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 income, and Government farm program payments. GCFI is forecast at $486 billion in 2021, versus $347 billion (inflation-adjusted 2021 dollars) in 2001, with the increase across time largely because of higher cash receipts. If forecasts are realized, GCFI would increase 7.3 percent in 2021 relative to 2020, and would be the highest since 2014.
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