Table 1
Net farm income
Net farm income
| |
2015r |
2016r |
2015 to 2016 |
| |
millions of dollars | millions of dollars |
% change |
| + Total farm cash receipts including payments |
59,823 |
60,316 |
0.8 |
| - Total operating expenses after rebates |
44,837 |
44,913 |
0.2 |
| = Net cash income |
14,986 |
15,403 |
2.8 |
| + Income-in-kind |
62 |
55 |
-10.4 |
| - Depreciation |
6,948 |
7,017 |
1.0 |
| = Realized net income |
8,100 |
8,442 |
4.2 |
| + Value of inventory change |
-80 |
1,213 |
... |
| = Total net income |
8,019 |
9,654 |
... |
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