Figure 2.2 A Trends in the number of farms, 1990 to 2007 Year

Figure 2.2 B Trends in the average size of farms, 1990 to 2007 Number of Acres Year

Figure 2.3 A. Index of total farm inputs used in agricultural production, 1948 to 2006 (1996=1.00) Indices Year

Figure 2.3 B. Index of capital, labor, and materials used in agricultural production, 1948 to 2006 (1996=1.00) 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 50 55 60 65 70 75 80 85 90 95 00 05 Capital Labor Materials Indices Year

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Figure 2. 4. Index of agricultural productivity, 1948 to 2006 (1996=1 Indices Year

Figure 2.5 A Index of total output from the farm sector, 1948 to 2006 (1996=1.00) Indices Year

Figure 2.5 B Index of output associated with livestock products, 1948 to 2006 (1996=1.00) Indices Year

Figure 2.5 C Index of output associated with crops, 1948 to 2006 (1996=1.00) Indices Year

Figure 2.6 A Gross farm income and production expenses, 1949 to 2007 50 100 150 200 250 300 350 55 60 65 70 75 80 85 90 95 00 05 Gross Farm Income Production Expenses Billion $ Year

Net Farm Income Real Net Farm Income Figure 2.6 B Nominal and Real Net Farm Income, 1949 to 2007 10 20 30 40 50 60 70 80 90 55 65 75 85 95 00 05 Net Farm Income Real Net Farm Income Billion $ Year

Nominal Billions of dollars $ Figure 2.7 A Real Estate Assets and Non-real estate assets 1960 to 2006 2,000 400 800 1,200 1,600 2,000 60 65 70 75 80 85 90 95 00 Nominal Billions of dollars $ 1,600 1,200 Nominal Billions of dollars $ 800 400 60 65 70 75 80 85 90 95 00 05 Year Real Estate Assets Non-real Estate Assets

Nominal Billions of dollars $ Figure 2.7 B Farm assets and liabilities, 1960 to 2007 2,400 2,000 1,600 1,200 Nominal Billions of dollars $ 800 400 60 65 70 75 80 85 90 95 00 05 Year Farm Assets Liabilities

Figure 2.7 C Equity associated with the farm sector, 1960 to 2007 Billion $ Year

Figure 2.7 D Debt-to-asset ratio associated with the farm sector, 1960 to 2007 Percent % Year

Figure 2.7 E Debt-to-equity ratio associated with the farm sector, 1960 to 2007 Percent % Year

Source: USDA Economic Research Service Figure 2.9 Share of the food dollar for food eaten at home and for food eaten away from home. Source: USDA Economic Research Service Percent % Year

Figure 2.10 Percentage of disposable personal income spent on food, 1929 to 2007 Year

Figure 2.11 Illustration of Engel’s Law using annual data from 1929 to 2007

Figure 2.14 The marketing bill share and the farm value share of consumer food expenditures, 1950 to 2006 90 80 70 60 50 Percent % 40 30 20 10 50 55 60 65 70 75 80 85 90 95 00 05 Year Farm Value Share Marketing Bill Share