By US Department of Agriculture
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Extra info for Agriculture Fact Book 1998 (Agriculture Factbook, 1998)
These categories do not reflect cash transactions during the current year. ■ Farm Household Income arm operators have been surveyed through the annual Agricultural Resource Management Study (formerly the Farm Costs and Returns Survey) about the finances and production on their farms since 1985. Beginning in 1988 USDA collected additional information about the operators’ households. In 1996, the most recent year for which the survey data are available, about 98 percent of farms were covered in the household definition.
Net value-added represents the total value of the farm sector’s output of goods and services (less payments to other, nonfarm, sectors of the economy) and production agriculture’s addition to national output. 4 billion increase in out-of-pocket costs in 1996. The value of 1996 crop output soared $17 billion, reflecting rebounds in both acreage and yield for major crops, both of which had declined in 1995, following 1994’s record harvest. 4 billion higher than the previous year, the first increase in 3 years.
Source: USDA, Economic Research Service, Resource Economics Division, 1996 Agricultural Resource Management Study. averaging $41,509. Among occupational categories, households of operators who reported occupations other than farming or retired had the highest average household income, largely from off-farm sources. Data on operators’ age show that households associated with the oldest and youngest operators had the lowest average household income. Data on operators’ educational level show significant increases in average income with each higher educational level.
Agriculture Fact Book 1998 (Agriculture Factbook, 1998) by US Department of Agriculture