U.S. net farm income in 2023: Revisions between the February 2024 forecast and September 2024 estimate

Billion dollars

Bar chart with 9 items.

Item 1, Net farm income 2023F (as of February 2024) 155.86603.
Item 2, Crop receipts 14.291043.
Item 3, Value of crop inventory change -2.669263.
Item 4, Animals/products receipts 5.218869.
Item 5, Value of animals/ products inventory change -0.187618.
Item 6, Production expenses -23.582031.
Item 7, Government payments 0.089939.
Item 8, All other changes -2.563966.
Item 9, Net farm income 2023 (as of September 2024) 146.463.

Note: Components may not sum to total revision because of rounding. Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of February 7, 2024.