1 . 1J LESS IM P L IC IT NET INVESTMENT AND INTER-SECTOR
TRANSFERS INTO THE FARMING SECTOR (TABLE 5 4 2 . 1 ) .




0.
9.
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.

TABLE 544.1

51

IM P LI CI T REAL CAPITAL GAINS
CURRENT DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS

YEAR

1
1
1
1
i
1
|
1

MONETARY ASSETS AND L I A B I L I T I E S

PHYSICAL ASSETS

TOTAL

REAL
ESTATE

TOTAL

MACHINERY
AND
MUTOR LIVESTOCK
VEHICLES

STORED
CROPS

HOUSEHOLD
EQUIPMENT
AND
FURNISHINGS

1
i
I
NET
j
|MONETARY!
1 ASSETS | TOTAL
1
1

FINANCIAL ASSETS
CURRENCY
AND BANK
DEPOSITS

1 DEBT
1INCLUDIN
U.S.
INVESTMENTS!
CCC
SAVINGS
IN
| LOANS
RONDS COOPFRATIVFS1

1940.
1941.
1942. ••1
1943.
1944.
1945.
1946.
1947. •- 1
1948.
1949.

87.
1353.
3702.
6477.
5358.
5318.
-6 48 2.
-3 4.
-5 3 .
-2443.

19.
711.
3322.
6408.
5381.
5412.
-5 20 7.
738.
42.
-2541.

208.
-8 45.
919.
5164.
4348.
6076.
-4 31 2.
-2531.
1034.
-6 00 .

47.
-8 4 .
851.
780.
848.
-1 5 7 3 .
-1494.
197.
772.
444 .

37.
792.
1383.
-6 96.
-374.
818.
864.
714.
1091.
-1404.

-4 3.
62 7.
278.
1144.
114.
9.
-3 80 .
2510.
-3063.
-574.

-2 31.
221.
-109.
16.
445.
82.
115.
-152.
208.
-407 .

1
6 9.
|
642.
I
380 .
|
69 .
1
-2 3.
|
-94.
1 -1 27 4.
I -7 72 .
S
-9 5 .
!
98.

-5 2 .
-5 2 4 .
-4 45 .
-225.
-2 2 7 .
-282.
-2 71 0.
-1634.
-2 2 6 .
335.

-3 9 .
-388 .
-331 .
-1 61.
-151.
-178.
-1 7 0 6 .
-1045.
-140.
200.

-3 .
-3 9 .
-4 0 .
-3 3 .
-5 0 .
-7 6 .
-7 54 .
-4 3 2 .
-6 2 .
96.

-1 0 .
-9 7 .
-7 4 .
-3 0 .
-2 6 .
-2 7 .
-2 50 .
-1 58.
-2 4 .
39 .

120.
1166.
826.
293.
204.
188.
1436.
862.
130.
-2 37.

1950.
1951.
1952.
1953.
1954. . . 1
1955.
1956. » • 1
1957.
1958.
1959.
1
1960.
1961.
1962.
1963. ••i
1964. . . i
1965.
1966.
1967.
1968. . . i
1969.
!
1970'.
1971.
1972.
1973.
1974.
L97 5.
1976. . . i
197?*
19 7 &£
159794

6 748.
6435.
-5898.
-7884.
2906.
2627.
4903.
1504.
11518.
248.

7018.
6561.
-5886.
-7877.
2905.
2626.
4874.
1452.
11490.
190.

4747.
4361.
-9 5.
-3563.
3352.
4175.
3928.
1198.
6924.
3831.

-570 .
621.
151.
-1 17 .
88.
576.
712.
-3 55 .
1312.
129.

2560.
767.
-5 3 5 0 .
-3151.
-630.
-619 .
407.
2691.
3096.
-3093.

128.
887.
-295.
-927.
270.
-1293.
67.
-1822.
408.
-614.

153.
-75.
-297.
-1 19 .
-1 76 .
-2 12 .
-241.
-259 .
-248.
-6 4.

I
j
i
!
I
1
I
1
1
1

-2 70 .
-1 2 6 .
-1 2 .
-8 .
1.
1.
29.
51 .
27.
58.

-1259.
-6 7 5 .
-1 05 .
-1 8 9 .
126.
-4 4.
-5 56 .
-6 26.
-2 35.
-2 42.

-7 21 .
-382.
-5 9.
-106.
70.
-24.
-295 .
-3 28 .
-1 22 .
-1 26 .

-3 75.
-1 97 .
-30.
-52.
35.
-1 2 .
-1 61.
-1 77.
-6 6 .
-6 6.

-1 63 .
-9 6 .
-1 6 .
-3 1.
2 1.
-8 .
-1 00 .
-1 21 .
-4 7 .
-5 0 .

989.
549.
92.
182.
-126.
44.
585.
678.
262.
300.

-1598.
648 8.
4508.
3656.
6466.
10207.
4893.
1899.
735.
-5681.

-1705.
6432.
4370.
3446.
6297.
9872.
4198.
1085.
-4 73 .
-7437.

-9 96 .
5222.
3582.
5578.
6942.
8064.
3097.
3774.
-1 68 .
-7 62 2.

-4 93 .
528.
660.
-95.
250.
70.
-2 31 .
317.
-48.
-9 01 .

278.
346.
8*.
-2 10 7.
-1496.
2931.
592.
-906.
293.
1735.

-322.
450.
217.
197.
748.
-994 .
832.
-1993.
-539.
-410 .

-1 72 .
-1 13 .
-1 74 .
-1 26.
-1 46 .
-1 98.
-9 2.
-1 07 .
-1 1 .
-2 39 .

|
|
I
1
1
j
!
j
1
!

107.
56.
138.
210.
168.
335.
695 .
814.
1208.
1755.

-2 8 8 .
-1 20 .
-2 4 2 .
-3 0 7 .
-203.
-3 73 .
-6 69.
-7 04 .
-976.
-1 36 5.

-1 46 .
-59.
-118.
-1 51 .
-100.
-1 84 .
-3 35 .
-3 56 .
-5 0 2 .
-7 10 .

-7 4.
-3 1 .
-6 0.
-73.
-4 6.
-8 1 .
-1 36.
-1 3 5 .
-1 / 4 .
-2 32 .

-6 8 .
-3 0 .
-6 5 .
-8 3 .
-5 8 .
-1 08 .
-1 97 .
-2 13 .
-2 99 .
-4 2 3 .

395.
176.
380.
517.
371.
708.
1364.
1518.
2184.
3121.

-4911.
11075.
2 7644.
44919.
-8685.
29296.
49206.
12467.
47818.
267? 1.

-6 48 3.
10053.
26421.
41388.
-1 3 8 7 8 .
25875.
46239.
7848.
40053.
13563.

-5362.
7444.
17292.
32936.
-1 36.
24092.
45644.
9367.
24548.
16850.

204.
1328.
917.
-6 25 .
5268.
5466.
3080.
840.
-234.
-4241.

-1775.
2394.
5226.
'
3389.
-2 3 2 8 5 .
4201.
-113 6.
2279.
17857.
3587.

666.
-997.
3186.
6400.
3834.
-7671.
-363.
-4 2 1 5 .
-1549.
-1403.

-2 17 .
-1 16 .
-200.
-7 11 .
441.
-215.
-9 86 .
-423.
-569.
-1 2 3 1 .

I
1572.
| 1022.
j
1222.
!
3531.
j
5193.
I
3422.
1 2967.
I
4620.
| 7765.
| 13208.

-1 189.
-8 06 .
-9 3 7.
-2 610.
-3 51 0.
-2135.
-1719.
-2347.
-3385.
-5 12 6.

-6 1 9 .
-417.
-4 80 .
-1318.
-1746.
-1 0 2 3 .
-806 .
-1084.
-1527.
-2232.

-1 95 .
-1 20 .
-1 34 .
-3 75 .
-4 89.
-2 9 4 .
-2 28.
-2 96 .
-4 13 .
-6 3 8 .

-3 75 .
-2 69 .
-3 22 .
-9 17.
-1 274.
-8 1 8 .
-6 86 .
-9 67 .
-1445.
-2 25 6.

2761.
1828.
2159.
6140.
8703.
5557.
4686.
6967.
11150.
18334.

i
REAL CAPITA L GAIN IS NOMINAL CAPITAL GAIN (T A8 LE 54 3 .1 ) PLUS THE GAIN OR LOSS ( I N YEAR-END DOLLARS) RESULTING FROM A CHANGE IN THE
PURCHASING POWER- OF THE TOTAL FUNDS INVESTED OR OWED.
THE LATTER GAIN OR LOSS IS THE JANUARY 1 CURRENT-OOLLAR AMOUNT OF EACH ASSET
QR L I A B I L I T Y (TABLES 511.1 AND 5 2 1 .1 ) MULTIPLIED BY THE ANNUAL ( JANUARY-TO-JANUARY) PERCENTAGE CHANGE IN THE BLS CONSUMER PRICE
MIDEX FOR ALL> ITEMS, ALL URBAN CONSUMERS (AND FOR ASSETS, ALSO MULTIPLIED BY - 1 ) .
IN AGRICULTURAL FINANCE LI TE R A T U R E , THE TERM
"REAL" HAS BEEN APPLIED TO CAPITAL GAINS ( S T I L L IN CURRENT DOLLARS) AFTER TH IS ADJUSTMENT (SEE THE NOTE ON PAGE 2 9 ) .




52

TABLE 545.1
IM P L IC IT CAPITAL GAINS COMPARED WITH FARM CASH FLOW AND NET INCOME
AMOUNTS IN MILLIONS OF DOLLARS
IN 1967 DOLLARS*

IN CURRENT DOLLARS
YEAR

CAPITAL GAINS

1
I

FARM
CASH
FLOW

NET
FARM
NOMINAL
INCOME

|

CAPITAL GAINS
REAL

i

jI
I|
1

FARM
NET
CASH
FARM
INCOME
FLOW 1 NOMINAL

CAPITAL GAINS AS A t CAPITAL GAINS AS A
PERCENTAGE OF FARM 1 PERCENTAGE OF NET
CASH FLOW
i
FARM INCOME
REAL

1

NOMINAL

1 94 0...
194 1...
194 2...
194 3...
1 9 4 4...
1 94 5...
1 94 6...
1 9 4 7...
1 9 4 8...
194 9...

603.
6285.
7840.
8366.
7088.
7241.
10774.
10982.
1610.
-5011.

87.
1353.
3702.
6477.
5358.
5318.
-648 2.
-34.
-5 3.
-2443.

5727.
8007.
12078.
14149.
14173.
14686.
17658.
18362.
21036.
16252.

4930.
7137.
10743.
12780.
12748.
13376.
16469.
16809.
19034.
13887.

I
I
|
1
|
1
|
1
I
I

1435.
14251.
16066.
16150.
13449.
13435.
18417.
16416.
2234.
-701 9.

208.
3 067.
7587.
12504.
10167.
9867.
-1 1 0 8 0 .
-5 1 .
-7 4.
-3422.

13636.
18156.
24750.
27315.
26894.
27247.
30185.
27447.
29176.
22762.

11738.
16184.
22014.
24672.
24190.
24816.
28152.
25126.
26399.
19450.

10.5
78.5
6 4. 9
59.1
5C.0
4 9.3
6 1.0
59.8
7 .7
-3 0 .8

1.5
16.9
3 0. 7
4 5 .8
37
36.2
-3 6 .7
-0 .2
-0 .3
-1 5 .0

1 2. 2
88.1
7 3 .0
65.5
*5 6
54*1
6 5.4
65.3
8.5
-3 6 .1

1 .6
1 9. 0
3 4 .5
5 0 .7
4p, f>
39. 8
-3 9 .4
-0 .2
-0 .3
-1 7 .6

1 95 0...
1 9 5 1...
1 9 5 2...
1 9 5 3...
1 9 5 4...
1 95 5...
1 95 6...
195 7...
1 95 8...
1 95 9...

16446.
12374.
-4918.
-6176.
1808.
3004.
9724.
7227.
13711.
2589.

6748.
6435.
-5 89 8.
-7884.
2906.
2627.
4903.
1504.
11518.
248.

17546.
20449.
19708.
17648.
17113.
16062.
16086.
16027.
18340.
16041.

14881.
17302.
16382.
14194.
13532.
12362.
12363.
12114.
14329.
11790.

I
i
I
j
|
1
|
I
1
I

22810.
15905.
-618 6.
-7710.
2246.
3746.
11945.
8573.
15832.
2966.

9359.
8271 .
-7419.
-984 3.
3610.
3275.
6023.
1784.
13300.
284.

24336.
26284.
24790.
22032.
21258.
2002 7.
19762.
19012.
21178.
183 75.

20639.
22239.
20606.
17720.
16810.
15414.
15188.
14370.
16546.
13505.

9 3. 7
60 .5
-2 5.0
-3 5 .0
10.6
18.7
6 0.4
45 .1
74.8
16.1

38.5
3 1.5
-2 9 .9
-4 4 .7
17.0
16.4
30.5
9 .4
6 2 .8
1 .5

110.5
7 1 .5
-3 0 .0
-4 3 .5
1 3. 4
2 4 .3
7 8 .7
59 .7
9 5 .7
2 2 .0

4 5. 3
3 7. 2
-3 6 .0
-5 5 .5
2 1 .5
2 1. 2
3 9 .7
1 2. 4
8 0. 4
2.1

1 96 0...
1 96 1...
196 2...
1 96 3...
1 9 6 4...
1 965...
1966...
196 7...
1 96 8...
196 9...

1355.
7729.
7055.
6888.
8640.
14188.
12278.
9838.
11820.
9927.

-1598.
6488.
4508.
3656.
6466.
10207.
489 3.
1899.
735.
-5681.

16979.
17691.
18061.
18089.
17050.
19896.
21367.
20002.
20521.
22928.

12642.
13303.
13531.
13393.
12147.
14785.
15983.
14221.
14321.
16354.

|
1
|
1
|
1
I
1
I
I

1528.
8626.
7787.
7511.
930 0.
15014.
12631.
9838.
11343.
9041.

-1 8 0 1 .
7241.
4975.
3987.
6960.
10801.
5034.
1899.
705.
-5174.

19142.
1974*.
19935.
19726.
18353.
21054.
21983.
20002.
19694.
20882.

14253.
14847.
14935.
14605.
13075.
15646.
16443.
14221.
13744.
14894.

8.0
4 3 .7
39.1
38.1
50 .7
7 1.3
57.5
4 9 .2
57.6
43 .3

-9 .4
36.7
2 5. 0
2 0 .2
3 7 .9
51 .3
2 2.9
9.5
3.6
-2 4 .8

1 0.7
58.1
52 .1
5 1 .4
7 1. 1
96.0
7 6 .8
6 9 .2
8 2 .5
60.7

-1 2 .6
4 8 .8
3 3. 3
2 7 .3
5 3 .2
6 9 .0
3 0 .6
1 3. 4
5.1
-3 4 .7

1 97 0...
1 97 1...
1 9 7 2...
1 97 3...
1 97 4...
1 9 7 5...
1 9 7 6...
197 7...
1 97 8...
1 97 9...

8726.
20184.
38333.
75879.
38791.
58860.
74455.
50011.
103318.
117817.

-4911.
11075.
27644.
44919.
-8 68 5.
29296.
49206.
12467.
47818.
26771.

23043.
24229.
30043.
*7973.
41793.
41661.
36 715.
38973.
49241.
54900.

16283.
16879.
22156.
39028.
31230.
29075.
22902.
23817.
32593.
36300.

1
i
I
I
i
1
|
1
1
|

7503.
16640.
30593.
57009.
26264.
36526.
43668.
27554.
52975.
54169.

-4223.
9130.
22062.
337*8.
-5880.
18174.
28860.
6 869.
24472.
12309.

19813.
19974.
23977.
36043.
28296.
25844.
21534.
21473.
25200.
25241.

14001.
13915.
17682.
29322.
21144.
18037.
13432.
13122.
16680.
16690.

37.9
83.3
127.6
158.2
9 2.8
141.3
202.8
128.3
209.8
21 4.6

-2 1 .3
4 5. 7
9 2 .0
9 3 .6
-2 0 .8
70.3
134.0
3 2. 0
97.1
4 8.8

53.6
1 19 .6
17 3.0
19 4.4
12 4.2
2 02 .5
32 5.1
2 1 0 .0
3 1 7 .0
3 24 .6

-3 0 .2
6 5 .6
124.8
115. 1
-2 7 .8
100.8
2 14 .9
5 2. 3
14 6 .7
7 3 .7

REAL

NOMINAL AND REAL CAPITAL GAINS ARE DEFINED IN FOOTNOTES TO PRECEDING TABLE-5 IN SECTION 540 (ALSO SEE THE NOTES ON PAGE 29) .
FARM CASH FLOW AND NET INCOME INCLUDE LANDLORDS' NET RENTAL INCOME AND ALSO UNREALIZED AND NONMONEY INCOME (TAB LES 941.1 AND 9 4 2 . 1 ) .
* THE PRICE DEFLATOR USED IS THE ANNUAL AVERAGE OF THE BLS CONSUMER PRICE LNDEX (FOR ALL ITEMS, ALL URBAN CONSUMERS).
SHOWN IN 1967 DOLLARS WHEN COMPARING ACCUMULATIVE CAPITAL GAINS, CASH FLOW, AND INCOME OVER MORE THAN ONE YEAR.




USE THE DATA

NOMINAL

NOVEMBER 1979

AGRICULTURAL FINANCE DATABOOK— ANNUAL SERIES

600

FARM REAL ESTATE MARKET DEVELOPMENTS, 48 STATES

610

VALUES
611.1

620

630

MARKET A C T I V I T Y AND PRICE EXPECTATIONS, 1959 -DAT E................................. . . 5 5
CREDIT CONDITIONS, 19 61 -D AT E........................................................................................56

TRANSFERS

631

ALL TRANSFERS,

631.1
632

NUMBER,

BY METHOD OF TRANSFER

19 50-DATE,

AND RATE,

19 2 6- D AT E................................................................57

TRANSFERS OF 10 OR MORE ACRES— NUMBER,
AND DEBT, 1966-DATE

63 2.1
63 2. 2
63 2.3

ACRES, VALUE,

AMOUNTS.......................................................................................................................................... 58
CHANGE FROM PREVIOUS YEAR............................................................................................... 58
PERCENTAGE CHANGE FROM PREVIOUS YEAR.....................................................................58

USE OF CREDIT
64 1.1
642.1
643.1

650

1 91 2-O AT E...................................................... 54

MARKET AND CREDIT DEVELOPMENTS
62 1.1
622.1

640

INDEX OF AVERAGE VALUE PER ACRE,

IN TRANSFERS

RELATIVE USE OF CR ED IT , 19 40-DAT E............................................................................ 59
CREDIT-FINANCED AND ALL TRANSFERS COMPARED, 19 66-DAT E............................ 59
PERCENTAGE DIS TRI BUT ION OF CR ED IT, BY LENDER, 196 4-DA TE ....................... 59

PERCENTAGE DIST RIBU TION OF TRANSFERS BY—
651.1
652.1
65 3.1
6 54.1
6 55 .1

METHOD OF OPERATION BEFORE SALE AND AFTER SALE, 19 5 4- D AT E .................. 60
METHOD OF OPERATION BEFORE SALE AND INTENDED USE AFTER SALE,
195 4-DA TE ................................................................................................................................ 60
TYPE OF BUYER, 19 40 -D AT E..................................................................................................61
TYPE OF SELLER, 1 9 4 9- D A T E...............................................................................................62
PROBABLE USE OF PROPERTY FIVE YEARS AFTER PURCHASE, 1 9 7 2 - D A T E . . . . 6 2

ECONOMICS , ES T A T I S T I C S ^ A N ^ C O O P E R A T I VES SERVICE,
U . S . DEPARTMENT OF AGRICULTURE.
EXCEPT AS NOTED (TABLES 6 11 .1 AND 6 3 1 . 1 ) , DATA ARE BASED ON A SURVEY OF FARM
REALTORS, LOCAL BANKERS, COUNTY O F F I C IA L S , AND OTHERS.




53

54

TABLE 611.1

MARCH 1

FARM REAL E S T A T E - I N D E X OF AVERAGE VALUE PEP. ACRE
(BASED ON DATA PROVIDED BY SRS CROP REPORTERS} *

1912..........
1913..........
1914..........
1915..........
1916 ..........
1917..........
1918..........
1919...........

2 2. 3
2 3. 0
2 3 .7
23 .6
2 5.2
27 .2
3 0. 0
32 .7

*****

1920..........
1921..........
1922..........
1923..........
1924..........
1925..........
1926..........
1927..........
1928...........
1929...........

3 9.8
3 6. 9
3 2.3
3 1. 3
30.1
2 9.4
2 8 .7
2 7.5
2 7. 0
2 6.8

2 1.7
-7 .3
-1 2 .5
-3 .1
-3 .8
-2 .3
-2 .4
-4 .2
-1 .8
-0 .7

1930...........
1931..........
1932..........
1933..........
1934...........
1935..........
1936..........
1937..........
1938..........
1939 ..........

26.3
2 3.7
19.8
16.2
17.0
17.6
18.4
19.0
19.2
18.9

-1 .9
-9 .9
-1 6 .5
-1 8 .2
4.9
3 .5
4 .5
3 .3

1940 ..........
1941 ..........

18.9
19.0

0 .0
0 .5

MARCH 1
AND
NOVEMBER 1

MARCH 1
| INDEX
|
| 1967=100 |
AND
NOVEMBER 1
J
.... .1

PERCENTAGE CHANGE
FROM PREVIOUS
YEAR

INDEX
1967=100

3.1
3 .0
-0 .4
6. 8
7 .9
10.3
9 .0

1.1

1 ANNUALIZED
| PERCENTAGE
ICHANGE FROM
1 PREVIOUS
DATE_________ YEAR____J_____ DATE____

PERCENTAGE CHANGE
FROM PREVIOUS

19 60-HI . .
-H II..

1
I

6 8. 4
68.6

1.3
0.3

4.0
1 .6

4 .0
0 .4

19 61 -HI . .
-H II..

1
1

6 9.4
71.3

1.2
2 .7

1 .5
3 .9

3.5
4 .1

19 62 -HI . .
-H II..

1
1

73.1
75.2

2 .5
2 .9

5 .3
5.5

7 .6
4.3

1963—HI . .
-H II..

I
I

76.7
79.7

2. 0
3 .9

4.9
6 .0

6.0
5 .9

19 64-HI . .
-H II..

I
1

81 .9
84.6

2. 8
3 .3

6.8
6 .1

8 .3
4.9

19 65 -HI . .
-H II..

1
I

86.2
90.1

1.9
4 .5

5 .3
6.5

5 .7
6 .8

1966-H1 . .
-H II..

1
1

93.3
9 8.0

3 .6
5 .0

8 .2
8 .8

10.7
7 .6

1967—HI . .
-H II..

1
|

100.0
104.5

2. 0
4. 5

7 .2
6 .6

6. 1
6.7

19 68 -HI . .
-H II..

1
1

106.9
111.2

2 .3
4.0

6.9
6 .4

6.9
6.0

19 69 -HI . .
-H II..

1
1

112.8
116.2

1.4
3.0

5.5
4.5

4 .3
4 .5

19 70 -HI . .
-H II..

1
1

117.4
119.8

1.0
2. 0

4. 1
3 .1

3 .1
3. 1

19 71 -HI . .
-H II..

1
1

122.5
127.2

2 .3
3.8

4 .3
6 .2

6 .8
5.8

19 72-HI . .
-H II..

1
I

132.5
140.9

4 .2
6.3

8 .2
10.8

1 2. 5
9.5

19 73 -HI . .
-H II..

I
I

149.7
169.8

6. 2
13.4

1 3. 0
2 0 .5

1 8.7
2 0.1

19 74-HI . .
-H II..

1
I

186.8
20 4 .0

10.0
9 .2

2 4 .8
2 0.1

3 0. 0
1 3.8

197 5-HI . .
-H II..

1
1

21 2.7
228.1

4 .3
7 .2

1 3. 9
1 1.8

1 2. 8
1 0. 9

19 76-HI . .
-H II..

1
1

241.9
26 6.8

6 .0
10.3

13.7
17.0

2 4 .2
1 3. 7

19 77-HI . .
-H I I . .

1
1

282.6
295.6

5 .9
4.6

16.8
10.8

2 3 .7
6 .1

19 78 -HI . .
-H II..

1
1

307.6
331.5

4. 1
7 .8

8 .8
12.1

1 6.2
1 0. 4

... 1

35 1.0

5.9

14.1

23 .5

-1 .6

INDEX
1
1967=100 |

PERCENTAGE CHANGE
FROM PREVIOUS

___QAIE-

| ANNUALIZED
I PERCENTAGE
ICHANGE FROM
I
PREVIOUS

IEAB___ J _____ QAIE____

19 42 -HI . . .
- H I I •••

2 0.6
21 .0

*****
1.9

8 .4
*****

*****

1 9 4 3- H I . . .
-H I I . . .

2 2 .6
2 3. 7

7 .6
4.9

9 .7
12.9

2 2. 9
7 .3

1 9 4 4 -HI . . .
-H I I . . .

2 5. 8
2 7.0

8.9
4 .7

14.2
1 3.9

2 6 .6
7 .0

19 4 5- H I . . .
-H II...

2 8. 6
30.1

5 .9
5 .2

10.9
11.5

1 7.8
7 .9

1946—HI . . .
-H II...

32.3
3 4. 4

7.3
6 .5

12.9
14.3

2 1 .9
9.8

1947—HI . . .
-H II...

36.2
37 .4

5 .2
3.3

12. 1
8. 7

15.7
5 .0

19 48 -HI . . .
-H II...

39.1
4 0.8

4.5
4.3

8 .0
9.1

1 3. 6
6.5

1949—HI . . .
-H II...

4 0. 7
39.5

-0 .2
-2 .9

4. 1
-3 .2

-0 .7
-4 .4

19 50 -HI . . .
-H II...

3 9 .9
4 3 .4

1.0
8 .8

-2 .0
9 .9

3 .0
13.2

1 95 1-H I . . .
-H II...

46.1
49.1

6.2
6 .5

15.5
13.1

18.7
9.8

19 52 -HI . . .
-H II...

50.7
51.2

3 .3
1.0

1 0 .0
4 .3

9.8
1 .5

19 53 -HI . . .
-H II...

51.5
50.7

0.6
-1 .6

1 .6
-1 .0

1. 8
-2 .3

1 9 5 4 -HI . . .
-H II...

50 .8
52.1

0.2
2 .6

-1 .4
2 .8

0 .6
3.8

19 5 5- H I . . .
-H II...

52 .9
54.2

1.5
2. 5

4.1
4.0

4.6
3 .7

1 9 5 6 -HI . . .
-H II...

54 .9
57.1

1.3
4.0

3.8
5 .4

3 .9
6 .0

1 95 7-H I . . .
-H II...

5 8. 4
60 .2

2.3
3.1

6 .4
5 .4

6.8
4.6

19 58 -HI . . .
-H II...

6 1.3
6 4.0

1.8
4.4

5 .0
6.3

5 .5
6 .6

19 59 -HI . . .
-H II...

6 5.8
67 .5

2.8
2. 6

7.3
5 .5

8 .4
3 .9

2.9

1979-HI

!

THE "ANNUALIZED PERCENTAGE CHANGE FROM PREVIOUS DATE" F A C I L I T A T E S COMPARISON OF THE RATE OF PRICE CHANGE OVER TIME BY ADJUSTING
FOR THE VARIATION IN THE LENGTH OF THE PERIOD BETWEEN REPORTING DATES.
THE ANNUALIZED CHANGE IS THEREFORE OBTAINED BY
MULTIPLYING THE CHANGE IN THE 8-MONTH MARCH-NOVEMBER PERIOD BY 1.50 AND THE CHANGE IN THE 4-MONTH NOVEMBER-MARCH PERIOD BY 3 . 0 0 .
* STARTING IN 1976, THE FI R S T SURVEY OF EACH YEAR IS MADE ON FEBRUARY 1,
CHANGE ARE 1.33 AND 4 . 0 0 , RES PECTIVELY.




AND THUS THE FACTORS FOR COMPUTING THE ANNUALIZED

TABLE 621.1

55

MARKET A C T IV I T Y AND PRICE EXPECTATIONS
CHANGE IN MARKET A C T I V I T Y FROM A YEAR EARLIER
1
PERCENTAGE OF RESPONDENTS REPORTING
1
|_
|
FARMS OFFERED FOR SALE
INQUIRIES FOR FARMLAND
|_
CHANGED
CHANGED
1
LITTLE
DECREASED
INCREASED
LITTLE
DECREASED
i INCREASED
1
1
****
*♦**
****
1959—HI . . . |
37.
51.
12.
-H II...|
14.
54.
32 .
26.
43.
31.

MARCH 1
AND
OCTOBER 1

1960-HI
-H II...I

PRICE CHANGE EXPECTED
IN THE FOLLOWING YEAR
PERCENT OF RESPONDENTS EXPECTING
INCREASE
OF 5*
_ QR__MQRE __

LITTLE
CHANGE

DECREASE
OF 5*
OR MORE

****
19.

*♦**
75.

****
6.

****
18.

****
54.

****
28.

21.
13.

50.
31.

29.
56.

13.
9.

74 .
73.

13.
18.

1961-HI . • * |
- H I I •••|
1
1962-HI . . . |
-H11 . . . I

18.
15.

65.
54.

17.
31 .

17.
29.

51.
40.

32.
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.

1963-HI . . . |
- H I I . . .{

18.
12.

63.
54.

19.
34.

32 .
33.

53.
43.

15.
24.

20.
22.

74 .
74.

6.
4.

1964-HI . . . |
-H II...J

****
15.

*♦**
62 .

****
23.

****
26.

****
54.

****
20.

♦***
23.

****
72.

****
5.

19 65-HI . . . |
- H I I . . .1

19.
11.

63.
53.

19.
32.

35.
34.

51.
48.

14.
16.

30.
51.

66.
47.

4.
2.

19 66-HI . . . |
- H I I . . .1
1
1
1967-HI . . . |
-H I I . . . |
i
1
1968—HI . . . |
-H II...|

12.
10.

50.
50.

35 .
36.

44 .
29.

43.
48.

11.
20.

57.
46.

4 0.
4 6.

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.
4 1.

50.
51.

6.
8.

1969-HI . . . j
-H I I . . . |

18.
20.

56.
54.

26.
26.

28.
23.

47.
40.

25.
37.

38.
30.

52.
51.

10.
20.

19.
17.

53.
53.

28 .
30 .

19.
21.

41 .
40.

40.
39.

25.
27.

59.
61 .

16.
12.

19 71-HI . . . |
-H I I ... 1

19.
18.

56.
58.

25.
24.

25.
36.

46 .
45.

29.
19.

30.
36.

6 0.
58.

10.
6.

19 72-HI . . . !
-H II...|

20.
15.

58.
58.

22 .
27.

46.
54.

45.
41.

9.
5.

48 .
6 4.

49.
35.

3.
1.

1973—HI . . . |
- H I I . . .1
i
1
19 74 -HI . . . |
-H I I . . . |
I
1
19 75-HI . . . |
—HI I . . . |
1
1
1976-H1 . . . |
- H I I . . .1

16.
12.

54.
50.

30.
38 .

62 .
62 .

34.
34.

4.
4.

71.
7 0.

28.
28 .

1.
2.

13.
13.

49.
53.

3 8.
35 .

60.
31.

34.
43 .

6.
26.

70.
42 .

28.
4 6.

2.
12.

18.
16.

52.
54.

30 .
30.

18.
2 6.

40.
47.

42.
27.

23.
4 5.

54.
49 .

23.
7.

16.
17.

58.
58.

27.
25.

35.
32.

49 .
50.

16.
18.

47.
50 .

48 .
43 .

5.
7.

19 77-HI . . . |
-H II...|

20.
20.

57.
57.

23 .
2 3.

35.
24.

49 .
46 .

16.
30.

59 .
39.

35.
44.

6.
17.

17.
14.

57.
60 .

2 7.
26.

22.
30.

52.
55.

27.
15.

4 7.
59.

45 .
37.

8.
3.

15.

61.

24.

34.

55.

11.

66 .

32.

2.

1970-HI . . . 1
-H II...|

j

i

1

1978—HI . . . |
- H I I . . .1
1
1
19 79 -HI . . . |

__L
FROM OCTOBER 1965 THROUGH OCTOBER 1967, THE PERCENTAGES SHOWN UNDER BOTH "FARMS OFFERED FOR SALE" AND "I NQ U IR IE S
FOR FARMLAND" DO NOT TOTAL 100 PER CENT, WITH THE DIFFERENCE BEING RESPONSES OF "D O N 'T KNOW."







56

TABLE 622.1
CREDIT CONDITIONS
MARCH 1
AND
OCTOBER 1

j
|
|

CHANGE IN CREDIT CONDITIONS FROM SIX MONTHS EARLIER
PERCENTAGE OF RESPONDENTS REPORTING
CREDIT A V A I L A B IL I T Y

INTEREST RATES

HIGHER

SAME

LOWER

196 1-HI . . . |
-H I I . . . |

****
19.

****
73.

1962-HI . . . |
-H I I . . • |

****
27.

1963—HI . . . |
- H I I . . .|

HIGHER

SAME

****
8.

****
****

****
****

****
♦***

♦***
68.

****
5.

****
♦***

****
****

****
**♦*

****
28.

*♦**
6 9.

****
3.

****
****

****
****

****
****

1964—HI . . . |
-H I I . . . |

♦***
28.

****
67 .

*♦**
5.

***♦
****

****
****

****
***♦

1965—HI . . . |
— HI I •••|

25.
30.

70.
62 .

5.
4.

****
****

+***
****

**♦*
****

1966-HI . . . |
-H I I . . . |

20.
4.

56.
24.

20 .
69.

****
****

****
****

****
****

19 67-HI . . . |
—HI I . . . |

22.
14.

42.
56.

33.
25.

****
****

****
****

****
****

19 68-HI . . . |
—H I I . . . |

8.
16.

47 .
58.

4 5.
26.

87.
71.

12.
27.

1.
2.

1969—HI . . . |
-H I I . . . |

7.
3.

49.
28.

4 4.
6 9.

92.

7.

1.
****

19 70 -HI . . . |
-H II... |

3.
9.

30.
51.

6 7.
40 .

88 .
*•**

11.
♦***

1.
**•*

19 71 -HI . . . |
-H II..

46.
34.

42 .
56 .

12.
10.

12.
17.

31.
62.

57.
21.

19 72 -HI . . . |
-H II...|

48.
43.

48 .
54.

4.
3.

7.
14.

55.
81.

38.
5.

19 73 -HI . . . |
-H I I . . . |

39.
16.

56.
47 .

5.
37.

28.
87.

70.
12.

2.
1.

1 9 7 4 -HI . . . »
-H I I . . . |

28.
4.

58.
28 .

14.
6 8.

39.
87.

56.
12.

5.
1.

19 75 -HI . . . |
-H II...J

17.
16.

48.
6 1.

35.
2 3.

27.
45 .

53.
52.

20.
3.

19 76 -HI . . . |
- H I I . . .|

29.
24.

61.
65 .

10.
11.

14.
15.

69 .
75.

17.
10.

19 77-HI . . . »
-H I I . . . j

30.
17.

62 .
6 9.

8.
15.

9.
19.

71.
74.

21.
8.

1978—HI . . . |
-H II...|

15.
11.

6 9.
55 .

16.
34.

38.
85.

60.
14.

2.
1.

1979—HI

11.

49 .

4 0.

91 .

9.

...|

_ ..LOWER.

0.

FROM OCTOBER 1965 THROUGH OCTOBER 1967, THE PERCENTAGES SHOWN DO NOT TOTAL
100 PER CENT, WITH THE DIFFERENCE BEING RESPONSES OF "DO N 'T KNOW."

TABLE 631.1
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
( B A S E D ON D A T A P R O V I D E D B Y S R S C R O P

NUMBER OF TRANSFERS (THOUSANDS)

J
YEAR
1
ENDING
1
MARCH 1* 1
1
1
1
1926. . . . . |
1 9 2 7 .... j
1 9 2 8 .... |
1 92 9.... j

• *****
*****
*****

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

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

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

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

|
|
j
|
j
j
j
j
j
j

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

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

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

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

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

1 94 0.... |
1941 . . . . j
1 94 2.... j
19 43 ......... j
1944.......... |
1 9 4 5 .... j
1 9 4 6 ..... j
1947.......... , |
1 9 4 8 ....., j
1949.......... |
I
1 9 5 0 .....J
1951 . . . . ..1
1952...........1
1 9 5 3 . . . . . .1
1 9 5 4 . . . . . .1
1955...........1
1 9 5 6 . . . . . .1
1957...........1
1 9 5 8 . . . . . .1
1959..........,|
1
1
I9 6 0 ...... 1
1961...........1
1962...........1
1963...........1
1964........... I
1965...........1
1966...........1
1967...........1
1968...........1
1969...........1
1
1970...........1
1971...........1
1972..........,|
1973...........1
1974.......... .1
1975...........1
1976...........1
1977.........., I
1978...........1
1979..........,|

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

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

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

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

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

28 0.9
282.5
26 4.8
240.2
215.6
201.2
205.6
189.1
181.2
174.5

199.7
206.1
190.1
168.7
143.0
137.7
133.9
123.9
117.3
112.1

4 2 .0
3 8 .7
3 5.6
34. 0
3 3.5
2 9. 5
3 8.6
3 4. 8
34.3
3 5 .0

7 .5
7 .8
8.1
11.3
13.4
8.4
9 .7
6 .5
5. 9

31.8
29.8
3 1. 0
26.1
2 5.8
2 5.6
2 3. 4
2 2. 4
23.1
2 1.5

169.1
15 4.6
154.7
146.0
148.1
139.7
139.7
131.7
127.6
125.6

109.8
9 7. 3
95.8
92 .9
95 .5
89.7
93.7
91.2
87.5
85.6

3 2. 3
32.3
34 .6
31 .2
29. 5
29.3
2 7. 4
2 1.6
2 0. 4
2 0. 4

5 .8
5. 1
5.4
4.0
4.9
4 .5
2 .8
2 .4
3 .0
2.7

21.2
19.9
18.9
17.9
18.2
16.3
15 .9
16.6
16.7
1 6. 9

111.2
110.9
124.0
138.5
139.7
110.3
96.2
9 6.1
91.8
85.6

75.6
74.6
87 .5
101.8
9 9 .0
7 4. 9
64 .2
6 2 .6
59.2
5 6.0

17 .8
1 7.4
17.9
20. 1
19.8
16 .5
14 .4
14.5
1 3.9
14.1

2 .9
3 .5
3 .4
3. 3
2.1
3 .1
3 .4
3. 1
4.4
2.4

14.7
15.4
15.2
13.3
18.8
15.8
14.2
15.9
14.3
13. 1

1 9 3 0 ....
1 93 1....
1932-------1 9 3 3 ....
1 93 4....
1 93 5 ....
1 9 3 6 ....
1 9 3 7 ....
1 93 8....
1 9 3 9 ....

TOTAL

METHOD OF TRANSFER
1
1
1 VOLUNTARY
ESTATE
FORECLOSURE
1
SETTLEMENT

*****

*****

OTHER

8 .0

J ____
*

STAR TING

IN




1976,

DA TA

ARE

FOR

THE

YEAR

ENDING

FE BR UAR Y

1

OF T R A N S F E R
REPORTERS)

1 TRANSFERS AS PERCENTAGE OF THE TOTAL NUMBER OF FARMS
1
METHOD OF TRANSFER
1
1
I
TOTAL
1
I VOLUNTARY
ESTATE
FORECLOSURE
OTHER
1
SETTLEMENT
|
1
1
****
****
1.74
1 .44
2.96
1
0.70
1.82
1.50
6 .85
2.83
1
6 .6 0
2.63
0.67
1.76
1. 54
1
0 .5 4
1.48
1.43
5 .80
2.35
1
1
1
6. 15
0.61
1.57
1.60
2.37
1
1.87
6 .19
1.90
0.57
1.85
1
7.67
2 .8 4
2 .59
0.62
1.62
1
3.88
3. 10
9.36
1.68
0 .7 0
1
2.61
7.86
1.78
0.67
2 .8 0
1
6.91
2.10
2. 16
1.94
0.71
1
2 .0 4
7.29
0 .7 4
2.03
2 .48
1
1.81
1.60
7.40
3.15
0.
84
1
6 .5 4
0 .8 2
1.43
1.24
3.05
1
1.35
1.26
6
.38
2
.97
0.80
1
1
1.26
1.20
6 .30
0.82
3. 02
1
1.05
1.10
6 .3 7
3.41
0.81
1
0.80
0.62
1 .02
6 .61
4. 17
1
0 .4 4
0 .8 7
0.81
6 .7 0
4. 58
1
0 .7 9
0.31
7.61
5. 59
0.92
1
0.90
0 .1 9
0 .7 3
6 .97
5. 15
1
0 .15
0 .6 9
7.50
5.74
0.92
1
0.99
0.11
0.71
5.77
7 .58
1
6.
59
0
.10
0
.6 7
4 .90
0.92
1
0.65
0 .8 4
5 .6 9
4. 08
0. 12
1
1
0 .1 4
0 .59
5.22
3.71
0.78
1
0 .7 4
0 .1 5
0 .5 7
5.40
3 .9 4
1
0 .1 6
0.61
5.21
3 .7 4
0.70
1
0 .5 3
4 .87
0 .69
0.23
3.42
1
0 .5 4
4.51
0 .2 8
2 .9 9
0 .70
1
0. 20
0 .5 6
4 .6 5
0 .69
3. 19
1
0 .5 4
0 .2 3
4 .9 7
0.94
3.23
1
0.
20
0 .5 4
4
.7
8
3.13
0.88
1
0 .59
0 .17
4 .8 0
0.91
3. 12
1
0 .1 6
0 .5 8
4 .8 0
0.95
3. 13
1
1
0
.1
6
0 .5 9
4
.71
3.07
0.90
1
0 .5 7
4 .4 4
2.81
0 .1 5
0.93
1
4
.5
9
0
.1
6
0 .56
1.02
2.85
1
2.85
0.96
0. 12
0 .5 5
4 .4 8
i
4
.6
9
0.91
0
.16
0 .5 8
3.03
1
4 .6 4
3.03
0.94
0 .1 4
0 .5 3
1
0
.5 4
4
.6
3
3.11
0.90
0
.0
9
1
4 .4 5
3.09
0.73
0 .08
0 .5 5
1
0
.5 7
4
.42
3
.0
4
0
.70
0.11
1
4 .48
3. 06
0 .10
0 .6 0
0.72
1
1
1
4. 14
2.78
0.65
0 .16
0 .5 5
1
2.87
4 .28
0.66
0 .1 4
0 .6 3
1
4 .7 9
3.40
0 .5 7
0.68
0 .1 4
1
5 .5 9
4. 10
0 .5 4
0.81
0.13
1
5.83
0 .0 9
0 .7 9
4.12
0.83
1
4 .7 8
3.23
0.72
0 .13
0 .7 0
1
4 .27
2.81
0.15
0 .68
0 .63
1
4.30
2.80
0.65
0 .1 4
0.71
1
4 .1 7
2.69
0 .6 5
0 .2 0
0 .6 3
1
3.96
0 .11
0 .61
2. 59
0.65
1
1.

58
SECTION 632

YEAR
ENOING
MARCH 1

1 9 6 6 ....
1 9 6 7 ....
1 9 6 8 ....
1 9 6 9 ....
1 9 7 0 ....
1 9 7 1 ....
1 9 7 2 ....
1 9 7 3 ....
1 9 7 4 ....
1975-------1 9 7 6 ....
1 9 7 7 ....
1 9 7 8 ....
1 9 7 9 ....

1 9 6 7 ....
1 9 6 8 ....
1 9 6 9 ....
1 9 7 0 .. . .
1 9 7 1 .. . .
1 9 7 2 ....
1 9 7 3 ....
1 9 7 4 ....
1 9 7 5 ....
1976-------1 9 7 7 ....
1 9 7 8 ....
1 9 7 9 .. . .

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

1
1
I NUMBER
1
OF
ITRANSFERS
1 (T H OU 1 SANDS)
1
1
1
1
.1
113.6
.1
110.7
.1
10 4.8
. I
100.0
•|
89 .0
.1
8 9.7
. I 10 2.9
.1
118.6
.1
115.5
. 1
8 8.9
.1
7 6. 0
j
7 4.5
. I
70 .8
.1
6 8. 2
1 _
1
1
1
1
I
-2 .9
I
-5 .9
I
-4 .8
i
1
1 -1 1 .0
|
0.7
1
13.2
|
15 .7
1
-3 .1
I -2 6 .6
1 -1 2 .9
1
-1 .5
1
-3 .7
I
-2 .6
1
1
1
1
1
.1
-2 .6
. 1
-5 .3
. 1
-4 .6
|
.1
-1 1 .0
. |
0 .8
.1
14.7
.1
15.3
. i
-2 .6
. ! -2 3 .0
.1
-1 4 .5
.1
-2 .0
.1
-5 .0
.1
-3 .7
_J_____

FARM REAL ESTATE TRANSFERS
CRED IT-FINAN CED TRANSFERS

ALL TRANSFERS
I
ACRES SOLD
1
VALUE
I
1
PER
1 MILLIONS
|
TOTAL
PER
OF
ACRE
I(THOUSANDS)
TRANSFER 1
|
(DOLLARS)
1 DOLLARS

NUMBER
OF
TRANSFERS
(TH OU SANDS 1
63 2.1

VALUE
1
ACRES SOLD
|
j
1
1
TOTAL
PER
1 MILLIONS
PER
I(THOUSANDS)
TRANSFER 1
OF
ACRE
1
1 DOLLARS__ (DOLLARS)

1
DEBT
I( M IL L IO N S
1
OF
1 DOLLARS)
1

AMOUNTS

26498.
25786.
24067.
22139.

233.
233.
230.
221 .

5324.
5770.
5486.
5360.

201.
224.
228.
242.

78.8
79.8
6 7 .7
70.2

******
19242.
15854.
17521.

****
241 .
234.
250.

4014.
439 8.
3651.
4219.

****
229.
230.
24 1.

2894.
3211.
2703.
3152.

22014.
19645.
26578.
34547.
39042.
24653.
21022.
20643.
22473.
22806.

247.
219.
258.
291.
338.
277.
277.
277.
317.
334.

5368.
5113.
7070.
10077.
13177.
10637.
10956.
13420.
12944.
14100.

244.
260.
266.
2 92.
338.
431.
521.
650.
576.
618.

61.1
74.3
83 .1
100.2
9 5. 8
76.2
6 4 .0
6 4. 6
5 9.6
58.9

16000.
16679.
22121.
28475.
36073.
22159.
18198.
17951.
19681.
22083.

262.
224.
266.
284.
377.
291.
284.
278.
330.
375.

3708.
4401.
5838.
8517.
11423.
9166.
9029.
11316.
10660.
12359.

2 32 .
2 64 .
264.
299 .
317 .
4 14 .
496 .
6 30 .
542.
560.

2682.
3232.
4329.
6630.
8616.
6978.
6826.
8641.
8150.
9681.

1
632.2

CHANGE FROM PREVIOUS YEAR

-7 1 2 .
-1719.
-1 92 8.

-0 .
-3 .
-3 .

446 .
-2 84 .
-1 26 .

23.
4.
14.

1.0
-1 2.1
2 .5

*******
-3388.
1667.

*****

-7 .
15.

3 84 .
-7 47 .
568.

*****
2.
11.

317.
-5 08 .
4 49 .

-1 25 .
-2369.
6933.
7969.
4495.
-14389.
-3631.
-3 79 .
1830.
333.

26.
-2 8 .
39.
33.
47.
-61.
-1 .
0.
40.
17.

8.
-2 55.
1957.
3007.
3100.
-2 54 0.
319.
2464.
-4 7 6 .
1156.

2.
16.
6.
26.
46 .
94.
90.
129.
-74.
42.

-9 .1
13.2
8 .8
17.1
-4 .4
-1 9.6
-1 2 .2
0 .6
-5 .0
-0 .7

-1521.
679.
5442.
6354.
7598.
-13914.
-3961.
-2 47 .
1730.
2402.

12.
-37.
42.
18.
92.
-8 6 .
-6 .
-6 .
52.
45.

-5 11 .
69 3.
1437.
2679.
2906.
-2 25 7.
-1 3 7 .
2287.
-6 56 .
1699.

-9 .
32.
0.
35.
18.
9 7.
83.
134.
-8 9 .
18.

-4 70 .
550.
1097.
2301.
1986.
-1638.
-1 5 2 .
1815.
-4 9 1 .
1531.

63 2.3

PERCENTAGE CHANGE FROM PREVIOUS YEAR

-2 .7
-6 .7
-8 .0

-0 .1
-1 .4
-3 .6

8 .4
-4 .9
-2 .3

1 1. 4
1.9
6 .2

1.3
-1 5.2
3 .7

*****

*****

-1 7 .6
10.5

-2 .9
6 .6

9.6
-1 7 .0
15 .6

*****
0.8
4.6

11 .0
-1 5 .8
16.6

-0 .6
-1 0.8
35 .3
3 0. 0
13.0
-3 6 .9
-1 4 .7
-1 .8
8 .9
1 .5

11 .7
-1 1 .5
17.9
12.8
1 6. 0
-1 8 .0
-0 .3
0 .2
14.6
5.4

0. 1
-4 .8
38 .3
42.5
30 .8
-1 9.3
3.0
22.5
-3 . 5
8 .9

0 .7
6 .7
2. 2
9 .7
15.7
2 7.8
2 0.8
2 4.7
-1 1 .4
7.3

-1 3.0
21.6
11.8
2 0.6
-4 .4
-2 0 .5
-1 6 .0
0 .9
-7 .7
-1 .2

-8 . 7
4 .2
3 2 .6
28. 7
2 6 .7
-3 8 .6
-1 7 .9
-1 .4
9.6
1 2.2

4 .9
-1 4.3
18.6
6 .8
32 .5
-2 2 .8
-2 .2
-2 .3
18.8
13.5

-1 2.1
18.7
3 2 .7
4 5 .9
3 4. 1
-1 9 .8
-1 .5
2 5. 3
-5 .8
15.9

-3 .8
13 .9
0 .0
13.3
5. 9
3 0. 6
19.9
27. 1
-1 4.1
3 .3

-1 4 .9
2 0. 5
3 3 .9
53.2
3 0 .0
-1 9 .0
-2 .2
2 6. 6
-5 .7
18.8

DATA INCLUDE ONLY VOLUNTARY AND ESTATE SALES OF 10 OR MORE ACRES AND ARE ESTIMATES OBTAINED BY WEIGHTING DATA REPORTED BY FARM
REALTORS AND OTHERS BY REGIONAL TRANSFER RATES AND ACREAGES DERIVED FROM REPORTS OF SRS CROP REPORTERS.
TABLE 64 2.1 SHOWS DATA
ON THE CREDIT -FINA NC ED TRANSFERS AS PERCENTAGES OF DATA ON ALL TRANSFERS.




TABLES 641.1 AND 642.1
641.1

YEAR
ENDING
MARCH 1

1 9 4 0 ....
1 9 4 1 ....
1 94 2....
1 9 4 3 ....
1 9 4 4 ....
1 94 5....
1946. . . .
1 94 7....
1948. . . .
1 94 9....

59

USE UF CREDIT
I PERCENTAGE
1
OF
I TRANSFERS
1 ON WHICH
I
DEBT WAS
1 INCURRED
L
1
.|
***
.1
52.
.1
55.
.1
48.
.|
44.
.1
44.
.1
43 .
.j
47.
.I
52.
.1
56.

1950____
1951-------1 95 2 ....
1 9 5 3 ....
1 9 5 4 ....
1955____
1956____
1 95 7....
1 9 5 8 ....
1959--------

.|
. |
.1
. |
. 1
.1
.1
. (
.1
. 1
1
I 9 6 0 . . . . .1
1 96 1.... . i
1 9 6 2 . . . . .1
1 9 6 3 .... . |
1 9 6 4 .... . i
1965____ .1
1966. . . . . I
1 96 7.... . |
1 96 8 .... . I
1 9 6 9 .... . |
I
1 9 7 0 . . . . .1
1971. . . . . |
1 9 7 2 .... .!
1 9 7 3 .... .]
1974-------- .1
1 9 7 5 .... . !
1 9 7 6 . . . . .1
1 9 7 7 . . . . .1
1978 . . . . .1
1 9 7 9 . . . . .1
__1______

IN TRANSFERS
DEBT AS
PERCENTAGE
OF
PURCHASE
PRICE
66.
68.
6 4.
6 0.
58.
57.
56.
56.
57.
56.

58.
54.
56.
60.
62.
64 .
67.
68.
67.
6 7.

57.
54.
55.
56.
59.
59.
61 .
63 .
64.
64.

67.
67 .
71.
73.
73.
73.
77.
80.
79.
80.

65 .
66 .
6 8.
70.
71.
72.
72.
73.
74.
74.

78.
84.
82.
86.
86.
88.
87.
88.
89.
90.

73.
73.
74.
78.
75.
76.
76.
77.
76.
79.

642.1

CREDIT -FINANCED TRANSFERS COMPARED WITH ALL TRANSFERS

II
CR EDIT-FINANCED SALES AS PERCENTAGE OF ALL SALES
11
|
VALUE
ACRES SOLD
II
(
11
NUMBER
|
1
II
OF
1
AVERAGE |
PER
II TRANSFERSI
TOTAL
PER
|
TOTAL
ACRE
II
1
TRANSFER 1
11
j|
****
*****
****
****
*****
|j
****
*****
****
*****
****
||
****
****
*****
****
*****
|j
****
*****
*****
****
****
|j
****
****
*****
*****
****
||
****
****
*****
****
*****
||
****
****
*****
****
*****
j|
****
*****
*****
****
****
|j
****
****
*****
****
*****
||
***♦
*****
****
****
*****
1|
|j
jj
jj
jj
Ij
jj
jj
j|
|j
i i1
1
||
jj
||
|j
jj
jj
II
II
II
(1
i i(
1
II
II
II
1|
II
II
II
II
II
II
11

DEBT AS PERCENTAGE
OF VALUE OF—
ALL
TRANSFERS

C R E D IT FINANCED
TRANSFERS

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

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

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

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

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

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

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

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

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

****
****
****
****
****
****
69.4
7 2.1
6 4 .6
7 0 .2

****
****
****
****
****
****
****
7 4.6
6 5 .9
79. 1

*****
*****
*****
*****
*****
*****
*****
103.5
102.0
112.7

****
****
****
****
****
****
7 5.4
76.2
6 6. 6
78 .7

*****
*****
*****
*****
*****
*****
*****
102.1
101 .0
9 9 .5

****
****
****
****
****
****
5 4. 4
5 5.6
49 .3
58 .8

****
****
**♦*
****
****
****
72 .1
7 3. 0
7 4 .0
7 4. 7

68.7
8 2 .8
8 0 .8
84 ..5
8 2 .9
8 5 .7
8 4. 2
8 6 .7
8 4.2
8 6 .4

72 .7
84 .9
8 3. 2
8 2 .4
9 2 .4
8 9.9
8 6 .6
8 7 .0
8 7. 6
9 6. 8

105.9
102.5
103.1
9 7.6
111.4
104.9
102.8
100.3
104.0
112.1

69.1
86.1
8 2. 6
8 4.5
86.7
8 6.2
8 2 .4
8 4. 3
8 2. 4
87.7

95 .0
101 .4
9 9 .2
102.5
93 .8
9 5 .9
9 5 .2
9 7 .0
9 4 .0
9 0. 5

50 .0
63.2
6 1 .2
65 .8
6 5 .4
6 5.6
6 2 .3
6 4 .4
6 3.0
6 8.7

7 2. 3
7 3 .4
7 4. 2
7 7.8
7 5 .4
7 6.1
7 5.6
7 6 .4
7 6 .5
7 8 .3

DATA IN TABLE 641.1 ARE UNWEIGHTED ESTIMATES BASED ON REPORTS FROM FARM REALTORS AND OTHERS, WHEREAS THEi RATIOS SHOWN
IN TABLE 64 2.1 ARE COMPUTED FROM DATA IN TABLE 63 2.1 , WHICH WERE OBTAINED BY WEIGHTING THESE REPORTS AS DESCRIBED IN
THE FOOTNOTE TO TABLE 6 3 2 . 1 .

TABLE 643.1
PERCENTAGE DI ST RIBUTION OF CREDIT EXTENDED FOR FARM REAL ESTATE PURCHASES
YEAR
ENDING
MARCH 1

1
1
1
1
1964.......... .1
1965........... |
1966..........,|
1967..........,1
1968..........,|
1969...........1
1
1970..........
1971........... I
1 9 7 2 . . . . , .1
1973...........1
1 9 7 4 . . . . . .1
1975...........1
1976...........1
1 9 7 7 . . . . . .1
1978. . . . ..1
1 9 7 9 . . . . , .1

total

1
1
1

SELLERS OF FARMS

|COMMERCIAL1 INSURANCE I FEDERAL
I BANKS
|COMPANIES |
LAND
I
1 BANK S
MORTGAGE 1

I
OTHER
I LENDERS
1

TOTAL

CONTRACT

100.
100.
100.
100.
100.
100.

47.
44.
38.
49.
54.
49.

****
****
****
****
****
42 .

****
****
****
****
****
7.

9.
9.
10.
11.
11.
10.

20.
20.
26.
15.
17.
19.

7.
8.
10.
11.
9.
13.

17.
19.
16.
14.
9.
9.

100*
100.
100.
100.
100.
100.
100.
100.
100.
100.

61 .
51.
46.
42.
44.
43.
44.
39.
38.
36.

53.
44 .
****
32.
32.
30.
33.
29.
29 .
26.

8.
7.

****
10.
12.
13.
11.
10.
10.
10.

9.
12.
11.
11.
10.
7.
10.
10.
9.
6.

8.
8.
11.
11.
11.
7.
9.
13.
15.
10.

12.
21.
24.
30.
25.
33.
30.
28.
26.
31 .

10.
8.
8.
6.
10.
11.
8.
11.
12.
18.

J_______
DATA ARE BASED ON UNWEIGHTED REPORTS BY REAL ESTATE BROKERS AND OTHERS IN THE USDA SURVEY.
PRIOR TO
1968, PURCHASES FINANCED BY TWO OR MORE LENDERS ARE INCLUDED WITH "OTHER LENDERS."
FOR 1968-1972,
ALL CREDIT EXTENDED IN CONNECTION WITH SUCH PURCHASES IS TABULATED ACCORDING TO THE SOURCE OF THE
PRIMARY CR ED IT.
BEGINNING IN 1973, THE DATA INDICATE THE DIST RIB UT ION OF FUNDS ACTUALLY EXTENDED BY
EACH LENDER GROUP.




60

TABLE

6 5 1 .1
PERCENTAGE

YEAR
ENDING
MARCH 1

I
1
1
I
1
1
.1
.1
,1
.1
1
1
1

D IS TR IB U TIO N

OF

FARM

REAL

TOTAL

COMPLETE
FARM

PART OF
ANOTHER
FARM

ESTATE

TRANSFERS

METHOD OF OPE RA TI ON A F T E R

METHOD OF OPE R AT IO N BEFORE SALE
PART-TIM E
FARM

TOTAL

COMPLETE
FARM

SALE

PA RT-TIM E
PART OF
FARM
ANOTHER
FARM____

100.
100.
100.
100.
100.
100.

73.
71.
70.
69.
66.
65.

22.
24.
24.
26.
28.
29.

5.
5.
6.
5.
6.
6.

100.
100.
100.
100.
100.
100.

65.
62.
60.
55.
53.
49.

29.
32.
33.
38.
39.
42.

6.
6.
7.
7.
8.
9.

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

100.
100.
100.
100.
100.
100.
100.
100.
100.
100.

65.
64.
62.
62.
60.
58.
57.
55.
50.
52.

30.
31.
32.
31.
34.
35.
35.
36.
38.
38.

5.
5.
6.
7.
6.
7.
8.
9.
12.
10.

100.
100.
100.
100.
100.
100.
100.
100.
100.
100.

48.
46.
46.
43.
42.
38.
35.
3 5.
29.
27.

44.
46.
46.
48.
50.
53.
54.
53.
57.
60.

8.
8.
8.
9.
8.
9.
11.
13.
14.
13.

1 9 7 0 ........... >|
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 9 7 7 ........... ,1
1 9 7 8 ........... .1
1 9 7 9 ........... ,1

100.
100.
1 00 .
100.
100.
100.
100.
100.
100.
100.

49.
46.
50.
52.
53.
45.
49.
43.
45.
42.

40.
44.
41.
39.
37.
45.
42.
47.
45.
48.

11.
10.
9.
9.
10.
10.
9.
10.
10.
10.

100.
100.
100.
100.
100.
100.
100.
100.
100.
100.

25.
26.
30.
31.
34.
28.
29.
25.
29.
26.

61.
59.
56.
57.
54.
59.
59.
63.
58.
63.

14.
15.
14.
12.
12.
13.
12.
12.
12.
11.

1 9 5 4 ....
1 9 5 5 ....
1 9 5 6 ....
1 9 5 7 ....
1 9 5 8 ....
1 9 5 9 ....

J___

TA BL E 6 5 2 . 1
PERCENTAGE

D I S T R I B U T I O N OF FARM REAL

1
1
1
1
COMPLETE FARM
1
i
YEAR
1
1
ENDING
1
TOTAL
| INTENDED OPERATION AFTER SALE—
MARCH 1 I
i
PART OF
PART-TIME
1
1 COMPLETE
FARM
ANOTHER
FARM
1
1
__ FARM___
1
1
1
1
58.
13.
1954........... 1
100.
|
2.
1955........... I
14.
100.
|
55.
2.
1956........... 1
3.
100.
t
52.
15.
****
**♦*
**♦*
1957.......... 1
j
1958.......... I
100.
I
4 5.
18.
3.
1959.......... 1
19.
100.
I
43.
3.
1
j
1960........... 1
2 0.
42.
100.
I
3.
1961........... 1
40.
100.
1
21 .
3.
1962.......... 1
100.
|
3 9.
20.
3.
1963.......... 1
100.
|
37 .
22.
3.
1964........... 1
100.
I
35.
22.
3.
1965........... |
100.
J
32 .
2 3.
3.
1966.......... 1
100.
I
2 9.
2 4.
4.
1967........... 1
100.
I
30 .
21 .
4.
1968 .......... 1
100.
|
23.
2 3.
4.
1969........... 1
100.
|
22.
26 .
4.
j
1
1970.......... 1
25 .
100.
I
19.
5.
1971........... 1
100.
I
21 .
21.
4.
1972........... 1
100.
|
25.
21.
4.
1973 .......... 1
100.
I
26 .
2 3.
3.
1974........... 1
100.
|
28 .
22.
3.
1975........... 1
100.
I
21 .
21 .
3.
1976.......... 1
100.
1
24.
23 .
2.
1977........... 1
100.
I
19.
2 1.
3.
1978........... 1
100.
|
2 4.
2.
19.
1979........... i
100.
|
20.
2.
21.
1 _____________L




ESTATE

TRANSFERS

METHOD OF OPERATION BEFORE SALE—
PART OF ANOTHER FARM

PA RT-TIME FARM

I INTENDED OPERATION AFTER SALE— 1 INTENDED OPERATION AFTER S A L E 1
1
PART OF PA RT -TI ME | COMPLETE
| COMPLETE
PART OF PA RT-TIME
FARM
ANOTHER
FARM
|
|
FARM
ANOTHER
FARM
FARM
1
1
__ FARM______
1
1
6.
15.
1.
1.
1
3.
1.
1
17.
1.
6.
1
1.
3.
1.
1
i
6.
17.
2.
1.
3.
1.
1
|
****
***♦
**♦*
****
♦***
j
♦***
6.
21.
1.
1.
4.
1
1.
1
1
5.
22.
2.
1
1.
1.
4.
I1
1
1
1#
5.
23.
2.
1
3.
1.
1
5.
24.
1
1.
1.
2.
1
3.
1.
6.
24.
1
2.
I
2.
3.
5.
24.
1.
1
2.
1
2.
4.
6.
26.
1
2.
1
1.
2.
3.
4.
1
5.
28.
2.
1
1.
2.
27.
1
5.
4.
3.
1
1.
3.
4.
1
28.
4.
j
I.
3.
5.
4.
30.
4.
|
6.
|
2.
4.
4.
30.
|
4.
I
1.
4.
5.
l
<
1
1
4.
32.
5.
1
4.
|
2.
4.
4.
34.
j
6.
|
5.
4.
1.
4.
32.
J
5.
5.
|
3.
1.
1
4.
31.
5.
3.
4.
|
1.
1
4.
29.
5.
4.
4.
|
1.
35.
4.
5.
1
5.
5•
|
1.
4.
34.
1
3.
4.
|
1.
5.
5.
38.
4.
1
4.
|
5.
1.
36.
4.
5.
1
4.
|
1.
5.
39.
4.
5.
1
4.
|
1.
4.
_
L
1.

61

PERCENTAGE DISTRIBUTION OF FARM REAL ESTATE TRANSFERS
TYPE OF BUYER
YEAR

END II

ACTIVE FARMER

ACTIVE FARMER
NONFARMER 1

MARCI

TENANT

TENANT

OWNERO P F R A T flR

NUMBER OF TRANSFERS

I
1 NONFARMER
OWNER1
OPERATOR 1

______

ACRES TRANSFERRED

35.
36.
33.
33.
33.
29.
29.
30.
32.
31.

33.
31.
30.
32.
33.
34.
35.
34.
36.
37.

32 .
33.
37.
36 .
34.
3 7.
36.
36 .
32.
33.

4444
44*4
4**4

44*4
*4*4
*44*

****
*44*
4**4

44*4
4*44
4**4
4**4
4*44
*4*4
444*

*444

44*4

44*4
*444
****
****
*444
4**4
*4*4

1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

29.
24.
25.
24.
24.
24.
22.
20.
20.
19.

37.
38 .
38.
38.
38.
39.
38.
40.
40.
41.

34.
38.
37.
38 .
38 .
37 .
40.
40 .
40.
40.

4444
44*4
4444
4444
4444

4444
*44*
4*44

4*44

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

16.
17.
17.
15.
16.
16.
13.
13.
11.
12.

47.
4 8.
48.
51.
48.
51.
54.
51.
48.
48 .

37.
35.
35.
34 .
36.
33.
34.
3 6.
41.
40 .

NONFARMER

|1
IL

1970
1971
1972
1973
1974
1975,
1976
1977,
1978,
1979,

13.
11.

47.
51.

40 .
38 .

****

4444

4*44
*4*4

44*4
4444

4**4
4*44
****

44*4
444*
4444

44*4
*4*4
4*44
4444
44*4
4*44
4*4*
*4*4

4*44
4**4
4*44
4*44

4*44
44*4

4444
4*4*
*444

444*
*44*
*444

*4*4
4**4
4*44

*444
4444
4*44

*4*4
*4*4
4**4

*4*4
*444
4*44

*444
4444
444*
*4*4
4*44
4444

4444
4444
4*44
4444

4*44
*444
*444
4*44

4*4*
4**4
4444
4*44

444*
44*4
*44*
*444

4444
4444
4444
4*44

*4*4
4444
*44*
4*44

4444
*444

*444
4*44
*444

4444
*4*4
444*
44*4
444*

4444
4*44

4444
4444
*4*4

4444
4444
4444

444*

4**4
4444

*4*4
*44*
44*4
*4*4
4444
4444
*4*4
4444
4444

i

|

_ ..........-1|

OWNEROPERATOR

VALUE TRANSFERRED

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949

****
444*
4*44
4**4
4*44

44*4
*444
444*
4*44
*44*
4444

4444

4444
4*44
4**4
44*4

****
*444

4444
4444
44*4

4*4*
*44*

4**4
4444

4444
4*44

4444
444*

4444
4*4*

4444
444*
44*4

4**4

4444
4444
444*

4444
444*
4*44

4**4

4444
*44*
44*4
444*

4**4

4444

4444
4*44

*44*
4444

*44*

4444

*44*

4444

4444

11.

58.

31.

12.

58.

30.

4*44
*444
4*44

*444
4444
4444

444*
*4*4
*4*4

*4*4
4**4
*4*4

4444
44*4
4*44

4**4
4444
44*4

12.

51.

3 7.

7.

53.

40.

7.

48.

45 .

4444

4*44

*44*

4*44

*4*4

*4*4

4*44

4444

44*4

11.

53.

37.

8.

57.

35.

8.

58.

34.

44*4

444*

*444

*444

4444

4444

*444

4444

444*

15.

5 1.

34 .

11.

55.

34.

12.

59.

30.

INCLUDES RETIRED FARMERS.




ACTIVE FARMER
TENANT

ADDITIONAL DETAIL IS SHOWN

62
TABLE 654.1

PERCENTAGE DISTRIBUTION OF FARM REAL ESTATE TRANSFERS
1
|
1
1
1

YEAR
ENDING
MARCH 1

TYPE OF SELLER
TOTAL

ACTIVE
FARMER

ESTATE

RETIRED
FARMER

|
1
I

OTHER
TOTAL

LOCAL

ABSENTEE

OTHER

J___________ MQNEAfiflEB____

1 9 4 9 . . . ..1

100.

53.

17.

16.

14.

****

****

14.

1 95 0...
1 95 1...
1952...
1953...
1954...
1 95 5...
1956...
1957...
1 95 8...
1 9 5 9 . . . ..1

100.
100.
100.
100.
100.
100.
100.
100.
100.
100.

53.
54.
55.
54.
52.
54.
52.
51.
47.
38.

16.
16.
15.
14.
15.
16.
17.
18.
20.
20.

15.
14.
14.
16.
16.
15.
16.
15.
17.
16.

17.
17.
16.
16.
17.
15.
15.
16.
16.
26.

****

17.
17.
16.
16.
17.
15.
15.
16.
16.

100.
100.
100.
100.
100.
100.
100.
100.
100.
100.

50.
49.
49.
48.
48 .
48.
36.
38.
36.
39.

13.
14.
14.
15.
14.
15.
19.
16.
15.
16.

11.
12.
12.
12.
13.
12.
18.
17.
16.
16.

26.
25.
25.
26.
26.
25 .
27.
30.
33.
29.

. . 1
. . 1

****

****
♦ ***

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

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

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

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

12.

14.

****

13.

13.

***♦

****

**♦ *

25.

12.
13.
13.
12.
13.
14.
14.
14.

13.
13.
13.
13.
14.
16.
19.
15.

****
****

1

I

1 96 0...
1961...
1962...
1963...
1964...
1965..., . . l
1966...
1967...
1 96 8...
1 96 9...
. . . 1

. . . 1

. . . 1

. . . 1

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

1

1 97 0...
1 97 1...
1 97 2...
1 9 7 3 . . . ..1
1 97 4...
1 97 5...
1976...
1 97 7...
1978......1
1979. . . . . . 1
, . . 1

. . . 1

. . . 1

_ 1

100.
100.

38.
38.

16.
15.

18.
19.

28.
28.

14.
.1 3.

14.
15.

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

*♦ **
♦ ***
****

♦ ***
****
****

****
*♦ **

**♦ *
****
****

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

****
***♦

****

***♦
*♦ **
♦ ***
*♦ **
****

100.

37.

15.

18.

30.

12.

13.

5.

****

****

****

****

»***

****

****

****

100.

36.

15.

19.

31.

13.

13.

5.

♦ ***

****

****

****

****

****

****

39.

14.

18.

28.

11.

12.

5.

100.
___

THE D E F IN IT IO N OF " A CT IV E FARMER" WAS CHANGED IN 1966.
I T APPEARS THAT COMPARABILITY OF THESE SERIES
OVER TIME IS ALSO AFFECTED BY VARIATIONS IN THE USE AND D E F IN IT IO N OF THE "OTHER" CATEGORY.
ALSO SHOWS PERCENTAGE DIST RIB UT IONS OF ACRES AND VALUE SOLD.

TABLE 655.1
PERCENTAGE D IS TRI BUT ION OF FARM REAL ESTATE TRANSFERS
|
YEAR
ENDING
MARCH 1

i
1
|

1972
1973
1974
1975
1976
1977
1978
1979

........ |
........ |
........1
........ |
........ |
........ |
........|
........|

PROBABLE USE OF PROPERTY FIV E YEARS AFTER PURCHASE
FARMING
ONLY

RESIDENTIAL

OTHER

|

NUMBER OF TRANSFERS
81.
83.
83.
85.
85.
80.
81.
84.

14.
12.
12.
10.
11.
13.
14.
11.

|
1

5.
5.
5.
5.
4.
7.
5.
5.

I
|
I
I
|
|
1
j

FARMING
ONLY

RESIDENTIAL

FARMING
ONLY

OTHER

ACRES TRANSFERRED
9 0.
9 3.
91 .
93.
93 .
9 1.
90.
93.

8.
4.
6.
3.
3.
4.

7.
3.

RESIDENTIAL

OTHER

VALUE TRANSFERRED
2.

3.
3.
4.
4.
5.
3.
4.

I
|
|
|
|
|
|
|

85.
88.
87.
91.
92.
90 .
39.
9 1.

12.
8.
9.
6.
5.
6.
8.
6.

3.
4.
4.
3.
3.
4.
3.
3.

_________ I_________________________________ I_________________________________ L_____________________________
"R ES ID EN TI A L" IS THE SUM OF "RURAL RESIDENCE" AND "S U B D IV IS IO N " USES LISTED IN
DEVELOPMENTS. WHICH ALSO SHOWS FURTHER DETAIL FOR THE "OTHER" CATEGORY AS WELL AS DATA ON AVERAGE
ACREAGE AND PER-ACRE VALUE BY THE VARIOUS PROBABLE FUTURE USES.




NOVEMBER 1979

AGRICULTURAL FINANCE DATABOOK— ANNUAL SERIES

700

F l OW O F

710

FARM

711

FUNDS

CAPITAL

CAPITAL

711.1
711.2

712

NET CAPITAL

724

FOR
SEE

ITS

FINANCING

OF

THE

FL OW OF

FUNDS

ACCOUNTS,

1946-DATE

FL OWS

AND U S E S

OF

F U N D S ................ .. ............................................................................................... 6 6

AND

OF

F U N D S ...................................................................* ............................................. 6 7

FOR

USE S

SOURCES

MA J O R S O U R C E S
C R E D I T MA R K E T

DETAIL

7 2 4 . 1A

SOURCE

1950-DATE

F L OWS

SOURCES

DETAIL

7 2 3 . 1A
7 2 3 . 2A

SECTOR

AND C A P I T A L

SOURCES

CAPITAL

7 2 2 . 1A

723

FINANCING,

FINANCING

FL OW AND

BUSINESS

I NCOME

7 2 1 . 1A

722

ITS

ITS

A M O U N T S ............................................................................................................................................................................. 6 5
A N A L Y T I C A L R A T I O S ......................................................................................................................................... . . 6 5

FARM

721

AND

AND

A M O U N T S .............................................................................................................................................................................6 4
A N A L Y T I C A L R A T I O S ......................................................................................................
...64

712.1
712.2

720

F L OW

F L OW

F OR

OF

F U ND S

OF F U N D S ...........................................................................................................................68
I N S T R U M E N T S ..................................... ..............................................................................6 9

USES

OF

FUNDS

MA J OR- U S E S

QF

F U N D S ..................................................................................................................................... 7 0

S E C T I O N 7 1 0 , F ROM S E C T I O N S 1 0 0 , 5 0 0 , 6 0 0 , 8 0 0 , AND 9 0 0 ; S E C T I O N 7 2 0 ,
F L OW O F F U N D S A C C O U N T S . FLOW OF F U N D S S E C T I O N , D I V I S I O N OF R E S E A R C H
AND S T A T I S T I C S , B OARD OF G O V E R N O R S O F T H E F E D E R A L R E S E R V E S Y S T E M .

A B A S I C P R E S E N T A T I O N AND C O M P A R I S O N OF T H E S E R I E S
" T H E F A RM 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 OF

S TATISTIC AL

ASSOCIATION,

1971,

D A T A AN D A N A L Y T I C A L R A T I O S S U C H
DISCUSSED IN "ANALYTICAL RATIOS

PP.

I N S E C T I O N S 71C AND 7 2 0 ,
FUNDS A C C O U N T S , " 1 9 7 0

571-576.

AS T H O S E P R E S E N T E D I N S E C T I O N 7 1 0 ARE
B A S E D ON A F A RM S E C T O R C A S H FLOW S T A T E M E N T :

A P R I L 1 4 - 1 5 , 1 9 7 7 , A G R I C U L T U R A L E C O N O M I C R E P O R T 4 1 2 , U . S . D E P A R T M E N T OF
A G R I C U L T U R E , N OVE MBE R 1 9 7 8 , P P . 1 1 6 - 1 1 9 .
P A P E RS U S I N G T H E D A T A AND R A T I O S I N
S E C T I O N 7 1 0 I N C L U D E " S O M E C U R R E N T A S P E C T S OF A G R I C U L T U R A L F I N A N C E AND B A N K I N G
1 9 7 7 , P P . 9 6 7 - 9 7 2 , AND " A R E V I E W OF S E L E C T E D F A RM F I N A N C I A L D E V E L O P M E N T S , "
P R E S E N T E D AT T H E A G R I C U L T U R A L O U T L O O K C O N F E R E N C E , U . S . D E P A R T M E N T OF
A G R I C U L T U R E , N OVE MBE R 7 , 1 9 7 9 .
I N S E C T I O N 7 2 0 , T I T L E S AN D / O R D E F I N I T I O N S OE SOME S E R I E S D I F F E R F ROM T H O S E OF
S I M I L A R US DA S E R I E S B E 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 USED
I N N ON—U S D A S O U R C E S ( S E E I N T R O D U C T I O N T O F L O W QF F U N D S . F E D E R A L R E S E R V E B O A R D ,
FEBRUARY 1 9 7 5 ) .




63

64

TABLE

7 1 1 .1

CAPITAL FLOW AND IT S FINANCING
AMOUNTS IN MILLIONS OF DOLLARS
1
1.
1
YEAR
|
1
1
1
1
1 9 5 0 ...|
1 9 5 1 ...|
1 952...1
1 9 5 3 ...|
1 9 5 4 ...i
1955...1
1 9 5 6 ...|
1957.. .|
1958.. . |
1 9 5 9 ...|
1
1 9 6 0 ...|
1 9 6 1 ...|
1 9 6 2 ...|
1963.. . |
1964...1
1 9 6 5 ...|
1 9 6 6 ...|
1 9 6 7 ...|
1 9 6 8 ...|
1 9 6 9 ...|
1
1 9 7 0 ...|
1 9 7 1 ...|
1 97 2...1
1 9 7 3 ...|
1 9 7 4 ...|
1 9 7 5 ...|
1 9 7 6 . . «|
1 977...1
1 9 7 8 ...|
1 9 7 9 ...|

CAPITAL FLOW

TOTAL

1 REAL ESTATE I
I
PURCHASES
1.
I
FROM
|
(DISCONTINUING| TOTAL
1 PROPRIETORS 1

I

FINANCING OF CA PIT AL FLOW

I

INTERNAL
FUNDS

INCREASE
IN
DEBT

1
1
1

FARM
CASH
FLOW

1 ADOENDUM:

CAPITAL FORMATION
BUILOINGS
MACHINERY
AND LAND
IMPROVEMENTS

LIVESTOCK

STORED
CROPS

FIN AN CIA L
ASSETS

TOTAL

7762.
8915.
7842.
63 66.
718 8.
71 99 .
5773.
7584.
8956.
6 930.

2304.
2451.
2401.
2171.
2296.
2589.
2655.
286 1.
3081.
3165.

5458.
6464.
5441.
4195.
4892.
4610.
3118.
4723.
5875.
3765.

1522.
1599.
1614.
1527.
1425.
1385.
1392.
1411.
1355.
1654.

3152.
3321.
2966.
3201.
2739.
2760.
2406.
2512.
3150.
3414.

6 07 .
1017.
579.
-81.
260.
18.
-3 45 .
-211.
576.
418.

205.
167.
342.
-5 42 .
231.
197.
-1 1 1 .
829.
248.
-4 04.

-2 8 .
360.
-6 1.
90.
2 37 .
250.
-2 24 .
182.
545 .
-1317.

(
1
1
1
I
1
i
1
I
(

7762.
8915.
7842.
636 6.
7188.
7199.
5773.
7584.
8956.
6930.

62 56.
7098.
69 82 .
6 73 8.
62 9 0.
5718.
491 4.
616 9.
6 97 6.
4496.

1506.
1817.
860 .
-3 7 2 .
898 .
1481.
859.
1415.
1980.
243 4.

1
I
1
1
I
1
1
1
1
1

17546.
20449.
19708.
17648.
17113.
16062.
16086.
16027.
18340.
16041.

7468.
8144.
9309.
953.9.
90 64 .
11723.
11442.
12998.
11677.
11685.

3067.
3264.
335 4.
36 35 .
3862.
4311.
46 46 .
4 44 9.
4308.
432 6.

4401.
488 0.
5955.
5904.
5202.
7412.
6796.
8549.
7369.
7359.

1686.
1748.
1832.
1886.
1918.
1926.
2077.
2314.
2146.
2340.

2802.
2866.
3190.
3525.
3770.
4179.
4611.
5132.
4550.
4525.

8 9.
372.
585.
396.
-38.
-175.
221.
82.
218.
222.

308.
-36.
35.
233 .
-7 79 .
1217.
-3 0 4 .
575.
-94.
-1 23 .

-4 84 .
-7 0 .
313.
-1 36 .
33 1.
265 .
191.
446.
549.
39 5.

I
|
1
I
|
1
1
1
1
1

7468.
8144.
9309.
9539.
9064.
11723.
11442.
12998.
11677.
11685.

6 28 9.
63 33 .
6 57 7.
64 1 0.
62 6 4.
7734.
7821.
9893.
986 8.
9 12 0.

1179.
1810.
27 3 2.
31 28 .
28 00.
39 89.
3621.
31 06 .
1808.
25 66 .

1
1
1
1
1
1
1
1
1
1

16979.
17691.
18061.
18089.
17050.
19896.
21 367.
20002.
20 521.
22 928.

11803.
15261.
18226.
25784.
19923.
26244.
23840.
28032.
31356.
37028.

412 1.
5702.
8132.
10641.
8596.
8866.
10875.
10446.
11332.
12698.

7682.
9559.
10094.
15143.
11327.
17378.
12965.
17586.
20024.
24330.

2367.
248 4.
235 0.
3062.
4395.
46 84.
5031.
5657.
6199.
6850.

491 8.
4873.
5695.
7647.
8195.
8653.
9997.
10462.
11988.
13700.

665.
460.
445.
1818.
454.
-1044.
-6 82 .
-1 3 2 7 .
-1502.
1500.

-6 59.
937.
416.
1588.
-2065.
4444.
-1684.
2384.
2564.
1600.

391.
805.
1188.
1028.
348.
641.
30 3.
41 0.
775.
6 80 .

1
I
1
1
1
I
1
1
1
1

11803.
15261.
18226.
25784.
19923.
26244.
23840.
28032.
31356.
37028.

9545.
11017.
11526.
15949.
11796.
17284.
12694.
14869.
13910.
15896.

22 57 .
42 4 4.
6700.
98 3 5.
8127.
8960.
11146.
13163.
17446•
21132.

1
1
1
1
1
1
1
1
1
1

23043.
24229.
30043.
47 97 3.
41 79 3.
41661.
36715.
38973.
49241.
54900.

__ L
"REAL ESTATE PURCHASES" IS AN ESTIMATED PROPORTION OF REAL ESTATE TRANSFERS IT AB LE 6 3 2 . 1 ) .
BEFORE 1965 TRANSFERS ARE ESTIMATED FROM
REAL ESTATE ASSETS (TAB LE 5 1 1 . i l AND TRANSFER RATES (TAB LE 6 3 1 . 1 ) . CAPITAL FORMATION CONSISTS OF BUILDING AND MACHINERY EXPENDITURES
(TABLE 8 1 0 . 1 ) , NET ADDITIONS TO LIVESTOCK AND STORED-CROP INVENTORIES (T ABLE 9 2 1 . 1 ) , AND NET CHANGES IN CURRENCY, BANK DEPOSITS, AND
U . S . SAVINGS BONDS (T ABLE 5 2 1 . 2 ) .
"INCREASE IN DEBT" EXCLUDES CCC LOANS (T AB LE 1 1 1 . 2 ) .
FINANCING FROM "INTERNAL FUNDS" IS TOTAL
CAPITAL FLOW LESS T H IS DEBT FINANCING.
"FARM CASH FLOW," WHICH INCLUOES UNREAl IZEO AND NCNMONEY INCOME, IS DEFINED IN TABLE 9 4 1 . 1 .

TABLE 711.2
CAPITAL FLOW AND I T S FINANCING
ANALYTICAL RATIOS
1
1
I
YEAR
|
1
1
1_
1
1 9 5 0 ...|
1 9 5 1 ...|
1 9 5 2 ...|
1 95 3...(
1 9 5 4 ...|
1 9 5 5 ...|
1 9 5 6 ...|
1 9 5 7 ...|
1 9 5 R . .. |
1 9 5 9 ...(
|
I9 6 0 ...)
1 9 6 1 ...|
1 9 6 2 ...|
1 9 6 3 ...I
1 964...1
1 9 6 5 .. • (
1966...1
1 9 6 7 ...|
1 9 6 8 ...|
1 9 6 9 ...|
|
1 9 7 0 ...|
* 9 7 1 ...|
1 9 7 2 .. • (
1 973...1
1 97 4 ...I
1 9 7 5 ...|
1976...1
1 9 7 7 ...|
1978...1
1 97 9 ...I
_____ L

CAPITAL FLOWS AS PERCENTAGE OF FARM CASH FLOW
TCTAL
CAPITAL
FLOW

REAL ESTATE
PURCHASES
FROM
DISCONTINUING
- - PROPRIETORS

CAPITAL
FORMATION

4 4 .2
4 3 .6
3 9 .8
36.1
4 2. 0
4 4 .8
35.9
* 7. 3
4 8 .8
43.c

13.1
1 2. 0
12 .2
12.3
1 3. 4
16.1
16.5
1 7.9
16.8
19.7

31.1
3 1.6
2 7 . t»
2 3. 8
2 8 .6
2 8. 7
19.4
2 9.5
32.0
2 3.5

* 4. 0
4 6 .0
5 1. 5
5 2. 7
5 3 .2
5 8 .9
5 3 .6
65.0
5 6 .9
5 1 .0

18.1
1 8 .4
18 .6
2 0.1
22.6
2 1 .7
2 1 .7
2 2 .2
2 1 .0
1 8 .9

2 5 .9
2 7 .6
3 3 .0
3 2 .6
3 0. 5
3 7. 3
3 1 .8
4 2 .7
3 5 .9
3 2.1

5 1. 2
63.0
60.7
5 3 .7
4 7 .7
6 3 .0
64.9
7 1 .9
6 3 .7
67.4

1 7 .9
2 3 .5
2 7 .1
2 2 .2
20.6
21.3
29.6
26.8
23.0
2 3 .1

3 3 .3
3 9 .5
3 3 .6
3 1 .6
2 7. 1
41.7
3 5 .3
4 5. 1
4 0 .7
4 4 .3

THE RATIOS SHOWN .iRE COMPUTED FROM OATA IN TABLE 711.1




I
|
1
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
1
1
-1

FINANCING AS PERCENTAGE OF
FARM CASH FLOW
INTERNAL

DEBT

35.7
34.7
3 5 .t
3 8.2
3 6.8
35 .6
3 0.6
3 8.5
3 8 .0
2 8 .0

8. 6
8 .9
4.4
-2 .1
5 .2
9.2
5. 3
8 .8
10.8
15.2

37.0
3 5 .8
3 6 .4
3 5. 4
3 6.7
3 8. 9
3 6 .6
4 9 .5
48.1
3 9.3

6 .9
10.2
15.1
17.3
16.4
2 0. 0
16.9
15.5
8 .8
11.2

4 1 .4
45 .5
3 8. 4
3 3. 2
2 8.2
4 1.5
3 4.6
3 3. 2
2 8 .2
2 9 .0

9 .8
1 7.5
2 2. 3
2 0 .5
19 .4
2 1 .5
3 0 .4
3 3. 8
3 5 .4
3 8 .5

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
l
1
1
1
1
1
1
1
1
(
1
1
1
1
1
1
I
1
1
1
(
1
I
1
1
— 1__

DEBT FINANCING AS
PERCENTAGE OF—
CAPITAL
FLOW

CA P IT AL
FORMATION

1 9.4
2 0 .4
1 1 .0
-5 .9
1 2.5
20.6
1 4 .9
1 8. 7
22 .1
35.1

2 7. 6
28.1
15.8
-8 .9
18.4
32.1
27 .5
3 0.0
3 3.7
64 .6

1 5.8
2 2 .2
2 9 .3
3 2 .6
3 0 .9
3 4 .0
3 1 .7
2 3 .9
15 .5
2 2 .0

26.8
37.1
4 5. 9
5 3. 0
5 3. 8
5 3. 8
5 3.3
3 6 .3
2 4 .5
3 4. 9

19.1
2 7 .8
3 6 .8
3 8 .1
4 0 .8
3 4.1
4 6 .8
47.0
5 5 .6
5 7.1

2 9 .4
44.4
66.4
6 4 .9
7 1 .8
5 1 .6
8 6 .0
7 4 .9
8 7 .1
8 6 .9

TABLE 712.1

65
NET CAPITAL FLOW ANO IT S FINANCING
AMOUNTS IN MILLIONS OF DOLLARS

YEAR

1
1
1 REAL ESTATE |
1
1 PURCHASES
1
1
I TOTAL 1
FROM
|
1DISCONTINUING! TOTAL
1

NET CAPITAL FLOW
NET CAPITAL FORMATION
BUILDINGS
ANO LAND

MACHINERY

LIVESTOCK

STORED
CROPS

(FINANCING OF NET CAPITAL FLOW
1
1
INCREASE
1
INTERNAL
IN
FINANCIAL 1 TOTAL
ASSETS
FUNDS
DEBT
1

ADDENDUM:
NET
FARM
INCOME

.1-£&0££1E.IGB£.I_______ IM£RflttEaEm£.
1950...
1 9 5 1 ..
1 9 5 2 ..
1 9 5 3 ..
1 9 5 4 ..
1 9 5 5 ..
1956...
1 9 5 7 ..
1 9 5 8 ..
1 9 5 9 ..

I
1
I
1
I
1
I
1
|
I

5097.
5768.
4516.
2912.
3607.
3499.
2050.
3671.
49 45.
2679.

2304.
2451.
2401.
2171.
2296.
2589.
2655.
2861.
3081.
3165.

2793.
3317.
2115.
741.
1311.
910.
-6 05 .
810.
1864.
-4 86 .

74 0.
655 .
709 .
590.
4 19 .
313.
379.
323.
272 .
505.

1269.
1118.
545.
684.
164.
132.
-3 04 .
-3 1 3 .
222.
312.

607 .
1017.
579.
-81.
260.
18.
-345 .
-2 11 .
576.
4:8 .

205.
167.
342.
-5 42 .
231.
197.
-1 1 1 .
829.
248.
-404.

-2 8 .
360.
-6 1 .
90.
237.
250.
-2 24 .
182.
545.
-1317.

1
1
1
1
I
1
1
i
I
1

5097.
5768.
45 1 6.
2912.
3607.
3499.
2050.
3671.
494 5.
2679.

3591.
3951.
3656.
3284.
2709.
2018.
1191.
2256.
2965.
245.

1506.
1817.
860.
-3 7 2 .
8 98 .
1481.
859 .
1415.
1980.
2434.

I
I
)
|
|
1
I
1
I
1

14881 *
17302.
16382.
14194.
13532.
12362.
12363.
12114.
14329.
11790.

I9 6 0 ..
1 9 6 1 ..
1 9 6 2 ..
1 9 6 3 ..
1 9 6 4 ..
1 9 6 5 ..
1 9 6 6 ..
1 9 6 7 ..
1 96 8. .
1 9 6 9 ..

|
|
I
|
|
|
|
|
|
I

3131.
3756.
4779.
4343.
416 1.
6612.
6058.
7217.
5477.
5111.

3067.
3264.
3354.
3635.
3 862.
4311.
4646.
4449.
4308.
4326.

64.
492.
1425.
1208.
299.
2301.
1412.
2768.
1169.
785.

475.
483.
506.
4 76 .
40 7.
322.
431.
527.
224 .
212.

-3 24 .
-2 57 .
-1 4.
237.
378.
672.
873.
1138.
272.
79.

89.
372.
585.
396.
-3 8.
-1 75 .
221.
82.
218.
222.

308.
-36.
35.
233.
-7 79.
1217.
-3 0 4 .
575.
-9 4.
-1 23.

-4 84 .
-7 0.
313.
-136 .
331.
265.
191.
446.
549.
395.

1
1
1
I
1
I
1
1
1
1

3131.
3756.
477 9.
48 4 3.
4161.
6612.
605 8.
7217.
5477.
5111.

1952.
1945.
2047.
1714.
1361.
2623.
2437.
4112.
3668.
2546.

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

I
I
1
1
1
1
I
I
1
|

12642.
13303.
13531.
13393.
12147.
14785.
15983.
14221.
14321.
16354.

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

|
|
I
|
|
|
|
1
I
I

5043.
7911.
10339.
16839.
9360.
13658.
10027.
12876.
14708.
18428.

4121.
5702.
8132.
10641.
8596.
8866.
10875.
10446.
11332.
12698.

922.
2209.
2207.
6198.
764.
4792.
-8 48.
2430.
3376.
5730.

199.
99.
-2 8 3 .
-4 9 .
745.
55 1.
719.
824.
776.
865.

326.
-9 2 .
441 .
1813.
1282.
200.
496 .
139.
763.
1085.

665.
460.
44 5.
1818.
454.
-1 04 4.
-6 82 .
-1327.
-1502.
1500.

-6 59.
937.
416.
1588.
-2065.
4444.
-1684.
2384.
2564.
1600.

391.
805.
1188.
1028.
348.
641.
303.
410.
775.
680.

1
I
I
I
I
I
1
I
1
1

5043.
7911.
10339.
16839.
9360.
13658.
10027.
12876.
14708.
18428.

2785.
3667.
3639.
7004.
1233.
4698.
-1119.
-2 8 7 .
-2 73 8.
-2704.

225 7.
4244.
6700.
98 35 .
8127.
8960.
11146.
13163.
17446.
21132.

I
|
1
1
1
1
1
1
1
I

16283.
16879.
22156.
39028.
31230.
29075.
22902.
23817.
32593.
36300.

NET CAPITAL FORMATION OF BUILDINGS AND LAND IMPROVEMENTS AND OF MACHINERY ARE CAPITAL EXPENDITURES (TABLE 8 1 0 .1 ) LESS CAPITAL
CONSUMPTION (T A3 LE 8 2 0 . 1 ) .
THE RESULT I S ALSO KNOWN AS CAPITAL NET INVESTMENT (T ABLE 8 3 0 . 1 ) .
OTHER CAPITAL FLOW SE RIE S, AS WELL
THE INCREASE IN DEBT, ARE THE SAME AS IN TABL£ 7 1 1 . 1 .
THE PRESENTATION HERE THUS DIFFERS FROM THAT IN TABLE 7 11 .1 BY RECORDING AN
EXAMINING THE FINANCING OF ONLY THOSE AMOUNTS BY WHICH CAPITAL FLOW EXCEEDS CAPITAL CONSUMPTION ALLOWANCES.
"NET FARM INCOME,"
WHICH INCLUDES UNREALIZED AND NONMONEY INCOME, IS FARM CASH FLOW AS DEFINED IN TABLE 7 11 .1 LESS CAPITAL CONSUMPTION ALLOWANCES.

TABLE 712.2
NET CAPITAL FLOW AND IT S FINANCING
ANALYTICAL RATIOS

YEAR

1
1
I
1
1
1

CAPITAL FLOWS AS PERCENTAGE OF NET FARM INCOME
NET
CAPITAL
FLOW

REAL ESTATE
PURCHASES
FROM
DISCONTINUING

NET
CAPITAL
FORMATION

I
|

FINANCING AS PERCENTAGE OF
NET FARM INCOME

1

INTERNAL

DEBT

|
1
1
1
|
1

DEBT FINANCING AS
PERCENTAGE OF—
NET
CAPITAL
FLOW

NET
CAPITAL
FORMATION

2 9 .5
3 1 .5
1 9. 0
-1 2 .8
2 4 .9
4 2 .3
4 1 .9
3 8 .5
4 0 .0
9 0 .8

5 3 .9
5 4. 8
4 0 .7
-5 0 .3
6 8 .5
162.8
*
174.8
106.2
♦

3 7 .7
4 8 .2
57.2
6 4 .6
6 7 .3
60.3
5 9 .8
4 3 .0
33.0
5 0 .2

18 42.9
3 6 8 .0
19 1.7
2 59 .0
9 3 6 .4
17 3.4
25 6 .5
112.2
154.7
32 6 .8

4 4 .8
5 3.7
6 4.8
5 8 .4
8 6 .8
65.6
111.2
102.2
11 8.6
114.7

2 44 .8
192.1
3 03 .6
1 58 .7
1063.8
18 7.0
*
5 41 .7
51 6 .8
3 6 8 .8

EBflgBlEIQBS.
1 9 5 0 ...|
1 9 5 1 ...|
1952...1
1 9 5 3 ...|
1 9 5 4 ...|
1 9 5 5 ...|
1 9 5 6 ...|
1957...1
1 9 5 8 ...|
1 9 5 9 ...|

3 4.3
3 3.3
2 7.6
2 0. 5
2 6 .7
2 8 .3
16.0
3 0. 3
3 4. 5
2 2 .7

15 .5
14.2
1 4. 7
15.3
17.0
2 0 .9
2 1 .5
2 3 .6
2 1 .5
2 6 .8

18.8
19.2
12.9
5. 2
9 .7
7 .4
-4 .9
6 .7
13.0
-4 .1

1
1
1
1
i
I
|
I
|
1

2 4 .1
2 2 .8
2 2 .3
2 3 .1
2 0 .0
16 .3
9. 6
18.6
2 0 .7
2 .1

10.1
10.5
5 .3
-2 .6
6.6
12.0
6.9
1 1.7
13.8
2 0. 6

1 9 6 0 ...|
1 9 6 1 ...|
1962...1
1 9 6 3 ...|
1 9 6 4 ...|
1 9 6 5 ...|
1 9 6 6 ...|
1 9 6 7 ...|
1 9 6 8 ...|
1969.. .|
Ii
1 9 7 0 ...|
1 97 1... |
1972...1
1 9 7 3 ...|
1 9 7 4 ...|
1 9 7 5 ...|
1 9 7 6 ...|
1 977...1
1 9 7 8 ...|
1 9 7 9 ...|
J____

2 4 .8
2 9 .2
3 5 .3
36.2
3^.3
4 4 .7
3 7. 9
5 0.8
3 8.2
31 .3

2 4.3
2 4. 5
2 4. 8
27 .1
31 .8
2 9. 2
29.1
3 1. 3
3 0.1
2 6.5

0.5
3.7
10.5
9 .0
2 .5
15.6
8 .8
19.5
8 .2
4 .8

|
1
|
I
|
|
]
1
I
1

1 5 .4
1 4 .6
15.1
1 2.8
1 1.2
1 7. 7
1 5 .2
2 8 .9
25.6
1 5.6

9 .3
13.6
2 0.2
2 3. 4
23.0
2 7 .0
22 .7
2 1.8
12.6
15 .7

3 1. 0
4 6 .9
4 6 .7
4 3 .1
3 0 .0
4 7 .0
4 3 .8
54 .1
4 5. 1
50 .8

2 5. 3
3 3 .8
3 6 .7
2 7. 3
2 7. 5
30 .5
4 7. 5
4 3 .9
3 4 .8
35 .0

5 .7
13.1
1 0.0
1 5.9
2 .4
16.5
-3 .7
10.2
10.4
15.8

|
1
|
1
1
1
|
1
1
1

1 7.1
2 1 .7
1 6 .4
17 .9
3*9
1 6. 2
-4 .9
-1 .2
-8 .4
-7 .4

13.9
25.1
30.2
25.2
2 6.0
3 0. 8
4 8 .7
55.3
53.5
58.2

* NET CAPITAL FORMATION IS NEGATIVE.
THE RATIOS SHOWN ARE COMPUTED FROM DATA IN TABLE 71 2.1




1
1

1
1
1

1
1
1
1
1
I1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
_J___

66

TABLE 721.1A
I N C O M E AND C A P I T A L F L O WS
A MO U N T S I N M I L L I O N S OF D O L L A R S
'

YEAF

SOURCES

1
1
1
|
1
1
1

I NTERNAL

OF

FUNDS

CASH

F L OW

1
I
TOTAL
CAPITAL
1
CONSUMPTION
NET
1 TOTAL
A
L
LOWANCE S
I NCOME
1
j____________ j _____________________________________

U S E S OF F U N D S
1
1
A
C
Q
U
I
S
I
T
I
O
N
OF A S S E T S
1
1
1
1 INCREASE 1
1
I
N
INCREASE
I
T
O
T
A
L
1
1
CAPITAL
DEBT
IN
1 TOTAL
1
1
E
X
P
E
N
D
I
T
U
R
E
S
F
INANCIAL
1
1
1
i_____________ j ____________ l ______________________________ A j s s r n ___

1 9 4 6 ...|
1 9 4 7 ...|
1 9 4 8 ...|
1 9 * 9 ...|

16606.
17470.
20513.
15586.

16186.
16772.
19516.
15000.

1118.
1418.
1852.
2220.

15068.
15354.
17664.
12780.

420 .
698.
997.
586.

1 9 5 0 ...|
1 9 5 1 ...|
1952...1
1 9 5 3 ...|
1 9 5 4 ...|
1 9 5 5 ...|
1 95 6...!
1 9 5 7 ...|
1 9 5 8 ...|
1 9 5 9 ...|

17500.
20614.
19039.
15924.
16623.
16410.
15697.
16068.
18762.
17064.

16159.
18891.
18104.
16241.
15750.
14787.
14773.
14776.
16958.
14709.

2511.
2958.
3143.
3261.
3377.
3482.
3519.
3691.
3790.
4016.

13648.
15933.
14961.
12980.
12373.
11305.
11254.
11085.
13168.
10693.

1341.
1723.
935.
-3 1 7 .
873.
1623.
924.
1292.
1804.
2355.

1 9 6 0 ...|
1 96 1...!
1 9 6 2 ...|
1 9 6 3 ...|
1 96 4...(
1 9 6 5 ...|
1 9 6 6 ...|
196 7... |
1 96e...|
1 9 6 9 ...|
j
1970...1
1 9 7 1 ...!
1 9 7 2 ...|
197 3... !
1 97 4... |
1 9 7 5 ... |
197 6... |
197 7... |
1 97 8... !

16757.
17707.
18520.
19454.
17729.
21360.
22417.
20692.
19777.
22921.

15567.
16008.
16216.
16042.
14940.
17513.
18817.
17589.
17984.
20264.

4091.
4134.
4258.
4403.
4585.
4784.
505 8.
5439.
5845.
6196.

11476.
11874.
11958.
11639.
10355.
12729.
13759.
12150.
12139.
14068.

1190.
1699.
2304.
3412.
2789.
3847.
3600.
3103.
1793.
2657.

22 258.
25932.
32118.
50321.
43791.
45204.
43 501.
49701.
62366.

20321.
21315.
25747.
41136.
35540.
35970.
31707.
34086.
43587.

6390.
6944.
7439.
8413.
9932.
11864.
13042.
14285.
15693.

13931.
14371.
18308.
32723.
25608.
24106.
18665.
19801.
27894.

1937.
4617.
637 1.
9685.
8251.
9234.
11794.
15615.
18779.

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
i
1
_L _

i

16606.
17470.
20513.
15586.

4057.
2765.
6094.
3203.

2200.
1581.
6004.
3627.

1857.
1184.
90 .
-4 24 .

55 .
58.
6 9.
50.

12494.
14647.
14350.
12333.

2519.
649.
3245.
397.

17500.
20614.
19039.
15924.
16623.
16410.
15697.
16068.
18762.
17064.

5281.
6052.
5177.
3776.
4460.
4455.
3196.
4325.
5562.
4007.

5248.
5793.
5190.
3799.
4487.
4347.
3317.
4358.
5196.
4609.

33 .
259.
-1 3 .
-2 3 .
-2 7.
108.
-1 21.
-3 3 .
366.
-6 02.

88.
88.
54 .
52.
45 .
4 8.
50.
42.
55.
45 .

12131.
14474.
13808.
12096.
12118.
11907.
12451.
11701.
13145.
13012.

1429.
1371.
1099.
83 2.
210.
-6 50 .
-1 2 4 7 .
-6 5 8 .
-3 2 .
-2 36 4.

16757.
17707.
18520.
19454.
17729.
21360.
22417.
20692.
19777.
22921.

3962.
4552.
5425.
5738.
5009.
6872.
6178'.
7724.
6782.
7155.

4298.
4467.
5291.
5778.
4617.
6592.
5971.
7361.
6203.
6619.

-3 3 6 .
85.
134.
-4 0 .
392.
28 0.
207 .
3 63 .
579.
536.

4 8.
62.
54.
65.
70.
80.
74.
53.
76.
86.

12747.
13093.
13041.
13651.
12650.
14408.
16165.
12915.
12919.
15680.

-131 9.
-1281.
-1 13 7.
-2 0 7 7 .
-2365.
-1 75 9.
-2480.
-8 18 .
-8 56 .
-1 6 9 8 .

22258.
25932.
32118.
50821.
43791.
45204.
43501.
49701.
62366.

7526.
9012.
8839.
13690.
10495.
16870.
13313.
17880.
19957.

6922.
8321.
7903.
12847.
9901.
15873.
11819.
16069.
17998.

6 04 .
691.
936.
843.
594.
997.
1494.
1811.
1959.

6 3.
92.
116.
264 .
221.
244 .
138.
165.
187.

14669.
16828.
23163.
36867.
33075.
28090.
30050.
31656.
42222.

-8 01.
-2549.
-497 1.
-4408.
-7688.
-4228.
-1 1 5 2 3 .
-1 2 0 2 0 .
-1 4 5 1 5 .

•♦WI THDRAWAL OF FUNDS' * I S C O M P U T E D A S T H E R E S I D U A L AMO U N T T H A T E Q U A T E S T O T A L U S E S AND S O U R C E S
••NET I N V E S T M E N T " I S N E T I N C O M E L E S S C O R P O R A T E P R O F I T S T A X E S AND W I T H D R A W A L OF F U N D S .
D E T A I L FOR MAJ OR S O U R C E S AND U S E S OF F U N D S I S SHOWN I N T A B L E S 7 2 3 . 1 , 7 2 3 . 2 , AND 7 2 4 . 1 .




1
1
1
1
1A D D E N D U M :
1C O R P O R A T E | W I T H D R A W A L !
NET
1 PROFITS |
OF
|INVESTMENT
i
TAXES
|
FUNDS
I
1
1
1

OF

FUNDS.

TABLE 722.1A

SOURCES

YEAR
TOTAL

67

CAPITAL FLOWS
AMOUNTS IN MILLIONS OF DOLLARS

1
1
1
|

OF

I NTERNAL

TOTAL

USES

FUNDS
FUNDS

CAPITAL
C ONSUMPT I ON
. ALLOWANCES

OF

FUNDS

1

NET
INVESTMENT

| INCREASE
1
IN
1
DEBT
I
_____ ...

CAPITAL
TOTAL

EXPENDITURES

INCREASE
IN
FINANCIAL
ASSETS

1 9 4 6 ... .
1947...
1948...
1949...

4057.
2765.
6094.
3203.

3637.
2067.
5097.
2617.

1118.
1418.
1852.
2220.

2519.
649.
3245.
397.

420.
698.
997.
586.

4057.
2765.
6094.
3203.

2200.
1581 .
6004.
3627.

1857.
1184.
90.
-424.

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

5281.
6052.
5177.
3776.
4460.
445 5.
3196.
4325.
5562.
4007.

3940.
4329.
4242.
4093.
3587.
2832.
2272.
3033.
3758.
1652.

2511.
2958.
3143.
3261.
3377.
3482.
3519.
3691.
3790.
4016.

1429.
1371.
1099.
832.
210.
-650.
-1247.
-658.
-32.
-2364.

1341.
1723.
935.
-317.
873.
1623.
924.
1292.
1804.
2355.

5281.
6052.
5177.
3776.
4460.
4455.
3196.
4325.
5562.
4007.

5248.
5793.
5190.
3799.
4487.
4347.
3317.
4358.
5196.
4609.

33.
259.
-13.
-23.
-27.
108.
-121.
-33.
366.
-602.

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

3962.
4552.
5425.
5738.
5009.
6872.
6178.
7724.
6782.
7155.

2772.
2853.
3121.
2326.
2220.
3025.
2578.
4621.
4989.
4498.

4091.
4134.
4258.
4403.
45 8 5 .
4784.
5058.
5439.
5845.
6196.

-1319.
-1281.
-1137.
-2077.
-2365.
-1759.
-2480.
-818.
-856.
-1698.

1190.
1699.
2304.
3412.
2789.
3847.
3600.
3103.
1793.
2657.

3962.
4552.
5425.
5738.
5009.
6872.
6178.
7724.
6782.
7155.

4298.
4467.
5291.
5778.
4617.
6592.
5971.
7361 .
6203.
6619.

-336.
85.
134.
-40.
392.
280.
207.
363.
579.
536.

1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...

7526.
9012.
8839.
13690.
10495.
16870.
13313.
17880.
19957.

5589.
4395.
2468.
4005,
2244.
7636.
1519.
2265.
1178.

6390.
6944.
7439.
8413.
9932.
11864.
13042.
14285.
15693.

-801.
-2549.
-4971.
-4408.
-7688.
-4228.
11523.
12020.
14515.

1937.
4617.
6371.
9685.
8251.
9234.
11794.
15615.
18779.

7526.
9012.
8839.
13690.
10495.
16870.
13313.
17880.
19957.

6922.
8321.
7903.
12847.
9901.
15873.
11819.
16069.
17998.

604.
691.
936.
843.
594.
997.
1494.
1811.
1959.

"NET INVESTMENT"
D E T A I L F OR MA J OR




I S C OMPUT E D
S O U R C E S AND

AS T H E R E S I D U A L A MOU NT
U S E S OF F U N D S I S SHOWN

T H A T E Q U A T E S T O T A L S O U R C E S AND US E S
I N T A B L E S 723, . I t
7 2 3 . 2 , AND 7 2 4 . 1 .

OF

FUNDS.

68

TABLE 723.1A
MAJOR SOURCES OF FUNDS
AMOUNTS IN MILLIONS OF DOLLARS
*

NET

CAPITAL CONSUMPTION ALLOWANCES

YEAR
TOTAL

CORPORATE

INCOME

NONCORPORATE I

TOTAL

CORPORATE
PROFITS

NET
NON­
CORPORATE I

TOTAL

INVESTMENT

RETAINED
CORPORATE
PROFITS

INCREASE IN DEBT

NON­
CORPORATE

I

TOTAL

TRADE
CREDIT

CREDIT
MARKET
INSTRUMENTS

1 9 4 6...
1 94 7...
1 94 8...
1 94 9...

1118.
1418.
1852.
2220.

22.
25.
31.
37.

1096.
1393.
1821.
2183.

I
|
I
I

15068.
15354.
17664.
12780.

140.
152.
159.
121.

14928.
15202.
17505.
12659.

1
I
I
I

2519.
649.
3245.
397.

67.
51.
43 .
26.

2452.
598.
3202 .
371.

I
I
I
I

42 0.
698 .
997.
586.

57.
230.
339.
194.

363.
468.
658 .
392.

195 0...
1951...
195 2...
195 3...
1 95 4...
1 95 5...
195 6...
1 95 7...
195 8...
1 95 9...

2511.
2958.
3143.
3261.
3377.
3482.
3519.
3691.
3790.
4016.

43.
49.
56.
69 .
81.
91.
104.
115.
130.
145.

2468.
2909.
3087.
3192.
3296.
3391.
3415.
3576.
3660.
3871.

1
1
|
1
I
I
1
I
1
I

13648.
15933.
14961.
12980.
12373.
11305.
11254.
11085.
13168.
10693.

175.
149.
65.
40.
73.
46.
49.
42.
66.
32.

13473.
15784.
14896.
12940.
12300.
11259.
11205.
11043.
13102.
10661.

1
1
I
1
I
I
1
1
1
1

1429.
1371.
1099.
832.
210.
-6 50 .
-1247.
-6 58 .
-3 2 .
-2364.

37 .
1.
-2 9.
-4 5.
-3 .
-3 2.
-2 9.
-3 3 .
-25.
-26.

1392.
1370.
1128.
877.
213.
-618.
-1218.
-6 2 5 .
-7 .
-2 33 8.

I
I
|
|
1
j
I
j
I
I

1341.
1723.
935.
-3 1 7 .
873.
1623.
924.
1292.
1804.
2355.

283.
436.
145.
-2 1 7 .
101.
181.
6 6.
235.
440.
423.

1058.
1287.
790.
-1 00 .
772.
1442.
858.
1057.
1364.
1932.

1 96 0...
1 961...
1 96 2...
1 9 6 3...
196 4...
1 965...
196 6...
1 96 7...
1 96 8...
196 9...

4091.
4134.
4258.
4403.
4585.
4784.
5058.
543 9.
5845.
6196.

154.
166.
179.
194.
210.
229.
249.
274.
302.
331.

3937.
3968.
4079.
4209.
4375.
4555.
4809.
5165.
5543.
5865.

I
1
I
1
1
I
1
1
1
I

11476.
11874.
11958.
11639.
10355.
12729.
13759.
12150.
12139.
14068.

56.
66.
86.
38.
76.
161.
163.
70.
136 *
124.

11420.
11808.
11872.
11601.
10279.
12568.
13596.
12080.
12003.
13944.

I
1
1
1
I
1
I
1
|
1

-1319.
-1 2 8 1 .
-1 13 7.
-2077.
-2365.
-1759.
-2480.
-8 1 8 .
-856.
-1698.

-3 4 .
-3 5 .
-18.
-1 4 8 .
-39.
14.
34.
-2 9 .
8.
-13.

-1 28 5.
-1 24 6.
-1 11 9.
-1 92 9.
-2 32 6.
-1 77 3.
-2 51 4.
-7 89 .
-8 64 .
-1685.

I
1
I
|
|
|
1
!
I
1

1190.
1699.
2304.
3412.
2789.
3847.
3600.
3103.
1793.
2657.

159.
106.
6.
862.
186.
545.
407.
-2 08 .
-9 75 .
-3 77.

1031.
1593.
2298.
2550.
2603.
3302.
3193.
3311.
2768.
3034.

1 97 0...
197 1...
1 97 2...
1 97 3...
1 9 7 4...
1 9 7 5...
197 6...
1 9 7 7...
1 97 8...

6390.
6944.
7439.
8413.
9932.
11864.
13042.
14285.
15693.

368.
39 1.
410 .
589.
735.
1116.
1494.
1697.
1862.

6022.
6553.
7029.
7824.
9197.
10748.
11548.
12588.
13831.

I
1
1
1
J
1
|
1
I

13931.
14371.
18308.
32723.
25608.
24106.
18665.
19801.
27894.

-1 .
82.
305.
720.
224.
635.
345.
164.
195.

13932.
14289.
18003.
32003.
25384.
23471.
18320.
19637.
27699.

1
-8 01 .
I -2549.
1 -4 9 7 1 .
I -4408.
I -7688.
I -4228.
I -1 1 5 2 3 .
| -12020.
I -14515.

-93.
-64.
114.
360.
-1 32.
218.
-0 .
-2 24 .
- 2 57.

-7 08.
-2485.
-5 08 5.
-4768.
-7 55 6.
-4446.
-1 1 5 2 3 .
-11796.
-1 4 2 5 8 .

1 1937.
1 4617.
I 637 1.
I
9685.
1 8251.
1 9234.
1 11794.
1 15615.
1 18779.

-3 6 8 .
149.
543.
123.
223.
454.
878.
868.
720.

2305.
4468.
5828.
9562.
8028.
8780.
10916.
14747.
18059.

"CAPI TA L CONSUMPTION ALLOWANCES," "NET INCOME," AND "INCREASE IN DEBT " APPEAR AS SOURCES OF FUNDS IN "INCOME AND CAPITAL FLOWS"
(TABLE 7 2 1 . 1 ) .
"C API TA L CONSUMPTION ALLOWANCES,
"NET INVESTMENT," AND "INCREASE IN DEBT" APPEAR AS SOURCES OF FUNDS IN
"C API TA L FLOWS" (T ABLE 722.1
DETAIL FOR "CRED IT MARKET INSTRUMENTS " IS SHOWN IN TABLE 7 2 3 . 2 .




TABLE 723.2A

69

C R E D I T MARKE T I N S T R U M E N T S
A MO U N T S I N M I L L I O N S OF D O L L A R S
N O N MO R T G A G E

LOANS

I

_______
YEAR

| TOTAL I
1
1
1
1
J
1
1
1
1946...|
363^
468. |
1947...|
658. |
1948 ...I
392. |
1949...I
1
1058. |
1950...|
1287.1
1951...|
790. |
1952...I
-100.1
1953...|
1954...|
772.1
1442. |
1955...I
1956...|
858.1
1057.|
1957...|
1
364.|
1958...|
1959...|
1932.1
1
1960...|
1031. 1
1961...|
1593. 1
2298.1
1962...I
2550.1
1963...|
1 964...I
2603. 1
1965...|
3302.|
1966... |
3193.1
1967... I
3311.|
1968.. . |
2768.|
3034.|
1969...|
l
■
1
1
1970...|
2305.1
1 9 7 1 . . .|
4468.I
5828. |
1972... I
1973... |
9562.1
1974... |
8028.1
8780.|
1975... |
1 9 7 6 . . . i 10916.1
1977... | 14747.|
1978. . . | 1 8 0 5 9 . |

"CREDIT

MARKET




INTER­
MEDIATE
CREDIT
B A N KS

B ANKS

226.
301.
434.
101.

255.
301.
353.
103.

44.
108.
12 1 .
13.

566.
7 07.
205.
-601.
263.
666.
45.
495.
652.
940.

475.
596.
173.
-581.
150.
572.
-59.
384.
413.
694.

75.
156.
18.
-252.
50.
28.
54.
185.
224.
234.

16.
-45.
14.
232.
63.
66.
50.
-74.
15.
12.

|
1
I
1
|
1
1
I
1
i

294.
514.
1022.
921.
483.
1057.
1328.
1346.
608.
1216.

196.
243.
782.
601.
271.
708.
933.
700.
418.
610.

111.
149.
190.
259.
148.
269.
407.
488.
243.
621.

-13.
122.
50.
61.
64.
80.
-12.
158.
-53.
-15.

1474.
2087.
2277.
4067.
2979.
4202.
4799.
5919.
7887.

827.
1345.
1814.
2859.
1071.
1963.
3031.
2499.
2482.

699.
695.
427.
1102.
1650.
1147.
1317.
1447.
1458.

-52.
47.
36.
106.
258.
1092.
451.
1973.
3947.

IS

A C O MP O N E N T

STATE
C OMME RCI AL
BANKS

U.S.
1
GOVERN­ | T O T A L
ME NT
1
1
1
1
137.
-73.
-108.
1
167.
I
224.
-40.
-15.
1
291*

TOTAL

INSTRUMENTS"

MORTGAGES

|

OF

MUT UAL
SAVINGS
B ANKS

LIFE
INSURANCE
COMPANI ES

FEDERAL
LAND
B A N KS

MO R T G A G E
POOLS

U.S.
GOVERN­
ME N T

AND
LOCAL
GOVERN­
MENTS

HOUSEHOLDS

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.
0.
4.
6.

123.
67.
121.
76.

492.
580.
585.
501.
509.
776.
813.
562.
712.
992.

59.
36.
54.
24.
77.
138.
39.
31.
104.
117.

7.
3.
6.
0.
3.
2.
1.
-2.
-4.
2.

189.
200.
178.
181.
162.
225.
208.
103.
83.
160.

47.
58.
81 .
89.
101.
216.
244.
176.
170.
273.

25.
11.
10.
7.
18.
38.
33.
24.
17.
14.

7.
-1.
39.
22.
26.
-98.
16.
53.
48.
51.

7.
9.
28.
23.
27.
24.
11.
10.
17.
18.

151.
264.
189.
155.
95.
231.
261.
167.
277.
357.

|
737.
1 1079.
| 1276.
1 1629.
I 2120.
I 2245.
I 1865.
I 1965.
i 2160.
I 1818.
i
1
|
831.
I 2381.
| 3551.
I 5495.
I 5049.
I 4578.
I 6117.
I 8828.
110172.

60.
99.
275.
305.
311.
273.
202.
208.
217.
293.

-1.
-3.
0.
1.
1.
-1.
1.
64.
0.
-3.

155.
188.
230.
392.
512.
519.
417.
329.
234.
-30.

204.
264.
224.
257.
409.
563 .
677.
651 .
517.
588.

-2.
84.
119.
104.
72.
130.
139.
176.
105.
225.

48.
142.
-13.
38.
41.
82.
26.
6.
105.
1.

24.
38.
51.
-4.
19.
25.
36.
11.
38.
85.

249.
267.
390.
536.
755.
654.
367.
520.
944.
659.

0.
374.
576.
661.
621.
313.
313.
1221.
1278.

4.
-68.
12.
2.
-2.
-3.
1.
-7.
4.

-124.
-48.
77.
318.
331.
426.
672.
1418.
1528.

473.
730.
1177.
1854.
2509.
2557.
2510.
2942 .
3231.

311.
439.
338.
220.
238.
-56.
521.
315.
636.

-151.
-260.
-122.
-15.
-26.
146.
-176.
-17.
-86.

19.
24.
82.
142.
-32.
-196.
119.
38.
25.

299.
1190.
1411.
2313.
1410.
1391.
2157.
2918.
3556.

"INCREASE

IN

DEBT"

IN

PRECEDING

TABLES

OF

THIS

SECTION.

70

TABLE 724.1A
M A J O R U S E S OF
AMOUNT S I N M I L L I O N S
CAPITAL
YEAR

1
1
1
1

TOTAL

EXPENDI TURES

RESIDENTIAL
CONSTRUCTI ON

PLANT
AND
EQUIPMENT

_
CHANGE
IN
INVENTORIES

1
1
|
1
|

I NCREASE

TOTAL

FUNDS
OF D O L L A R S

IN

FINANCIAL

D E MA N D
DEPOSITS
AND

EQUITY
I N F A RM
CREDIT

__

ASSETS
NONLI FE
INSURANCE
RECEIVABLES

1
1
1
1
1

WI T HDRAWAL

TOTAL

OF

CORPORATE
DIVIDENDS

FUNDS

NONCORPORATE

1946...
1947...
1948...
1949...

2200.
1581.
6004.
3627.

519.
697.
873.
837.

1652.
2644.
3399.
3656.

29.
-1760.
1732.
-866.

1
1
|
I

1857.
1184.
90.
-424.

1800.
1100.
0.
-500.

-40.
-24.
-1.
2.

97.
108 .
91.
74.

I
I
I
I

12494.
14647.
14350.
12333.

18.
43.
47.
45.

12476.
14604.
14303.
12288.

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

5248.
5793.
5190.
3799.
4487.
4347.
3317.
4358.
5196.
4609.

785.
816.
767.
765.
711.
634.
700.
681.
650.
674.

3674.
3738.
3436.
3655.
3190.
3246.
2997.
3143.
3698.
4021.

789.
1239.
987.
-621.
586.
467.
-380.
534.
848.
-86.

1
1
1
I
1
1
|
I
I
I

33.
259.
-13.
-23.
-27.
108.
-121.
-33.
366.
-602.

0.
200.
-100.
-100.
-100.
0.
-200.
-100.
300.
-700.

2.
3.
4.
6.
5.
11 .
13.
11.
10.
16 .

31.
56.
83.
71 .
68.
97.
66 .
56.
56.
82 .

1
|
I
|
1
|
1
i
1
1

12131.
14474.
13808.
12096.
12118.
11907.
12451.
11701.
13145.
13012.

50.
60.
40.
33.
31.
30.
28.
33.
36.
13.

12081.
14414.
13768.
12063.
12087.
11877.
12423.
11668.
13109.
12999.

1960...
196 1 . . .
1962...
1963...
1964...
1965...
1966...
1967...
1968...
1969...

4298.
4467.
5291.
5778.
4617.
6592.
5971.
7361.
6203.
6619.

594.
703.
645.
655.
672.
608.
673.
697.
628.
745.

3426.
3490.
3907.
4332.
4535.
4963.
5458.
5929.
5471.
5737.

288.
274.
739.
791.
-590.
1021.
-160.
735.
104.
137.

1
I
|
I
I
1
1
I
I
1
1

-336.
85.
134.
-40.
392.
280.
207.
363.
579.
536.

-400.
-0 .
100.
-200.
200.
100.
-0.
100.
200.
100.

13.
16.
14.
15.
23.
40.
46.
49.
102.
55.

51.
69.
20.
145.
169.
140.
161 .
214.
277.
381 .

I
|
I
|
I
I
1
I
1
1
I

12747.
13093.
13041.
13651.
12650.
14408.
16165.
12915.
12919.
15680.

42.
39.
50.
121.
45.
67.
55.
46.
52.
51.

12705.
13054.
12991.
13530.
12605.
14341.
16110.
12869.
12867.
15629.

1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...

6922.
8321.
7903.
12847.
9901.
15873.
11819.
16069.
17998.

565.
652.
664.
601.
1158.
930.
1062.
1487.
1760.

6248.
6388.
6629.
8998.
10580.
11401.
12806.
13358.
15184.

109.
1281.
610.
3248.
-1837.
3542.
-2049.
1224.
1054.

I
1
I
1
|
1
I
1
I
1

604.
691.
936.
843.
594.
997.
1494.
1811.
1959.

115.
123.
262.
200.
-160.
70.
5.
85.
100.

51.
70.
90.
160.
206.
236.
224.
247.
271.

438.
498.
584.
483.
548.
691.
1265 .
1479.
1588.

I
|
1
I
1
|
I
I
1
1

14669.
16828.
23163.
36867.
33075.
28090.
30050.
31656.
42222.

29.
54.
75.
96.
135.
173.
207.
223.
265.

14640.
16774.
23088.
*6771.
32940.
27917.
29843.
31433.
41957.

1

1

" C A P I T A L E X P E N D I T U R E S , " " I N C R E A S E I N F I N A N C I A L A S S E T S , " AND " W I T H D R A W A L OF F U N D S " A P P E A R
C A P I T A L FLOWS" ( T A B L E 7 2 1 . 1 ) .
" C A P I T A L E X P E N D I T U R E S " AN D " I N C R E A S E I N F I N A N C I A L A S S E T S "
" C A P I T A L FLOWS" ( T A B L E 7 2 2 . 1 ) .




AS U S E S OF F U N D S I N " I N C O M E
A P P E A R AS U S E S OF F U N D S I N

AND

AGRICULTURAL FINANCE DATABOOK— ANNUAL SERIES

800
810

CAPITAL EXPENDITURES, CONSUMPTION,

AMOUNTS.......................................................................................................................................... 72
CHANGE FROM PREVIOUS YEAR............................................................................................... 73
PERCENTAGE CHANGE FROM PREVIOUS YEAR................................................................... 7 A
PERCENTAGE D IS T R I B U T IO N ..................................................................................................... 75

CAPITAL CONSUMPTION ALLOWANCES
820.1
820.2
820.3
820.A

830

AND NET INVESTMENT, 1910-DATE

CAPITAL EXPENDITURES
810.1
810.2
810.3
810.A

820

NOVEMBER 1979

AMOUNTS.......................................................................................................................................... 76
CHANGE FROM PREVIOUS YEAR....................................................................................... . . . 7 7
PERCENTAGE CHANGE FROM PREVIOUS YEAR.................................................................... 78
PERCENTAGE D IS T R I B U T IO N .....................................................................................................79

CAPITAL NET INVESTMENT
830.1

AMOUNTS........................................................................................................................................... 80

E C O N O M IC S ^ S T A T IS T IC S ^ A N D COOPERATIVES SERVICE,
U . S . DEPARTMENT OF AGRICULTURE.




71

72

TABLE 810.1

CAPITAL EXPENDITURES
AMOUNTS IN MILLIONS OF DOLLARS

1 9 1 0 ....
1 9 1 1 ....
1912-------1 9 1 3 ....
1 9 1 4 ....
1915. . . .
1916-------1917-------1 9 1 8 ....
1 9 1 9 ....

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

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

YEAR

TOTAL

BUILDINGS AND LAND IMPROVEMENTS!
1
OPERATORS*
DWELLINGS
OTHER
TOTAL
I

TOTAL
_ _

1
I
1

MOTOR VEHICLES
TOTAL

TRACTORS

TRUCKS

AUTQS

1
1
I

OTHER

111.
105.
114.
114.
114.
109.
154.
199.
203.
273.

125.
120.
130.
130.
130.
120.
170.
250.
275.
380.

295.
305.
316.
308.
336.
381.
396.
466 .
479.
624.

36.
48.
62 .
56.
87.
141.
165.
245.
267.
421.

5.
8.
15.
11.
23 .
32.
36.
61 .
147.
203.

3.
3.
6.
5.
9.
15.
18.
22 .
19.
31.

28.
37.
41 .
40.
55.
94.
111.
162.
101.
187.

259.
257.
254.
252.
249.
240.
231.
221.
212.
203.

266.
98.
119.
142.
133.
141.
137.
160.
156.
147.

300.
125.
150.
175.
165.
170.
160.
195.
175.
160.

833.
325.
363.
485.
431.
532.
568.
529.
585.
659.

375.
162.
213.
275.
262.
309.
315.
282.
322.
380.

171.
66.
64.
79.
74.
91.
104.
119.
101.
142.

67.
47 .
47 .
43 .
6 8.
7 3.
82 .
78.
88 .
86.

137.
49 .
102.
153.
120.
145.
129.
85.
133.
152.

458.
163.
150.
210.
169.
223.
253.
247.
263 .
279.

193.
97.
37.
57.
70.
135.
169.
237.
218.
270.

107.
59.
24.
29.
32.
56.
66.
96.
83.
110.

96.
38.
13.
28.
38.
79.
103.
141.
135.
160.

524.
311.
157.
140.
317.
448.
617.
710.
513.
561.

288.
208.
118.
103.
241.
287.
401.
429.
276.
346.

115.
53.
22.
22.
59.
117.
167.
223.
152.
151.

54.
39.
25.
38 .
50.
73.
9 2.
92.
54.
73.

119.
116.
71.
43.
132.
97.
142.
114.
70.
122.

236.
103.
39.
37.
76.
161.
216.
281.
237.
215.

304.
330.
343.
378.
458.
487.
1161.
1434.
1640.
1570.

139.
147.
126.
109.
111.
125.
409.
554.
702.
683.

165.
183.
217.
269.
347.
362.
752.
880.
938.
887.

625.
933.
953.
656.
1203.
1198.
1034.
1994.
2844.
3154.

384.
575.
410.
301.
498.
445.
561.
1106.
1503.
1790.

197.
295.
285.
155.
340.
276.
241.
449.
661 .
766.

81.
116.
103.
121.
126.
9 4.
216.
46 3.
535.
540.

106.
164.
22.
25.
32.
75.
104.
194.
307.
484.

241.
358.
543.
355 .
705.
753 .
473 .
888.
1341.
1364.

1522.
1599.
1614.
1527.
1425.
1385.
1392.
1411.
1355.
1654.

642.
665.
665.
619.
572532.
529.
537.
514.
539.

880.
934.
949.
908.
853.
853.
863.
874.
841.
1115.

3152.
3321.
2966.
3201.
2739.
2760.
2406.
2512.
3150.
3414.

1734.
1772.
1420.
1803.
1449.
1482.
1245.
1377.
1606.
1686.

769.
807.
755.
722.
570.
689.
525.
522.
67 7.
797.

502.
450.
349.
378.
37 7.
30 9.
325.
37 1.
381 .
425.

463.
515.
316.
703.
502.
484.
395.
484.
548.
464.

1418.
1549.
1546.
1398.
1290.
1278.
1161.
1135.
1544.
1728.

4488.
4614.
5022.
5411.
5688.
6105.
6688.
7446.
6696•
6865.

1686.
1748.
1832.
1886.
1918.
1926.
2077.
2314.
2146.
2340.

485.
592.
549.
565.
587.
539.
593.
612.
548.
651.

1201.
1156.
1283.
1321.
1331.
1387.
1484.
1702.
1598.
1689.

28.02.
2866.
3190.
3525.
3770.
4179.
4611.
5132.
4550.
4525.

1344.
1413.
165Q.
1746.
1868.
1940.
2113.
2129.
2060.
2003.

494.
579.
687.
786.
849.
986.
1209.
1168.
1168.
1073.

430 .
472 .
514.
543.
586.
529 .
511.
576.
535.
567.

420.
362.
449.
417.
433.
425.
393.
385.
357.
363.

1458.
1453.
1540.
1779.
1902.
22 39.
2498.
3003.
2490.
2522.

7285.
7357.
8045 .
10709.
12590.
13337.
15028.
16119.
18187.
20550.

2367.
2484.
2350.
3062.
4395.
4684.
503L.
5657.
6199.
6850.

492.
568.
565.
537.
1146.
953.
1060.
1433.
1672.
******

1875.
1916.
1785.
2525.
3249.
3731.
3971.
4224.
4527.
******

4918.
4873.
5695.
7647.
8195.
8653.
9997.
10462.
11988.
13700.

2030.
2137.
2464.
3066.
3405.
3833.
4604.
4927.
5580.
6300.

1123.
1188.
1418.
1923.
2236.
2460.
2648.
27 7 6.
3282.
******

597.
63 0.
6 72 .
733 .
864.
1083.
1547.
1655.
1829.
******

310.
319.
374.
410.
305.
290.
409.
496.
469.

2888.
2736.
3231.
4581.
4790.
4820.
5393.
5535.
6408.
7400.

531.
530.
560.
552.
580.
610.
720.
915.
957.
1277.

236.
225.
244.
244.
244.
229.
324.
449.
478.
653.

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

1399.
548.
63 2.
802.
729.
843.
865.
884.
916.
966.

566.
223.
269.
317.
2 98.
311.
297.
355.
331.
307.

1930. . . . .1
1 9 3 1 . . . . .1
1 9 3 2 . . . . .1
1 9 3 3 . . . . .|
1 9 3 4 . . . . .1
1 9 3 5 . . . . .1
1 9 3 6 .... 1
1 9 3 7 . . . . .1
1 9 3 8 . . . . , .1
1 9 3 9 . . . . , .1
t
1 9 4 0 . . . . .1
1 9 4 1 . . . . . .1
1 9 4 2 ....,. 1
1 9 4 3 . . . . .1
1 9 4 4 . . . . , .1
1 9 4 5 . . . . .1
1 9 4 6 . . . . .1
1 9 4 7 . . . . .1
1 9 4 8 . . . . .1
1 9 4 9 . . . . .1
1
1 9 5 0 . . . . .1
1 9 5 1 . . . . .|
1 9 5 2 . . . . .1
1 9 5 3 . . . . .1
1 9 5 4 . . . . .1
1 9 5 5 . . . . .1
1 9 5 6 . . . . .1
1 9 5 7 . . . . .1
1 9 5 8 . . . . .1
1 9 5 9 . . . . .1
1
I 9 6 0 . . . . .1
1 9 6 1 . . . . .1
1 9 6 2 ....,. I
1 9 6 3 . . . . .1
1 9 6 4 . . . . .1
1 9 6 5 . . . . .1
1 9 6 6 .... . |
1 9 6 7 . . . . .1
1 9 6 8 . . . . .1
1 9 6 9 . . . . , .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 9 7 7 . . . . .1
1 9 7 8 . . . . .1
1 9 7 9 . . . . . .1

717.
408 .
194.
197.
387.
583.
786.
947.
731.
831.
929.
1263.
1296.
1034.
1661.
1685.
2195.
3428.
448 4.
4724.




MACHINERY

4674*
4920.
4580.
4728.
4164.
4145.
3798.
3923.
450 5.
5068.

J__________

'

'

TABLE 810.2

1
1
1
1
1
1

YEAR

1911. -------- |
1912.
1913.
1914.
1915. —
i
1916.
1917. —
j
1918.
1919.
1920.
1921.
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.

—

j

—
—
—

i
i
i

1930.
1931. —
1932.
1933.
1934.
1935. —
1936.
1937.
1938.
1939.
1940.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
1948.
1949.

73

CAPITAL EXPENDITURES
CHANGE FROM PREVIOUS YEAR IN MILLIONS OF DOLLARS

i

i

i
1

—
—

i
j

—
—

j
i
1
1

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

TOTAL

i BUILDINGS AND LAND IMPROVEMENTS!
i.
|
OPERATORS'
TOTAL
DWELLINGS
OTHER
|
1

MACHINERY
MOTOR VEHICLES

1

TOTAL

1
1

1
1

|
1

TOTAL

TRACTORS

TRUCKS

AUTOS

OTHER

1

-1 .
30.
-8 .
28.
30.
110.
195.
4 2.
320.

1
|
|
|
|
|
|
|
|

-1 1 .
19.
0.
0.
-1 5 .
95.
125.
29.
175.

-6 .
9.
0.
0.
-5 .
45.
45.
4.
70.

-5 .
10.
0.
o.
-10.
50.
80.
25.
105.

|
|
1
1
|
I
|
1
|

10.
11.
-8 .
28.
45.
15.
70.
13.
145.

12.
14.
-6.
31.
54.
24.
80.
22.
154.

3.
7.
-4 .
12.
9.
4.
25.
86.
56.

0.
3.
-1 .
4.
6.
3.
4.
-3 .
12.

9.
4.
-1 .
15.
39 .
17.
51.
-61.
86.

-2 .
-3 .
-2 .
-3 .
-9 .
-9 .
-1 0 .
-9 .
-9 .

122.
-8 51 .
84.
170.
-7 3 .
114.
22.
19.
32 .
50.

1
|
|
|
|
|
1
|
|
|

-8 7.
-343 .
46.
48.
-19.
13.
-1 4 .
58.
-2 4.
-2 4 .

-7 .
-168.
21.
23.
-9 .
8.
-4 .
23.
-4 .
-9 .

-80.
-1 75 .
25.
25.
-1 0 .
5.
-10.
35.
-2 0 .
-1 5.

|
|
|
|
1
1
|
|
|
|

209.
-508.
38.
122.
-5 4.
101.
36.
-3 9.
56.
74.

-4 6.
-213.
51.
62.
-1 3 .
47.
6.
-3 3.
40.
58.

-3 2.
-105 .
-2 .
15.
-5 .
17.
13.
15.
-1 8 .
41.

36.
-2 0 .
0.
-4 .
25.
5.
9.
-4 .
10.
-2 .

-5 0.
-88.
53.
51.
-3 3 .
25.
-1 6.
-4 4.
48.
19.

255.
-2 9 5 .
-1 3 .
60.
-4 1 .
54.
30.
-6 .
16.
16.

-249.
-3 09 .
-2 14.
3.
190.
196.
203.
161.
-2 16.
100.

-1 14.
-9 6 .
-6 0.
20.
13.
65 .
34.
68.
-1 9.
52.

-40.
-4 8.
-3 5.
5.
3.
24.
10.
30.
-13.
27.

-7 4.
-4 8.
-25.
15.
10.
41.
24.
38.
-6 .
25.

|
|
|
|
|
|
|
I
|
|

-135.
-213.
-154 .
-17.
177.
131.
169.
93.
-1 97 .
48.

-9 2 .
-8 0 .
-9 0.
-1 5 .
138.
46.
114.
28.
-1 53 .
70.

-2 7.
-6 2.
-3 1 .
0.
37.
58.
50.
56.
-7 1.
-1 .

-3 2 .
-1 5 .
-1 4 .
13.
12.
23.
19.
0.
-3 8.
19.

-3 3 .
-3 .
-45.
-28.
89.
-3 5 .
45.
-2 8 .
-4 4 .
52.

-4 3 .
-1 3 3 .
-6 4 .
-2 .
39.
85.
55.
65 .
-4 4 .
-2 2 .

98.
334.
33.
-2 6 2 .
627.
24 .
510.
1233.
1056.
240.

|
|
|
i
|
|
|
1
|
|
l
1
|
|
|
|
|
|
|
|
|
|

34.
26.
13.
35.
80.
29.
674.
273.
206.
-7 0 .

29.
8.
-21.
-17.
2.
14.
284.
145.
148.
-1 9.

5.
18.
34.
52.
78.
15.
390.
128.
58.
-5 1 .

1
1
|
|
|
|
|
|
|
|

64.
308.
20.
-2 97 .
547.
-5 .
-164.
960.
850.
310.

38.
191.
-165 .
-109.
197.
-53.
116.
545.
397.
2 87.

46.
98.
-1 0 .
-130.
185.
-6 4 .
-35.
208.
212.
105.

8.
35.
-1 3 .
18.
5.
-3 2 .
122.
24 7.
72 .
5.

-1 6.
58.
-1 42.
3.
7.
43.
29.
90.
113.
177.

26.
117.
185.
-1 88 .
350.
48 .
-2 8 0 .
4 15 .
453.
23.

-5 0.
246.
-3 40 .
148.
-5 64 .
-1 9 .
-3 47 .
125.
562.
563.

|
|
|
|
|
|
|
|
|
|

-48.
77.
15.
-8 7 .
-1 02.
-4 0.
7.
19.
-5 6.
299.

-4 1.
23.
0.
-4 6.
-4 7.
-4 0.
-3 .
8.
-2 3.
25.

-7 .
54.
15.
-4 1.
-5 5 .
0.
10.
11.
-3 3 .
274.

|
|
|
|
1
1
i
1
|
1

-2 .
169.
-3 55 .
235.
-4 62 .
21.
-3 54 .
106.
638.
264.

-56.
38.
-352.
383.
-3 54.
33.
-237.
132.
229.
80 .

3.
38.
-5 2 .
-3 3 .
-1 52 .
119.
-1 64 .
-3 .
155.
120.

-3 8 .
-5 2 .
-1 01 .
2 9.
-1 .
-6 8 .
16.
46 .
10.
44 .

-2 1.
52.
-1 99 ;
387.
-2 01.
-1 8.
-8 9 .
89.
64.
-8 4.

54.
131.
-3 .
-1 4 8 .
-1 08 .
-1 2 .
-1 17 .
-2 6 .
4 09 .
184.

-5 60 .
126.
408.
389 .
277.
417.
583.
758.
-7 5 0 .
169.

|
|
|
|
|
|
|
|
|
|
i
1
1
f
|
1
|
1
1
1
|

32 .
6 2.
84.
54.
32.
8.
151.
237.
-168.
194.

-5 4.
107.
-4 3 .
16.
22.
-48.
54.
19.
-6 4.
103.

86.
-4 5.
127.
38 .
10.
56.
97.
218.
-1 04 .
91 .

|
|
|
|
|
|
|
|
|
|

-6 12 .
64.
324.
335.
245.
409.
432.
521*
-582.
-2 5 .

-3 42.
6 9.
237.
96.
122.
72.
173.
16.
-6 9.
-5 7.

-303.
85.
108.
99.
63.
137.
223.
-4 1 .
0.
-9 5 .

5.
4 2.
4 2.
29.
43.
-5 7 .
-1 8 .
65.
-4 1 .
3 2.

-4 4.
-5 8 .
8 7.
-3 2 .
16.
-8 .
-3 2 .
-8 *
-2 8 .
6.

-2 70 .
-5 .
87 .
239.
123.
33 7.
259.
50 5.
-5 13 .
32.

27.
117.
-1 34 .
712.
1333.
289.
347.
626.
542.
651 .

-159.
76.
-3 .
-2 8.
60 9.
-1 93 .
107.
37 3.
239 .
******

186.
41.
-1 31 .
740.
724.
482 .
240 .
253.
303.
******

|
|
|
|
|
1
1
|
|
{

393.
-45.
822.
1952.
548.
458.
1544.
465 .
1526.
1712*

27.
107.
327.
602.
339.
428.
771.
323.
653.
720.

50.
65 .
230.
505.
313.
224.
188.
128.
506.
******

30 .
33 .
42.
6 1.
131.
219.
4 64 .
108.
174.
******

-53.
9.
55.
3 6.
-1 05 .
-1 5.
119.
87.
-2 7,
******

36 6.
-1 52 .
49 5.
1350.
209 .
30.
573.
142.
873.
9 92 .

1

1

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

—
—

i
i

—

i

—

i

—

i

1
1

1970.
1971. —
j
19 T2.
1973*
1974.
1975.
1976.
1977.
1978.
1979.
_____ i—




420.
7 2.
688.
2664.
1881.
747.
1691.
1091.
2068.
2363.

1

74
TABLE

8 1 0 .3

CAPITAL EXPENDITURES
PERCENTAGE CHANGE FROM PREVIOUS YEAR
* •

1 BUILDINGS AND LAND IMPROVEMENTS
|
OPERATORS'
1
DWELLINGS
OTHER
1 TOTAL

1
|
|
1

TOTAL

1 9 1 1 .... 1
1 9 1 2 .... |
1 9 1 3 .... 1
1914 . . . • 1
1 9 1 5 . . . . .1
1 91 6 .... I
1 9 1 7 . . . . .1
1 9 1 8 .... |
1 9 1 9 . . . . .1

-0 .2
5. 7
-1 .4
5.1
5.2
18.0
27.1
4 .6
3 3 .4

0.0

0.0

0.0
0.0

-6 .1
4 1 .5
3 8.6
6 .5
3 6. 6

-4 .4
4 1. 3
29.2
2.0
3 4. 5

.j
J
1
1
.1
.i
.1
.1
>1
.1

9.6
-6 0.8
15.3
2 6.9
-9 .1
15.6
2 .6
2 .2
3 .6
5.5

-1 3.3
-6 0 .6
2 0.6
17.8
-6 .0
4.4
-4 .5
1 9.5
-6 .8
-7 .3

1 9 3 0 . . . . .1
1931 . . . . I
1 9 3 2 . . . . .1
1 9 3 3 .... 1
1 9 3 4 . . . . .1
1 9 3 5 .... I
1 9 3 6 .... I
1 9 3 7 . . . . . .1
1 9 3 8 . . . . . .1
1939. . . . . .1
I
1 9 4 0 . . . . . >|
1941 . . . . . . I
1 9 4 2 . . . . , .1
1943.......... . 1
1 9 4 4 ...... I
1945.......... .1
1 9 4 6 . . . . , .1
1 9 4 7 . . . . . .1
1948 ...........1
1 9 4 9 . . . . , .1
i
1
1 9 5 0 . . . . , .|
1951.......... , 1
1 9 5 2 . . . . . .1
1 9 5 3 . . . . . .1
1 9 5 4 . . . . . .1
1955.......... .1
1956........... I
1 9 5 7 . . . . . .1
1958.......... .1
1959.......... .1
j
1960.......... >|
1961.......... .1
1962...........1
1963.......... .1
1964...........1
1965.......... >|
1966.......... >|
1967.......... .1
1968.......... >|
1969.......... .1
1
1970.......... ,|
1971.......... .1
1972 .......... >|
1973.......... ,1
197 4 ...........1
1975 .......... .1
1976.......... . [
1977.......... .1
1 9 7 8 . . . . . .1
1 9 7 9 . . . . . .1

-2 5 .8
-4 3.1
-5 2 .5
1.5
9 6 .4
50 .6
3 4. 8
20.5
-2 2 .8
1 3.7

YEAR

1 9 2 0 ....
1921 . . . .
1 9 2 2 ....
1 9 2 3 ....
1 9 2 4 ....
1 9 2 5 ....
1 9 2 6 ....
1 9 2 7 ....
1 9 2 8 ....
1929. . . .




1
1
1
1

MACHINERY
TOTAL

1I
|1

MOTOR VEHICLES

6 0 .0
87 .5
-2 6 .7
109.1
3 9.1
12.5
6 9 .4
141.0
38. 1

-7 .7
4 1 .7
47 .1
10.0
3 8.2

3.4
3 .6
-2 .5
9. 1
1 3.4
3 .9
17.7
2.8
30.3

33.3
29.2
-9 .7
55 .4
62.1
17.0
4 8.5
9 .0
57.7

-2 .6
-6 3 .2
2 1 .4
19 .3
-6 .3
6.0
-2 .8
16.8
-2 .5
-5 .8

-2 1.1
-5 8 .3
20 .0
16.7
-5 .7
3 .0
-5 .9
2 1 .9
-1 0 .3
-8 .6

3 3.5
-6 1 .0
11.7
3 3 .6
-1 1 .1
2 3. 4
6 .8
-6 .9
10.6
1 2. 6

-1 0.9
-5 6.8
31.5
29.1
-4 .7
17.9
1.9
-1 0 .5
14.2
18.0

-1 5 .8
-6 1 .4
-3 .0
2 3 .4
-6 .3
2 3 .0
14.3
1 4.4
-1 5 .1
4 0 .6

116.1
-2 9 .9

-3 7.1
-4 9 .7
-6 1 .9
54. 1
22 .8
9 2. 9
25 .2
4 0 .2
-8 .0
2 3 .9

-2 7 .2
-4 4 .9
-5 9 .3
2 0. 8
10.3
75 .0
1 7.9
4 5 .5
-1 3 .5
3 2 .5

-4 6 .2
-5 5 .8
-6 5 .8
115.4
3 5. 7
107.9
3 0 .4
3 6. 9
-4 .3
18.5

-2 0 .5
-4 0 .6
-4 9.5
-1 0 .8
12 6.4
4 1 .3
3 7. 7
15.1
-2 7 .7
9.4

-2 4.2
-2 7.8
-4 3.3
-1 2.7
134.0
19.1
3 9.7
7. 0
-3 5 .7
2 5.4

-1 9 .0
-5 3 .9
-5 8 .5
168.2
9 8. 3
4 2. 7
3 3. 5
-3 1 .8
-0 .7

-3 7.2
-2 7 .8
-3 5 .9
5 2.0
31 .6
4 6 .0
2 6. 0

11*8
3 6.0
2 .6
-2 0 .2
60.6
1. 4
30 .3
56.2
3 0. 8
5 .4

12.6
8 .6
3 .9
10.2
2 1.2
6.3
138.4
2 3 .5
1 4 .4
-4 .3

2 6. 4
5 .8
-1 4 .3
-1 3 .5
1 .8
1 2.6
227.2
35 .5
2 6.7
-2 .7

3.1
10 .9
18.6
2 4 .0
2 9. 0
4 .3
107.7
17.0
6 .6
-5 .4

1 1. 4
4 9 .3
2. 1
-3 1.2
8 3 .4
-0 .4
-1 3 .7
9 2 .8
4 2 .6
10 .9

11.0
4 9. 7
-2 8 .7
-2 6.6
6 5 .4
-1 0 .6
26.1
97.1
35 .9
19.1

-1 .1
5. 3
-6 .9
3 .2
-1 1 .9
-0 .5
-8 .4
3.3
14.8
12.5

-3 .1
5.1
0 .9
-5 .4
-6 .7
-2 .8
0 .5
1 .4
-4 .0
22.1

-6 .0
3 .6
-6 .9
-7 .6
-7 .0
-0 .6
1.5
-4 .3
4.9

-0 .8
6 .1
1 .6
-4 .3
-6 .1
1. 2
1.3
-3 .8
3 2. 6

-0 .1
5 .4
-1 0 .7
7 .9
-1 4 .4
0 .8
-1 2 .8
4 .4
2 5 .4
8.4

-1 1 .4
2.8
8.8
7.7
5.1
7.3
9. 5
11.3
-1 0 .1
2 .5

1 .9
3 .7
4.8
2.9
1.7
0.4
7 .8
11 .4
-7 .3
9 .0

-1 0 .0
22.1
-7 .3
2.9
3 .9
-8 .2
1 0.0
3 .2
-1 0 .5
18.8

7 .7
-3 .7
1 1. 0
3 .0
0 .8
4 .2
7. 0
1 4.7
-6 . 1
5 .7

6. 1

1.2
4 .9
-5 .4
30.3
4 3 .5
6 .6
7.4
1 2.4
9.6
10.5

-2 4 .4
1 5. 4
-0 .5
-5 .0
11 3.4
t- 1 6 . 8
11.2
3 5.2
16 .7
*****

1 1.0
2 .2
-6 .8
4 1 .5
28 .7
14.8
6 .4
6.4
7 .2
*****

1.0

9 .4
3 3.1
17.6
5 .9
12.7
7 .3
12.8
13.0

J__________

-4 .7
8.4
0.0

-5 .4
8 .6
0 .0

0.0

-4 .0
8 .3

0.0

1
1

OTHER

J__ IQIAL____I&AfcIQRS____I&UL&5_____ AUIOS___L
3 2 .1
1 0.8
-2 .4
3 7 .5
7 0.9
18.1
4 5 .9
-3 7 .7
85 .1

-0 .8
-1 .2
-0 .8
-1 .2
-3 .6
-3 .7
-4 .3
-4 .1
-4 .2

-2 6 .7
-6 4 .2
108.2
5 0 .0
-2 1 .6
2 0 .8
-1 1 .0
-3 4 .1
5 6. 5
14.3

12 5 .6
-6 4 .4
-8 .0
4 0 .0
-1 9 .5
32.0
1 3.5
-2 .4
6 .5
6.1

-4 1 .3
35 .2

-2 1 .7
-2 .5
-3 8 .8
-3 9 .4
2 07 .0
-2 6 .5
4 6 .4
-1 9 .7
-3 8 .6
7 4 .3

-1 5 .4
-5 6 .4
-6 2 .1
-5 .1
10 5.4
111.8
3 4 .2
30.1
-1 5 .7
-9 .3

3 0. 5
4 9 .7
-3 .4
-4 5 .6
11 9.4
-18. 8
-1 2 .7
8 6.3
4 7 .2
15.9

11.0
4 3. 2
-1 1 .2
17.5
4 .1
-2 5 .4
129.8
11 4.4
15 .6
0 .9

-1 3.1
5 4 .7
-8 6 .6
1 3.6
2 8 .0
134.4
3 8. 7
8 6. 5
5 8. 2
5 7 .7

12.1
4 8 .5
5 1. 7
-3 4 .6
9 8 .6
6.8
-3 7 .2
8 7 .7
5 1. 0
1 .7

-3 .1
2.2
-1 9.9
27.0
-1 9 .6
2.3
-1 6.0
10.6
16.6
5.0

0 .4
4.9
-6 .4
-4 .4
-2 1 .1
2 0 .9
-2 3 .8
-0 .6
29 .7
17.7

-7 .0
-1 0 .4
-2 2 .4
8.3
-0 .3
-1 8 .0
5.2
14.2
2 .7
11.5

-4 .3
1 1.2
-3 8 .6
12 2.5
-2 8 .6
-3 .6
-1 8 .4
2 2. 5
13.2
-1 5 .3

4.0
9.2
-0 .2
-9 .6
-7 .7
-0 .9
-9 .2
-2 .2
3 6 .0
11 .9

-1 7 .9
2 .3
11.3
10.5
7.0
10.8
10.3
11.3
-1 1 .3
-0 .5

-2 0 .3
5.1
16.8
5*8
7 .0
3 .9
8 .9
0.8
-3 .2
-2 .8

-3 8 .0
17.2
1 8.7
14.4
8 .0
16. 1
2 2 .6
-3 .4
-8 . 1

1.2
9.8
8 .9
5.6
7.9
-9 .7
-3 .4
12.7
-7 .1
6 .0

-9 .5
-1 3 .8
2 4 .0
-7 .1
3 .8
-1 .8
-7 .5
-2 .0
-7 .3
1.7

-1 5 .6
-0 .3
6.0
15.5
6.9
17.7
1 1. 6
2 0 .2
-1 7 .1
1 .3

8 .7
-0 .9
16 .9
34.3
7 .2
5 .6
15.5
4 .7
14.6
14.3

1.3
5.3
15.3
2 4. 4
11.1
12.6
20.1
7 .0
13.3
1 2.9

4. 7
5 .8
1 9.4
3 5 .6
16.3
1 0. 0
7.6
4.8
18.2
*****

5.3
5.5
6 .7
9.1
17.9
25.3
4 2. 8
7 .0
10 .5
*****

-1 4 .6
2 .9
17.2
9.6
-2 5 .6
-4 .9
4 1 .0
2 1 .3
-5 .4
*****

1 4. 5
-5 .3
18.1
4 1 .8
4.6
0.6
11.9
2 .6
15.8
15.5

0.0

0 .0

0.0

100.0
-1 6 .7
80.0
6 6.7
2 0. 0
22.2
-1 3 .6
6 3. 2

0.0

-8 .5
58.1
7 .4
12.3
-4 .9
12.8
-2 .3

0.0

75

TABLE 810.4

YEAR

CAPITAL EXPENDITURES
PERCENTAGE OF TOTAL
1
1
1
1
|
1

BUILDINGS AND LAND IMPROVEMENTS
TOTAL

TOTAL

OPERATORS*
DWELLINGS

1

OTHER

MACHINERY
TOTAL
_

1
1
,1

MOTOR VEHICLES
TOTAL

TRACTORS____ TRUCKS___

AUTOS

1
I
1

OTHER

1910....
1911....
19 12....
1913....
1914....
1915....
1916....
1917....
1918....
1919....

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

|
|
|
1
|
|
1
|
I
|

44.4
42.5
43.6
44.2
42.1
37.5
45.0
49.1
49.9
51.1

20.9
19.8
20.4
20.7
19.7
17.9
21.4
21.7
21.2
21.4

23.5
22.6
23.2
23.6
22.4
19.7
23.6
27.3
28.7
29.8

55.6
57.5
56.4
55.8
57.6
62.5
55.0
50.9
50.1
48.9

6.8
9.1
11.1
10.1
15.0
23.1
22.9
26.8
27*9
33.0

0.9
1.5
2.7
2.0
4.0
5.2
5.0
6.7
15.4
15.9

0.6
0.6
1.1
0.9
1.6
2.5
2.5
2.4
2.0
2.4

5.3
7.0
7.3
7.2
9.5
15.4
15.4
17.7
10.6
14.6

48.8
48.5
45.4
45.7
42.9
39.3
32.1
24.2
22.2
15.9

19 20....
1921....
1922....
1923....
1924....
1925....
1 9 26....
1927....
19 28....
1929....

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

|
|
I
|
|
|
I
|
I
|

40.5
40.7
42.6
39.5
40.9
36.9
34.3
40.2
36.1
31.8

19.0
17.9
18.8
17.7
18.2
16.7
15.8
18.1
17.0
15.2

21.4
22.8
23.7
21.8
22.6
20.2
18.5
22.1
19.1
16.6

59.5
59.3
57.4
60.5
59.1
63.1
65.7
59.8
63.9
68.2

26.8
29.6
33.7
34.3
35.9
36.7.
36.4
31.9
35.2
39.3

12.2
12.0
10.1
9.9
10.2
10.8
12.0
13.5
if.6
14.7

4.8
8.6
7.4
5.4
9.3
8.7
9.5
8.8
9.6
8.9

9.8
8.9
16.1
19.1
16.5
17.2
14.9
9.6
14.5
15.7

32.7
29.7
23.7
26.2
23.2
26.5
29.2
27.9
28.7
28.9

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
loo.ft

|
|
I
|
|
I
I
|
1
l

26.9
23.8
19.1
28.9
18.1
23.2
21.5
25.0
29.8
32.5

14.9
14.5
12.4
14.7
8.3
9.6
8.4
10.1
11.4
13.2

12.0
9.3
6.7
14.2 •
9.8
13.6
13.1
14.9
18.5
19.3

73.1
76.2
80.9
71.1
81.6
76.8
78.5
75.0
7 0 . 2_
67.5

40.2
51.0
60.8
52.3
62.3
49.2
51.0
45.3
37.8
41.6

16.0
13.0
11.3
11.2
15.2
20.1
21.2
23.5
20.8
18.2

7.5
9.6
12.9
19.3
12.9
12.5
11.7
9.7
7.4
8c8

16.6
28.4
36.6
21.8
34.1
16.6
18.1
12.0
9.6
14.7

32.9
25.2
20.1
18.8
19.6
27.6
27.5
29.7
32.4
25.9

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

|
I
I
|
I
|
I
|
I
|

32.7
26.1
26.5
36.6
27.6
28.9
52.9
41.8
36.6
33.2

15.0
11.6
9.7
10.5
6« 7
7.4
18.6
16.2
15.7
14.5

17.8
14.5
16.7
26.0
20.9
21.5
34.3
25.7
20.9
18.8

67.3 ‘
73.9
73.5
63.4
72.4
71.1
47.1
58.2
63.4
66. 8

41.3
45.5
31.6
29.1
30.0
26.4
25.6
32.3
33.5
37.9

21.2
23.4
22.0
15.0
20.5
16.4
11.0
13.1
14.7
16.2

8.7
9.2
7.9
11.7
7.6
5.6
9.8
13.5
11.9
11.4

11.4
13.0
1.7
2.4
1.9
4.5
4.7
5.7
6.8
10.2

25.9
28.3
41.9
34.3
42.4
44.7
21.5
25.9
29.9
28.9

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

I
I
I
I
I
|
I
|
I
1
1
f
I
I
I
|
I
|
|
j
i

32.6
32.5
35.2
32.3
34.2
33.4
36.7
36.0
30.1
37.6

13.7
13.5
14.5
13.1
13.7
12.8
13.9
13.7
11.4
10.6

18.8
19.0
20.7
19.2
20.5
20.6
22.7
22.3
18.7
22.0

67.4
67.5
64 .8 '
67.7
65.8
66.6
63.3
64.0
69.9
67.4

37.1
36.0
31.0
38.1
34.6
35.8
32.8
35.1
35.6
33.3

16.5
16.4
16.5
15.3
13.7
16.6
13.8
13.3
15.0
15.7

10.7
9.1
7.6
8.0
9.1
7.5
8.6
9.5
8.5
8.4

9.9
1 0 .5 6.9
14.9
12.1
11.7
10.4
12.3
12.2
9.2

30.3
31.5
33.8
29.6
31.0
30.8
30.6
28.9
34.3
34.1

37.6
37.9
36.5
34.9
33.7
31.5
31.1
31.1
32.0
34.1

10.8
12.8
10.9
10.4
10.3
8.8
8.9
8.2
8.2
9.5

26.8
25.1
25.5
24.4
23.4
22.7
22.2
22.9
23.9
24.6

62.4
62.1
63.5
65.1
66.3
68.5
68.9
68.9
68 .0
65.9

29.9
30.6
32.9
32.3
32.8
31.8
31.6
28.6
30.8
29.2

11.0
12.5
13.7
14.5
14.9
16.2
18.1
15.7
17.4
15.6

9.6
10.2
10.2
10.0
10.3
8.7
7.6
7.7
8.0
8.3

9.4
7.8
8.9
7.7
7.6
7.0
5.9
5.2
5.3
5.3

32.5
31.5
30.7
32.9
33.4
36.7
37.4
40.3
37.2
36.7

32.5
33.8
29.2
28.6
34.9
35.1
33.5
35.1
34.1
33.3

6.8
7.7
7.0
5.0
9.1
7.1
7.1
8.9
9 .2

25.7
26.0
22.2
23.6
25.8
28.0
26.4
26.2
24.9
*****

67.5
66.2
70.8
71.4
65.1
64.9
66.5
64.9
65.9
66.7

27.9
29.0
30.6
28.6
27.0
28.7
30.6
30.6
30.7
30.7

15.4
16.1
17.6
18.0
17.8
18;4
17.6
17.2
18.0
*****

8.2
8 .6
8.4
6.8
6.9
8.1
10.3
10.3
10.1
*****

4.3
4.3
4. 6
3.8
2.4
2.2
2.7
3.1
2. 6

39.6
37.2
40*2
42.8
38.0
36.4
35 .9
34.3'
35*2,
34.0

1930....
1931....
19 32....
1 9 33....
1934....
1935....
1 9 36....
1 9 37....
1 9 38....
19 39....
19 40....
1 9 41....
1 9 42....
1 9 43....
1944....
1 9 45....
1946....
1 9 47....
19 48....
1 9 4 9....
1 9 50....
1 9 5 1....
1 9 5 2....
1953....
19 54....
19 55....
1 9 56....
19 57....
1958....
19 59....
I9 6 0 ....
19 61....
19 62....
1 9 63....
19 64....
1965....
1 9 66....
19 67....
1 9 68....
19 69....

1

1
1

1
1

ft
1

1970....
19 71....
1 9 7 2 ? .. .
1 9 73....
19 74....
1975....
19 76....
1977....* • 1
1 9 7 8 . . . . .1
1 9 79....

-JU




100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
ioo. o
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100-0.
100.0
100.0

I
1
I
1
|
|
|
|
I

*****

4* * * *

76

TABLE

8 2 0 .1
C A P I T A L C O N S U M P T IO N A LLO W AN CES
( D E P R E C I A T IO N A LLO W A N C E S ANO A C C ID E N T A L
AMOUNTS

YEAR

1
1
1
1

1 9 1 0 ....
1 9 1 1 ....
1 9 1 2 ....
1 9 1 3 ....
1 9 1 4 ....
1 9 1 5 ....
1 9 1 6 ....
191T . . . •
1 9 1 8 ....
1 9 1 9 ....

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

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

TOTAL

1 BUILDINGS AND LANO IMPROVEMENTS!
1
OPERATORS*
1
DWELLINGS
OTHER
1
TOTAL
t

IN

M ILLIO N S

OF

DAMAGE)

DOLLARS

MACHINERY
MOTOR VEHICLES
TOTAL

!
1

1
OTHER

TOTAL

TRACTORS

TRUCKS

AUTOS

1

416.
443.
4 69 .
481 .
482.
524.
597.
714.
90 2.
1040.

1
1
1
|
1
|
j
|
|
1
|

242.
247.
249.
245.
229.
237.
276.
328.
400.
468.

115.
117.
118.
115.
107.
112.
129.
153.
188.
222.

127.
130.
131.
130.
122.
125.
1 4?.
175.
2 12 .
246.

|
|
|
|
|
|
|
|
|
(

174.
196.
220.
236.
253.
287.
321.
366.
502.
572.

12.
24.
36.
44.
54.
77.
9 7.
132.
194.
265.

1.
3.
7.
10.
12.
18.
21 .
2 7.
58.
98.

0.
2.
3.
4.
5.
7.
10.
13.
18 .
23.

11.
19.
26.
30.
37.
52.
66 .
92.
118.
144.

162.
172.
184.
192.
199.
210.
224.
254.
308.
307.

.1
.j
j
1
.1
.1
I
.1
.1
1

1211.
1039.
9 34 .
943.
952 .
872.
88 6.
890.
900 .
916.

1
|
|
1
1
|
!
{
|
|

527.
405.
409.
423.
428.
431 .
425.
413.
414.
407.

248.
191.
194.
201.
205.
207 .
20 4.
198.
198.
196.

279.
214.
21 5.
22 2.
2 23 .
224.
221.
215 .
216.
211.

|
|
|
|
|
|
I
|
|
1

684.
634 .
525.
520.
524.
441.
461.
477.
486.
509.

305.
257.
204.
211.
220.
238.
255.
265.
269.
289.

118.
117.
80.
77.
73 .
78.
82.
86.
89 .
94.

33 .
3 6.
37.
3 7.
41.
49.
57 .
66.
71.
76 .

154.
104.
87.
97 .
106.
111.
116.
113.
109.
119.

3 79 .
3 77 .
32 1.
3 09 .
3 04 .
203.
2 06 .
2 12 .
2 17 .
2 20 .

1 9 3 0 . . . . .1
1 9 3 1 .... 1
1932 . . . . ,1
1 9 3 3 . . . . .1
1 9 3 4 . . . . .1
1 9 3 5 ....,. i
1 9 3 6 . . . . .1
1 9 3 7 ....,. I
1 9 3 8 . . . . .1
1 9 3 9 . . . . .1
j
1 9 4 0 . . . . .1
1 9 4 1 . . . . .1
1 9 4 2 . . . . .1
1 9 4 3 .... .)
1 9 4 4 . . . . .1
1 9 4 5 . . . . .1
1 9 4 6 . . . . .1
1 9 4 7 . . . . , .1
1 9 4 8 . . . . .1
1949.•••,. )
j
1 9 5 0 . . . . .1
1 9 5 1 . . . . .1
1 9 5 2 . . . . .1
1 9 5 3 . . . . .1
1 9 5 4 . . . . .1
1 9 5 5 . . . . .1
1 9 5 6 . . . . .1
1 9 5 7 . . . . , .1
1 9 5 8 .... .)
1 9 5 9 . . . . < .1
1
I 9 6 0 . . . . , »|
1 9 6 1 . . . . . >|
1 9 6 2 . . . . , .1
1 9 6 3 . . . . , .1
1964 .......... ,1
1965.......... .1
1966.......... ,1
1967.......... 1
1968.......... ,1
1969.......... ,)
j
1970.......... ,1
1971.......... ,|
1972..........,1
1 9 7 3 . . . . , .1
1974.......... ,1
1975...........1
1976...........1
1 9 7 7 . . . . , ,f
1978...........1
1 9 7 9 . . . . , ,|

955.
856.
734.
64 4.
65 0.
66 4.
728.
796.
833.
781.

|
i
|
I
1
|
1
|
i
|
j

394.
330.
280.
263.
281.
279.
305.
309.
315.
277.

190.
159.
134.
125.
134.
134.
150.
152.
155.
134.

204.
171.
146.
138.
147.
145.
155.
157.
160.
143.

|
|
|
i
|
|
|
|
1
1

561.
526.
454.
381.
369.
385 .
423.
487 .
518.
504.

288.
268.
2-29.
182.
180.
196.
230.
281 .
297.
285.

103.
97.
80.
60 .
57 .
6 7.
86.
114.
128.
114.

69.
59.
47.
39 .
39 .
41.
50.
61.
66.
68 .

116.
112.
102.
63 .
84 .
88.
94 .
106.
103.
103.

273 .
2 58 .
2 25 .
199.
189.
189.
193.
206.
221.
21 9.

T97.
870.
1335.
1369.
1425.
1310.
1189.
1553.
200 2.
2365.

|
|
|
|
|
|
|
|
|
|
1

280.
309.
35 3.
403 .
450.
479.
523.
670.
755.
733.

136.
151.
174.
20 0.
224.
238.
258 .
317.
355.
343.

144.
158.
179.
203.
2 26 .
24 1.
2 65 .
3 53 .
4 00 .
390.

|
|
|
|
|
|
|
|
|
|

517.
561.
982.
966 .
975.
831.
66 6.
883.
1247.
1632.

297.
338.
564.
529.
514.
387.
333.
45 8.
65 5.
857.

116.
139.
257.
235.
235 .
179.
152.
189.
2 58 .
341 .

72.
80 .
148.
156.
158.
10 9.
106.
169 .
2 62 .
3 15 .

109.
119.
159.
138.
121.
99.
75.
100.
135.
201.

2 20 .
22 3.
418.
437.
461.
444.
333.
425.
5 92 .
7 75 .

2665.
3147.
3326.
3454.
3581.
3700.
3723.
391 3.
4011.
4251.

1
782.
|
94 4.
|
9 05 .
|
937 .
|
1006.
|
1072.
1
1013.
|
1088.
1083.
|
1149.
1
|
|
1211.
1 ' 1265.
|
1326.
|
1408.
1
1511.
1604.
|
|
1646.
|
1787.
|
1922.
|
2128.
j
|
2168.
|
2385.
|
263 3.
|
3111.
|
3650.
|
413 3.
|
4312.
|
483 3.
|
5423.
|
5985.

365.
439.
4 19 .
4 31 .
4 62 .
4 95 .
4 62 .
4 90 .
492.
515.

4 17 .
505.
486.
5 06 .
544.
5 77 .
551.
59 8.
591.
6 34 .

|
|
|
|
|
|
|
|
|
|

1883.
2203.
2421.
2517.
2575.
2628.
2710.
2825.
2928.
3102.

1008.
1179.
1282.
1322.
1353.
1386.
1436.
1508.
1554.
1638.

397.
469 .
514.
543.
54 4.
564.
596.
620.
6 42 .
681.

347.
382 .
3 89 .
36 9.
3 59 .
3 46 .
35 8.
387.
3 97 .
4 25 .

2 64 .
3 28 .
37 9.
410.
45 0.
47 6.
482.
501.
515.
532.

8 75 .
1024.
1139.
1195.
1222.
1242.
1274.
1317.
1374.
1464.

564.
586.
615.
6 53 .
702.
75 1.
758.
814 .
852.
919.

647.
679.
711.
7 55 .
8 09 .
853.
88 8.
9 73 .
1070.
1209.

|
|
|
|
1
|
1
|
I
|

3126.
3123.
3204.
3288.
339 2.
3507.
3738.
3994.
4278.
4446.

1598.
1572.
1637.
1685.
1723.
1736.
1823.
1878.
1975.
2002.

6 82 .
6 68 .
683.
695.
7 39 .
78 8.
860 .
932.
989.
1014.

431.
4 59 .
5 01 .
5 27 .
538.
534.
562.
570.
59 6.
6 11 .

4 85 .
4 45 .
45 3.
46 3.
4 46 .
414.
401.
376.
390.
37 7.

1528.
155 1.
1567.
160 3.
16 69.
1771.
1915.
2116.
23 0 3.
24 4 4.

91 0.
988.
1075.
1286.
1434.
1729.
1894.
22 27 .
2534.
******

1258.
1397.
1558.
1825.
22 16 .
24 04 .
2 41 8.
260 6.
2889.
******

1
|
|
|
|
I
1
I
|
}

4592.
4965.
5254.
5834.
6913.
8453.
9501.
10323.
11225.
12615.

1015.
1088.
1123.
1267.
1613.
2012.
2362.
24 52 .
27 20 .
******

6 19 .
7 11 .
742.
7 99 .
8 73 .
101 4.
1249.
1452.
1617.
******

3 57 .
3 69 .
3 79 .
3 98 .
41 0.
41 3.
44 0.
4 96 .
5 12 .
******

2601.
279 7.
30 10 .
337 0.
4017.
5014.
545 0.
5923.
637 6.
71 5 8.




4337.
43 8 8.
4 53 0.
469 6.
49 0 3.
5111.
5384.
57 81 .
6 20 0.
65 7 4.
676 0.
735 0.
78 87 .
89 45.
10563.
12586.
13813.
15156.
16648.
18600.

1991.
2168.
2244.
2464.
2896.
3439.
4051.
4400.
*849 •
5457.

TABLE

77

8 2 0 .2
C A P I T A L C O N S U M P TIO N ALLO W AN CES
(D E P R E C I A T I O N A L LO W AN CE S AND A C C ID E N T A L
C H A N G E FROM P R E V I O U S Y E A R I N M I L L I O N S OF

1
1
I
YEAR
1
1
1
1911.......... 1
1912.......... 1
1913.......... 1
1914........... 1
1915........... 1
1916.......... 1
1917.......... 1
1918.......... 1
1919.......... 1

1 BUILDINGS AND LAND IMPROVEMENTS I
1
L
OPERATORS'
TOTAL
1
DWELLINGS
OTHER
TOTAL
I
1
1
2.
3.
* 27.
|
5.
1.
1.
26.
|
2.
-4 .
-3 .
-1 .
12.
1
-8 .
-1 6.
-8 .
1 .1
8.
5.
3.
42.
|
17.
39.
22 .
73 .
1
52.
24.
117.
1
28.
35.
37.
188.
|
72.
68.
34.
34.
138.
|

DAMAGE)
DOLLARS

MACHINERY

TOTAL

1
|
— 1

MOTOR VEHICLES
TOTAL

TRACTORS

TRUCKS

AUTOS

1
1
1

OTHER

22 .
24.
16.
17.
34 .
34.
6 5.
116.
70.

12.
12.
8.
10.
23.
20.
35.
6 2.
71.

2.
4.
3.
2.
6.
3.
6.
31.
40.

2.
1.
1.
1.
2.
3.
3.
5.
5.

8.
7.
4.
7.
15.
14.
26.
26.
2 6.

10.
12.
8.
7.
11.
14.
30 .
54.
-1 .

1
1
I
1
1
1
1
1
1
1

171.
-1 72 .
-1 05 .
9.
9.
-8 0 .
14.
4.
10.
16.

1
|
|
|
|
|
|
|
|
|

59.
-1 22 .
4.
14.
5.
3.
-6 .
-1 2.
1.
-7 .

26.
-5 7.
3.
7.
4.
2.
-3 .
-6 .
0.
-2 .

33 .
-6 5.
1.
7.
1.
1.
-3 .
-6 .
1.
-5 .

112.
-5 0.
-1 09 .
-5 .
4.
-83.
20.
16.
9.
23.

40.
-48.
-53.
7.
9.
18.
17.
10.
4.
20.

20.
-1 .
-3 7 .
-3 .
-4 .
5.
4.
4.
3.
5.

10.
3.
1.
0.
4.
8.
8.
9.
5.
5.

10.
-50.
-1 7.
10.
9.
5.
5.
-3 .
-4 .
10.

72 .
-2 .
-5 6 .
-1 2 .
-5 .
-101.
3.
6.
5.
3.

1930.......... 1
1931........... 1
1932.......... 1
1933........... 1
1934........... 1
1935........... 1
1936........... 1
1937........... 1
1938........... 1
1939.......... 1
l
1940........... 1
1941.......... 1
1942........... 1
1943.......... 1
1944........... 1
1945........... 1
1946.......... 1
1947........... 1
1948........... 1
1949.......... 1
|
1950........... |
1951........... 1
1952.......... 1
1953........... 1
1954........... 1
1955.......... 1
1956........... 1
1957........... 1
1958........... 1
1959........... 1
j
1960........... 1
1961........... 1
1962........... 1
1963.......... 1
1964........... 1
1965........... 1
1966.......... 1
1967.......... 1
1968.......... 1
1969.......... 1
|
1970........... |
1971.......... i
1972........... 1
1973........... 1
1974........... I
1975........... 1
1976.......... 1
1977........... 1
1978........... 1
1979.......... I

39 .
“ 99 .
-1 22 .
-9 0 .
6.
14.
64 .
68.
37 .
-5 2 .

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

-1 3.
-6 4 .
-50.
-1 7.
18.
-2 .
26.
4.
6.
-3 8.

-6 .
-3 1.
-2 5.
-9 .
9.
0.
16.
2.
3.
-2 1.

-7 .
-3 3.
-2 5.
-8 .
9.
-2 .
10.
2.
3.
-1 7 .

52.
-3 5.
-7 2 .
-7 3.
-12.
16.
38.
64.
31.
-14.

-1 .
-2 0.
-3 9 .
-4 7.
-2 .
16.
34.
51.
16.
-12.

9.
-6 .
-1 7 .
-20.
-3 .
10.
19.
28.
14.
-1 4.

-7 .
-1 0 .
-1 2 .
-8 .
0.
2.
9.
11.
5.
2.

-3 .
-4 .
-1 0 .
-19.
1.
4.
6.
12.
-3 .
0.

53 .
-1 5 .
-3 3 .
-2 6 .
-1 0 .
0.
4.
13.
15.
-2 .

3.
29.
44.
50.
47.
29.
44 .
147.
85.
-2 2.

2.
15.
23.
2 6.
2 4.
14.
20.
59.
38.
-1 2 .

1.
14.
21 .
24 .
2 3.
15.
24 .
88.
47 .
-1 0 .

13.
4 4.
421 .
-1 6.
9.
-1 44.
-1 6 5 .
217.
364 .
385.

12.
4 1.
226.
-3 5.
-1 5 .
-1 27 .
-5 4.
125.
197.
202.

2.
23.
118.
-2 2.
0.
-5 6 .
-2 7.
37.
6 9.
83.

4.
8•
6 8.
8.
2.
-4 9 .
-3 .
63.
93 .
53 .

6.
10.
4 0.
-21.
-1 7.
-2 2 .
-24.
25.
3 5.
6 6.

1.
3.
195.
19.
24.
-1 7 .
-1 11 .
9 2.
167.
183 .

49.
162.
-39.
32.
69 .
66.
-5 9 .
75.
-5 .
66.

22 .
74.
-2 0 .
12.
31.
33.
-3 3.
28.
2.
23.

2 7.
88.
-1 9 .
20 .
38.
3 3.
-2 6 .
47 .
-7 .
43 .

251.
320.
218.
96.
58.
53 .
82.
115.
103.
174.

151.
171.
103.
40 .
31.
33.
50.
72.
46 .
84.

56.
72.
45 .
29.
1.
2 0.
32.
24.
2 2.
39.

32 .
35.
7.
-2 0 .
-1 0 .
-1 3 .
12.
29 .
10.
2 8.

63 .
64.
51.
31.
40 .
26.
6.
19.
14.
17.

100.
149.
115.
56 .
2 7.
20 .
32 .
4 3.
57.
9 0.

6 2.
54.
61.
82.
103.
93.
42.
141.
135.
206.

49.
22.
29.
38.
49 .
49.
7.
56.
38.
67 .

13.
32.
32.
44 .
54.
44.
35.
85.
97.
139.

24 .
-3 .
81 .
84.
104.
115.
231.
256.
284 .
168.

-4 0 .
-26.
65.
4 8.
38.
13.
87.
55.
97.
27.

1.
-1 4 .
15.
12.
44 .
4 9.
72.
72.
57.
25.

6.
28.
42 .
26 .
11.
-4 .
2 8.
8.
2 6.
15.

-4 7 .
-40.
8.
10.
-1 7 .
-3 2 .
-13.
-2 5.
14.
-1 3.

6 4.
23.
16.
36 .
6 6.
102.
144.
20 1.
187.
141.

40 .
217.
248.
478.
539.
483.
179.
521.
590.
562.

-9 .
78.
87.
211 .
148.
295.
165.
333.
307.
******

49 .
139.
161.
267.
391.
188.
14.
188.
283.
******

146.
373.
289.
580.
1079.
1540.
1048.
822.
9 02 .
1390.

-1 1 .
177.
76.
220.
432.
543.
612.
349.
449.
608.

1.
73.
35.
144.
346.
399 .
350.
90 .
26 8.
******

8.
92 .
31 .
57.
74.
141.
235.
203.
165.
******

-20.
12.
10.
19.
12.
3.
27.
56.
16.
******

157.
196.
213.
36 0.
6 47 .
9 97 .
4 36 .
4 73 .
453.
7 82 .

1920...........
1921..........
1922...........
1923..........
1924...........
1925...........
1926..........
1927..........
1928...........
1929..........

16.
73.
4 65 .
3 4.
56 .
-1 1 5 .
-1 21 .
364.
449.
3 63 .
300.
482.
179.
128.
127.
119.
23 .
190.
9 8.
240.
86.
51.
142.
166.
20 7.
208 .
273.
397.
419.
374.
186.
590.
537.
1058.
1618.
202 3.
1227.
1343.
1492.
1952.

J_________L




1_

TABLE 820.3
CAPITAL CONSUMPTION ALLOWANCES
(DEPRECIATION ALLOWANCES AND ACCIDENTAL DAMAGE)
PERCENTAGE CHANGE FROM PREVIOUS YEAR
MACHINERY

BUILDINGS AND LAND IMPROVEMENTS
YEAR

I

TOTAL
TOTAL

OPERATORS'
DWELLINGS

OTHER

TOTAL

1
1
1

1 9 1 1 ....
1 9 1 2 ....
1 91 3....
1914-------1 9 1 5 ....
1 91 6....
1 91 7 ....
1 9 1 8 ....
1 91 9....

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

6 .5
5 .9
2. 6
0.2
8.7
13.9
19.6
26.3
15.3

1 9 2 0 . . . . .|
1 92 1.... 1
1 9 2 2 . . . . .1
1 92 3.... 1
1 92 4.... t
1925____ 1
1 9 2 6 .... 1
1 9 2 7 . . . . .1
1928____ i
1 9 2 9 .... 1

16.4
-1 4 .2
-1 0.1
1.0
1.0
-8 .4
1.6
0.5
1.1
1.8

1 9 3 0 .... 1
1 9 3 1 .... I
1 9 3 2 .... 1
1 9 3 3 .... 1
1934-------- I
1 9 3 5 .... 1
1936.......... . |
1937.......... , |
1938.......... .1
1939.......... .1

4. 3
-1 0 .4
-1 4 .3
-1 2 .3
0 .9
2.2
9 .6
9.3
4.6
-6 .2

1940.......... .1
1941.......... , |
1942.......... ,|
1943.......... .1
1944.......... .1
1945.......... >i
1946.......... ,|
1947...........1
1948.......... .1
1949.......... .1

2. 0
9.2
5 3.4
2 .5
4.1
-8 .1
-9 .2
30.6
2 8 .9
18.1

1950.......... .i
1951.......... .|
1952...........1
1953.......... .1
1954.......... . 1
1955 .......... .i
1956.......... .1
1957..........,|
1958.......... .1
1959.......... .1

12.7
18.1
5 .7
3 .8
3 .7
3. 3
0.6
5.1
2.5
6 .0

6.7
2 0 .7
-4 .1
3 .5
7.4

6 .1

1960.......... , |
1961.......... . 1
1962.......... ,1
1963.......... , 1
1964.......... , 1
1965.......... ,|
1966.......... , 1
1967.......... 1
1968.......... 1
1969.......... 1

2 .0
1.2
3.2
3. 7
4 .4
4. 2
5 .3
7 .4
7.2
6 .0

1970........... 1
1971.......... |
1972.......... 1
1973.......... 1
1974.......... 1
1975.......... I
1976.......... I
1977.......... ,|
1978.......... , |
1979.......... 1

2 .8
8.7
7.3
13 .4
18.1
19.2
9.7
9 .7
9 .8
11.7




2 .1
0 .8

-1 .6
-6 . 5
3 .5
16. 5
18.8
2 2 .0

17.0
1 2 .6

-23. 1

1.7
0 .9
-2 .5
-7 .0
4. 7
15.2
18.6
2 2. 9
18.1
11.7
-2 3 .0

1 .0

1 .6

3 .4

3 .6

1 .2

0 .7
-1 .4
-2 .8

2 .0
1 .0

-1 .4
-2 .9

0 .2

0 .0

-1 .7

-1 .0

-3 .2
-1 6 .2
-1 5 .2
-6 .1

-3 .1
-1 6 .3
-1 5 .7
-6 .7
7 .2

6 .8

-0 .7
9 .3
1.3
1. 9
-1 2 .1

-1 3 .5

1 .1

1 .5

10 .4
14.2
14.2
11.7
6 .4
9.2
28. 1
12 .7
-2 .9

0 .0

11 .9
1.3
2 .0

1 1 .0

15.2
1 4.9
1 2 .0

6.3
8.4
2 2 .9
1 2 .0

-3 .4

2.4

2 0 0 .0

50.0

-0 .8
-6 .2
2 .5
17.6
19.0

7 .3
7 .2
13.4

2 2 .2

133.3
4 2 .9

2 1 .1

30.1
13.9

16.0

-3 .3
-1 6.2
-1 4 .6
-5 .5
6 .5
-1 .4
6.9
1.3
1.9
-1 0.6

-6 .2
-1 3 .7
-1 6.1
-3 .1
4 .3
9 .9
15.1
6.4
-2 .7

-0 .3
-6 .9
-1 4.6
-2 0 .5
-1 .1
8.9
17.3

9.6
-5 .8
-1 7. 5
-2 5 .0
-5 .0
17.5
2 8 .4
3 2 .6
12.3
-1 0.9

6 .1

2 .1

0.4
4.7

-<♦.5
8 .5
-1 .2
7.3

3.1
4 .2
3 .6
5 .9

5.4
4.5
4 .8

9.5
3 .9
4.9

2. 1
4 .9
4.7

-0 .1

6 .2

6 .2

6 .2

7 .3

7 .2
5 .4
4. 1
9 .6

7 .6
10.7

7 .5
7.0
0 .9
7 .4
4.7
7 .9

1.9

-1 .0

-5 .5
7.4
-0 .5

6 .2
2 .6
8 .6

1 0 .0

10 .4
18.2
17.3
13.2
4 .3

6 .1

8 .6
8. 8

19.6
11.5
2 0 .6

1 2 .1
1 2 .2

9. 5
17.6
13.8

1 0. 4

*****

-2 .5
-3 .4
-8 .9
-1 8 .6

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

33.2
13.3
-2 .5
6 .9
2 1 .1

1 0 .0

13.0
4. 1

0 .8
2 .6
2 .6

3.2
3. 4
6 .6
6 .8

7.1
3 .9
3 .3

11 .0

8 .1

11.5
17.1
2 1. 4
8 .5

5 .8

0 .6

7 .8
10.9
*****

1 1 .0

18.5
22 .3
12.4
8. 7
8.7
12.4

2 4.1
-5 .5
-1 2 .8
-1 1.6
-5 .0

-9 .2
-1 4 .5
-2 0 .3
-1 7 .0

6 .8

6 .6
1 0 .0

23.5
-0 .5
-1 4 .9
-3 .7
-1 .6
-3 3 .2
1. 5
2.9
2.4
1 .4

19.5
16.3
15.8
7.6
7 .0

8 .2

8. 5
75 .0
-1 .6
0.9
-1 4 .8
-1 9 .9
3 2 .6
4 1. 2
3 0. 9

2 2 .0

7 .0
4.3
3.6
5 .5
6.7
1 3.4
2 1 .3
-0 .3

6 .9
-3 2 .5
-1 6 .3
11.5
9 .3
4 .7
4 .5
-2 .6
-3 .5
9 .2

7.1
3 .9
1.5
7 .4

2 .6

7 2 .7
3 6 .8
1 5. 4
2 3 .3
4 0 .5
26.9
3 9 .4
2 8 .3

4 3.5
9.1

0 .8

2 2 .2

5.7
-4 .0
4.2
13.8
6 6.9
-6 .2
-2 .8
-2 4 .7
-1 4 .0
37.5
4 3.0
30 .8

1 .8

19.8
8 4 .9
-8 .6
0 .0

-2 3 .8
-1 5.1
2 4. 3
36. 5
3 2.2

OTHER

1

*****
50 .0
3 3. 3
2 5.0
4 0.0
42 .9
3 0.0
38.5
27.8

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

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

AUTOS

5 0. 0
16.7
2 8. 6
114. 8
6 9 .0

2 0 .0

15.1
-1 5.7
-2 0 .6
3 .4
4.3

0 .7
9 .7
13.3
13.4
11.3

19.6
-7 .3
-1 7 .2
-1 .0

TRUCKS

22 .7
4 2. 6
2 6. 0
36.1
4 7. 0
36.6

13.4
-2 3.3
0 .5
3 .3
0 .5
0.4
-1 .3
-2 .7
0 .5
-2 .3

-3 .8
4. 1
7 .5

6 .6

I
TRACTORS

1 0 0 .0

1 1 .8
2 0 .2

1

.....
T D T Al

1 2 .6
1 2 .2

0 .8

15 .4
17 .0
9 .9
4 .0
2 .3

6.4
2 0. 3
-4 .6
2.9
7 .2
7.1
-6 .7

MOTOR VEHICLES

2 .8
0 .0
1 0 .8

0 .0

1 .2

6 .2

5.1

4 .8

2 2 .0
2 2 .0
8 .2

6 .8
1 2 .8

-2 .8

3.0

0 .0

6.7
7.3
-0 .9

5 .9

2 0 .2

5 .8
9 .2
3 3 .6
-1 3 .2
-1 2 .3
-1 8 .2
-2 4 .2
3 3.3
3 5. 0
4 8 .9

0 .5
1 .4
8 7 .4
4 .5
5 .5
-3 .7
-2 5 .0
2 7 .6
39.3
3 0 .9

1 0 .2
1 0 .1
1 .8

3 1 .3
2 4.2
15 .5

1 1 .2

-5 .1
-2 .7
-3 .6
3.5

8 .2

1 1 .1

85.0
5.4
1.3
-3 1 .0
-2 .8
5 9.4
5 5.0

0 .0
2 .1

17.6
17.0
8.7
3.1
2.3
2 .4
3.6
5.0
3.1
5.4

16 .4
18. 1
9 .6
5. 6

2 .8

3 .4
4 .3

6 .1

7.1

3.3

6 .6

-2 .4
-1 .6
4.1
2.9
2.3

0. 1
-2 .1

1. 4
6 .5
9.2
5.2

-8 .8
-8 .2

4.4
1. 5

2 .2
1 .8

6.3

2 .1

0 .8

6 .6

5.0
3.0
5.2
1.4

9. 1
8 .4
6. 1
2 .5

-0 .7
5.2
1 .4
4. 6
2 .5

-3 .7
-7 .2
-3 . 1
-6 .2
3. 7
-3 .3

-0 .5
8.9
3.5
9.8
17.5
18.8
17.8

0. 1

1.3
14.9
4 .4
7.7
9.3
16.2
23.2
16.3
11.4
*****

-5 .3
3.4
2 .7
5 .0
3 .0
0 .7
6 .5
1 2.7
3.2
*****

8 .6
1 0 .2

12.5

0 .2

3 .7
5 .7
4.0
3. 5

7 .2
3.2
12. 8
2 7. 3
24. 7
17.4
3. 8
10.9
*****

8 .1
2 .6

9 .8
5.8
1.3
3 .9

1 .8
2 .2

12 .9
1 7.0
4.9
2 .3
1 .6
2 .6

1 .0

2 .3
4.1
6 .1
8 .1

10.5
8 .8
6 .1

6.4
7 .5
7 .6
1 2 .0

19.2
2 4.8
8 .7
8 .7
7.6
12.3

TABLE 820.4-

YFAR

79

CAPITAL CONSUMPTION ALLOWANCES
(DEPRECIATION ALLOWANCES AND ACCIDENTAL DAMAGE)
PERCENTAGE OF TOTAL
1
1
1

TOTAL

1 BUILDINGS AND LAND IMPROVEMENTS!
1
1
I
OPERATORS'
|
DWELLINGS
OTHER
1
1 TOTAL

MACHINERY
TOTAL

I
1

MOTOR VEHICLES

1
I

OTHER

1 ___ I Q I A I ______ I & A C I Q & S _____ IR U L J S S ______ a U T Q S ____ L

1 9 1 0 ....
1911-------1 9 1 2 ....
1 9 1 3 ....
1 91 4....
1 91 5....
1 91 6....
1 91 7....
1918____
1 91 9....

|
|
|

I
I
I
1
1
I
1

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

1 92 0.... 1
1 92 1.... I
1922-------- I
1 92 3.... 1
1 9 2 4 .... 1
1 9 2 5 . . . . .1
1 9 2 6 .... 1
1 9 2 7 .... 1
1 9 2 8 .... 1
1 92 9.... 1

10 0.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

|

1930.......... I
1 93 1 .... 1
1 9 3 2 .... 1
1 9 3 3 .... 1
1 9 3 4 .... I
1 9 3 5 .... I
1 9 3 6 .... !
1 93 7.... 1
1938. . . . 1
1939...........1
1
1940...........1
1941.......... .1
1942.......... ,1
1943.......... ,|
1944...........1
1945.......... ,|
1946...........1
1947..........,|
1948 ..........,1
1949...........1
1
1 9 5 0 . . . . . >1
1951.......... ,|
1952...........1
1953........... 1
1 9 5 4 . . . . . .1
1 9 5 5 . . . . . .1
1956...........1
1957...........1
1958........... 1
1959...........1
1
1960...........1
1961.......... . 1
1962........... 1
1963.......... .!
1964.......... .1
1965...........1
1 9 6 6 . . . . , .1
1967...........1
1968...........1
1969...........1
1
1 9 7 0 . . . . . >1
1971.......... .1
1 9 7 2 . . . . . .1
1 9 7 3 . . . . , .1
1 9 7 4 ....,. 1
1 9 7 5 . . . . . .1
1976 .............. .1
1977 ..............,|
1978...........1
1 9 7 9 . . . . . .1

100.0
10 0.0
100.0
100.0
100.0
10 0.0
io o . o
100.0
100.0
100.0

|
|
!




10 0.0
10 0. 0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
10 0.0
100.0
10 0.0
100.0
100.0
100.0
10 0.0
100.0
100.0
100.0
100.0
100.0
10 0.0
100.0
io o .o
100.0
10 0.0
100.0
100.0
100.0
100.0
100.0
100.0
10 0.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

i
i
|
|
|
|
|

I
|
|
|
|
|

I
|

I
|
|

I
1
I
|
(
|
|
|

1
|

I
|

I
I
|
|
|
I
|
1
I
|
I
|
I
I
I
|
|
|
1
1
l
i
I
I
I
i
I
I
I
1
I
|

I
|
|
|

1
|

I
I

58 .2
55.8
53.1
50.9
4 7 .5
4 5. 2
4 6. 2
4 5 .9
4 4 .3
4 5. 0

2 7. 6
2 6 .4
25.2
2 3. 9
2 2. 2
2 1 .4
2 1.6
2 1 .4
2 0. 8
2 1. 3

3 0 .5
29.3
27.9
27.0
25.3
23.9
24.6
24.5
2 3.5
23.7

4 3 .5
3 9.0
4 3.8
4 4. 9
4 5 .0
49.4
4 8 .0
46.4
4 6 .0
4 4 .4

2 0 .5
18.4
2 0 .8
2 1 .3
2 1. 5
2 3 .7
2 3. 0
2 2.2
2 2 .0
2 1 .4

23.0
20.6
23.0
23.5
23 .4
2 5.7
24.9
24.2
24.0
23 .0

4 1 .3
3 8. 6
38.1
4 0. 8
4 3 .2
4 2 .0
4 1. 9
3 8. 8
37.8
3 5.5

19.9
18.6
18.3
1 9.4
2 0 .6
2 0. 2
2 0. 6
19.1
18 .6
17.2

21 .4
20 .0
19.9
21 .4
22.6
21 .8
21.3
19.7
19.2
18.3

35 .1
35.5
2 6 .4
2 9 .4
3 1. 6
3 6. 6
4 4 .0
4 3. 1
3 7 .7
3 1.0

17.1
1 7. 4
1 3 .0
14.6
15 .7
1 8.2
2 1 .7
2 0 .4
1 7. 7
14.5

18.1
18.2
13.4
14.8
15.9
18 .4
22 .3
22 .7
20 .0
16.5

2 9 .3
3 0. 0
2 7. 2
27 .1
28.1
2 9. 0
2 7. 2
2 7.8
2 7. 0
2 7 .0

13.7
1 3.9
1 2 .6
12.5
1 2. 9
1 3 .4
12 .4
1 2. 5
12.3
12.1

15.6
16.0
14.6
14.6
15.2
15.6
14.8
15.3
14.7
14.9

2 7. 9
2 8 .8
2 9. 3
3 0 .0
3 0.8
31.4
3 0 .6
3 0. 9
3 1 .0
3 2 .4

13 .0
13 .4
13 .6
13.9
14.3
14 .7
14.1
14.1
13 .7
1 4 .0

14.9
15.5
15.7
16.1
16.5
16.7
16.5
16.8
17.3
18.4

32.1
3 2 .4
33.4
34.8
3 4. 6
3 2 .8
3 1.2
3 1. 9
3 2. 6
32.2

13.5
1 3. 4
1 3 .6
1 4 .4
1 3.6
1 3 .7
1 3. 7
1 4 .7
15.2

18.6
19.0
19.8
2 0. 4
21.0
19.1
17.5
17.2
17 .4
*****

*****

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

4 1 .8
44 .2
4 6 .9
49.1
52 .5
5 4.8
53.8
54.1
55.7
55 .0

2.9
5.4
7.7
9.1
11.2
14.7
16.2
18.5
21.5
25.5

0 .2
0 .7
1.5
2 .1
2 .5
3 .4
3 .5
3.8
6.4
9.4

0 .0
0 .5
0 .6
0 .8
1 .0
1.3
1.7
1 .8
2 .0
2. 2

2 .6
4 .3
5. 5
6 .2
7. 7
9 .9
11.1
12 .9
13.1
13.8

3 8 .9
3 8 .8
3 9 .2
3 9 .9
41.3
40. 1
3 7. 5
3 5. 6
3 4. 1
2 9 .5

56.5
6 1 .0
56.2
55. 1
5 5.0
5 0.6
5 2. 0
5 3. 6
5 4 .0
55.6

25.2
24.7
21.8
22 .4
23.1
27.3
28.8
29.8
29.9
31.6

9. 7
11.3
8 .6
8.2
7 .7
8 .9
9 .3
9.7
9.9
10.3

2 .7
3. 5
4 .0
3.9
4. 3
5 .6
6 .4
7.4
7 .9
8.3

12 .7
10 .0
9. 3
1 0 .3
11.1
12.7
13.1
12.7
12.1
13 .0

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

58.7
6 1 .4
6 1 .9
5 9. 2
5 6.8
5 8.0
58.1
6 1 .2
6 2 .2
6 4 .5

30.2
31.3
31.2
28.3
27.7
29.5
31.6
35.3
35.7
36.5

10.8
11.3
10.9
9 .3
8 .8
10.1
11.8
14 .3
1 5. 4
14.6

7. 2
6.9
6.4
6.1
6 .0
6.2
6.9
7 .7
7 .9
8 .7

12.1
13.1
1 3 .9
1 2 .9
12.9
13 .3
1 2.9
13.3
1 2 .4
1 3.2

2 8. 6
3 0. 1
3 0 .7
3 0 .9
29 .1
2 8 .5
2 6 .5
2 5 .9
2 6 .5
2 8 .0

6 4 .9
6 4. 5
73.6
7 0. 6
6 8 .4
6 3 .4
5 6. 0
5 6 .9
6 2 .3
6 9. 0

3 7.3
38.9
42 .2
38.6
36.1
29.5
28 .0
29.5
32.7
36.2

1 4.6
1 6.0
1 9.3
1 7.2
16 .5
1 3.7
1 2.8
1 2.2
1 2.9
1 4.4

9.0
9.2
11.1
11.4
11.1
8 .3
8 .9
10.9
13.1
13.3

1 3. 7
1 3.7
1 1. 9
10.1
8 .5
7 .6
6 .3
6.4
6 .7
8.5

2 7 .6
2 5 .6
3 1 .3
3 1 .9
32.4
3 3 .9
2 8 .0
27.4
2 9 .6
3 2 .8

7 0. 7
7 0. 0
7 2 .9
7 2 .9
7 1. 9
7 1. 0
72 .8
7 2.2
7 3. 0
7 3.0

37.8
37 .5
38.5
38 .3
37.8
37.5
38.6
38.5
38.7
38.5

1 4.9
14 .9
1 5. 5
1 5. 7
15.2
15 .2
1 6. 0
1 5. 8
1 6.0
1 6. 0

13 .0
12.1
1 1.7
10-7
10.0
9.4
9 .6
9 .9
9 .9
10.0

9.9"
1 0 .4
1 1 .4
1 1 .9
1 2. 6
1 2. 9
12.9
1 2.8
1 2.8
1 2.5

3 2 .8
3 2 .5
3 4 .2
3 4 .6
3 4 .1
33.6
3 4 .2
3 3 .7
3 4 .3
34.4

72.1
7 1.2
7 0.7
7 0 .0
6 9 .2
6 8 .6
6 9 .4
6 9.1
6 9 .0
6 7 .6

36.8
35.8
36.1
3 5.9
35.1
34.0
3 3. 9
3 2.5
3 1.9
30.5

15 .7
1 5.2
15.1
14.8
15.1
15 .4
1 6. 0
16.1
16.0
15.4

9 .9
10.5
11.1
11.2
11 .0
1 0.4
1 0.4
9.9
9 .6
9 .3

1 1. 2
10 .1
1 0.0
9.9
9 .1
8.1
7.4
6 .5
6.3
5 .7

35.2
3 5 .3
3 4 .6
3 4 .1
3 4 .0
3 4 .7
3 5 .6
3 6 .6
3 7 .1
3 7 .2

6 7 .9
6 7 .6
6 6 .6
6 5 .2
6 5 .4
6 7 .2
6 8 .8
6 8 .1
67.4
6 7 .8

29.5
29.5
28.5
27 .5
2 7. 4
27 .3
29.3
2 9. 0
29.1
29.3

1 5. 0
14 .8
1 4.2
1 4.2
1 5.3
1 6. 0
17.1
1 6.2
1 6.3
*****

9 .2
9 .7
9.4
8 .9
8 .3
8 .1
9.0
9 .6
9. 7
*****

5. 3
5 .0
4 .8
4.4
3 .9
3 .3
3. 2
3. 3
3 .1
*****

3 8 .5
3 8. 1
3 8 .2
3 7 .7
3 8 .0
3 9 .8
3 9 .5
3 9. 1
38.3
3 8 .5

80
TABLE 830.1

YEAR

1910____
1911 . . . .
1 9 1 2 ....
1 9 1 3 ....
1 9 1 4 ....
1 9 1 5 ....
1916. . . .
1 9 1 7 ....
1 9 1 8 ....
1 9 1 9 ....
1 9 2 0 ....
1921. . . .
1 9 2 2 ....
1 9 2 3 ....
1 9 2 4 ....
1925. . . .
1 9 2 6 ....
1 9 2 7 ....
1 9 2 8 ....
1929--------

CAPITAL NET INVESTMENT
(EXPENDITURES LESS CONSUMPTION ALLOWANCES)
AMOUNTS IN MILLIONS OF DOLLARS
1
i
I
1
1
1
1
1
i
1
1
I
.1
1
>1
1

I
|
1
1
1
1
J
1
1
1
1
1 9 3 0 .... 1
1 9 3 1 .... |
1932. . . . |
1 9 3 3 .... |
1 9 3 4 .... 1
1 9 3 5 .... 1
1 9 3 6 .... 1
1937.......... >1
1938 .......... ,1
1939.......... .1
I1
1940.......... 1
1941.......... . 1
1942.......... .1
1943.......... .1
1944.......... ,|
1945.......... .1
1946.......... . I
194 7 ..........,|
1948 .......... .1
1949.......... ,1
1
1
1950.......... >1
1951..........
1952 ...........1
1953.......... . 1
1954.......... .1
1955 .......... . 1
1956...........1
1957...........1
1958.......... . 1
1959.......... .1
i
1
1960.......... 1
1961.......... .|
1962...........1
1963.......... .1
1964.......... .1
1 9 6 5 . . . . . .1
1966.......... . i
1967.......... .1
1 96 8 .......... 1
1969.......... 1
1
1
1 9 7 0 .....►
1
1971.......... . |
1972.......... ,1
1973.......... .1
1974.......... -.1
1975.......... >1
1976.......... .1
197 7 ...........1
1978.......... .1
1979.......... .1
1




TOTAL

115.
87.
91.
71.
9 8.
86.
123.
201.
55.
237.

i BUILDINGS AND LAND IMPROVEMENTS
1.
OPERATORS'
1
DWELLINGS
OTHER
TOTAL
1
1
1
-6 .
-4 .
-2 .
|
-1 0 .
-1 2.
|
-2 2 .
-4 .
-1 .
|
-5 .
0.
-1 .
-1 .
|
8.
7.
15.
|
-3 .
-5 .
-8 .
|
2 3.
48.
25.
1
75.
121.
46 .
1
15.
78.
63.
|
134.
185.
51.
|

188.
1
-4 91 .
|
-3 02 .
1
-1 41 .
|
-2 23 .
|
-2 9 .
|
-2 1 .
1
- 6 . |
16.
|
50.
1
1
-2 3 8 .
|
-4 48 .
|
-5 40.
|
-4 47 .
|
-2 63 .
|
-8 1 .
1
58.
|
151.
|
-1 02 .
1
50.
|
i
1
132.
|
393.
|
-3 9 .
|
-3 35 .
|
23 6.
|
375.
|
1006.
|
1875.
|
24 82,
|
2359.
|
1
1
2009•
|
1773.
|
1254.
|
1274.
|
583.
|
445•
1
75.
|
10.
|
494 .
|
817.
|
ii
151.
|
22 6.
|
4 92 .
|
71 5.
|
7 85 .
1
994.
|
1304.
|
1665.
|
49 6.
1
291.
|
1
1
525.
|
7 .1
158.
|
1764.
|
20 27.
|
751.
|
1215.
1
963.
|
1539.
1
1950.
|
1

MACHINERY
TOTAL
____

1
I
1

MOTOR VEHICLES
TOTAL

__ IRACIQRS

TRUCKS

AUTOS

!

OTHER

1

121.
109.
96.
72.
83.
94.
75.
80.
-2 3 .
52.

24.
24.
26.
12.
33.
64.
68.
113.
73.
156.

4.
5.
8.
1.
11.
14.
15.
34.
89.
105.

3.
1.
3.
1.
4.
8.
8.
9.
1.
8.

17.
18.
15.
10.
18.
42.
45.
70.
-1 7 .
43.

97 .
85.
70.
60 .
50.
30.
7.
-3 3 .
-9 6 .
-1 04 .

39.
-1 82 .
-1 40 .
-106 .
-1 30 .
-120.
-128.
-5 8.
-8 3 .
-100.

18.
-9 3.
-75.
-5 9.
-7 2.
-6 6.
-6 7.
-3 8 .
-42.
-4 9.

21.
-8 9 .
-65.
-47.
-5 8 .
-54.
-6 1.
-20.
-4 1.
-5 1.

149.
-309.
-162.
-3 5 .
-9 3 .
91.
107.
52.
99.
150.

70.
-9 5.
9.
64.
42.
71.
60.
17.
53.
91 .

53.
-5 1.
-1 6 .
2.
1.
13.
22.
33.
12.
48.

34.
11.
10.
6.
27.
24.
2 5.
12 .
17.
10.

-1 7 .
-55.
15.
56.
14.
34.
13.
-2 8 .
24.
33.

79 .
-2 14 .
-1 71 .
-9 9.
-1 3 5 .
20.
47.
35.
46 .
59.

-2 01 .
-2 33.
-2 43 .
-2 06 .
-2 1 1 .
-144.
-1 36 .
-7 2 .
-9 7 .
-7 .

-83.
-1 00 .
-110 .
-9 6.
-1 02 .
-78.
-8 4 .
-5 6 .
-7 2.
-2 4.

-118.
-1 33 .
-133 .
-110 .
-1 09.
-66.
-52.
-16.
-2 5.
17.

-3 7.
-2 15 .
-2 97.
-241.
-52.
63.
194.
223.
-5 .
57.

0.
-6 0.
-1 11 .
-7 9 .
61 .
91 .
171.
148.
-2 1.
61 .

12.
-4 4.
-58.
-3 8.
2.
50.
81.
109.
24.
37.

-1 5 .
-2 0 .
-2 2 .
-1 .
11.
32.
4 2.
31 .
-1 2.
5.

3.
4.
-3 1 .
-40.
48.
9.
48.
8.
-3 3 .
19.

-3 7 .
-1 5 5 .
-1 86 .
-1 62.
-1 13 .
-2 8 .
23.
75.
16.
-4 .

24.
21.
-1 0.
-25.
8.
8.
638.
764.
885.
837.

3.
-4 .
-4 8 .
-9 1 .
-1 1 3 .
-1 13 .
151.
237.
347.
340.

21.
25 .
38.
66 .
121.
121.
487.
527.
538.
497.

108.
372.
-2 9 .
-3 10 .
228.
367.
368.
1111.
1597.
1522.

87.
237.
-154 .
-2 28.
-1 6 .
58.
228.
648.
848.
933.

81.
156.
28.
-8 0 .
105.
97.
89.
260.
403.
425.

9.
36 .
-4 5 .
-3 5 .
-3 2 .
-1 5 .
294 .
273 .
225.

-3 .
45.
-137 .
-1 13 .
-8 9 .
-2 4 .
29.
94 .
172.
283.

21.
135.
125.
-8 2 .
244.
309.
140.
463.
749.
589.

740.
655.
709.
590.
419.
313.
379.
323.
272.
505.

277.
226.
246.
188.
110.
37.
67.
4 7.
22.
24.

463.
42 9.
463.
402.
309.
276.
312.
276.
250.
481.

1269.
1118.
545.
684 .
164.
132.
-3 04 .
-3 13 .
222.
312.

726.
593.
138.
481.
96.
96.
-1 91 .
-131.
52.
48.

372.
338.
241.
179.
26.
125.
-7 1.
-9 8 .
35.
116.

155.
68.
-4 0 .
9.
18.
-3 7 .
-3 3 .
-1 6 .
-1 6 .
0.

199.
187.
-63.
293.
52.
8.
-87.
-1 7 .
33.
-6 8 .

54 3.
525.
407.
203.
68.
36.
-1 1 3 .
-1 82.
170.
264.

475.
483.
506.
478.
407.
32 2.
431.
527.
224.
212.

-7 9.
6.
-66.
-88.
-1 1 5 .
-2 12 .
-165.
- 2 02.
-3 04 .
-2 6 8 .

554.
47 7.
572.
566.
522.
534.
5 96.
729.
528.
480.

-3 24 .
-2 57 .
-14.
237.
378.
672.
873.
1138.
272.
79.

-2 54 .
-1 59.
13.
61.
145.
204.
290.
251.
85.
1.

-1 8 8 .
-8 9 .
4.
91.
110.
198.
349.
236.
179.
59.

-1 .
13.
13.
16.
48 .
-5 .
-5 1 .
6.
-6 1 .
-4 4 .

-6 5.
-83.
-4 .
-46.
-1 3.
11.
-8 .
9.
-33.
-14.

-7 0 .
-9 8 .
-2 7 .
176.
233.
46 8.
583.
887 .
187.
78 .

199.
99.
-2 83 .
-4 9 .
745.
551.
719.
824.
776.
865.

-418.
-4 20 .
-5 10 .
-7 49 .
-2 88 .
-7 76 .
-8 34 .
-7 94.
-8 62 .
******

617.
519.
227.
700.
1033.
1327.
1553.
1618.
1638.
******

326.
-9 2 .
441 .
1813.
1282.
200.
496.
139.
763.
1085.

108.
100.
295.
656.
623.
448.
286.
324.
562.
******

-2 2 .
-8 1 .
-7 0 .
-6 6 .
-9 .
6 9.
29 8.
203 .
212 .
******

-4 7.
-5 0.
-5 .
12.
-1 05 .
-1 23 .
-3 1.
0.
-43.
******

287.
-6 1 .
221.
1211.
773.
-1 9 4 .
-5 7.
-3 88.
32.
242.

39.
-31.
220.
602.
509.
394.
553. "
527.
731.
843.

no.

AGRICULTURAL FINANCE DATABOOK— ANNUAL SERIES

900

NOVEMBER 1979

INCOME, EXPENSES, AND CASH FLOW

920

GROSS FARM INCOME,
921.1
92 1.2
921.3
92 1. 4

930

1910-DATE

AMOUNTS.......................................................................................................................................... 82
CHANGE FROM PREVIOUS YEAR............................................................................................... 83
PERCENTAGE CHANGE FROM PREVIOUS YEAR.............................................................. . . . 8 4
PERCENTAGE
D I S T R I B U T IO N ...................................................................................... . , 8 5

FARM PRODUCTION EXPENSES,
931.1
93 1.2
93 1.3
9 31 .4

940

CASH FLOW AND NET INCOME,

941

AMOUNTS....................................................................................................................................... . 9 0
CHANGE FROM PREVIOUS YEAR............................................................................................ . 9 1
PERCENTAGE CHANGE FROM PREVIOUS YEAR..................................................................... 92
PERCENTAGE D IS T R I B U T IO N .................................................................................................... 93

IN 1967 DOLLARS

942.1
94 2.2
94 2.3
950

AMOUNTS.......................................................................................................................................... 94
CHANGE FROM PREVIOUS YEAR............................................................................................... 95
PERCENTAGE CHANGE FROM PREVIOUS YEAR..................................................................... 96

CASH FLOW AND NET INCOME,

951

1960-DATE

CURRENT DOLLARS

951.1
95 1.2
95 1.3
9 51 .4
952

1910-DATE

CURRENT DOLLARS

941.1
94 1.2
941.3
9 41 .4
942

1910-DATE

AMOUNTS...................................................................................................................................... . -16
CHANGE FROM PREVIOUS YEAR.............................................................................................. 8 ?
PERCENTAGE CHANGE FROM PREVIOUS YEAR..............................................................
.*8
PERCENTAGE
D IS T R I B U T IO N ..................................................................................... . . 8 9

AMOUNTS.......................................................................................................................................... 97
CHANGE FROM PREVIOUS YEAR................................................................................................97
PERCENTAGE CHANGE FROM PREVIOUS YEAR..................................................................... 97
PERCENTAGE D IS T R I B U T IO N .................................................................................................... 97

IN 1967 DOLLARS

95 2.1
95 2.2
95 2 .3
95 2 .4

AMOUNTS.......................................................................................................................................... 98
CHANGE FROM PREVIOUS YEAR............................................................................................... 98
PERCENTAGE CHANGE FROM PREVIOUS YEAR..................................................................... 98
PERCENTAGE D IS T R I B U T IO N .................................................................................................... 98

ECONOMICS?ES TA Tl’sff csf * AN D COOPERATIVES SERVICE,
U . S . DEPARTMENT OF AGRICULTURE.
SECTIONS 940 AND 950 DIFFER WITH RESPECT TO THE NONFARM INCOME
SERIES USED, AS EXPLAINED IN THE FOOTNOTE TO TABLE 9 4 1 . 1 .




81

82
TABLE 921.1

GROSS FARM INCOME
AMOUNTS IN MILLIONS OF DOLLARS
UNREALIZED AND NONMONEY INCOME

CASH RECEIPTS
YEAR

|

MARKETINGS

TOTAL
|

TOTAL

1

_
TOTAL

LIVESTOCK

CROPS

J GOVERNMENT|
I PAYMENTS 1
1
1.

OTHER
FARM
INCOME

TOTAL

INET CHANGE|
HOME
1 RENTAL
]
IN
ICONSUMPTIONI VALUE OF
1 INVENTQRY1_______________ 1DWELLINGS

I
1
1
I
I
I
1
i
1
I

7689.
6923.
8242.
7653.
8135.
8387.
9305.
14296.
16294.
17316.

|
|
|
I
|
|
|
I
|
|

5780.
5584.
6008.
6238.
6036.
6392.
7746.
10736.
13467.
14538.

5780.
5584.
6008.
6238.
6036.
6392.
7746.
10736.
13467.
14538.

2851 .
2679.
2913.
3161.
3137.
3129.
3711.
5094.
6493.
6935.

2929.
2905.
3095.
3077.
2899.
32 63.
403 5.
5642.
6974.
7603.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

1909.
1339.
223 4.
1415.
2099.
1995.
1559.
3560.
2827.
2778.

212.
-2 60 .
579.
-2 66 .
417 .
327.
-3 3 8 .
986.
-1 53 .
-5 09 .

1270.
1165.
1204.
1222.
1228.
1192.
1384.
2003.
2341.
255 6.

427.
434.
451.
459.
454.
476.
513.
571.
639.
731.

1 9 2 0 .. 1
1 9 2 1 .. 1
1 9 2 2 .. I
1923.. 1
1 9 2 4 .. 1
1 9 2 5 .. |
1926.. 1
1 9 2 7 .. I
1928. . I
1 9 2 9 .. I

16632.
10008.
10957.
12122.
12302.
14081.
13309.
13161.
13738.
13816.

I
I
I
I
I
I
I
I
I
|

12600.
8058.
8575.
9545.
10225.
11021.
10558.
10733.
10991.
11312.

12600.
8058.
8575.
9545.
10225.
11021.
10558.
10733.
10991.
11312.

5956.
3 952.
4275.
4680.
4812.
5476.
5683.
5608.
6035.
6182.

66*4.
4106.
4300.
4865.
5413.
5545.
4875.
5125.
4956.
5130.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

4032.
1950.
2382.
2577.
2077.
3060.
2751.
2428.
2747.
2504.

688.
-5 65 .
-1 02 .
-4 5.
-4 83 .
365.
7.
-1 75.
140.
-1 22 .

2509.
1746.
1717.
1772.
1706.
1827.
1875.
1725.
1724.
1713.

835.
769.
767.
850.
854.
868.
869.
878.
883.
913.

1 9 3 0 ..
1931..
1932..
1933..
1934..
1 9 3 5 ..
1 9 3 6 ..
1937..
1 9 3 8 ..
1939. .

1
I
1
1
I
|
I
|
I
I

11203.
8881.
6515.
6913.
7638.
10394.
9950.
12183.
10281.
10680.

1
I
I
I
I
|
I
I
|
|

9055.
6381.
4748.
5463.
6803.
7693.
8669.
9200.
8169.
8635.

9055.
6381.
4748.
5332.
6357.
7120.
8391.
8864.
7723.
7872.

5187.
3841.
2752.
2846.
3336.
4143.
4742.
4940.
4523.
4536.

3868.
2540.
1996.
2486.
3021.
2977.
3649.
3924.
3200.
3336.

0.
0.
0.
131..
446.
573.
278.
336.
446.
763.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

2148.
2500.
1767.
1450.
835.
2701 .
1281.
2983.
2112.
2045.

-2 69 .
4 60 .
110.
-1 94.
-9 3 0 .
698.
-8 06 .
816.
132.
95 .

1552.
1265.
9 93 .
1030.
1125.
1320.
1394.
1434.
1235.
1209.

865.
775.
664.
614.
640.
683.
693.
733.
745.
741.

1940.. 1
1941. . |
1942.. I
1 9 4 3 .. I
1 9 4 4 .. I
1 9 4 5 .. I
1 9 4 6 .. I
1 9 4 7 .. I
1 9 4 8 .. 1
1 9 4 9 .. 1

11340.
14271.
19893.
23344.
24038.
25374.
29568.
32386.
36454.
30762.

I
I
1
I
1
I
I
I
|
|

9105.
11655.
16215.
20265.
21312.
22405.
25574.
29934.
30484.
27990.

8382.
11111.
15565.
19620.
20536.
21663.
24802.
29620.
30227.
27805.

4913.
6492.
9039.
11493.
11351.
12008.
13786.
16527.
17129.
15409.

3469.
4619.
6526.
8127.
9185.
9655.
11016.
13093.
13098.
12396.

723.
544.
650.
645.
776.
742.
772.
314.
257.
185.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

2235.
2616.
3678.
3079.
2726.
29 69 .
3994.
2452.
5970.
2772.

281.
4 20 .
1099.
-5 3 .
-4 10 .
-4 3 9 .
29.
-1760.
1732.
-8 6 6 .

1210.
1429.
1758.
2253.
2181.
23 56 .
2662.
2765.
2733.
22 30.

744.
767.
821.
879.
955.
1052.
1303.
1447.
1505.
1408.

1 9 5 0 ..
1951. .
1 9 5 2 ..
1 9 5 3 ..
1954. .
1 9 5 5 ..
1 9 5 6 ..
1957..
1 9 5 8 ..
1 9 5 9 ..

1
I
1
I
1
I
I
I
I
|

33103.
38282.
37751.
34447.
34181.
33476.
33959.
34788.
38958.
37890.

|
I
1
I
1
1
1
I
1
1

28764.
33186.
32873.
31298.
30190.
29842.
31096.
30899.
34767.
34556.

28461.
32858.
32528.
31001.
29832.
29490.
30401.
29714.
33456.
33647.

16105.
19619.
18238.
16923.
16276.
15967.
16363.
17376.
19227.
18904.

12356.
13239.
14290.
14078.
13556.
13523.
14038.
12338.
14229.
14743.

283.
2 86.
275.
213.
257.
229.
554.
1016.
1089.
682.

20.
42.
70.
84.
101.
123.
141.
169.
222.
227.

4339.
5096.
4878.
3149.
3991.
3634.
2863.
3889.
4191.
333 4.

812.
1184.
92 2.
-6 23 .
49 1.
215.
-4 56 .
618 .
825.
14.

2063.
2304.
2220.
2007.
1789.
1678.
1585.
1484.
1505.
1289.

1464.
1608.
1736.
1765.
1711.
1741.
1734.
1787.
1861.
2031.

I9 6 0 .. 1
1 9 6 1 .. |
1962.. I
1963.. I
1 9 6 4 .. I
1 9 6 5 .. |
1966. . I
1967.. I
1 9 6 8 .. 1
1969. . |

38894.
40547.
42343.
43368.
42304.
46549.
50468.
50520.
51847.
56408.

j
I
1
I
I
I
1
I
I
I

35194.
36900.
38472.
39458.
39843.
42215.
47128.
46380.
48166.
52532.

34248.
35164.
36468.
37477.
37326.
39365.
43435.
42817.
44183.
48179.

18989.
19514.
20158.
20047.
19948.
21886.
25026.
24383.
25487.
28573.

15259.
15650.
16310.
17430.
17378.
17479.
18409.
18434.
18696.
19606.

702.
1493.
1747.
1696.
2181.
2463.
3277.
3079.
3462.
3794.

244.
243.
257.
285.
336.
387.
416.
434.
521.
559.

370 0.
364 7.
3871.
3910.
2461.
4334.
3340.
4140.
3681 .
3876.

397.
336.
620.
629.
-8 17.
1042.
-8 3.
657.
124.
9 9.

1205.
1109.
9 93 .
92 1.
835.
8 11 .
824.
736.
7 19 .
731 .

2098.
2202.
2258.
2360.
2443.
2481.
2599.
2747.
2638.
3046.

1 9 7 0 .. I
1971. . i
1972. . |
1 9 7 3 .. I
1974. . 1
1 9 7 5 .. I
1976. . 1
1977.. |
1978. . 1
1 9 7 9 .. I

58575.
62000.
70980.
98911.
98340.
100338.
101812.
108535.
125976.
145000.

1 54799.
1 56645.
1 65814.
I 90488.
I
93969.
I
90249.
1 96871.
| 99034.
I 115773.
I 132100.

50539.
52859.
61190.
87068.
92449.
88209.
94780.
95654.
111042.
129000.

29563.
30583.
35670.
45936.
41359.
43059.
46112.
47432.
58991.
67000.

20976.
22276.
25520.
41132.
51090.
45150.
48668.
48222.
52051.
62000.

3717.
3145.
3961.
2607.
531.
807.
734.
1819.
3030.
1200.

543.
641.
663.
813.
989.
1233.
1357.
1561.
1701.
1900.

3776.
5355.
5166.
8423.
4371.
10089.
4941.
9501.
10203.
12900.

6.
1397.
861.
3406.
-1 61 1.
3400.
-2366.
1057.
1062.
3100.

751.
732.
831.
1104.
1295.
1269.
1334.
1293.
1394.
1400.

3019.
3226.
3474.
3913.
4687.
5420.
5973.
7151.
7747.
8400.

1 9 1 0 ..
1911..
1912..
1913. .
1914. .
1 9 1 5 ..
1 9 1 6 ..
1 9 1 7 ..
1 9 1 8 ..
1919..

THESE USDA SERIES INCLUDE SHARE RENT AND GOVERNMENT PAYMENTS RECEIVED BY LANDLORDS.




TABLE 921.2

83

GROSS FARM INCOME
CHANGE FROM PREVIOUS YEAR IN MILLIONS OF DOLLARS
UNREALIZED AND NONMONEY INCOME

CASH RECE IPTS
YEAR

TOTAL

MARKETINGS
TOTAL

..

TOTAL

LIVESTOCK

CROPS

1GOVERNMENT!
I PAYMENTS I
1
L

OTHER
FARM
INCOME

TOTAL

I RENTAL
INET CHANGE!
HOME
I
IN
ICONSUMPTI ONI VALUE OF
1DUELLINGS
1 INVENTORY!

1911...
1 9 1 2...
1 91 3...
191 4...
1 915...
191 6...
1 91 7...
191 8...
1919. . .

-7 6 6 .
.1319.
-5 89 .
482.
252.
918.
4991.
1998.
1022.

-1 96 .
424.
230.
-2 02 .
356.
1354.
2990.
2731.
1071.

-1 96 .
424.
230.
-2 02 .
356.
1354.
2990.
2731.
1071.

-1 72 .
234.
248.
-2 4.
-8 .
582.
1383.
1399.
442.

-24.
190.
-18.
-1 78 .
364.
772.
1607.
1332.
629.

0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.

-5 7 0 .
895.
-8 1 9 .
68 4.
-1 04 .
-4 36 .
2001.
-7 33 .
-4 9 .

-4 72 .
839.
-8 45 .
683.
-9 0 .
-6 65 .
1324.
-1139.
-3 56 .

-1 0 5 .
39.
18.
6.
-3 6 .
192.
6 19 .
33 8.
215 .

7.
17.
8.
-5 .
22.
37.
58.
68.
92.

192 0...
1921...
1 92 2...
1923. . .
1 92 4...
1925. . .
1 92 6...
1 92 7...
1928. . .
1 92 9...

-6 84.
-6624.
949.
1165.
180.
1779.
-772.
-1 48 .
577.
78.

-193 8.
-4 54 2.
517.
970.
680.
796.
-4 63 .
175.
258.
321.

-1 93 8.
-4542.
517.
970.
680.
796.
-4 63 .
175.
258.
321.

-9 79 .
-2004.
323.
405.
132.
664.
207.
-75.
427.
147.

-959 .
-2538.
194.
565.
548.
132.
-6 7 0 .
25 0.
-1 69 .
174.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

1254.
-2 08 2.
4 32 .
195.
-500.
98 3.
-3 09 .
-3 23 .
319.
-2 4 3 .

1197.
-1253.
463.
57.
-4 38 .
848.
-3 5 3 .
-1 8 2 .
315.
-2 62 .

-4 7 .
-7 6 3 .
-2 9 .
55 .
-6 6 .
121 .
48.
-1 50 .
-1 .
-1 1 .

104.
-6 6 .
-2 .
83.
4.
14.
1.
9.
5.
30.

1930. . .
1931. . .
1932. . .
1 9 3 3...
1 93 4...
1 935...
1936. . .
1937. . .
1 93 8...
1939. . .

-2613.
-2322.
-2366.
398.
725.
2756.
-444 .
2233.
-1902.
399.

-2257.
-2674.
-163 3.
715.
1340.
890.
976.
531.
-1 03 1.
466.

-2 25 7.
-2674.
-1633.
584.
1025.
763.
1271.
473.
-1141.
149.

-995 .
-1346.
-1089.
94.
490.
807.
599.
198.
-4 1 7 .
13.

-12^2.
-1328.
-544.
490.
535.
-44.
672.
275.
-7 24 .
136.

0.
0.
0.
131.
315.
127.
-2 95 .
58.
110.
317.

0.
0.
0.
0.
0.
0.
0.
0.
0.
0.

-3 5 6 .
352 .
-7 3 3 .
-3 17 .
-6 1 5 .
1866.
-1 420.
1702.
-8 71 .
-6 7.

-1 47 .
729.
-3 50 .
-3 04 .
-7 36 .
1628.
-1 50 4.
1622.
-6 84 .
-3 7 .

-1 61 .
-287.
-2 72 .
3 7.
9 5.
195.
74 .
4 0.
-1 9 9 .
-2 6 .

-4 8 .
-9 0.
-1 1 1 .
-5 0 .
26.
43.
10.
40.
12.
-4 .

1 94 0...
1 941...
1942. . .
1 94 3...
1 94 4...
1 94 5...
1 9 4 6 ...
1947...
1 94 8...
1 94 9...

660.
2931.
5622.
3451.
694.
1336.
4194.
2818.
4068.
-5692.

470.
2550.
4560.
4050.
1047.
1093.
3169.
4360.
550.
-2494.

510.
2729.
4454.
4055.
916.
1127.
3139.
4818.
607.
-2 42 2.

377.
1579.
2547.
2454.
-142.
657.
1778.
2741.
602.
-1720.

133.
1150.
1907.
1601.
1058.
470.
1361.
2077.
5.
-7 02.

-4 0 .
-1 7 9 .
106.
-5 .
131.
-3 4 .
30.
-4 58.
-5 7 .
-72.

0.
0.
0.
0.
0.
0.
0.
0.
Q»
0.

190.
3 81 .
1062.
-599.
-3 53.
243.
1025.
-1542.
3518.
-319 8.

186.
139.
679.
-1152.
-3 57 .
-2 9.
468.
-1789.
3492.
-2598.

1.
219.
329.
495 .
-7 2 .
175.
30 6.
103.
-3 2 .
-5 0 3 .

3.
23.
54.
58.
76.
97.
251.
144.
58.
-9 7 .

1 9 5 0...
1951. . .
1 9 5 2...
195 3...
1954...
1 9 5 5...
1 9 5 6...
1957. . .
1958. . .
1959...

2341.
5179.
-531.
-3304.
-266.
-7 05.
483.
829.
4170.
-1068.

774.
4422.
-3 13 .
-1 57 5.
-1108.
-3 48.
1254.
-1 97 .
3868.
-211.

656.
4397.
-3 30 .
-1527.
-1169.
-3 42 .
911.
-687.
3742.
191.

696.
3514.
-1381.
-1315.
-647.
-309.
396.
1013.
1851.
-3 2 3 .

-4 0 .
883.
1051.
-2 12 .
-5 22 .
-3 3.
515.
-1 7 0 0 .
1891 .
514.

98.
3.
-1 1.
-6 2.
44.
-2 8 .
325.
462.
73.
-4 07 .

20.
22.
28.
14.
17.
22.
18.
28.
53.
5.

1567.
757.
-2 18 .
-1729.
842.
-3 5 7 .
-7 71 .
1026.
302.
-8 5 7 .

1678.
372.
-2 62.
-1545.
1114.
-2 7 6 .
-6 71 .
1074.
207.
-8 11 .

-1 67 .
241.
-8 4 .
-2 13 .
-2 18 .
-1 1 1 .
-9 3 .
-1 01 .
21.
-2 1 6 .

56.
144.
128.
29.
-5 4 .
30.
-7 .
53.
74.
170.

1960. . .
1961. . .
1962. . .
1963. . .
1 96 4...
1 965...
1966. . .
1 96 7...
1 9 6 8...
1 96 9...

1004.
1653.
1796.
1025.
-1064.
4245.
3919.
52.
1327.
4561.

638.
1706.
1572.
986.
385.
2372.
4913.
-7 48 .
1786.
4366.

601.
916.
1304.
1009.
-1 51 .
2039.
4070.
-6 18.
1366.
3996.

85.
525.
644.
-111.
-9 9.
1938.
3140.
-643.
1104.
3086.

516.
391.
660.
1120.
-5 2.
101.
930.
25 .
26 2.
910.

20.
791.
254.
-5 1 .
485.
282.
814.
-1 9 8 .
383.
332.

I 7.
-1 .
14.
28.
51.
51.
29.
68.
37.
38.

366.
-5 3 .
224.
39.
-1449.
1873.
-9 94 .
800.
-4 5 9 .
195.

383.
-6 1.
284.
9.
-1 44 6.
1859.
-1125.
740.
-5 3 3 .
-2 5 .

-8 4.
-9 6 .
-1 16 .
-7 2 .
-8 6 .
-2 4 .
13.
-8 8 .
-1 7 .
12.

67.
104.
56.
102.
83.
38.
118.
148.
91.
208.

197 0...
1 9 7 1...
1 97 2...
1 9 7 3 ...
197 4...
1 97 5...
1976. . .
1 97 7...
1 9 7 8 ...
1 9 7 9...

2167.
3425.
8980.
27931.
-5 71.
1998.
1474.
672 3.
17441.
19024.

2267.
1846.
9169.
24674.
3481.
-3 7 2 0 .
66 22 .
216 3.
16739.
16327.

2360.
2320.
8331.
25878.
5381.
-4 2 4 0 .
6571.
874.
15388.
17958.

990.
1020.
5087.
10266.
-4577.
1700.
3053.
1320.
11559.
8009.

1370.
1300.
3244.
15612.
9958.
-5 9 4 0 .
3518.
-4 46.
3829.
9949.

-7 7.
-572.
816.
-1 3 5 4 .
-2076.
276.
-7 3 .
1085.
1211.
-1830.

-16.
98.
22.
150.
176.
244.
124.
204.
140.
199.

-1 00 .
1579.
-1 8 9 .
3257.
-4 05 2.
571 8.
-5 148.
456 0.
702.
269 7.

-9 3 .
1391.
-5 36 .
2545.
-5 0 1 7 .
5011.
-5 76 6.
3423.
5.
2038.

20.
-1 9 .
99 .
273 .
191.
-2 6 .
65.
-4 1 .
101.
6.

-2 7 .
207.
248.
439.
774.
733.
553.
1178.
596.
653.




TABLE 921.3
GROSS FARM INCOME
PERCENTAGE CHANGE FROM PREVIOUS YEAR
1
1
|
1
1
1
1911...|
1912...|
1913...|
1914...|
1915...|
1 9 1 6 ...|
1 917...1
1918...1
1 9 1 9 ...|
1
1 9 2 0 ...|
1921...1
1922...1
1 923.. .|
1 9 2 4 ...|
1925.. . J
1926...|
1 92 7...|
1928...|
1929. . . |
i
1930...|
1 9 3 1 ...|
1 9 3 2 ...|
1 9 3 3 ...|
1934...|
1935...|
1936. . . |
1937.. . |
1938. . . |
1939.. . |
■
1
1 9 4 0 ...|
1 9 4 1 ... |
1942. . . |
1943...|
1944...1
1 9 4 5 ... |
1 9 4 6 ...|
1 94 7... |
1948. . . |
1 9 4 9 ...|
1
1 95 0... |
1 951.. . |
1 95 2...1
1 9 5 3 ... |
1 9 5 4 ...|
1955...|
1 9 5 6 ...|
1957...|
1 95 8...|
1 95 9... j

YEAR

UNREALIZED AND NONMONEY INCOME

CASH RECEIPTS
TOTAL
TOTAL

!
1
!

MARKETINGS
TOTAL

LIVESTOCK

CROPS

IGOVERNMENTI
| PAYMENTS |
i
1

OTHER
FARM
INCOME

TOTAL

INET CHANGE]
HOME
| RENTAL
1
IN
|CONSUMPTION! VALUE OF
1 INVENTORY!_______________ 1DWELLINGS

9.0

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

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

-2 9 .9
66 .8
-3 6 .7
4 8 .3
-5 .0
-2 1 .9
128.4
-2 0 .6
-1 .7

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

-8 .3
3 .3
1.5
0 .5
-2 .9
16.1
4 4 .7
16.9
9 .2

1. 6
3 .9
1 .8
-1 .1
4 .8
7 .8
11.3
11.9
14 .4

-1 2.6
-3 8.2
4 .7
13.1
11.3
2.4
-1 2.1
5.1
-3 .3
3. 5

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

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

4 5 .1
-5 1 .6
8. 2
-1 9 .4
4 7 .3
-1 0 .1
-1 1 .7
13.1
-8 .8

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

-1 .8
-3 0 .4
-1 .7
3.2
-3 .7
7.1
2 .6
-8 .0
-0 .1
-0 .6

14.2
-7 .9
-0 .3
1 0.8
0. 5
1.6
0. 1
1 .0
0.6
3.4

-1 6.1
-2 5 .9
-2 8 .4
3 .4
17.2
24.2
14.5
4. 2
-8 .4
0.3

-2 4 .6
-3 4 .3
-2 1 .4
24.5
21 .5
-1 .5
22.6
7 .5
-1 8 .5
4. 2

*****
*****
*****
*****
24 0.5
2 8.5
-5 1.5
2 0 .9
32 .7
71.1

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

-1 4 .2
1 6.4
-2 9 .3
-1 7 .9
-4 2 .4
22 3 .5
-5 2 .6
13 2.9
-2 9 .2
-3 .2

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

-9 .4
-1 8 .5
-2 1 .5
3 .7
9.2
17.3
5. 6
2.9
-1 3 .9
-2 .1

-5 .3
-1 0 .4
-1 4 .3
-7 .5
4.2
6.7
1 .5
5 .8
1 .6
-0 .5

6. 5
3 2. 6
40.1
26.1
4 .7
5. 5
14.5
19 .4
2 .0
-8 .0

8.3
32.1
39.2
27.1
-1 .2
5 .8
14.8
19.9
3 .6
-1 0 .0

4 .0
33.2
41 .3
24.5
13.0
5.1
14.1
18.9
0 .0
-5 .4

-5 .2
-2 4 .8
19.5
-0 .8
20.3
-4 .4
4 .0
-5 9 .3
-1 8.2
-2 8 .0

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

9.3
17.0
4 0 .6
-1 6 .3
-1 1 .5
8 .9
3 4 .5
-3 8 .6
143.5
-5 3 .6

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

0 .1
18.1
2 3 .0
28.2
-3 .2
8 .0
13.0
3 .9
-1 .2
-1 8 .4

0 .4
3 .1
7.0
7. 1
8.6
1 0 .2
23.9
11.1
4.0
-6 .4

2.8
15.4
-0 .9
-4 .8
-3 .5
-1 .2
4 .2
-0 .6
12.5
-0 .6

2 .4
15.4
-1 .0
-4 .7
-3 .8
-1 .1
3.1
-2 .3
12.6
0 .6

4 .5
21 .8
-7 .0
-7 .2
-3 .8
-1 .9
2 .5
6 .2
10.7
-1 .7

-0 .3
7.1
7 .9
-1 .5
-3 .7

5 3 .0
1.1
-3 .8
-2 2 .5
2 0. 7
-1 0 .9
141.9
8 3.4
7. 2
-3 7 .4

*****
110.0
6 6 .7
2 0.0
20.2
21.8
14.6
1 9. 9
3 1 .4
2.3

56.5
17.4
-4 .3
-3 5 .4
2 6.7
-8 .9
-2 1 .2
3 5 .8
7 .8
-2 0 .4

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

-7 .5
11.7
-3 .6
-9 .6
-1 0 .9
-6 .2
-5 .5
-6 .4
1. 4
-1 4 .4

4.0
9.8
8 .0
1 .7
-3 .1
1.8
-0 .4
3.1
4.1
9 .1

2.6
4 .3
4 .4
2.4
-2 .5
1 0. 0
8.4
0.1
2.6
8.8

1.8
4 .8
4 .3
2 .6
1.0
6.0
11.6
-1 .6
3 .9
9.1

1.8
2.7
3 .7
2 .8
-0 .4
5.5
10.3
-1 .4
3. 2
9 .0

0 .4
2.8
3.3
-0 .6
-0 .5
9.7
14.3
-2 .6
4 .5
12.1

3 .5
2 .6
4 .2
6.9
-0 .3

2 .9
11 2.7
17.0,
-2 .9
28.6
12.9
3 3.0
-6 .0
12 .4
9 .6

7 .5
-0 .4
5 .8
1 0.9
17.9
15.2
7. 5
16.3
7.3

11 .0
-1 .4
6 .1
1 .0
-3 7.1
76.1
-2 2 .9
2 4.0
-1 1.1
5 .3

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

-6 .5
-8 .0
-1 0 .5
-7 .3
-9 .3
-2 .9
1 .6
-1 0 .7
-2 .3
1.7

3 .3
5 .0
2 .5
4 .5
3 .5
1.6
4 .8
5 .7
3 .3
7.3

3 .8
5 .8
14 .5
3 9 .4
-0 .6
2 .0
1 .5
6 .6
16 .1
15.1

4 .3
3 .4
16.2
3 7. 5
3 .8
-4 .0
7.3

4.9
4 .6
15.8
42.3
6.2
-4 .6
7.4
0. 9
16.1
16.2

3 .5
3.5
16.6
28.8
-1 0 .0
4.1
7.1
2.9
2 4.4
13.6

7.0
6.2

-2.0

-2 .9
18.0
3.<t
2 2. 6
2 1 .6
2 4. 7
10.1
1 5. 0
9.0
11.7

-2 .6
4 i.e
-3 .5
63.0
-4 8 .1
13 0.8
-5 1 .0
9 2. 3
7.4
2 6 .4

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

2 .7
-2 .5
13.5
32 .9
17.3
-2 .0
5.1
-3 .1
7 .8
0 .4

-0 .9
6.9
7 .7
1 2. 6
1 9 .8
1 5.6
10 .2
19 .7
8 .3
8.4

-1 0 .0
19.1
-7 .1
6 .3
3 .1
10 .9
5 3 .6
1 4.0
6.3

-3 .4
7.6
3.8
-3 .2
5 .9
21 .2
3 8. 6
2 5. 4
8 .0

-3 .4
7.6
3.8
-3 .2
5. 9
21.2
3 8.6
2 5. 4
8 .0

-6 .0
8.7
8.5
-0 .8
-0 .3
18.6
37.3
27 .5
6 .8

6. 5
-0 .6
-5 .8
12.6
23.7
3 9.8
2 3.6

-4 .0
-3 9 .8
9.5
10.6
1 .5
14 .5
-5 .5
-1 .1
4 .4
0.6

-1 3 .3
-3 6 .0
6.4
11.3
7.1
7.8
-4 .2
1.7
2 .4
2 .9

-1 3 .3
-3 6 .0
6.4
11.3
7.1
7 .8
-4 .2
1.7
2 .4
2 .9

-1 4.1
-3 3.6
8.2
9 .5
2 .8
13.8
3.8
-1 .3
7.6
2 .4

-1 8 .9
-2 0 .7
-2 6 .6
6.1
1 0.5
36.1
-4 .3
2 2 .4
-1 5 .6
3.9

-2 0 .0
-2 9 .5
-2 5 .6
15.1
2 4. 5
13.1
12.7
6. 1
-1 1 .2
5 .7

-2 0 .0
-2 9.5
-2 5 .6
12.3
19.2
12.0
17.9
5 .6
-1 2 .9
1.9

6 .2
2 5 .8
39.4
17 .3
3 .0
5 .6
16.5
9 .5
1 2. 6
-1 5 .6

5 .4
28 .0
39 .1
25 .0
5.2
5.1
14.1
17.0
1.8
-8 .2

7 .6
15 .6
-1 .4
-8 .8
-0 .8
-2 .1
1 .4
2.4
1 2. 0
-2 .7

1 960.. . |
1961...|
1962...|
1963. . . |
1 964...1
1 9 6 5 ... |
1 966...1
1 9 6 7 ...|
1968...|
1 9 6 9 ...|
1 9 7 0 ...|
1 97 1... |
1 9 7 2 ...|
1 973.. .|
1 974.. .|
1 97 5... |
1976...1
1 9 7 7 ...|
1 978.. .|
1 97 9... |
____ L_




2.2

16.9
14.1

-0.8

-0.2

3 .8
-1 2 .1
15.3
3 .6

0 .6

5 .3
0.1
1. 4
4.9

14.6
6 1 .2
24 .2
-1 1.6
7 .8
-0 .9
7 .9
19.1

-1 5 .4
2 5.9
-3 4 .2
-7 9 .6
52.0
-9 .0
147.8
6 6 .6

-6 0 .4

7.6

22.2

TABLE 921.4

85

GROSS FARM INCOME
PERCENTAGE OF TOTAL
UNREALIZED AND NONMONEY INCOME

CASH RECEIPTS
YEAR

TOTAL

1

MARKETINGS
TOTAL

1
TOTAL

LIVESTOCK

CROPS

I GOVERNMENT!
j PAYMENTS l
i
1

OTHER
FARM
INCOME

TOTAL

|NET CHANGE!
HOME
1 RENTAL
|
IN
ICONSUMPTIONI VALUE OF
t INVENTORY!
I DWELLINGS

1910. . .
1 91 1...
191 2...
1913. . .
1 91 4...
1 9 1 5...
1 91 6...
191 7...
191 8...
1 91 9...

100.0
100.0
100.0
100.0
100.0
10 0.0
100.0
100.0
10 0.0
10 0.0

|
|
1
|
|
|
|
|
|
|

7 5. 2
80.7
72.9
81.5
74.2
76.2
83.2
75.1
82.7
84.0

75.2
80.7
72.9
81. 5
74.2
76.2
83.2
75.1
82.7
84.0

37.1
38.7
35.3
4 1. 3
38.6
37 .3
39.9
3 5.6
3 9.8
4 0. 0

38. 1
4 2. 0
37.6
40.2
35 .6
38 .9
4 3.4
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

0. 0
0 .0
0. 0
0. 0
0 .0
0 .0
0. 0
0.0
0 .0
0 .0

2 4. 8
19.3
27 .1
18.5
2 5.8
23.8
16.8
24 .9
17.3
16.0

2 .8
-3 .8
7.0
-3 .5
5.1
3 .9
-3 .6
6.9
-0 .9
-2 .9

16.5
16.8
14.6
16.0
15.1
14.2
14.9
14.0
14.4
14.8

5.6
6 .3
5. 5
6.0
5.6
5. 7
5.5
4 .0
3 .9
4 .2

1 92 0...
1921 . . .
1922. . .
1923. . .
1 92 4...
1925. . .
1926. . .
1927. . .
1 92 8...
1929. . .

100.0
100.0
10 0.0
100.0
100.0
10 0.0
100.0
10 0.0
100.0
100.0

|
|
1
|
|
|
|
|
|
|

75.8
80.5
78 .3
7 8.7
83.1
78.3
79.3
81 .6
80.0
81.9

75.8
80.5
78.3
78.7
83.1
78.3
79.3
81.6
80.0
81.9

3 5.8
39.5
3 9. 0
3 8. 6
39. 1
3 8.9
42 .7
4 2.6
4 3.9
4 4. 7

39 .9
41 .0
39.2
40.1
4 4.0
39 .4
36.6
3 8.9
36.1
37.1

0 .0
0.0
0 .0
0 .0
0 .0
0. 0
0 .0
0 .0
0 .0
0 .0

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
21 .7
2 0. 7
1 8.4
2 0.0
18.1

4. 1
-5 .6
-0 .9
-0 .4
-3 .9
2 .6
0. 1
-1 .3
1.0
-0 .9

15.1
17.4
15.7
14.6
13.9
13.0
14.1
13.1
12.5
12.4

5.0
7.7
7 .0
7 .0
6.9
6 .2
6 .5
6 .7
6.4
6 .6

1930. . .
193 1...
1932. . .
1933. . .
1934. . .
1935. . .
1 93 6...
1 93 7...
1938. . .
1 93 9...

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
10 0.0

|
|
|
|
l
|
j
|
I
|

80.8
71.9
72.9
79.0
89.1
74.0
87.1
75.5
79.5
80.9

80.8
71.9
72.9
77. 1
83.2
68.5
84.3
72.8
75.1
7 3.7

4 6. 3
43 .2
42.2
41 .2
43 .7
39 .9
47 .7
4 0.5
4 4. 0
42 .5

34.5
28.6
30 .6
36.0
39.6
28.6
36 .7
32.2
31.1
31.2

0 .0
0 .0
0 .0
1.9
5 .8
5. 5
2 .8
2 .8
4 .3
7 .1

0. 0
0. 0
0 .0
0 .0
0 .0
0 .0
0 .0
0. 0
0 .0
0. 0

19.2
28.1
27.1
21 .0
10.9
26 .0
12.9
2 4. 5
20.5
19.1

-2 .4
5 .2
1 .7
-2 .8
-1 2 .2
6.7
-8 . 1
6.7
1.3
0 .9

13.9
14.2
15.2
14.9
14.7
12.7
14.0
11.8
12.0
11.3

7. 7
8. 7
10.2
8. 9
8 .4
6 .6
7 .0
6 .0
7.2
6 .9

1940. . .
1941 . . .
1942. . .
1943. . .
1944. . .
1 9 4 5...
1946. . .
1947. . .
1948. . .
1949. . .

100.0
100.0
100.0
100.0
100.0
10 0.0
100.0
10 0.0
100.0
10 0.0

l
I
l
J
i
|
1
|
|
|

80 .3
81.7
81.5
86 .8
88 .7
88.3
86.5
9 2. 4
83.6
9 1.0

73 .9
77.9
78.2
84.0
85.4
85.4
83.9
91.5
82.9
9 0.4

4 3.3
45.5
4 5. 4
4 9.2
4 7. 2
•47.3
4 6. 6
51.0
4 7. 0
50.1

30.6
32.4
32.8
34.8
38.2
38.1
37.3
4 0.4
3 5.9
40.3

6 .4
3.8
3 .3
2 .8
3. 2
2 .9
2 .6
1.0
0 .7
0 .6

0. 0
0 .0
0.0
0. 0
0 .0
0 .0
0. 0
0 .0
0 .0
0 .0

19.7
18.3
18.5
13.2
11.3
11.7
13.5
7 .6
16.4
9.0

2. 5
2 .9
5. 5
-0 .2
-1 .7
-1 .7
0.1
-5 .4
4 .8
-2 .8

10.7
10.0
8. 8
9.7
9 .1
9 .3
9 .0
8 .5
7 .5
7 .2

6 .6
5. 4
4.1
3. 8
4.0
4.1
4.4
4 .5
4. 1
4 .6

195 0...
1 95 1...
1 95 2...
1953. . .
1 95 4...
1955. . .
1956. . .
1 95 7...
1958. . .
195 9...

100.0
100.0
100.0
100.0
10 0.0
100.0
100.0
10 0.0
10 0.0
10 0.0

|
|
|
i
i
|
j
j
|
|

86.9
86 .7
87. 1
9 0.9
88.3
89.1
9 1 .6
88.8
89.2
91 .2

86.0
85.8
86.2
90.0
87.3
88.1
89.5
8 5.4
85.9
88.8

4 8.7
5 1.2
48.3
49.1
4 7. 6
4 7. 7
48 .2
4 9.9
4 9 .4
4 9. 9

37.3
34 .6
37.9
40 .9
3 9.7
4 0. 4
41.3
3 5.5
36.5
38.9

0 .9
0 .7
0 .7
0. 6
0.8
0 .7
1 .6
2 .9
2. 8
1.3

0. 1
0.1
0 .2
0.2
0 .3
0 .4
0 .4
0. 5
0 .6
0. 6

13.1
13.3
12.9
9 .1
11.7
10.9
8 .4
11.2
10.8
8 .8

2. 5
3 .1
2.4
-1 .8
1 .4
0 .6
-1 .3
1.8
2.1
0 .0

6 .2
6.0
5 .9
5 .8
5 .2
5 .0
4 .7
4 .3
3 .9
3.4

4 .4
4 .2
4 .6
5.1
5 .0
5.2
5.1
5.1
4 .8
5 .4

1960. . .
1 9 6 1...
1 96 2...
1 96 3...
1 96 4...
1 96 5...
1 9 6 6...
1967. . .
196 8...
1969. . .

10 0.0
100.0
100.0
100.0
10 0.0
10 0.0
100.0
10 0.0
100.0
100.0

|
|
|
|
|
|
|
1
j
l

9 0. 5
91.0
9 0. 9
9 1.0
9 4 .2
90 .7
9 3 .4
91.8
9 2. 9
93 .1

88.1
86.7
86.1
86.4
88.2
84.6
86.1
84.8
85.2
85.4

4 8. 8
48.1
47.6
46 .2
4 7.2
4 7 .0
4 9. 6
4 8.3
49.2
50 .7

39.2
38.6
38.5
40.2
41.1
37.5
36.5
36.5
36.1
34.8

1.8
3.7
4. 1
3 .9
5.2
5 .3
6 .5
6.1
6 .7
6 .7

0.6
0.6
0.6
0.7
0.8
0 .8
0.8
1. 0
1.0
1.0

9 .5
9.0
9.1
9 .0
5 .8
9.3
6.6
8 .2
7. 1
6.9

1. 0
0.8
1. 5
1 .5
-1 .9
2 .2
-0 .2
1.3
0 .2
0 .2

3.1
2.7
2.3
2.1
2 .0
1.7
1.6
1.5
1 .4
1. 3

5. 4
5 .4
5 .3
5 .4
5 .8
5. 3
5.1
5 .4
5.5
5 .4

1970. . .
1971. . .
1 97 2...
1973. . .
1974. . .
1 9 7 5...
1976. . .
1977. . .
1 97 8...
1979. . .

100.0
100.0
10 0.0
100.0
100.0
10 0.0
100.0
100.0
10 0.0
100.0

|
I
I
l
j
|
j
I
|
|

9 3.6
9 1. 4
92 .7
91.5
95.6
89.9
9 5.1
9 1 .2
91.9
91.1

86.3
85.3
86.2
88.0
9 4.0
87.9
93. 1
88.1
88.1
89.0

50.5
4 9. 3
50.3
4 6 .4
42.1
4 2.9
4 5 .3
4 3. 7
46 .8
46.2

35.8
3 5.9
36.0
41 .6
52 .0
4 5.0
47.8
4 4. 4
41.3
42.8

6 .3
5 .1
5 .6
2 .6
0 .5
0 .8
0. 7
1.7
2.4
0 .8

0.9
1.0
0.9
0 .8
1.0
1.2
1.3
1.4
1.4
1.3

6 .4
8. 6
7.3
8 .5
4.4
10.1
4.9
8 .8
8. 1
8 .9

0 .0
2 .3
1.2
3.4
-1 .6
3 .4
-2 .3
1 .0
0 .8
2.1

1.3
1.2
1.2
1.1
1. 3
1.3
1.3
1.2
1.1
1 .0

5.2
5.2
4 .9
4 .0
4 .8
5 .4
5 .9
6 .6
6. 1
5.8




86
TABLE 931.1

FARM PRODUCTION EXPENSES
AMOUNTS IN MILLIONS OF DOLLARS
CURRENT OPERATING EXPENSES

OTHER PRODUCTION EXPENSES

3531.
3581.
3833.
3973.
4029.
4167.
4836.
6092.
7507.
8331.

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

1920...1
1921...|
1 9 2 2 ...|
1 9 2 3 ...|
1924...|
1 9 2 5 ...|
1926...|
1927...1
1928. . . |
1 929...|

8837.
6638.
6614.
7054.
7447.
7347.
7372.
7462.
7757.
7664.

1
1
1
1
1
1
1
1
1
1

5992.
4056.
4049.
441 2.
4745.
4804.
4864.
48 39.
5135.
5029.

1854.
1035.
1104.
1234.
1549.
1506.
1429.
1497.
1699.
1545.

1821.
1353.
1356.
1506.
1543.
1642.
1726.
1683.
1794.
1835.

1790.
1170.
1127.
1251.
1248.
1267.
1330.
1302.
1290.
1300.

527.
458.
46 2.
421.
405.
389.
379.
357.
352.
349.

2845.
2582.
2565.
2642.
2702.
2543.
2508.
2623.
2622.
2635.

1211.
1039.
9 34 .
943.
952.
872.
886.
890.
900.
91 6.

556.
586.
583.
590.
583.
589.
599.
620.
636.
651.

574 .
6 53 .
6 80 .
6 79 .
6 47 .
6 12 .
598.
593.
590.
582 .

504.
304.
368.
430.
520.
470.
425.
520.
496.
486.

1 930...|
1931. . . |
1 93 2...1
1933.. .|
1934...|
1935. . . |
1 9 3 6 ...|
1937.. . |
1938. . . |
1 939...|
|
1 940...|
1941.,.|
1 942...1
1 9 4 3 ...|
1944. . . |
1 9 4 5 ...|
1946...|
1 9 4 7 ...|
1 9 4 8 . . .|
1 949.. .|
|
1950.. .|
1 95 1...|
1952. . . |
1953...|
1 954...|
1 955...|
1 956...|
1957. . . |
1 9 5 8 ...|
1959. , . |
|
1960.,.|
1961. . . |
1962. . . I
1963...|
1 964...|
1 965...|
1966. . . |
1 9 6 7 ...|
1 9 6 8 ...|
1969. . . |

6944.
5537.
4483.
4358.
4715.
5116.
5642.
6178.
5920.
6266.

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

4450.
3403.
2658.
2646.
2955.
3275.
3727.
4209.
4001.
4345.

1277.
818.
620.
686.
829.
948.
1185.
1331.
1131.
1366.

1680.
1385.
1128.
1148.
1276.
1414.
1538.
1752.
1735.
1811 .

1177.
914.
669.
617.
679.
775.
868.
988.
979.
988.

316.
286.
241.
195.
171.
138.
136.
138.
156.
180.

2494.
2134.
1825.
1712.
1760.
1841.
1915.
1969.
1919.
1921.

955 .
856.
73 4.
6 44 .
650 .
6 64 .
728 .
79 6.
833.
781.

648.
589.
510.
438.
424.
434.
440.
45 2.
448.
456.

570.
553.
5 26 .
4 72 .
4 30 .
396.
36 4.
341.
320 .
305.

321.
136.
55.
158.
256.
347.
383.
380.
318.
379.

4869.
5517.
7077.
8472.
9136.
9910.
11074.
13066.
14380.
13395.

1712.
1927.
2803.
3449.
3679.
4184.
4620.
5639.
6166.
5096.

1942.
2125.
2433.
2801.
3078.
3258.
3739.
4430.
4965.
5197.

1029.
1249.
1631.
2027.
2202.
2299.
2532.
2783.
2990.
2806.

186.
216.
210.
195.
177.
169.
183.
214.
259.
296.

1989.
2264.
2963.
3136.
3197.
3152.
3426.
3966.
4410.
4587.

797.
870.
1335.
1369.
1425.
1310.
1189.
1553.
2002.
2365.

451.
46 3.
466.
477.
499.
557.
617.
733.
806.
872.

293 .
28 4.
2 72 .
24 6.
23 0.
221.
219.
225.
232.
243.

448.
647.
890.
1044.
1043.
1064.
1401.
1455.
1370.
1107.

1
|
1
1
1
1
1910.. .|
1 911...|
1912...|
1913...1
1914...|
1915.. .|
1 91 6.,.|
1917...|
1 918...|
1 919...|

YEAR

TOTAL

6858.
7781.
10040.
11608.
12333.
13062.
14500.
17032.
18790.
17982.
19455.
22348.
22790.
21467.
21808.
22171.
22705.
23703.
25790.
27177.
27376.
28590.
30279.
31598.
31812.
33650.
36508.
38181.
39525.
42115.

i

1 9 7 0 . . . | 44424.
1971...|
47367.
1 9 7 2 . . . | 52315.
1973...|
65562.
1974. . . | 72210.
1975...|
75863.
1 976...|
83130.
1977...|
88776.
1978...1
98096.
1 9 7 9 . . . | 114000.

ITEMS WITH
FARM ORIGIN
(LIVES TO CK,
FEED, SEED)

ITEMS
WITH
NONFARM

2397.
2367.
2544.
2619.
2635.
2642.
3060.
3836.
4968.
5433.

681.
603.
710.
718.
691.
680.
853.
1150.
1760.
1 802 .

754.
794.
824.
856.
896.
898.
1032.
1244.
1521.
1706.

755.
758.
789.
804.
804.
815.
904.
1127.
1337.
1515.

207.
212 .
221.
241.
244.
2 49 .
271.
315.
350.
410.

TOTAL

HIRED
LABOR

O R IG IN

INTEREST 0N|
NON-REAL- 1
ESTATE
|
DEBT
i

INTEREST
ON
MORTGAGE
DEBT

CAPITAL
CONSUMPTION
ALLOWANCES

PROPERTY
TAXES

1134.
1214.
1289.
1354.
1394.
1525.
1776.
2256.
2539.
2898.

41 6.
443.
4 69 .
4 81 .
482.
524.
597 .
714 .
90 2.
1040.

195.
215.
225.
257.
261.
284.
304.
339.
361.
454.

203.
2 25 .
25 2.
27 6.
296.
314.
3 41 .
378 .
4 17 .
47 6.

320.
331.
343.
340.
355.
403.
534.
825.
859.
928.

TOTAL

RENT

1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1

14374.
16559.
16692.
15394.
15613.
15871.
16253.
17037.
18791.
19848.

5 805.
7132.
6 843.
5641.
5994.
5985.
6023.
6479.
7751.
7928.

5424.
6105.
6540.
6585.
6603.
6829.
7120.
7325.
7633.
8364.

2811.
2921.
2857.
2736.
2596.
2615.
2641 .
2734.
2842.
2906.

334.
401.
452.
432.
420.
442.
469.
499.
565.
650.

5081.
5789.
6098.
6073.
6195.
6300.
6452.
6666.
6999.
7329.

2665.
3147.
3326.
3454.
35 81.
3700.
3723.
391 3.
4011.
4251.

919.
983.
1033.
1060.
1084.
1141.
1178.
1242.
1306.
1429.

264.
291 .
318 .
34 5.
371 .
4 02 .
4 42 .
4 82 .
52 1.
5 72 .

1233.
1368.
1421.
1214.
1159.
1057.
1109.
1029.
1161.
1077.

19758.
20561.
21846.
22696.
22504.
23704.
25901.
27071.
27556.
29399.

7577.
8037.
8856.
9235.
8592.
9306.
10705.
10891.
10864.
12196.

8400.
8591.
8882.
9156.
9471.
* 9766.
10371.
11186.
11454.
11617.

3062.
3192.
3299.
3400.
3483.
3604.
3683.
3723.
3920.
4152.

719.
741.
809.
905.
958.
1028.
1142.
1271.
1318.
1434.

7618.
8029.
8433.
8902.
9308.
9 946.
10607.
11110.
11969.
12716.

4337.
4388.
4530.
4696 .
4903.
5111.
5384.
5781.
62 00.
6574.

1529.
1609.
1677.
1737.
1798.
1874.
2002.
2122.
2298.
2456.

628.
6 86 .
759.
846.
952.
1075.
1198.
1325.
1472.
1625.

1124.
1346.
1467.
1623.
1655.
1886.
2023.
1882.
1999.
2061.

1
1
1
1
1
1
1
1
1
1

31172.
33162.
35990.
45557.
50407.
51923.
57638.
61270.
67277.
79300.

13279.
14244.
16180.
22906.
21726.
19890.
22778.
23829.
27486.
32 800.

11926.
12905.
13449.
15208.
19916.
22720.
24641.
26389.
27773.
32900.

4349.
4367.
4594.
5232.
6036.
6357.
7037.
7452.
7691.
8000.

1618.
1646.
1767.
2211.
2729.
2956.
3182.
3600.
4327.
5600.

13252.
14205.
16325.
20005.
21803.
23940.
25492.
27506.
30819.
34700.

6760.
7350.
7887.
8945.
10563.
12586.
13813.
15156.
16648.
18600.

2596.
2704.
2815.
2886.
3096.
3333.
3607.
3940.
4226.
4500.

1764.
1905.
2132.
2495.
3044.
3421.
3852.
4352.
5232.
6300.

2132.
2246.
3491.
5679.
5100.
460 0.
4220.
4058.
4713.
5300.

1
1

.L

"RENT" IS NET RENT PLUS GOVERNMENT PAYMENTS TO NONOPFRATOR LANDLORDS (NONFARM LANDLORDS FROM 1910 THROUGH 1 9 5 8 ).
THE USDA SERIES
CALLED "NET RENT" IS GROSS CASH AND SHARE RENT LESS LANDLORDS' INTEREST, TAXES, CAPITAL CONSUMPTION ALLOWANCES, AND FARM OPERATING
EXPENSES.
THE USDA INCLUDES THESE LANDLORD EXPENSES IN THE RESPECTIVE SERIES SHOWN IN TH IS TA BLE.




TABLE 931.2

87

FARM PRODUCTION EXPENSES
CHANGE FROM PREVIOUS YEAR IN MILLIONS OF DOLLARS
CURRENT OPERATING EXPENSES
YEAR

TOTAL
TOTAL

ITEMS In ITH
FARM ORIGIN
(LIVESTOCK,
FEED. SEED)

ITEMS
WITH
NONFARM

HIRED
LABOR

ORI GI N

OTHER PRODUCTION EXPENSES
INTEREST ON
NON-REALESTATE
DEBT

TOTAL

CAPITAL
CONSUMPTION
ALLOWANCES

PROPERTY
TAXES

INTEREST
ON
MORTGAGE
DEBT

RENT

1911. . .
1 91 2...
1913. . .
1914. . .
1915. . .
1 91 6...
1917. . .
1 91 8...
1919. . .

50.
252.
140.
56.
138.
669 .
1256.
1415.
824.

-3 0 .
177.
75.
16.
7.
418.
776.
1132.
465.

-7 8 .
107.
8.
-27.
-1 1 .
173.
297.
610.
42.

40.
30.
32.
40.
2.
134.
212.
277.
185.

3.
31.
15.
0.
11.
89.
223.
210.
178.

5.
9.
20.
3.
5.
22.
44.
35.
60.

80.
75.
65.
40.
131.
251.
480.
283.
359.

27.
26.
12.
1.
42.
73.
117.
188.
138.

20.
10.
32.
4.
23.
20.
35.
22.
93.

22 .
27 .
24.
20.
18.
27.
37 .
39.
59.

11.
12.
-3 .
15.
48 .
131.
291.
34.
69.

1920. . .
1921. . .
1 92 2...
1 92 3...
1924. . .
1925. . .
1926. . .
1927. . .
1928. . .
1929. . .

506.
-2199.
-2 4 .
440.
393.
-1 0 0 .
25.
90.
295.
-9 3.

559.
-1 93 6.
-7 .
363.
333.
59.
60 .
-25.
296.
-1 06 .

52.
-819.
69.
130.
315.
-43.
-7 7 .
68.
202.
-1 54 .

115.
-4 68 .
3.
150.
37.
99.
84.
-4 3.

117.
-2 9 .
-3 6.
-4 1 .
-1 6.
-1 6 .
-1 0.
-22.

-5 3 .
-263.
-1 7.
77.
60.
-1 59 .
-3 5.
115.

171.
-172.
-1 05 .

-5.
-3.

-1 .

41 .

275.
-6 20 .
-43.
124.
-3 .
19.
63.
-2 8 .
-1 2 .
10.

13.

9.
-8 0.
14.
4.
10.
16.

102.
30.
-3 .
7.
-7 .
6.
10.
21.
16.
15.

9 8.
79 .
27.
-1 .
-3 2 .
-3 5 .
-1 4 .
-5 .
-3 .
-8 .

-4 24 .
-200.
64.
62.
90.
-5 0.
-4 5 .
95.
-2 4.
-10.

1930. . .
1931. . .
1932. . .
1 933...
1934. . .
1 9 3 5...
1936. . .
193 7...
1 93 8...
1 93 9...

-720.
-1407.
-1054.
-125.
357.
401.
526.
536.
-2 5 8 .
346.

-579.
-1 04 7.
-7 45 .
-12.
309.
320.
452.
482.
-208.
344.

-2 68 .
-4 59 .
-198.
66.
143.
119.
237.
146.
-200 .
235.

-155.
-2 95 .
-257.
20.
128.
138.
124.
214.
-1 7.
76.

-123.
-263 .
-245.
-5 2 .
62.
96.
93.
120.
-9 .
9.

-3 3 .
-30.
-4 5.
-4 6 .
-2 4.
-3 3 .
-2 .
2.
13.
24.

-141.
-3 60 .
-3 09 .
-1 13.
48.
81.
74.
54.
-5 0.
2.

39.
-9 9.
-1 22 .
-9 0 .
6.
14.
64.
68 .
37.
-5 2 .

-3.

-1 2 .
-1 7 .
-2 7 .
-5 4 .
-4 2 .
-3 4 .
-3 2 .
-2 3 .
-2 1 .
-1 5 .

-1 65 .
-1 85 .
-81.
103.
98.
91.
36.
-3 .
-6 2 .
61.

1 94 0...
1 94 1...
1 94 2...
194 3...
194 4...
1 94 5...
1 94 6...
1 9 4 7 ...
1 94 8...
1 9 4 9...

592.
923.
2259.
1568.
725.
729.
1438.
2532.
1758.
-8 08.

524.
648.
1560.
1395.
664.
774.
1164.
1992.
1314.
-9 85 .

346.
215.
876.
646.
230.
505.
436.
1019.
527.
-1070.

131.
183.
308.
368.
277.
180.
481.
691.
535.
232.

41.
220.
382.
396.
175.
97.
233.
251.
207.
-184.

6.
30.
-6 .
-1 5 .
-1 8.
-8 .
14.
31 .

16.
73.
465.
34.
56.
-1 15 .
-1 21 .
364.
4 49 .
363.

-5 .
12.
3.
11.
22.
58.
60.
116.
73.
66.

-1 2 .

37.

68.
275.
699.
173.
61.
-4 5 .
274.
540.
444.
177.

7.
11.

69.
199.
243.
154.
-1 .
21.
337.
54.
-8 5.
-2 63.

1 95 0...
195 1...
195 2...
1 95 3...
1954. . .
1 95 5...
195 6...
1957. . .
195 8...
1 9 5 9...

1473.
2893.
442.
-1323.
341.
363.
534.
998.
2087.
1387.

979.
2185.
133.
-1298.
219.
258.
382.
784.
1754.
1057.

709.
1327.
-289.
-1202.
353.
-9 .
38.
456.
1272.
177.

227.
681.
435.
45.
18.
226.
291 .
205.
308.
731.

5.
110.
-6 4 .
-121 .
-140 .
19.
26.
93 .
108.
64.

38.
67.
51.
-20.
-1 2 .
22.
27.
30.
66 •
85.

494.
708.
309.
-2 5.
122.
105.
152.
214.
333.
330.

300.
4 82 .
179.
128.
127.
119.
23.
190.
98.
240 .

47.
64 .
50.
27.
24.
57.
37.
64.
64 .
123.

21.
27.
27.
27.
26.
31.
40 .
4 0.
39.
51 .

126.
135.
53.
-2 07 .
-5 5.
-1 0 2 .
52.
-8 0 .
132.
-84.

1 960...
1961. . .
1 9 6 2...
1 9 6 3...
1 9 6 4...
1 96 5...
1 9 6 6...
1967. . .
196 8...
196 9...

199.
1214.
1689.
1319.
214.
1838.
2858.
1673.
1344.
2590.

-90.
803.
1285.
850.
-1 92 .
1200.
2197.
1170.
485.
1843.

-3 51 .
460.
819.
379.
-643.
714.
1399.
186.
-2 7 .
1332.

36.
191.
291.
274.
315.
295.
605.
815.
268.
163.

156.
130.
107.
101.
83.
121.
79.
40.
197.
232.

69.
22.
68.
96.
53.
70.
114.
129.
47.
116.

289.
411.
404.
469.
406.
638.
661.
503.
859.
747.

86.

51.
142.
166.
207.
208.
273.
39 7.
419.
374 .

100.
80.
68.
60.
61.
76.
128.
120.
176.
158.

56.
58.
73.
87 .
106.
123.
123.
127.
147.
153.

47.
222.
121.
156.
32.
231.
137.
-1 41 .
117.
62.

197 0...
197 1...
1 97 2...
1973. . .
197 4...
1 97 5...
197 6...
1 97 7...
197 8...
1979. . .

2309.
2943.
4948.
13247.
6648.
3653.
7267.
5646.
9320.
15904.

1773.
1990.
2828.
9567.
4850.
1516.
5715.
3632.
6007.
12023.

1083.
965.
1936.
6726.
-1 1 8 0 .
-1836.
2888.
1051.
3657.
5314.

309.
979.
544.
1759.
4708.
2804.
1921.
1748.
1384.
5127.

197.
18.
227.
638.
804.
321.
680.
415.
239.
309.

184.
28.
121.
444,
518.
227.
226.
418.
727.
1273.

536.
953.
2120.
3680.
1798.
2137.
1552.
2014.
3313.
3881.

186.
590.
537.
1058.
1618.
2023.
1227.
1343.
1492.
1952.

140.
108.
111.
71.
210.
237.
274.
333.
286.
274.

139.
141 .
227.
363 .
549.
377.
431.
500.
880.
1068.

71.
114.
1245.
2188.
-5 79.
-5 00 .
-380.
-162.
655.
587.




111.

45.

1

9.

-59.
-7 9.
-7 2 .
-1 4 .
10.
6.

12.
-4 .
8.

-9.

-1 2 .
-2 6 .
-1 6 .
-9 .
-2 .
6.

TABLE 931.3

FARM PRODUCTION EXPENSES
PERCENTAGE CHANGE FROM PREVIOUS YEAR
OTHER PRODUCTION EXPENSES

CURRENT OPERATING EXPENSES
YEAR

TOTAL
TOTAL

ITEMS WITH
FARM ORIGIN
(LIVES TO CK,
FEED. SEEDJ

ITEMS
WITH
NONFARM
ORIGIN

HIRED
LABOR

INTEREST ON
NON-REALESTATE
DEBT

TOTAL

CAPITAL
CONSUMPTION
ALLOWANCES

PROPERTY
TAXES

INTEREST
ON
MORTGAGE
DEBT

RENT

1 9 1 1...
1912. . .
1913. . .
1 91 4...
1915. . .
1916. . .
1917. . .
191 8...
1919. . .

1 .4
7 .0
3 .7
1 .4
3 .4
16.1
2 6 .0
2 3.2
11.0

-1 .3
7. 5
2 .9
0 .6
0.3
15.8
2 5. 4
29.5
9.4

-1 1 .5
17.7
1.1
-3 .8
-1 .6
25 .4
3 4. 8
53.0
2 .4

5.3
3 .8
3.9
4 .7
0.2
14.9
20 .5
22 .3
12.2

0.4
4. 1
1.9
0. 0
1 .4
10.9
24.7
18.6
13.3

2 .4
4.2
9 .0
1.2
2.0
8 .8
16.2
11.1
17.1

7.1
6. 2
5.0
3.0
9.4
16.5
2 7. 0
12.5
14.1

6 .5
5 .9
2.6
0 .2
8 .7
13.9
19.6
2 6.3
15.3

10.3
4.7
14.2
1 .6
8 .8
7 .0
11.5
6. 5
25 .8

10.8
12.0
9 .5
7 .2
6 .1
8 .6
10.9
10.3
14.1

3.4
3 .6
-0 .9
4.4
1 3.5
3 2 .5
5 4. 5
4. 1
8 .0

192 0...
1921. . .
1922. . .
1923. . .
1 9 2 4...
1 92 5...
192 6...
1927. . .
1928. . .
1 92 9...

6.1
-2 4 .9
-0 .4
6 .7
5 .6
-1 .3
0 .3
1.2
4 .0
-1 .2

10.3
-3 2. 3
-0 .2
9. 0
7. 5
1.2
1.2
-0 .5
6 .1
-2 .1

2 .9
-4 4 .2
6.7
11.8
25.5
-2 .8
-5 .1
4.8
13.5
-9 .1

6 .7
-2 5.7
0 .2
11.1
2 .5
6 .4
5.1
-2 .5
6. 6
2.3

18.2
-3 4.6
-3 .7
11.0
-0 .2
1.5
5 .0
-2 .1
-0 .9
0 .8

28.5
-5 .5
-7 .2
-8 .9
-3 .8
-4 .0
-2 .6
-5 .8
-1 .4
-0 .9

-1 .8
-9 .2
-0 .7
3 .0
2. 3
-5 .9
-1 .4
4.6
-0 .0
0. 5

16.4
-1 4 .2
-1 0.1
1.0
1. 0
-8 .4
1 .6
0 .5
1.1
1 .8

2 2 .5
5 .4
-0 .5
1.2
-1 .2
1.0
1.7
3 .5
2 .6
2.4

20.6
13.8
4 .1
-0 .1
-4 .7
-5 .4
-2 .3
-0 .8
-0 .5
-1 .4

-4 5 .7
-3 9 .7
21.1
16.8
2 0. 9
-9 .6
-9 .6
2 2 .4
-4 .6
-2 .0

193 0...
1 93 1...
1932. . .
1933. . .
193 4...
1935. . .
1936. . .
1937. . .
1 93 8...
1939. . .

-9 .4
-2 0 .3
-1 9 .0
-2 .8
8. 2
8. 5
10.3
9 .5
-4 .2
5 .8

-1 1 .5
-2 3 .5
-2 1 .9
-0 .5
11.7
10.8
13.8
12.9
-4 .9
8 .6

-1 7 .3
-3 5 .9
-2 4.2
10.6
20 .8
14.4
25.0
12.3
-1 5 .0
20 .8

-8 .4
-1 7 .6
-1 8 .6
1.8
11.1
10.8
8.8
13.9
-1 .0
4 .4

-9 .5
-2 2 .3
-2 6 .8
-7 .8
10.0
14. 1
12.0
13.8
-0 .9
0. 9

-9 .5
-9 .5
-1 5 .7
-1 9.1
-1 2.3
-1 9.3
-1 .4
1.5
13.0
15.4

-5 .4
-1 4 .4
-1 4 .5
-6 .2
2.8
4 .6
4 .0
2.8
-2 .5
0. 1

4 .3
-1 0 .4
-1 4 .3
-1 2 .3
0 .9
2 .2
9 .6
9.3
4.6
-6 .2

-0 .5
-9 .1
-1 3 .4
-1 4.1
-3 .2
2.4
1 .4
2 .7
-0 .9
1.8

-2 .1
-3 .0
-4 .9
-1 0.3
-8 .9
-7 .9
-8 .1
-6 .3
-6 .2
-4 .7

-3 4 .0
-5 7 .6
-5 9 .6
187.3
6 2 .0
3 5.5
1 0.4
-0 .8
-1 6 .3
19.2

194 0...
194 1...
194 2...
1 9 4 3 ...
1 94 4...
1 94 5...
1 94 6...
1 9 4 7 ...
194 8...
1 94 9...

9.4
13.5
2 9.0
15 .6
6 .2
5 .9
11.0
17.5
10.3
-4 .3

12.1
13.3
28.3
19.7
7 .8
8 .5
11.7
18.0
10.1
-6 .8

25 .3
12.6
45.5
23.0
6 .7
13.7
10.4
22.1
9.3
-1 7.4

7.2
9 .4
14.5
15.1
9.9
5.8
14.8
18.5
12.1
4 .7

4.1
21.4
30.6
24 .3
8.6
4 .4
1j . 1
9 .9
7.4
-6 .2

3. 3
16.1
-2 .8
-7 .1
-9 .2
-4 .5
8 .3
16.9
21 .0
14.3

3 .5
13.8
3 0.9
5.8
1.9
-1 .4
8.7
15.8
11.2
4 .0

2 .0
9 .2
5 3 .4
2 .5
4 .1
-8 .1
-9 .2
3 0. 6
2 8. 9
18.1

-1 .1
2 .7
0 .6
2 .4
4 .6
1 1.6
10.8
18.8
10 .0
8 .2

-3 .9
-3 .1
-4 .2
-9 .6
-6 .5
-3 .9
-0 .9
2.7
3.1
4 .7

18.2
4 4 .4
37 .6
17.3
-0 .1
2 .0
31 .7
3 .9
-5 .8
-1 9.2

1950. . .
1 9 5 1...
1 9 5 2 ...
1953. . .
1 95 4...
1955. . .
195 6...
1 95 7...
1 95 8...
1 95 9...

8.2
1 4.9
2 .0
-5 .8
1.6
1.7
2 .4
4 .4
8 .8
5 .4

7 .3
15.2
0 .8
-7 .8
1 .4
1.7
2 .4
4.8
10.3
5.6

13.9
22.9
-4 .1
-1 7.6
6.3
-0 .2
0.6
7.6
19.6
2.3

4 .4
12.6
7.1
0.7
0.3
3 .4
4.3
2.9
4.2
9 .6

0.2
3.9
-2 .2
-4 .2
-5 .1
0 .7
1.0
3. 5
2 .3

12.8
20.1
12.7
-4 .4
-2 .8
5.2
6 .1
6.4
13.2
15.0

10.8
13.9
5.3
-0 .4
2.0
1.7
2 .4
3.3
5 .0
h .7

12.7
18.1
5 .7
3 .8
3 .7
3 .3
0 .6
5.1
2 .5
6.0

5 .4
7.0
5.1
2.6
2.3
5 .3
3 .2
5 .4
5. 2
9 .4

8. 6
10.2
9. 3
8.5
7.5
8 .4
10.0
9 .0
8.1
9 .8

11 .4
10 .9
3 .9
-1 4 .6
-4 .5
-8 .8
4 .9
-7 .2
12.8
-7 .2

1 96 0...
196 1...
1962. . .
1 96 3...
196 4...
1965. . .
1966. . .
1 96 7...
1 96 8...
1 96 9...

0 .7
4.4
5 .9
4.4
0 .7
5 .8
8. 5
4.6
3 .5
6 .6

-0 .5
4. 1
6 .2
3.9
-0 .8
5. 3
9 .3
4 .5
1.8
6 .7

-<♦.4
6.1
10.2
4.3
-7 .0
8.3
15.0
1.7
-0 .2
12.3

0 .4
2.3
3 .4
3.1
3 .4
3.1
6.2
7.9
2 .4
1.4

5 .4
4.2
3 .4
3.1
2 .4
3. 5
2. 2
1. 1
5.3
5.9

10.6
3.1
9 .2
11.9
5 .9
7.3
11.1
11.3
3 .7
8. 8

3. 9
5. 4
5. 0
5.6
4. 6
6. 9
6 .6
4. 7
7.7
6 .2

2.0
1.2
3. 2
3 .7
4.4
4 .2
5 .3
7 .4
7 .2
6 .0

7 .0
5.2
4 .2
3 .6
3 .5
4. 2
6 .8
6 .0
8. 3
6.9

9 .8
9.2
10.6
11.5
12.5
12.9
11.4
10.6
11.1
10.4

4 .4
19.8
9 .0
10.6
2 .0
14 .0
7.3
-7 .0
6.2
3.1

197 0...
1971. . .
197 2...
1973. . .
197 4...
1 9 7 5...
1976. . .
1 97 7...
197 8...
1 97 9...

5. 5
6 .6
1 0.4
25 .3
10.1
5.1
9 .6
6.8
10.5
16.2

6 .0
6.4
8 .5
26.6
10.6
3 .0
11.0
6.3
9.8
17.9

8.9
7. 3
13.6
4 1.6
-5 .2
-8 . 5
14.5
4.6
15.3
19.3

2.7
8.2
4.2
13.1
31.0
14.1
8.5
7.1
5.2
18.5

4 .7
0 .4
5.2
13.9
15.4
5.3
10.7
5.9
3.2
4 .0

12.8
1.7
7 .4
25.1
23.4
8 .3
7 .6
13.1
20.2
29.4

4. 2
7.2
14.9
22.5
9 .0
9.8
6. 5
7.9
12.0
12.6

2 .8
8.7
7. 3
13 .4
18.1
19 .2
9 .7
9. 7
9 .8
11.7

5 .7
4. 2
4.1
2.5
7.3
7.7
8 .2
9.2
7.3
6 .5

8 .6
8 .0
11.9
17.0
22 .0
12.4
12.6
13.0
20.2
20.4

3 .4
5. 3
5 5 .4
6 2 .7
-1 0 .2
-9 .8
-8 .3
-3 .8
16. 1
1 2. 5




4.0

TABLE 931.4

89

FARM PRODUCTION EXPENSES
PERCENTAGE OF TOTAL
1
1
|
1
1
i
i
1910.. .|
1 9 1 1 ...I
1 9 1 2 ...j
1913. . . |
1 9 1 4 ...|
1915. . . |
1 9 1 6 ...J
1 9 1 7 ...|
1918...|
1 919...|
1
1920...|
1921...1
1922...1
1 9 2 3 ...!
1 9 2 4 ...|
1 925...|
1 9 2 6 ... |
1 9 2 7 ...!
1 92 8 ...!
1 92 9...!

YEAR

OTHER PRODUCTION EXPENSES

CURRENT OPERATING EXPENSES
TOTAL
TOTAL

ITEMS WITH
FARM ORIGIN
(LIVES TOC K,
FEED, SEEDJ

ITEMS
WITH
NONFARM
ORIGIN

HIRED
LABOR

INTEREST ON
NON-REALESTATE
DEBT

TOTAL

CAPITAL
CONSUMPTION
ALLOWANCES

PROPERTY
TAXES

INTEREST
ON
MORTGAGE
DEBT

RENT

10 0 .0
100.0
100.0
100.0
100.0
100.0
100.0
10 0.0
100.0
100.0

6 7. 9
66.1
6 6 .4
6 5 .9
6 5 .4
6 3 .4
6 3.3
63 .0
6 6.2
6 5 .2

19.3
16.8
18.5
18.1
17.2
16.3
17.6
18.9
2 3 .4
21.6

2 1. 4
22.2
21.5
2 1.5
22.2
2 1.6
21.3
2 0. 4
20.3
20.5

2 1.4
21.2
20.6
20.2
2 0.0
19.6
18.7
18.5
17.8
18.2

5 .9
5 .9
5 .8
6. 1
6 .1
6.0
5 .6
5.2
4 .7
4 .9

32.1
3 3. 9
3 3 .6
34. 1
34 .6
36 .6
3 6.7
37.0
3 3. 8
34.8

11.8
1 2.4
12.2
12.1
12 .0
12.6
12.3
11.7
12.0
12.5

5 .5
6.0
5 .9
6.5
6.5
6.8
6.3
5 .6
4 .8
5.4

5. 7
6 .3
6 .6
6 .9
7.3
7 .5
7.1
6.2
5 .6
5 .7

9 .1
9 .2
8. 9
8 .6
8. 8
9 .7
11 .0
13 .5
1 1. 4
11.1

10 0.0
100.0
100.0
100.0
100.0
10 0.0
100.0
100.0
100.0
100.0

6 7.8
61.1
6 1.2
6 2.5
6 3. 7
6 5 .4
6 6 .0
6 4. 8
66.2
6 5. 6

2 1. 0
15.6
16.7
17.5
20.8
20 .5
19.4
20.1
21.9
20.2

20.6
2 0. 4
20.5
21.3
20.7
22.3
2 3.4
2 2. 6
23.1
23.9

20.3
17.6
17.0
17.7
16.8
17.2
18.0
17.4
16.6
17.0

6.0
7 .5
7 .0
6.0
5 .4
5. 3
5 .1
4. 8
4 .5
4 .6

32 .2
3 8. 9
3 8. 8
37.5
3 6.3
3 4. 6
3 4 .0
35.2
3 3. 8
3 4 .4

13.7
15.7
14.1
1 3. 4
12.8
11.9
12 .0
11.9
11.6
1 2.0

6.3
8 .8
8 .8
8.4
7 .8
8 .0
8 .1
8.3
8 .2
8 .5

6 .5
9 .8
10.3
9 .6
8 .7
8 .3
8.1
7 .9
7. 6
7 .6

5 .7
4 .6
5 .6
6 .1
7 .0
6.4
5 .8
7.0
6 .4
6 .3

1930. . . |
1931...1
1932.. .|
1 93 3...!
1 9 3 4 ...|
1935...1
1 93 6 ...!
1937...|
1938...|
1 939.. . J
j
1 9 4 0 ...|
1941...|
1 94 2...!
1 9 4 3 ...!
1 94 4 ...!
1945...|
1946. . . |
1 94 7 ...!
1 94 8 ...!
1 9 4 9 ...!
1
1
1 9 5 0 ...!
1951. . . !
1 95 2 ...!
1 95 3...!
1 95 4...!
1 95 5...!
1 95 6... !
1 9 5 7 ...|
1958. . . !
1959. . . |

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

6 4.1
6 1 .5
5 9.3
6 0 .7
6 2.7
6 4.0
6 6.1
6 8. 1
6 7. 6
6 9. 3

18.4
14.8
13.8
15.7
17.6
18.5
2 1.0
2 1. 5
19.1
21.8

24.2
25.0
25.2
26.3
27.1
27.6
2 7.3
2 8.4
29 .3
28 .9

16 .9
16.5
14.9
14.2
14.4
15.1
15.4
16.0
16.5
15.8

4 .6
5.2
5 .4
4 .5
3 .6
2.7
2.4
2 .2
2.6
2.9

3 5 .9
38 .5
4 0 .7
3 9. 3
3 7. 3
36 .0
3 3. 9
31.9
3 2 .4
3 0. 7

13.8
15.5
1 6.4
14.8
13.8
13.0
12.9
12.9
14.1
12.5

9.3
1 0. 6
11 .4
10.1
9.0
8 .5
7.8
7.3
7 .6
7.3

8 .2
10.0
11.7
10.8
9. 1
7.7
6.5
5.5
5 .4
4 .9

4.6
2 .5
1.2
3 .6
5 .4
6 .8
6 .8
6.2
5 .4
6.0

100.0
100.0
100.0
100.0
10 0. 0
100.0
100.0
100.0
100.0
100.0

7 1. 0
70.9
70 .5
7 3. 0
74.1
7 5. 9
7 6 .4
76 .7
76.5
7 4. 5

2 5. 0
2 4. 8
27.9
2 9.7
29.8
3 2. 0
31 .9
33.1
3 2.8
28.3

2 8.3
27 .3
24.2
24.1
25 .0
2 4.9
25.8
2 6.0
26.4
28.9

15.0
16.1
16.2
17.5
17.9
17.6
17.5
16.3
15.9
15.6

2 .7
2 .8
2 .1
1. 7
1 .4
1 .3
1 .3
1.3
1 .4
1 .6

2 9. 0
29 .1
2 9.5
2 7. 0
2 5. 9
24.1
2 3 .6
2 3. 3
2 3. 5
2 5.5

11 .6
11.2
13.3
11.8
11.6
10 .0
8 .2
9.1
10.7
13.2

6.6
6 .0
4.6
4 .1
4 .0
4.3
4 .3
4.3
4.3
4 .8

4.3
3.6
2 .7
2 .1
1.9
1.7
1.5
1.3
1.2
1 .4

6 .5
8.3
8 .9
9 .0
8.5
8.1
9 .7
8. 5
7 .3
6 .2

100.0
10 0.0
100.0
10 0.0
10 0.0
100.0
100.0
100.0
100.0
100.0

7 3.9
7 4.1
7 3.2
71.7
7 1.6
71.6
7 1. 6
7 1.9
72 .9
73.0

29 .8
3 1. 9
3 0. 0
26 .3
27.5
2 7 .0
26.5
27.3
30.1
2 9.2

27.9
27.3
28.7
30 .7
30.3
30 .8
3 1. 4
3 0.9
29 .6
30.8

14.4
13.1
12.5
12.7
11.9
11.8
11.6
11.5
11.0
10.7

1 .7
1.8
2 .0
2 .0
1. 9
2.0
2 .1
2.1
2 .2
2.4

26.1
2 5 .9
2 6.8
2 8.3
2 8 .4
2 8 .4
2 8 .4
28.1
27.1
2 7. 0

13 .7
14.1
14.6
16.1
1 6. 4
1 6.7
1 6. 4
16.5
15.6
1 5.6

4.7
4 .4
4 .5
4 .9
5 .0
5.1
5 .2
5 .2
5. 1
5 .3

1 .4
1.3
1 .4
1.6
1.7
1.8
1. 9
2 .0
2.0
2.1

6 .3
6. 1
6 .2
5.7
5 .3
4 .8
4.9
4 .3
4 .5
4.0

1 9 6 0 ...I
1961. . . i
1962. . . !
1 963...|
1 9 6 4 ...|
1 96 5...!
1966. . . ]
1 96 7...!
1968. . . !
1969. . . !
j
1 9 7 0 ...!
1971...|
1972...1
1 9 7 3 ... |
1 97 4 ...!
1 9 7 5 ...!
1976. . . |
1977. . . )
1978. . . !
1 9 7 9 ...!
1

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

72 .2
7 1.9
72.1
71.8
70 .7
7 0 .4
70.9
70.9
6 9. 7
69.8

27.7
28.1
29.2
2 9.2
2 7 .0
27 .7
29.3
28.5
2 7.5
2 9.0

30.7
30 .0
29.3
2 9.0
29.8
29.0
2 8. 4
2 9.3
29.0
27.6

11 .2
11.2
10.9
10.8
10.9
10.7
10.1
9.8
9 .9
9 .9

2.6
2.6
2 .7
2 .9
3 .0
3.1
3.1
3 .3
3 .3
3 .4

27.8
28.1
2 7. 9
28.2
2 9.3
2 9.6
29.1
29.1
30.3
3 0.2

15.8
15 .3
15 .0
14.9
1 5. 4
15.2
14.7
15.1
15.7
15.6

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

2. 3
2 .4
2 .5
2. 7
3 .0
3 .2
3 .3
3 .5
3.7
3 .9

4 .1
4 .7
4 .8
5.1
5.2
5. 6
5. 5
4.9
5. 1
4 .9

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

70.2
70.0
68 .8
6 9.5
6 9.8
6 8 .4
6 9 .3
6 9. 0
68 .6
6 9. 6

29.9
30.1
3 0.9
34 .9
30.1
26.2
2 7.4
26 .8
2 8.0
28.8

26.8
27.2
25.7
23.2
27 .6
29.9
29.6
29 .7
28.3
28.9

9. 8
9.2
8. 8
8. 0
8 .4
8 .4
8 .5
8 .4
7.8
7. 0

3 .6
3 .5
3.4
3.4
3 .8
3.9
3 .8
4 .1
4.4
4 .9

29.8
3 0.0
31.2
3 0.5
30.2
31.6
30.7
31.0
31 .4
3 0.4

15.2
15.5
15.1
13.6
14.6
16.6
16.6
17.1
17.0
16 .3

5 .8
5 .7
5 .4
4.4
4 .3
4.4
4 .3
4 .4
4.3
3.9

4.0
4 .0
4. 1
3 .8
4 .2
4 .5
4.6
4.9
5 .3
5 .5

4 .8
4 .7
6 .7
8. 7
7. 1
6.1
5.1
4 .6
4 .8
4 .6




90

TABLE 941.1

CASH FLOW AN0 NET INCOME
CURRENT OOLLARS
AMOUNTS IN MILLIONS OF DOLLARS
CASH FLOW INCLUDING UNREALIZED AND NONMONEY FARM INCOME

YEAR

1
|
I TOTAL
1

| NONFARM
| INCOME
I
OF THE
I
FARM

FARM CASH FLOW
|
1
LANDLORDS'
1
OPERATORS'
NET RENTAL
NET FARM
| TOTAL

CASH FLOW EXCLUDING UNREALIZED AND NONMONEY FARM INCOME

1
1
CAPITAL
I TOTAL
CONSUMPTION!

I P O P U L A T I O N] _______________IMLQtlE______ 1MLQME_____ ALL£ttAAl£££J_______

1 910...
1911...
1912...
1913...
1 914...
1 9 1 5 ..
1 916...
1917...
1918...
1919...

|
|
|
|
]
j
|
|
|
|

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

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

4894.
4116.
5221.
4501.
4943.
5147.
5600.
9743.
10548.
10953.

4158.
3342.
4409.
3680.
4106.
4220.
4469.
8204.
8787.
8985.

320.
331.
343.
340.
355.
403.
534.
825.
859.
928.

416.
443.
469.
481.
482.
524.
597.
714.
902.
1040.

1920...
1921...
1 9 2 2 ..
1923...
1924...
1925...
1926...
1927...
1928...
1 92 9...

|
j
|
|
|
|
j
j
|
j

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

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

9510.
4713.
5645.
6441.
6327.
8076.
7248.
7109.
7377.
7554.

7795.
3370.
4343.
5068.
4855.
6734.
5937.
5699.
5981.
6152.

504.
304.
36 8.
430.
520.
470.
425.
52 0.
496.
486.

1211.
1039.
934.
943.
952.
872.
886.
890.
900.
916.

1 93 0...
1 931...
1 932...
1 93 3...
1934...
1 93 5...
193 6...
1 93 7...
1 93 8...
1 93 9...

j
|
j
j
I
I
1
1
J
I

******
******
******
******
6015.
8596.
8059.
9929.
7987.
8184.

******
******
******
******
2186.
2307.
2640.
2748.
2475.
2610.

5535.
4336.
2821.
3357.
3829.
6289.
5419.
7181.
5512.
5574.

4259.
3344.
2032.
2555.
2923.
5278.
4308.
6005.
4361.
4414.

321.
136.
55.
158.
256.
347.
383.
380.
318.
379.

955.
856.
734.
644.
650.
664.
7 28.
796.
833.
781.

1 9 4 0 . . . .1
1 941... 1
1942.... 1
1 9 4 3 . . . ,|
1 944.... !
1 9 4 5 . . . .1
1946.... I
1947.... I
1 9 4 8 . . . .1
1 949..., I

8486.
11264.
16019.
18510.
18608.
19091.
22209.
23659.
26851.
22 444.

2759.
3257.
3941.
4361 .
4435.
4405.
4551.
5297.
5815.
6192.

5727.
8007.
12078.
14149.
14173.
14686.
17658.
18362.
21036.
16252.

4482.
6490.
9853.
11736.
11705.
12312.
15068.
15354.
17664.
12780.

448.
647.
890.
1044.
1043.
1064.
1401.
1455.
1370.
1107.

797.
870.
1335.
1369.
1425.
1310.
1189.
1553.
2002.
2365.

1950.... I
1951..., |
1952.... I
1 953.... I
1 9 5 4 . . . .1
1 9 5 5 . . . .1
1956.... 1
1957.... I
1 9 5 8 .. . . 1
1959.... 1

23809.
26960.
26434.
24085.
23047.
22259.
22670.
22643.
25021.
23165.

6263.
6511.
6726.
6437.
5934.
6197.
6584.
6616.
6681 .
7124.

17546.
20449.
19708.
17648.
17113.
16062.
16086.
16027.
18340.
16041.

13648.
15934.
14961.
12980.
12373.
11305.
11254.
11085.
13168.
10713.

1233.
1368.
1421.
1214.
1159.
1057.
1109.
1029.
1161.
1077.

2665.
3147.
3326.
3454.
3581.
3700.
3723.
3913.
4011.
4251.

1 9 6 0 . . . .1
1961.... 1
1962. .. . I
1963. . .. 1
1964.... 1
1965.... I
1 966.... 1
1 9 6 7 . . . .1
1968.... I
1969. .. . I

24215.
25328.
26403.
27047.
26793.
30523.
32572.
31739.
33349.
36857.

7236.
7637.
8342.
8958.
9743.
10627.
11205.
11737.
12828.
13929.

16979.
17691.
18061.
18089.
17050.
19896.
21367.
20002.
20521.
22928.

11518.
11957.
12064.
11770.
10492.
12899.
13960.
12339.
12322.
14293.

1124.
1346.
1467.
1623.
1655.
1886.
2023.
1882.
1999.
2061.

4337.
4388.
4530.
46 96.
4903.
5111 .
5384.
5781.
6200.
6574.

1 9 7 0 . . , .1
1971. .. , I
1 9 7 2 .. . .1
1 9 7 3 . . . .1
1 9 7 4 .. . .1
1975 . . ,. I
1 9 7 6 .. .. I
1 9 7 7 .. .. |
1 9 7 8 .. . |
1 9 7 9 .. . |

37516.
39575.
47794.
67663.
63591.
64321.
60215.
63 893.
78028.
86900.

14473.
15346.
17751.
19690.
21798.
22660.
23500.
24920.
28787.
32000.

23043.
24229.
30043.
47973.
41793.
41661.
36715.
38973.
49241.
54900.

14151.
14633.
18665.
33349.
26130.
24475.
18682.
19759.
27880.
31000.

2132.
2246.
3491.
5679.
5100.
4600.
4220.
4058.
4713.
5300.

6760.
7350.
7887.
8945.
10563.
12586.
13813.
15156.
16648.
18600.

"TOTAL CASH
OPERATORS.
TO 1934 BUT
AS SHOWN IN
"LANDLORDS'

|

j
|
]
j
2
j
i
i
j
j
i
1
i
j
i
i
j
j
i
i
j
j
i
i
{
i
i
1
1
I
I
1
I

1 NONFARM
1 INCOME
1 OF THE
1
FARM

FARM CASH FLOW
|
|
LANDLORDS'
OPERATORS'
|
NET RENTAL
| TOTAL
NET FARM

LPQPUL A T I O N

1_________ UiLQOt______ LfltQMf----- ALLQMAM£££.

CAPITAL
CONSUMPTION

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2985.
2777.
298 7.
3086.
28 44 .
3 15 2.
404 1.
618 3.
772 1.
81 75.

22 4 9.
20 03 .
21 75 .
2 26 5.
20 0 7.
22 2 5.
2910.
464 4.
5960.
62 07 .

320.
331.
343.
34 0.
355 .
403 .
534.
825.
859.
92 8.

416.
443.
4 69 .
481.
482.
524.
597.
714.
902.
1040.

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5478.
27 63 .
32 63.
38 64.
42 50 .
50 16 .
44 9 7.
4 68 1.
46 30 .
5050.

3763.
1420.
1961.
2491.
2778.
3674.
3186.
3271.
3234.
3648.

504.
304.
368 .
430.
520.
470.
425.
520.
496.
48 6.

1211.
1039.
934.
94 3.
952.
872.
886.
890.
900.
916.

******
******
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5180.
5895.
6778.
6946.
5875.
6139.

******
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21 86 .
2307.
2640.
2748.
2475.
2610.

338 7.
1836.
1054.
1907.
2994.
358 8.
4138.
4 19 8.
3400.
3529.

2 111.
844.
265.
1105.
2088.
2577.
3027.
3022.
2249.
2369.

32 1.
136.
55.
158.
256.
347.
383.
380.
318.
379.

955.
856.
734.
644 .
650.
664.
728.
796.
833.
781.

1
!
1
|
I
1
1
I
1
I
|
I
|
1
I
I
|
1
I
I
I

6251.
8648.
12341.
15431.
15882.
16122.
18215.
21207.
20881.
19672.

2759.
32 57.
3941.
4361.
4435.
4405 .
4551.
5297.
5815.
6192 .

349 2.
5391.
8400.
11070.
11447.
11717.
13664.
15910.
15066.
13480.

2247.
3874.
61 75.
8657.
8979.
9343.
11074.
12902.
11694.
10008.

44 8.
647.
890.
1044.
1043.
1064.
1401.
1455.
1370.
1107.

797.
870.
1335.
1369.
1425.
1310.
1189.
1553.
2002.
2365.

19470.
21864.
21556.
20936.
19056.
18625.
19807.
18754.
20830.
19831.

62 63.
6511 .
6726.
6437.
5934.
6197.
658 4.
6616.
6681 .
7124.

13207.
15353.
14830.
14499.
13122.
12428.
13223.
12138.
14149.
12707.

9309.
10838.
10083.
9831.
8382.
7671.
839 1.
7196.
8977.
7379.

1233.
1368.
1421.
1214.
1159.
1057.
1109.
1029.
1161.
1077.

2665.
3147.
3326.
3454.
3581.
3700.
3723.
3913.
4011.
4251.

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

20515.
21681.
22532.
23137.
24332.
26189.
29232.
27599.
29668.
32981.

7236.
7637.
8342.
8958.
9743 .
10627.
11205.
11737.
12828.
13929.

13279.
14044.
14190.
14179.
14589.
15562.
18027.
15862.
16840.
19052.

7818.
8310.
8193.
7860.
8031.
8565.
10620.
8199.
8641.
10417.

1124.
1346.
1467.
1623.
1655.
1886.
2023.
1882.
1999.
2061.

4337.
4388.
4530.
4696.
4903.
5111.
5384.
5781.
6200.
6574.

33740.
34220.
42628.
59240.
59220.
54232.
55274.
54392.
67825.
74000.

14473.
15346.
17751.
19690.
21798.
22660.
23500.
24920.
28787.
32000.

19267.
18874.
24877.
39550.
37422.
31572.
31774.
29472.
39038.
42000.

10375.
9278.
13499.
24926.
21759.
14386.
13741.
10258.
17677.
18100.

2132.
2246.
3491 .
5679.
5100.
4600.
4220.
4058.
4713.
5300.

6760.
735 0.
7887.
8945.
10563.
12586.
13813.
15156.
16648.
18600.

FLOW" ATTEMPTS TO SHOW THE CASH FLOW FROM FARMING RECEIVED BY FARM OWNERS AND OPERATORS PLUS THE NONFARM INCOME OF FARM
IN THIS T AB LE, OPERATORS' NONFARM INCOME IS APPROXIMATED BY "NONFARM INCOME OF FARM POPULATION," WHICH IS AVAILABLE BACK
WHICH EXCLUDES NONRESIDENT OPERATORS AND INCLUDES NONOPERATCR RESIDENTS.
SINCE 1960, A PREFERABLE SERIES IS AVAILABLE
TABLE 9 5 1 . 1 .
"OPERATORS' NET FARM INCOME" IS GROSS FARM INCOME (T AB LE 9 2 1 . 1 ) LESS PRODUCTION EXPENSES (T ABLE 9 3 1 . 1 ) .
NET RENTAL INCOME" IS THE SERIES LABELLED "RENT" IN TABLE 931.1 (FOR MORE INFORMATION, SEE THE FOOTNOTE TO THAT T A B L E ) .




TABLE 941.2

91

CASH FLOW AND NET INCOME
CURRENT DOLLARS
CHANGE FROM PREVIOUS YEAR IN MILLIONS OF DOLLARS
I
CASH FLOW EXCLUDING UNREALIZED AND
1
FARM
1
1 NONFARM »
INCOME
1
i
L
CAPITAL
I TOTAL | OF THE
I
OPERATORS*
FARM
CONSUMPTION!
j
NET FARM
I TOTAL

CASH FLOW INCLUDING UNREALIZED AND NONMONEY FARM INCOME
YEAR
TOTAL

NONFARM
INCOME
OF THE
FARM

FARM CASH FLOW
1
1
I
OPERATORS'
LANDLORDS'
I TOTAL
NET FARM
NET RENTAL

1 9 1 1...
1 91 2...
191 3...
1 91 4...
1 9 1 5...
1 91 6...
1 91 7...
1 91 8...
1 91 9...

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-7 78 .
1105.
-7 20 .
442.
204.
453.
414 3.
805.
405.

-8 16 .
1067.
-7 29 .
426.
114.
249.
3735.
583.
198.

11.
12.
-3 .
15.
48.
131.
291.
34.
69 .

27.
26.
12.
1.
42.
73.
117.
188.
138.

1 92 0...
1 92 1...
1 92 2...
1 923...
1 92 4...
1 9 2 5...
1 92 6...
1927...
1 9 2 8...
1 92 9...

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-1443.
-4 79 7.
932.
796.
-1 14 .
1749.
-8 2 8 .
-1 39 .
268.
177.

-1190.
-4 42 5.
973.
725.
-2 13 .
1879.
-7 9 7 .
-2 3 8 .
282.
171.

-4 24 .
-2 0 0 .
6 4.
62.
90.
-50.
-45.
95.
-2 4.
-1 0.

171.
-172.
-1 05 .
9.
9.
-80.
14.
4.
10.
16.

1 93 0...
1 93 1...
1 9 3 2...
1 9 3 3...
1 9 3 4...
193 5...
1 93 6...
1 93 7...
1 93 8...
1 93 9...

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258 1.
-5 37 .
1870.
-1942.
197.

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121.
333.
108.
-2 73 .
135.

-2 01 9.
-1199.
-1515.
536.
472 .
2460.
-8 70 .
1762.
-1669.
6 2.

-1 89 3.
-9 15 .
-1312.
523.
368.
2355.
-9 70 .
1697.
-1 64 4.
53.

-1 65 .
-185.
-8 1 .
103.
98.
91 .
36.
-3 .
-62.
61 .

39.
-9 9.
-1 22 .
-9 0.
6.
14.
64 .
68.
37.
-52.

1940...
1 94 1...
1 94 2...
1 9 4 3...
194 4...
1 9 4 5 .. .
1 94 6...
1 94 7...
1 94 8...
1 94 9...

302.
27 78 .
4 755.
2491.
98 .
483.
3118.
1450.
3192.
-4 40 7.

149.
498 .
684.
420.
74.
-3 0 .
146.
746.
518.
377.

153.
2280.
4071.
2071.
24.
513.
2972.
704.
2674.
-4784.

68.
2008.
3363.
1883.
-3 1 .
607.
2756.
286.
2310.
-4 88 4.

69 .
199.
243.
154.
-1 .
21.
337.
54.
-8 5.
-2 63 .

16.
73.
465.
34.
56.
-115.
-1 21.
364.
449.
363.

1 95 0...
1 9 5 1...
1 95 2...
1 9 5 3...
1 9 5 4...
195 5...
1 95 6...
1 95 7...
1 9 5 8...
1 95 9...

1365.
315 1.
-5 2 6 .
-234 9.
-1 038.
-7 88 .
411.
-2 7.
2378.
-1 85 6.

71 .
248.
215.
-2 89 .
-5 03 .
263.
387.
32.
65 .
443.

1294.
2903.
-7 41 .
-2 06 0.
-5 35 .
-1 05 1.
24.
-5 9 .
2313.
-229 9.

868.
228 6.
-9 73 .
-1 98 1.
-607.
-1068.
-5 1 .
-1 6 9 .
2083.
-2 4 5 5 .

126.
135.
53.
- 2 07.
-5 5 .
-1 02.
52.
-80.
132.
-8 4 .

300.
482.
179.
128.
127.
119.
23.
190.
98.
240.

1 96 0...
196 1...
1 96 2...
1 96 3...
1 96 4...
196 5...
1 9 6 6...
1 9 6 7...
1 96 8...
196 9...

1050.
1113.
1075.
644.
-2 54 .
3730.
2 049.
-8 33 .
1610.
3 508.

112.
401.
705.
6 16 .
785.
884.
578.
532.
1091.
1101.

938.
712.
37 0.
28 .
-1 03 9.
2846.
1471.
-1 365.
519.
2407.

805.
439 .
107.
-2 94 .
-1 2 7 8 .
2407.
1061.
-1621.
-17.
1971.

47 .
222.
121.
156.
32.
231.
137.
-1 4 1 .
117.
62 .

86.
51.
142.
166.
207.
208.
273.
397.
419.
374.

1 9 7 0...
197 1...
1 9 7 2...
197 3...
1 97 4...
1 9 7 5 ...
1 97 6...
1 97 7...
197 8...
1 97 9...

659.
2059.
8219.
19869.
-4 0 7 2 .
730.
-4106.
367 8.
14135.
8872.

544.
873.
2405.
1939.
2108.
862.
840.
1420.
3867.
3213.

115.
1186.
5814.
17930.
-6180.
-1 32 .
-4 9 4 6 .
2258.
10268.
5659.

-1 42 .
482.
4032.
14684.
-7 219.
-1655.
-5793.
1077.
8121.
3120.

71.
114.
1245.
2188.
-5 79 .
-5 0 0 .
-380.
-1 6 2 .
655.
587.

166.
590.
537.
1058.
1618.
2023.
1227.
1343.
1492.
1952.




1
j
|
|
|
j
j
j
j
j
l
1
j
|
|
|
j
|
j
|
j
2
ii
i
i
2
j
j
1
j
1
I
I

NONMONEY FARM INCOME
CASH FLOW
LANDLORDS'
NET RENTAL

CAPITAL
CONSUMPTION

******
******
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-2 08 .
210.
99 .
-2 42 .
308.
889 .
2142.
1538.
454.

-2 46.
172.
90.
-2 5 8 .
218.
685.
1734.
1316.
247.

11.
12.
-3 .
15.
48 .
131.
291.
34.
69 .

27.
26.
12.
1.
42.
73.
117.
188.
138.

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-2 69 7.
-2 71 5.
500.
601 .
386.
766.
-5 19 .
184.
-5 1 .
4 20 .

-2444.
-2343.
541.
530.
287.
896.
-4 88 .
85.
-3 7 .
414.

-4 24 .
-2 00 .
64.
62.
90.
-5 0 .
-4 5 .
95.
-2 4 .
-1 0 .

171.
-1 72.
-1 05 .
9.
9.
-80.
14.
4.
10.
16.

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715.
883.
168.
-1071.
264.

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121.
33 3.
108.
-2 7 3 .
135.

-1663.
-1 55 1.
-7 82 .
853.
1087.
594.
550.
6 0.
-7 98 .
129.

-1537.
-1267.
-5 79 .
840.
983.
489.
450.
-5 .
-773.
120.

-1 65 .
-1 8 5 .
-8 1 .
103.
98.
91 .
36 .
-3 .
-6 2 .
61.

39.
-9 9 .
-1 2 2 .
-9 0 .
6.
14.
64 .
68.
37.
-5 2.

1
112.
| 2397.
I
3693.
| 3090.
1
451.
1
240.
I 2093.
I 2992.
| -326 .
I -1 20 9.
i
1 -2 02.
| 2394.
1 -3 08.
I -620.
! -1880.
I -4 31 .
1 1182.
I -1053.
(
2076.
!
-9 99.

149.
498.
684.
420.
74.
-3 0 .
146.
746.
518.
377 .

-3 7 .
1899.
3009.
26 70 .
377.
270.
1947.
2246.
-8 44 .
-1586.

-1 2 2 .
1627.
2301.
2482.
322.
364.
1731.
1828.
-1208.
-1686.

69 .
199.
243.
154.
-1 .
21.
337.
54.
-8 5 .
-263.

16.
73.
465.
34 .
56.
-1 15 .
-1 21 .
364.
449.
363.

71.
248.
215.
-2 89 .
-5 03 .
263.
387.
3 2.
6 5.
4 43 .

-2 73 .
214 6.
-5 23 .
-3 31 .
-1 37 7.
-6 94 .
7 95 .
-1 08 5.
2011.
-1442.

-6 9 9 .
1529.
-7 55 .
-2 5 2 .
-1449.
-7 11 .
720.
-1 19 5.
1781.
-1 59 8.

126.
135.
53.
-2 07 .
-5 5 .
-1 02 .
52.
-8 0 .
132.
-8 4 .

300.
482.
179.
128.
127.
119.
23.
190.
98 .
240.

112.
401 .
705.
61 6.
785.
884.
578.
532.
1091.
1101.

572.
765 .
146.
-1 1 .
4 10 .
973.
2465.
-2 16 5.
978.
2212.

439.
492.
-1 17 .
-3 33 .
171.
534.
2055.
-2421.
442.
1776.

4 7.
222.
121.
156.
32.
231.
137.
-1 4 1 .
117.
62 .

86.
51.
142.
166.
207.
206.
273.
397.
4 19 .
374.

544.
873.
2405.
1939.
2108.
862.
84 0.
1420.
3867.
3213.

215.
-3 93 .
60 03 .
14673.
-2 128.
-5 850.
2 02 .
-2302.
9566.
2962.

-4 2 .
-1097.
4221.
11427.
-3167.
-7373.
-6 45 .
-3483.
7419.
423.

71.
114.
1245.
2188.
-5 7 9 .
-5 00 .
-3 80 .
-1 6 2 .
655.
587.

166.
590.
537.
1058.
1618.
2023.
1227.
1343.
1492.
1952.

!
684.
i
1166.
I
851.
I
605.
I
1195.
1 1857.
1 3043.
I -1633.
I 2069.
1 3313.
I
1
759.
|
480.
I
8408.
I 16612.
1
-2 0.
1 -4988.
1 1042.
1 -8 82 .
1 13433.
I 6175.
_J__________

92
TABLE 941.3

1
1.
1
YEAR
|
1
1
1
1
1 9 1 1 ...|
1912. . . I
1913...1
1 9 1 4 ...|
1 915...1
1 9 1 6 ...|
1 917.. . I
1 9 1 8 ...|
1 9 1 9 ...|
1
1 9 2 0 ...|
1921.. . |
1 922...1
1 9 2 3 ...|
1 9 2 4 ...|
1 92 5...1
1 9 2 6 ...J
1 927...1
1 9 2 8 ...|
1 9 2 9 ...|
1
1 9 3 0 ...|
1931.. . |
1 9 3 2 ... 1
1933. . . |
1934.. . I
1935.. . 1
1 9 3 6 ...|
1 93 7...1
1 9 3 8 ...|
1 9 3 9 ...|
I
1 9 4 0 ...i
1 9 4 1 ...|
1 9 4 2 ...|
1 9 4 3 ...|
1944 . . . |
1 9 4 5 ...|
1 9 4 6 ...|
1 9 4 7 ...|
1 94 8...1
1 9 4 9 ...|
j
1 9 5 0 ...|
1 9 5 1 ...|
1 9 5 2 ...|
1 9 5 3 ...|
1 954...1
1 9 5 5 ...i
1 9 5 6 ...|
1 9 5 7 ... |
1 9 5 8 ... I
1 9 5 9 ...I

CASH FLOW AND NET INCOME
CURRENT DOLLARS
PERCENTAGE CHANGE FROM PREVIOUS YEAR
|
1
FARM CASH FLOW
| NONFARM |
1
I
INCOME
!.
.,1
I
LANDLORDS'
CAPITAL
OPERATORS'
| OF THE
1
CONSUMPTION!
|
FARM
J TOTAL
NET FARM
NET RENTAL
1POPULATI ON1
INCOME
__ ALLOWANCES!
INCOME
1
|
*****
3.4
6 .5
-1 5 .9
-1 9 .6
|
*****
5.9
31.9
3 .6
2 6 .8
j
*****
-0 .9
2 .6
-1 3 . 8
-1 6 .5
j
*****
9. 8
11.6
4.4
0 .2
j
*****
2.8
13.5
8.7
4. 1
|
*****
13.9
8.8
5.9
3 2.5
j
*****
19.6
8 3. 6
54.5
74 .0
j
*****
2
6.3
8 .3
7. 1
4 .1
j
*****
15.3
2 .3
8 .0
3.8

CASH FLOW INCLUDING UNREALIZED AND NONMONEY FARM INCOME

TOTAL

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

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

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

*****

*****

*****

*****

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

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

*****
*****
*****
*****
*****
5.5

-1 3 .2
-5 0 .4
19.8
14. 1
-1 .8
2 7. 6
-1 0 .3
-1 .9
3 .8
2 .4

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

-4 5 .7
-3 9 .7
21.1
16.8
2 0. 9
-9 .6
-9 .6
2 2. 4
-4 .6
-2 .0

16.4
-1 4 .2
-1 0.1
1.0
1.0
-8 .4
1.6
0 .5
1.1
1. 8

1 4. 4
4.1
-9 .9
5 .5

-2 6 .7
-2 1 .7
-3 4 .9
19.0
14. 1
6 4. 2
-1 3 .8
3 2 .5
-2 3 .2
1.1

-3 0 .8
-2 1 .5
-3 9 .2
2 5 .7
1 4.4
8 0. 6
-1 8 .4
39.4
-2 7 .4
1.2

-3 4 .0
-5 7.6
-5 9 .6
187.3
6 2 .0
3 5.5
1 0.4
-0 .8
-1 6 .3
19.2

4 .3
-1 0 .4
-1 4.3
-1 2 .3
0.9
2.2
9 .6
9 .3
4 .6
-6 .2

3 .7
32.7
4 2 .2
1 5. 6
0 .5
2 .6
1 6.3
6 .5
1 3. 5
-1 6 .4

5 .7
18.1
2 1. 0
10.7
1 .7
-0 .7
3 .3
1 6. 4
9. 8
6.5

2 .7
3 9 .8
50.8
17.1
0 .2
3.6
2 0. 2
4.0
14.6
-2 2 .7

1 .5
44.8
5 1. 8
19.1
-0 .3
5 .2
2 2 .4
1 .9
15.0
-2 7 .6

18.2
4 4 .4
3 7. 6
17.3
-0 .1
2.0
3 1 .7
3.9
-5 .8
-1 9 .2

2 .0
9 .2
5 3.4
2 .5
4 .1
-8 .1
-9 .2
3 0 .6
2 8. 9
18.1

6 .1
1 3. 2
-2 .0
-8 .9
-4 .3
-3 .4
1.8
-0 .1
1 0.5
-7 .4

1.1
4 .0
3.3
-4 .3
-7 .8
4.4
6 .2
0.5
1 .0
6 .6

8 .0
16.5
-3 .6
-1 0 .5
-3 .0
-6 .1
0. 1
-0 .4
1 4. 4
-1 2 .5

6 .8
1 6.7
-6 .1
-1 3 .2
-4 .7
-8 .6
-0 .5
-1 .5
18.8
-1 8 .6

1 1.4
10.9
3 .9
-1 4 .6
-4 . 5
-8 .8
4.9
-7 .2
12.8
-7 .2

12.7
18.1
5 .7
3 .8
3 .7
3. 3
0. 6
5.1
2 .5
6.0

1 9 6 0 ...|
1 961.. . |
1 96 2... 1
1 9 6 3 ... |
1 9 6 4 ... |
1 9 6 5 ... I
1 9 6 6 ... |
1 9 6 7 ... ]
1968. . . |
1 9 6 9 ...|

4 .5
4 .6
4. 2
2 .4
-0 .9
1 3 .9
6 .7
-2 .6
5.1
1 0. 5

1.6
5 .5
9 .2
7.4
8 .8
9 .1
5.4
4.7
9 .3
8 .6

5 .8
4 .2
2 .1
0.2
-5 .7
1 6.7
7 .4
-6 .4
2 .6
11.7

7.5
3 .8
0 .9
-2 .4
-1 0 .9
2 2 .9
8 .2
-1 1 .6
-0 .1
1 6 .0

4 .4
19.8
9.0
10.6
2 .0
14.0
7 .3
-7 .0
6.2
3. 1

2 .0
1.2
3.2
3 .7
4.4
4.2
5.3
7 .4
7.2
6.0

1 97 0... |
1971.. .|
197 2... 1
1 9 7 3 ...|
1 9 7 4 ...|
1 97 5... 1
1 9 7 6 ...|
1*77...1
1 97 8... |
1 9 7 9 ...|

1.8
5. 5
2 0 .8
41.6
-6 .0
1.1
-6 .4
6. 1
2 2.1
1 1 .4

3 .9
6.0
15.7
1 0.9
10 .7
4.0
3.7
6.0
15.5
11.2

0 .5
5. 1
2 4 .0
5 9.7
-1 2 .9
-0 .3
-1 1 .9
6 .2
2 6. 3
11.5

-1 .0
3.4
2 7 .6
7 8 .7
-2 1 .6
-6 .3
-2 3 .7
5 .8
4 1. 1
11.2

3 .4
5 .3
5 5. 4
6 2 .7
-1 0 .2
-9 .8
-8 .3
-3 .8
16.1
12.5

2. 8
8.7
7 .3
13.4
18.1
19 .2
9 .7
9.7
9 .S
1 1.7

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

42.9
-6 .2
2 3 .2
-1 9 .6
2.5

1

________ L.




CASH FLOW EXCLUDING UNREALIZED AND NONMONEY FARM INCOME

TOTAL

*****

*****

*****
*****

*****
*****

-1 0 .9
8 .6
4.1
-1 1 .4
10.9
3 0 .8
5 9. 6
2 8.3
4 .1

3.4
3.6
-0 .9
4 .4
1 3.5
3 2 .5
5 4 .5
4.1
8.0

6.5
5 .9
2.6
0.2
8 .7
1 3 .9
1 9. 6
2 6 .3
1 5 .3

-3 3 .0
-4 9 .6
18.1
18.4
10 .0
18.0
-1 0.3
4 .1
-1 .1
9 .1

-3 9 .4
-6 2 .3
38.1
27.0
1 1.5
3 2 .3
-1 3 .3
2.7
-1 .1
12.8

-4 5 .7
-3 9 .7
2 1 .1
1 6. 8
2 0 .9
-9 .6
-9 .6
22.4
-4 .6
-2 .0

1 6 .4
-1 4 .2
-1 0 .1
1 .0
1 .0
-8 .4
1. 6
0 .5
1.1

14.4
4. 1
-9 .9
5 .5

-3 2 .9
-4 5 .8
-4 2 .6
8 0. 9
57 .0
19.8
15.3
1 .4
-1 9 .0
3 .8

-4 2.1
-6 0 .0
-6 8 .6
3 17 .0
8 9 .0
2 3 .4
17 .5
-0 .2
-2 5 .6
5.3

-3 4 .0
-5 7 .6
-5 9 .6
1 87 .3
62.0
3 5 .5
1 0 .4
-0 .8
-1 6 .3
19 .2

4.3
-1 0 .4
-1 4 .3
-1 2 .3
0 .9
2.2
9.6
9.3
4.6
-6 .2

1.8
38 .3
42.7
2 5. 0
2 .9
1.5
13.0
16 .4
-1 .5
-5 .8

5. 7
18.1
21.0
10.7
1.7
-0 .7
3 .3
16.4
9.8
6 .5

-1 .0
5 4 .4
5 5 .8
3 1 .8
3.4
2.4
16.6
lf r.4
-5 .3
-1 0 .5

-5 .1
7 2 .4
5 9 .4
4 0. 2
3 .7
4. 1
18.5
1 6.5
-9 .4
-1 4 .4

1 8. 2
44.4
3 7 .6
1 7. 3
-0 .1
2 .0
3 1 .7
3 .9
-5 .8
-1 9 .2

2.0
9 .2
5 3. 4
2 .5
4. 1

-1 .0
12.3
-1 .4
-2 .9
-9 .0
-2 .3
6 .3
-5 .3
11.1
-4 .8

1.1
4.0
3 .3
-4 .3
-7 .8
4.4
6.2
0.5
1.0
6 .6

-2 .0
16 .2
-3 .4
-2 .2
-9 .5
-5 .3
6.4
-8 .2
16.6
-1 0 .2

-7 .0
1 6 .4
-7 .0
-2 .5
-1 4 .7
-8 .5
9.4
-1 4.2
2 4 .7
-1 7.8

11.4
10.9
3 .9
-1 4 .6
-4 .5
-8 .8
4.9
-7 .2
1 2.8
-7 .2

1 2.7
18.1
5 .7
3 .8
3 .7
3.3
0.6
5.1
2 .5
6.0

3; 4
5.7
3. 9
2. 7
5.2
7 .6
11.6
-5 .6
7.5
11.2

1.6
5. 5
9. 2
7 .4
8 .8
9 .1
5 .4
4 .7
9 .3
8 .6

4.5
5 .8
1. 0
-0 .1
2 .9
6 .7
15.8
-1 2 .0
6.2
13.1

5 .9
6 .3
-1 .4
-4 .1
2 .2
6.6
2 4 .0
-2 2 .8
5 .4
20.6

4 .4
19.8
9.0
10 .6
2.0
14.0
7.3
-7 .0
6.2
3 .1

2 .0
1. 2
3.2
3 .7
4.4
4 .2
5 .3
7 .4
7. 2
6.0

3.9

1.1
-2 .0
31.8
59.0
-5 .4
-1 5 .6
0 .6
-7 .2
3 2. 5
7 .6

-0 .4
-1 0 .6
4 5 .5
8 4 .7
-1 2 .7
-3 3 .9
-4 .5
-2 5 .3
7 2 .3
2.4-

3 .4
5 .3
5 5 .4
6 2.7
-1 0 .2
-9 .8
-8 .3
-3 .8
16.1
1 2.5

2.8
8 .7
7. 3
1 3 .4
18.1
1 9.2
9.7
9.79 .8
1 1. 7

*****

*****

*****
*****

*****
*****

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

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

l
1
| *****

| *****
j *****
| *****
*****
*****
*****
*****
*****

| *****
j *****
| *****
j *****
} *****
1

13.8
15.0
1
2 .5
| -1 5 .4
|
4 .5

I

i
1
j
1
1
I
I
1
I
1
t
1
1
|
1
j
1
1
I
|
I
t
1
1
1
1
1
!
I
I
1
1
1
i
1
1
1
I
1
1
1
1
1
|
1
_L.

CA P ITA L
CONSUMPTION
ALLOWANCES

-7 .0
7 .6
3 .3
-7 .8
10.8
28.2
53.0
24.9
5 .9

j *****

|
j
j
|
]
I
1

| NUNFARM
1
FARM CASH FLOW
1 INCOME
1
1 OF THE
I
OPERATORS'
LANDLORDS'
I
FARM
| TOTAL
NET FARM
NET RENTAL
lP.QPULAIIQNl
INCOME
_ INCOME

2 .3
1 .4
2 4. 6
3 9.0
-0 .0
-8 .4
1.9

-1 .6
2 4.7
9.1

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

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

*****
*****
*****
*****
*****
5.5

6.0
15.7
10.9
10.7
4 .0
3 .7
6 .-0
15.5
11.2

1.8

- 8 .1
-9 .2
3 0 .6
2 8 .9
18.1

CASH FLOW AN0 NET INCOME
CURRENT OOLLARS
NONFARM INCOME AS A PERCENTAGE OF TOTAL CASH FLOW
FARM INCOME ANO CAPITAL CONSUMPTION ALLOWANCES AS A PERCENTAGE OF TOTAL FARM CASH FLOW

TABLE 9 4 1 .4

CASH FLOW INCLUDING UNREALIZED AND NONMONEY FARM INCOME
YEAR
TOTAL

FARM CASH FLOW
I NONFARM
i
INCOME
j
OF THE
OPERATORS'
LANDLORDS'
1
FARM
NET FARM
NET RENTAL
1 TOTAL
INCOME
INCOME
1POPULATION!

|
1
I
.1
CAPITAL
1
CONSUMPTION!
ALLOWANCES!
1
1
8. 5
1
10.8
1
9.0
j
10.7
}
9. 8
j
10.2
j
10.7
1
7.3
j
8 .6
J
9 .5
1
1
1
12.7
j
2 2 .0
1
16.5
1
14.6
j
15.0
j
10.8
1
12.2
1
1 2. 5
1
12.2
}
12.1
1
1
j
17.3
1
1 9.7
1
2 6. 0
1
19.2
1
1 7.0
10 .6
)
1 3.4
i
]
11 .1
!
15.1
14.0
1
1
13 .9
1
|
1 0. 9
!
11.1
9.7
|
10.1
i
8 .9
i
6 .7
1
8. 5
I
1
9.5
14 .6
1
J
1
1
15.2
1
1 5.4
16.9
i
19.6
!
2 0 .9
1
(
23.0
2 3.1
1
2 4 .4
i
2 1 .9
1
2 6. 5
1

1 910...
1 91 1...
1 91 2...
1 9 1 3...
191 4...
191 5...
191 6...
191 7...
191 8...
191 9...

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

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

1
1
1
1
1
1
I
1
1
|

10 0 .0
100.0
100.0
10 0.0
100.0
100.0
100.0
100.0
100.0
100.0

8 5 .0
81 .2
8 4 .4
8 1 .8
83.1
8 2 .0
7 9. 8
8 4.2
83. 3
8 2 .0

6 .5
8.0
6 .6
7.6
7 .2
7 .8
9 .5
8 .5
8.1
8 .5

1 9 2 0...
1 92 1...
1 92 2...
1 92 3...
1 9 2 4...
1 92 5...
1 92 6...
1 9 2 7...
1 92 8...
1 9 2 9 ...

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

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

i
i
i
1
1
1
1
1
1
1

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
10 0.0

8 2 .0
7 1.5
7 6. 9
7 8. 7
7 6. 7
83.4
8 1 .9
8 0. 2
81.1
8 1 .4

5 .3
6 .5
6.5
6 .7
8. 2
5 .8
5 .9
7 .3
6.7
6.4

193 0...
1 9 3 1...
1 93 2...
1 93 3...
193 4...
193 5...
1 93 6...
193 7...
1 93 8...
1 9 3 9...

*****
*****
*****
*****
10 0.0
100.0
100.0
100.0
100.0
100.0

*****
*****
*****
*****
3 6. 3
2 6 .8
3 2 .8
2 7 .7
3 1 .0
3 1 .9

1
1
I
1
1
!
1
i
1
t

100.0
100.0
10 0.0
100.0
100.0
10 0 .0
100.0
100.0
10 0.0
10 0.0

7 6 .9
77.1
7 2.0
76.1
7 6 .3
8 3 .9
7 9. 5
8 3 .6
79 .1
7 9 .2

5.8
3. 1
1 .9
4.7
6.7
5 .5
7 .1
5.3
5 .8
6 .8

1 9 4 0...
194 1...
1 94 2...
1 94 3...
1 94 4...
194 5...
1 9 4 6...
1 9 4 7...
1 94 8...
1 9 4 9...

10 0.0
100.0
100.0
100.0
10 0.0
100.0
10 0.0
100.0
10 0.0
100.0

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

1
i
i
1
1
1
t
1
1
i

10 0.0
100.0
100.0
100.0
100.0
1 00 .0
100.0
100.0
100.0
100.0

7 8 .3
81. 1
8 1 .6
8 2 .9
8 2 .6
8 3. 8
85.3
8 3 .6
8 4. 0
7 8 .6

7 .8
8.1
7.4
7.4
7.4
7 .2
7 .9
7 .9
6.5
6.8

1 9 5 0...
1 95 1...
195 2...
1 95 3...
1 95 4...
195 5...
195 6...
1 9 5 7...
1 9 5 8...
1 9 5 9...

100.0
10 0.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

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

1 100.0
i ioo.o
1 10 0.0
( 10 0.0
1 10 0.0
I 1 00 .0
1 10 0.0
1 100.0
1 100.0
1 10 0.0

7 7 .8
7 7 .9
7 5.9
7 3 .5
7 2 .3
7 0 .4
7 0 .0
6 9 .2
7 1. 8
6 6 .8

7.0
6.7
7 .2
6.9
6.8
6.6
6.9
6 .4
6 .3
6.7

1 9 6 0...
1 9 6 1...
1 96 2...
1 96 3...
1 9 6 4...
1 96 5...
1966...
196 7...
1 96 8...
1969...

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

29,9
3 0 ,2
31 .6
33.1
3 6 .4
3 4 .8
3 4 .4
3 7 .0
3 8. 5
3 7 .8

j
1
1
1
1
1
1
1
1
i

100.0
10 0.0
10 0.0
10 0.0
100.0
100.0
100.0
100.0
100.0
10 0.0

6 7 .8
6 7 .6
6 6 .8
6 5. 1
6 1 .5
6 4 .8
65 .3
6 1 .7
6 0 .0
6 2 .3

6 .6
7 .6
8. 1
9.0
9.7
9.5
9 .5
9.4
9 .7
9 .0

2 5. 5
2 4 .8
25. 1
2 6 .0
2 8. 8
2 5 .7
2 5 .2
2 8 .9
3 0.2
28 . 7

1970...
1 97 1...
1 97 2...
1 9 7 3...
1 97 4...
1 9 7 5...
1 9 7 6...
197 7...
1 9 7 8...
1 97 9...

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

3 8 .6
38 .8
3 7. 1
2 9. 1
34 .3
3 5 .2
3 9 .0
3 9 .0
3 6. 9
3 6 .8

! 10 0.0
1
1
1
i
1
1
1
1
1

61.4
6 0 .4
6 2. 1
6 9 .5
6 2 .5
5 8 .7
5 0 .9
5 0 .7
5 6 .6
5 6 .5

9.3
9 .3
1 1.6
11.8
12.2
11.0
11.5
1 0.4
9.6
9.7

2 9.3
30.3
2 6 .3
18.6
2 5. 3
3 0 .2
3 7 .6
38 .9
3 3 .8
3 3 .9

ioo.o




100.0
100.0
10 0.0
ioo.o
100.0
100.0
100.0
10 0.0
100.0

93

CASH FLOW EXCLUDING UNREALIZED AND NONMONEY FARM INCOME
FARM CASH FLOW

100.0
10 0.0
ioo.o
10 0 .0
10 0.0
10 0.0
10 0.0
10 0.0
100.0
10 0.0

1 NONFARM
1
1
1 INCOME
\1 OF THE
1
FARM
I
i1
J1POPULATION!
1
*****
1
*****
1
*****
1
*****
1
*****
1
*****
i
*****
1
*****
1
*****
1
*****
1
j
*****
1
*****
1
*****
1
*****
]
*****
1
*****
1
*****
1
*****
|
*****
1
*****
1
j
*****
1
*****
1
*****
1
*****
1
I
4 2 .2
1
3 9.1
3 8 .9
1
3 9 .6
1
4 2.1
i
4 2.5
I
j
44.1
1
3 7.7
I
3 1. 9
1
1
2 8. 3
2 7. 9
1
27.3
1
25.0
i
2 5. 0
1
27.8
1
i
31.5

100.0
10 0.0
100.0
10 0.0
10 0.0
100.0
1 00 .0
10 0.0
10 0 .0
10 0.0

32.2
29.8
3 1 .2
3 0. 7
31.1
33.3
3 3 .2
3 5 .3
32 .1
3 5 .9

1
1
1
1
1
1
i
1
1

10 0.0
10 0. 0
10 0.0
10 0.0
10 0 .0
1 0 0 .0
10 0.0
1 0 0 .0
1 00 .0
| 10 0.0

7 0. 5
7 0.6
6 8 .0
6 7 .8
6 3 .9
6 1 .7
6 3 .5
5 9 .3
63.4
5 8.1

9.3
8 .9
9 .6
8.4
8 .8
8 .5
8 .4
8 .5
8 .2
8 .5

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

100.0
100.0
10 0.0
100.0
10 0.0
100.0
10 0.0
1 00 .0
10 0.0
10 0.0

35.3
3 5.2
3 7. 0
3 8. 7
4 0 .0
4 0. 6
3 8.3
4 2.5
4 3.2
4 2.2

1
1
1
1
1
1
1
1
i
i

1 00 .0
10 0.0
10 0 .0
10 0.0
100.0
10 0 .0
10 0.0
10 0 .0
10 0.0
100.0

5 8. 9
5 9 .2
5 7.7
5 5 .4
5 5 .0
5 5. 0
5 8 .9
5 1.7
5 1.3
5 4 .7

8 .5
9 .6
10.3
1 1. 4
1 1.3
12.1
11.2
1 1. 9
1 1. 9
1 0.8

3 2. 7
3 1. 2
3 1 .9
3 3.1
3 3 .6
3 2 .8
2 9 .9
3 6 .4
3 6. 8
3 4.5

1 100.0
i ioo.o
I 10 0.0
I 10 0.0
1 10 0.0
1 100.0
1 100.0
1 10 0.0
1 100.0
i 100.0
- J _____

4 2. 9
4 4.8
4 1 .6
3 3.2
3 6. 8
4 1. 8
4 2. 5
4 5. 8
4 2 .4
4 3. 2

1 10 0.0
1 100.0
1 10 0.0
1 100.0
1 100.0
1 100.0
1 10 0.0
1 1 00 .0
1 100.0
1 100.0
-J ________

5 3 .8
4 9 .2
5 4. 3
6 3 .0
5 8.1
4 5 .6
4 3 .2
3 4 .8
4 5 .3
4 3. 1

11.1
1 1.9
1 4.0
1 4 .4
1 3.6
1 4.6
13.3
1 3 .8
12.1
1 2.6

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

1
1
i
1
1
1
J
1
1
I

total

*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
10 0.0
10 0.0
10 0.0
10 0.0
10 0. 0
1 00 .0

_
TOTAL

OPERATORS'
NET FARM
INCOME

LANDLORDS'
NET RENTAL
INCOME

CAPITAL
CONSUMPTION
ALLOWANCES

10 0 .0
100.0
10 0. 0
10 0.0
100.0
10 0.0
10 0.0
100.0
100.0
10 0. 0

7 5.3
72.1
7 2. 8
7 3 .4
7 0 .6
7 0 .6
7 2 .0
7 5. 1
7 7.2
7 5. 9

10 .7
1 1.9
11 .5
11.0
12 .5
12.8
1 3.2
13.3
11.1
1 1 .4

13 .9
1 6. 0
1 5.7
15.6
16.9
16.6
14.8
1 1.5
11.7
12.7

10 0.0
10 0.0
10 0.0
100.0
10 0.0
10 0 .0
100.0
10 0.0
100.0
10 0.0

6 8 .7
5 1. 4
6 0. 1
6 4.5
6 5 .4
7 3. 2
7 0. 8
6 9 .9
6 9 .8
7 2 .2

9 .2
11.0
1 1.3
11.1
1 2. 2
9.4
9 .5
11.1
1 0.7
9 .6

2 2.1
3 7. 6
2 8. 6
2 4 .4
2 2 .4
1 7 .4
19.7
19 .0
1 9.4
18.1

1 00 .0
10 0.0
1 00 .0
100.0
10 0 .0
10 0 .0
10 0.0
1 00 .0
10 0.0
100.0

6 2 .3
4 6 .0
2 5 .1
5 7 .9
6 9 .7
7 1. 8
7 3. 2
7 2. 0
6 6 .1
6 7.1

9.5
7.4
5.2
8.3
8.6
9 .7
9.3
9.1
9 .4
1 0 .7

2 8. 2
4 6 .6
6 9 .6
3 3 .8
2 1. 7
1 8.5
17.6
19 .0
2 4.5
22 .1

10 0 .0
10 0.0
10 0. 0
10 0.0
10 0.0
10 0.0
100.0
10 0.0
100.0
10 0.0

6 4. 3
7 1. 9
73.5
7 8. 2
7 8 .4
7 9. 7
8 1. 0
8 1 .1
7 7. 6
7 4 .2

1 2. 8
1 2.0
1 0.6
9 .4
9.1
9.1
1 0.3
9 .1
9 .1
8.2

2 2. 8
16.1
15 .9
1 2. 4
1 2.4
11.2
8 .7
9 .8
13.3
17 .5

I

94
TABLE 942.1

CASH FLOW AND NET INCOME
IN 1967 DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS
CASH FLOW INCLUDING UNREALIZED AND NONMONEY FARM INCOME

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

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

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

17479.
14700.
18003.
15155.
16422.
16931.
17125.
25372.
23388.
21145.

14850.
11936.
15203.
12391.
13641.
13882.
13667.
21365.
19483.
17346.

1143.
1182 .
1183.
1145.
1179.
1326.
1633.
2148.
1905.
1792.

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

j
j
j
|
j
j
i
j
i
j

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

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

15850.
8793.
11245.
12605.
12357.
15383.
13675.
13671.
14380.
14725.

12992.
6287.
8651.
9918.
9482.
12827.
11202.
10960.
11659.
11992.

840.
567.
733.
841.
1016.
895.
802.
1000.
967.
947.

1 9 3 0 ..
1 9 3 1 ..
1932. .
1 9 3 3 ..
1 9 3 4 ..
1 9 3 5 ..
1 9 3 6 ..
1 9 3 7 ..
1 9 3 8 ..
1 9 3 9 ..

j
j
j
j
1
1
1
I
1
I
il
I
|
1
I
I
|
1
I
I
I

******
******
******
******
15000.
20915.
19419.
23091.
18927.
19673.

******
******
******
******
5451.
5613.
6361.
6391.
5865.
6274.

11070.
9509.
6897.
8652.
9549.
15302.
13058.
16700.
13062.
13399.

8518.
7333.
4968.
6585.
7289.
12842.
10381.
13965.
10334.
10611.

642.
298.
134.
407.
638.
844.
923.
884.
754.
911.

20205.
25542.
32826.
35734.
35309.
35419.
37964.
35365.
37241.
31434.

6569.
7385.
8076.
8419.
8416.
8173.
7779.
7918.
8065.
8672.

13636.
18156.
24750.
27315.
26894.
27247.
30185.
27447.
29176.
22762.

10671.
14717.
20191.
22656.
22211.
22842.
25757.
22951.
24499.
17899.

1067.
1467.
1824.
2015.
1979.
1974.
2395.
2175.
1900.
1550.

33022.
34653.
33250.
30069.
28630.
27754.
27850.
26860.
28 893.
26535.

8687.
8369.
8460.
80 36.
7371.
7727.
8088.
7848.
7715.
8160.

24336.
26284.
24790.
22032.
21258.
20027.
19762.
19012.
21178.
18375.

18929.
20481.
18819.
16205.
15370.
14096.
13826.
13149.
15206.
12271.

1710.
1758.
1787.
1516.
1440.
1318.
1362.
1221.
1341.
1234.

3696.
4045.
4184.
4312 .
4448.
46 13.
4574.
4642.
4632.
4869.

I9 6 0 ..
1 9 6 1 ..
1 9 6 2 ..
1 9 6 3 ..
1 9 6 4 ..
1 9 6 5 ..
1 9 6 6 ..
1 9 6 7 ..
1 9 6 8 ..
1 96 9. .

1
I
I
I
1
1
1
I
I
I
i
1
1
1
I
1
I
1
1
1
1

27300.
28268.
29142.
29 49 5.
28841.
32 299.
33510.
31739.
32005.
33567.

8158.
8523.
9208.
9769 .
10488.
11246.
11528.
11737.
12311.
12686.

19142.
19744.
19935.
19726.
18353.
21054.
21983.
20002.
19694.
20882.

12985.
13345.
13316.
12835.
11294.
13650.
14362.
12339.
11825.
13017.

1267.
1502.
1619.
1770.
1781.
1996.
2081.
1882.
1918.
1877.

4890.
4897.
5000.
5121 .
5278.
5408.
5539.
5781.
5950.
5987.

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

I
1
1
I
1
I
1
1
I
|

32258.
32626.
38144.
50836.
43054.
39901.
35317.
35203.
39 932.
39954.

12445.
12651.
14167.
14793.
14758.
14057.
13783.
13730.
14732.
14713.

19813.
19974.
23977.
36043.
28296.
25844.
21534.
21473.
25200.
25241.

12168.
12063.
14896.
25056.
17691.
15183.
10957.
10887.
14268.
14253.

1833.
1852.
2786.
4267.
3453.
2854.
2475.
2236.
2412.
2437.

5813.
6059.
6294.
6721.
7152.
7808.
8101.
8350.
8520.
8552.

YEAR

1 9 4 0 ..
1 9 4 1 ..
1 9 4 2 ..
1 9 4 3 ..
1 9 4 4 ..
1 9 4 5 ..
1 9 4 6 ..
19 4 7. .
1 9 4 8 ..
1 9 4 9 ..
1 9 5 0 ..
1 9 5 1 ..
1 9 5 2 ..
1 9 5 3 ..
1 9 5 4 ..
1 9 5 5 ..
1 9 5 6 ..
1 9 5 7 ..
1 9 5 8 ..
1 9 5 9 ..

TOTAL

| NONFARM
| INCOME
| OF THE
|
FARM
1POPULATION

FARM CASH FLOW
1
1
LANDLORDS'
OPERATORS'
1
NET FARM
| TOTAL
NET RENTAL
INCOME
INCOME
1

i
|
I
|
1
I
|
|
|
j
|
|
|
j
{
|

CASH FLOW EXCLUDING UNREALIZED AND NONMONEY FARM INCOME

1
1
CAPITAL
|
CONSUMPTION!
ALLOWANCES!
1
|
1486.
|
1582.
J
1617.
j
1620.
j
1601.
j
1724.
j
1826.
|
1859.
|
2000.
j
2008.
1
|
2018.
1
1938.
|
1861.
|
1845.
j
1859.
j
1661.
|
1672.
j
1712.
j
17 54.
j
1786.
1
j
1910.
j
1877.
|
1795.
|
1660.
I
1621.
1
1616.
|
1754.
1
1851.
1974.
|
I
1877.
i1
1898.
|
|
1973.
I
2736.
2643.
I
2704.
1
2430.
1
2032.
1
I
2321.
2777.
I
3312.
I

FARM CASH FLOW
1
1 NONFARM
1 INCOME
1
j
OPERATORS'
LANDLORDS'
TOTAL 1 OF THE
| TOTAL
NET FARM
NET RENTAL
FARM
1
INCOME
______ INCOME
_
IF>npin AT ION 1

CAPITAL
CONSUMPTION
ALLOWANCES

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

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

10661.
9918.
10300.
10391.
9449.
10368.
12358.
16102.
17120.
15782.

8032.
7154.
7500.
7626.
6668.
7319.
8899.
12094.
13215.
11983.

1143.
1182.
1183.
1145.
1179.
1326.
1633.
2148.
1905.
1792.

1486.
1582.
1617.
1620.
1601.
1724.
1826.
1859.
2000.
2008.

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

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

9130.
5155.
650 0.
7562.
8301.
9554.
8485.
9002.
9025.
9844.

6272.
2649.
3906.
4875.
5426.
6998.
6011.
6290.
6304.
7111.

840.
567.
733.
84 1.
1016.
895.
802.
1000.
96 7.
947 .

2018.
1938.
1861.
1845.
1859.
1661.
1672.
1712.
1754.
1786.

******
******
******
******
12918.
14343.
16333.
16153.
13922.
14757.

******
******
******
******
5451.
5613.
6361 .
6391.
5865.
6274.

6774.
4026.
2577.
4915.
7466.
8730.
9971 .
9763.
8057.
8483.

4222.
1851.
648.
2848.
5207.
6270.
7294.
7028.
5329.
5695.

642 .
298.
134.
407 .
638.
844.
923.
884.
754.
911.

1910.
1877.
1795.
1660.
1621.
1616.
1754.
1851.
1974.
1877.

14883.
19610.
25289.
29790.
30137.
29911.
31137.
31700.
28961.
27552.

6569.
7385.
8076.
8419.
8416.
8173.
7779 .
7918.
8065.
8672.

8314.
12224.
17213.
21371.
21721.
21738.
23357.
23782.
20896.
18880.

5350.
8785.
12654.
16712.
17038.
17334.
18930.
19286.
16219.
14017.

1067.
1467.
1824.
2015.
1979.
1974.
2395.
2175.
1900.
1550.

1898.
1973.
2736.
2643.
2704.
2430.
2032.
2321.
2777.
33 12.

I
|
!
|
1
I
!
|
I
1

27004.
28103.
27114.
26137.
23672.
23223.
24333.
22247.
24053.
22716.

8687.
8369.
8460.
8036.
7371 .
7727.
8088 .
7848.
7715.
8160.

18318.
19734.
18654.
18101.
16301.
15496.
16244.
14399.
16338.
14556.

12911.
13931.
12683.
12273.
10412.
95 65.
10308.
8536.
10366.
8452.

1710.
1758.
1787.
1516.
1440.
1318.
1362.
1221.
1341.
1234.

3696.
4045.
4184.
4312.
4448.
4613.
4574.
4642.
4632.
4869.

1
|
I
I
1
1
|
1
I
j
1
1
|
I
|
|
I
I
I
1
|

23129.
24198.
24870.
25231.
26192.
27713.
3007 *,.
27599.
28472.
30037.

8158.
8523.
9208.
9769.
10488.
11246.
1 1528 .
11737.
12311 .
12686.

14971.
15674.
15662.
15462.
15704.
16468.
18546.
15862.
16161.
17352.

8814.
9275.
9043.
8571.
8645.
9063.
10926.
8199.
8293.
9487.

1267.
1502.
1619.
1770.
1781.
1996.
2081.
1882.
1918.
1877.

4890.
4897.
5000.
5121.
5278.
5408.
5539.
5781.
5950.
5987.

29011.
28211.
34021.
44508.
40095.
33643.
32419.
29968.
34711.
34023.

12445.
12651 .
14167.
14793.
14758.
14057.
13783.
13730.
14732.
14713.

16567.
15560.
19854.
29715.
25337.
19586.
18636.
16238.
19979.
19310.

8921.
7649.
10773.
18727.
14732.
8924.
8059.
5652.
9047.
8322.

1833.
1852.
2786.
4267.
3453.
2854.
2475.
2236.
2412.
2437.

5813.
6059.
6294.
6721.
7152.
7808.
8101.
8350.
8520.
8552.

THE PRICE DEFLATOR USED IS THE ANNUAL AVERAGE OF THE BLS CONSUMER PRICE INDEX (FOR ALL ITEMS, ALL URBAN CONSUMERS).
FOR
YEARS AFTER 1959, PREFERABLE SERIES FOR NONFARM INCOME AND TOTAL CASH FLOW ARE SHOWN IN TABLE 9 5 2 . 1 .
SEE TABLE 94 1.1 FOR
ADDITIONAL INFORMATION.




TABLE 942.2

95

CASH FLOW AND NET INCOME
IN 1967 DOLLARS
CHANGE FROM PREVIOUS YEAR IN MILLIONS OF DOLLARS
CASH FLOW IN C LU D IN G U N R EA LI ZE D AND NONMONEY FARM INCOME

YEAR

I

1

TO TA L
i

NONFARM
INCOME
OF THE
FARM

FARM CASH FLOW

|

l
I
|

TOTAL

OPERATORS'
NET FARM

LANDLORDS'
NET RENTAL

1
CASH FLOW EXCLUD ING U N R EALI ZED AND
1
FARM
1
1 NONFARM
1
I
|
1
INCOME
C A P IT A L
I TOT AL |
OF THE
I
OPERATO RS'
CONSUMPTION!
I
FARM
1 TOTAL
NET FARM

NONMONEY FARM INCOME
CASH FLOW
LANDLORDS'
NET REN TAL

C A P IT A L
CONSUMPTION

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

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

* * * * * *

1 93 0 .. . | * * * * * *
1 9 3 1 ... | * * * * * *
1 9 3 2 ...i * * * * * *
1 9 3 3 ... | * * * * * *
1 9 3 4 ...| * * * * * *
1 9 3 5 ...|
5915.
1 9 3 6 .. .| -1 4 9 6 .
1 93 7 ...1
3671.
1 9 3 8 ...1 -4 1 6 4 .
1 9 3 9 ...|
747.

* * * * * *

-2 7 7 9 .
3303.
-2 8 4 9 .
1267.
509.
1 94 .
8247.
-1 9 84 .
-2 2 4 3 .

-2 9 1 4 .
3268.
-2 8 13 .
1251.
240.
-2 1 5 .
7698.
-1881.
-2 1 3 8 .

39.
1.
-3 8 .
3 5.
146.
307.
515.
-2 4 4 .
-1 1 3 .

96.
35.
2.
-1 8 .
122.
102.
34.
141.

-5 2 95 .
-7057.
2452.
1360.
-2 4 7 .
3025.
-1 7 0 7 .
-4 .
709.
345.

-4 3 5 4 .
-6 7 0 4 .
2364.
1266.
-4 3 5 .
3344.
-1 6 2 5 .
-2 4 2 .
699.
333.

-9 5 2 .
-2 7 3 .
166.
108.
174.
-1 2 0 .
-9 3 .
198.
-3 3 .
-1 9 .

1 1.
-8 0 .
-7 8 .
-1 5 .
14 .
-1 9 8 .
11.
40.
43.
31.

8 .

162.
748.
29.
-5 2 6 .
409.

-3 6 5 5 .
-1 5 6 1 .
-2 6 11 .
1755.
897.
5753.
-2 2 4 4 .
3642.
-3 6 3 8 .
337.

-3 4 7 4 .
-1 1 8 5 .
-2 3 65 .
1617.
704.
5553.
-2 4 6 1 .
3584.
-3 6 3 1 .
276.

-3 0 5 .
-3 4 4 .
-1 6 4 .
273.
2 31 .
206.
79.
-3 9 .
-1 3 0 .
158.

124.
-3 3 .
-8 3 .
-1 3 5 .
-3 9 .
-5 .
139.
97.
123.
-9 7 .

1 9 4 0 ...|
532.
1 9 4 1 ...|
5337.
1 9 4 2 ...I
7284.
2908.
1 9 4 3 ...1
1 9 4 4 . . . | -4 2 4 .
1 9 4 5 ...|
110 .
1 9 4 6 ...|
2 54 5 .
1 9 4 7 ...1 -2 5 9 9 .
1 9 4 8 ...f
1877.
1 9 4 9 . . . I -5 8 0 7 .

2 95 .
816.
690.
343.
-3 .
-2 4 3 .
-3 9 3 .
138.
147.
607.

237.
4521.
6594.
2565.
-4 2 1 .
353.
2938.
-2 7 3 8 .
1729.
-6 4 1 4 .

61.
4045.
5474.
2466.
-4 4 6 .
632.
2915.
-2 8 0 7 .
1549.
-6 6 0 0 .

156.
400.
357.
192.
-3 6 .
-5 .
421.
-2 2 0 .
-2 7 5 .
-3 5 0 .

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

1588.
1631.
-1 4 03 .
-3 1 8 2 .
-1 4 3 9 .
-8 7 5 .
96.
-9 9 0 .
2033.
-2 3 5 8 .

14 .
-3 1 8 .
91.
-4 2 4 .
-6 6 5 .
356.
362.
-2 4 0 .
-1 3 3 .
446.

1574.
1948.
-1 4 94 .
-2 7 5 7 .
-7 7 4 .
-1 2 3 1 .
-2 6 6 .
-7 5 0 .
2166.
-2 8 03 .

1030.
1551.
-1 6 62 .
-2 6 1 4 .
-8 3 5 .
-1 2 7 4 .
-2 7 0 .
-6 7 6 .
2056.
-2 9 34 .

1 9 6 0 ...|
765.
1 9 6 1 ... |
968.
1 9 6 2 ...|
875.
1 9 6 3 ...|
353.
1 9 6 4 ...| -6 5 4 .
3459.
1 9 6 5 ...|
1 96 6 ...1
1211.
1 9 6 7 .. .| -1 7 7 1 .
1 9 6 8 ...|
266.
1 9 6 9 ...|
1563.

-3 .
366.
684.
561.
719.
758.
282.
209.
574.
375.

767.
602.
190.
-2 0 9 .
-1 3 73 .
2701.
929.
-1 9 81 .
-3 0 8 .
1188.

-2 4 1 .
207.
1516.
627.
-3 5 .
-7 0 1 .
-2 7 4 .
-5 3 .
1002.
-2 0 .

-1 0 68 .
161.
4002.
12066.
-7 7 4 7 .
-2 4 52 .
-4 3 1 1 .
-6 1 .
3727.
41.

1 9 7 0 ...1
1 9 7 1 ...|
1 9 7 2 ...|
1 9 7 3 ...1
1 9 7 4 ...|
1 9 7 5 ...1
1 9 7 6 ...|
1 9 7 7 ...t
1 9 7 8 ...|
1 97 9 ...1

-1 3 0 9 .
368.
5518.
12693.
-7 7 82 .
-3 1 5 3 .
-4 5 8 5 .
-1 1 4 .
4730.
22.




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

|

* * * * * *

* * * * * *

|

* * * * * *

* * * * * *

i

* * * * * *

* * * * * *

j

* * * * * *

* * * * * *

|

* * * * * *

* * * * * *

j

* * * * * *

* * * * * *

j

* * * * * *

* * * * * *

|

* * * * * *

* * * * * *

|
i
1
J

* * * * * *

* * * * * *

* * * * * *

* * * * * *

j
j
j

* * * * * *

* * * * * *

* * * * * *

* * * * * *

j

* * * * * *

* * * * * *

j

* * * * * *

* * * * * *

* * * * * *

* * * * * *

j

* * * * * *

* * * * * *

j

* * * * * *

* * * * * *

j
j

* * * * * *

* * * * * *

I
1
J

* * * * * *

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

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

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

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

-7 4 3 .
382.
91.
-9 4 2 .
920.
1989.
3744.
1018.
-1 3 3 8 .

-8 7 9 .
346.
126.
-9 5 8 .
651.
1580.
3195.
1121.
-1 2 32 .

39.
1.
-3 8 .
35.
146.
307.
515.
-2 4 4 .
-1 1 3 .

96.
35.
2.
-1 8 .
1 22 .
10 2 .
34.
1 41 .

-6 6 5 2 .
-3 9 75 .
1345.
1062.
739.
1254.
-1 0 6 9 .
517.
23.
819.

-5 7 1 1 .
-3 6 2 2 .
1257.
968.
551.
1572.
-9 8 7 .
279.
14.
807.

-9 5 2 .
-2 7 3 .
166.
108.
174.
-1 2 0 .
-9 3 .
198.
-3 3 .
-1 9 .

11.
-8 0 .
-7 8 .
-1 5 .
14.
-1 9 8 .
11.
40.
43.
3 1.

-2 8 8 9 .
-2 3 7 1 .
-1203.
2200.
2359.
1063.
1024.
-2 6 6 .
-1 6 9 9 .
365.

-3 0 5 .
-3 4 4 .
-1 6 4 .
273.
231.
206.
79.
-3 9 .
-1 3 0 .
158.

124.
-3 3 .
-8 3 .
-1 3 5 .
-3 9 .
-5 .
139.
97.
1 23 .
-9 7 .

8 .

1
I
1

1425.
1989.
-1 7 9 .
| -2 2 32 .
1
835.
1

162.
748.
29.
-5 2 6 .
409.

-3 0 7 0 .
-2 7 48 .
-1 4 4 9 .
2338.
2551.
1264.
1241.
-2 0 8 .
-1 7 0 6 .
426.

20.
75.
763.
-9 3 .
61.
-2 7 4 .
-3 9 8 .
289.
455.
536.

I
126.
1 4727.
1 5679.
j
4501.
I
347.
i
-2 2 6 .
!
1226.
1
563.
| -2 7 38 .
! -1 4 0 9 .
■

295.
816.
690.
343.
-3 .
-2 4 3 .
-3 9 3 .
138.
147.
607.

-1 6 9 .
3910.
4989.
4158.
350.
1 7.
1619.
425.
-2 8 8 6 .
-2 0 16 .

-3 4 5 .
3435.
3869.
4059.
326.
296.
1596.
356.
-3066.
-2 2 0 2 .

156.
400.
357.
192.
-3 6 .
-5 .
421.
-2 2 0 .
-2 7 5 .
-3 5 0 .

20.
75.
763.
-9 3 .
61.
-2 7 4 .
-3 9 8 .
289.
,4 5 5.
536.

160.
48.
29.
-2 7 2 .
-7 6 .
-1 2 2 .
44.
-1 4 2 .
120.
-1 0 7 .

384.
349.
139.
128.
136.
165.
-4 0 .
68.
-1 0 .
238.

1 -5 4 8 .
1 1099.
1 -9 8 8 .
1 -9 7 7 .
! -2 4 6 5 .
1 -4 4 9 .
I
1110.
j -2 0 86 .
I
1806.
1 -1 3 3 7 .

14.
-3 1 8 .
91.
-4 2 4 .
-6 6 5 .
356.
362.
-2 4 0 .
-1 3 3 .
446.

-5 6 2 .
1416.
-1 0 8 0 .
-5 5 3 .
-1 8 0 1 .
-8 0 4 .
748.
-1 8 46 .
1940.
-1 7 8 3 .

-1 1 06 .
1019.
-1 2 4 8 .
-4 1 0 .
-1 8 61 .
-8 4 8 .
744.
-1 7 7 2 .
1830.
-1 9 1 4 .

160.
48.
29.
-2 7 2 .
-7 6 .
-1 2 2 .
44.
-1 4 2 .
120.
-1 0 7 .

384.
349.
139.
128.
136.
165.
-4 0 .
68.
-1 0 .
238.

714.
360.
-2 9 .
-4 8 0 .
-1 5 41 .
2356.
712.
-2 0 2 3 .
-5 1 4 .
1192.

34.
235.
117.
151.
12.
214.
86.
-1 9 9 .
36.
-4 1 .

20.
8.
103.
121.
15 7 .
131.
131.
242.
16 9 .
37.

-3 .
366.
684.
561 .
719.
758.
282.
209.
574.
375.

415.
703.
-1 2 .
-2 0 0 .
242.
764.
2079.
-2 6 8 4 .
299.
1190.

362.
461.
-2 3 2 .
-4 7 2 .
73.
419.
1862.
-2 7 2 7 .
94.
1195.

34.
235.
117.
151.
12.
214.
86.
-1 9 9 .
36.
-4 1 .

20.
8.
103.
121.
157.
131.
131.
242.
169.
37.

-8 5 0 .
-1 0 4 .
2833.
10159.
-7 3 64 .
-2 5 0 8 .
-4 2 2 6 .
-7 1 .
3382.
-1 5 .

-4 4 .
18.
935.
1481.
-8 1 4 .
-5 9 9 .
-3 7 9 .
-2 3 9 .
176.
25.

-1 7 5 .
247.
235.
426.
431.
656.
294.
249.
170.
32.

I
413.
1 1069.
1
672.
1
361.
I
960.
1
1522.
1 2361.
i -2 4 7 5 .
1
873.
1 1565.
i
I
1 -1 0 2 6 .
1 -8 0 0 .
\ 5810.
| 10487.
1 -4 4 13 .
1 -6 4 5 2 .
1 -1 2 24 .
1 -2 4 51 .
!
4743.
I
-6 8 8 .
u --------------------

-2 4 1 .
207.
1516.
627.
-3 5 .
-7 0 1 .
-2 7 4 .
-5 3 .
1002.
-2 0 .

-7 8 5 .
-1 0 07 .
4294.
9861.
-4 3 7 8 .
-5 7 5 1 .
-9 5 0 .
-2 3 9 8 .
3740.
-6 6 8 .

-5 6 6 .
-1 2 72 .
3125.
7954.
-3 9 9 5 .
-5 8 0 8 .
-8 6 5 .
-2 4 0 7 .
3395.
-7 2 5 .

-4 4 .
18.
935.
1481.
-8 1 4 .
-5 9 9 .
-3 7 9 .
-2 3 9 .
176.
25.

-1 7 5 .
247.
235.
426.
431.
656.
294.
249.
170.
32.

•

j
j
j
2

96

TABLE 942.3
CASH FLOW AND NET INCOME
IN 1967 DOLLARS
PERCENTAGE CHANGE FROM PREVIOUS YEAR
1

YEAR

CASH FLOW IN CLU DI NG U N R EA LI ZED

1
I
I TO T A L
1

AND NONMONEY FARM INCOME

NONFARM
|
FARM CASH FLOW
INCOME
1
OF THE
|
OPERATORS'
LANDLORDS'
FARM
| TOTAL
NET FARM
NET RENTAL
POP ULATION!.
INCOME
INCOMF

*****

*****

*****

*****

|

*****
*****

*****
*****

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

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

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

-2 5 .0
-4 4 .5
27.9
12. 1
-2 .0
24.5
-1 1 . 1
-0 .0
5 .2
2 .4

-2 5 .1
-5 1 .6
37.6
14.6
-4 .4
35.3
-1 2 .7
-2 .2
6 .4
2 .9

-5 3 . 1
-3 2 .5
29.3
14.8
20.7
-1 1 .9
-1 0 .4
24.7
-3 .3
-2 .0

0 .5
-4 .0
-4 .0
-0 .8
0 .8
-1 0 .7
0 .6
2 .4
2 .5
1 .8

* *** *
** ***
* *** *
** ***
*** **
3 9.4
-7 .2
18.9
-1 8 .0
3 .9

*****
*****
*** **
*****
*****
3 .0
13.3
0.5
-8 .2
7 .0

-2 4 .8
-1 4 . 1
-2 7 .5
25.4
10.4
60.3
-1 4 . 7
27.9
-2 1 .8
2 .6

-2 9 .0
-1 3 .9
-3 2 .3
32.5
10.7
76.2
-1 9 .2
34.5
-2 6 .0
2 .7

-3 2 .2
-5 3 .5
-5 4 .9
2 02 .8
56.8
32.2
9 .3
-4 .2
-1 4 .7
20.9

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

i
2 .7
1
2 6.4
|
28.5
I
8 .9
I
-1 .2
1
0 .3
1
7.2
I
-6 .8
1
5.3
I -1 5 .6

4 .7
12.4
9 .3
4 .2
-0 .0
-2 .9
-4 .8
1.8
1 .9
7 .5

1 .8
33.2
36.3
10.4
-1 .5
1 .3
10.8
-9 .1
6 .3
-2 2 .0

0 .6
37.9
37.2
12.2
-2 .0
2 .8
12.8
-1 0 .9
6 .7
-2 6 .9

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

1
I
I
I
1
1
1
I
1
I

5.1
4 .9
-4 .0
-9 .6
-4 .8
-3 .1
0 .3
-3 .6
7.6
-8 .2

0.2
-3 .7
1.1
-5 .0
-8 .3
4 .8
4 .7
-3 .0
-1 .7
5.8

6 .9
8 .0
-5 .7
-1 1 .1
-3 .5
-5 .8
-1 .3
-3 .8
11.4
-1 3 .2

5 .8
8 .2
-8 .1
-1 3 .9
-5 .2
-8 .3
-1 .9
-4 .9
15.6
-1 9 .3

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

1
1
t
1
1
1
1
1
1
|

2.9
3 .5
3.1
1.2
-2 .2
1 2.0
3 .7
-5 .3
0 .8
4.9

-0 .0
4 .5
8 .0
6.1
7 .4
7 .2
2.5
1.8
4 .9
3.0

4.2
3 .1

1 9 7 0 ... I
-3 .9
1 9 7 1 ... I
1 .1
16.9
1 9 7 2 ... I
1 9 7 3 ... 1
33.3
1 9 7 4 ... 1 -1 5 .3
1 9 7 5 . . . ,1
-7 .3
1 9 7 6 ... f -1 1 .5
1 9 7 7 ... I
-0 .3
1 9 7 8 ... 1
13.4
1 9 7 9 .... 1
0.1

-1 .9
1 .7
12.0

** ***

*****

|

*****

*****

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

*****
** ***

*****

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

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

j
j
j
1
j
1
1
I
1
I

*****
*****




*****
*****

4 .4

-0 .2
-4 .8
-1 .9
-0 .4
7 .3
-0 .1

1. 1

3 .4
0 .1
-3 .2
3 .0
12.4
23.2
31.6
-1 1 .3
-5 .9

6 .5
2 .2
0 .1
-1 .1
7 .6
5 .9
1.8
7 .6
0 .4

T O TA L

*****

*****

*****

*****

*****
*****

*****
*****

*****

*****

** * * *

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

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

*****

OPE RATORS'
NET FARM
INCOME

LANDLO RD S'
N ET RENTAL
INCOME

CAPITAL
CONSUMPTION
ALLOWANCES

-7 .0
3 .9
0 .9
-9 .1
9 .7
19.2
30.3
6 .3
-7 .8

-1 0 .9
4 .8
1.7
-1 2 .6
9 .8
21.6
35.9
9.3
-9 .3

3 .4
0 .1
-3 .2
3 .0
12.4
23.2
31.6
-1 1 .3

6 .5
2 .2
0.1
-1 .1
7.6
5.9
1.8
7 .6
0 .4

-4 7 .7
-5 7 .8
47.5
24.8
11.3
29.0
-1 4 .1
4 .6
0 .2
12.8

-5 3 .1
-3 2 .5
29.3
14.8
20.7
-1 1 .9
-1 0 .4
24.7
-3 .3
-2 .0

0.5
-4 .0
-4 .0
-0 .8
0 .8
-1 0 .7
0 .6
2 .4
2 .5
1 .8

m
l

48.2
-7 .8
-9 . 6

j
j
j
j
j

-1 5 .9
22.5
-1 5 .8
8 .4
3. 1

C A P IT A L
CONSUMPTION
Al 1 RWANCES

FARM CASH FLOW

O'

j
{

NONFARM
|
INCOME
|
I
OF THE
I
|
FARM
| TO TA L
1P O P U L A T I O N !
|
|

-1 9 .6
27.4
-1 8 .5
10.1
1 .8
-1 .5
56.3
-8 .8
-1 1 .0

1 9 1 1 ...
1 9 1 2 ...
1 9 1 3 ...
1 9 1 4 ...
1915. . .
1 9 1 6 ...
1 9 1 7 ...
1 9 1 8 ...
1 9 1 9 ...

FLOW EXC LUD IN G U N R EA LI ZE D AND NONMONEY FARM INCOME

CASH

*****

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

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

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

-4 2 .1
-4 3 .5
26.1
16.3
9 .8
15.1
-1 1 .2
6.1
0 .3
9.1

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

*****
*** **
*** **
*****
*****
11.0
13.9
-1 . 1
-1 3 .8
6 .0

*****
*****
*****
*** **
*** **
3 .0
13.3
0 .5
-8 .2
7 .0

-3 1 .2
-4 0 .6
-3 6 .0
90.7
51.9
16.9
14.2
-2 .1
-1 7 .5
5 .3

-4 0 .6
-5 6 .2
-6 5 .0
3 39.5
82.8
20.4
16.3
-3 .6
-2 4 .2
6 .9

-3 2 .2
-5 3 .5
-5 4 .9
2 0 2 .8
56.8
32.2
9 .3
-4 .2
-1 4 .7
20.9

7 .0
-1 .7
-4 .4
-7 .5
-2 .3
-0 .3
8.6
5 .5
6 .6
-4 .9

17.1
37.5
24.3
10.5
-1 .8
-0 .3
21.3
-9 .2
-1 2 .6
-1 8 .4

1.1
4 .0
38.7
-3 .4
2 .3
-1 0 .1
-1 6 .4
14.2
19.6
19.3

0 .9
31.8
29.0
17.8
1.2
-0 .7
4. 1
1.8
-8 .6
-4 .9

4 .7
12.4
9 .3
4 .2
-0 .0
-2 .9
-4 .8
1.8
1.9
7 .5

-2 .0
47.0
40.8
24.2
1 .6
0 .1
7 .4
1 .8
-1 2 .1
-9 .6

-6 .1
64.2
44.0
32.1
1.9
1.7
9.2
1.9
-1 5 .9
-1 3 .6

17.1
37.5
24.3
10.5
-1 .8
-0 .3
21.3
-9 .2
-1 2 .6
-1 8 .4

1.1
4 .0
38.7
-3 .4
2 .3
-1 0 .1
-1 6 .4
14.2
19.6
19.3

10.3
2 .8
1.7
-1 5 .2
-5 .0
-8 .5
3 .4
-1 0 .4
9 .8
-8 .0

11.6
9 .4
3 .4
3.1
3 .2
3 .7
-0 .9
1 .5
-0 .2
5.1

-2 .0
4.1
-3 .5
-3 .6
-9 .4
-1 .9
4. a
-8 .6
8.1
-5 .6

0 .2
-3 .7
1 .1
-5 .0
-8 .3
4 .8
4 .7
-3 .0
-1 .7
5 .8

-3 .0
7 .7
-5 .5
-3 .0
-9 .9
-4 .9
4 .8
-1 1 .4
13.5
-1 0 .9

-7 .9
7 .9
-9 .0
-3 .2
-1 5 .2
-8 .1
7.8
-1 7 .2
21.4
-1 8 .5

10.3
2 .8
1 .7
-1 5 .2
-5 .0
-8 .5
3 .4
-1 0 .4
9 .8
-8 .0

11.6
9 .4
3 .4
3.1
3 .2
3 .7
-0 .9
1 .5
-0 .2
5 .1

2 .7
18.5
7 .8
9 .3
0 .7
12.0
4 .3
-9 .6
1 .9
-2 .2

0 .4

-9 .0
-1 .5
6 .0

5 .8
2 .8
-0 .2
-3 .6
-1 2 .0
2 0.9
5 .2
-1 4 .1
-4 .2
10 . 1

1 .8
4 .6
2 .8
1 .5
3 .8
5.8
8.5
-8 .2
3 .2
5 .5

-0 .0
4 .5
8 .0
6 .1
7 .4
7 .2
2 .5
1 .8

2 .9
4 .7
-0 .1
-1 .3
1 .6
4 .9
12.6
-1 4 .5
1.9
7 .4

4 .3
5 .2
-2 .5
-5 .2
0 .9
4 .8
20.5
-2 5 .0
1.1
14.4

2 .7
18.5
7 .8
9 .3
0 .7
12.0
4 .3
-9 .6
1 .9
-2 .2

0 .4
0 .2
2.1
2 .4
3.1
2.5
2 .4
4 .4
2 .9
0 .6

-5 .1
0 .8
20.0
50.3
-2 1 .5
-8 .7
-1 6 . 7
-0 .3
17.4
0 .2

-6 .5
-0 .9
23.5
68.2
-2 9 .4
-1 4 .2
-2 7 .8
-0 .6
31.1
-0 .1

-2 .3
1 .0
50.5
53. 1
-1 9 .1
-1 7 .4
-1 3 .3
-9 .7
7 .9

-3 .4
-2 .8
2 0.6
30.8

-1 .9
1.7
12.0

-9 .9

-0 .2
-4 .8
-1 .9
-0 .4
7 .3
-0 .1

-4 .5
-6 .1
27.6
49.7
-1 4 .7
-2 2 .7

-6 .0
-1 4 .3
4 0.9
73.8
-2 1 .3
-3 9 .4
-9 .7
-2 9 .9
6 0.1
-8 .0

-2 .3
1 .0
50.5
53.1
-1 9 .1
-1 7 .4
-1 3 .3
-9 .7
7 .9
1 .0

-2 .9
4 .2
3 .9
6 .8
6 .4
9.2
3 .8
3 .1
2 .0
0 .4

1 .0

-1 .0
-7 .0
14.7
4 .4

1 .0

0.2
2 .1
2 .4
3 .1
2 .5
2 .4
4 .4

2 .9
0 .6
-2 .9
4.2
3 .9
6 .8
6 .4
9.2
3 .8

3 .1
2 .0
0 .4

*****
*****

-1 6 . 1
-3 .6
-7 .6
15.8
-2 .0

4 .9

3 .0

4 .4

-4 .8

-1 2 .9
2 3.0
-3 .3

SECTION!

951

97
CASH FLOW AND NET INCOME
CURRENT DOLLARS

YEAR

1
1
1
|
1

CASH FLOW

TO TA L

J

IN C LU D IN G U N R EA LI ZE D

OF F- F AR M j
I INCOME !
I OF FARM)
1OPERATOR| TOTA L
[FA M ILIES !

AND NONMONEY FARM INCOME

OPERATORS*
NET FARM
INCOME

LANDLORDS*
NET RENTAL
INCOME

C A P IT A L
I
CONSUMPTION!
ALLOWANCES!

951. 1
i
i
I9 6 0 ...I
1 9 6 1 ...I
1 9 6 2 ...1
1 9 6 3 ...I
1 9 6 4 ...I
1 9 6 5 ...1
1 9 6 6 ...I
1 9 6 7 ...I
1 9 6 8 ...|
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 ...j
1 9 7 5 ... 1
1 9 7 6 ... |
1 9 7 7 ...|
1 9 7 8 ...1
1 9 7 9 ...|
|
1
1
|
1
1 96 1 ...1
1 9 6 2 ...1
1 9 6 3 ...1
1 9 6 4 ...|
1 9 6 5 ...|
1 96 6 ...1
1 9 6 7 ...i
1 9 6 8 ...1
1 9 6 9 ...|

I

CASH FLOW EXCLUDING U N R EA LI ZE D AND NONMONEY FARM INCOME

FARM CASH FLOW

AMOUNTS

TO TA L

IN M IL L IO N S

J OF F— FARM!
I INCOME 1
| OF FARM!
IOPERATQR! T OT A L
IF A M 1L IE S 1

FARM CASH FLOW
OPERATORS*
NET FARM
INCOME

LANDLORDS*
NET R EN T A L
INCOME

CAPITAL
CONSUMPTION
ALLOWANCES

OF DOLLARS

25461.
26854.
27965.
29109.
28687.
3 2 6 2 3.
35249.
34497.
35987.
39539.

8482.
9163.
9904.
11020.
1 1 6 3 7.
1 27 2 7.
1 3 8 8 2.
14495.
1 54 6 6.
1 6 6 1 1.

16979.
1 76 9 1.
180 6 1.
18089.
17050.
19896.
21367.
20002.
20521.
22928.

11518.
1 19 5 7.
12064.
11770.
1 04 9 2 .
1 28 9 9.
13960.
12339.
12322.
14293.

11 2 4 .
1 34 6 .
146 7.
162 3.
165 5.
188 6.
2023.
188 2.
199 9 .
2061.

4337.
4388.
4530.
4696.
4903.
5111.
5384.
5781.
6200.
6574.

1
|
I
I
I
|
I
I
|
I

21761.
23207.
24094.
25199.
26226.
28289.
31909.
30357.
32306.
35663.

8482.
9163.
9904.
11020.
11637.
12727.
13882.
14495.
15466.
16611.

13279.
14044.
14190.
14179.
14589.
15562.
18027.
15862.
16840.
19052.

7818.
8310.
8193.
7860.
8031.
8565.
10620.
8199.
8641.
10417.

1124.
1346.
1467.
1623.
1655.
1886.
2023.
1882.
1999.
2061.

4337.
4388.
4530.
4696.
4903.
5111.
5384.
5781.
6200.
6574.

40439.
43057.
5 06 5 8 .
71731.
68309.
69115.
67068.
70852.
83520.
92900.

17396.
18828.
20615.
23758.
26516.
27454.
30353.
31879.
34279.
380 Q0.

23043.
24229.
30043.
47973.
41793.
41661.
36715.
38973.
49241.
54900.

14151.
14633.
18665.
33349.
26130.
24475.
18682.
19759.
27880.
31000.

2132.
2246.
3491.
5679.
5100.
4600.
4220.
4058.
4713.
5300.

6760.
1350.
7887.
8945.
10563.
12586.
13813.
15156.
16648.
18600.

I
|
|
|
I
|
I
|
1
|

36663.
37702.
45492.
63308.
63938.
59026.
62127.
61351.
73317.
80000.

17396.
18828.
20615.
23758.
26516.
27454.
30353.
31879.
34279.
38000.

19267.
18874.
24877.
39550.
37422.
31572.
31774.
29472.
39038.
42000.

10375.
9278.
13499.
24926.
21759.
14386.
13741.
10258.
17677.
18100.

2132.
2246.
3491.
5679.
5100.
4600.
4220.
4058.
4713.
5300.

6760.
7350.
7887.
8945.
10563.
12586.
13813.
15156.
16648.
18600.

9 51 .2

CHANGE FROM PREVIO US YEAR IN

1393.
111 1 .
1144.
-4 2 2 .
3936.
2626.
-7 5 2.
149 0 .
3552.

681.
741.
1116.
617.
1090.
1155.
613.
971.
1145.

712.
370.
28.
-1 0 39 .
2846.
1471.
-1 3 6 5 .
519.
2407.

439.
107.
-2 9 4 .
-1 2 78 .
2407.
10 6 1 .
-1 6 2 1 .
-1 7 .
1971.

222.
121.
156.
32.
231.
137.
-1 4 1 .
117.
62.

51.
142.
166.
207.
208.
273.
397.
419.
374.

1 9 7 0 ...|
1 9 7 1 ...|
1 9 7 2 ... !
1 9 7 3 ...t
1 9 7 4 ...|
1 9 7 5 ... !
1 97 6 ...|
1 9 7 7 ...r
1 9 7 8 ...J
1 9 7 9 ...j
J
»
1
J
1
1 9 6 1 ...1
1 9 6 2 ... 1
1 9 6 3 ... I
1 96 4 ...|
1 9 6 5 ...i
1 9 6 6 ...1
1 9 6 7 ...|
1 9 6 8 ...|
1 9 6 9 ...|
j

900.
2618.
7601.
21073.
-3 4 22 .
806.
-2 0 4 7 .
3784.
12668.
9380.

785.
1432.
1787.
3143.
2758.
938.
2899.
1526.
2400.
3721.

115.
1186.
5814.
17930.
-6 1 80 .
-1 3 2 .
-4 9 4 6 .
2258.
10266.
5659.

-1 4 2 .
482.
4032.
14684.
-7 2 1 9 .
-1 6 5 5 .
-5 7 9 3 .
1077.
8121.
3120.

71.
114.
1245.
2188.
-5 7 9 .
-5 0 0 .
-3 8 0 .
-1 6 2 .
655.
5-87.

186.
590.
537.
1058.
1618.
2023.
1227.
1343.
1492.
1952.

5.5
4.1
4 .1
-1 .4
13.7
8.0
-2 .1
4 .3
9 .9

8 .0
8.1
11.3
5 .6
9 .4
9 .1
4 .4
6 .7
7 .4

4 .2
2.1
0.2
-5 .7
16.7
7.4
-6 .4
2 .6
11.7

3 .8
0 .9
-2 .4
-1 0 .9
22.9
8 .2
-1 1 .6
-0 .1
16.0

19.8
9 .0
10.6
2 .0
14.0
7 .3
-7 .0
6 .2
3.1

1.2
3 .2
3 .7
4 .4
4 .2
5.3
7 .4
7.2
6 .0

1 9 7 0 ... !
1 9 7 1 ... |
1 97 2 ... |
1 9 7 * ... |
1 9 7 4 ...|
1 9 7 5 ...|
1 9 7 6 ...!
1 9 7 7 ...1
1 9 7 8 ...|
1 9 7 9 ...!
I

2 .3
6 .5
17.7
41.6
-4 .8
1 .2
-3 .0
5 .6
17.9
11.2

4 .7
8 .2
9 .5
15.2
11.6
3 .5
10.6
5 .0
7 .5
10.9

0 .5
5 .1
24.0
59.7
-1 2 .9
-0 .3
-1 1 .9
6 .2
26.3
11.5

-1 .0
3 .4
27.6
78.7
-2 1 .6
-6 .3
-2 3 .7
5 .8
41.1
11.2

3 .4
5 .3
55.4
62.7
-1 0 .2
-9 .8
-8 .3
-3 .8
16.1
12.5

2 .8
8 .7
7 .3
13.4
18.1
19.2
9 .7
9 .7
9 .8
11.7

951 .3

I
!

1446.
887.
1105.
1027.
2063.
3620.
-1 5 52 .
1949.
3357.

1
1000.
1
1039.
1
7790.
1
17816.
I
630.
1 -4 9 1 2 .
I
3101.
1
-7 7 6 .
1 11966.
I
6683.
J ____________

M IL L I O N S

951. 4

CF DOLLARS

681.
741.
1116.
617.
1090.
1155.
613.
971.
1145.

765.
146.
-1 1 .
410.
973.
2465.
-2 1 65 .
978.
2212.

492.
-1 1 7 .
-3 3 3 .
171.
534.
2055.
-2 4 2 1 .
442.
1776.

222.
121.
156.
32.
231.
137.
-1 4 1 .
117.
62*

51.
142.
166.
207.
208.
273.
397.
419.
374.

785.
1432.
1787.
3143.
2758.
938.
2899.
1526.
2400.
3721.

215.
-3 9 3 .
6003.
14673.
-2 1 2 8 .
-5 8 5 0 .
202.
-2302.
9566.
2962.

-4 2 .
-1097.
422 1*
11427.
-3167.
-7 3 73 .
-6 4 5 .
-3 4 8 3 .
7419.
423.

71.
114.
1245.
2188.
-5 7 9 .
-5 0 0 .
-3 8 0 .
-1 6 2 .
655.
587.

186.
590.
5 37 *
1058.
1618.
2023.
1227.
1343.
1492.
1952.

PERCENTAGE CHANGE FROM PREVIOUS

YEAR

1
i
|
I
I
1
I
I
|
1

6 .6
3 .8
4 .6
4 .1
7 .9
12.8
-4 .9
6 .4
10.4

8 .0
8 .1
11.3
5 .6
9 .4
9.1
4 .4
6 .7
7 .4

5 .8
1 .0
-0 .1
2 .9
6 .7
15.8
-1 2 .0
6 .2
13.1

6 .3
-1 .4
-4 .1
2 .2
6 .6
24.0
-2 2 .8
5 .4
2 0.6

19.8
9 .0
10.6
2 .0
14.0
7 .3
-7 .0
6 .2
3 .1

1.2
3 .2
3 .7
4 .4
4 .2
5 .3
7 .4
7.2
6 .0

I
1
1
1

2 .8
2 .8
20.7
39.2

1

1.0

4 .7
8.2
9 .5
15.2
11.6
3 .5
10.6
5 .0
7 .5
10.9

1.1
-2 .0
31.8
59.0
-5 .4
-1 5 .6
0 .6
-7 .2
3 2.5
7 .6

-0 .4
-1 0 .6
45.5
84.7
-1 2 .7
-3 3 .9
-4 .5
-2 5 .3
72.3
2 .4

3 .4
5 .3
5 5.4
6 2.7
-1 0 .2
-9 .8
-8 .3
-3 .8
16.1
1 2.5

2 .8
8 .7
7 .3
13.4
18.1
19.2
9 .7
9 .7
9 .0
11.7

3 9.0
39.5
4 1.1
43.7
44.4
45.0
43.5
47.7
47.9
46.6

61.0
60.5
58.9
56.3
55.6
5 5.0
56.5
52.3
52.1
53.4

3 5.9
35.8
3 4.0
31.2
3 0.6
30.3
3 3.3
27.0
26.7
29.2

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

19.9
18.9
18.8
18.6
18.7
18.1
16.9
19.0
19.2
18.4

47.4
49.9
45.3
37.5
41.5
46.5
48.9
52.0
46.8
47.5

52.6
50.1
54.7
6 2 .3
58.5
53.5
51.1
48.0
53.2
52.5

28.3
24.6
29.7
39.4
34.0
24.4
22.1
16.7
24.1
22.6

5 .8
6 .0
7 .7
9 .0
8 .0
7 .8
6 .8
6 .6
6 .4
6 .6

18.4
19.5
17.3
14.1
16.5
21.3
22.2
24.7
22.7
23.2

l

1
!
1

-7 .7
5 .3
-1 .2
! 19.5
1
9.1
J ____________

PERCENTAGE OF T O T A L CASH FLOW

1
1 9 6 0 ...f
1 9 6 1 ...I
1 9 6 2 ...1
1 9 6 3 ...1
1 9 6 4 ...)
1 9 6 5 ...1
1 9 6 6 . ..j
1 9 6 7 ...|
1 9 6 8 ...1
1 9 6 9 ...t

100.0
1 00 .0
100.0
1 00 .0
100.0
1 00.0
1 00.0
100.0
100.0
1 00.0

3 3.3
34.1
35.4
37.9
40.6
3 9.0
39.4
42.0
43.0
42.0

66.7
65.9
64.6
62.1
59.4
6 1.0
6 0.6
53.0
57.0
58.0

45.2
4 4.5
4 3.1
4 0.4
36.6
3 9.5
39.6
35.8
34.2
36.1

4 .4
5 .0
5 .2
5 .6
5 .8
5 .8
5 .7
5 .5
5 .6
5 .2

17.0
16.3
16.2
16.1
17.1
15.7
15.3
16.8
17.2
16.6

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

1 00.0
100.0
100 .0
1 0 0 .0
100 .0
1 00 .0
100.0
1 0 0 .0
100.0
100 .0

43.0
43.7
40.7
33.1
38.8
39.7
45.3
45.0
41.0
40.9

57.0
56.3
59.3
66.9
61.2
60.3
54.7
55.0
59.0
59.1

35.0
34.0
3 6.8
4 6.5
38.3
3 5.4
27.9
27.9
3 3.4
3 3.4

5 .3
5 .2
6 .9
7 .9
7 .5
6 .7
6 .3
5 .7
5 .6
5 .7

16.7
17.1
15.6
12.5
15.5
18.2
20.6
2 1.4
19.9
20.0

______ L

1
|
!
1
I
1
!
1
1
1
1

1
f
1

1 00 .0
100 .0

! loo.o

1
1
1

!

1 00 .0
1 00.0
1 0 0 .0
1 0 0 .0
1 00 .0
100 .0
io o . o

1
I
1
1

1 0 0 .0
1 00.0
1 00 .0
1 00 .0

1
1
1
1

|

100.0
100.0
100.0
100.0
100.0

1

100.0

|

1
1

J_______

" T O T A L CASH FLOW" IS THE SUM OF THE CASH FLOW FROM FARMING RE C EI V EO BY FARM OWNERS AND OPERATORS ANO THE O F F - F A R M INCOME OF FARM
OPERATORS AND T H E I R F A M I L I E S .
SEE TA B L E 9 4 1 . 1 FOR OTHER D E F I N I T I O N S AND FOR D AT A ON FARM CASH FLOW PRIOR TO 1 9 6 0 .




98

S E C T IO N

952

CASH FLOW AND NET INCOME
IN 1967 DOLLARS
1
1
1

CASH FLOW IN C LU D IN G U N R EA LI ZE D AND NONMONEY FARM INCOME

YEAR
1
1
1
1
1

TOTAL

I OFF-F ARM |
1 INCOME 1
I OF FARM!
1OPERATOR) TO TA L

IFAMILIESI

|

CASH FLOW EX CL UDI N G U N R EA LI ZE D AND NONMONEY FARM INCOME

FARM CASH FLOW
C A P IT A L
1
LANDLORDS'
OPERATORS'
CONSUMPTION!
NET RENTAL
NET FARM
ALLOWANCE*!
______INCOME____
INCOME ...
9 52.1

AMOUNTS

T3 T Ac

IN M IL L IO N S

FARM CASH FLOW

IO F F - F A R M )
1 INCOME 1
| OF FARM)
|OPERAT CR ) TOTAL

OPERATORS'
NET FARM

LANDLORDS'
NET RENTAL
INCOME

CAPITAL
CONSUMPTION
ALLOWANCES

OF DOLLARS

I
I9 6 0 ...|
1 9 6 1 ...|
1 96 2 ...1
1 9 6 3 ...|
1 9 6 4 ...|
1 9 6 5 ...1
1 9 6 6 ...|
1 9 6 7 ...|
1 9 6 8 ...|
1 9 6 9 ...|

28705.
29971.
30866.
31744.
30879.
34522.
36264.
34497.
34536.
36010.

9563.
10227.
10932.
12017.
12526.
13468.
14282.
14495.
14843.
15128.

19142.
19744.
19935.
19726.
18353.
21054.
21983.
20002.
19694.
20882.

12985.
13345.
13316.
12835.
11294.
13650.
14362.
12339.
11825.
13017.

1267.
1502.
1619.
1770.
1781.
1996.
2081.
1882.
1918.
1877.

4890.
4897.
5000.
5121.
5278.
5408.
5539.
5781.
5950.
5987.

I
1
I
1
1
1
I
1
I
1

24533.
25901.
26594.
27480.
28230.
29935.
32828.
30357.
31004.
32480.

9563.
10227.
10932.
12017.
12526.
13468.
14282.
14495.
14843.
15128.

14971.
15674.
15662.
15462.
1 57 0 4 .
16468.
18546.
15862.
16161.
17352.

8814.
9275.
9043.
8571.
8645.
9063.
10926.
8199.
8293.
9487.

1267.
1502.
1619.
1770.
1781.
1996.
2081.
1882.
1918.
1877.

4890.
4897.
5000.
5121.
5278.
5408.
5539.
5781.
5950.
5987.

1 9 7 0 ...|
1 9 7 1 ...I
1 97 2 ...1
1 9 7 3 ...|
1 9 7 4 ...|
1 9 7 5 ...|
1 9 7 6 ...|
1 9 7 7 ...|
1 9 7 8 ...|
1 9 7 9 ...|

34771.
35496.
40429.
53893.
46248.
42875.
39336.
39037.
42743.
42713.

14958.
15522.
16453.
17850.
17953.
17031.
17802.
17564.
17543.
17471.

19813.
19974.
23977.
36043.
28296.
25844.
21534.
21473.
25200.
25241.

12168.
12063.
14896.
25056.
17691.
15183.
10957.
10887.
14268.
14253.

1833.
1852.
2786.
4267.
3453.
2854.
2475.
2236.
2412.
2437.

5813.
6059.
6294.
6721.
7152.
7808.
8101.
8350.
8520.
8552.

1
1
I
I
1
1
I
1
|
1

31525.
31082.
36306.
47564.
43289.
36617.
36438.
33802.
37522.
36782.

14958.
15522.
16453.
17850.
17953.
17031.
17802.
17564.
17543.
17471.

16567.
15560.
19854.
29715.
25337.
19586.
18636.
16238.
19979.
19310.

8921.
7649.
10773.
18727.
1 4 7 3 2.
8924.
8059.
5652.
9047.
8322.

1833.
1852.
2786.
4267.
3453.
2854.
2475.
2236.
2412.
2437.

5813.
6059.
6294.
6721.
7152.
7808.
8101.
8350.
8520.
8552.

I
I
9 52.2

1
|
1 9 6 1 .. . |
1 9 6 2 ...I
1 9 6 3 ...|
1 9 6 4 ... |
1 9 6 5 ...!
1 9 6 6 ...1
1 9 6 7 ...|
1 9 6 8 ...)
1 9 6 9 ...|
1
1 9 7 0 ...1
1 9 7 1 ...1
1 9 7 2 ...)
1 9 X 3 ...I
1 9 7 4 ...|
197 5 *..1
1 9 7 6 ...|
1 9 7 7 ...|
1 9 7 8 ...|
1 9 7 9 ...|

CHANGE FROM PRE VIO US YEAR

1266.
895.
877.
-8 6 4 .
3642.
1743.
-1 7 6 7 .
39.
1474.

664.
705.
1086.
509.
941.
814.
213.
348.
286.

602.
190.
-2 0 9 .
-1 3 7 3 .
2701.
929.
-1 9 8 1 .
-3 0 8 .
1188.

360.
-2 9 .
-4 8 0 .
-1 5 4 1 .
2356.
712.
-2 0 2 3 .
-5 1 4 .
1192. -

235.
117.
151.
12.
214.
86.
-1 9 9 .
36.
-4 1 .

8•
103.
121.
157.
131.
131.
242.
169.
37.

-1 2 39 .
725.
4933.
13463.
-7 6 4 4 .
-3 3 7 3 .
-3 5 3 9 .
-2 9 9 .
3706.
-3 0 .

-1 7 1 .
564.
931.
1397.
103.
-9 2 2 .
771.
-2 3 8 .
-2 1 .
-7 2 .

-1 0 6 8 .
161.
4002.
12066.
-7 7 47 .
-2 4 5 2 .
-4 3 1 1 .
-6 1 .
3727.
41.

-8 5 0 .
-1 0 4 .
2833.
10159.
-7 3 6 4 .
-2 5 08 .
-4 2 26 .
-7 1 .
3382.
-1 5 .

-4 4 .
18.
935.
1481.
-8 1 4 .
-5 9 9 .
-3 7 9 .
-2 3 9 .
176.
25.

-1 7 5 .
247.
235.
426.
431.
656.
294.
249.
17 0 .
32.

952 .3

PERCENTAGE

IN

MILLIONS

CF DOLLARS

1367.
693.
886.
751.
1705.
2893.
-2 4 7 1 .
647.
1476..

664.
705.
1086.
509.
941.
814.
213.
348.
286.

703.
-1 2 .
-2 0 0 .
242.
764.
2079.
-2 6 8 4 .
299.
1190.

461.
-2 3 2 .
-4 7 2 .
73.
419.
1862.
-2 7 2 7 .
94.
1195.

235.
117.
151.
12.
214.
86.
-1 9 9 .
36.
-4 1 .

8.
103.
121.
157.
131.
131.
242.
169.
37.

-9 5 5 .
-4 4 3 .
5225.
11258.
-4 2 75 .
-6 6 7 2 .
-1 7 9 .
-2 6 3 6 .
3719.
-7 4 0 .

-1 7 1 .
564.
931.
1397.
103.
-9 2 2 .
771.
-2 3 8 .
-2 1 .
-7 2 .

-7 8 5 .
-1007.
4294.
9861.
-4 3 7 8 .
-5 7 5 1 .
-9 5 0 .
-2 3 9 8 .
3740.
-6 6 8 .

-5 6 6 .
-1 2 72 .
3125.
7954.
-3 9 95 .
-5 8 0 8 .
-8 6 5 .
-2 4 0 7 .
3395.
-7 2 5 .

-4 4 .
18.
935 *
1481.
-8 1 4 .
-5 9 9 .
-3 7 9 .
-2 3 9 .
176.
25.

-1 7 5 .
247.
235.
426.
431.
656.
294.
249.
170.
32.

L

I

CHANGE FROM PRE VIOUS

YEAR

i
1 9 6 1 ...1
1 9 6 2 ...|
1 9 6 3 ...I
1 9 6 4 ...|
1 9 6 5 ...|
1 9 6 6 ...I
1 9 6 7 ...|
1 9 6 8 ...1
1 96 9 ... |
j

4 .4
3 .0
2 .8
-2 .7
11.8
5 .0
-4 .9
0 .1
4 .3

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

3 .1
1 .0
-1 .0
-7 .0
14.7
4 .4
-9 .0
-1 .5
6 .0

2 .8
-0 .2
-3 .6
-1 2 .0
20.9
5 .2
-1 4 .1
-4 .2
10.1

18.5
7 .8
9 .3
0 .7
12.0
4 .3
-9 .6
1 .9
-2 .2

0 .2
2.1
2 .4
3 .1
2 .5
2 .4
4 .4
2 .9
0 .6

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

-3 .4
2 .1
13.9
33.3
-1 4 .2
-7 .3
-8 .3
-0 .5
9 .5
-0 .1

-1 .1
3 .8
6 .0
8 .5
0 .6
-5 .1
4 .5
-1 .3
-0 .1
-Q .4

-5 .1
0 .8
2 0.0
50.3
-2 1 .5
^8 .7
-1 6 .7
-0 .3
17.4
0 .2

-6 .5
-0 .9
23.5
68.2
-2 9 .4
-1 4 .2
-2 7 .8
-0 .6
31.1
-0 .1

-2 .3
1 .0
50. i
53.1
-1 9 .1
-1 7 .4
-1 3 .3
-9 .7
7 .9
1 .0

-2 .9
4 .2
3 .9
6 .8
6 .4
9 .2
3 .8
3.1
2 .0
0 .4

1
1
1
1
1
1
1
1
1

1
1
1

1
1
)
1
1

1
1

1
1

5 .6
2 .7
3 .3
2 .7
6 .0
9 .7
-7 .5
2 .1
^ •8

6 .9
6 .9
9 .9
4 .2
7 .5
6 .0
1.5
2 .4
1.9

4 .7
-0 .1
-1 .3
1 .6
4 .9
12.6
-1 4 .5
1 .9
7 .4

5 .2
-2 .5
-5 .2
0 .9
4 .8
20.5
-2 5 .0
1 .1
14.4

18.5
7 .8
9 .3
0 .7
12.0
4 .3
-9 .6
1 .9
-2 .2

0 .2
2.1
2 .4
3 .1
2 .5
2 .4
4 .4
2 .9
0 .6

-2 .9
-1 .4
16.8
3 1.0
-9 .0
-1 5 .4
-0 .5
-7 .2
11.0
-2 .0

-1 .1
3 .8
6 .0
8.5
0 .6
-5 .1
4 .5
-1 .3
-0 .1
-0 .4

-4 .5
-6 .1
27.6
49.7
-1 4 .7
-2 2 .7
-4 .8
-1 2 .9
23.0
-3 .3

-6 .0
-1 4 .3
40.9
73.8
-2 1 .3
-3 9 .4
-9 .7
-2 9 .9
60.1
—8 . 0 -

-2 .3
1 .0
50.5
53.1
-1 9 .1
-1 7 .4
-1 3 .3
-9 .7
7 .9
1 .0

-2 .9
4 .2
3 .9
6 .8
6 .4
9 .2
3 .8
3 .1
2 .0
0 .4

»
1
1
1
I9 6 0 ...)
1 9 6 1 ...|
1 962 .-. • 1
1 9 6 3 ...1
1 9 6 4 ...)
1 9 6 5 ...1
1 9 6 6 ...I
1 9 6 7 ...|
1 96 8 ...|
1 9 6 9 ...I

j

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

952, *4

1 00 .0
1 00 .0
1 0 0 .0
1 00 .0
1 0 0 .0
100 .0
1 00 .0
1 00 .0
100 .0

33.3
34.1
35.4
37.9
40.6
3 9.0
39.4
42.0
43.0
42.0

66.7
65.9
6 4.6
62.1
5 9.4
„ 6 1.0
6 0.6
58.0
5 7.0
58.0

45.2
44.5
43.1
40.4
36.6
39.5
39.6
35.8
34.2
36.1

4 .4
5 .0
5 .2
5 .6
5 .8
5 .8
5 .7
5 .5
5 .6
5 .2

17.0
16.3
16.2
16.1
17.1
15.7
15.3
16.8
17.2
16.6

100 .0
1 00 .0
1 00 .0
1 00 .0
1 00 .0
1 00.0
1 00.0
1 00 .0
1 00 .0
1 00.0

43.0
4 3.7
40.7
33.1
38.8
3 9.7
4 5.3
45.0
41.0
40.9

57.0
56.3
59.3
6 6.9
61.2
60.3
54.7
55.0
59.0
59.1

35.0
34.0
36.8
46.5
38.3
35.4
27.9
27.9
33.4
3 3.4

5 .3
5 .2
6 .9
7 .9
7 .5
6 .7
6 .3
5 .7
5 .6
5 .7

16.7
17.1
15.6
12.5
15.5
18.2
2 0.6
21.4
19.9
20.0

roo.o

_______L
THE

PERCENTAGE Of: TO TA L

P R IC E D EF LAT OR USED

IS

1
1

)
1
1
1
1
1
1
1

l
|
1

)
1
1
1
1
1
1
1
I
____ 1__

THE ANNUAL AVERAGE OF THE BLS CONSUMER PRI CE

CASH FLOW

100.0
100. 0
1 0 0 .0 .
1 00 .0
100 .0
100 .0
1 0 0 .0 100 .0
100.0
100 .0

39.0
3 9.5
41.1
4 3.7
4 4.4
4 5.0
43.5
47.7
47.9
46.6

6 1.0
60.5
58.9
56.3
£ 5.6
55.0
56.5
5 2.3
52.1
53.4

35.9
35.8
34.0
31.2
30.6
30.3
33.3
2 7.0
2 6.7
29.2

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

19.9
18.9
18.8
18.6
18.7
18.1
16.9
19.0
19.2
18.4

100.0
1 00 .0
100.0
1 00.0
1 0 0 .0
100 .0
100.0
100.0
100 .0
100.0

47.4
49.9
45.3
37.5
41.5
46.5
48.9
52.0
46.8
47.5

52.6
50.1
5 4.7
6 2.5
5 8.5
5 3.5
5 1.1
48.0
53.2
52.5

28.3
24.6
2 9.7
39.4
34.0
2 4.4
22.1
16.7
24.1
22.6

5 .8
6 .0
7 .7
9 .0
8 .0
7 .8
6 .8
6 .6
6 .4
6 .6

18.4
19.5
17.3
14.1
16.5
2 1.3
2 2.2
2 4.7
22.7
2 3.2

INDEX

(F OR ALL

ITEMS,

AL L URBAN C ON SU ME R S) .

" T O T A L CASH FLOW" I S TH E SUM OF THE CASH FLOW FROM FARMING R E C E IV E D BY FARM OWNERS AND OPERATORS AND THE OF F - F A R M INCOME OF FARM
OPERATORS ANO T H E I R F A M I L I E S .
SEE T A BL E 9 4 1 . 1 FOR OTHER D E F I N I T I O N S ANO T A BL E 9 4 2 . 1 FOR DATA ON FARM CASH FLOW PRIOR TO 1 9 6 0 .




TABLE 1001. 1
CONSUMER PRICE INDEX;

99
FOR ALL I TEMS, ALL URBAN CONSUMERS

INDEX,

YEAR

1967=100
_ .
ANNUAL
JANUARY
AVERAGE

|
PERCENTAGE CHANGE—
1
| DURING YEAR
FROM PREVIOUS
YEAR (BASED ON
1 ( JANUARY- T O1
JANUARYi
ANNUAL AVERAGES)
1

1910...
1911...
1912...
1913...
1914...
1915...
1916...
1917...
1918...
1919...

*****
*****
*****
2 9. 4
3 0. 1
3 0. 3
31. 3
35. 0
4 1. 8
49. 5

28. 0
28.0
29.0
2 9. 7
3 0. 1
30.4
32.7
38.4
45. 1
5 1. 8

|
|
|
|
|
j
|
|
|
|

*****
*****
*****
2.4
0. 7
3.3

*****

1 1 .8

19. 4
18. 4
16. 8

7.6
17. 4
17. 4
14. 9

1920...
1921...
1922...
1923...
1924...
1925...
1926...
1927...
1928...
1929...

57. 8
57. 0
5 0. 7
50. 3
51. 7
51. 8
53. 7
52. 5
51. 7
51. 2

6 0. 0
5 3. 6
50.2
51. 1
51. 2
52. 5
5 3. 0
52. 0
51. 3
51. 3

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|
1
|
|
|
|
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I

-1.4
-11.1
-0.8

15. 8
-10.7
-6.3

0 .0

0 .0

1930...
1931...
1932. . .
1933...
1934...
1935...
1936...
1937...
1938...
1939...

51. 2
47. 6
42. 8
38. 6
39. 6
4 0. 8
41.4
42. 2
42.6
41. 8

50. 0
45.6
40.9
38.8
40.1
41. 1
41.5
43.0
4 2. 2
4 1. 6

-7.0
-10.1
-9.8

-2.5
-8.8
-10.3
-5.1
3.4
2.5

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

41. 7
42. 2
46.9
5 0. 6
52. 1
53. 3
54. 5
64. 4
71. 0
7 2. 0

42.0
44. 1
48.8
51. 8
52. 7
53.9
5 8. 5
66.9
7 2. 1
71.4

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1
1
i
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|
|
|
|
|
|
|

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

70. 5
76. 1
79. 3
79. 8
8 0. 7
80. 1
80. 3
8 2. 8
85. 7

72. 1
77.8
79. 5
8 0. 1
80.5
80.2
81.4
84. 3

7.9
4. 2

7.9

0 .6
1 .1

2 .2
0 .8

-0.7

0.5
-0.4
1. 5
3.6
2. 7

8 6 .8

87. 3

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1
1
|
|
|

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

8 7. 9
89. 3
8 9. 9
91. 1
92*6
93. 6
9 5. 4
98. 6

88. 7
89.6
90.6
9 1. 7
92. 9
94.5
97.2

8 6 .6

1

1

1
\

0 .0

3.6
2.4
1. 3
1 .0

2 .8
0 .2

1 .8
0 .2

3.7
-2.2
-1.5
-1.0

2.5

2 .6

3.0
1. 5
1. 9
0. 9
-1.9
-0.2
1 .2
1 1 .1

7. 9
3. 0
2.3
2. 3
18. 2
1 0 .2

1.4
-2.1

0 .2

3. 1
3.5
1. 3
1. 3
1 .6

0. 7
1. 3

1 .0

-1.9
-1.3

1 .0

3.6
-1.9
-1.4
1 .0

5. 0
10. 7
6 .1

1. 7
2.3
8. 5
14. 4
7.8
-1.0
1 .0

0 .8
1 .6
1 .0
1 .1
1 .2

106. 7

104. 2
109. 8

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1
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]
1
|

1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...

113. 3
119. 2
123. 2
127. 7
139. 7
156. 1
166. 7
175. 3
187. 2
204. 7

116. 3
121. 3
125. 3
133. 1
147. 7
161. 2
170. 5
181. 5
195. 4
2 17. 5

I
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|
|
|
|
|
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5. 2
3.4
3.7
9.4
11. 7

9.3
13. 3

9. 1
5. 8
6.5
7.7
11. 3

1980...

232. 0

*****

|

*****

*****

1 0 2 .0




1 0 0 .0

1
1
1

1 .6
1 .1

1. 9
3.4
3.4
4.6
6 .2

6 .8

5. 2
6 .8

1. 3
1. 7
2. 9
2.9
4.2
5.4
5.9
4.3
3.3
6 .2
1 1 .0