FARM BALANCE SHEET (EXCLUDING FARM HOUSEHOLDS) DECEMBER 31, SELECTED YEARS 1/  

                		1970	1980	1990	1995	1996	1997	1998	
						-million dollars-  

Total Farm Assets		4,193	12,315	14,632	17,199	17,776	18,141	18,001
Real Estate 2/			3,024	9,522 	11,185	12,923	14,045	14,344	14,867
Livestock and Poultry 3/	289	897	1,085	885	872	944	838
Machinery and Motor Vehicles 4/	499	1,229	1,299	1,359	1,369	1,455	1,449
Crops 5/			113	251	297	307	392	252	238
Purchased Inputs		NA	NA	22	35	49	57	59
Financial			268	416	744	867	1,050	1,089	550
								
Total Farm Debt			522	1,810	1,914	1,836	1,841	1,943	1,995
   By Purpose:								
     Real Estate Debt 6/	313	1,000	1,171	1,161	1,148	1,191	1,180
     Non-Real Estate Debt 7/	208	809	743	675	693	752	815
   By Lender:								
     Farm Credit System		153	666	908	889	870	909	921
     Farm Service Agency	29	290	213	117	102	97	93
     Commercial Banks		171	331	402	416	439	476	504
     Life Insurance Companies	29	34	88	40	35	43	51
     Individuals and Others	139	478	303	374	395	418	426
Equity				3,671	10,505	12,717	15,364	15,935	16,198	16,006

Ratios	
 Equity/Assets			87.6	  85.3	 86.9	 89.5	 90	 89.7	NA
 Debt/Equity			14.5	 17.6	 15.1	 12.0	 11.6	 12.0	12.5
 Debt/Assets			12.7	 15.1	 13.1	 10.7	 10.4	 10.7	11.1

1/ Data are for farms with sales of &1,000 or more annually.
2/ Excludes value of operator dwellings.
3/ Excludes horses, mules, and broilers.
4/ Includes only farm share value for trucks and autos.
5/ All non-CCC crops held on farms plus the value above  loan rate for crops help under CCC.
6/ Excludes debt on operator dwellings, but includes CCC storage and drying facility loans.
7/ Excludes debt for non-farm purposes.






                       NUMBER OF FARMS, LAND IN FARMS, AND FARMLAND VALUES, 1965-1999 1/
	  	
						                        Average Acre Value of
		   	Number of Farms		Farm Land  Average Size	Farmland and Buildings
                                        -thousand acres-	-acres-	-dollars-			
1965*				85,000	       12,300		145	  190
1970*				76,000	       11,400		150	  286
1975				62,000	       10,100		163	  558
1980				58,000		9,800		169	1,028
1985				54,000		9,500		176	1,112
1986				51,000		9,300		182	1,179
1987				49,000		9,100		186	1,154
1988				48,000		9,100		190	1,198
1989				47,000		9,000		191	1,397
1990				46,000		8,900		193	1,665
1991				45,000		8,800		196	1,490
1992				45,000		8,700		193	1,643
1993				49,000		8,800		180	1,636
1994				49,000		8,800		180	1,690
1995				49,000		8,800		180	1,720
1996				49,000		8,800		180	1,840
1997				49,000		8,800		180	1,880
1998				49,000		8,800		180	1,920
1999				50,000		8,600		172	2,040

1/ Places that sell or normally would sell $1,000 of agricultural products.
* Places of 10 of more acres that had annual sales of agricultural products of $50
 or more and places of less than 10 acres that had annual sales of $250 or more.