Balance Sheet of the Farming Sector 1/

 Item                         1996      1997     1998      1999      2000
                                          Million Dollars
 ASSETS                   10,984 .4 11,350 .111,171 .8 11,343 .3 11,617 .1
 Real Estate              9,087 .8  9,172 .3 9,050 .8  8,909 .1  9,196 .5
 Livestock and Poultry2/    842 .1  1,087 .0 1,099 .3  1,239 .9  1,239 .5

 Machinery and Motor        487 .8    492 .7   515 .9    503 .1    496 .7
 Vehicles3/

 Crops4/                    104 .8    109 .1    73 .4     90 .4     93 .0

 Purchased Inputs            14 .0     15 .8    16 .2     12 .9     15 .7
 Financial                  447 .9    473 .2   416 .2    587 .9    575 .7

 FARM DEBT5/               1,263 .9  1,279 .9 1,350 .6  1,402 .4  1,473 .6
 Real Estate                682 .5    681 .3   729 .6    783 .4    805 .7
 Nonreal Estate             581 .3    598 .6   621 .0    619 .1    667 .9

 EQUITY                    9,720 .5 10,070 .29,821 .2   9,940 .9 10,143 .5

 RATIOS
 Debt/Equity                 13 .0     12 .7    13 .8     14 .1     14 .5
 Debt/Assets                 11 .5     11 .3    12 .1     12 .4     12 .7

1/ Data as of December 31. Data are for farms with annual sales of $1,000
or more. 1996-99 data have been revised. Operator's household assets and
debt no longer included in farm balance sheet estimates. May not sum due to
rounding.
2/ Excludes horses, mules, and broilers.
3/ Includes only farm share value for trucks and autos.
4/ All non-CCC crops held on farms plus the value above loan rates for
crops held under CCC.
5/ Excludes debt for non-farm purposes.

SOURCE: USDA, Economic Research Service.

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