Updated: Nov. 11, 2010
Next update: Nov. 2011
This form provides detailed estimates of farm gross income and production expenses and of several different measures of net farm income.
Farm gross income consists of estimates for the following items: Cash receipts from the marketing of crops and livestock; income from other farm-related activities, including recreational services and the sale of forest products; government payments to farmers; the value of food and fuel produced and consumed on farms; the gross rental value of farm dwellings; and the value of the net change in the physical volume of farm inventories of crops and livestock.
Production expenses (including the expenses associated with farm dwellings) consist of: Purchases of feed, livestock, seed, fertilizer and lime, and petroleum products; hired farm labor expenses (including contract labor); and all other production expenses, including depreciation, interest, rent, taxes, and the repair and operation of machinery.
The source is the Bureau of Economic Analysis.
See also data for U.S. States and Counties.