Table 1
Net farm income
Net farm income
| |
2022r |
2023p |
2022 to 2023 |
| |
millions of dollars | millions of dollars |
% change |
| + Total farm cash receipts including payments |
95,344 |
99,574 |
4.4 |
| - Total operating expenses after rebates |
73,006 |
74,718 |
2.3 |
| = Net cash income |
22,338 |
24,857 |
11.3 |
| + Income-in-kind |
66 |
71 |
8.9 |
| - Depreciation |
10,141 |
10,418 |
2.7 |
| = Realized net income |
12,262 |
14,510 |
18.3 |
| + Value of inventory change |
9,467 |
-1,662 |
... |
| = Total net income |
21,729 |
12,848 |
... |
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