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With expenses increasing slightly and declining receipts, net farm income forecast to fall in 2015

With expenses increasing slightly and declining receipts, net farm income forecast to fall in 2015
While gross farm income roughly measures the total value of agricultural output, it does not reflect the farm sector’s contribution to that value, nor does it measure the income earned by farm operators and other farm sector stakeholders. Net farm income—which reflects income from production in the current year—is calculated by subtracting farm expenses from gross income. Net farm income is forecast to be $73.6 billion in 2015, down almost 32 percent from the 2014 forecast.

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Last updated: Tuesday, February 10, 2015

For more information contact: Kathleen Kassel