Table 1
Net farm income
| 2019r | 2020r | 2019 to 2020 | |
|---|---|---|---|
| millions of dollars | millions of dollars | % change | |
| + Total farm cash receipts including payments | 66,362 | 72,024 | 8.5 |
| - Total operating expenses after rebates | 53,175 | 54,187 | 1.9 |
| = Net cash income | 13,187 | 17,837 | 35.3 |
| + Income-in-kind | 56 | 56 | 0.7 |
| - Depreciation | 8,128 | 8,463 | 4.1 |
| = Realized net income | 5,115 | 9,430 | 84.4 |
| + Value of inventory change | 253 | -1,613 | ... |
| = Total net income | 5,368 | 7,817 | ... |
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