Table 1
Net farm income
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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