U.S. gross cash farm income forecast to stabilize in 2018
Gross cash farm income (GCFI) is annual income before expenses and includes cash receipts, farm-related income, and Government farm program payments. GCFI is forecast at $418 billion in 2018, versus $321 billion (inflation-adjusted 2018 dollars) in 2000, with the increase across time largely due to higher cash receipts. After increasing 3 percent in 2017, GCFI is forecast to decline 2.2 percent to $418 billion (over $9 billion lower than 2017) in 2018.
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