Wingman66
Banned
Registered: Sep 2007
Location: Occupied TN CSA
Posts: 1877 |
LMAO well gee CC you don't have to get personal lol...
The figures I gave you are low ball from 2006. Do you want the REAL truth from the USDA own website?
http://www.ers.usda.gov/Briefing/We...houseincome.htm
This chapter presents the latest household income forecast for 2008 and estimate for 2007, income estimates for earlier years, the composition of farm household income, and comparisons of income for farm households relative to other U.S. households. Estimates and forecasts of farm operator household income are based on data from the Agricultural Resource Management Survey (ARMS). Income of farm operator households presented in this briefing room differs from other farm income estimates of the farm sector or of farm businesses. In particular, principal farm operator households receive income from a variety of sources other than their farm businesses, such as wages and salaries from off-farm jobs, other businesses, dividends and interest, and other public and private sources that are included here but not in the farm sector accounts. Key points in this chapter include:
In 2008, average farm operator household income is projected to be $89,434, up 6.3 percent from 2007, and 19.2 percent above the 5-year average of 2002-06.
The increase in income is the result of increases in both farm and off-farm sources. The large increase in farm earnings from 2007 was primarily the result of continued growth in cash grain and soybean receipts.
In 2007, average farm operator household income is estimated to be $84,159, up 8.4 percent from 2006.
Average farm household income was 16.7 percent higher than U.S. average household income in 2006 (the last year for which comparable data exist). In the 15 major agricultural States surveyed in ARMS, average farm household income exceeded the State average household income in every State.
Farm operator household income is more variable than U.S. household income, and a larger share of farm households have negative income. Over the last 10 years, 5-6 percent of farm households had negative income, compared with 1 percent of U.S. households.
Average household income varies considerably across farms, by farm typology (based on gross sales and major occupation of the principal operators), farm commodity specialization, and geographic location.
Farm Operator Household Income Up in 2008
In 2008, average farm household income is projected to be $89,434, up 6.3 percent from 2007, and 19.2 percent above the 5-year average of 2002-06 (see table). Average off-farm income of $75,805 in 2008, up 4.6 percent from 2007, accounts for nearly 85 percent of the average farm operator household's income.
The average income of households from farm earnings is forecast to be $13,629 in 2008, up from 2007's estimated average of $11,721. As always, a variety of factors determine changes in farm income, chiefly large increases in the forecast value of cash grain and soybean receipts from 2007 to 2008. In fact, the value of crop production is forecast to be at record highs in 2008. While expenses have increased (especially for feed, seed, fertilizer, chemicals, fuel, and utilities), the large increase in the value of cash grain and soybean sales should result in significantly higher in farm earnings for the average farm household.
The 2008 income forecast for farm operator households varies significantly across the population. A useful way to capture the diversity is to categorize households based on the principal operator's major occupation and the farm's level of gross sales (see farm typology). Commercial farm households (7.8 percent of family farms) rely more on farm income than other farm households. With farm income contributing 73 percent of total income, operators of these farms are projected to average $229,920 in household income in 2008, a 9.3-percent increase over 2007 (see table).
Operator households of intermediate family farms (27.5 percent of family farms) receive a much smaller share of their household income from farm sources than do commercial farm households. With farm income contributing 16.5 percent of total income, total household income for intermediate family farms is forecast at $63,604 in 2008, up 7.4 percent from 2007.
Most U.S. family farms (64.7 percent) are classified as rural residence farms. These farms produce less than $250,000 in products, and the major occupation of their operators is not farming. Rural residence farm households receive little or no income from farm sources. The total household income of rural residence farm operators is forecast to reach $83,443 in 2008, an increase of 4.9 percent from 2007.
As far as obama don't keep up with him. Bitter and clueless?? Bitter somewhat. To give scottie pippen a multi million $ ball player $210,520.00 of the taxpayers (me & you) money?? And you call me clueless?
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I have to say yall got a good little support group going. Huddle together so yall can keep warm...trackdriver
"Kim Jong-Un speaks and his people sit up at attention. I want my people to do the same.” An actual sitting US President said that. Let that sink in.
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