Table 1
Net farm income
Net farm income
|
2018r |
2019r |
2018 to 2019 |
|
millions of dollars | millions of dollars |
% change |
+ Total farm cash receipts including payments |
62,486 |
66,366 |
6.2 |
- Total operating expenses after rebates |
49,939 |
52,860 |
5.8 |
= Net cash income |
12,547 |
13,506 |
7.6 |
+ Income-in-kind |
57 |
56 |
-1.5 |
- Depreciation |
7,847 |
8,096 |
3.2 |
= Realized net income |
4,757 |
5,466 |
14.9 |
+ Value of inventory change |
-112 |
-282 |
... |
= Total net income |
4,645 |
5,184 |
... |
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