Table 1
Net farm income
| 2015r | 2016p | 2015 to 2016 | |
|---|---|---|---|
| millions of dollars | millions of dollars | % change | |
| + Total farm cash receipts including payments | 59,697 | 60,004 | 0.5 |
| - Total operating expenses after rebates | 44,631 | 44,240 | -0.9 |
| = Net cash income | 15,066 | 15,764 | 4.6 |
| + Income-in-kind | 62 | 55 | -10.6 |
| - Depreciation | 6,947 | 7,016 | 1.0 |
| = Realized net income | 8,180 | 8,804 | 7.6 |
| + Value of inventory change | 116 | 699 | ... |
| = Total net income | 8,296 | 9,502 | ... |
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