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

Billion dollars

Bar chart with 9 items.

Item 1, Net farm income 2023F (as of November 2023) 151.05783.
Item 2, Crop receipts -1.782309.
Item 3, Value of crop inventory change 1.199815.
Item 4, Animals/products receipts -1.05144.
Item 5, Value of animals/ products inventory change 0.345551.
Item 6, Production expenses 5.036326.
Item 7, Government payments 0.084805.
Item 8, All other changes 0.975449.
Item 9, Net farm income 2023F (as of February 2024) 155.86603.

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.