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
2005 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
100
111
110
99
100
101
103
106
110
115
118
115
115
120
123
124
128
134
141
104
100
98
101
100
102
112
107
102
96
96
102
98
107
119
116
1/
Prices paid by farmers is nationwide as no separate series exists for
prices paid in Texas.
2/
2005 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)
150
U.S. Prices Paid*
140
130
120
110
100
90
80
All Items
Texas Prices Received
All Farm Products
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05
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, 2000-2004
Commodity Groups
2000
2001
2002
2003
Thousand Dollars
1/
2004 as
2004 Percentage of
Total
Percent
Total all commodities plus
government payments . . . 14,616,062 15,199,327 13,556,076 16,934,518 17,503,702
100.0%
Government payments . . . . . 1,647,066 1,703,168
998,543 1,665,155 1,004,882
All commodities . . . . . . . . . . 12,968,996 13,496,159 12,557,533 15,269,363 16,498,820
5.74%
94.26%
Livestock and products . . . .
Meat animals . . . . . . . . . .
Dairy products . . . . . . . . .
Poultry and eggs . . . . . . . .
Miscellaneous livestock 1
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 10,313,219 11,106,987
5,973,474 7,989,166 8,136,354
680,604
729,430
975,718
1,249,709 1,396,645 1,798,292
184,750
197,978
196,623
63.46%
46.48%
5.57%
10.27%
1.12%
Crops . . . . . . . . . . . . . . . . . .
Food grains . . . . . . . . . . . .
Feed crops . . . . . . . . . . . .
Cotton . . . . . . . . . . . . . . . .
Oil crops . . . . . . . . . . . . . .
Vegetables . . . . . . . . . . .
Fruits and nuts . . . . . . . . .
All other crops . . . . . . . . .
3,809,396
265,156
1,016,878
573,971
216,491
434,313
93,536
1,209,051
4,150,982
351,231
877,283
718,295
241,444
521,452
106,491
1,334,786
4,468,996
282,248
1,005,034
935,300
197,170
537,826
76,959
1,434,459
30.80%
2.58%
6.09%
8.83%
1.18%
2.84%
0.79%
8.48%
4,956,144
316,392
985,628
1,345,541
198,586
589,549
102,742
1,417,706
5,391,833
452,054
1,066,531
1,546,320
207,363
497,731
137,641
1,484,193
Includes wool, mohair, honey, catfish, equine and other livestock.
Source: “Texas Agricultural Statistics 2004", Texas Agricultural Statistics Service, December 2005.
Percentage of Total Cash Receipts for Texas Commodity
Groups and Government Payments, 2004
Ve ge table s
2.84%
Othe r Crops
8.48%
Gove rn't Payme nts
5.74%
Oil Crops
1.18%
M isc. Live stock*
1.12%
Cotton
8.83%
Fe e d Crops
6.09%
Food Grains
2.58%
Poultry & Eggs
10.27%
M e at Animals
46.48%
Dairy Products
5.57%
Fruits & Nuts
0.79%
Total = $17.5 billion
*Wool, mohair, honey, catfish, equine and other livestock income included. Source: TASS, USDA
Texas Agricultural Cash Receipts, by Commodities and Commodity Groups, 2000 - 2004
Commodity
2000
2001
2002
2003
2004
Percentage
of all
Commodities
2004 1/
- - Percent - -
ALL COMMODITIES
$12,968,996
$13,496,159
$12,557,533
$15,269,363
$16,498,820
100.00%
Livestock and products
Crops, fruits and others
9,159,600
3,809,396
9,345,177
4,150,982
8,088,537
4,468,996
10,313,219
4,956,144
11,106,987
5,391,833
67.32%
32.68%
LIVESTOCK AND PRODUCTS:
Cattle and calves
Broilers
Milk, wholesale and retail
Eggs
Hogs
Sheep and lambs
Wool
Mohair
Other livestock 2/
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
66,646
50,428
5,040
2,856
245,130
7,989,786
1,424,520
975,718
306,388
88,675
57,893
5,712
3,402
254,893
48.43%
8.63%
5.91%
1.86%
0.54%
0.35%
0.03%
0.02%
1.54%
428,435
439,530
280,671
185,775
295,067
145,536
171,831
78,762
96,342
50,985
21,840
52,480
52,597
38,752
42,412
19,688
15,684
11,963
12,239
5,473
5,866
14,131
4,469
5,879
1,375
9,048
8,011
235
117,552
577,627
308,158
295,209
270,756
270,608
140,668
202,473
78,691
106,386
52,358
32,400
66,011
56,702
30,500
69,720
28,178
26,934
16,965
11,796
5,274
8,431
13,608
5,958
6,480
2,725
11,083
7,020
582
105,678
770,596
281,825
425,397
225,665
289,336
164,704
157,976
55,363
122,871
56,031
56,610
39,917
52,480
31,361
80,798
35,050
12,305
11,000
12,988
6,315
7,833
16,357
8,983
7,680
7,990
7,520
4,968
486
100,362
1,165,814
353,780
321,868
245,319
304,771
179,728
157,950
69,503
158,712
66,746
67,760
53,869
51,381
33,454
63,444
24,231
14,295
13,703
10,246
8,510
7,182
19,437
9,214
7,605
4,873
5,670
5,377
336
103,999
1,294,307
406,299
355,498
325,893
299,581
252,013
156,651
124,197
112,543
67,453
60,500
60,208
51,381
41,785
26,760
25,809
19,119
12,788
12,423
10,260
8,927
8,822
8,807
7,540
4,851
3,984
2,736
302
104,312
7.84%
2.46%
2.15%
1.98%
1.82%
1.53%
0.95%
0.75%
0.68%
0.41%
0.37%
0.36%
0.31%
0.25%
0.16%
0.16%
0.12%
0.08%
0.08%
0.06%
0.05%
0.05%
0.05%
0.05%
0.03%
0.02%
0.02%
0.00%
0.63%
34,600
29,633
10,034
6,054
n/a
13,215
50,000
21,258
14,820
7,867
8,370
4,176
33,400
20,569
6,840
7,332
4,004
4,814
63,840
18,366
4,891
5,447
5,220
4,978
66,760
33,873
15,097
8,634
7,812
5,465
0.40%
0.21%
0.09%
0.05%
0.05%
0.03%
CROPS:
Cotton lint
Corn
Hay
Wheat
Sorghum grain
Cottonseed
Peanuts
Rice
Onions
Potatoes
Watermelons
Cabbage
Sugarcane for sugar
Soybeans
Cantaloupes
Cucumbers
Carrots
Peppers, chili
Spinach
Dry Beans
Sunflowers
Honeydew melons
Sweetpotatoes
Tomatoes, fresh
Oats
Peppers, green
Corn, sweet
Barley
Other crop 3/
FRUITS AND NUTS:
Pecans
Grapefruit
Peaches
Oranges
Grapes
Other fruits and nuts
OTHER FARM INCOME:
Greenhouse and nursery
1,103,232
1,235,512
1,341,270
1,324,625
1,388,443
8.42%
1/ Commodities are listed in order of importance for 2004 by crop items and by livestock items.
2/ For 2001 - 2004, includes milkfat, turkey eggs, equine, goats, goat milk, honey, catfish, farm chicks, and other poultry and livestock. For
2000 includes milkfat, turkey, eggs, goats, goat milk, honey, catfish, farm chicks, and other poultry and livestock. 3/ For 2000 includes
grapes, greens, okra, miscellaneous vegetables, field crops, and fruit and nuts. For 2001 includes greens, okra, miscellaneous vegetables, field
crops, and fruit and nuts. For 2002-2004 includes miscellaneous vegetables, field crops, and fruit and nuts. NA = not available
SOURCE: 2004 Texas Agricultural Statistics, USDA/Texas Agricultural Statistics Service, September 2005; various issues of Texas Ag
Statistics and Texas Agricultural Cash Receipts and Price Statistics, USDA/TASS.
Texas Agricultural Cash Receipts by
Commodities, 2000 - 2004
5.39
2004
11.11
4.96
2003
4.47
2002
10.31
8.09
4.15
2001
9.35
3.81
2000
0.0
2.0
4.0
9.16
6.0
Livestock
2004 estimated by USDA/TASS/NASS
8.0
Crops
10.0
12.0
14.0
Texas: Leading commodities for cash receipts, 2004
Rank
Items
Percent
Percent
Value of
of total Cumulative of U.S.
Value of U.S.
receipts
receipts
percent 1/
value 2/
receipts
1,000 dollars
1,000 dollars ---------------- Percent ----------------
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
Broilers
Greenhouse/nursery
Dairy products
Corn
Hay
Wheat
Chicken eggs
Sorghum grain
Peanuts
Rice
Onions
Hogs
Potatoes
Pecans
Watermelons
Cabbage
Sheep and lambs
Cane for sugar
Soybeans
Grapefruit
Cantaloups
Turkeys
Mushrooms
Government payments 4/
Net farm income 5/
16,498,398
11,106,987
5,391,411
100.0
67.3
32.7
7,989,786
1,546,320
1,424,520
1,388,443
975,718
406,299
355,498
325,893
306,388
299,581
156,651
124,197
112,543
88,675
67,453
66,760
60,500
60,208
57,893
51,381
41,785
33,873
26,760
48.4
9.4
8.6
8.4
5.9
2.5
2.2
2.0
1.9
1.8
0.9
0.8
0.7
0.5
0.4
0.4
0.4
0.4
0.4
0.3
0.3
0.2
0.2
3/
3/
1,152,040
6,722,369
---48.4
57.8
66.4
74.9
80.8
83.2
85.4
87.4
89.2
91.0
92.0
92.7
93.4
94.0
94.4
94.8
95.1
95.5
95.8
96.2
96.4
96.6
96.8
---
---
---
---
6.8
9.0
4.6
241,241,403
123,480,989
117,760,414
16.9
28.6
7.0
8.8
3.6
1.8
8.1
4.4
5.8
35.7
18.8
7.2
11.0
0.6
2.8
20.4
19.3
17.3
11.3
5.1
0.2
12.0
8.9
47,295,573
5,405,215
20,446,085
15,697,175
27,367,857
22,198,830
4,405,369
7,381,162
5,303,244
838,129
834,380
1,727,693
1,024,087
14,348,331
2,373,184
326,924
313,458
347,405
514,029
997,699
18,374,576
282,335
300,818
--8.7
8.1
--13,303,598
82,539,641
-- = 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
commoditites.
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 hav
appeared within the ranked list of leading commodities, but were excluded to avoid disclosure of confidentia
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 adde
to the National economy from production activities within a calendar year.
Economic Research Service/USDA
Information Contacts: Larry Traub
E-Mail: ltraub@ers.usda.gov
Roger Strickland E-Mail: rogers@ers.usda.gov
Revised: August 8, 2005
U.S. farm sector cash receipts from sales of agricultural commodities, 2002-2006F
2002
Crop receipts:
Food grains
Wheat
Rice
Change
02/10/06
2004 to
2003
2004
2005F
2006F
2005
- - - - - - - - - - - Billion $ - - - - - - - - - - -
Change
2005 to
2006
6.8
5.9
0.9
8.0
6.8
1.2
9.1
7.4
1.7
8.8
7.2
1.6
8.2
6.4
1.8
-0.3
-0.2
-0.1
-0.6
-0.8
0.1
Feed crops
Corn
Barley, oats, and sorghum
Hay
24.0
17.9
1.5
4.6
24.7
19.0
1.6
4.1
28.2
22.2
1.6
4.4
25.8
19.3
1.4
5.2
23.6
17.2
1.2
5.1
-2.4
-2.9
-0.2
0.8
-2.3
-2.1
-0.2
0.0
Oil crops
Soybeans
Peanuts
15.0
13.8
0.6
18.7
17.3
0.8
19.8
18.4
0.8
18.5
17.0
0.8
15.6
14.3
0.7
-1.3
-1.4
0.0
-2.9
-2.7
-0.1
Cotton (lint and seed)
Tobacco
Fruits and nuts
Vegetables
All other crops
Greenhouse and nursery
3.4
1.7
12.6
17.2
20.2
15.2
6.5
1.6
13.4
17.4
20.7
15.5
5.4
1.5
15.5
17.3
21.0
15.7
5.5
1.0
15.0
18.1
21.4
16.1
6.1
1.3
15.1
17.8
21.8
16.4
0.1
-0.5
-0.5
0.8
0.5
0.4
0.7
0.3
0.1
-0.3
0.4
0.4
101.0
111.0
117.8
114.1
109.4
-3.7
-4.7
Livestock receipts:
Meat animals
Cattle and calves
Hogs
Sheep and lambs
48.1
38.1
9.6
0.4
56.2
45.1
10.6
0.5
62.2
47.3
14.3
0.5
64.4
49.6
14.2
0.5
62.9
49.1
13.2
0.6
2.2
2.3
-0.1
0.0
-1.5
-0.5
-1.0
0.0
Poultry and eggs
Broilers
Turkeys
Eggs
21.2
13.4
2.6
4.3
23.9
15.2
2.6
5.3
29.5
20.4
3.0
5.3
29.0
20.5
3.3
4.4
29.7
21.1
3.2
4.6
-0.6
0.1
0.3
-0.9
0.8
0.6
0.0
0.2
All dairy
20.6
21.2
27.4
27.0
24.9
-0.4
-2.0
4.1
4.3
4.4
4.6
4.7
0.1
0.2
94.0
105.6
123.5
124.9
122.3
1.4
-2.6
195.0
216.6
241.2
239.0
231.7
-2.3
-7.2
TOTAL CROPS
Miscellaneous livestock
TOTAL LIVESTOCK
TOTAL RECEIPTS
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, 2002 – 2006
130
Livestock $122.3
Billion $
120
110
Crops $109.4
100
90
2002
2005 and 2006 forecast
2003
2004
2005
2006
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
2004
2005F
2006F
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
198.0
1,180.8
1,378.8
206.9
1,293.9
1,500.8
212.6
1,376.9
1,589.5
218.7
1,452.9
1,671.6
Source: 2005 and 2006 forecast, ERS/USDA, Farm Business Economics
Business Room., February 2006; “Agricultural Outlook”, USDA.
1800
1600
1400
1200
1000
800
600
400
200
0
Assets $1,671.6
Debt $218.7
Equity $1,452.9
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
00
01
02
03
0
05 4
0 6F
F
B illio n $
Balance Sheet of the U.S. Farming Sector