All three measures of farm sector earnings are forecast to rise in 2010, rebounding from double-digit declines in 2009.

-Net cash income is expected to rise nearly 34 percent from 2009, and 28.8 percent above the previous 10-year average.

-Net value added, at $132.0 billion, is expected to be up $20 billion from 2009, and will be 22 percent above its 10-year average. An increase in the value of livestock production accounted for almost all of the upward movement in net value added. The value of dairy production is projected to rise by 29.6 percent, meat animal production by 16.4 percent, and poultry/egg production by 9.9 percent.

- Net farm income, while forecast to be $5.9 billion below its all-time nominal record in 2004, has shown a rebound from 2009, a year in which demand for agricultural products fell worldwide due to the global recession.

Total expenses are forecast to increase moderately.

- Total production expenses in 2010 are forecast to be 2.0 percent higher, reversing the 4.1-percent drop in 2009. This is in stark contrast to the 15.7-and 8.8-percent increases in production expenses recorded in 2007 and 2008.

The 2010 forecast is for a rise of 10.4 percent in cash receipts from sales of farm commodities.

- Crop receipts are expected to increase $9.4 billion with cotton, soybean, and corn receipts expected to show the largest gains.

- Livestock receipts are expected to increase $20 billion in 2010, led by surges in cash receipts for dairy and hogs.

Government payments are forecast to be $12.4 billion in 2010, a 1.5-percent increase from last year.

- Price-sensitive crop and milk commodity program payments are expected to decrease by a combined $2.3 billion in 2010.

-       Other government payments are expected to increase by $2.5 billion led by a nearly $2.2 billion increase in disaster assistance payments.

 

See all Farm Income data files.

See monthly prices for crops and livestock.

See annual prices for commodities.

Commodity production

Production expenses

Government payments

See our glossary for definitions of terms.

See the official USDA estimates and forecast tables.

Amounts in this article are in nominal dollars. Estimates and forecasts in constant (2005=100) dollars are available.