U.S. OVERVIEW An industrial scene, Ensley, Alabama, February 1937 U.S. LAND AREA (million acres) Total Land 2264.0 Farms and Ranches 914.5 Pastureland 415.3 Cropland 389.7 % Irrigated 14.1 2012 Number of Farms: 2,170,000 2012 Census of Agriculture United States: Leading Commodities for Cash Receipts 2012 Nominal (current dollars) Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Commodity State Receipts $1,000 Share of State Receipts Percent All commodities Livestock and products Crops 395,068,677 171,584,157 223,484,520 100.0 43.4 56.6 Corn Cattle and calves Soybeans Dairy products, Milk Broilers Hogs Greenhouse and nursery Wheat Chicken eggs Cotton lint Hay Turkeys Grapes Almonds Potatoes Apples Misc. vegetables Other livestock Rice Other field crops Sugar beets Peanuts Strawberries Oranges Lettuce Tomatoes 69,211,091 67,949,759 40,733,816 37,003,818 24,764,850 22,193,115 15,554,500 15,333,036 7,823,140 7,388,783 7,262,073 5,441,155 4,909,477 4,347,200 3,793,001 3,016,854 2,962,383 2,930,310 2,815,047 2,515,308 2,446,039 2,281,092 2,206,581 2,190,952 1,882,938 1,866,671 17.5 17.2 10.3 9.4 6.3 5.6 3.9 3.9 2.0 1.9 1.8 1.4 1.2 1.1 1.0 0.8 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.5 0.5 Footnotes NA = Data are not available/applicable. Values are rounded to the nearest thousand. USDA/ERS Farm Income and Wealth Statistics Cummulative Share of State Receipts Percent U.S. Receipts $1,000 395,068,677 171,584,157 223,484,520 17.5 34.7 45.0 54.4 60.7 66.3 70.2 74.1 76.1 77.9 79.8 81.2 82.4 83.5 84.5 85.2 86.0 86.7 87.4 88.1 88.7 89.3 89.8 90.4 90.9 91.3 69,211,091 67,949,759 40,733,816 37,003,818 24,764,850 22,193,115 15,554,500 15,333,036 7,823,140 7,388,783 7,262,073 5,441,155 4,909,477 4,347,200 3,793,001 3,016,854 2,962,383 2,930,310 2,815,047 2,515,308 2,446,039 2,281,092 2,206,581 2,190,952 1,882,938 1,866,671 Billion $ US: Leading Commodities for Cash Receipts, 2012 Corn Cattle and Calves Soybeans Dairy Products, Milk Broilers Hogs Greenhouse/Nursery Wheat Chicken Eggs Cotton Hay Turkeys Grapes 69.21 67.95 40.73 37.00 24.76 22.19 15.55 15.33 7.82 7.39 7.26 5.44 4.91 Livestock and Products ($171,584,157) Crops ($223,484,520) 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 Value of Receipts 2012 estimated by USDA/TASS/NASS/ERS Balance Sheet of the U.S. Farming Sector Calendar Year Debt Equity Assets 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 - - - - - Billion $ - - - - 184.0 778.5 962.5 186.2 773.1 959.3 188.8 709.0 897.8 172.2 603.8 775.9 151.3 570.7 722.0 138.5 618.0 756.5 133.1 655.4 788.5 131.1 682.7 813.7 131.1 709.5 840.6 131.9 712.3 844.2 131.6 736.2 867.8 134.3 774.9 909.2 138.9 795.8 934.7 143.0 822.8 965.7 148.6 854.3 1,002.9 156.9 894.4 1,051.3 164.6 918.7 1,083.4 167.7 971.1 1,138.8 163.9 1,039.3 1,203.2 170.7 1,085.3 1,255.9 187.0 1,075.9 1,263.0 181.1 1,153.1 1,334.2 197.6 1,308.1 1,505.7 209.1 1,507.4 1,716.5 2006 2007 2008 2009 2010 2011 2012 2013F 2014F 215.7 240.7 261.1 268.3 278.9 294.5 300.3 309.2 316.2 1,695.4 1,836.7 1,879.2 1,871.5 2,079.5 2,235.4 2,510.9 2,620.6 2,684.7 1,911.1 2,077.4 2,140.3 2,139.9 2,358.5 2,529.8 2,811.3 2,929.7 3,000.9 Source: 2012 preliminary and 2013 and 2014 forecast, ERS/USDA, Farm Income and Wealth Statistics web site, March 2014 3200 2800 2400 2000 1600 1200 800 400 0 Assets $3,000.9 Debt $316.2 Equity $2,684.7 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13P 14P Billion $ Balance Sheet of the U.S. Farming Sector 2013 and 2014 forecast