Economic Indicators of the Farm Sector, National Financial Summary, 1988

Agriculture and Rural Economy Division, Economic Research Service

No 349413, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Net farm income fell by 3 percent in 1988 to $45.7 billion while net cash income rose 4 percent to $59.9 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. In 1988, the selling of crop inventories at high market prices (triggered by severe drought in some farm States) raised net cash income. This and higher feed costs reduced net farm income because a drawdown in inventory reduced the size of crop stocks.

Keywords: Agricultural and Food Policy; Agricultural Finance; Crop 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: 1989-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:349413

DOI: 10.22004/ag.econ.349413

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