Table 1
Net farm income
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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