Table 1
Net farm income
Net farm income
|
2020r |
2021p |
2020 to 2021 |
|
millions of dollars | millions of dollars |
% change |
+ Total farm cash receipts including payments |
72,091 |
82,804 |
14.9 |
- Total operating expenses after rebates |
54,528 |
60,205 |
10.4 |
= Net cash income |
17,563 |
22,599 |
28.7 |
+ Income-in-kind |
56 |
63 |
11.3 |
- Depreciation |
8,429 |
9,207 |
9.2 |
= Realized net income |
9,190 |
13,454 |
46.4 |
+ Value of inventory change |
-1,593 |
-8,960 |
... |
= Total net income |
7,597 |
4,494 |
... |
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