Table 1
Net farm income
Net farm income
| |
2016r |
2017p |
2016 to 2017 |
| |
millions of dollars | millions of dollars |
% change |
| + Total farm cash receipts including payments |
60,526 |
61,601 |
1.8 |
| - Total operating expenses after rebates |
45,067 |
46,169 |
2.4 |
| = Net cash income |
15,459 |
15,433 |
-0.2 |
| + Income-in-kind |
55 |
56 |
1.6 |
| - Depreciation |
7,033 |
7,223 |
2.7 |
| = Realized net income |
8,481 |
8,266 |
-2.5 |
| + Value of inventory change |
1,319 |
1,541 |
... |
| = Total net income |
9,801 |
9,807 |
... |
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