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

U.S. gross cash farm income components, inflation adjusted, 2002-22F

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 $577 billion in calendar year 2022, versus $341 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 10.8 percent in 2022 and be at its highest level on record.

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