U.S. gross cash farm income forecast to decrease in 2023

Gross cash farm income (GCFI) is annual income before expenses and includes cash receipts, farm-related income, and Government farm program payments. In inflation-adjusted 2023 dollars, GCFI is forecast at $580.3 billion in 2023, versus $357.5 billion in 2002, with the increase across time primarily due to higher cash receipts. If forecasts are realized, GCFI would decrease by 7.2 percent in 2023 relative to 2022.
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