Table 1
Net farm income
Net farm income
| |
2019r |
2020p |
2019 to 2020 |
| |
millions of dollars | millions of dollars |
% change |
| + Total farm cash receipts including payments |
66,635 |
72,174 |
8.3 |
| - Total operating expenses after rebates |
53,347 |
54,032 |
1.3 |
| = Net cash income |
13,288 |
18,142 |
36.5 |
| + Income-in-kind |
56 |
56 |
0.6 |
| - Depreciation |
7,966 |
8,289 |
4.1 |
| = Realized net income |
5,378 |
9,909 |
84.2 |
| + Value of inventory change |
115 |
-1,833 |
... |
| = Total net income |
5,493 |
8,076 |
... |
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