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Economic Indicators of the Farm Sector: Farm Sector Review, 1980

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Abstract

The food and fiber system accounted for 20 percent of total U.S. business activity in 1980 and nearly 24 percent of total U.S. employment. Farmers' net cash income of $32.6 billion in 1980 declined 15.2 percent from 1979. Net farm income dropped 39 percent. Mainly due to drought conditions, productivity decreased 3 percent from its 1979 record high. Farm output, which increased 28 percent from 1970 to 1979, dipped 5 percent in 1980. Savings, an important factor in increasing farm capacity output and productivity, continued at a high level--totaling 31 percent of gross cash inflows and 44 percent of net cash income.

Suggested Citation

  • Unknown, 1982. "Economic Indicators of the Farm Sector: Farm Sector Review, 1980," Statistical Bulletin 154474, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssb:154474
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    File URL: https://ageconsearch.umn.edu/record/154474/files/sb691.pdf
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    Research Methods/ Statistical Methods;

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