Table 1
Net farm income
Net farm income
| |
2016r |
2017r |
2016 to 2017 |
| |
millions of dollars | millions of dollars |
% change |
| + Total farm cash receipts including payments |
60,615 |
62,012 |
2.3 |
| - Total operating expenses after rebates |
46,052 |
47,442 |
3.0 |
| = Net cash income |
14,563 |
14,570 |
0.0 |
| + Income-in-kind |
56 |
56 |
1.1 |
| - Depreciation |
7,313 |
7,583 |
3.7 |
| = Realized net income |
7,306 |
7,044 |
-3.6 |
| + Value of inventory change |
1,203 |
1,150 |
... |
| = Total net income |
8,508 |
8,194 |
... |
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