Economic Indicators of the Farm Sector, National Financial Summary, 1987

Agriculture and Rural Economy Division, Economic Research Service

No 349681, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Net farm income increased by 23 percent in 1987 to $46 billion while net cash income rose 11 percent to $57 billion. Both income concepts reflect cash income minus expenses. But, unlike net cash income, net farm income takes into account noncash items, such as the value of change in inventories which was negative in 1987, and the buildings and equipment depreciation allowance which fell slightly but remained high in 1987. These two factors meant that net cash income was higher than net farm income. Livestock marketings increased substantially as farmers had the advantage of higher meat prices, which boosted receipts while cash expenses remained about the same.

Keywords: Agricultural and Food Policy; Agricultural Finance; Crop Production/Industries; Dairy Production/Industries; Farm Management; Financial Economics; Labor and Human Capital; Land Economics/Use; Livestock Production/Industries; Production Economics (search for similar items in EconPapers)
Pages: 98
Date: 1988-10
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:349681

DOI: 10.22004/ag.econ.349681

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