Table 2. PRODUCTION, PRICES, UTILIZATION AND MARKET RECEIPTS BY COMMODITY CLASS AND
NET FARM INCOME, BASE 1980 PROJECTIONS AND 1980 ESTIMATES UNDER AN
Unrestrictedproductionpolicy.
|
Item |
Unit |
1980 |
1980 Estimates |
|
Production | |||
|
I eed Grains |
Mil. tons |
240.3 |
262.9 |
|
VVlieat |
Mil. bu. |
1547.0 |
1863.6 |
|
Soybeans |
do. |
1650.0 |
1812.5 |
|
Cotton |
Mil. R. bales |
11.9 |
13.6 |
|
Cattle and Calves |
Mil. live lbs. |
51812.0 |
54449.8 |
|
Pork |
do. |
25120.0 |
26067.8 |
|
Sheep and Mutton |
do. |
714.0 |
775.6 |
|
Chickens |
do. |
15981.0 |
16725.4 |
|
Turkeys |
do. |
2896.0 |
3078.4 |
|
Eggs |
Mil. doz. |
6422.0 |
6614.7 |
|
Milk |
Mil. lbs. |
116100.0 |
116250.3 |
|
Prices | |||
|
Feed Grains |
S/to ns |
40.00 |
31.21 |
|
Wheat |
$/bu. |
1.30 |
.95 |
|
Soybeans |
$/bu. |
3.00 |
2.70 |
|
Cotton |
$/lb. |
.25 |
.21 |
|
Cattle and Calves |
$/cwt. |
31.50 |
28.24 |
|
Hogs |
do. |
23.50 |
20.55 |
|
Sheep and Lambs |
do. |
27.45 |
24.82 |
|
Chickens |
do. |
14.00 |
12.28 |
|
Turkeys |
do. |
21.00 |
18.36 |
|
Eggs |
$/doz. |
.33 |
.29 |
|
Milk |
$/cwt. |
7.50 |
7.41 |
|
Total Concentrates Fed |
Mil. tons |
230.0 |
241.2 |
|
Feed Grains |
do. |
186.0 |
197.0 |
|
Wheat |
do. |
4.0 |
4.3 |
|
Other |
do. |
40.0 |
39.9 |
|
Other Domestic Utilization | |||
|
Feed Grains |
Mil. tons |
19.3 |
19.3 |
|
Wheat (including food) |
Mil. bu. |
674.7 |
701.5 |
|
Soybeans |
Mil. bu. |
1000.0 |
1059.7 |
|
Cotton |
Mil. bales |
8.5 |
9.6 |
|
Exports | |||
|
Feed Grains |
Mil. tons |
35.0 |
47.5 |
|
Wheat |
Mil. bu. |
740.0 |
1038.4 |
|
Soybeans |
Mil. bu. |
650.0 |
744.2 |
|
Cotton |
Mil. bales |
3.5 |
4.5 |
|
Total Crop Marketing |
Mil. dot |
28958.2 |
27780.5 |
|
Feed Grains |
do. |
5478.8 |
4677.3 |
|
Wheat |
do. |
1870.3 |
1646.0 |
|
Soybeans |
do. |
4851.0 |
4788.0 |
|
Cotton ` |
do. |
1500.9 |
1412.0 |
|
Total Livestock Marketings |
Mil. dot |
41002.4 |
38716.4 |
|
Cattle and Calves |
do. |
20853.8 |
19646.9 |
|
Hogs |
do. |
5887.3 |
5343.7 |
|
Sheep and Lambs |
do. |
249.8 |
245.4 |
|
Chickens |
do. |
2502.8 |
2297.4 |
|
Turkeys |
do. |
605.3 |
562.4 |
|
Eggs |
do. |
2083.1 |
1896.1 |
|
Milk |
do. |
8520.3 |
8424.5 |
|
Total Government Payments |
Mil. dot |
4000.0 |
400.0 |
|
Feed Grains |
do. |
1800.0 |
0.0 |
|
Wheat |
do. |
925.0 |
0.0 |
|
Cotton |
do. |
875.0 |
0.0 |
|
Other |
do. |
400.0 |
400.0 |
|
Total Farm Receipts |
Mil. dot |
73960.6 |
66896.0 |
|
Farm Prerequisites |
do. |
4398.0 |
4364.0 |
|
Total Gross Farm Income |
do. |
78358.6 |
71260.9 |
|
Production Expenses |
do. |
60598.9 |
62520.9 |
|
Net Income |
do. |
17759.7 |
8740.1 |
172