U.S. gross cash farm income to increase in 2022

U.S. gross cash farm income components, inflation adjusted, 2002–2022F

Gross cash farm income (GCFI) is annual income before expenses and includes cash receipts, farm-related cash income, and Government farm program payments. GCFI is forecast at $600.0 billion in calendar year 2022, versus $343.3 billion (inflation-adjusted 2022 dollars) in 2002, with the increase across time primarily due to higher cash receipts. If forecasts are realized, GCFI would increase 14.3 percent in 2022 relative to 2021 and be at its highest level on record.

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