Table 1
Net farm income
| 2021r | 2022p | 2021 to 2022 | |
|---|---|---|---|
| millions of dollars | millions of dollars | % change | |
| + Total farm cash receipts including payments | 82,778 | 95,027 | 14.8 |
| - Total operating expenses after rebates | 59,836 | 72,535 | 21.2 |
| = Net cash income | 22,942 | 22,492 | -2.0 |
| + Income-in-kind | 63 | 69 | 9.7 |
| - Depreciation | 9,189 | 10,065 | 9.5 |
| = Realized net income | 13,816 | 12,496 | -9.5 |
| + Value of inventory change | -7,733 | 8,771 | ... |
| = Total net income | 6,083 | 21,267 | ... |
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