Cash Receipts
How are cash receipts estimates developed?
Major livestock commodities
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For the major producing States: after the close of the year,
NASS publishes calendar-year cash receipts and home consumption
data, and ERS uses these numbers. For the current year, ERS
develops indexes to indicate direction and magnitude of changes
in monthly sales quantities and multiply by NASS published
monthly prices.
Major crop commodities
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For the major producing States: NASS publishes quantity and
value of production for the crop-marketing year, neither
of which ERS can use directly.
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Adjustments to the NASS quantity produced include:
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The quantity produced is reduced by the used-on-farm (feed)
to avoid double counting the value added through livestock
receipts.
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The Commodity Credit Corporation (CCC) is one of two channels
for producers to sell their production, with the balance going
through open market channels. An accounting is done for sales
attributable to CCC activities.
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NASS publishes quantities for crop marketing years, we distribute
that portion sold through open market channels out by months
and aggregate to calendar- year quantities.
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That portion of the harvest not sold by December 31 is accounted
for within the calendar year through placement into inventories,
where it is valued at the calendar-year weighted average price
to preclude the changes in price from January 1 to December
31.
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If calendar year sales exceed the harvest, representing
a drawdown of inventories produced in an earlier year, the
negative value of the inventory change serves to offset value
of these sales.
Confidential commodities and producing States
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NASS omits some commodities and/or States from its publications
due to concerns regarding disclosing information about individual
operations. NASS provides these data to ERS under an agreement
that we will maintain the confidentiality. These are incorporated
into the accounts, are reflected in the aggregate, and are tracked
throughout to preclude release via the several outlets by which
clients access the information.
Minor commodities and minor producing States
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These estimates are developed in cooperation with the NASS
State offices, which get data from any and all available sources.
With the number and diversification of the commodities, one
can't easily summarize the sources and data quality.
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Most States use informed opinions as a major source of data
for cash receipts from commodities in the unpublished report.
In most States, informed opinions are checked against one or
more of three major sources: state survey programs, producer
associations, and the State's extension service. California
is unique in that it relies heavily on surveys that are conducted
by someone other than NASS. Some States use NASS conducted
surveys for estimating cash receipts of important minor commodities.
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