Value Added and Traditional Formats for Presenting Farm
Income
For the convenience of those who may want to have a thorough
understanding of the relationships between components under the
value-added and older, more traditional formats used in the presentation
of the farm income accounts, the two wk1 spreadsheet files below
may be of assistance.
The most common requests are for "gross farm income"
and "total production expenses." Gross farm income can
be derived from the value-added table as the sum of two items-"final
agricultural sector output" and "direct government payments."
Total production expenses can then be derived as gross farm income
less net farm income.
Two tables, which together provide a map of how to crosswalk
between the two formats, the current
value added and the less frequently used traditional
formats.
Back to Farm Income Data Files.
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