Prices Received and Paid by Texas Farmers
Index (1990-92=100, not seasonally adjusted)
Year
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004 2/
Texas Prices
Received
All Farm Products
U.S.
Prices Paid1/
U.S.
Prices
Received
104
101
96
99
98
98
103
99
94
89
91
93
86
99
111
99
100
101
103
106
110
115
117
116
115
120
124
124
128
133
104
100
98
101
100
102
112
107
101
95
96
102
98
107
119
1/
Prices paid by farmers is nationwide as no separate series exists for
prices paid in Texas.
2/
2004 Texas prices received and 2004 U.S. prices paid and received
for entire year, but number is preliminary.
Source: "Texas Agricultural Facts", Texas Agricultural Statistics
Service, USDA. USDA/ERS Monthly “Economic Indicators.”
Prices Received and Paid by Texas and U.S. Farmers
Index (1990-92 = 100)
140
U.S. Prices Paid*
130
120
110
100
90
Texas Prices Received
All Farm Products
80
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04
Year
* Prices paid by farmers in the U.S. as no separate series exists for prices paid in Texas.
Source: “Texas Agricultural Facts”, Texas Agricultural Statistical Service, USDA.
Texas Agricultural Cash Receipts by Commodity Groups and Government Payments, 1999-2003
Commodity Groups
1999
2000
2001
2002
Thousand Dollars
1/
2003 as
2003 Percentage of
Total
Percent
Total all commodities plus
government payments . . . 14,994,592 14,616,062 15,199,325 13,579,861 17,008,001
100.0%
Government payments . . . . . 1,961,835 1,647,066 1,703,168
986,216 1,666,040
All commodities . . . . . . . . . . 13,032,757 12,968,996 13,496,157 12,593,645 15,341,961
9.80%
90.20%
Livestock and products . . . .
Meat animals . . . . . . . . . .
Dairy products . . . . . . . . .
Poultry and eggs . . . . . . . .
Miscellaneous livestock 1
8,483,847
6,251,234
839,400
1,235,055
158,158
9,159,600
6,966,852
766,346
1,256,877
169,525
9,345,177
6,955,913
803,588
1,415,736
169,940
8,088,537 10,311,441
5,973,474 7,987,225
680,604
729,430
1,249,709 1,396,620
184,750
198,166
60.63%
46.96%
4.29%
8.21%
1.17%
Crops . . . . . . . . . . . . . . . . . .
Food grains . . . . . . . . . . . .
Feed crops . . . . . . . . . . . .
Cotton . . . . . . . . . . . . . . . .
Oil crops . . . . . . . . . . . . . .
Vegetables . . . . . . . . . . .
Fruits and nuts . . . . . . . . .
All other crops . . . . . . . . .
4,548,910
357,840
848,394
1,355,274
227,716
430,730
126,158
1,202,798
3,809,396
265,156
1,016,878
573,971
216,491
434,313
93,536
1,209,051
4,150,980
351,231
877,283
718,295
241,444
521,452
106,489
1,334,786
4,505,108
282,996
1,036,871
935,300
197,377
537,826
76,820
1,437,918
29.58%
2.01%
6.19%
7.87%
1.11%
3.42%
0.61%
8.37%
5,030,520
341,505
1,052,680
1,339,191
189,129
581,824
103,229
1,422,962
Includes wool, mohair, honey, catfish, equine and other livestock.
Source: “Texas Agricultural Statistics 2003", Texas Agricultural Statistics Service, September 2004.
Percentage of Total Cash Receipts for Texas Commodity
Groups and Government Payments, 2003
Vegetables
3.42%
Oil Crops
1.11%
Cotton
7.87%
Other Crops
8.37%
Govern't Payments
9.80%
Misc. Livestock*
1.17%
Feed Crops
6.19%
Food Grains
2.01%
Poultry & Eggs
8.21%
Dairy Products
4.29%
Fruits & Nuts
0.61%
Meat Animals
46.96%
*Wool, mohair, honey, catfish, equine and other livestock
income included. Source: TASS, USDA
Texas Agricultural Cash Receipts, by Commodities and Commodity Groups, 1999 - 2003
Commodity
1999
2000
2001
2002
2003
Percentage
of all
Commodities
2003
- - Percent - -
ALL COMMODITIES
$13,032,757
$12,968,996
$13,496,157
$12,593,645
$15,341,961
100.00%
Livestock and products
Crops, fruits and others
8,483,847
4,548,910
9,159,600
3,809,396
9,345,177
4,150,980
8,088,537
4,505,108
10,311,441
5,030,520
67.21%
32.79%
LIVESTOCK AND PRODUCTS:
Cattle and calves
Broilers
Milk, wholesale and retail
Eggs
Hogs
Sheep and lambs
Wool
Mohair
Other livestock 2/
6,124,290
883,227
839,400
240,509
70,456
56,488
3,898
9,384
256,195
6,815,081
880,498
766,346
256,903
113,497
38,274
3,678
10,088
275,235
6,812,228
1,058,616
803,588
267,077
103,510
40,175
3,122
3,775
253,086
5,862,734
893,327
680,604
273,312
65,974
44,766
4,046
3,110
260,664
7,872,092
1,031,590
729,430
310,007
64,705
50,428
5,040
2,586
245,563
51.31%
6.72%
4.75%
2.02%
0.42%
0.33%
0.03%
0.02%
1.60%
CROPS:
Cotton lint
Hay
Corn
Sorghum grain
Wheat
Cottonseed
Onions
Peanuts
Rice
Watermelons
Cantaloupes
Potatoes
Cabbage
Sugarcane for sugar
Soybeans
Cucumbers
Honeydew melons
Carrots
Peppers, chili
Spinach
Sweetpotatoes
Dry Beans
Tomatoes, fresh
Sunflowers
Peppers, green
Corn, sweet
Oats
Barley
Other crop 3/
1,205,274
178,364
414,197
254,206
241,528
149,999
93,788
190,921
115,404
29,611
56,743
44,423
41,290
26,962
31,058
22,396
17,111
32,259
n/a
11,344
4,337
6,812
6,086
5,670
6,224
7,785
1,305
322
105,244
428,435
280,671
439,530
295,067
185,775
145,536
96,342
171,831
78,762
21,840
42,412
50,985
52,480
52,597
38,752
19,688
14,131
15,684
11,963
12,239
4,469
5,473
C
5,866
9,048
8,011
1,375
235
123,431
577,627
295,209
308,158
270,608
270,756
140,668
106,386
202,473
78,691
32,400
69,720
52,358
66,011
56,702
30,500
28,178
13,608
26,934
16,965
11,796
5,958
5,274
6,480
8,431
11,083
7,020
2,725
582
105,678
770,596
436,646
285,814
305,172
225,665
164,704
122,871
157,976
55,363
56,610
80,798
56,031
39,917
52,480
31,361
35,050
16,357
12,305
11,000
12,988
8,983
6,315
7,680
8,040
7,520
4,968
8,753
486
104,569
1,156,685
396,556
326,312
324,588
257,972
182,506
158,712
149,040
81,948
67,760
63,444
59,196
53,869
52,480
32,664
24,231
19,437
14,295
13,703
10,246
9,214
8,335
7,605
7,425
5,670
5,377
4,888
336
108,017
7.54%
2.58%
2.13%
2.12%
1.68%
1.19%
1.03%
0.97%
0.53%
0.44%
0.41%
0.39%
0.35%
0.34%
0.21%
0.16%
0.13%
0.09%
0.09%
0.07%
0.06%
0.05%
0.05%
0.05%
0.04%
0.04%
0.03%
0.00%
0.70%
68,000
39,472
3,936
6,820
n/a
7,930
34,600
29,633
6,054
10,034
n/a
13,215
50,000
21,256
7,867
14,820
8,370
4,176
33,400
20,568
7,195
6,840
4,004
4,813
63,840
18,364
5,936
4,891
5,220
4,978
0.42%
0.12%
0.04%
0.03%
0.03%
0.03%
FRUITS AND NUTS:
Pecans
Grapefruit
Oranges
Peaches
Grapes
Other fruits and nuts
OTHER FARM INCOME:
Greenhouse and nursery
1,122,089
1,103,232
1,235,512
1,341,270
1,324,780
1/ Commodities are listed in order of importance for 2003 by crop items and by livestock items.
2/ For 2000 - 2003, includes milkfat, turkey eggs, equine, goats, goat milk, honey, catfish, and other poultry and livestock. For 1999,
includes milkfat, turkey, eggs, goats, goat milk, honey, catfish and other poultry and livestock. 3/ For 1999 - 2000 includes peppers, chili,
greens, okra, miscellaneous vegetables, and field crops. For 2002 - 2003 includes miscellaneous vegetables and field crops.
NA = Not Available; C = Confidential
SOURCE: 2003 Texas Agricultural Statistics, USDA/Texas Agricultural Statistics Service, September 2004; various issues of Texas Ag
Statistics and Texas Agricultural Cash Receipts and Price Statistics, USDA/TASS.
8.64%
Texas Agricultural Cash Receipts by
Commodities, 1999 - 2003
5.03
2003
10.31
4.51
2002
8.09
4.15
2001
9.35
3.81
2000
9.16
4.55
1999
0.0
2.0
4.0
Livestock
2003 estimated by USDA/TASS/NASS
8.48
6.0
Crops
8.0
10.0
12.0
Texas: Leading commodities for cash receipts, 2003
Rank
Items
All commodities
Livestock and products
Crops
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Cattle and calves
Cotton
Greenhouse/nursery
Broilers
Dairy products
Hay
Corn
Sorghum grain
Chicken eggs
Wheat
Onions
Peanuts
Rice
Watermelons
Hogs
Pecans
Cantaloups
Potatoes
Cabbage
Cane for sugar
Sheep and lambs
Soybeans
Cucumbers
Turkeys
Mushrooms
Government payments 4/
Net farm income 5/
Value of
receipts
1,000 dollars
Percent
Percent
of total
Cumulative
of U.S.
receipts
percent 1/
value 2/
- - - - - - - - - -Percent- - - - - - - - - -
15,341,961
10,311,441
5,030,520
100.0
67.2
32.8
7,872,092
1,339,191
1,324,780
1,031,590
729,430
396,556
326,312
324,588
310,007
257,972
158,712
149,040
81,948
67,760
64,705
63,840
63,444
59,196
53,869
52,480
50,428
32,664
24,231
51.3
8.7
8.6
6.7
4.8
2.6
2.1
2.1
2.0
1.7
1.0
1.0
0.5
0.4
0.4
0.4
0.4
0.4
0.4
0.3
0.3
0.2
0.2
3/
3/
1,666,040
5,927,090
---51.3
60.0
68.7
75.4
80.2
82.7
84.9
87.0
89.0
90.7
91.7
92.7
93.2
93.7
94.1
94.5
94.9
95.3
95.7
96.0
96.3
96.5
96.7
---
---
---
---
7.2
9.8
4.7
211,646,847
105,470,948
106,175,899
17.5
26.7
8.7
6.8
3.4
9.0
1.8
38.2
5.8
3.8
15.9
19.1
6.8
19.5
0.6
23.0
17.1
2.3
19.4
5.2
10.2
0.2
6.6
45,094,877
5,024,585
15,193,378
15,214,234
21,227,695
4,394,442
18,336,285
849,165
5,315,311
6,712,698
997,321
779,183
1,213,720
347,136
10,629,007
277,629
372,006
2,571,284
277,191
1,003,327
496,015
15,942,227
367,882
--10.4
10.2
-- = Not applicable.
Numbers may not add due to rounding.
1/ The cumulative percentage is the sum of the percent of total receipts for each commodity and all preceding
commodities.
2/ Percent State receipts are of U.S. receipts for same line item.
3/ Commodities at the bottom of the above ranked list of commodities and having no accompanying data
would have appeared within the ranked list of leading commodities, but were excluded to avoid
disclosure of confidential information about individual producers.
4/ Government payments made directly to farmers in cash or Payment-in-Kind.
5/ Net farm income, a value of production measure, is the farm operator's share of the sector's net value
added to the National economy from production activities within a calendar year.
Economic Research Service/USDA
Information Contacts: Larry Traub
Roger Strickland
Revised: August 24, 2004
E-Mail: ltraub@ers.usda.gov
E-Mail: rogers@ers.usda.gov
Value
of U.S.
receipts
1,000 dollars
--15,949,402
58,276,271
U.S. farm sector cash receipts from sales of agricultural commodities, 2001-2005F
Change
02/11/05
2003 to
2001
2002
2003
2004F
2005F
2004
- - - - - - - - - - Billion $ - - - - - - - - - Crop receipts:
Food grains
Wheat
Rice
Change
2004 to
2005
6.4
5.3
1.0
6.9
5.9
0.9
8.0
6.7
1.2
9.3
7.5
1.7
8.2
6.6
1.5
1.3
0.8
0.5
(1.1)
(0.9)
(0.2)
Feed crops
Corn
Barley, oats, and sorghum
Hay
21.4
15.3
1.5
4.6
24.1
17.9
1.6
4.6
24.3
18.3
1.6
4.4
27.0
20.4
1.6
4.9
25.3
19.2
1.4
4.7
2.6
2.1
0.0
0.5
(1.7)
(1.2)
(0.2)
(0.2)
Oil crops
Soybeans
Peanuts
13.3
11.8
1.0
15.0
13.8
0.6
17.3
15.9
0.8
18.6
16.9
1.1
14.7
13.4
0.8
1.3
1.0
0.3
(3.9)
(3.5)
(0.3)
Cotton (lint and seed)
Tobacco
Fruits and nuts
Vegetables
All other crops
Greenhouse and nursery
3.6
1.9
11.9
15.5
19.3
14.5
3.4
1.7
13.0
17.2
20.0
15.1
5.0
1.6
13.1
16.8
20.1
15.2
5.7
1.6
14.3
16.7
20.1
15.1
4.7
1.3
13.3
16.4
20.6
15.6
0.7
0.0
1.2
(0.1)
(0.0)
(0.1)
(1.0)
(0.3)
(1.0)
(0.3)
0.5
0.5
TOTAL CROPS
93.4
101.3
106.2
113.2
104.6
7.0
(8.6)
Livestock receipts:
Meat animals
Cattle and calves
Hogs
Sheep and lambs
53.3
40.5
12.4
0.4
48.1
38.1
9.6
0.4
56.2
45.1
10.6
0.5
61.1
45.6
15.0
0.5
60.4
45.9
14.0
0.5
4.8
0.5
4.3
0.0
(0.7)
0.3
(1.0)
0.0
Poultry and eggs
Broilers
Turkeys
Eggs
24.6
16.7
2.7
4.4
21.1
13.4
2.6
4.3
23.9
15.2
2.7
5.3
29.3
20.4
3.0
5.2
28.3
20.4
3.0
4.2
5.4
5.2
0.3
(0.1)
(1.0)
(0.0)
0.1
(1.0)
All dairy
24.7
20.6
21.2
27.8
25.0
6.5
(2.8)
4.0
4.0
4.1
4.1
4.2
(0.0)
0.1
TOTAL LIVESTOCK
106.7
93.8
105.5
122.2
117.9
16.8
(4.4)
TOTAL RECEIPTS
200.1
195.1
211.6
235.4
222.4
23.8
(13.0)
Miscellaneous livestock
F = forecast. P = preliminary. na = not applicable. ( ) = negative number. Numbers may not add due to rounding.
The current forecast and historic information can always be found at http://www.ers.usda.gov/data/farmincome/finfidmu.htm
Information contacts: Larry Traub, e-mail: Ltraub@ers.usda.gov and Roger Strickland, e-mail: rogers@ers.usda.gov
Economic Research Service
U.S. Department of Agriculture
U.S. Farm Sector Cash Receipts from Sales
of Agricultural Commodities, 2001 – 2005
130
Livestock $117.9
Billion $
120
110
100
Crops $104.6
90
2001
2004 and 2005 forecast
2002
2003
2004
2005
Balance Sheet of the U.S. Farming Sector
Calendar
Year
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004F
2005F
Debt
Equity
Assets
- - - - - Billion $ - - - - 166.8
817.4
984.2
182.3
800.1
982.4
188.8
756.3
945.1
191.0
752.2
943.2
193.7
663.3
857.0
177.6
595.1
772.7
157.0
567.5
724.5
144.4
613.1
757.5
139.4
646.9
786.3
137.9
674.5
812.4
131.1
709.5
840.6
131.9
712.3
844.2
131.6
736.2
867.8
134.3
774.9
909.2
138.9
795.8
934.7
143.0
822.8
965.7
148.6
854.3
1,002.9
156.9
894.4
1,051.3
164.6
918.7
1,083.4
167.7
971.1
1,138.8
177.6
1,025.6
1,203.2
185.7
1,070.2
1,255.9
193.3
1,110.7
1,304.0
200.0
1,180.8
1,378.8
205.9
1,247.0
1,452.9
213.3
1,291.2
1,504.5
Source: 2004 and 2005 forecast, ERS/USDA, Farm Business Economics
Business Room., February 2005; “Agricultural Outlook”, USDA.
1600
1400
1200
1000
800
600
400
200
0
Assets $1,504.5
$213.3
Debt
Equity $1,291.2
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
00
01
02
0
04 3
0 5F
F
Billion $
Balance Sheet of the U.S. Farming Sector