Table 1
Net farm income
Net farm income
| |
2018r |
2019p |
2018 to 2019 |
| |
millions of dollars | millions of dollars |
% change |
| + Total farm cash receipts including payments |
62,499 |
66,052 |
5.7 |
| - Total operating expenses after rebates |
50,265 |
53,106 |
5.7 |
| = Net cash income |
12,233 |
12,945 |
5.8 |
| + Income-in-kind |
57 |
56 |
-1.4 |
| - Depreciation |
7,847 |
8,096 |
3.2 |
| = Realized net income |
4,443 |
4,905 |
10.4 |
| + Value of inventory change |
-671 |
-1,051 |
... |
| = Total net income |
3,772 |
3,854 |
... |
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