U.S. gross cash farm income expected to increase in 2021

U.S. gross cash farm income expected to increase in 2021

Gross cash farm income (GCFI) is annual income before expenses and includes cash receipts, farm-related cash income, and Government direct farm program payments. GCFI is forecast at $488 billion in 2021, versus $348 billion (inflation-adjusted 2021 dollars) in 2001, with the increase across time largely due to higher cash receipts. If forecasts are realized, GCFI would increase 6.2 percent in 2021 relative to 2020, and would be the highest since 2014.


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