Indiana’s Record F arm Income

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Indiana’s Record F arm Income. Chris Hurt hurtc@purdue.edu August 2011. - PowerPoint PPT Presentation

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Indiana’s Record Farm Income

Chris Hurthurtc@purdue.edu

August 2011

2005 2006 2007 2008 2009 2010* 2011** 2012 2013 2014$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

$8.00

$2.80

$3.34

$4.56$4.26

$3.82

$5.66

$6.86

$6.35

$5.85 $5.80

$2.65$2.99

$3.99 $4.01$4.36

$4.86$5.14

$5.33

Indiana Estimated Corn Revenues and Costs

Revenue/Bu.

Costs/Bu.

2005 2006 2007 2008 2009 2010* 2011** 2012 2013 2014$5.00

$6.00

$7.00

$8.00

$9.00

$10.00

$11.00

$12.00

$13.00

$14.00

$15.00

$6.06

$6.80

$10.47 $10.46$10.06

$12.06

$13.91$13.56

$13.01 $12.86

$6.90$7.41

$9.79 $9.69$10.12

$11.50

$12.18$12.67

Indiana Estimated Soybean Revenues and Costs

Revenue/Bu.

Costs/Bu.

Costs Based On Purdue Crop Budgets ID-166

90 91 92 93 94 95 96 97 98 99 0 1 2 3 4 5 6 7 8 9 10 110

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

70,000,000

80,000,000

90,000,000

100,000,000

87,418,205.3

57,436,394.3

70,322,974.1

86,597,562.8

62,216,284.5

79,002,838.0

94,658,955.9

24,395,850.9

12,262,586.510,630,000.0

U.S. Net Farm Income and Government

Net Farm Income

Government Payments

Bill

ion

$

USDA: January 2011

10 Year Average = $67.7 billion

90 91 92 93 94 95 96 97 98 99 0 1 2 3 4 5 6 7 8 9 10 1150,000,000

70,000,000

90,000,000

110,000,000

130,000,000

150,000,000

170,000,000

190,000,000

210,000,000

185,071,312

171,103,429

202,212,136

140,274,664

119,216,134

140,612,678 145,529,507

U.S. Farm Receipts From:

Crops Animals

Bill

ion

$

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

012345678910

11

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

39,643,874

49,812,006

57,570,042

65,855,889

81,553,523

Indiana Farm Sector EquityB

illion

$

2005

6061626364656667686970717273747576777879808182838485868788899091929394959697989901234567891

0

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

$100,000,000

Real Indiana Farm Sector Equity: 2009 =100

Bil

lio

n $

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

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80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

012345678910

11

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

505

866

1,391

Real Indiana Equity Per Farm: 2009 =100T

ho

us

an

d $