Table 1
Net farm income
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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